Wendy’s (WEN) – Nelson Peltz’s Trian increased its stake in the restaurant chain to 23.45 percent from the prior 15.6 percent. Southwest Airlines (LUV) – The air carrier reported a 7.2 percent increase in revenue passenger miles in November from a year earlier. Lowe’s (LOW) – The home improvement retailer reiterated its prior guidance for…
Market Update: Stock futures are quiet before Wednesday’s open as investors wait for Tomorrow’s ECB meeting and then next week’s Fed meeting. Gary’s Thoughts: Down a wee bit but for us, the bigger story that Trump was named Time man of the year…BUT…in that interview states he is going to bring down the price of…
Inflation: 720% …
Stocks rallied on Monday after Italy voted “no” on their referendum to reform the constitution. Italy’s Prime Minister, Matteo Renzi, resigned after his party lost and the “no” vote won. Overnight, futures were down slightly but they turned higher as the euro reversed from a big loss on the news. Once again, markets are adopting to…
Market Update: Stock futures are slightly higher ahead of Tuesday’s open after Italy’s referendum failed over the weekend and investors now look ahead to the ECB meeting on Thursday and then next week’s Fed meeting. It took stocks three days to recover from Brexit, less than one day to recover from the U.S. election, and…
Amazon.com Inc just announced it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters. The name of the store, Amazon Go, will be 1,800-square-feet and get this: use sensors that detect what shoppers buy and automatically bills it to their Amazon account. Will this work? The fact is checkout lines are the…
McDonald’s (MCD) — Nomura upgraded the restaurant chain’s stock to “buy” from “neutral,” saying the issue of tough U.S. comparable sales will subside and that it is enthusiastic about the company’s planned menu updates. Apple (AAPL) — London’s Sunday Times reports that Apple is in a customs dispute with Britain, which is said to have…
We actually wrote the following on November 20th. We reprint them again because not much has changed: “We continue to believe this remains a very split tape…regardless that some major indices are in new high ground. Bounces aside…and to be clear, all these areas are deeply oversold…we continue to avoid: Gold/silver, real estate, utilities, beverages,…
Stocks were mostly lower on Thursday as heavy selling showed up in the tech sector for the second straight day which dragged the market lower. The tech heavy Nasdaq 100 and many semiconductor stocks fell in heavy trade and broke down below key levels of support. In fact, the Nasdaq 100 has erased all of…
Market Update: Stock futures are lower ahead of Friday’s open as investors wait for the always fun and fake jobs report to be released. The market is digesting a steep decline in the Nasdaq and semiconductor stocks over the past few days. Gary’s Thoughts: We forgot to mention the continued mauling in the big cap…
