Last week, two important U.S. economic reports were released. What do they imply for the gold market? Recently, geopolitical events – such as the U.S. strike in Syria, tensions over the North Korea, Turkish constitutional referendum, or May’s call for a snap election in the UK – have caught the investors’ attention. However, geopolitical events rarely lead to lasting rallies. Since the…
I have argued that “passive investing” is an oxymoron because it denies precisely that which defines an investment: active analysis. Proponents of the strategy don’t seem worried about this inconsistency, though. This is likely due to the fact that most of them believe the market to be, to a great extent, efficient. From Wikipedia: Efficient-market hypothesis (EMH) is a…
Real Estate Investment Trusts, or REITs as they are more commonly known, are a great source of income. It is not uncommon to find REITs with dividend yields that are several percentage points above the S&P 500 average, which hovers around 2% right now. Realty Income (O) and Omega Healthcare Investors (OHI) are no different….
The Bank of New York Mellon Corporation’s (BK – Free Report) first-quarter 2017 adjusted earnings per share were 80 cents, in line with the Zacks Consensus Estimate. A rise in revenues and provision benefit supported the results. Also, assets under management (AUM) reflected growth. However, a marginal increase in expenses and lower foreign exchange and other trading…
The shares of drug maker Tesaro (TSRO) are falling with two possible headwinds cited by analysts as the potential culprit, namely the pricing of its niraparib treatment and the disappointing trial results of another drug in the same therapeutic space. PRICING: Last night, Tesaro announced that Zejula, its oral, once-daily poly polymerase inhibitor, is now…
Audio Length: 00:57:47 Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also a professor of finance at Columbia Business School, and the author of several books, such as; The Success Equation and More Than You Know. Michael is widely recognized as a thought leader on the subject…
It’s unclear what the catalysts for this sudden vertical buying panic is, but minutes after Europe closed, the dollar suddenly went full bid, gold slipped, and Treasury yields rose… There was a new French poll (which showed very little difference from previous polls) and comments from Lagarde on how bad a Le Pen victory would be, comments…
As longtime readers know, we love small caps here at Wall Street Daily — with good reason. During periods of economic expansion, small stocks often outperform blue chips by a wide margin. In fact, on swelling hopes of prosperity under President Trump, the market’s smallest stocks have gained 14% since the election — compared with a 9%…
On April 4, Krispy Kreme owner JAB Holdings signed a $7.5bn deal to acquire bakery chain Panera Bread – representing the biggest restaurant deal in US history. The news caused shares in Panera to jump 14 percent, reaching record highs of $312.98. The companies hope to close the deal in the third quarter of 2017,…
On April 4, the US Federal Trade Commission (FTC) approved a $43bn merger between Swiss chemical company Syngenta AG and China National Chemical Corp (ChemCorp). While Syngenta hailed the decision as a “major step” in the process, FTC approval carried the condition that each company must divest three types of pesticide: the herbicide paraquat, the…
