Watchful eye on second quarter growth numbers
The first estimate for Q2 GDP growth, around 2.5%, is seen as easing fears of a slowdown caused by weather, port strikes, and a strong dollar. Economists say the figure may influence stock investors, though the Fed’s rate path remains uncertain. Market analysts stress earnings growth must lift valuations.
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Capital Economics
Federal Reserve
Fed
Mark Luschini
Janney
SigFig users with small portfolios pour into COST in July
Did you know that investors using SigFig tracking services with portfolios under $100000 bought Costco shares in early July. The data highlight a trend among retail investors seeking value in COST during the period.
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SigFig
Costco
How USA Investors Allocate Risk via SigFig Tracking
Data from SigFig shows more than half a million investors nationwide guiding $200 billion in assets through SigFig's online tracking service. The analysis reflects portfolios managed by SigFig users and highlights overall risk posture and allocation patterns.
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USA
America
SigFig
Citrix price shake up as Elliott pressure rises
Citrix Systems revealed a leadership shake up and signaled possible sales of business units amid pressure from Elliott Management. Yelp posted a surprise loss and warned of weak near term revenue. Max Levchin will depart as chair while interim Twitter chief Jack Dorsey tempered expectations for rapid growth, calling a lengthy turnaround likely.
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Citrix
Elliott Management
Consumer Review
Yelp.com
Max Levchin
Buffalo Wild Wings shares surge on growth despite miss
Buffalo Wild Wings rose over 10 percent to about 193 a share after reporting a Q2 profit of 1.12 per share and revenue of 429.7 million, both missing forecasts. Analysts expect 7.08 per share for 2016, signaling potential 26 percent growth ahead as the firm eyes franchise buybacks.
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Buffalo Wild Wings
Hot Wings
S&p Capital IQ
Fed signals labor market to steer next rate move
The Fed kept its benchmark rate near zero after a two day meeting while upgrading the labor market outlook. Officials said rate hikes will come only after further labor market improvement and inflation moves toward 2 percent, with September seen as possible. Job gains remain strong and unemployment fell to 5.3 percent in 2015, though wage growth is still subdued.
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Federal Reserve
Fed
RDQ Economics
Janet Yellen
Congress
Central Bank
Yellen
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