Thursday, 22 February 2018
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Traders Buy Exxon Mobil (XOM) on Weakness After Analyst Downgrade


Associated Banc-Corp increased Exxon Mobil Corp (XOM) stake by 1.57% reported in 2017Q3 SEC filing. Its 52-week high and low range is $89.3 and $76.05, respectively. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company's stock worth $76,511,000 after acquiring an additional 125,501 shares during the period. Read More »

The Coca-Cola Co (KO) Shares Bought by Evergreen Capital Management LLC

In terms of volatility, it has a beta coefficient of 0.71 and technical analysis volatility indicator called Average True Range or ATR around 0.53. It has underperformed by 5.95% the S&P500. Credit Suisse maintained The Coca-Cola Company (NYSE:KO) on Thursday, October 26 with "Outperform" rating. Cowen & Co maintained it with "Buy" rating and $240.0 target in Monday, September 11 report. Read More »

LA Times to Be Sold to Billionaire Physician — WashPost


Soon-Shiong, the billionaire founder and chief executive of California-based health care firm NantHealth , has previously been critical of Tronc's leadership, accusing the company of " poor corporate governance " past year. The Los Angeles Times has been the source of sale rumors before. One staffer posted on Twitter that there were cheers and screams in the newsroom. Read More »

Boston Partners Sells 26980 Shares of Marathon Oil Co. (MRO)

Grandeur Peak Global Advisors Llc who had been investing in Gildan Activewear Inc for a number of months, seems to be bullish on the $6.75B market cap company. New York State Teachers Retirement System reported 939,732 shares stake. Next Fincl holds 0% or 7 shares. Brookstone Mgmt reported 0.03% stake. The investor is now holding $29.15 million shares due in part to a decrease of 6.19 million new shares in their portfolio. Read More »

Dow ends day down 1175 points, largest drop in history


Corrections are seen as entirely normal during bull markets, and even helpful in removing speculative froth and allowing new investors to buy into the market at lower prices. Newcrest Mining is down 0.4 percent, while Evolution Mining is adding 0.2 percent after gold prices also fell. Schutte said that as central banks stop propping up the market, trading will probably be more volatile in the next few years. Read More »

Dow plummets more than 1000


The plunge prompted Japan's Nikkei index to lose 4% in early trade on Tuesday, and Australia's S&P ASX 200 dropped 3%. In one sign of a shift underway, a measure of expected market turbulence, the CBOE Volatility Index , jumped by more than 15 percent Friday. Read More »

'Modicare' to cost about Rs 11000 crore a year


They said the premium could be in the range of Rs 1,000-1,200 for Rs 5 lakh coverage. "We hope such steps will foster a sustainable eco-system that promotes investment and helps expedite the modernisation of the armed forces in a constantly evolving strategic environment", said Pierre de Bausset, President and Managing Director, Airbus India . Read More »

Walt Disney Co (DIS) Tops Earnings Estimates, Misses Revenue Outlook


About 10.68M shares traded or 19.82% up from the average. Walt Disney Co ( DIS ) opened at $104.70 on Tuesday. It has underperformed by 7.44% the S&P500. Wms Prtnrs Ltd Liability Corp owns 19,801 shares. D R Horton Inc (NYSE:DHI) was reduced too. (NYSE:CIO) for 16,562 shares. Two Sigma Ltd Co reported 10,941 shares. Read More »

Girl Scout sells 300 boxes in front of pot dispensary


Did she break the rules? A photo posted on Instagram by San Diego marijuana dispensary Urbn Leaf showed a Girl Scout with an armful of cookies in front of a Mission Bay storefront. Although selling cookies outside dispensaries are controversial, the LA Times reports chief communications officer from Girl Scouts of the USA Kelly Parisi said each region of Girl Scouts has its own guidelines. Read More »

Crude Oil Slides Despite Reprieve For Stocks


These are declining domestic production, growing oil and liquid fuels consumption, a build-up in strategic reserves, refinery sector reform which allows independent refiners to import quotas of crude oil, and increasing refinery capacity and utilization. Read More »

Former Uber CEO set to testify in high-tech heist case


The trial is likely to be closely monitored by Nasdaq-listed internet search company Baidu, which is engaged in a similar dispute in China against the former head of its autonomous driving unit and the self-driving technology start-up that he launched previous year. Read More »

