Mindbody, Inc. (NASDAQ:MB) Sell or Short Recommendation $17.25 Price Target December 16, 2015, concludes the 180-day lockup period on Mindbody, Inc. When the lockup period ends for Mindbody, its pre-IPO shareholders, directors and executives will have the chance to sell their ~30 million shares. Source. We previewed MB on our IPO Insights platform. The potential for a sudden…
Flickr Kroger (NYSE:KR) delivered another solid beat on earnings on Thursday morning, sending the stock higher. The gain wasn’t dramatic, and neither was the earnings beat, but both were solid and steady. If stocks like Amazon (NASDAQ:AMZN) are hares, Kroger is a turtle. Investors seeking diversification need to own both. Quarterly profits for Kroger came in at $428 million, 44…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
Reader Tim Wallace pinged me with a couple interesting charts on new home sales. The charts compare new home sales to the labor force and also to the civilian non-institutional population. The numbers compare November 2015 to November in prior years. The numbers are not seasonally adjusted. New home sales are at an annualized rate. …
“Surprised”? Not if you’ve followed these pages for the past year or more… Today’s jobs data reflects on Wednesday’s post “Davidson” submits: The Establishment Survey and Household Survey employment reports are out and not only higher than expected. The Establishment Survey carried revisions of 30,000 more employed than first thought with past 2mos revisions. Yet, the…
Parker Drilling Company (PKD – Snapshot Report) has battened down the hatches for 2015 and 2016 as crude prices continue to be weak. This Zacks Rank #5 (Strong Sell) isn’t expected to be profitable either this year or next. Parker Drilling offers drilling services and rental tools to the energy industry. Its drilling services serves operators in the…
Here are some things I think I am thinking about: 1) Dean Baker says bubble spotting is easy. Dean Baker was among the few people who spotted the housing bubble fairly early. In a recent blog post he goes through how he identified it and asserts that this was “easy”. He says it was inexcusable for policymakers to…
Sergeant Schultz of Hogan’s Heroes was notorious for being clueless. Whenever Schultz exclaimed, “I know nothing … I see nothing!”, it was difficult to hold him accountable for the goings on at Stalag 13. In legal parlance, the Sergeant Schultz defense connotes the ability to deny knowledge of the actions of others due to lack…
It appears OPEC (more production, lower prices, lower petrodollar revenues for longer, more uncertainty in global economy) trumps payrolls (Fed rate hike locked in, stronger dollar) for precious metals…
The FOMC is set to meet on December 15-16 and the market is finally buying the rhetoric that a rate lift off will begin this month. While Fed chair Janet Yellen has been hinting at a potential rate increase for much of the year, the financial markets are now pricing in the reality. Economists can…
