Lots of investors were betting against Dexcom, and they all got a nasty Friday the 13th surprise when the stock surged 26% last week. On Friday Dexcom (NSDQ: DXCM) reported reimbursement approval for its glucose monitoring device from the Center for Medicare and Medicaid Services for use of the company’s… Read More
Stock Market Investing
Tails are wagging at VCA Antech, the animal hospital operator that was just acquired by privately held food conglomerate Mars. VCA’s stock, whose adorable ticker is WOOF, was bought for almost $91 per share Monday morning. The purchase threw shareholders a 28% bone overnight, and a one-year mouth watering gain… Read More
Only the bloated ‘Financials’ sector earns a lower average IDEAL score than healthcare stocks. Read More
I won’t rehash the Brexit-style surprise Americans unleashed on the world last week. The S&P futures Wednesday plunged 5% to their overnight limit before recovering to slide across the finish line with a 2% gain on the day. Portfolios were juggled frantically as investors swapped out of technology and into… Read More
New technology is notoriously buggy, sometimes spawning new businesses. Read More
The first time I voted in a U.S. presidential election was 1980, as a 21-year-old college senior. The choice then, as now, was between a conservative who earned his fame in the entertainment industry versus a dyed-in-the-wool liberal that previously occupied a governor’s mansion in the South. As we all know,… Read More
Like most Americans, I spent Tuesday night (and well into Wednesday morning) watching the election returns and the market reaction to them around the world. My first thought was that I was watching Brexit II. Australia and Japan got off to a shaky start at 6 P.M. and 7 P.M. Read More
Coach’s recent results indicate luxury retail may have holiday sales in the bag. The high-end purse maker reported earnings for its September quarter last week. The stock rose 2% despite missing estimates by a few pennies. Investors, conditioned to be chronically disappointed by retailers’ earnings, found some silver coins in… Read More
While the UK economy seems to be more resilient than expected after the Brexit vote, you should still approach the country with caution. The better than expected third-quarter growth didn’t come from particularly reliable sources and, without a framework for the exit yet, it could still get ugly.In a bit… Read More
How fast did the U.S. economy grow in the third quarter? We’ll get our first glimpse tomorrow.The initial GDP number for the third quarter will be revised, but it’s significant as the last big economic report before Election Day – and, potentially, as further confirmation of a Fed rate hike.We… Read More