AXA Equitable Holdings (EQH), the U.S. arm of French insurance giant AXA Group, will IPO on Thursday, May 10. At a price range of $24 to $27 per share, the company plans to raise $3.5 billion, which would make it the largest US IPO since Alibaba (BABA) in 2014. Despite its size, EQH has attracted…
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NVIDIA reports earnings tonight with a webcast at 5 PM. They had a blowout quarter and guide last quarter. We expect a good quarter and a higher guide but there are some special catalysts that can help this stock break out to new highs with conviction.Here’s Almost All That Matters… Gaming Crypto-NVIDIA-bears thought that Gaming’s Q4 strength was driven by…
(Thanks to Morningstar’s John Rekenthaler for including one of my emails to him in a column consisting of reader reponses while he tended to his wife who, as he reports, suffered a fainting spell. We wish both of them well, of course.) Do we need a recession or another credit event similar to 2008 to…
One of the biggest surprises of 2017 was the fact that the euro exchange rate measured against the U.S. dollar appreciated 14%—only about 7% behind the performance of the S&P 500 Index over the same period.1 The Consequence: European Equities Look Quite Attractive (7/31/12–4/30/2018) This spread illustrates one consequence of a central bank policy divergence, as the 10-year…
Oil has taken off like a rocket as Israel strikes Iranian targets in Syria in response to rocket fire overnight. Israel says it targeted Iran’s military infrastructure in Syria, in response to an Iranian rocket attack on the occupied Golan Heights. This comes as Iran lashes out in every direction in response to the U.S. backing…
The U.S. stock market indexes gained between 0.7% and 1.0% on Wednesday, extending their recent move up, as investors reacted to economic data releases, among others. The S&P 500 index reached 2,700 mark, as it got closer to its mid-April local high. It is currently 6.1% below January 26 record high of 2,872.87. The Dow Jones…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.10%) this morning are up +0.06% at a 3-week high as a rally in crude oil prices to a new 3-1/2 year high bolsters energy stocks. Jun WTI crude oil (CLM18 +0.52%) is up +0.51% at a fresh 3-1/2 year high on heightened Middle East tensions after Israel said…
Goldman Sachs analyst Yaron Kinar upgraded AIG to Buy from Neutral with an unchanged price target of $64. The shares closed yesterday down 26c to $52.82. AIG reaching break-even underwriting in its “much-criticized” General Insurance business will serve as a catalyst for shares in the second half of 2018, Kinar tells investors in a…
The conditions for a hike in May have been met so why wait? That’s what MUFG analyst Lee Hardman asked ahead of the March BoE meeting. Well fast forward to today and we know “why wait?”. The U.K. economy all but flatlined in Q1 (the worst quarter for growth since 2012) and subsequent data have betrayed more…
