Loop Capital analyst David Miller downgraded 21st Century Fox (FOXA) to Sell citing the stock’s rally post the Disney (DIS) deal announcement. The analyst advises Fox shareholders to take profits. At $34.27 per share, the market is affording too high a multiple for the “New Fox” stub equity piece, Miller tells investors in a…
Loop Capital analyst David Miller downgraded 21st Century Fox (FOXA) to Sell citing the stock’s rally post the Disney (DIS) deal announcement. The analyst advises Fox shareholders to take profits. At $34.27 per share, the market is affording too high a multiple for the “New Fox” stub equity piece, Miller tells investors in a…
One of the most enduring and perplexing streaks of the last few years came to an end this week as bullish sentiment on the part of individual investors topped 50% for the first time in just under three years. That’s right! The weekly sentiment survey from the American Association of Individual Investors (AAII) showed that bullish sentiment increased…
One of the most enduring and perplexing streaks of the last few years came to an end this week as bullish sentiment on the part of individual investors topped 50% for the first time in just under three years. That’s right! The weekly sentiment survey from the American Association of Individual Investors (AAII) showed that bullish sentiment increased…
The preliminary fourth-quarter GDP report that’s due in late-January is still on track to post a healthy gain, but the latest forecasts reflect a wide set of projections, ranging from a modest slowdown to a strong acceleration in output vs. Q3’s pace. On the low end of estimates are two surveys of economists. The median…
The preliminary fourth-quarter GDP report that’s due in late-January is still on track to post a healthy gain, but the latest forecasts reflect a wide set of projections, ranging from a modest slowdown to a strong acceleration in output vs. Q3’s pace. On the low end of estimates are two surveys of economists. The median…
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.21%) this morning are up +0.20% on carry-over support from the passage of tax reform by U.S. legislators on Wednesday that President Trump said he will sign into law on Jan 3. European stocks are down -0.07%at a 2-week low after a gauge of UK Dec consumer confidence unexpectedly…
Devastating events resulting in huge cat loss, which led to weak underwriting results, have hounded the insurance industry this year. In spite of this, a gradual rise in interest rates, an improving employment scenario and other economic conditions have helped the insurance industry stand its ground with some insurers displaying better-than-expected results. With such challenges…
You’ve got to love Kuroda. On Thursday, after leaving the Bank of Japan’s lunatic monetary policy unchanged as expected, the world’s foremost authority on the type of currency debasement that’s effectively making cryptocurrency bulls’ argument for them delivered his assessment of Bitcoin at the post-meeting presser. And this being Kuroda, it did not disappoint when…
Since September this year, the USD/CAD pair has been trying to recover the huge losses it encountered in May when the pair fell from a one year high of 1.3786. From May, the dollar experienced significant losses not only against the Canadian dollar but also among other currencies as shown in the dollar index chart…
