Economy / 852

Oil prices edge lower after Hurricane Harvey rips through Texas

September 01, 2017

Benchmark U.S. gasoline prices were more than 26 percent higher on the week, and the premium of front-month contract to the second month hit a almost five-year high. The disruption will mean that much of the country could see higher gasoline prices soon. Canadian heavy crude differentials hit their widest level in five months on Tuesday as more U.S.

Drones providing birds' eye views of Harvey flooding

September 01, 2017

Aviation regulators imposed a prohibition on hobbyist drones and other civilian aircraft flying in the area affected by Tropical Storm Harvey after concerns were raised about potential interference of rescue efforts . "This offers high quality visuals of equipment, components and cabling so our engineers can remotely view cell sites safely from the ground - all in real time".

Oil prices dip on refinery shutdown

September 01, 2017

The storm caused the closure of many oil platforms in the Gulf, and about a fifth of the region's oil output remained shut down , according to United States authorities. But not all of it can be withdrawn. The sale was the first in a series of planned draw-downs through 2025 totaling nearly 190 million barrels, or 27% of the reserve.

The Diamond Hill Capital Management Inc. Lowers Position in Wells Fargo & Company

September 01, 2017

The expanded analysis of more than 165 million retail banking accounts found an additional 981,000 potentially unauthorized accounts were opened from January 2009 to September 2016. The company ended up paying $185 million to regulators and settled a class-action suit for $142 million. Of those, 2.1 million "potentially" unauthorized accounts were uncovered.

Finance Ministry, RBI discuss scope for more surplus transfer in FY18

September 01, 2017

Nevertheless, the sharp cut could potentially disrupt the government's Budget maths, considering that it intends to stick to the fiscal deficit target of 3.2% for the current fiscal while continuing to boost expenditure to spur the economy.

FireEye, Inc. (FEYE) Sees Significant Growth in Short Interest

September 01, 2017

It has been assigned a low target price of $59 and a high target price of $77. The company now has an average rating of "Hold" and an average price target of $16.05. These shares are worth $1,010,523 and were traded at $14.46 each. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .

Columbus McKinnon Corporation (NASDAQ:CMCO) Under Analyst Spotlight

September 01, 2017

About 1.04M shares traded. McEwen Mining Inc (NYSE:MUX) has risen 12.45% since August 29, 2016 and is uptrending. It has underperformed by 19.46% the S&P500. Martingale Asset LP accumulated 47,026 shares. (NYSE:PFE) for 139,100 shares. Among 4 analysts covering Columbus McKinnon (NASDAQ:CMCO), 3 have Buy rating , 1 Sell and 0 Hold.

Sushma Swaraj in Colombo to attend Indian Ocean Conference

September 01, 2017

Sri Lankan authorities released 76 Indian fishermen on the day that the Indian external affairs minister, Sushma Swaraj arrived on the island to participated in the Indian Ocean Conference. "We want to develop the Indian Ocean into an area where peace will prevail and all countries will benefit", the minister said. Apart from establishing a naval base at Djibouti in the Horn of Africa, China is now building ports in Sri Lanka's Hambantota and Pakistan's Gwadar.

Former Morrisons boss flies home to head up Dublin airport owner

September 01, 2017

State-owned DAA is parent company of leading travel retailer Aer Rianta International (ARI). He later joined the Weston family as chief executive of Brown Thomas before becoming chief operating officer for the group's Canadian business, Loblaw Companies Ltd.

Horizon Pharma Inc (NASDAQ:HZNP) Institutional Investor Sentiment Trend

September 01, 2017

Northwestern Mutual Wealth Management holds 0% in Horizon Pharma PLC (NASDAQ: HZNP ) or 358 shares. Ratings analysis reveals 77% of Horizon Pharma's analysts are positive. HZNP was included in 39 notes of analysts from September 9, 2015. The rating was maintained by Craig Hallum on Friday, November 4 with "Buy". Oppenheimer has "Hold" rating and $3500 target.

