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The Channel

  1. British Democracy Is Dysfunctional

    about 1 hour ago
    Zero Hedge
  2. Turkish President Erdogan Blasts The...

    about 2 hours ago
    Zero Hedge
  3. Merkel Caught In Energy Conundrum Over...

    about 2 hours ago
    Zero Hedge
  4. 70% Of Taiwanese "Willing To Fight...

    about 3 hours ago
    Zero Hedge
  5. The Great Game Comes To Syria

    about 4 hours ago
    Zero Hedge
  6. Ranked: The Best And Worst State...

    about 5 hours ago
    Zero Hedge
  7. The Pension Crisis Gets A Catchy Name...

    about 5 hours ago
    Silver Doctors
  8. New Zealand Braces For "Super...

    about 5 hours ago
    Zero Hedge

Trade Idea of the Day Presented by: The Fly

Wabtec upgraded to Buy on potential for transfomative GE deal at Stifel

As previously reported, Stifel analyst Michael Baudendistel upgraded Wabtec (WAB) to Buy from Hold after Bloomberg reported that the company was in discussions to acquire GE Transportation from General Electric (GE). While he said he does "not profess to know which strategic alternative for GE... Read More

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...

Chicago Fed "Index points to a moderation in economic growth in March"

Led by slower growth in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.10 in March from +0.98 in February. Three of the four broad categories of indicators that make up the index decreased from February, but two of the four categories made positive contributions to the index in March. The index’s three-month moving average, CFNAI-MA3, decreased to +0.27 in March from +0.31 in February. This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967...

Oil Is Breaking Out, So Are Inflation Expectations

After spending the last four months consolidating gains, crude oil is breaking higher again... The break higher in crude isn’t surprising given that oil fundamentals haven’t been this good in years. Neither is the break higher in inflation, which we expect to tend towards 3% over the coming quarters for headline CPI and 2.5% for core CPI. The two are related, of course, to the extent that rising oil prices feed into inflation. Still, it’s helpful for investors to receive confirmatory signals from multiple asset classes of a particular outcome, in this case rising oil prices and higher inflation...

Comcast, Charter announce mobile operating platform partnership

Comcast (CMCSA, CMCSK) and Charter (CHTR) announced that the two companies have formed a 50/50 operating platform partnership focused on the development and design of backend systems that support Comcast's Xfinity Mobile and Charter's Spectrum Mobile service. The new partnership is the result of the continuing collaboration between Comcast and Charter in the mobile space, as each company continues to develop their respective mobile brands, products, and services. Through the agreement, Charter and Comcast will work...

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Buy from Neutral at MKM Partners with analyst Rob Sanderson telling investors that the service is "here to stay," citing its rebounding user growth and continued turnaround progress. 2. Macerich (MAC) upgraded to Outperform from Market Perform at BMO Capital and to Buy from Neutral at Mizuho. 3. Home Bancshares (HOMB) upgraded to Buy from Hold at Sandler O'Neill and to Outperform from Market Perform at Fig Partners. 4. UGI Corporation (UGI) upgraded to...

Benchmark sees Activision Blizzard guidance affected by 'Fortnite'

Shares of Activision Blizzard (ATVI) were trading lower after an analyst from Benchmark said he expects the game maker to report strong first quarter earnings followed by disappointing second quarter guidance. BENCHMARK KEEPS BUY: In a research note to investors, Benchmark analyst Mike Hickey maintained a Buy rating and $80 price target on Activision Blizzard, saying he expects the company to report "strong" Q1 results on Thursday, May 3, followed by "disappointing" Q2 guidance while reiterating their fiscal 2018 performance view. Hickey said that the game giant's Q2 outlook will likely reflect caution over the rise of so-called battle...

Black Knight: National Mortgage Delinquency Rate Decreased in March

From Black Knight: Black Knight’s First Look: Hurricane Impact Lingers, Drives Up Foreclosure Starts as Moratoria Lift; National Delinquencies Fall to 12-Month Low • Seasonal effects and continued hurricane-related improvements contributed to a 13 percent decline in the national delinquency rate in March • Nationally, there was a decline of 65,000 in serious delinquencies (90 or more days past due but not yet in foreclosure) • Serious delinquencies attributable to Hurricanes Harvey and Irma saw a reduction of 19,500 loans • However, as the hurricane impact shifts away...

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