Economy / 989

AMD spikes after earnings beat (AMD)

July 28, 2017

Citigroup Inc. reissued a sell rating on shares of Advanced Micro Devices in a report on Wednesday. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. Oregon Pub Employees Retirement Fund has invested 0.06% in Advanced Micro Devices, Inc. Non-GAAP operating expenses were $381 million, up 5% sequentially as AMD continues to invest in growth opportunities.

Diamondrock Hospitality (NYSE:DRH) Earns Coverage Optimism Score of 0.35

July 28, 2017

Diamondrock Hospitality (NYSE: DRH ) last released its quarterly earnings data on Friday, May 5th. It has outperformed by 16.59% the S&P500. Forsta AP Fonden now owns 86,000 shares of the real estate investment trust's stock valued at $942,000 after buying an additional 57,400 shares during the period.

CMP proposing new transmission line to tap Hydro-Quebec power

July 28, 2017

CMP says that the projects would "help stabilize electricity costs, protect consumers, and reduce carbon emissions by 1.4 million metric tons" as well as provide $150 million in annual electricity cost savings by expanding access to Hydro-Québec's hydro power resources.

Ingredion Incorporated (INGR) Shares Sold by APG Asset Management NV

July 28, 2017

Assetmark Inc. now owns 975 shares of the company's stock valued at $118,000 after buying an additional 500 shares during the period. Ingredion Inc ( INGR ) has $8.78 billion valuation. 8,998 were accumulated by Advantus Capital. Finally, BMO Capital Markets reiterated a "hold" rating and set a $125.00 target price on shares of Ingredion in a research report on Wednesday, April 12th.

Renaissance Technologies LLC Invests $358.13 Million in The Priceline Group Inc. (PCLN)

July 28, 2017

Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of The Priceline Group during the fourth quarter worth about $2,343,000. Fiduciary Trust reported 184 shares. Williams Jones Assoc Limited Com holds 0.04% or 16,776 shares. Liberty Capital Mgmt invested in 140 shares or 0.01% of the stock.

World Acceptance Corporation (NASDAQ:WRLD) Receives An Update From Brokers

July 28, 2017

Credit Acceptance Corp. It has outperformed by 10.76% the S&P500. J Goldman & Company Lp sold 83,500 shares as the company's stock declined 31.96% while stock markets rallied. Claar Advsr Llc stated it has 0.9% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). It dropped, as 67 investors sold ORCL shares while 585 reduced holdings.

McDonald's Corporation (NYSE:MCD) Stake Held by Searle & CO

July 28, 2017

MCD has been the topic of a number of analyst reports. M&T Financial Bank Corp accumulated 459,791 shares. GLG LLC now owns 48,908 shares of the fast-food giant's stock valued at $5,953,000 after buying an additional 3,109 shares in the last quarter.

The RPC, Inc. (RES) Downgraded to Neutral at Seaport Global Securities

July 28, 2017

RPC posted sales of $143.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 186.9%. On average, analysts expect that RPC will post $0.63 EPS for the current fiscal year. Institutional investors and hedge funds own 40.26% of the company's stock. Meadow Creek Investment Management LLC boosted its position in RPC by 86.9% in the first quarter.

Prudential Financial Inc. Maintains Stake in Washington Real Estate Investment Trust (WRE)

July 28, 2017

At the time of writing, the 14-day ADX for Washington Real Estate Investment Trust ( WRE ) is noted at 17.61. 5/3/2017-Scotiabank Reiterated Rating of Sector Perform. (NASDAQ:QCOM) for 13,050 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NASDAQ:QCOM) or 15,026 shares. It also reduced Chubb Limited stake by 13,804 shares and now owns 107,834 shares.

Amazon's Jeff Bezos surpasses Bill Gates as richest person in the world

July 28, 2017

His total net worth has grown considerably over the past year thanks to his 17% share in Amazon and his ownership of the Washington Post. This was due to it ramping up investment spend on video content and global expansion. However, his time at the top of the money tree was short-lived, as a slip in Amazon's share price in the afternoon put Mr Gates in front again. "You tend to expect companies like this to grow their expenses at a slower rate than their revenues ", said Michael Pachter, ...

