March 22, 2017: Berenberg raised Teck Resources to a Buy rating from Hold and set a price target of $27. Berenberg cites a tighter but well supplied copper market.
February 15, 2017: Teck Resources reports Q4 EPS of C$1.61 versus the C$0.03 y/y estimate. Revenue also beat coming in at C$3.56 billion versus the C$2.14 (Read More….)
February 17, 2017: Fluor Corp reports Q4 EPS of $0.82 versus the $0.80 estimate. Revenue also beat coming in at $4.99 billion versus the $4.83 billion estimate.
David Thomas Seaton, CEO of Fluor, said, “In 2016 we set the foundation to expand our presence in the markets we serve. This includes our acquisition of (Read More….)
February 07, 2017: Zimmer Biomet announced today the international release of the Subchondroplasty (SCP) Procedure. The Company received CE Mark approval for the commercialization of its SCP Procedure to facilitate distribution in the European Union (EU) and other countries that recognize the CE Mark. Zimmer Biomet also received approval for distribution in Canada, Singapore, Malaysia (Read More….)
January 10, 2017: B. Riley reiterates a Buy rating on Oxford Industries and sets a price target of $74.
At ICR conference, Oxford Industries executive said, “Looking at balance of December, what we saw from traffic and top line was consistent with expectations. I believe we have the opportunity for judicious door growth in (Read More….)
December 18, 2016: CRISPR Therapeutics, Intellia Therapeutics, Caribou Biosciences and ERS Genomics announce global agreement on the foundational intellectual property for CRISPR/Cas9 gene editing technology. CRISPR Therapeutics, Intellia Therapeutics, Caribou Biosciences, and ERS Genomics announced that the companies and their licensors have entered into a global cross-consent and invention management agreement for the foundational intellectual (Read More….)
Deutsche Bank may be on the verge of collapse. Last week Deutsche Bank reported Q2 2016 earnings of 20 million euros which is a 98% drop in earnings year-over-year.
In 2015, Deutsche Bank announced its first full year of loss since the 2008 recession.
Deutsche Bank’s stock is down -60% over the last year (Read More….)
As earnings season kicks off, banks are set to report next week for the quarter ending June 30, 2016. Banks revenue has been falling for years as I wrote about here.
We know that Brexit made the situation worse for banks, but that will not factor in until next quarter.
Below is an interactive chart (Read More….)
If you are looking for a black swan event that could plunge the weak US economy into a full-blown recession, Brexit could be it.
Big US banks have already taken brutal losses over the last year.
Bank of America has more than $2.1 trillion in assets. Bank of Amerca’s stock has plunged -20% from a (Read More….)