Abbott Laboratories (ABT)- Stocks Shining Bright on Wall Street

Tracking recent technical action on shares of Abbott Laboratories ( ABT ), we have identified that Span A is now above Span B. Following these signals, traders may be watching to see if the stock is poised for an upswing. First Allied Advisory reported 50,063 shares stake. Capital Research Global Investors increased its stake in shares of Abbott Laboratories by 45.7% during the 2nd quarter. Read More »

Equifax data breach probe may be pulling back


They allege CFPB head Mick Mulvaney , Trump's former budget chief, has not been performing his full duties as head of the CFPB. In September, Equifax Inc said hackers had stolen personal data it collected on some 143 million Americans . Read More »

Investors Catching Stocks Starbucks Corporation (SBUX)

Always volatility measures make charm for active trader; price volatility of stock was 1.58% for a week and 1.57% for a month. About 15.36M shares traded or 53.53% up from the average. Cowen & Co maintained Hannon Armstrong Sustainable Infrastructure Capital, Inc. The firm has "Buy" rating given on Tuesday, June 13 by BMO Capital Markets. Read More »

Study says McDonald's fries could hold cure to baldness


At least that's what Newsweek is reporting after researchers in Japan used a chemical found in McDonald's french fry oil to stimulate hair follicle growth and successfully grew tiny hairplugs on mice. "Beauty clinics now often use hair from the occipital region [back of the head] and plant them to frontal areas with hair loss". Researchers at Yokohama National University in Japan developed a method to prepare "hair follicle germs", or HFGs, that are created to generate new hair ... Read More »

Without accounting loss, GM posts record full-year profits

According to today's trading volume Ford Motor ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. After years of lagging the market, General Motors Company ( NYSE: GM ) stock finally started to gain some traction in the second half of 2017 on reports the company's transition to the driverless, electric age of the auto industry may be going smoother than anticipated. Read More »

Broadcom Ups Acquisition Offer, Tells Qualcomm Its 'Best And Final'


Applications for our products in these end markets include: data center networking, home connectivity, set-top box, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and electronic displays. Read More »

USA trade deficit hits the highest level in nine years in 2017


The trade deficit grew by 12.1 percent in 2017, soaring to $566 billion, the highest since the deficit hit $708.7 billion in 2008, the Department of Commerce revealed Tuesday, according to multiple reports . Greater prosperity tends to result in increased consumer spending, often on foreign imports. The president has to decided in the next couple of months whether he will act on the steel and aluminum case reports on his desk that argue for higher tariffs based on national security ... Read More »

FTSE 100 falls 1% in increased volatility in financial markets


For many stock investors, the rout in markets is likely to have come as a bit of a shock or at least a timely reminder that share prices can go down as well as up. It was the second day that markets in Europe and Asia fell. This session was the fifth consecutive day of losses for the index, its longest losing streak since November, in a broad-based sell-off where only a handful of stocks were trading in positive territory. Read More »

Stagecoach East Coast rail franchise to finish early


The transport secretary told the Commons on Monday that Stagecoach would also be walking away much sooner than planned, as the service's future was "much more urgent" and changes were required in "the very near future". "There has been much misinformation about this franchise so it is worth stressing again at the outset that - because payments to the government have been subsidised by Stagecoach - the taxpayer has still profited financially from this franchise", Grayling told Parliament. Read More »

Acadian Asset Management LLC Decreases Position in Noble Midstream Partners LP (NBLX)

With an institutional ownership near 79.6%, it carries an earnings per share ratio of 4.82. Brookfield Asset Management Inc decreased Enable Midstream Partners Lp (ENBL) stake by 58.53% reported in 2017Q3 SEC filing. The firm has a market capitalization of $5,516.73, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.86 and a beta of 1.74. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 54. Read More »

LTCG to Keep Financialisation of Corporate Savings in Check, Hasmukh Adhia Says


The return on investment in equity is already quite attractive even without tax exemption and therefore there is a strong case for bringing long term capital gains from equities in the tax net, he stated. The MSCI All Country Index of equity market went down by 3.4 percent in the last week and particularly in the last two days. "The long-term capital gains will be computed by deducting the cost of acquisition from the full value of consideration on the transfer of the long-term capital ... Read More »

Oil Prices Fall as Stocks Selloff Rattles Market


Friday's USA payroll reports showed that wages were growing at their fastest pace in over eight years, spurning global inflation concerns. Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weakening trend in Asian trade, where it extended declines since the end of last week amid a wider market sell-off and a stronger dollar . Read More »

