- BusinessBusiness Insider•3 hours ago
The oldest stock market indicator known to man is flashing a big buy sign
Reports on the imminent demise of the eight-year equity bull market have been greatly exaggerated, at least according to a century-old indicator. The godfather of technical analysis, known as Dow Theory, says transportation and industrial stocks must advance together for market gains to last. Recent strength in the Dow propelled the index to a new record on June 19, but the associated transportation index did not reach one, and that lack of confirmation has troubled some market pessimists.
- BusinessBusiness Insider•2 days ago
WHOLE FOODS CEO: We focused on employees at the 'expense of our customers'
Over the years, critics of Whole Foods sardonically coined the nickname "Whole Paycheck," highlighting the steep prices of its high-end, organic fare. After the company's merger with Amazon, it seems Whole Foods CEO John Mackey is intent on improving its relationship with customers. In a town-hall meeting last Friday, the day it was announced that Amazon had agreed to buy the organic grocer for $13.7 billion, Mackey said his company had prioritized employees at the expense of customers — a trend he said would change after the merger.
- Businessbarrons.com•yesterday
U.S. Steel: Very Impressed?
This year has been tough for U.S. Steel (X), which entered 2017 riding a wave of optimism about the Trump administration's America First policies, only to run into a great big wall of reality after reporting earnings in April. Illustration: Agence France-Presse/Getty Images Credit Suisse analysts Curt Woodworth and Serena Rocha Calejon stepped into that breach in May, when they upgraded shares of U.S. Steel to Outperform in May. And after meeting with U.S. Steel's CEO, Woodworth and Calejon are sticking with their bullish call on the U.S. steel company: We hosted US Steel CEO David Burritt and IR Dan Lesnak for meetings in Boston last week and came away with increased conviction in the strategic
