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The Channel

  1. On The Fly: Top stock stories at midday

    19 minutes ago
    The Fly
  2. These Are The Top 50 Hedge Fund Long...

    20 minutes ago
    Zero Hedge
  3. Gundlach sees three rates hikes this...

    44 minutes ago
    The Fly
  4. Trump Slams "Coward" Deputy For Not...

    about 1 hour ago
    Zero Hedge
  5. BofA Revises 10Y Forecast To 3.25...

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    Zero Hedge
  6. The FBI Is Corrupt And Incompetent ...

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  7. The Intersection: Crypto and Wall...

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  8. House Prices: NAR Median Prices vs...

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    Calculated Risk

Trade Idea of the Day Presented by: The Fly

Wells Fargo downgrades Macquarie Infrastructure despite 41% pullback yesterday

Wells Fargo analyst Jonathan Reeder downgraded Macquarie Infrastructure to Market Perform from Outperform and cut his price target for the shares to $45 from $80. The stock closed yesterday down 41%, or $26.21, to $37.41. The analyst says he struggles to come up with a near- or even... Read More

WTI/RBOB Jump After DOE Confirms Surprise Crude Draw, Production Slows

Following last night's surprise crude draw (from API), and USD weakness, WTI/RBOB rallied overnight, but faded into the DOE data. However, as DOE confirmed API's reported surprise crude draw (-1.616mm) and production slipped very modestly, prices jumped. API Crude -907k (+2.9mm exp) Cushing -2.644mm Gasoline +1.644mm Distillates -3.563mm DOE Crude -1.616mm (+2.35mm exp) Cushing -2.664mm Gasoline +261k (+742k exp) Distillates -2.422mm (-1.1mm 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. Palo Alto Networks (PANW) upgraded to Buy from Neutral at Cleveland Research with the firm saying it's channel partner checks indicate favorable revenue/billings growth in the low-20% range, versus high teens previously, and the product refresh could be a source of upside with increased hardware growth. 2. Verisk Analytics (VRSK) upgraded to Overweight from Neutral...

Why The Next Oil Boom Will Be Fueled By Blockchain

Big Oil is due for a disruption. The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy...

AIA: "Architecture billings continue growth into 2018"

2018 started on a strong note for architecture firms, as the Architecture Billings Index (ABI) saw its highest January score since 2007. The American Institute of Architects (AIA) reported the January ABI score was 54.7, up from a score of 52.8 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.1, down from a reading of 62.0 the previous month...

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Capital One (COF) downgraded to Neutral from Buy at Nomura Instinet with analyst Bill Carcache saying he believes the benefit of improving credit is now fully discounted in the shares and he sees "little room" for positive earnings revisions given the company's slowing sales growth. 2. Lionsgate (LGF.A, LGF.B) downgraded to Market Perform from Outperform at Bernstein...

NAR: "Existing-Home Sales Slip 3.2 Percent in January"

Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, sank 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million from a downwardly...

Goldman: Despite Record Drop In Equity Net Longs, Most Of Our Clients Remain Long Stocks

Following last week's hotter than expected CPI print, the market now fully discounts a hike in March, although as Goldman adds, not nearly enough, and the "hawkish" bank expects "further repricing of Fed hike expectations and term premium will be needed both this year and next." Commenting on recent moves, Goldman's Ian Wright notes that amid the bond sell-off and recent correction, "we continue to be asked how high bond yields can go and how well equities can digest them." In response, the strategist points out what we discussed ...

MiMedx sinks 21% after announcing internal investigation into sales practices

Shares of MiMedx are sinking after the company delated its Q4 results to conduct an internal investigation. The biopharmaceutical company said earlier that its Audit Committee has engaged independent legal and accounting advisors to conduct an internal investigation into current and prior-period matters relating to allegations regarding certain sales and distribution practices. Company executives are also reviewing, among other items, the accounting treatment of certain distributor contracts. MiMedx believes, however, that based on information available to date, the "outcome of...

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