Today is Memorial Day it is about those who serve, have served and who have paid the ultimate price....Take time to thank a vet! Politicians only care about getting re-elected ( Obama's term is up soon) and fund raising.
Is this Konecranes deal a complete merger or is it just for a portion of Terex's business for $1.2 billion like the article here said? Was the late day move justified or was it just to hit shorts?
They did the same to the Starwood speculators when Anbang walked away. HOT shares reached near $87 I believe in March. I was short HOT and covered when the deal fell apart. Starwood's shares (HOT) closed at $73.71 today. Those who were buying on the Chinese higher offer, just like here, in the $80's really took it you know where.
Consumers only seem interested in autos and homes to some extent. Amazon is hurting so many retailers the clothing ones to what extent I don't know but people are just not buying clothes possibly there is nothing exciting in fashions I think it's the .60-.80 move higher in gas in about 3 months. People were not shopping when the gas national average was under $2 today it was reported to be $2.31. My station on the corner when up .10/.22/.23 a few days ago on the 3 blends. My family health care monthly costs more than doubled in January so add that in along with all the other daily living expenses that are creeping higher despite what the Fed tells us. I think retail has more downside in the near term but I guess come September the market may start to anticipate the Holidays. But right now so many retailers especially brick and mortar are getting killed. Good Luck!
Goldman cut their target from $13 to $12 and Suntrust cuts from $35 to a $30 with a buy. Maybe the 2 analysts should have lunch together and discuss their calls.
Could it be that they were actually profitable instead of losses? It's up now in the pre market for now with oil down near 1%. So many energy stocks are climbing and still showing losses in the reports. Who knows how this stock acts each day it took off two days ago while acting like a dog prior to Wednesday.
Right back where it started before the Trump TV appearance just over $42 just like I posted earlier. I am actually surprised it's up with oil down and almost every other energy stock down now. It still may be the belief that Trump will pick Hamm to serve.
I know Trump is going to be the GOP candidate because he says things others will not but at some point he had better start speaking like a real candidate for the Presidency or it will come back to haunt him. You cannot continuously slandering people without it backfiring.
How funny is that the market knew Hamm would be with Trump and shares have rallied back near the daily high with oil flat. Trump is supposed to talk about his energy policy so far it's all q&a. Possibly the market is waiting for trump to say Hamm will be his energy secretary like Romney did. If he doesn't I think shares retrace back down.
Said the energy stocks seemed to have peeked. I follow and trade a bunch of them and it does seem to be the case they seem trapped near the high end of their ranges. If oil has peaked for now these may all retreat some from these levels. With so many oil disruptions around the globe now if some or all of those get resolved soon I think we see that pullback.
Looks like it was rented yesterday to hit shorts it appears they are bailing based on the poor report along with other poor retail reports today. You will get a chance under $14 soon I believe.
At some point Wall Street is going to view this rapid move higher as a negative. The consumer is struggling along with so many retailers and now the ball is in Yellen's corner to see if she has the b--ls to raise in June to slow things down. Personally I think she is scared and the market is betting on that so far by rallying in the face of 6 straight quarters of declining earnings. My gas station that I use went up yesterday reg: +.10 mid: +.22 premium" +.23. Gas is up realistically about .80 in my area (Westchester County, NY) in about 3 months. I want to hear if Yellen calls the rise in energy prices "transitory" again. For now party on with the Fed!