Andersen Group: Premium Valuations Cannot Afford A Slowdown Suggested By The Outlook

A stock can beat Wall Street’s earnings estimates and still fall sharply. Another company can miss an estimate and rally. This is not necessarily irrational. Stock prices respond to how results compare with the expectations already reflected in the price, not simply whether the headline says “beat” or “miss.” Key takeaways for stock investors An…

Key insight: A coalition of state attorneys general is asking federal banking regulators to reject Enova’s proposed acquisition of Grasshopper Bank and OppFi’s proposed purchase of BNC National Bank’s holding company.  What’s at stake: The attorneys general warn that if the nonbank lenders are able to buy banks, they could bypass state usury laws and…

Tipton & Coseley Building Society will once again lend at up to 6.5x income. The building society has reintroduced high income multiple lending, which it last offered in early June. High income multiple mortgages are for customers who can demonstrate a greater borrowing capability. In these cases, the Tipton will lend up to 6.5x income….

Women’s Skateboard Vert: 15-Year-Old Mizuho Hasegawa from Ibaraki, Japan, Takes Gold Medal, 19-Year-Old Asahi Kaihara from Osaka, Japan, Earns Bronze Monster Energy BMX Street: 30-Year-Old Boyd Hilder from Gold Coast, Australia, Claims Bronze Monster Energy Men’s Skateboard Street Best Trick: 16-Year-Old Julian Agliardi from Long Beach, California, Clinches Bronze Medal Moto X Best Whip: 30-Year-Old…

In recent trading, shares of UGI Corp. (Symbol: UGI) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.55/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst…

Issuance and Oil Strike Back 1 Hour, 21 Min ago Issuance and Oil Strike Back Oil prices continue to ebb and flow in concert with the Iran war news cycle. There’s no set schedule for such things, but there have been several Mondays where that narrative shifts in the opposite direction from…