NA Has $273000 Stake in Western Union Company (The) (NYSE:WU)

July 28, 2017

The institutional investor held 6,211 shares of the aerospace company at the end of 2016Q4, valued at $967,000, down from 9,156 at the end of the previous reported quarter. The stock has a market cap of $9.27 billion, a P/E ratio of 42.657 and a beta of 1.19. The stock has a 50 day moving average price of $19.11 and a 200 day moving average price of $20.06.

Baggage handlers at Pearson Airport may go on strike Thursday

July 28, 2017

Swissport has tendered a final offer to the union but Badial said that leadership will ask members to reject that offer when they vote this morning. "I've been working here for 20 years and I've never seen such a united front". The union had raised issues regarding the training of new, temporary workers hired last May by Swissport to deal with the summer travel rush. That's a clear signal to us that these guys are just here to replace our jobs", "Badial said.

UOB's Q2 net profit up 5.5%; net interest margin improves to 1.75%

July 28, 2017

The smallest of Singapore's three listed banks posted a net profit of S$845 million for the period from April to June, compared to S$801 million during the same period a year ago. The ratio of non-performing loans, or bad loans, rose to 1.5% in the second quarter, compared with 1.4% previous year, United Overseas said. "Our asset quality was stable and core capitalisation remained high, reflecting our discipline in keeping a strong balance sheet through economic cycles", said Mr Wee Ee Cheong, ...

ONGC June qtr profit feels pricing heat, down 8%

July 28, 2017

Net profit for the quarter stood at Rs 3,885 crore as compared to Rs 4,233 crore in the corresponding quarter last fiscal. The revenue came in lower by 12.2 percent at Rs 19,073 crore against previous quarter's Rs 21,714 crore. These levies fell 40 percent from the previous quarter to Rs 4,490 crore. "Out of the five discoveries, three have been made in offshore blocks while two discoveries have been made in onshore blocks", ONGC said in a statement.

Glencore finally snaps up a stake in Australian coal assets for $1bn

July 28, 2017

The proposed joint venture should also allow greater sharing of infrastructure and coal processing in the Hunter Valley between the two coal mining giants. Glencore said it would nominate the candidates for the site's general manager, while Yancoal would nominate candidates for the financial controller position.

BidaskClub Downgrades Integra LifeSciences Holdings Corporation (NASDAQ:IART) to Hold

July 28, 2017

It is negative, as 37 investors sold Integra Lifesciences Holdings Corp shares while 58 reduced holdings. Quadrant Capital Group LLC now owns 1,209 shares of the medical research company's stock worth $109,000 after buying an additional 41 shares in the last quarter.

Recent Price Moves Of: The Bank of New York Mellon Corporation (BK)

July 28, 2017

The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Northfield Bancorp, Inc. (NASDAQ:NFBK) Trading Volume Significantly Lower

July 28, 2017

About Beneficial Bancorp , Inc. Alliancebernstein L.P. lowered its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK). According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 0 analysts "buy", 4 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

The Case for and Against First Solar, Inc. (FSLR)

July 28, 2017

Parametric Limited Liability Company reported 127,768 shares. As per Friday, September 30, the company rating was initiated by Williams Capital Group. Perhaps, that suggests something about why 62.96% of the outstanding share supply is held by institutional investors. But the realization that solar panels can now compete, in many markets, against other forms of power without subsidy is now raising shares in names like FSLR stock.

GlaxoSmithKline PLC (NYSE:GSK) Declares Dividend Increase - $0.49 Per Share

July 28, 2017

HSBC Holdings plc restated a buy rating and issued a GBX 1,970 ($25.66) price target on shares of GlaxoSmithKline plc in a research note on Thursday, April 27th. The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. The ex-dividend date of this dividend is Thursday, August 10th.

