How Will Earnings Quality Issues Impact The Company’s Share Price?
Given that Gradient Analytics’ research is primarily focused on forensic accounting, this common client question falls into our sweet spot. However, the link between earnings quality concerns and share price underperformance can be difficult to assess for two reasons: Investors and sell-side analysts tend to focus their attention on the income statement, but there is […]
Missouri AG Hawley Targets Mallinckrodt’s Opioid Sales
The United States has an opioid epidemic and drug manufacturers like Mallincikrodt (MNK) are right in the middle of it. Last week Missouri Attorney General Josh Hawley expanded its opioid marketing investigation to seven companies, including Mallinckrodt: Missouri Attorney General Josh Hawley continues to widen his investigation of opioid manufacturers, today announcing the issuance of […]
Bear Of The Day: Gibraltar Industries (ROCK)
Gibraltar Industries (ROCK – Free Report) is a stock that I really like… so why would I profile it on a the Bear of the Day? I see the stock recently beat, so this is a good opportunity to explain why it is a Zacks Rank #5 (Strong Sell) and also look forward for future opportunities. Great Ticker Before […]
Trump’s Historic Opportunity With The Federal Reserve
Today, Stanley Fischer submitted his letter of resignation from the Federal Reserve’s Board of Governors, effective next month, the second such resignation of Donald Trump’s presidency. While Fischer’s term as Vice Chairman of the Fed was set to end next year, he had the ability to serve as a governor through 2020. Along with Trump’s […]
Rise In Jobless Claims Surprises No One (Except Economists)
Jobless claims surged higher this week, rising from 236K up to 298K in what was the largest one week increase since November 2012 in the aftermath of Superstorm Sandy. Given the complete halt to business activity in the Houston region as a result of Hurricane Harvey, this increase should have surprised nobody. As we noted […]
Jobless Claims Spike Most Since 2005 Amid Harvey Hangover
Initial jobless claims spiked 62k last week – thanks to a 51k surge in Texas – as the impact of Hurricane Harvey ripples (transitorily) through economic data. This 26% spike in claims is the largest since 2005 (and biggest absolute rise since 2012). The 298k print is the highest since April 2015. The results are among the first […]
Weekly Unemployment Claims: Up 62K, Affected By Hurricane Harvey
Here is the opening statement from the Department of Labor: In the week ending September 2, the advance figure for seasonally adjusted initial claims was 298,000, an increase of 62,000 from the previous week’s unrevised level of 236,000. This is the highest level for initial claims since April 18, 2015 when it was 298,000. The […]
HH Hurricane Pain
Almost all global markets seem to be transfixed on Hurricane Irma that could wallop Florida with an unprecedented and merciless blow and have an impact on many lives as well as the U.S. and global economy. Fox News reported that France’s interior minister on Thursday said the category 5 storm killed at least eight and […]
Trump And International Finance
Written by Joseph Joyce International trade and immigration were flashpoints of Donald Trump’s presidential campaign, and in his first year he has shown that he intends to fulfill his promises to slow down the movements of goods and people. Last month negotiations over NAFTA began with Canada and Mexico, with the U.S. trade representative Robert Lighthizer announcing that […]
Dollar Drop Accelerates As Fed Uncertainty Weighs
Ok, so as Bloomberg notes, markets were “slightly disjointed overnight with various factors driving individual assets,” but you do want to keep an eye on the dollar here because it looks like the Cohn news combined with Stanley Fischer’s resignation is weighing on the greenback. Despite the fact that, as ISI writes in a note, […]
