News Oil 

Oil prices cut their losses ahead of U.S. supply data

“Concerns over growing U.S. shale-oil production weighed on the market, but prices found some support from the latest U.S. crude-supply forecasts” writes Markets Commodities Reporter for marketwatch.com. Analysts expect Wednesday’s Energy Information Administration report to show a seventh-straight weekly decline for U.S. crude inventories. September West Texas Intermediate crude CLU7, +0.06% fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel on the New York Mercantile Exchange. Source: marketwatch.com Share This:

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News Stocks 

‘Open road’ ahead for this retail stock as millennials snap up RVs, says BMO

“BMO Capital Markets sees an ‘open road’ ahead for Camping World Holdings after the outdoors equipment provider increased guidance and reported 20 percent sales growth in its second-quarter earnings report” writes Clark Afp for cnbc.com. “As the nation’s largest retailer of recreational vehicles (RV) and related products and services, Camping World Holdings benefits from robust growth in the RV industry,” wrote BMO analyst Gerrick Johnson.”While controlling only 6 percent of U.S. RV dealerships, the company has a significant scale advantage in purchasing, pricing, advertising, cross-selling and leverage, allowing it to…

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News 

Trump records robocall for Luther Strange ahead of Tuesday’s special election

“Luther Strange, R-Ala., which will be used to get out the vote for Strange in the state’s special election on Tuesday” writes Al Weaver for washingtonexaminer.com. He endorsed Strange, who was picked to replace Sessions in February, over Brooks and Judge Roy Moore, who is leading in polls ahead of Tuesday’s election. Source: washingtonexaminer.com Share This:

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News 

Tesla price target lifted to $411 at Baird who says don’t short ahead of Model 3

“Tesla Inc.’s TSLA, +0.69% price target was lifted to $411 per share from $368 on Monday by Baird, whose analysts advised against shorting shares of the company ahead of the Model 3 production ramp” writes Markets Reporter for marketwatch.com. Reiterating an outperform rating on the electric-car maker, senior research analyst Ben Kallo had this to say: “In our our opinion, TSLA is not a good short headed into the Model 3 ramp as we continue to believe upcoming catalysts will drive shares higher, and TSLA remains a top pick for…

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Markets News Stocks 

More pain is coming, this Wall Street bull says, with more ‘downside’ ahead for stocks

“I think you transition from an interest rate driven secular bull market to an earnings driven secular market,” Saut said” writes Str Afp for cnbc.com. He added: “I don’t think it interrupts the secular bull market, but I’m not sure the downside is over with.”. “I think the market could pull back a little bit here, but it’s still a secular bull market.Longer term, Saut doesn’t see much that could derail the bull market on a fundamental basis. Source: cnbc.com Share This:

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GBP News 

Changes to business rates appeals system fears ignored ahead of start date

“The Government pushed ahead with plans to overhaul the appeals system for business rates despite not receiving a single consultation response in support of them, The Sunday Telegraph can reveal” writes Rhiannon Bury for telegraph.co.uk. Businesses were consulted about the new “check, challenge, appeal” process in August 2016, which has overhauled the grounds on which companies can argue against rating ­decisions by introducing a power to throw out appeals that are within a margin of error of around 15pc.The system was implemented in April this year along with a revaluation…

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News 

Amazon has ‘tough road ahead’ in the ticketing industry, says JPMorgan

“JPMorgan said Amazon faces a “tough road ahead,” pessimistic on its chances to break into the ticketing business dominated by Live Nation’s Ticketmaster” writes Clark Afp for cnbc.com. Amazon is seeking to partner with U.S. venue owners to sell event tickets, a move that could ease Ticketmaster’s iron grip on the profitable ticketing industry, Reuters reported Thursday. Source: cnbc.com Share This:

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