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The Channel

  1. Before The Recession Has Officially...

    about 1 hour ago
    Silver Doctors
  2. The Difference Between Prepping and...

    about 3 hours ago
    Silver Doctors
  3. Thursday: New Home Sales, Unemployment...

    about 3 hours ago
    Calculated Risk
  4. Fly Intel: After Hours Movers

    about 3 hours ago
    The Fly
  5. Clive Maund: Silver Looking Weaker...

    about 4 hours ago
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  6. Diving Into The Close

    about 5 hours ago
    Ulli... The ETF Bully
  7. Fly Intel: Wall Street's top stories...

    about 6 hours ago
    The Fly
  8. MILLIONS OF AMERICANS ON EDGE: ONE...

    about 6 hours ago
    Silver Doctors

Trade Idea of the Day Presented by: The Fly

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kroger (KR) upgraded to Outperform from Market Perform at Bernstein with analyst Brandon Fletcher saying its market valuation has had a tough start this year and that he believes it is at a level where short-term and long-term... Read More

Chemical Activity Barometer Increased Slightly in May

From the American Chemistry Council: Chemical Activity Barometer Shows Third Monthly Gain in May. The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 0.4 percent in May on a three-month moving average (3MMA) basis, the third monthly gain after several weak months. On a year-over-year (Y/Y) basis, the barometer is up 0.5 percent (3MMA). "Year-earlier comparisons have turned positive in recent months, and while trade tensions, slowing economic growth overseas, and soft economic reports in the U.S. have created uncertainty that has weighed on business investment, the CAB signals gains in U.S. commercial and industrial activity through mid-2019, albeit at a moderate pace,” said Kevin Swift, chief economist at ACC...

Comments on April Existing Home Sales

Earlier: NAR: Existing-Home Sales Decreased to 5.19 million in April A few key points: 1) The key for housing - and the overall economy - is new home sales, single family housing starts and overall residential investment. Overall, this is still a somewhat reasonable level for existing home sales. No worries. 2) Inventory is still low, and was only up 1.7% year-over-year (YoY) in April. This was the ninth consecutive month with a year-over-year increase in inventory, although the YoY increase was smaller in April than in the six previous months. 3) Year-to-date sales are down about 4.9% compared to the same period in 2018. On an annual basis, that would put sales around 5.1 million in 2019. Sales slumped at the end of and in January 2019 due to higher mortgage rates...

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. KKR (KKR) downgraded to Neutral from Outperform at Credit Suisse analyst Craig Siegenthaler citing a lower relative 12-month total return forecast and following the stock's 25%-30% total return year to date. 2. Ocular Therapeutix (OCUL) downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at Cowen. 3. CAE (CAE) downgraded to Market Perform from Outperform at BMO Capital and to Hold from Buy citing "limited potential returns." 4. Tremont Mortgage Trust (TRMT) downgraded to Neutral from Buy at UBS with analyst Brock Vandervliet saying last week's surprising capital raise has eroded shareholder value. 5. Carlyle Group (CG) downgraded to Neutral from Outperform at Credit Suisse with analyst...

U.S. CBD market could grow to $15B in five years, says Piper Jaffray

The FDA's previous decision that red yeast rice is an acceptable dietary supplement with naturally occurring levels of Monacolin K may set precedent for full spectrum or broad spectrum hemp extract that contains cannabidiol, or CBD, Piper Jaffray analyst Michael Lavery tells investors in a research note. However, CBD is the active ingredient in FDA-approved Epidiolex, which complicates its regulatory treatment, the analyst adds. He notes that because CBD is in an approved drug, the FDA rules do not allow it to be marketed as a dietary supplement. Nonetheless, given the red yeast rice precedent, the analyst "would logically expect" the FDA to allow products with hemp extract to be marketed as over-the-counter dietary...

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Dynamics (GD) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak saying the valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges. 2. Target (TGT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman citing his view that the 15% pullback in the stock over the past month leaves less near-term downside and that the company "appears to be past peak margin pain." 3. NeoPhotonics (NPTN) upgraded to Buy from Neutral at B. Riley FBR with analyst David Kang saying the company's exposure to Huawei has been "de-risked" following the recent selloff in the shares. 4. United Continental (UAL) upgraded to Overweight from...

Chicago Fed "Index Points to Slower Economic Growth in April"

From the Chicago Fed: Index Points to Slower Economic Growth in AprilLed by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March. Three of the four broad categories of indicators that make up the index decreased from March, and two of the four categories made negative contributions to the index in April. The index’s three-month moving average, CFNAI-MA3, moved down to –0.32 in April from –0.24 in March. This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967. This suggests economic activity was below the historical trend in April (using the three-month average). According to the Chicago Fed: The index is a weighted average of...

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Camping World (CWH) downgraded to Sector Weight from Overweight at KeyBanc with analyst Bret Andress saying the RV industry is performing about as expected, but higher fixed costs and an "uninspiring" Gander trajectory are likely to result in further downside to estimates. 2. Wolverine World Wide (WWW) downgraded to Hold from Buy at Argus with analyst John Staszak saying that spending on footwear will still grow over the longer term as consumer confidence improves and points to the company cutting of expenses and "pruning" of underperforming brands, but also sees the gains derived from these efforts as being reflected in Wolverine World Wide stock price. 3. NeoPhotonics (NPTN) downgraded to Neutral from Buy at MKM Partners and to Hold...

Fly Intel: Pre-market Movers

HIGHER: Cray (CRAY), up 16% after the company announced an agreement under which Hewlett Packard Enterprise (HPE) will acquire it for $35 per share in cash, in a transaction valued at approximately $1.3B, net of cash... Under Armour (UAA), up 3% after JPMorgan analyst Matthew Boss upgraded the stock to Overweight from Neutral and raised his price target for the shares to $29 from $23. After meeting with management including CEO Kevin Plank, Boss says the clear tone from the top was "controlled confidence" in the brand direction with "disciplined" fiscal 2020 global top- and bottom-line growth acceleration. Achillion (ACHN), up 10% after announcing interim data from a Phase 2 paroxysmal nocturnal hemoglobinuria trial assessing the safety and effectiveness of its oral small...

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