Shares of General Electric (GE) dropped sharply in morning trading after a company executive confirmed an issue with a line of turbines, prompting a JPMorgan analyst to lower his price target on shares. TURBINE PROBLEM: GE Power Chief Executive Officer
September 20, 2018
In the Fed’s latest Flow of Funds report released at noon today, the Fed released the latest snapshot of the US “household” sector as of June 30, 2018. What it revealed (alongside major historical revisions) is that with $122.7 trillion in assets
The headline existing home sales growth was unchanged with the authors saying “With inventory stabilizing and modestly rising, buyers appear ready to step back into the market”. Our analysis shows home sales three month rolling average is in contraction year-over-year.
The resolve to improve mutual relationship between North Korea and its southern counterpart took a step further on Sep 19. Leaders from North and South Korea finally agreed on denuclearizing North Korea in an accord. Further, the Asia Development Bank
The preliminary reading of the European Commission’s Eurozone consumer confidence for September fell for the fourth month in a row to -2.9 from -2.0 in August. Although not as big a miss as August’s report, this was the second weaker than
Market Analysis Traditionally, September’s grain stock reports were non events. These reports generally confirmed the USDA’s and trade’s corn and soybeans old-crop ending stocks expectations that were posted earlier that month. However, this began changing in the late 2000s with
Fund Managers – Bearish Emerging Markets, Bullish On America The Chinese economy seems in a tailspin. Fund managers surveyed by Merrill Lynch expect global growth to fall in the next 12 months. As you can see from the chart below,
Shares of Under Armour (UA, UAA) are rising after the company provided an update on its restructuring plan and announced a roughly 3% cut to its workforce. RESTRUCTURING PLAN: On Thursday, Under Armour announced an update to its 2018 restructuring
Will this be the Fall of Falls. 10 years after the Lehman collapse, will we again have an Autumn of Shocks in financial markets? The odds are very high! Overstretched stock markets look extremely vulnerable including 13 recent Hindenburg Omens for the
By Steven Levine British alcoholic beverage company Diageo (NYSE: DEO, LON: DGE) has felt the sting of foreign currency volatility, despite the recent recovery of certain riskier emerging market assets. The London-based firm, responsible for iconic brands, including Johnny Walker, Tanqueray,
