ZERO HEDGE reports: With the rank smell of geopolitical crisis again overpowering the air (not to mention the bidstack in the S&P500), Deutsche Bank’s head of thematic research Jim Reid thought it would be a good opportunity to highlight a table the bank’s equity strategists Binky Chadha and Parag Thatte did a...
Erik Schatzker writes: Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%. In a note posted Thursday, Grantham, the co-founder of Boston...
At around 12.00 EST, SEEKING ALPHA reports today: – Stocks are rallying again, led by tech today, as money moves back into risk. – The Nasdaq (COMP.IND) +2.8% leads the major averages. – Intel is popping on its plan to publicly list Mobileye. – Apple is gaining as it gets another $200 price target. It’s the megacap that has held...
SEEKING ALPHA writes: – Long-term rates are rising sharply again, with the 10-year Treasury yield approaching 1.5% for the first time in more than a year. – The 10-year yield is up 8 basis points to 1.47%, having hit an earlier high of more than 1.49%. (…) – The spread between the 10-year and 2-year… has doubled...
CNBC reports: U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months. The S&P 500 rose 1.9%,while the blue-chip Dow gained 600 points, or 2.0%, boosted by Disney and American Express....
CNBC reports: U.S. stocks fell sharply on Wednesday amid disappointing earnings, while concern about heightened speculative trading activity deepened. The Dow Jones Industrial Average lost 620 points, or 2%, while the S&P 500 dropped 2.6%. The tech-heavy Nasdaq Composite slid 2.5%. The S&P 500 and the Nasdaq both hit intraday record highs in...
CNBC reports: Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. Sentiment was kept in check by better-than-expected U.S. unemployment data. The S&P 500 ended the session down less than 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped...
It was a rather weak interim update from CH Robinson on Tuesday, which pushed down its stock as much as 5.5% in after-hour trade. Operating cash flow and working capital management were particularly poor in the first nine months of the year (page 12 here; check out the changes in receivables..). Expect more...
… with one day left until Pelosi’s stimulus deadline. CNBC reports: Stocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi to reach a deal on new coronavirus stimulus before the election while Covid-19 cases rise. The Dow Jones Industrial Average closed 410.89 points lower, or 1.4%, at 28,195.42. Earlier...
DSV Panalpina has released preliminary, unaudited results for the Q3 ’20 and updated guidance for the year. Late on Friday it said: During Q3 2020, we have seen a strong financial performance in all divisions, with results exceeding our internal expectations. The results are driven by better than anticipated market conditions across...