IL Takes Position in Nuance Communications, Inc. (NUAN)

September 01, 2017

The stock now has an average rating of "Hold" and an average price target of $20.11. FIL Ltd increased its stake in Nuance Communications by 8.0% in the first quarter. Finemark Bankshares Tru holds 0.01% or 9,545 shares in its portfolio. $875,514 worth of Nuance Communications Inc. (NASDAQ:NUAN) was sold by Bowden Adam Bruce on Wednesday, April 5.

Could TravelCenters of America LLC (TA) Decline After Today's Big Increase?

September 01, 2017

Gsa Cap Prtn Limited Liability Partnership accumulated 429,996 shares. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. (NASDAQ:LXRX), its shares were trading at $14.16 a retreat of $-0.05, on the trading floor. The company's consensus rating on Reuter's scale remained unchanged from 2 to 2 during a month.

Barrick Gold Corporation (ABX) Receiving Somewhat Favorable Press Coverage, Analysis Shows

September 01, 2017

Barrick Gold Corporation (ABX ) surprised the stock market in its last reported earnings when it earned $0.22 a piece versus the consensus-estimated $0.19. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. In an overview of the current analyst recommendations, Buy count is 12 and Overweight is 3 while the number of analysts recommending Sell and Underweight are 1 and 0, respectively.

Institutional Investors Have Increased Interest in Navios Maritime Holdings Inc. (NYSE:NM)

September 01, 2017

The shares price has positioned -6.73% down over the past quarter while it has directed 10.37% toward a rising position throughout past six months. Nvidia Corp now has $99.45 billion valuation. JPMorgan Chase & Co. raised its stake in Navios Maritime Partners by 182.8% in the first quarter. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, November 24.

Analysts are on the Bearish side about Helmerich & Payne, Inc

September 01, 2017

About 95,128 shares traded. Willis Lease Finance Corporation (WLFC) has risen 6.47% since August 27, 2016 and is uptrending. It has underperformed by 81.34% the S&P500.The move comes after 6 months positive chart setup for the $68.84M company.

Jacobs Engineering Group Inc. (JEC) Shares Bought by Greenwood Capital Associates LLC

September 01, 2017

It has underperformed by 9.37% the S&P500. Jacobs Engineering Group Inc. has a one year low of $49.15 and a one year high of $63.42. The Maryland-based Profund Advisors Limited Liability Company has invested 0.01% in Jacobs Engineering Group Inc (NYSE: JEC ).

NXP Semiconductors NV (NASDAQ:NXPI) Trading Volume Significantly Lower

September 01, 2017

As of the end of the quarter Vivaldi Asset Management, LLC had acquired a total of 465,894 shares growing its stake by 221.3%. As of the last earnings report the EPS was $5.63 and is estimated to be $6.30 for the current year with 251,752,000 shares outstanding.

Where Technical Charts Stands for The Goodyear Tire & Rubber Company (GT)

September 01, 2017

Currently, 9.0% of the company's stock are short sold. Royce & Associates LP boosted its stake in shares of Cooper Tire & Rubber by 39.0% in the first quarter. Vident Investment Advisory, LLC expanded its holdings by buying 1,277 shares an increase of 1.9%. Royce & Associates LP now owns 2,586,294 shares of the company's stock worth $114,702,000 after buying an additional 726,152 shares during the period.

Mnuchin Sees Closer Debt-Limit Deadline as Harvey Demands Grow

September 01, 2017

As President Donald Trump rallies support for his effort to overhaul the United States' tax code with a tour across America's heartland, an administration official teased on Thursday that details of the plan will be released soon. Mnuchin told lawmakers in July they needed to raise the debt limit by Sept 29, otherwise the US government might not have enough money to pay all its bills.

Crossvault Capital Management LLC Has $1098000 Position in Pfizer, Inc. (PFE)

September 01, 2017

Acropolis Invest Mgmt Limited Company holds 5,151 shares or 0.03% of its portfolio. (NYSE: PFE ) shares closed down -0.15% to finish at $33.45. During the session shares traded on below-average volume. Dowling & Yahnke Limited Co reported 214,245 shares. Endurance Wealth Management invested in 1.14% or 196,487 shares. Next holds 0% or 36,900 shares in its portfolio.