First Quadrant LP CA Maintains Stake in Capital One Financial Corporation (COF)

July 28, 2017

It has underperformed by 32.39% the S&P500. Finally, Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial Corporation by 10.4% in the first quarter. Miles holds 0.97% or 18,180 shares. Gam Ag invested in 0.12% or 78,886 shares. CLSA upgraded Capital One Financial Corp. (NYSE:COF) for 15,030 shares.

Trend Analysis Report: Crown Castle International Corp (NYSE:CCI)

July 28, 2017

About 959,001 shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 27, 2016 and is downtrending. Dynamic Advisors Solutions LLC purchased a new stake in shares of Crown Castle International Corporation during the first quarter valued at $4,097,000.

Prudential Financial Inc. Invests $276000 in Masonite International Corporation (NYSE:DOOR)

July 28, 2017

It closed at $17.47 lastly. It is down 3.64% since July 25, 2016 and is downtrending. It has underperformed by 7.80% the S&P500.The move comes after 7 months positive chart setup for the $774.06M company. They expect $1.11 EPS, up 8.82% or $0.09 from last year's $1.02 per share. GOV's profit will be $55.39M for 7.40 P/E if the $0.59 EPS becomes a reality.

Lawmakers move toward agreement on funding for almost bankrupt VA program

July 28, 2017

Emotions ran high at a public forum hosted by the Manchester VA Medical Center Wednesday night. He was joined by Rep. Tim Walz, the panel's top Democrat. "And that's the trouble for us currently: we have to seek care outside of the VA clinic in Agana", explained Cruz, adding, "Veterans' lives are on the line right now, and here on Guam and the Northern Marianas we depend on care outside the VA Clinic because the VA clinic can't provide that".

Replacement for burst pipe to cost €3m

July 28, 2017

Some 50,000 people in County Louth and County Meath have been without water for six days as a result of a burst water main. IRISH WATER HAS said all customers in the Louth, east and south of Meath now have water after the "complex" fix of a burst water main.

Alibaba Group Holding Limited (BABA) Hits New 52-Week High at $157.45

July 28, 2017

It has outperformed by 4.20% the S&P500. Hermes Investment Management Ltd increased Alibaba Group Hldg Ltd ( BABA ) stake by 7.8% reported in 2016Q4 SEC filing. Reeg Robert also sold $682,264 worth of Mastercard Inc (NYSE:MA) on Thursday, February 2. NETTERVILLE JAKE L sold $600,000 worth of Amedisys Inc (NASDAQ:AMED) on Friday, May 12.

Merck & Co., Inc. (MRK) — Trend Analysis Report

July 28, 2017

LS Investment Advisors has an ownership of 81,935 stocks of the firms shares valued $5,251,000 after scooping up an extra 3,420 stocks in the previous period. Parkside Bancorporation reported 18,220 shares. Last session Merck & Co., Inc. (NYSE:MRK) shares have been recently spotted -4.46% away from the 52-week high, and 11.61% away from the 52-week low mark.

Corning Incorporated (GLW) Issues Quarterly Earnings Results

July 28, 2017

Corning had a return on equity of 11.25% and a net margin of 42.69%. (GLW) is 0.42 while the analysts predicted the EPS of the stock to be 0.4 suggesting the company fell short of the analysts' expectations. If you are reading this article on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation.

Analyst at JP Morgan Reaffirms Ericsson (NASDAQ:ERIC)Stock Rating as a 'Hold'

July 28, 2017

The average revenue per share growth rate of Telefonaktiebolaget LM Ericsson ( publ ) during the past 12 months was -12.1 percent. It has underperformed by 28.95% the S&P500. For the current year the company's revenue estimates are $24.1 Billion compared to low analyst estimates of $23.11 Billion and high estimates of $25.48 Billion according to the prediction of 9 analysts.

(NYSE:RLGY) Share Price

July 28, 2017

The stock had a trading volume of 966,623 shares. Lord Abbett And Limited Liability Company has invested 0.01% in Realogy Holdings Corp (NYSE:RLGY). They now have a Dollars 37 price target on the stock. The firm has "Neutral" rating given on Monday, August 3 by Goldman Sachs. Barclays PLC restated an "underweight" rating on shares of Realogy Holdings Corp .in a report on Thursday.

