Economic Outlook

U.S. Airlines Are Flying High After 10th Straight Year Of Profitability

Posted by Frank Holmes

on Thursday, 31 January 2019 7:52

Domestic airlines weren’t exempt from the rout that hit stocks in December, the market’s worst month since the Great Recession. Shares of all four major U.S. carriers—American, Delta, United Continental and Southwest—saw double-digit losses. Delta ended December down 17.8 percent, its worst month since October 2009, when it gave back 20.3 percent….CLICK for complete article

Investors Anxious Ahead Of Big Week

Posted by Josh Owens

on Tuesday, 29 January 2019 5:34

Markets down at start of big week. U.S. stocks opened up in the red on Monday due to investor anxiety over a range of issues. There are a lot of data releases and key events coming up this week, including another round of U.S.-China trade talks, guidance from both the U.S. Federal Reserve and the European Central Bank, jobs figures from the U.S., a key Brexit vote and manufacturing data from China. “Politics is an important driver for markets right now,” Ann-Katrin Petersen, investment strategist at Allianz Global investors, told the Wall Street Journal. “More volatility is in store for markets especially given the slower growth outlook for the global economy.” CLICK for complete article

Morgan Stanley Upgrades Walmart, Says Premium Valuation Is Justified

Posted by Jayson Derrick

on Wednesday, 23 January 2019 9:11

Gutman said over the past five years, Walmart’s U.S. EBIT contracted on average by 52 basis points but management’s dedication towards cost control, expense leverage, stopping all store expansions, zero-based budgeting, and moderating e-commerce dilution will help U.S. EBIT margins expand by one basis points. EBIT can expand without the need for the company to give up its reputation of offering customers low prices and a high level of convenience….CLICK for complete article

Netflix Receives Its First Best Picture Oscar Nomination For ‘Roma’

Posted by Jayson Derrick

on Tuesday, 22 January 2019 9:01

Netflix is no stranger to Academy Award nominations, but the film — which follows the life of a live-in housekeeper to a middle-class family in Mexico — is the company’s first chance at bringing home the top prize. Netflix is up against a strong competitor in “Black Panther,” which was the highest grossing film in North America in 2018 with more than $700 million in ticket sales….CLICK for complete article

Canopy Growth Snags New York Industrial Hemp License, Plans To Invest As Much As $150M

Posted by Brett Herschman

on Tuesday, 15 January 2019 5:35

Canopy Growth Corp shares were surging Monday after the company received a license from the state of New York to process and produce hemp.

The Canadian company plans to establish a hemp industrial park in New York with large-scale production capabilities focused on hemp extraction and product manufacturing.

Depending on site approval, Canopy Growth said it  plans to invest between $100 million and $150 million in its New York operations and create roughly 400 new jobs…. CLICK for complete article