Monthly Archives: July 2015

High Yield Breakdown

Could the high yield bond market be sending a precursor message to the Fed, signaling them not raise rates until 2016? While that’s a notable possibility, the market just doesn’t seem hungry enough to gobble up excess inventory from record outstanding high yield debt levels. Especially with intermediate to long-term fundamental challenges such as the…

Bank Stock Roundup: Q2 Earnings In Final Stretch; Comerica, SunTr

In the last five trading days, earnings releases were in full swing for banking stocks. Effective cost-control initiatives and absence of high legal expenses helped banks that have reported so far to outpace the respective Zacks Consensus Estimate. Banks were easily able to surpass estimates owing to downward revisions just before the releases. The concerns…

E

Shares of Sunesis (SNSS) are down 72% today after the company reported a regulatory update from both the FDA and EMA regulatory bodies. Sunesis is working on obtaining approval for Vosaroxin in both the U.S. and Europe, to treat patients with Acute Myeloid Leukemia — AML. AML is a blood cancer that inhibits proper cell…