First Data Corporation (FDC) Upgraded at Zacks Investment Research

July 28, 2017

On average, analysts expect that First Data Corporation will post $1.53 EPS for the current year. Over the last one year, the company has outperformed the Zacks Business Services industry. During the same quarter in the prior year, the firm earned $0.24 earnings per share . Analysts await First Data Corp (NYSE:FDC) to report earnings on August, 7 before the open.

Google says ransomware is here to stay as criminals make $1ma month

July 28, 2017

The three Google employees' research indicated that two particular types of ransomware were responsible for nearly half of the overall money made in the field during the period that they surveyed. The researchers also discovered a growing professionalism of the cyber criminals" operations, treating victims like "customers" and providing support staff to help handle "sales', rather than working as typical criminals.

Testing finds traces of risky chemical in Ben & Jerry's ice cream

July 28, 2017

Perhaps if we were living in another time, fraudulent claims about a product being "all natural" or "organically grown" wouldn't matter as much - However, we live in a world where science and technology have created genetically altered seeds for food crops laced with receptors that are favorable to new chemical weed and pest killers and our environment and climate is in a shambles.

Old Dominion Freight Line Q2 Profit Up 21%, Results Beat View

July 28, 2017

It has underperformed by 27.19% the S&P500. Richard Driehaus increased its stake in Old Dominion Freight Line ( ODFL ) by 119.17% based on its latest 2016Q4 regulatory filing with the SEC. Old Dominion Freight Line (NASDAQ:ODFL) has risen 37.85% since July 25, 2016 and is uptrending. The share price of the company (NASDAQ:ODFL) was up +0.48%, with a high of 100.63 during the day and the volume of Old Dominion Freight Line , Inc.

Brokers Issue New Targets On Open Text Corporation (NASDAQ:OTEX)

July 28, 2017

Finally, ValuEngine lowered shares of Open Text Corporation from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Wells Fargo & Company MN now owns 4,790 shares of the software maker's stock valued at $163,000 after buying an additional 2,294 shares during the last quarter.

Whole Foods profit down as same-store sales declines persists

July 28, 2017

M&A: Amazon's decision to buy Whole Foods has triggered a frenzy of speculation regarding what the online retail company's next acquisition target could be. J.P Morgan analyst Ken Goldman said some of that strength might have come from the "free publicity" from the coverage of the deal with Amazon. Whole Foods said it would not be updating its financial outlook for the year or holding a conference call to discuss its results, given the pending merger.

$0.01 EPS Expected for Eldorado Gold Corp (ELD)

July 28, 2017

Eldorado Gold Corp (NYSE: EGO ) now has a trailing P/E of -5.23 while its forward P/E according to Thomson Reuters is 14.53. BlackRock (Luxembourg) SA is the second biggest holder with 48 million shares now valued at 163.83 million whilst Fidelity Institutional Asset Management has 28 million shares valued at 96.71 million.

Lloyds Banking Group PLC (NYSE:LYG) Rating Increased to Buy at ValuEngine

July 28, 2017

Sanford C. Bernstein reissued an "underperform" rating on shares of Lloyds Banking Group PLC in a report on Tuesday, May 9th. Lloyds Banking Group plc (LYG ) reported earning per shares for the quarter ending Aug 03 BMO, whereas, 1 number of analysts estimated the mean EPS at 0.38.

SG Americas Securities LLC Reduces Stake in SuperValu Inc. (NYSE:SVU)

July 28, 2017

COPYRIGHT VIOLATION WARNING: " SuperValu Inc ". Municipal Employees Retirement System of MI boosted its position in SuperValu by 3.5% in the second quarter. During the same period in the prior year, the business posted $0.19 EPS. Equities research analysts anticipate that SuperValu Inc . will post $0.32 EPS for the current year.

