Hangzhou, China-based eCommerce giant Alibaba reported impressive Q2 earnings. As I had predicted in my earnings preview, the company continued to show strong growth, delivering a beat on both top and bottom line expectations. Alibaba reported an EPS of $0.79 on revenues of $5.14 billion, against analysts’ consensus of an EPS $0.69 on revenue of $5.04 billion. And then on the Singles’....more>>>
Bank stocks posted one of the biggest rallies in years after Donald Trump was elected president of the United States and investors positioned for a new Republican consensus supporting increased fiscal spending, steepening the yield curve. A more normal bond market supports the top lines of banks, but the rally also reflects expectations that Trump will roll back regulations across the industry,....more>>>
After to plunging to a 30-year low, the Deutsche stock price has climbed 18.55% in the last five days.
But we don’t recommend buying in on this week’s Deutsche stock price rally…
Before we get into why we remain bearish on Deutsche Bank AG (NYSE: DB), here’s what has been driving shares so much higher this week…
Why the Deutsche Stock Price....more>>>
Stocks fell today in tandem with U.S. Treasury bonds, raising concerns that the market might not be able to withstand higher interest rates.
The S&P 500 fell 0.3% to 2,133.04 today, while the Dow Jones Industrial Average declined 29.65 points, or 0.2%, to 18,169.68. The Nasdaq Composite fell 0.7% to 5,215.97. 10-year Treausry notes fell as their yields rose to 1.843%,....more>>>
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Embattled retailer Pier 1 (NYSE:PIR) is set to report earnings later this week, and the report could not be of more importance for shareholders. The stock has continued to get hammered in the last several quarters, and going into the report is trading for just four bucks. This represents a tremendous loss of value for shareholders against just a year and a half ago, and....more>>>