M&T Bank Corp raised its position in Pinnacle West Capital Co. (NYSE:PNW) by 15.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,775 shares of the utilities provider’s stock after purchasing an additional 1,196 shares during the period.
There’s an idea floating around that once Warren Buffett is no longer part of Berkshire Hathaway (BRK.A)(BRK.B), it will collapse. At a minimum, there’s concern that the “Buffett Premium” can be attributed to his individual skill:
More broadly, his value add is in capital allocation, which is basically the art of determining what to do with cash. He is objectively....More>>>
A few days ago, Baker Hughes (NYSE:BHI) came out with some data regarding the global rig count. During a time when oil production continues to fall in the U.S., as well as in other countries in the world like China and Venezuela, but prices are rising, fears are arising that the uptick in the rig count will result in more production coming on-line moving forward – which, if true, would prolong....More>>>
Whiting Petroleum (NYSE:WLL) presented at the Bank of America Merrill Lynch Global Energy Conference (“BAML Conference”) on Thursday, November 17, and the presentation touched on many topics. One, in particular, piqued our interest. We’ve known for a while now that Whiting has been preparing its two natural gas processing plants in North Dakota for sale, the Belfield plant in the....More>>>
Kudos to Merck & Co., Inc. (NYSE:MRK) and Pfizer Inc. (NYSE:PFE) for taking a leap forward in the war against diabetes. The two competitors-turned-partners for one joint venture recently announced the FDA and the European equivalent has accepted an application for permission to sell ertugliflozin and a couple of its derivatives. All the drugs/combos in question are part of the SGLT2 family,....More>>>
Today, I (Porter) am going to introduce a new financial term… I've been thinking about this a while… it's a term that describes the modern economy's fondness for central banks, paper money, huge debts, and financial bubbles. I call it the "Escher Economy." I hope you'll read carefully. Remember… there's no such thing as teaching,....More>>>
With low economic growth and a real estate bubble finally giving way, I had previously argued that Sweden’s stock market is significantly overvalued. Since 2015, we saw that the OMX Stockholm 30 index fell from a high of 1700 down to just below the 1300 level before subsequently rebounding to a level of 1464.85 at the time of writing:
Related USO Technical Alert – September Crude Oil Futures Find Sellers At $42 Area WSJ Asked 13 Investment Banks For Their Oil Outlook: Here's What Was Said Cycle And Trend Review; Putting It All Together (Seeking Alpha)
According to the Wall Street Journal, the Organization of the....More>>>
Morgan Stanley Blue Papers, a product of our Research Division, involve collaboration from analysts, economists and strategists across the globe and address long-term, structural business changes that are reshaping the fundamentals of entire economies and industries around the globe.
Personal transportation is on the verge of disruption from several different directions: New technology....More>>>
Last Thursday, J.C. Penney (NYSE:JCP) reported disappointing results for the first quarter of fiscal 2018. Comparable-store sales inched up just 0.2%: near the bottom of the company's full-year guidance range and worse than what management had expected. Furthermore, gross margin plunged by 2.4 p
Rosehill Resources (NASDAQ:ROSE) Director Harry Quarls acquired 6,700 shares of Rosehill Resources stock in a transaction dated Thursday, May 17th. The shares were bought at an average cost of $8.15 per share, with a total value of $54,605.00. Following the transaction, the director now owns 53,
Since bottoming in April, General Electric (GE) rose 20 percent and continued that uptrend when it announced it will merge GE Transportation with Wabtec (WAB). The deal gives GE a $2.9 billion cash infusion and voting majority ownership in the combined company. Even though asset sales are a natu