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  1. GoPro falls after Morgan Stanley...

    19 minutes ago
    The Fly
  2. Fed Nominee Goodfriend Fears Bubbles...

    25 minutes ago
    Zero Hedge
  3. On The Fly: Top stock stories at midday

    43 minutes ago
    The Fly
  4. "Jaw-dropping" Text Message By FBI...

    about 1 hour ago
    Zero Hedge
  5. “The Monetary Fuel The Central Banks...

    about 1 hour ago
    Silver Doctors
  6. "Stupidest Damn Thing I've Ever Seen...

    about 1 hour ago
    Zero Hedge
  7. Cryptos Slide: "Is There Any New...

    about 2 hours ago
    Zero Hedge
  8. Tesla's CEO performance award tied to...

    about 2 hours ago
    The Fly

Trade Idea of the Day Presented by: The Fly

Netflix price target raised to $315 after earnings at Goldman Sachs

Goldman Sachs analyst Heath Terry raised his price target on Netflix shares to $315 from $250 following the company's earnings report, citing the significant upside to both subscriber additions in Q4 and guidance for membership in Q1... Read More

Government Shutdown: Economic Data Likely to be Delayed

In previous shutdowns, Government data from the BLS, BEA and Census Bureau were delayed. Data from the Federal Reserve was released on time. As an example, if the government shuts down, I expect New Home sales, durable goods and Q4 GDP to all be delayed next week. Unemployment claims will probably be released on time (and increase the following week due to the shutdown). The following week, the key report that will probably be delayed is the employment report for January...

On The Fly: Top stock stories at midday

Stocks opened with minor gains but soon turned mixed, with the Dow lagging due to post-earnings slides in IBM (IBM) and American Express (AXP) along with continued weakness in General Electric (GE). Also weighing on the market, though to a lesser degree, is the potential shutdown of the U.S. government due to the lack of a funding deal. ECONOMIC EVENTS: In the U.S., the University of Michigan consumer sentiment index fell to a 6-month low of 94.4 in the preliminary January report...

Merrill: "Are the stars aligning for wage growth?"

A few excerpts from an article by Merrill Lynch economist Joseph Song: Are the stars aligning for wage growth? One of the puzzles and disappointments of 2017 was the lack of better wage growth. Average hourly earnings started the year growing around 2.5% yoy but ended the year where it started, despite the unemployment rate falling 0.6pp over the course of the year. While we have yet to receive the 4Q reading for ECI, the same story played...

Unknown BTCY May Have Big Upside Ahead of Likely Near-Term FDA Approval

- Health care as an industry will only continue to grow and offers an exceptional place to invest. Drug stocks face a historically high chance of failure, but medical devices are an attractive addition for investors wanting exposure to this booming market, up 440% over last few years. - Biotricity (BTCY) just received FDA clearance for a new cardiomonitoring device and will be launching the product this year into a multi-billion dollar market with just a few...

WTI/RBOB Jump After Biggest Cushing Stock Draw On Record

Ahead of the DOE dats, Bloomberg noted the market's anxiety: A ninth-consecutive crude draw would be helpful, but a tenth consecutive weekly gasoline build would not. And a fifth straight distillate build would add more bearish sentiment. Survey data already see sizable builds in both product categories, and figures coming in showing larger builds could have bulls questioning the insanely long positioning of the crude market. API Crude -5.121mm (-3.15mm exp) Cushing -3.936mm (2.5mm exp) Gasoline +1.782mm Distillates +609k... DOE Crude -6.86mm (-3.15mm exp)...

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Walmart (WMT) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Matthew Fassler saying selling consumables to middle-income consumers in small markets remains a compelling strategic position. 2. Hertz (HTZ) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying he is more bullish on 2018 rental car pricing given fleet cutting by Enterprise, the positive impact on corporate travel from tax reform, and the potential US infrastructure bill creating excess demand...

OPEC Oil Production Rose In December Despite Plunge In Venezuela Output

In its latest monthly report, OPEC announced that according to secondary sources, December oil production by the cartel rose by 42.4kbpd from November to 32.416mmbpd, if 144kbpd below October's 32.56mmbpd level, and just below the mandated production ceiling of 32.5mmbpd. While the biggest producer Saudi Arabia saw its output dip by 11kbpd to 9.918mmbpd, it was Venezuela's production that tumbled by nearly 5%, or 82.2kbpd, to 1.745mmbpd, and is rapidly becoming the biggest swing factor in rising oil prices. The decline was offset by a jump in Nigerian oil production...

Apple announces new U.S. investments, sees $38B of repatriation taxes

Apple announced a new set of investments "to build on its commitment to support the American economy and its workforce," concentrated in three areas: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fueling the app economy. Apple said in a statement that it is already responsible for creating and supporting over 2M jobs across the United States. It expects "to generate even more jobs as a result of the initiatives being announced today." Combining new investments and Apple's current pace of spending with domestic suppliers and...

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