27 August, 2015 by The TZ Newswire Staff Comments Off on US Q2 GDP data: "Not a lot here for people to moan about" & more bank responses
US Q2 GDP data: "Not a lot here for people to moan about" & more bank responses
Ryan had the Q2 US GDP revisions posted during our overnight
Briefly, it’s a very positive story:
– US Q2 GDP 1st revision 3.7% vs 3.2% expected (q/q annualized)
More at Ryan’s post, including my favourite bit of analysis on the whole thing: “”
27 August, 2015 by The TZ Newswire Staff Comments Off on A Solid Follow Through Day
A Solid Follow Through Day
Kind of how many of us felt this last couple of weeks ^^
Stocks soared for the second day in a row, with the Dow 30 erasing its losses for the week, as renewed optimism about the U.S. economy eased concerns about the pace of global growth.
27 August, 2015 by The TZ Newswire Staff Comments Off on Rally in hand, traders eye data
Rally in hand, traders eye data
As stocks attempt to hold the bounce, the Street will get another look at some of the factors the Fed is eyeing.
27 August, 2015 by The TZ Newswire Staff Comments Off on 1 billion people used Facebook on Monday
1 billion people used Facebook on Monday
Talk about a social network: Almost one out of every seven people on Earth used Facebook on Monday.
27 August, 2015 by The TZ Newswire Staff Comments Off on Freeport-McMoran jumps as Icahn reveals 8.5% stake
Freeport-McMoran jumps as Icahn reveals 8.5% stake
Activist investor Carl Icahn disclosed an 8.5 percent stake in miner Freeport-McMoran Inc, saying the company was undervalued and needed to address several corporate governance and capital issues. In a filing with the U.S. Securities and Exchange Commission, the billionaire investor said he intends to speak with Freeport’s management and board and may seek board representation. The disclosure came on the same day that Freeport said it would slash its mining budget by 25 percent and cut 10 percent of its U.S. mine staff, as the miner and energy producer suffers through a slump in copper prices.
27 August, 2015 by The TZ Newswire Staff Comments Off on Presidential candidates weigh in on market swings
Presidential candidates weigh in on market swings
Candidates have chimed in the market swings, but two political veterans don’t think they had any brilliant insights.
27 August, 2015 by The TZ Newswire Staff Comments Off on These Three Little-Known Banks Are Delivering Growth
These Three Little-Known Banks Are Delivering Growth
Thursday’s Spotlight screen showed three stocks from the southeast regional banking industry group, which ranked a solid No. 14 out of IBD’s 197 groups. The group has a healthy list of highly rated stocks, but many are thinly traded. All three Spotlight names have market caps under $1 billion and trade fewer than 200,000 shares a day. Fidelity Southern (LION) is rebounding from a test of support at its 50-day moving average.