MorningWord 7/10/13: Yesterday, FDX saw some curious action, opening up nearly 1% and seemingly skipping higher 1% every half hour till the stock topped out in the early afternoon, up 7.5% at one point. To …
Continue readingUPS
I promise this will be my last post on FDX. I’ve dwelled on it from a commentary perspective because it’s instructive of the broader price action, where the markets are rallying without robust earnings data. …
Continue readingOur friend John Melloy, the producer of Fast Money, had a good, quick note out yesterday detailing just how disappointing the earnings season has been so far. The most salient point for me from the …
Continue readingReuters The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market. Initial claims for state …
Continue reading