Following the sell-off that lopped off nearly a third of its market cap since late September, shares of Oracle ( ORCL ) are “undervalued,” KeyBanc Capital Markets said. Oracle shares fell fractionally in premarket trading on Wednesday. “Valuation is always subjective, but a
Following the sell-off that lopped off nearly a third of its market cap since late September, shares of Oracle ( ORCL ) are “undervalued,” KeyBanc Capital Markets said. Oracle shares fell fractionally in premarket trading on Wednesday. “Valuation is always subjective, but a
US Retail Sales Shrug Off 'K-Shaped' Economy With Upside Surprise In November Having noted yesterday that holiday retail spending (December) was up significantly (via the NRF), today we get the official (US Census Bureau) look at Retail Sales from November... so don't get too excited. But, amid the growing specter of the 'k-shaped' economy, expectations were for a sizable 0.5% MoM jump in retail s...
US Retail Sales Shrug Off 'K-Shaped' Economy With Upside Surprise In November Having noted yesterday that holiday retail spending (December) was up significantly (via the NRF), today we get the official (US Census Bureau) look at Retail Sales from November... so don't get too excited. But, amid the growing specter of the 'k-shaped' economy, expectations were for a sizable 0.5% MoM jump in retail sales (after October's 0.0% nothingburger)... but the headline print beat expectations with a 0.6% MoM surge... leaving sales up 3.3% YoY... Source: Bloomberg That was the strongest MoM jump in retail sales since July. Additionally, Ex-Autos, and Ex-Autos and Gas also both beat expectations. Ten out of 13 categories posted increases, including sporting goods and hobby stores as well as building materials retailers and clothing outlets. Motor vehicle sales bounced back after the expiration of federal tax incentives on electric cars restrained sales in the prior month. Higher receipts at gasoline stations also contributed to the overall gain. General Merchandise stores saw sales decline in November (along with Furniture), while Motor Vehicles and Gas Station sales surged the most ... Real retail sales (a rough approximation against CPI) remained positive on a YoY basis... Source: Bloomberg Finally, things look even better for the broad economy as the Retail Sales Control Group (which excludes food services, auto dealers, building materials stores and gasoline stations) - which feeds into the GDP calc - jumped 0.4%% MoM - in line with expectations... Source: Bloomberg That MoM jump leaves sales up a strong 5.1% YoY and while the 'k-shaped' economy continues to weigh on market sentiment, it is not evident in the aggregate data and supports solid Q4 GDP growth. "The consumer ended 2025 on a strong note might get stronger when tax refunds start hitting in the new year," said David Russell, Global Head of Market Strategy at TradeStation. " Today’s retail sales report is consistent ...
Citigroup posted an 84% surge in financial advisory fees in the fourth quarter, capping a year in which the firm’s revenue from handling mergers rose by more than half to an all-time record. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
Citigroup posted an 84% surge in financial advisory fees in the fourth quarter, capping a year in which the firm’s revenue from handling mergers rose by more than half to an all-time record. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
We came across a bearish thesis on Zillow Group, Inc. on investing subreddit by Guy_PCS. In this article, we will summarize the bears’ thesis on ZG. Zillow Group, Inc.’s share was trading at $67.80 as of January 13th. ZG’s forward P/E was 32.89 according to Yahoo Finance. Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the […]
We came across a bearish thesis on Zillow Group, Inc. on investing subreddit by Guy_PCS. In this article, we will summarize the bears’ thesis on ZG. Zillow Group, Inc.’s share was trading at $67.80 as of January 13th. ZG’s forward P/E was 32.89 according to Yahoo Finance. Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the […]
US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs, even as prices for services were unchanged. The producer price index rose 0.2% after climbing 0.1% in the prior month, according to the Bureau of Labor Statistics. The report, which included the first estimate of October wholesale price data, was delayed by the 43-day federal shutdown. Compared wi...
US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs, even as prices for services were unchanged. The producer price index rose 0.2% after climbing 0.1% in the prior month, according to the Bureau of Labor Statistics. The report, which included the first estimate of October wholesale price data, was delayed by the 43-day federal shutdown. Compared with a year earlier, the overall PPI advanced 3%, the BLS said Wednesday. Excluding food and energy, the PPI was unchanged from the prior month and climbed 3% from November 2024. The wholesale price data follow a report out Tuesday that showed underlying consumer inflation rose in December by less than projected in a sign of cooling price growth. The latest PPI figures indicate companies are limiting the degree to which they’re passing along higher import duties and other costs for fear of suppressing sales. Read More: US Core CPI Rises 0.2%, Bucking Estimates for Bigger Rebound In separate government data, retail sales rose more than expected in November, suggesting consumers remained resilient going into the holiday season. Economists and investors closely track the PPI because several of its components feed into the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures price index. Among those categories, portfolio management fees advanced 1.4% while costs of airline passenger services fell 2.6%. The costs of physican care and hospital inpatient care rose slightly, while hospital outpatient care saw a bigger increase. The Bureau of Economic Analysis will issue November PCE price data, along with income and spending figures, on Jan. 22. The following week, Fed officials gather for their first policy meeting of 2026. US central bankers are expected to hold interest rates steady after three straight cuts as they await further progress on inflation and assess developments in the job market.
Oklo (NYSE: OKLO) is a pre-revenue nuclear energy stock that investors believe could power AI data centers and national security. The upside is massive, but everything depends on regulatory approval, which could change the stock's value overnight.
Oklo (NYSE: OKLO) is a pre-revenue nuclear energy stock that investors believe could power AI data centers and national security. The upside is massive, but everything depends on regulatory approval, which could change the stock's value overnight.