The U.S. is about to reclaim the top spot on the list of the world's fastest supercomputers. Summit, a $200 million system designed by International Business Machines (NYSE:IBM) for the Department of Energy's Oak Ridge National Laboratory, is tailor-made for big data and artificial intelligence (
Shares of Sears Holdings Corp (NASDAQ:SHLD) have been given an average broker rating score of 5.00 (Strong Sell) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong sell recommendation.
Zacks has also given Sears an industry rank of 176 out of 255 based on the ratings given to related companies.....More>>>
Nordea (OTCPK:NRBAY) is, for those unfamiliar, the biggest pan-Nordic banking group, having market shares of 15-30% in each of the four Nordic countries: Denmark, Finland, Norway, and Sweden. According to Global Financial Magazine, Nordea was ranked as the 29th safest bank globally in 2017. The ranking was based on the long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor’s....More>>>
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:
General Motors Co. (NYSE: GM) on Saturday took the wraps off its redesigned Chevrolet Silverado pickup, the company’s best-selling light vehicle. The 2019 model-year pickups will hit the market late next year and GM hopes they’ll invigorate sales that have been dwindling this year.
(Editor's Note: Updated 2/1/2017 12:00 p.m. to correct the return calculation.)
Opinions on Citigroup Inc. (NYSE:C) are divided. The stock price has risen significantly since February 2016, and investors are starting to worry it is overvalued. I believe Citigroup is still a promising inves