DXB is still the world's busiest worldwide airport


Going by reports, the global traffic at the Dubai airport recorded a 5.5% growth taking the number of passengers to 4.6 million in comparison to the number of previous years. The airport began serving six new carriers in 2017, including SalamAir, Badr Airlines and Air Moldova. London was the top destination city with 4 million passengers, followed by Mumbai with 2.5 million passengers and Jeddah with 2.1 million passengers. Read More »

The Dow Jones' Worst Point Decline in History


The worst point drop for a single day was the 777 decline on September 29, 2008, when Congress first failed to approve the government's bank bailout plan. Average hourly wages went up last month the most in eight years. US stocks plunged the most in 6 1/2 years February 5, with the Dow Jones Industrial Average sinking more than 1,100 points , as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Read More »

Australia's central bank keeps rates at record low as inflation remains soft


Australia's central bank chief Philip Lowe reinforced that a return of rapid wage growth remains a distant prospect despite strengthening business investment and a hiring bonanza. There's also likely to be few changes in the bank's view on the housing market given numerous same trends seen in late 2017 have continued in early 2018. Read More »

New study calls for introduction of 'vaping lounges' in hospitals


E-cigarette use does not prevent young people from smoking, according to the Health Department. Undertaken by leading independent tobacco experts, the review indicated that vaping poses only a small fraction of the risks of smoking, meaning switching completely from smoking to vaping can deliver substantial health benefits. Read More »

Earnings Yield in Focus For Activision Blizzard, Inc. (NasdaqGS:ATVI)

To measure price-variation, we found ATVI's volatility during a week at 2.87% and during a month it has been found around 2.57%. Capital World Investors now owns 22,538,000 shares of the company's stock worth $1,297,513,000 after buying an additional 4,327,000 shares during the last quarter. Read More »

Britons waste nearly £1200 a year stuck in rush hour traffic


The study, based on an analysis of 1,360 cities in 38 countries, showed that London was the seventh worst city in the world for gridlock, above all its European rivals including Paris, Rome, Berlin and Madrid. Factoring in typically less busy non-peak weekday hours and weekends, D.C. area drivers are in congestion 11 percent of all time spent behind the wheel, according to INRIX. Read More »

Analyst Opinion Summary: Viavi Solutions Inc. (VIAV), Socket Mobile, Inc. (SCKT)


Viavi Solutions Inc . (NASDAQ:VIAV) has risen 77.76% since February 4, 2017 and is uptrending. The shares were sold at an average price of $9.00, for a total value of $90,000.00. Viavi Solutions Inc had 13 analyst reports since August 5, 2015 according to SRatingsIntel. While having a peek at profitability ratios Viavi Solutions Cmn (NASDAQ:VIAV) has trailing twelve month gross margin at 60%, its trailing twelve month operating margin stands at 1.7% whereas its trailing twelve month net ... Read More »

Lexington Realty Trust (LXP) stock RSI touches to 27.31 it is oversold

About 994,549 shares traded or 67.90% up from the average. (NYSEMKT:IRT) has risen 20.69% since February 5, 2017 and is uptrending. It has underperformed by 2.61% the S&P500. Vornado Realty Trust (NYSE:VNO)'s shares outstanding are 189.88. The company has market cap of $765.11 million. It owns a diversified portfolio of equity and debt investments in single tenant commercial properties. Read More »

Why the stock market is selling off, explained


From their recent high, United States shares have fallen 3.9% making it the deepest pullback since a 4.8% fall prior to the November 2016 U.S. election. Those are periods where the market dipped and people predicted the worst, but we didn't even end up in a true correction. The next table shows United States share market falls greater than 10% since the 1970s. Read More »

Bank to hold rates amid speculation over May hike


The Reserve Bank of Australia have chosen to keep the cash rate at 1.5 per cent for a 17 consecutive month. "One continuing source of uncertainty is the outlook for household consumption", the bank said in December , adding that "household incomes are growing slowly and debt levels are high". Read More »

NJ Governor Imposes Net Neutrality Rules


During the signing, Murphy stated the repeal was, "arbitrary and risky and will gives outsized power to a few big companies to control the free flow of information". "Without net neutrality, businesses and communities around New Jersey will suffer", Gonzalez said . Last December, the FCC voted 3-2 to repeal those rules. Read More »