Last week’s price action in the Canadian dollar marked a major “sea change” for the currency. Whereas the loonie had previously been lumped in with the other commodity dollars struggling to recover from the big downdraft in the price of hard goods, last Wednesday’s rate hike from the Bank of Canada injected new life into…
O’Reilly Automotive (ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, serving both professional service providers and do-it-yourself customers. Founded in 1957, the company IPO’d in April 1993. As of March 31, 2017, they operated 4,888 stores in 47 states. Shares Plunge After Weak Sales…
Hot stocks of the day: BAC, ERIC, DIA, TGT, NLY, HOG Video length: 00:04:46
So, the Riksbank. That’s the folks in Sweden. You know, the people Paul Krugman called “sadomonetarists” in a truly cartoonish 2014 blog post. Those would be the same “sadomonetarists” who abandoned their sadomonetaristic tendencies to follow Mario Draghi down the accommodative policy, ZIRP-to-NIRP, QE rabbit hole in order to ensure the krona didn’t soar in the face…
Barclays analyst Blayne Curtis downgraded AMD (AMD) to Underweight with an unchanged price target of $9. The chipmaker closed yesterday down 12c to $13.80. The analyst is “unconvinced” that AMD products will gain enough traction to support the current valuation. He also has difficulty “getting anywhere near” the company’s long-term earnings per share target of…
Oil prices are trying to recover on a weak dollar after selling off yesterday on the August oil future contract expiration. Also on a prediction by the Energy Information Administration (EIA) that US oil production would rise by 113,000 barrels a day to 5.585 million barrels a day in August from July, even as they…
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.04%) this morning are down -0.03% after the U.S. Republican health care reform plan failed to secure enough votes to pass in the Senate, which reduces the prospects that the Trump administration will be able to pass any of its economic agenda. Also, weakness in European stocks is undercutting U.S….
Republicans are likely to settle for repealing Obamacare but without any replacement. The imminent failure of Trumpcare comes on fertile ground: from another political issue related to Trump Junior, through weak US data and the more-cautious central bank. The move that began in the Asian session is extended in the European session. Here are some…
While Goldman’s (GS) overall results reported moments were generally solid, with the bank reporting Q2 revenue of $7.89 billion (exp. $7.52 billion) and net earnings of $1.83 billion, or EPS of $3.95, above the $3.39 expected, compared with $3.72 for Q2 of 2016 and $5.15 in Q1 2017, there was just one number everyone was…
(Video length 00:01:14) CNBC’s Meg Tirrell report Johnson & Johnson kicks off health-care earnings with an EPS beat of $1.83 adj on revenues of $18.839 billion.
