Investors like FedEx’s (FDX) earnings. A lot. So much so that they’ve pushed its shares up 10.83% to $159.90 at 1:38 p.m. And if FedEx holds onto that gain it would be its biggest one-day move since Sept. 19, 2002, when it climbed 11.59%.
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Why the response? RBC’s John Barnes and team write that there’s “no weakness....More>>>
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t:
A woman of Iranian descent (R) cries as she waits for a family member after the immigration ban imposed by U.S. President Donald Trump at the Los Angeles International Airport, California on January 30, 2017.Trump’s executive order suspended the arrival of all refugees for at least 120 days, Syrian refugees indefinitely — and bars citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria....More>>>
Wal-Mart Stores (WMT) has held up better than Target (TGT), which got crushed last week after offering disappointing guidance. Analysts at Cowen even argue that Wal-Mart can offer services that Amazon.com (AMZN) just can’t offer. There’s just one problem: It’s already reflected in its valuation, says Morgan Stanley analyst Simeon Gutman and team. They explain:
A new ‘gamified’ digital personal finance app has been launched by Meniga, a European next-generation banking solutions provider that helps millions of banking customers across 18 countries engage with their finances through online and mobile tools. It touts “fun and social online incentives” to improve long-term financial habits of consumers.
Showcased at this....More>>>