In a new report, Deutsche Bank analyst Mike Urban explained why offshore drilling investors have reason for optimism. Despite talking share prices and a weak near-term demand outlook, Urban believes that offshore drillers remain a secular long-term growth story.
Legendary investor Carl Icahn has certainly never been one to mince words. In a phone interview with CNBC this weekend, Icahn explains why he believes that the art, real estate and high-yield bond markets may soon be facing a catastrophe similar to the one that the U.S. housing market faced back in 2007.
In a new report, Citi Research analyst Matt King looked at exploding global credit levels, why weakness on emerging markets is having such a large impact on equity markets and exactly where the world stands at this point. According to King, the deleveraging process could potentially be a painful one for global economies.
According to the latest numbers from the National Association of Realtors (NAR), homebuyers’ willingness to pay increasingly hefty prices may be waning. The NAR reported Monday that pending home sales fell 1.4 percent month-over-month (M/M) in August, a sign that the housing market may be beginning to cool off.
Chipotle Mexican Grill, Inc. CMG 0.07% announced Monday that carnitas will once again be available at 90 percent of the company’s locations. Chipotle removed carnitas from the menu at over a third of its locations earlier this year when one of its primary pork suppliers was discovered to be in violation of the company’s policies regarding…
After watching the stock’s share price fall by more than 17 percent in five days, Valeant Pharmaceuticals International Inc VRX 5.06% CEO J. Michael Pearson decided to take matters into his own hands on Monday by sending a letter to his employees assuring them that the company’s business model and fundamentals are sound. Democratic presidential…
After a steep decline in the month of August in response to economic weakness in China, the S&P 500 has bounced back a bit in the month of September. So far this month, the index is up 1.5 percent, but not all of its members have enjoyed the month of September.
Bank of America has upgraded United Rentals from Underperform to Neutral after a dip in the stock’s share price dropped it to the firm’s $60 price target.
Citi Research has once again cut its global growth forecast through the end of 2016. In a new report, analyst Willem Buiter explained why Citi’s outlook has become bleaker in recent months and what Citi’s latest projections mean for global investors.
A new report by UBS analyst David Tinsley explored the possibility of a U.K. exit from the eurozone. Tinsley believes that a referendum on a U.K. “Brexit” could come as soon as 2016.