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  1. Fly Intel: Wall Street's top stories...

    1 minute ago
    The Fly
  2. Inside Bannon's European Roadshow To...

    18 minutes ago
    Zero Hedge
  3. Fly Intel: Today's top analyst calls...

    29 minutes ago
    The Fly
  4. How Peter Thiel Made A Killing In Tilray

    37 minutes ago
    Zero Hedge
  5. Bond Bloodbath Continues As Stocks Are...

    about 1 hour ago
    Zero Hedge
  6. U.S.-Canada Nafta Deal "Unlikely" This...

    about 1 hour ago
    Zero Hedge
  7. AutoNation CEO Jackson to step down in...

    about 1 hour ago
    The Fly
  8. WTI Surges Above $70 After Crude...

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Trade Idea of the Day Presented by: The Fly

Fly Intel: Wall Street's top stories for Tuesday

Stocks opened in positive territory as investors breathed a sigh of relief that the new round of tariffs on China was not as bad as expected. The averages continued to tack on gains throughout the day in a broad-based advance. Oil prices moved up more than 1% as supply concerns remain with Iranian sanctions due to go... Read More

Treasury Yields Spike To 4-Month Highs, Real Yield Curve Inverts

Having failed to sustain above 3.00% yesterday, the lack of immediate and aggressive response from China has hyped risk appetite this morning and sent Treasury yields notably higher - breaking to the highest since May 23rd. Furthermore, expectations of additional China stimulus (talk of RRR cuts among other things) have also pushed yields higher. As Goldman notes, there are a number of levels to be aware of now between 3.007% and 3.056%. The two prior highs from June/August are up at 3.007-3.014% ...

Street Fight: Analysts diverge on Valvoline over Amazon concerns

On Monday, Seaport Global analyst Michael Harrison upgraded Valvoline (VVV) to Buy, saying last week's selloff was "overblown." The upgrade came after JPMorgan analyst Jeffrey Zekauskas on Friday downgraded Valvoline to Underweight on a report that Amazon (AMZN) had launched a private label motor oil called AmazonBasics Full Synthetic Motor Oil ...

Turkish Lira Plunges As Ankara Prepares Non-Performing Loan Bailout For Local Banks

Two days after the Turkish central bank shocked the market with a whopping 625bps rate hike, which helped the Turkish lira recoup some of its YTD losses, on Monday the Turkish currency suddenly tumbled in thin trading on what some attributed was a Reuters reports that Erdogan has asked authorities to scrutinize the board of a major local bank Isbank, with the president reportedly focusing on the role the main Turkish opposition party ...

Box Office Battle: 'The Predator' challenges 'The Nun' for the top spot

This weekend's major new film release is Fox's (FOXA) "The Predator," the fourth installment in the "Predator" action movie series, which is expected to top the weekend box office with a domestic gross of $29M-$30M. Also out this weekend is Lionsgate's (LGF.A) "A Simple Favor," a dramatic thriller starring Blake Lively and Anna Kendrick, which is expected to come in third place over the weekend, grossing about $17M. Warner Bros.' (T) "The Nun," which was ...

Wells Fargo recommends buying Micron, sees positive long-term trends

Ahead of Micron Technology's fiscal Q4 earnings release on September 20, Wells Fargo analyst Aaron Rakers maintains his below-consensus estimates for the company. While near-term trends in DRAM and NAND have weakened, this "overshadows a positive long-term secular trend," Rakers told investors last night in a pre-earnings research note. The analyst believes the "capex intensity and complexity" associated with next ...

Dollar, Yields Tumble As Consumer Price Growth Slumps, Disappoints

Consumer Price growth slowed dramatically in August, missing expectations by the most since May 2017 (following the first monthly drop in PPI since Jan 2017) sparking a drop in the dollar and bond yields. CPI slowed to 2.7% YoY versus expectations of a  2.8% rise. Core CPI seemed to hit the ceiling once again and slump. As once again the rise was dud to services prices. The moderation in the core CPI reflected a 1.6% drop in volatile apparel prices. Even so, the broader slowdown follows data showing a surprise drop in producer prices and suggests the path of inflation could be softer than expected ...

Deutsche Bank boosts AMD target, but says 'goodness' fully priced in

Deutsche Bank analyst Ross Seymore raised his price target for AMD (AMD) to $23 from $14 after hosting the company's CFO Devinder Kumar at his firm's 2018 Tech Conference. The chipmaker closed yesterday up 7%, or $2.11, to $32.21. The analyst found Kumar's comments to be positive, noting the company reiterated its product-specific growth drivers and share gain plans within the server, graphics, and PC markets ...

Stocks, Yuan Jump On Report Of New US-China Trade Talks

Once again, 'hope' is alive,  as US equities surge higher on headlines claim Washington is seeking a new round of trade-talks with China (just two weeks after the last heralded round of trade talks amounted to a nothing-burger but prompted panic-buying in stocks). According to The Wall Street Journal, the U.S. is reaching out to China for a new round of trade talks, in an effort to give Beijing another opportunity to address Washington’s concerns over trade issues before the Trump administration implements additional tariffs on Chinese imports, according to people briefed on the matter ...

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