(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…
Two totally different news items have caught my eyes today: Verizon to acquire AOL: “Verizon Communications Inc. (VZ) agreed to buy AOL Inc. (AOL) in a $4.4 billion deal aimed at advancing the telecom giant’s growth ambitions in mobile video and advertising.” read more at WSJ And take a look also at the following pieces here and here which…
1. Same-Shack sales take flight Shack Shake (SHAK) uses a metric it calls Same-Shack sales to describe its business at locations which have been open for at least 2 years. Most companies compare same store sales after only one year of operation, but Shake Shack says it sees so much initial demand when it opens…
The 2000s may have been a lost decade in the stock market, with the S&P 500 down 25%. The teens, however, have been terrific. The blue chips have returned about 85% since the start of 2010, and the index is now almost 45% above where it ended the 1990s. So it’s understandable to wonder if…
