US Q2 GDP +3.0% vs +2.7% expected

GDP revisions Initial reading was +2.6% Q1 growth was +1.2% Personal consumption 3.3% vs 3.0% expected Prior personal consumption +2.8% GDP price index +1.0% vs +1.0% exp Core PCE +0.9% vs +0.9% So far in 2017, annualized GDP is running at +2.1%. Details: Home investment -6.5% vs -6.8% prior Business investment in structures +6.2% vs […]

The second look at Q2 US GDP is coming up

The initial reading was 2.6% The second look at the second quarter is coming up at the bottom of the hour. There are often big swings in this revision but the consensus this time is for a slight improvement to 2.7%. That said, estimates range from 2.3% to 3.2%. First quarter GDP grew at a […]

Medicines Company Stock Breaks Out From 50-Day MA

The Medicines Company (MDCO​) shares soared nearly 10% over the past five sessions and added nearly 5% after-hours on Tuesday following the FDA approval of Vabomere for complicated urinary tract infections (cUTI). Phase 2 clinical data from its ORION-1 trial in conjunction with Alnylam Pharmaceuticals, Inc. (ALNY​) also showed effectiveness at lowering bad cholesterol (LDL-C) […]