Market headlines have been dominated in past weeks by a potentialDeutsche Bank AG (USA) (NYSE:DB) collapse and its systemic risk to the global financial system. DB’s woes, along with the scandal at America’s largest bank by market capitalization, Wells Fargo & Co(NYSE:WFC), has renewed public interest in breaking up the biggest bank stocks.
Argus research analyst Jim Kelleher recently discussed the firm’s outlook for the financial sector in Argus’ monthly research conference call. According to Kelleher, the firm is bullish on financial stocks headed into 2017.
Parsley Energy Inc PE 0.58% has been on quite a run in 2016, but the stock may have finally run out of steam. Macquarie analyst Paul Grigel downgraded the stock from Neutral to Outperform.
Deere & Company DE 0.08% reported some relatively weak September sales numbers, but Wells Fargo analyst Andrew Casey believes the stock is still a solid buy ahead of a coming cyclical upswing in global demand.
After a rough couple of years, the latest numbers from Gap Inc GPS 1.1% suggest the company may be on the brink of a turnaround. According to Jefferies analyst Randal Konik, Gap investors now have more reasons to be bullish than bearish.
There’s no question that OPEC’s recent talk of a crude oil production cut is good news for oil investors. However, the latest report from the organization suggests that the global oil industry is still a long way from balanced.
Halloween 2016 could be dominated by clowns and presidential candidates, although many Americans may find that group redundant. According to University of Detroit Mercy Marketing Professor Michael Bernacchi, costumes of clowns and the presidential candidates are likely flying off the shelves this Halloween.
Microsoft Corporation MSFT 0.35% may have pulled a fast one onsalesforce.com, inc. CRM 1.94%. According to Global Equities Research analyst Trip Chowdhry, Microsoft was never genuinely interested in a salesforce buyout, and now salesforce is in a tough position.
Low borrowing costs have driven a surge in M&A activity in recent years. Even some of the biggest companies in the world have been on spending sprees. However, when massive companies agree to join forces, ironing out the details of the deal and gaining regulatory approval can be a long and arduous process.
The most recent Quicken Loans study of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values continued to narrow in September.