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Alzheimer's treatment hangs in the balance... The Food and Drug Administration ("FDA") sent shockwaves through the medical world when it approved Aduhelm, a revolutionary new treatment for Alzheimer's disease. Historically, Alzheimer's disease has been considered untreatable, making any type of drug a breakthrough. But many experts aren't sold on Aduhelm. Clinical trials of the monoclonal […]
- ABBV
- BIIB
- BMY
- PFE
The world is ready to consign coal to the history books... Once a commodity essential to powering the Industrial Revolution, coal is now the largest source of carbon emissions. But think tanks, policymakers, and activists are looking to get the world off coal as the long-term health of the planet becomes more of a priority. […]
- BHP
- GLEN.L
- NGLOY
- RTNTF
Regulators want telecom firms to put 5G on airplane mode... AT&T (T) and Verizon (VZ) started the year with a back-and-forth battle with regulators over delaying the rollout of 5G wireless services across the country. The Federal Aviation Administration ("FAA") and broader Secretary of Transportation asked the two telecom providers to delay their release of […]
- T
- VZ
M&As dominated 2021... Altimetry did a few "best of 2021" articles, highlighting our prescient economic calls and stocks that crashed after we said to avoid. Now that the new year is officially here, let's review 2021 holistically. In mid-December, DealBook published its year in review for the largest deals of 2021. The New York Times […]
- GE
- JNJ
- TOSYY
Education is the first tool for wealth creation... "I guess not everybody studied accounting," said Warren Buffett in the first 10 minutes of Berkshire Hathaway's (BRK-B) 2019 Annual Shareholders Meeting. The 'Oracle of Omaha' has made similar remarks in three of the last four annual meetings. Becoming more enlightened into the quality or lack thereof […]
- AMZN
- BRK-B
Meta is now getting other companies into trouble... Meta Platforms (FB), formerly known as Facebook, has been slammed for making its products intentionally addictive and causing privacy concerns. Addiction and privacy continue to be hot-button issues for Meta's products. Back in 2019, Facebook saw a whopping $5 billion fine for its breach of privacy. And […]
- FB
- JPM
'Return to office plans' are postponed again… Last year was full of surprises. The development and approval of new COVID-19 vaccines was an amazing feat of science and gave much hope that the coronavirus pandemic would soon be over. It seemed like life in the developed world was slowly but surely returning to normal in […]
- WE
Peloton (PTON) had a tough fourth quarter... The exercise bike company reported a worse outlook for the next year on its first-quarter earnings, which sent investors running for the hills... The stock tumbled from $86 to $55 on November 5, slashing the firm's total valuation by 36%. And then, a bizarre PR nightmare struck. HBO's […]
- ATVI
- BABA
- BBY
- COST
- DASH
- DPZ
- FDX
- PTON
- SWBI
- TTWO
- UPS
- WMT
- ZM
2022 is going to be the year of Fed tightening... With the new year, it appears the Federal Reserve has given itself a New Year's resolution – retiring the word "transitory." That was the message from Federal Reserve Chairman Jerome Powell when he addressed concerns about inflation to Congress more than a month ago. The […]
- CME
Joel's note: The Altimetry offices are closed Friday in observance of the New Year’s Day holiday, so look for your next Altimetry Daily Authority on Monday, January 3. Revisiting 'meme stocks'... If you were to ask anyone on Wall Street what was the one thing that they remember about investing this year, odds are they […]
- CNS
- GME
- HOOD
- TSLA