It was an unusual research project… Not one in 1,000 investment advisors or newsletter writers would ever consider it. My research partner and I read every shareholder letter issued by companies in the S&P 500 Index. I got the idea from billionaire superinvestor Warren Buffett. Several years ago, Buffett talked about a one-page fax he got from the CEO of a potential....More>>>
Toward the end of trading Tuesday, the Dow traded up 0.57 percent to 24,523.96 while the NASDAQ climbed 0.01 percent to 6,875.94. The S&P also rose, gaining 0.28 percent to 2,667.34.
Leading and Lagging Sectors
Tuesday afternoon, the telecommunication services sector proved to be a source of strength for the market. Leading the sector was strength from Zayo Group Holdings Inc....More>>>
Norfolk Southern Corp. (NSC) is up nearly 10% in Friday afternoon trading, following its upbeat first-quarter earnings.
Luke Sharrett/Bloomberg News
UBS analyst Thomas Wadewitz was so impressed with the quarter that he upgraded the shares from Neutral to Buy on the news, raising his price target from $84 to $102.
He writes that the strong report is especially encouraging,....More>>>
Oil futures set off on a positive start Monday as the first decline in U.S. oil-drilling activity since January gave the market a fresh tailwind after seven-consecutive sessions of price gains.
The drop in Baker Hughes weekly count, coming after a record 23-straight weeks of rising numbers of active rigs, helped stoke sentiment that shale producers may have hit a bottleneck amid prolonged....More>>>
Goldman Sachs recently upgraded Microsoft (NASDAQ:MSFT) to buy from neutral, and raised price target to $68 from $60. Goldman Sachs believes that Microsoft’s gross profit will grow at an accelerating pace and gross profit margin will improve due to Azure’s cloud opportunities.
Since profitability is a matter of managerial accounting and difficult to predict, I’m not sure....More>>>