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  1. Adobe to acquire Marketo for $4.75B

    7 minutes ago
    The Fly
  2. Stocks Surge To New Record Highs As...

    3 minutes ago
    Zero Hedge
  3. Destroying America: CBO Projects US...

    9 minutes ago
    Zero Hedge
  4. Kavanaugh Accuser Now Willing To...

    27 minutes ago
    Zero Hedge
  5. Fmr Scalia Clerk Expects "Compelling...

    44 minutes ago
    Zero Hedge
  6. "Tomorrow Will Be A Huge Day": Quad...

    about 1 hour ago
    Zero Hedge
  7. Rob Kirby: Gold Will Become Priceless...

    about 1 hour ago
    Silver Doctors
  8. "US Vs Them" Goes Parabolic

    about 1 hour ago
    Zero Hedge

Trade Idea of the Day Presented by: The Fly

Fly Intel: Wall Street's top stories for Tuesday

Stocks opened in positive territory as investors breathed a sigh of relief that the new round of tariffs on China was not as bad as expected. The averages continued to tack on gains throughout the day in a broad-based advance. Oil prices moved up more than 1% as supply concerns remain with Iranian sanctions due to go... Read More

Acadia jumps after FDA finds no new or unexpected safety risks for Nuplazid

Shares of Acadia (ACAD) jumped in afternoon trading after the FDA announced it has completed a review of all postmarketing reports of deaths and serious adverse events reported with the use of Nuplazid. Based on an analysis of all available data, FDA did not identify any new or unexpected safety findings with Nuplazid, or findings that are inconsistent with the established safety profile currently described in the drug label. After a thorough review, FDA's conclusion remains unchanged that the drug's benefits outweigh its risks for patients with hallucinations...

A Few Comments on August Existing Home Sales

Two key points: 1) This is a reasonable level for existing home sales, and doesn't suggest any significant weakness in housing or the economy. The key for the housing - and the overall economy - is new home sales, single family housing starts and overall residential investment. 2) Inventory is still very low, but was up 2.7% year-over-year (YoY) in August. This was the first year-over-year increase since May 2015. (Note: Inventory for June was initially reported as up slightly year-over-year, but inventory was revised down)...

Online retailers slide as Amazon reportedly testing recommendation service

Shares of several retailers and online personal shopping services are slipping in afternoon trading after CNBC reported that Amazon (AMZN) is testing a new on-site recommendation service known as Scout. WHAT'S NEW: CNBC reported that Amazon is testing a new service called Scout, a shopping site for consumers who don't know specifically what they want to buy but are willing to take some automated recommendations ...

International Demand For US Bonds Rebounds, But China Dumps Most Since Jan

Treasury International Capital net flows rebounded in July with France and Norway the biggest buyers of Treasury bonds (+$17.6bn and $11.1bn respectively) but more notably, China was the biggest seller (dumping $7.7bn to six-month lows). TIC flows rebounded notably. Russia and Caymans (hedge funds) were practically unchanged in July, while Japan was a buyer and Turkey bid for some (after being a big seller). In July, China dumped the most since January, taking its holdings to the lowest since January all of which makes us wonder... was China selling today also?

Treasury Yields Spike To 4-Month Highs, Real Yield Curve Inverts

Having failed to sustain above 3.00% yesterday, the lack of immediate and aggressive response from China has hyped risk appetite this morning and sent Treasury yields notably higher - breaking to the highest since May 23rd. Furthermore, expectations of additional China stimulus (talk of RRR cuts among other things) have also pushed yields higher. As Goldman notes, there are a number of levels to be aware of now between 3.007% and 3.056%. The two prior highs from June/August are up at 3.007-3.014% ...

Street Fight: Analysts diverge on Valvoline over Amazon concerns

On Monday, Seaport Global analyst Michael Harrison upgraded Valvoline (VVV) to Buy, saying last week's selloff was "overblown." The upgrade came after JPMorgan analyst Jeffrey Zekauskas on Friday downgraded Valvoline to Underweight on a report that Amazon (AMZN) had launched a private label motor oil called AmazonBasics Full Synthetic Motor Oil ...

Turkish Lira Plunges As Ankara Prepares Non-Performing Loan Bailout For Local Banks

Two days after the Turkish central bank shocked the market with a whopping 625bps rate hike, which helped the Turkish lira recoup some of its YTD losses, on Monday the Turkish currency suddenly tumbled in thin trading on what some attributed was a Reuters reports that Erdogan has asked authorities to scrutinize the board of a major local bank Isbank, with the president reportedly focusing on the role the main Turkish opposition party ...

Box Office Battle: 'The Predator' challenges 'The Nun' for the top spot

This weekend's major new film release is Fox's (FOXA) "The Predator," the fourth installment in the "Predator" action movie series, which is expected to top the weekend box office with a domestic gross of $29M-$30M. Also out this weekend is Lionsgate's (LGF.A) "A Simple Favor," a dramatic thriller starring Blake Lively and Anna Kendrick, which is expected to come in third place over the weekend, grossing about $17M. Warner Bros.' (T) "The Nun," which was ...

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