Investment Thesis Let’s get straight to the point: SL Green Realty Corp. (NYSE:SLG) appears to be substantially overvalued, even under the most optimistic assumptions. Evidently, a few other Seeking Alpha contributors find this company to be a buy. So I will play contrarian and argue why one should not buy…

10 things to watch on Friday, July 26 1. The S & P 500 and Nasdaq were headed for higher opens Friday after the Federal Reserve’s favorite inflation gauge, the core PCE price index, matched estimates. Both stock measures were tracking lower for the week, with Wednesday’s worst session since…

An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line…

The five rings The 2024 Paris Olympics are set to kick off today, with the opening ceremony taking place under a backdrop of heavy security. Tens of thousands of officers and soldiers have been deployed for the waterborne opening along the Seine, with a flotilla of boats scheduled to carry…

Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank.The Omaha, Nebraska-based holding company sold another 18.9 million shares via transactions on Monday, Tuesday and Wednesday at an average price of $42.46, raising…

Check out the companies making headlines before the bell. American Airlines — Shares dropped 6% after the carrier issued weak profit guidance for the third quarter. American Airlines estimates unit revenue will drop as much as 4.5% as the broader industry struggles with oversupply that has led to low fares.…

Disclosures “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor,…

A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm’s quality control mechanism, the company said on Wednesday.Friday’s outage happened because CrowdStrike’s Falcon Sensor, an advanced platform that protects systems from malicious software…

Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock…

EPS Beats and Misses % In Q1 2024, 78% of S&P 500 constituents surpassed EPS expectations vs. S&P Capital IQ Estimates, a 4% increase compared to Q4 2023 (74%), 2% decrease compared to Q3 2023 (80%), 1% decrease compared to Q2 2023 (79%) and a 1% increase compared to Q1…