Thursday, February 4, 2016

Snap-on Beats Earnings by Four Cents + MORE 8:49 pm Feb 4th

It is usually several months later in the year that I begin my annual lament over the state of the U.S. federal budget. Not so much the deficit — which is too high, but manageable — but rather the foolhardy method we have for funding it. (See recent discussions here, here, andhere).
I am not going to spend too much time on the issue of a long bond, other than to reiterate this simple formulation: Demand for Treasuries + ultralow rates + big, persistent U…

Continue Reading On ritholtz.com »

The markets are recuperating on Thursday, with all major U.S stock indexes, alongside oil, trading slightly up after a rough week. Among the stocks driving the market gains, we can count W W Grainger Inc (NYSE:GWW), Freeport-McMoRan Inc (NYSE:FCX), Atwood Oceanics, Inc. (NYSE:ATW), Buffalo Wild…

[[ This is a content summary only…

Continue Reading On insidermonkey.com »

Book Review: Wall Street Wars

– cfainstitute.org

In its extensive recounting of financial misdeeds prior to the 1929 stock market crash, this fine work of popular financial history notes the parallels between recent events and the debates in the early 1930s over securities regulation and the subsequent enactment of landmark securities laws. Amid talk of the need to restore trust in the financial industry, the incidents recounted in the book suggest that restoration should apply only to firms that are worthy of trust and must come about through commitment to ethical practices, rather than public relations campaigns…

Continue Reading On cfainstitute.org »

The new rules in the age of the internet – put up or shut up. If you’re not delivering alpha to the advisors and investors you want to use your products, then save the monthly outlook commentary and full-page ads in Barron’s for your mama.
There’s too much information available for closet indexers charging 100 basis points over the index for stock selection to continue to have a viable business…

Continue Reading On thereformedbroker.com »

A Bad Marriage May Literally Be Breaking Your HeartEvery year, Valentine’s Day, along with its epic run-up of love-soaked commercials and ads, is dreaded by singles everywhere.  But what if you are struggling in unhappy or even abusive marriage? You may feel like a bad marriage is breaking your heart, especially as Valentine’s Day 2016 approaches…and you might be right!
Bad Marriage…Bad Heart Health
A study published in 2014 in the Journal of Health and Social Behavior found a direct link between being in an unhappy marriage and an increase in cardiovascular problems, such as heart attack, stroke, and high cholesterol…

Continue Reading On wife.org »

“It’s a supply issue”, “No, it’s a demand issue” – when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what is causing it. Luckily, Obama may provide just the tiebreaker. Moments ago, Politico reported that in his final budget, Obama is set to unveil an ambitious plan for a “21st century clean transportation system…

Continue Reading On zerohedge.com/ »

Snap-on Beats Earnings by Four Cents

– crossingwallstreet.com

Snap-on (SNA) earned $2.22 per share for Q4. That was four cents better than estimates. For the year, the company earned $8.10 per share which is up from $7.14 in 2014
“For full-year 2015, Snap-on achieved organic sales growth of 7.1% and diluted earnings per share increased 13.4%, once again validating Snap-on’s ability to build upon its unique combination of capabilities in serving serious professionals and to successfully navigate our runways for coherent growth and operating improvement,” said Nick Pinchuk, Snap-on chairman and chief executive officer…

Continue Reading On crossingwallstreet.com »



from Royalty Gateway http://www.royaltygateway.com/snap-on-beats-earnings-by-four-cents-more-849-pm-feb-4th/
It is usually several months later in the year that I begin my annual lament over the state of the U.S. federal budget. Not so much the deficit — which is too high, but manageable — but rather the foolhardy method we have for funding it. (See recent discussions here, here, andhere).
I am not going to spend too much time on the issue of a long bond, other than to reiterate this simple formulation: Demand for Treasuries + ultralow rates + big, persistent U…

Continue Reading On ritholtz.com »

The markets are recuperating on Thursday, with all major U.S stock indexes, alongside oil, trading slightly up after a rough week. Among the stocks driving the market gains, we can count W W Grainger Inc (NYSE:GWW), Freeport-McMoRan Inc (NYSE:FCX), Atwood Oceanics, Inc. (NYSE:ATW), Buffalo Wild…

[[ This is a content summary only…

Continue Reading On insidermonkey.com »

Book Review: Wall Street Wars

– cfainstitute.org

In its extensive recounting of financial misdeeds prior to the 1929 stock market crash, this fine work of popular financial history notes the parallels between recent events and the debates in the early 1930s over securities regulation and the subsequent enactment of landmark securities laws. Amid talk of the need to restore trust in the financial industry, the incidents recounted in the book suggest that restoration should apply only to firms that are worthy of trust and must come about through commitment to ethical practices, rather than public relations campaigns…

Continue Reading On cfainstitute.org »

The new rules in the age of the internet – put up or shut up. If you’re not delivering alpha to the advisors and investors you want to use your products, then save the monthly outlook commentary and full-page ads in Barron’s for your mama.
There’s too much information available for closet indexers charging 100 basis points over the index for stock selection to continue to have a viable business…

Continue Reading On thereformedbroker.com »

A Bad Marriage May Literally Be Breaking Your HeartEvery year, Valentine’s Day, along with its epic run-up of love-soaked commercials and ads, is dreaded by singles everywhere.  But what if you are struggling in unhappy or even abusive marriage? You may feel like a bad marriage is breaking your heart, especially as Valentine’s Day 2016 approaches…and you might be right!
Bad Marriage…Bad Heart Health
A study published in 2014 in the Journal of Health and Social Behavior found a direct link between being in an unhappy marriage and an increase in cardiovascular problems, such as heart attack, stroke, and high cholesterol…

Continue Reading On wife.org »

“It’s a supply issue”, “No, it’s a demand issue” – when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what is causing it. Luckily, Obama may provide just the tiebreaker. Moments ago, Politico reported that in his final budget, Obama is set to unveil an ambitious plan for a “21st century clean transportation system…

Continue Reading On zerohedge.com/ »

Snap-on Beats Earnings by Four Cents

– crossingwallstreet.com

Snap-on (SNA) earned $2.22 per share for Q4. That was four cents better than estimates. For the year, the company earned $8.10 per share which is up from $7.14 in 2014
“For full-year 2015, Snap-on achieved organic sales growth of 7.1% and diluted earnings per share increased 13.4%, once again validating Snap-on’s ability to build upon its unique combination of capabilities in serving serious professionals and to successfully navigate our runways for coherent growth and operating improvement,” said Nick Pinchuk, Snap-on chairman and chief executive officer…

Continue Reading On crossingwallstreet.com »

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