The Empire State Manufacturing Survey declined but remains in positive territory. Important internals likewise declined. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys ...
XPO Logistics announced that it plans to make an offering of 11M shares of its common stock in a registered underwritten offering. XPO expects to grant the underwriters a 30-day option to purchase up ...
There are two ways that corporations can return capital to shareholders: Dividends Share Repurchases Adding these two capital return methods together on a per-share basis and dividing by a company’s...
File this away for posterity, because we might be referring to it later on down the road. That’s what we said exactly a week ago about the ChiNext, which last Monday fell nearly 2% on jitters abou...
This morning we got the latest Empire State Manufacturing Survey, which fell from the previous month. The diffusion index for General Business Conditions at 9.8 was a decrease of 10.0 from the previo...
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday ou...
With little on the US economic docket in the coming days as the summer doldrums arrive, with Citi saying that “though several events of note linger on the horizon for later this week, G10 is fir...
The BlackRock 2Q 2017 earnings report was released before the opening bell this morning. The firm posted adjusted earnings of $5.24 per share on $2.97 billion in revenue. Analysts had been expecting $...
They’ve got the Permian Basin blues. Nothing they can do. Orders rigs when prices were high and so they drill a hole and let it die. While the rig counts rise, it slows the profits for shale ope...
– Bank of England warn that “bigger systemic risk” now than in 2008 – BOE, Prudential Regulation Authority (PRA) concerns re financial system – Banks accused of “balance sheet trickery...