TOP NEWS
MARKET CURRENTS
-
12:05 AM Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD Comment!
-
12:00 AM Thursday's economic calendar:
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Comment!
-
22 May, 10:32 PM GE bucked the downtrend today, rising 0.9% as Jeff Immelt - speaking at a conference (transcript) - says the company is considering spinning off parts of GE Capital through an IPO. "In financial services, putting things up for sale with the assumption that a bank would buy it has been a fool's journey," said Immelt, "(but) the capital markets are very receptive to IPOs." The proceeds would fund more buybacks as Immelt hopes to lower the share count to 9B-9.5B shares by 2015's end (from about 10.4B currently). Comment!
-
22 May, 10:17 PM Ford (F) says it will close its plants in Australia in 2016 as a strong aussie and high labor costs weigh heavily on the Australian manufacturing sector's ability to compete with cheap imports. The closures are expected to result in the loss of some 1,200 jobs. 1 Comment [Consumer]
-
22 May, 10:09 PM More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. Comment! [Financials]
-
22 May, 10:06 PM China HSBC flash PMI prints in contraction territory for the first time in seven months, coming in at 49.6, down from a final reading of 50.4 in April. The new orders sub-index falls to 49.5 (eight month low) while new export orders stabilize a bit from last month. Comment! [Global & FX, Breaking News]
-
22 May, 8:41 PM Singapore revises Q1 GDP up to show a 1.8% Q/Q expansion (seasonally adjusted, annualized) versus an advance estimate of a 1.4% decline. On a Y/Y basis the economy expanded 0.2%. The Ministry of Trade and Industry says "economic growth … is expected to improve gradually over the course of the year." The Singapore ETF (EWS) is up 19.8% Y/Y. Comment! [Global & FX]
-
22 May, 8:31 PM Japanese stocks move up in early trading, with the Nikkei Average rising 0.7% as a weakened yen gives a boost to exporters and offsets early losses in banks: Canon (CAJ +3.4%), Fast Retailing (FRCOY.PK +2.9%), Fanuc (FANUY.PK +1%), Sumitomo Mitsui Trust (SUTNY.PK -1.9%), Shinsei Bank (SKLKY.PK -2%). Comment! [Global & FX]
-
22 May, 8:20 PM Citi's Willem Buiter throws in the towel on a "Grexit" in 2014, notable not only because Buiter has repeatedly predicted Greece will eventually bid the eurozone adieu (putting the odds at 90% within 12-18 months late last summer) but because he is credited with coining the term "Grexit" in the first place. Bears needn't despair too much though: Buiter still says "there is a fairly high risk of Grexit at some stage in the coming years." 2 Comments [Global & FX]
-
22 May, 8:07 PM US Airways (LCC) prices $100M in aircraft financing to reimburse the company for the cost of the purchase of two Airbus aircraft currently owned and two aircraft scheduled to be delivered prior to the date of issuance in June. It also plans to use funds to finance its purchase of seven Airbus aircraft scheduled to be delivered from June 2013 to October 2013. Comment! [Consumer]
STOCKTALKS
Sign in to view StockTalks by people you follow
TOP ARTICLES12:04 AM ET THURSDAY MAY 23
PORTFOLIO
| Symbol | Alerts | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
More on this portfolio:
Day Watch |
Alerts |
Holdings |
Performance |
Momentum |
Valuation |
Profitability |
Dividends |
Debt |
Ownership
LATEST ARTICLES
- Hortons Hears A Hedge Fund by Wealthcompound • Comment!
- Why Doctors Can Prescribe Arena's Belviq For Off Label Uses Without Worrying About Legal Liability by Jacob Smith • 4 Comments
- YCS Outperforms In A Yen Decline, Without Significant Tracking Error by Trust Intelligence • 1 Comment
- Bernanke's Comments Boost The USD, Hurt The Euro by Ralph Shell • 1 Comment
- Value Investors Should Not Overlook Volkswagen by Labutes IR • Comment!
- Why The Dow Transports May Keep Rolling Over The S&P 500 by John Kozey • Comment!