Harvey Could Become the Costliest Natural Disaster in US History

September 01, 2017

Myers , Accuweather's founder, president and chairman. The economy's impact, by the time its total destruction is completed, will approach $160 billion, which is similar to the combined effect of Hurricanes Katrina and Sandy. Harvey is responsible for at least 31 deaths - a figure that is likely to rise in the days and weeks to come. Myers said meteorologists did a "very good job" in warning people about Harvey, but said public officials were slow to react in some cases or simply didn't ...

Analysts Showing Optimistic Trends For The Hartford Financial Services Group, Inc. (HIG)

September 01, 2017

Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Many analysts are providing their Estimated Earnings analysis for The Hartford Financial Services Group, Inc. The company had revenue of $4.77 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business earned $0.31 EPS.

United Continental Holdings, Inc. (UAL) Buy, Sell or Hold Now?

September 01, 2017

The rating was maintained by UBS with "Buy" on Wednesday, June 7. Credit Suisse Ag reported 0.03% stake. The firm has "Equal-Weight" rating by Morgan Stanley given on Thursday, January 5. (NYSE:UAL) recently traded as high as $62.76. The rating was upgraded by KeyBanc Capital Markets to "Overweight" on Tuesday, February 14. The firm has "Buy" rating by Stifel Nicolaus given on Monday, October 24.

Franco-Nevada Corporation (NYSE:FNV) Traded 6.8% Above Its 50 Day Average

September 01, 2017

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was upgraded by ValuEngine from a "sell" rating to a "hold" rating in a research report issued on Tuesday. Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.06, from 0.89 in 2016Q3. It improved, as 7 investors sold CNOB shares while 32 reduced holdings.

UK Prime Minister May seeks to reassure Japan on Brexit

September 01, 2017

She pledged that Britain would deepen trade relations and become even more outward-looking post-Brexit. "And there are few places where the opportunities of doing so are greater than Japan". The agreement will also see the United Kingdom offer cyber security and counter-terrorism expertise to Japan ahead of the Toyko Olympics in 2020. The prime minister has sought to consolidate her position by negotiating a governing agreement with the Democratic Unionists and overhauling the way Downing ...

US Dollar Index and Treasury Yields Regain Strength on August 30

September 01, 2017

The rebound in USA stock appears to have calmed some of the fears that were weighing on the dollar, said Shahab Jalinoos, global head of FX strategy at Credit Suisse in NY. But investors still reckon that Draghi is concerned by the euro's strength. The pan-European STOXX 600 ended the session down 1 percent. MSCI's world index, which tracks shares in 46 countries, was 0.07 per cent higher.

IShares Russell 2000 Index (IWM) Position Decreased by Cornerstone Advisory LLP

September 01, 2017

The weekly steps can be used to determine a near-term trend. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Currently, the 14-day ADX for iShares Russell 2000 Growth ETF (IWO) is sitting at 16.33. A value of 25-50 would support a strong trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Traders Alert: Thermo Fisher Scientific, Inc. (TMO)

September 01, 2017

It has underperformed by 9.16% the S&P500. This move has generated increased interest from both analysts and investors.Since the start of the calendar year, Thermo Fisher Scientific Inc . Livforsakringsbolaget Skandia Omsesidigt accumulated 6,051 shares. S&Co holds 31,681 shares or 0.8% of its portfolio. Cibc Asset has invested 0.09% of its portfolio in Thermo Fisher Scientific Inc .

Analyst's Indicator Review for Sanchez Energy Corporation (SN), Bemis Company, Inc. (BMS)

September 01, 2017

The company has its outstanding shares of 85.25 Million. The stock now has a Market Cap of $3.83B. If the published price targets set by Sanchez Energy Corporation analysts have any power to influence the stock's share price, the highest price target set for SN is $14.

What Does Institutional Ownership Look Like At Ascena Retail Group, Inc. (ASNA)?

September 01, 2017

Groupe Cgi Incorporated (NYSE:GIB) had an increase of 0.74% in short interest. Looking forward, the company is expected to report earnings of $0.05 per share for the current quarter. Nationwide Fund Advsrs reported 122,342 shares. According to Ascena Retail Group, Inc .'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 98.78%.

