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The Channel

  1. Key Events In The Coming Week: All...

    14 minutes ago
    Zero Hedge
  2. Empire Fed Plunges Most Since Brexit...

    5 minutes ago
    Zero Hedge
  3. From the NY Fed: Manufacturing...

    1 minute ago
    Calculated Risk
  4. Bausch Health talc worries appear...

    1 minute ago
    The Fly
  5. Vertex CFO Thomas Graney resigned last...

    3 minutes ago
    The Fly
  6. This Is The Prison Where Michael Cohen...

    14 minutes ago
    Zero Hedge
  7. NASA Scientist May Help Sustain...

    22 minutes ago
    Baystreet.ca
  8. BofA/Merrill downgrades Best Buy to...

    22 minutes ago
    The Fly

Trade Idea of the Day Presented by: The Fly

Fly Intel: Top five weekend stock stories

In addition, Incyte will be eligible to receive up to $129M in potential development and regulatory milestones, and up to $202.5M in potential commercial milestones. Incyte will also be eligible to receive tiered royalties from the high teens to the low twenties on future sales of products resulting from the... Read More

US Manufacturing Output Disappoints, Stagnates For 2nd Month In A Row

On the heels of the dramatic slowdown in Chinese output, and after slowing in September and October, US Industrial Production was expected to rebound modestly in November and it did (but don't get too excited yet). The headline industrial production print rose 0.6% MoM (well above the 0.3% rise expected and a notable bounce back from the downwardly revised 0.2% drop in October). However, the gains were dominated by a surge in Utilities... (Utility output jumped 3.3 percent after rising 0.2 percent the prior month), as Manufacturing growth stalled for the second month in a row. Bloomberg notes that excluding autos, manufacturing output stagnated for the second time in three months...

Customs Officers Snooping Through More Travelers' Electronic Devices Than Ever

US Customs and Border Protection officers are snooping through the contents of more travelers' electronic devices than ever, and don't follow protocol 67% of the time, according to a new report by the Department of Homeland Security's internal watchdog. The department's Inspector General found that there were 29,000 devices searched during "secondary" inspections in 2017 out of 397 million travelers, up from 18,400 searches the previous year on 390 million travelers - less than one percent of all people entering the United States...

Toyota to recall roughly 133,700 vehicles in two separate recalls

Toyota announced that it is conducting two separate safety recalls involving certain Toyota Tacoma, Land Cruiser and Lexus LX570 vehicles. The safety recalls involve certain 2018-2019 Model Year Tacomas, 2008-2019 Model Year Land Cruisers and 2008-2019 Model Year Lexus LX570 vehicles in the United States, the company said. Approximately 89,700 vehicles are involved in the Land Cruiser and LX570 recall. The front passenger occupant classification system has a seatbelt tension sensor that could malfunction over time and could cause the airbag warning light and the passenger airbag "OFF" indicator to illuminate. In addition, the front passenger airbag, knee airbag, and the passenger seat-mounted side...

Euro Slides As Draghi Warns Of "Downside Risks"; Cuts GDP, Inflation Forecasts

As expected, Mario Draghi managed to deliver yet another dovish "end of QE", because while in less than three weeks the European Central Bank will no longer engage in government bond QE (although it will reinvest maturities for an "unspecified" period of time), the reason the Euro tumbled is that, as previewed overnight by Bloomberg, Draghi not only uttered the magic, for algos, words that the "balance of risks is moving to the downside", but also cut both the ECB's GDP and inflation forecasts. This is the sentence that pushed the Euro lower at first: “Risks surrounding the euro area growth outlook can still be assessed as broadly balanced....

j2 Global mentioned cautiously in new GlassHouse Research short report

GlassHouse Research has published an initiation report on j2 Global (JCOM) with a 64% downside target. Using its Twitter account, GlassHouse claimed that there are a "myriad of accounting red flags regarding its negative organic revenue growth and suspect acquisition accounting combined with a lack of accounting experience in key positions." GLASSHOUSE SEES 64% DOWNSIDE AHEAD: In a report published on Wednesday, GlassHouse initiated j2 Global with a target price of $24.77, saying the company "uses a myriad of acquisitions to conceal non-reported organic declines and stagnant earnings." "(j2 Global's) continued use of acquisitions concurrent with declining ROIC and organic growth will cause its demise," the report read...

WTI Tumbles After Surprisingly Small Crude Draw

Having surged overnight on the heels of a huge API-reported crude draw (don't forget the seasonal incentive to lower taxable inventories), WTI Crude has quickly faded back this morning (despite dollar weakness) as OPEC dats this morning suggests a deeper supply cut may be needed in late 2019 to balance world markets. As Bloomberg notes, even if OPEC cuts as planned, a surplus will re-emerge in late 2019. Traders remain concerned that record American oil production and shaky fuel consumption could foment a new glut. “The agreed production cuts will not be enough to ensure sustained and immediate recovery in oil prices,” consultants at Oslo-based Rystad Energy ASsaid...

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pfizer (PFE) downgraded to Neutral from Overweight at JPMorgan with analyst Christopher Schott citing valuation. 2. Splunk (SPLK) resumed with a Neutral from Buy at Guggenheim with analyst Imtiaz Koujalgi saying while the company's fundamentals are strong, he's "looking for more clarity." 3. CalAmp (CAMP) downgraded to Outperform from Strong Buy at First Analysis and to Market Perform from Outperform at Northland. 4. Acorda Therapeutics (ACOR) downgraded to Sell from Neutral at Goldman Sachs with analyst Salveen Richter saying the commercial outlook for Inbrija appears limited. 5. Versum Materials (VSM) downgraded to Sell from Neutral at Goldman Sachs with analyst Toshiya Hari saying while he remains constructive on the Semiconductor Materials sub-sector broadly...

Artificial Intelligence May Hold the Secret to Supercharging the World’s Logistics Business

Stock market volatility has sent investors on a dizzying spin of late, caused in large part by concerns over the current global trade environment. However, if there's any silver lining on the horizon, it's that the quiet technological revolution taking over the logistics industry could counteract the potential effects of rising tariffs on the global economy. This change is being led by solutions providers such as Descartes Systems (TSX:DSG) (NASDAQ:DSGX), Drone Delivery Canada Corp. (TSXV:FLT) (OTC:TAKOF), USA Truck, Inc. (NASDAQ:USAK), Marten Transport Ltd. (NASDAQ:MRTN) and LiteLink Technologies (CSE:LLT), all of whom sit on the leading edge of innovative supply chain offerings...

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