The U.S. Dollar continues to be under significant pressure as investors appear to have decided that the recent weakness in the U.S. economy may not be as “transient” as the Federal Reserve Bank would have hoped. Yesterday’s release of April retail sales figures was unexpectedly dismal, and for an economy like the U.S. which is…
Here’s a new one. ECB president Mario Draghi cautions that ECB policies may “lead to financial instability and worsen income inequality.” Place that warning in the “duh” category. For duh details, please consider Draghi Warns Central Banks Against ‘Blind’ Risk-Taking. Mario Draghi has warned central banks to beware of the risk that aggressive monetary easing, including…
I wrote the following article for Institutional Investor magazine. Well, kind of. First I wrote to our clients as part of our first-quarter letter, explaining why we bought Conn’s during the quarter. I feel a little bit uneasy sharing this article, because Conn’s has a tremendous run-up since. Despite the run-up, we were buying it for new…
(Photo Credit: Mike Mozart) Six months ago Urban Outfitters (URBN) missed the Estimize earnings consensus for the third quarter in a row. The retailer was marred by controversy after showing several highly distasteful products including a Kent State sweatshirt which appeared to be covered with a blood splatter. Heading into last quarter’s earnings report contributors on…
Avon Products, Inc. (NYSE:AVP) Products skyrocketed as much as 20% to $8.00 per share in Thursday’s market trading. The spike was caused by regulatory filing from a certain PTG Capital Partners indicating its intention to buy the company for $18.75 per share. The trading of the shares of Avon Products was temporarily halted. The stock closed $7.07 per…
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 191 = 18,252 SPX + 22 = 2121.10 NAS + 69 = 5050 10 YR YLD – .04 = 2.24% OIL – .77 = 59.73 GOLD + 6.30 = 1222.40 SILV + .35 = 17.55 The Standard & Poor’s 500 Index closed at…
Delta Air Lines, Inc. (DAL – Analyst Report) declared that its board of directors has approved a new share repurchase program worth $5 billion. Simultaneously, the airline behemoth increased its quarterly dividend by 50%. Shares of the company climbed 1.48% to $46.78 per share following the twin investor-friendly moves on the company’s part. Delta expects to return in…
Remember MacNeil Curry… …aka the second coming of Tom Stolper (even if he has a way to go to catch up to Dennis Gartman), aka the FX gift that keeps on giving? Well, he just gave another FX gift. Stopped out of €/$ short as $/CAD probes pivotal support We have been stopped out of our €/$ short…
Rayno Biopharmaceutical Stocks – ASCO Plays or Not Large Caps Rule Clovis Oncology (CLVS) up 16.7%, 79% YTD to $100 level! Several data CLVS Presentations for ASCO including two oral and six posters for non-small cell lung cancer and ovarian cancer. Also with a valuation of only $3.4B and three platform products in the pipeline including companion diagnostics…