Analyst Research and Ratings: United Parcel Service, Inc. (UPS), Netflix, Inc. (NFLX)

September 01, 2017

JP Morgan downgraded the stock to "Neutral" rating in Monday, October 17 report. Wood maintained Medley Management Inc (NYSE:MDLY) rating on Friday, August 12. (NYSE:UPS) has "Buy" rating given on Tuesday, September 22 by S&P Research. On Wednesday, February 1 the stock rating was maintained by Barclays Capital with "Equal Weight".

McEwen Mining Inc. (MUX) closed at $2.58 with 0.39%

September 01, 2017

As we move into the second half of the year, investors may be looking to jumpstart their portfolios. This would be a significant uptick for a stock that has flirted with 5.00 before when it set the previously mentioned 52-week high of 4.43.

Tuttle Tactical Management LLC Invests $370000 in Sherwin-Williams Company (The) (SHW)

September 01, 2017

The stock rose 0.41% or $1.39 reaching $339.39 per share. About 107,703 shares traded. Sherwin-Williams Company (The) (NYSE: SHW ) last announced its quarterly earnings results on Thursday, July 20th. Sherwin-Williams Company (The) had a net profit margin of 9.14% and a ROE of 63.81%. the company reported sales of $3.74 B for the period, compared to the average forecast of $3.83 B.

The Amgen's (AMGN) "Buy" Rating Reaffirmed at Cann

September 01, 2017

Among 21 analysts covering Amgen Inc. The stock increased 0.82% or $1.42 during the last trading session, reaching $173.65. Finally, Oppenheimer Holdings, Inc. Apple Inc Com (NASDAQ:AAPL) was reduced too. BALTIMORE DAVID had sold 3,700 shares worth $569,541 on Wednesday, May 31. Investors sentiment decreased to 1.15 in Q4 2016.

The Medtronic PLC (MDT) Stock Rating Lowered by BidaskClub

September 01, 2017

The rating was maintained by Jefferies on Friday, September 4 with "Hold". Pillar Pacific Capital Management Llc sold 13,185 shares as Medtronic Plc ( MDT)'s stock rose 5.51%. Ordinary Shares (NYSE:MDT). Canada Pension Plan Investment Board invested in 0.1% or 379,172 shares. Long Road Investment Counsel Llc owns 40,165 shares or 8.6% of their United States portfolio.

Motorola Solutions, Inc. (NYSE:MSI) Under Analyst Spotlight

September 01, 2017

Motorola Solutions, Inc. most recently reported earnings per share (EPS) of $1.12 for the June 2017 versus $1.03 in the same quarter past year, representing 9% growth. 05/22/2017 - Motorola Solutions, Inc. was upgraded to "outperform" by analysts at Raymond James. Citigroup initiated the shares of CLXT in report on Tuesday, August 15 with "Buy" rating.

The Bottom Line on Chevron Corporation (CVX), The Western Union Company (WU)

September 01, 2017

Empyrean Capital Partners Lp who had been investing in Dynegy Inc New Del for a number of months, seems to be less bullish one the $1.26B market cap company. Meridian Counsel Inc holds 57,533 shares. Iat Reinsurance holds 0.32% or 16,000 shares in its portfolio. Harvey Investment Llc holds 0.42% of its portfolio in Chevron Corporation (NYSE:CVX) for 16,996 shares.

Buy, Sell and Hold Suggestions for Targa Resources Corp. (TRGP)

September 01, 2017

It has outperformed by 1.72% the S&P500. The stock of New Senior Investment Group Inc (NYSE:SNR) is a huge mover today! The collective rating of 2.4 for Baker Hughes, a GE company (NYSE:BHGE) also leans strongly towards the neutral end of the spectrum.

Recent Analysts Ratings Petroleo Brasileiro SA - Petrobras (PBR)

September 01, 2017

The company shows its Return on Assets (ROA) value of -1.1%. The volume of 3.31 Million shares climbed down over an trading activity of 3.7 Million shares. On Friday, October 14 the stock rating was maintained by Needham with "Buy". The rating was maintained by BMO Capital Markets on Thursday, June 1 with "Hold".

Unusual Activity Spotted in Amazing Energy Oil and Gas Co (AMAZ)

September 01, 2017

When the price is below the Balance Step, this generally spells a bearish trend. Investors may be employing many various trading strategies when approaching the markets. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum.

