Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

The Channel

  1. Chipotle upgraded to Buy from Neutral...

    2 minutes ago
    The Fly
  2. Kanye West And The Utopia Trap

    39 minutes ago
    Zero Hedge
  3. Don't Show President Trump This Chart!

    about 1 hour ago
    Zero Hedge
  4. Iran Bans Crypto Amid Currency Crisis

    about 2 hours ago
    Zero Hedge
  5. ECB Preview: Don't Expect Fireworks

    about 3 hours ago
    Zero Hedge
  6. Germany: Migrant Crisis Delusions

    about 4 hours ago
    Zero Hedge
  7. Iranian Naval Commander Threatens To...

    about 5 hours ago
    Zero Hedge
  8. Joy Reid Says Old Homophobic Blog...

    about 6 hours ago
    Zero Hedge

Trade Idea of the Day Presented by: The Fly

Alphabet upgraded to Buy after post-earnings pullback at Stifel

As previously reported, Stifel analyst Scott Devitt upgraded Alphabet (GOOGL) to Buy from Hold, stating that he is increasingly comfortable with Alphabet's positioning in digital media relative to Facebook (FB)given Alphabet's private relationship with consumers and the high utility and durability... Read More

General Motors adds third shift at Spring Hill Assembly to meet demand

As a result of increased market demand for the GMC Acadia and Cadillac XT5 crossovers, General Motors announced it would add a third production shift at its Spring Hill Manufacturing plant. The third shift is expected to begin production in September 2018. GM says: "The GMC Acadia and Cadillac XT5 both continue to show strong performance in the highly competitive crossover segment. GMC Acadia retail sales were up more than 15% for the first quarter of 2018 on a year-over-year basis - and total...

Philly Fed: State Coincident Indexes increased in 47 states in March

The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2018. Over the past three months, the indexes increased in 49 states and decreased in one, for a three-month diffusion index of 96. In the past month, the indexes increased in 47 states, decreased in one, and remained stable in two, for a one-month diffusion index of 92. emphasis added...

Breakthrough Innovations Reshaping Recreational and Medicinal Cannabis Offerings

With cannabis legalization around the corner in Canada, coming in the months ahead, many of the brightest minds in the fields of horticulture and pharma are flocking to the sector to offer their hand at game-changing offerings for tomorrow’s consumers, complete with novel delivery methods that were unthinkable in years past. R&D is ramping up, as the sector prepares to employ more people than the US...

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Boeing (BA), consensus $2.58... Comcast (CMCSA), consensus 59c... Thermo Fisher Scientific (TMO), consensus $2.40... General Dynamics (GD), consensus $2.52... Northrop Grumman (NOC), consensus $3.63... Anthem (ANTM), consensus $4.91... Norfolk Southern (NSC), consensus $1.79... Boston Scientific (BSX), consensus 32c... Sirius XM (SIRI), consensus 5c... T. Rowe Price (TROW), consensus $1.71... Twitter (TWTR), consensus 11c... Rockwell Automation (ROK)...

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Hasbro (HAS) upgraded to Buy from Neutral at Monness Crespi with analyst Jim Chartier saying The Toys "R" Us liquidation has created a buying opportunity for Hasbro shares which are down 10% since the end of February. 2. BP (BP) upgraded to Buy from Neutral at Goldman Sachs with analyst Michele Della Vigna saying free cash flow growth and improving returns make BP an attractive turnaround story. 3. Volaris (VLRS) upgraded to Overweight from Equal Weight at Morgan Stanley...

Housing Inventory Tracking

Update: Watching existing home "for sale" inventory is very helpful. As an example, the increase in inventory in late 2005 helped me call the top for housing. And the decrease in inventory eventually helped me correctly call the bottom for house prices in early 2012, see: The Housing Bottom is Here. And in 2015, it appeared the inventory build in several markets was ending, and that boosted price increases. I don't have a crystal ball, but watching inventory helps understand the housing market. Here is a table from housing economist Tom Lawler showing the year-over-year (YoY) change for...

A Few Comments on March Existing Home Sales

Earlier: NAR: "Existing-Home Sales Climb 1.1 Percent in March" A few key points: 1) As usual, housing economist Tom Lawler's forecast was closer to the NAR report than the consensus. See: Lawler: Early Read on Existing Home Sales in March. 2) Inventory is still very low and falling year-over-year (down 7.2% year-over-year in March). More inventory would probably mean smaller price increases, and less inventory somewhat larger price increases. This was the 34th consecutive month with a year-over-year decline in inventory...

CRISPR stocks slide after Merck KGaA gets patent in China

Merck KGaA (MKGAY) of Germany announced that the Chinese Patent Office has issued a notice granting a patent application for the company's CRISPR technology used in a genomic-integration method for eukaryotic cells. This forthcoming patent in China covers chromosomal integration, or cutting of the chromosomal sequence of eukaryotic cells, such as mammalian and plant cells, and insertion of an external or donor DNA sequence into those cells using CRISPR...

Recent Tweets @InvestChannel

Follow Us on Twitter