The Flow Data Is In: Investors Are Still Buying Energy Stocks
The client flow data is in for the first full week of October, and a pair of Wall Street firms is looking to recent data to determine market trends.
Johnson & Johnson Sales Fall: What The Street Is Saying Now
Johnson & Johnson has reported a modest Q3 revenue miss, but still managed to beat consensus EPS expectations on the strength of its “Other Income” category. After selling off hard on Tuesday’s open, the stock has now rebounded to flat as the market seems not to know what to make of the report.
Quicken Loans Data Reveals We’re Still Overly Optimistic On Home Values
The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values contracted in September for the first time on over a year.
5 Ways To Play Secular Automation Mega-Trends
Cowen & Co has initiated coverage on five Process Control and Automation stocks. In a new report, analyst Joseph Giordano explains why the firm is bullish on the industry.
Wall Street’s Patience With Airline Stocks ‘Running Thin’
In a new report, JP Morgan analyst Jamie Baker explained why investors’ patience with airline stocks is running thinner than the air at cruising altitude. The firm has now lowered its projections for industry numbers in 2016 and 2017, and it has downgraded shared of JetBlue from Overweight to Neutral.
Major Accounting Changes Are Coming To The Financial Industry
In a new report, Keefe, Bruyette & Woods analyst Brian Kleinhanzl takes a look at the potential impact of the coming current expected credit loss standard (CECL). Kleinhanzl believes that the Financial Accounting Standards Board (FASB) will soon issue the new standard, and it could have a meaningful impact on the financial industry.
What Does The AB Inbev/SABMiller Deal Mean For Investors?
After Anheuser Busch Inbev raised its bid for SABMiller for the fourth time, the two companies have finally agreed to a merger in principle. The expected merger is worth about $106 billion, one of the largest M&A deals ever.
Typhoon Mujigae Rains On Macau’s Golden Week Parade
Just when it seemed like things might finally be looking up in Macau, the world’s largest gambling hub was dealt another heavy blow last week—this time by Mother Nature.
Oil Traders Take Profits As OPEC Lowers Production Projections
On Monday, OPEC joined the International Energy Agency (IEA) in predicting that non-OPEC global oil supply will begin to fall in 2016. In addition, OPEC has upped its oil demand outlook for 2016.
Facebook Goes Shopping
Facebook announced on Monday that it is testing new app features that allow users to shop for clothing and other items without ever leaving the Facebook app. The move by Facebook is another step into e-commerce giant Amazon’s space and could prove hugely beneficial for Facebook if the number of mobile shoppers continues to grow.