- 4 Ideas For Today's Low-Inflation Environment by Russ Koesterich • Comment!
- Medtronic's Defibrillator Sales Show A Pulse With Encouraging Results by Trefis • Comment!
- Consumer Loan Delinquencies Hit A New Low by Calafia Beach Pundit • 1 Comment
- Bank Reserves: A Hot Potato by Bob McTeer • Comment!
ALPHA-RICH IDEAS
- Seadrill Partners: A Stable Driller With Growth Potential by Power Hedge • 1 Comment
- Why I'm Buying Multiband Hand Over Fist by Inefficient Market • 20 Comments
- Silver Bay Realty Trust: A Disaster Waiting To Happen by Josh Arnold • 47 Comments
- A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance by Dane Bowler • 30 Comments
- Ryland: 2 Major Reasons Why This Homebuilder Is At Least 30% Overvalued by Money Investor • 4 Comments
- hhgregg: Gravity Will Return After A 175% Run Over The Last 6 Months by Money Investor • 19 Comments
- The Hard Money Has Been Made In Imperial Holdings by Whopper Investments • 8 Comments
- AdCare Tender Offer Looks Improbable by Benjamin Mackovak • 6 Comments
- CST Brands: Valero's Spin-Off Is Currently Undervalued And Under-Earning by Daniel Phillips • 18 Comments
- TeraGo: The Cheapest Communications Cash Cow You've Never Heard Of by Cash Man • 48 Comments
MACRO VIEW
- Bernanke's Comments Boost The USD, Hurt The Euro by Ralph Shell • 1 Comment
- Consumer Loan Delinquencies Hit A New Low by Calafia Beach Pundit • 1 Comment
- Bank Reserves: A Hot Potato by Bob McTeer • Comment!
- Will It Be Inflation Or Deflation? The Answer May Surprise You by Michael T. Snyder • 3 Comments
- Wall Street Strategist Year-End S&P 500 Price Targets by Bespoke Investment Group • 2 Comments
- A Dole Of Doves To Send U.S. Economy Into Outer Space by Pater Tenebrarum • 1 Comment
DIVIDENDS & INCOME
- Value Investors Should Not Overlook Volkswagen by Labutes IR • Comment!
- MLPs With Lower Leverage May Fare Better As Tapering Begins And Rates Rise by Richard Shaw • 1 Comment
- General Electric: Ideal Time To Add Shares Into Your Dividend Portfolio by Stock Gamer • 5 Comments
- The Cold, Hard Facts Behind Funding Your Retirement by Dennis Miller • 2 Comments
- Macy's: It Is Profitable To Buy 'Off The Rack' by Mark Piro • Comment!
- A Moderate-Risk, High-Reward Dividend Play by Tim McAleenan Jr. • 20 Comments
ETFs & PORTFOLIO STRATEGY
- YCS Outperforms In A Yen Decline, Without Significant Tracking Error by Trust Intelligence • 1 Comment
- 4 Ideas For Today's Low-Inflation Environment by Russ Koesterich • Comment!
- Fed Tapering Comments Expose Stock Market Rally Weakness by Daniel R Moore • Comment!
- Risk Is Not A Singular Noun by Rich Willis • Comment!
- How Risky Are International Dividend ETFs? by Morningstar • Comment!
- Apple Bonds In ETFs: If, When And How? by Matt Tucker • Comment!
INVESTING IDEAS
- Hortons Hears A Hedge Fund by Wealthcompound • Comment!
- Why Doctors Can Prescribe Arena's Belviq For Off Label Uses Without Worrying About Legal Liability by Jacob Smith • 4 Comments
- Online Business And Rejuvenated Anthropologie Brand Bolster Urban Outfitters' Results by Trefis • Comment!
- Cisco Is Using Its Balance Sheet Constructively by Philip Mause • 1 Comment
- Yahoo: To Buy Or Not To Buy by Simon Trinh • 3 Comments
- Billionaire David Tepper's High Upside Potential Stock Picks by Insider Monkey • Comment!