Auto Parts Stores Were Decimated

Auto Parts Stores Were Decimated

Auto parts retailers continued to take a hit after O’Reilly Automotive’s (NASDAQ:ORLY) Wednesday warning that Q2 same store comps came in well below guidance; during the following three days, ORLY fell 21.6% to end the week at a new 52-week low, Advance...

Frack Sand Miners Plunge

  Frack sand miners plunged in yesterday’s trading, as investors worried about a possible glut of the special sand after a major supplier announced construction of a major new plant in the Permian Basin that would use regional sand On Thursday, privately...

Frontier Communications’ Reverse Split Is A Go

Earlier this winter ago I came right out and said that an investment in Frontier Communications Corporation (NASDAQ:FTR) was absolutely indefensible. The stock now sits at a 52-week low. Now I will be clear and tell you that his has been a stock that I have been...
Feed Costs Are Rising, And That Hits Tyson Hard

Feed Costs Are Rising, And That Hits Tyson Hard

A report is out today that states feed costs are going to be impacting food companies quite heavily this quarter. A prime company that is going to be impacted is Tyson Foods (NYSE:TSN). As you know when I first wrote about I discussed that it was one of the largest...
Trouble at the Federal Reserve?

Trouble at the Federal Reserve?

Fed Chair Janet Yellen and New York Fed President Bill Dudley (joined by consistent hawk, Cleveland Fed President Loretta Mester) have made it clear they believe the recent slowdown in inflation is temporary. They appear ready to forge ahead with more rate hikes, with...
Key Stocks To Watch Next Week

Key Stocks To Watch Next Week

Here is what we think you should be watching next week. Key events are scheduled for the companies listed below. Expected IPO filings: Esquire Financial (ESQ) on June 27, Avenue Therapeutics (Pending:ATXI) on June 28, Mersana Therapeutics (Pending:MRSN) on June 28,...

Tesla to offer a music service?

Music industry sources say Tesla (TSLA) has had talks with all major labels about licensing a proprietary music service which would come with all of its cars, report Peter Kafka and Johana Bhuiyan at Recode. This naturally begs the question of why the automaker...

Sears To Close More Stores

Sears Holdings (SHLD) is preparing to close 20 more stores in the United States. That’s on top of 245 closings already announced, employees told Business Insider, and will bring the company’s store count down to about 1,180. The new closings come in a...

Amazon to stream NFL

Amazon (NASDAQ:AMZN) will stream Thursday night NFL games to Prime customers in the upcoming season and now seeks advertisers for $2.8M packages, according to Reuters sources. Ads would appear during the games and on Amazon’s website. Amazon paid the NFL $50M to...

Every Major Bank Passes Stress Tests!

All 34 lenders subjected to the Fed stress tests exceeded the minimum projected capital and leverage ratios under the severely adverse scenario. It’s the third consecutive year there have been no banks failing. The results of the CCAR – in which...
Stocks Fall Most Since Trump Election

Stocks Fall Most Since Trump Election

The Dow and S&P 500 suffered their largest losses since mid-October, as market sentiment sours for the first time on Pres. Trump’s ability to accomplish the promised pro-growth policies of tax reform and stimulus. The Dow and S&P each closed with losses...

Disney’s Beauty and The Beast Starts Strong

Disney’s (NYSE:DIS) Beauty and the Beast is expected to score a record breaking opening weekend of $168M-$180M after earning $16.3M in Thursday night previews, the second-highest such preview figure ever for any G or PG-rated movie behind Harry Potter and the...

Tesla To Stop Selling Model S

Tesla (NASDAQ:TSLA) says it will discontinue the Model S 60 and 60D after April 16. Tesla statement: “We introduced the Model S 60 kWh battery as a more affordable option to accelerate the adoption of electric vehicles. However, most customers ended up buying an...
Snapchat Stock Falls Below $20

Snapchat Stock Falls Below $20

Snap (NYSE:SNAP) is down 4% to slip below $20 for the first time since the IPO. TheStreet.com reported earlier today that Snap could face some investor lawsuits over the high level of non-voting shares issued as part of the public launch. That’s right....

Halliburton To Make Major Purchase

Where have I seen this before? If you have not heard by now, Halliburton (NYSE:HAL) is reportedly close to reaching a deal to acquire Norwegian oil services company Aker Solutions or its key subsea unit. This would be a sizable purchase. Now I know what it reminds me...

S&P 500 and Dow Jones Industrial Make Changes

The S&P and  Dow Jones Indices have made adjustments to the market cap definitions of its indexes that have resulted in some ticker shuffling. Effective today, the S&P 500 has a market cap guideline of $6.1B or greater (up from a previous $5.3B). In addition,...

Oil and Energy Company Leaders Fear Market

 “Efficiency” is being stressed this week by oil company leaders. They worry about how too much of a good thing could turn out bad. What were are talking about is too much production. From Exxon Mobil’s (NYSE:XOM) Darren Woods to Statoil’s...

Facebook to Move Into Streaming Major League Soccer

Facebook’s (NASDAQ:FB) media moves take another step with an agreement to live-stream at least 22 Major League Soccer games this season. The first match livecast comes March 18 when Chicago plays an expansion team from Atlanta. The telecasts come through a deal...
Avatar Movie Sequel Delayed: Impact to Disney?

