The Philadelphia Fed’s monthly report on manufacturing came in slightly better than expected for April. While economists were expecting a slight decline to 21.0 from last month’s reading of 22.3, the actual reading showed a slight increase to 23.2. From a bigger picture perspective, the headline report has been positive for 23 straight months now,…
A review of today’s commodities, stocks, ETFs and stock market indexes. Video Length: 00:10:28
In the latest confirmation that earnings from Apple are set to disappoint, perhaps bigly, overnight, the world’s largest semiconductor producer, Taiwan Semiconductor, reported disappointing guidance, with management blaming a “very high-end smartphone” prompting renewed questions about the collapse in global iPhone demand. The market wasted no time to price in the ongoing decline in demand for $1000+ iPhones…
Have you been eager to see how The Bank of New York Mellon Corporation (BK – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based financial services company’s earnings release this morning: Earnings Beat BNY Mellon came out with earnings of $1.10 per share, surpassing the…
NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) — Aspen Group, Inc. (Nasdaq:ASPU), a post-secondary education company, today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at a price of $7.15 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 420,000…
NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) — Aspen Group, Inc. (Nasdaq:ASPU), a post-secondary education company, today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at a price of $7.15 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 420,000…
Founded in 1971, Bed Bath & Beyond (BBBY – Free Report) is an omnichannel retailer offering a wide selection of domestic merchandise and home furnishings. As of Mar 3, 2018, the company operated 1,552 across 50 states, DC, Puerto Rico and Canada, including its namesake stores as well as stores under other names. Lackluster Results and Guidance Reflect…
The stock market has been rallying on the surge in global economic growth (recently monikered global synchronized growth) over the past year. The hope, as always, is that growth is finally here to stay. The surge in growth has also given cover to the Federal Reserve, and Central Banks globally, to start reducing the flood of liquidity…
Here is the opening statement from the Department of Labor: In the week ending April 14, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 1,000 from the previous week’s unrevised level of 233,000. The 4-week moving average was 231,250, an increase of 1,250 from the previous week’s unrevised average of…
Video Length: 00:04:45 This is the first big week of earnings season and that means we’ll get a lot of big cap companies reporting, including several Dow components. While many continue with their hot streaks, with shares trading at or near new multi-year highs, there are others that have struggled over the past year. The…
