Economy & Markets
The important economic and stock market news that advisors need to know.
A Portfolio Position Upgrade: FSC
By Ben WarwickFifth Street Finance (FSC), a stock that I’ve mentioned several times in the past, was upgraded on Wednesday by Stifel Nicolaus from Hold to Buy.
January 26, 2011
Obama's State of the Union: the Fighter Still RemainsObama's triangulation is all Clinton; his “big things” comment all JFK; two politicians far different from the current occupier of the oval office.
January 26, 2011
2010 Q4 Earnings: Piper Jaffray Tops Estimates on Strong SalesNet revenues for the investment bank’s capital-markets unit rose 18% in the quarter to $151 million.
January 26, 2011
CBO Projects U.S. Budget Deficit May Reach $1.5 TrillionThe CBO said in its budget and economic outlook report released on Wednesday that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8% of GDP, in 2011.
January 26, 2011
State of the Union: Obama Wants to Cut Corporate Taxes, LoopholesPresident Barack Obama's call to lower corporate tax rates is popular among business leaders and lawmakers from both parties, but he offered no specifics about how to pay for it.
January 25, 2011
BNY Mellon: Large Cap Stocks Poised to Outperform Small CapsLarge cap stocks are poised to outperform small cap stocks over the medium to long term, according to an analysis by BNY Mellon Beta Management.
January 25, 2011
2010 Q4 Earnings: BlackRock Beats EPS Estimates; Profits Soar 107%Investor willingness to put money into riskier securities pushed BlackRock past analysts’ expectations by nearly 18% with its Q4 2010 earnings report.
January 25, 2011
Market Reaction to Moscow Airport Bombing MutedThe suicide bomber who killed 35 people and injured about 150 more in an attack on Russia’s busiest airport on Monday had only a low-key effect on the markets and would not likely derail plans by foreign investors.