Juniper Networks, Inc. (JNPR) Issues Q3 Earnings Guidance

July 28, 2017

Juniper Networks , Inc. has a consensus hold rating from 30 Wall Street analysts, and the number of shares now sold short amount to at least 4.68% of shares outstanding. The market capitalization of the company is at $10.65 Billion. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

(NYSE:RS) Upgraded to Sell at BidaskClub

July 28, 2017

The Price T Rowe Associates Inc holds 749,747 shares with $59.64 million value, up from 636,993 last quarter. 07/05/2016 - Reliance Steel & Aluminum Co. It dropped, as 221 investors sold Corecivic Inc shares while 1 reduced holdings. 5 funds opened positions while 2 raised stakes. Vanguard Group Inc. boosted its stake in Reliance Steel & Aluminum Co.by 4.2% in the first quarter.

Deal Reached in VW Diesel Emissions Scandal

July 28, 2017

Regulators said extensive testing shows the fix will not affect "vehicle reliability or durability". The September 2015 disclosure that VW intentionally cheated on emissions tests for at least six years led to the ouster of its chief executive, damaged the company's reputation around the world and prompted massive bills.

Viacom (NASDAQ:VIA) Given Media Sentiment Rating of 0.55

July 28, 2017

Shares of Viacom ( NASDAQ:VIA ) traded up 3.27% during midday trading on Thursday, reaching $41.05. Annual EPS Growth of past 5 years is 0.00%. Based on a consensus daily volume of 4,202,090 Stocks, the short-interest ratio is presently 4.3 days.

KKR's Korea vehicle parts deal is bet on electric future

July 28, 2017

LS Group will sell the copper foil and flexible copper clad laminate business under LS Mtron to KKR. In KKR's view the automotive industry faces a bumpy ride as more and more. LS Mtron will focus on growing its key tractor business after completing the sell-off. Established in 1973, LS Automotive is a leading auto parts company in Korea that has successfully established globally competitive positions in high-growth auto component segments including switches, interior lamps and human ...

Stocks climb as corporate profits rise, investors await Fed

July 28, 2017

The Dow Jones industrial average gained 115 points, or 0.5 percent, to 21,728, and the Nasdaq composite rose 12, or 0.3 percent, to 6,431. Other markets: European stock markets were uniformly higher while Asian markets (http://www.marketwatch.com/story/japan-aussie-stocks-continue-to-rise-spurred-on-by-commodity-prices-2017-07-26) closed mixed.

France to nationalize shipyard after stake dispute with Italy: minister

July 28, 2017

Fincantieri in May bought 66.6% of STX France from South Korea's STX Offshore and Shipbuilding as part of bankruptcy proceedings but on Wednesday Le Maire said Paris would exercise its pre-emption rights unless Fincantieri accepted an offer to divide STX's capital 50-50.

Ally Financial tops Street 2Q forecasts

July 28, 2017

Harris Associates L P increased its position in shares of Ally Financial by 12.0% in the first quarter. $0.48 is the ADY. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.12 per share. Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 27th. Deutsche Bank maintained the shares of ALLY in report on Wednesday, May 4 with "Buy" rating.

CyrusOne Inc (NASDAQ:CONE) Trading Volume Significantly Lower

July 28, 2017

The company was maintained on Thursday, February 25 by Stifel Nicolaus. The firm earned "Buy" rating on Monday, July 17 by Stifel Nicolaus. CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, May 3rd. Tremblant Gru reported 2.88% in CyrusOne Inc (NASDAQ:CONE). Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust's stock valued at $152,000 after buying an additional 484 shares during the period.

Home Depot, Inc. (The) (HD) Shares Sold by OLD National Bancorp IN

July 28, 2017

Wedge Capital Management L L P NC's holdings in Home Depot, Inc. Ltd. boosted its position in Home Depot, Inc. (The) by 11.7% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer's stock valued at $1,270,050,000 after buying an additional 108,242 shares during the period.

Senior Housing Properties Trust (SNH) Lowered to Sell at BidaskClub

July 28, 2017

Creative Planning now owns 22,387 shares of the company's stock worth $458,000 after buying an additional 802 shares during the period. Cantor Fitzgerald maintained Senior Housing Properties Trust (NASDAQ:SNH) on Friday, June 9 with "Buy" rating .

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