Avatar Movie Sequel Delayed: Impact to Disney?

Looks like Avatar 2 will take a little while longer before it makes a run at the same box-office gold as its predecessor. Unfortunately, the film is “not happening” in 2018, says director/producer James Cameron, marking another of many delays in its...
MeetMe Stock Slammed Following Share Offering

MeetMe Stock Slammed Following Share Offering

I have been covering MeetMe (NASDAQ:MEET) for quite a while. You may remember that I bought in at the $2 mark, and made it my top pick for 2016. In the summer of 2016, the stock surpassed $7, at which point I recommended that investors should take profits. When the...
SEC Denies Bitcoin ETF

SEC Denies Bitcoin ETF

Is this the start of a major decline in Bitcoin? We have just received word that suggests this may be the case. Dashing years of hopes, the SEC has rejected the Winklevoss Bitcoin ETF (Pending:COIN). Near $1,300 ahead of the announcement, the price of bitcoin has...

TD Bank Faces Fraud Allegations Like Wells Fargo

After a CBC News report about the pressures put on branch employees to sign up customers for products they don’t need.TD Bank (NYSE:TD) is getting hit hard, similar to what happened to Wells Fargo (NYSE:WFC) “When I come into work, I have to put my ethics...
This Market Week Headlines (3/6/17-3/10/17)

This Market Week Headlines (3/6/17-3/10/17)

Stocks gain after strong jobs report but snap weekly winning streak Stocks closed with modest gains after this morning’s strong jobs report reaffirmed strength in the U.S. economy as well as the near certainty of a rate hike at next week’s FOMC meeting....

Today’s key data points for the economy

Thursday’s (3/9/2017) economic calendar 7:30 Challenger Job-Cut Report 8:30 Initial Jobless Claims 8:30 Gallup Good Jobs Rate 8:30 Import/Export Prices 9:45 Bloomberg Consumer Comfort Index 10:00 Quarterly Services Report 10:30 EIA Natural Gas Inventory 1:00 PM...
Starbucks Loses Market Share

Starbucks Loses Market Share

Starbucks (SBUX -1%) has  lost some market share to rivals in February, according to data from mobile specialist xAd. The firm says Starbucks nailed down 11% of restaurant traffic market share during the month, down from 12% in January. New initiatives from...
Sprint Fears AT&T and Time Warner Merger

Sprint Fears AT&T and Time Warner Merger

A buyout of Time Warner (TWX +0.4%) by AT&T (T -0.2%) will mean fundamental change for the wireless industry, Sprint (S +1.5%) Chief Financial Officer Tarek Robbiati says. He didn’t have much to say about a much-discussed prospective merger with fellow...
Caterpillar Accused of Tax Fraud; Stock Holds Up

Caterpillar Accused of Tax Fraud; Stock Holds Up

According to a NY Times report, for years, federal investigators have been scrutinizing Caterpillar’s overseas tax affairs with no resolution to the examinations of the complex maneuvers involving billions of dollars and one of the company’s Swiss subsidiaries. Now, a...
Natural Gas Exploding Higher: Time To Buy?

Natural Gas Exploding Higher: Time To Buy?

-Natural gas prices are rallying today as recent weather forecasts favor cooler weather across much of the U.S., rising 3.7% to $2.931/MMBtu and extending a rebound that has sent prices higher for four straight trading sessions. -Nat gas prices had been held down by...
Tesla is in big trouble

Tesla is in big trouble

We just found out some major news regarding Tesla (NASDAQ:TSLA). If it wants to compete, it needs a massive investment.   Tesla would need to to spend up to an additional $8B in its network of charging stations in the U.S. alone if it wants to make recharging a...

China Lowers Growth Target

  China Lowers Growth Target China has lowered its annual economic growth target to “around” 6.5%, compared to last year’s range of 6.5% to 7%. “At present, overall systemic risks are under control,” Premier Li Keqiang told the National...
Snapchat IPO Dazzles

Snapchat IPO Dazzles

Snapchat (NYSE:SNAP) IPO’d 200 million shares, which were listed at a $7 premium at $24 per share. Many called the stock overvalued. The stock is valued at 35 times sales, which is twice of what Facebook (NASDAQ:FB) went public at, although Facebook was close to...
AT&T: Another big deal for the stock

AT&T: Another big deal for the stock

AT&T, union ratify another deal for former DirecTV workers In another in a string of labor wins for AT&T (NYSE:T), union leaders say former DirecTV workers in four states have ratified a labor deal. The Communications Workers of America’s deal with...

Not looking good for Harley

The Harley (NYSE:HOG) growth engine has hit a demographic flat spot, writes Bill Alpert in a front-page Barron’s article, noting the company has missed annual shipment targets for several consecutive years. Amidst slipping sales, management has been able to keep...

Barrons sees upside in Transocean

Barron’s says value-oriented investors should take a look at Transocean (NYSE:RIG); analysts think shares can rise more than 35% over the next year or two. Share prices indicate investors think they’re “dead” – far from reality,...