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New weekly jobless claims totaled 881,000 last week, better than the 950,000 expected by economists. The number reflects an improving labor market as well as an adjustment in methodology from the Labor Department to address seasonal factors. Continuing claims fell to 13.254 million. Jefferies chief U.S. financial economist Aneta Markowska said the decline in seasonally adjusted claims “is more of a reflection of what was really happening” with unadjusted claims in recent ... |
Kansas City Southern (NYSE: KSU): Kansas City Southern shares jumped yesterday following reports that a group of buyout investors have made a takeover offer for the railroad operator, which has a current market value of more than $18 billion. Blackstone Group Inc and Global Infrastructure Partners submitted the bid after a previous approach was rejected, according to a Read More |
OSK is sitting in wait-and-see mode; is it a big enough bargain to justify a buy before the next rally?Moving into the final quarter of 2020 and looking back is an interesting exercise right now. It’s unusual to be able to describe two major shifts in market momentum in a single year; this year, we saw the market plunge to bear-market lows in less than a month from February to March, with global economic activity grinding to a screeching halt as governments in almost every country imposed strict quarantine and shelter-in-place restrictions in an effort to contain the spread of COVID-19. That... |
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Featured StockRafael Holdings, Inc. (RFL) – Buy Price: $20.00 or betterRafael Holdings, Inc. owns commercial real estate assets and interests in clinical pharmaceutical companies. The company operates in two segments, Real Estate and Pharmaceuticals. It engages in the lease of a commercial office building, as well as an associated 800-car public garage; and development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. Rafael Holdings, Inc. is headquartered in Newark, New Jersey. Read More |
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