The Bureau of Labor Statistics released the September CPI data this morning. The year-over-year unadjusted Headline CPI came in at -0.04%, down from 0.20% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.89% (rounded t0 1.9%), little changed from the previous month’s 1.83% (rounded to 1.8%). Here is the introduction…
Cancer, a word capable of striking fear in even the strongest of hearts, is a malignancy characterized by the uncontrolled growth of abnormal cells which, if not checked, can lead to death. According to the American Cancer Society, there are more than 100 types of cancer including breast cancer, skin cancer, lung cancer, colon cancer,…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected five undervalued companies with a low beta reviewed by ModernGraham. A company’s beta indicates the correlation at which its price moves in relation to the market. A beta less than 1 indicates a company is less volatile than the…
Goldman Sachs, Citigroup and Philip Morris released their latest earnings reports before opening bell this morning. Goldman Sachs posted earnings of $2.90 per share on revenue of $6.86 billion. Analysts had been expecting earnings of $2.87 per share and revenue of $7.11 billion. In last year’s third quarter, the firm posted revenue of $8.39 billion…
Shares of Five Prime Therapeutics (FPRX) are up 62% after entering into a collaboration agreement with Bristol-Myers (BMY). Both companies entered into this agreement to collaborate on Five Prime’s anti-body program for the treatment of cancer. Five Prime is receiving an upfront payment of $350 million for this collaboration. The upfront payment for Five Prime…
Just a very quick “before I walk my dogs” post: the USD/JPY continues to break down, as the Japanese Yen (amazingly enough) strengthens. I think people will be surprised at how strong the Yen behaves in the months ahead.
Once again, Jefferies’ one-month early glimpse at Wall Street trading revenues proved to be spot on. After the boutique mid-market banks reported a total collapse in fixed income trading revenues (which ended up negative following massive charge offs), everyone was looking at the biggest hedge fund among the TBTF banks – Goldman Sachs – to see just…
Investing in the Middle East stock market might look to be daunting at this moment when the price of crude oil, which accounts for the lion’s share of the region’s revenues, continues to plunge and is currently trading near its six-year low. Geopolitical tension and depleting foreign reserves are some of the other issues disturbing…
It’s no secret that America’s highways and bridges are a sham and the overall transportation system is in desperate need of funding. What is troubling is Congress’ latest solution. We pay for our highways and bridges through a tax on gasoline, which puts the cost of the transportation system squarely on users. Currently, the federal…
Blackstone (BX) and U.S. Bancorp (USB) released their third quarter earnings reports before opening bell this morning. U.S. Bancorp posted earnings of 81 cents per share, which was in line with consensus, on $5.15 billion in revenue, which was slightly ahead of the $5.12 billion analysts had been looking for. Blackstone posted economic net losses…