Delphi Automotive PLC (DLPH) Given Consensus Recommendation of "Buy" by Brokerages

September 01, 2017

More notable recent Delphi Automotive PLC (NYSE: DLPH ) news were published by: Seekingalpha.com which released: " Delphi Automotive Plc (DLPH ) Q2 2017 Results - Earnings Call Transcript" on August 02, 2017, also Nasdaq.com with their article: "Ecofin Ltd Buys First Solar Inc, Delphi Automotive PLC, Algonquin Power ..." published on August 18, 2017, Detroitnews.com published: "Delphi partners with Innoviz on driverless technology" on August 18, 2017.

Nissan Intelligent Rear View Mirror debuts on 2018 Armada

September 01, 2017

More than three years after its initial appearance, Nissan's camera-in-a-rearview-mirror is finally ready for public consumption, and you can score it first on the 2018 Armada . In the real world, the mirror can be used to see through any obstruction behind the driver, including the tall passengers, bulky items in the cargo space etc., as reported by Motor Trend .

Active Stock Momentum: Rite Aid Corporation (RAD)

September 01, 2017

Apple Inc now has $843.74 billion valuation. The stock sank -14.62% last month and is down -1.67 this year. About 7,515 shares traded. It has outperformed by 45.78% the S&P500. Linscomb & Williams Inc who had been investing in Phillips 66 for a number of months, seems to be bullish on the $42.76 billion market cap company. (NASDAQ:AAPL).

Aviva PLC Has $7.39 Million Position in DR Horton, Inc. (DHI)

September 01, 2017

COPYRIGHT VIOLATION WARNING: "Gratus Capital LLC Has $290,000 Stake in D.R. Horton, Inc". The stock rose 0.96% or $0.34 reaching $35.62. About 90,950 shares traded. Swiss National Bank now owns 1,255,274 shares of the construction company's stock worth $41,813,000 after buying an additional 281,200 shares in the last quarter.

Pending home sales down again

September 01, 2017

NAR is predicting that sales will end the year at around 5.49 million unions, up 0.7 percent from 2016. "The housing market remains stuck in a holding pattern with little signs of breaking through'" said NAR Chief Economist Lawrence Yun .

Oil down as USA refineries struggle from Harvey impact

September 01, 2017

Hurricane Harvey , which brought record flooding to the USA oil heartland of Texas and killed at least 35 people, has paralyzed at least 4.4 million barrels per day (bpd) of refining capacity, according to company reports and Reuters estimates.

Guillermo del Toro still interested in making spot-motion Pinocchio film

September 01, 2017

Del Toro just can't get the funding necessary to pull off his vision, so the project will have to wait for now to be made. It's that tightrope of genre film, romance, and societal fears that del Toro walks on and he does it magnificently.

Robert W. Baird Reiterates $85.00 Price Target for Allegion PLC (ALLE)

September 01, 2017

About 1.26 million shares traded. 3M Co (NYSE:MMM) has risen 18.59% since August 30, 2016 and is uptrending. Southeast Asset Advisors Inc decreased Allegion Pub Ltd Co (ALLE) stake by 26.89% reported in 2016Q4 SEC filing. As of the last earnings report the EPS was $2.59 and is projected to be $3.78 for the current year with 94,984,000 shares now outstanding. Morgan Stanley stated it has 0% in Allegion PLC (NYSE:ALLE).

Demonetisation: 10 figures that underline impact of PM Modi's note ban

September 01, 2017

He has to accept moral responsibility. July 1, 2017: Three lakh firms under scannerOn the occasion of Chartered Accountants Day, PM Modi addressed an event organised by the Institute of Chartered Accountants of India (ICAI). CPI's national secretary D Raja echoed Yechury's views on the issue. In another indication of a structural shift, the RBI points out "that currency demand appears to have attained a new normal (currently around 87 per cent of the pre-demonetisation peak)".

Demonetisation biggest scam, says Congress

September 01, 2017

Interacting with a group of over 80 officers serving in the Union Government yesterday, which was fourth of five such interactions, the officers shared their experiences on subjects such as innovation and teamwork in governance, healthcare, health education, agriculture, water resources, e-governance, tax administration and GST, ease of doing business, grievance redressal, and child rights.

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