Economy / 822

Republican budget could allow trillion-dollar tax cut

September 20, 2017

The catch-22 for Republicans, however, is that a budget that includes an enormous tax cut would not be revenue-neutral and would add to the federal deficit, requiring that the expire the cuts after 10 years. For Republicans to be able to push ahead without Democratic votes, their plan can't increase the deficit after 10 years. By writing such tax cuts into the budget, Republicans would be spared, for the most part, from having to choose which tax breaks to get rid of in order to pay for the ...

FedEx Corporation (FDX) Shares Sold by Bank of Montreal Can

September 20, 2017

BlackRock Inc. lifted its stake in shares of FedEx Corporation by 1,912.1% in the 1st quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider's stock worth $136,000 after buying an additional 130 shares during the last quarter.

New York governor wants credit-reporting firms to follow cyber rules

September 20, 2017

To add insult to injury, Equifax is encouraging customers whose information may have been hacked to sign up for "credit file monitoring and identity theft protection" and is offering a free one-year membership to TrustedID Premier. In a post on Equifax's investor website , the company said the "personnel changes are effective immediately ". Andrew Cuomo has announced plans to require all credit-reporting agencies to register with the state and comply with its cyber security ...

Giant Mining Trucks and Buses Are Smashing Electric Vehicle Records

September 20, 2017

Proterra's Catalyst E2 max electric bus drove over 1,100 miles on a single charge under test conditions, a new world record for any electric vehicle. The bus was driven (without any passengers on board) around the Navistar Proving Grounds in New Carlisle, Indiana. The first E2 series buses are due to reach Los Angeles streets later in 2017, so it might not be long before you can witness this longevity first-hand.

Best Buy forecasts 2021 earnings largely below estimates

September 20, 2017

Best Buy , which plans to offer an improved checkout experience and more training of associates this holiday season, is also expanding its Total Tech Support offering, which provides in-house electronic support 24/7, regardless of where a product was originally purchased.

Analysts Showing Optimistic Trends For Nabors Industries Ltd. (NBR)

September 20, 2017

Analysts giving shares a rating of 1 or 2 would be indicating a Buy. CI Investments Inc. now owns 4,292,300 shares of the company's stock valued at $43,138,000 after buying an additional 4,291,800 shares during the last quarter. Therefore 83% are positive. Nabors Industries Ltd . had 88 analyst reports since August 6, 2015 according to SRatingsIntel. (NASDAQ:HALO). At the time of writing, the First Call consensus price target for the company is $18.44.

Tyson Foods will put plans for Leavenworth County on hold

September 20, 2017

A move by Tyson Foods to build a $320 million meat-packing plant near Tonganoxie may be in trouble after Leavenworth County commissioners backed off support for the controversial facility. Tonganoxie's population is about 5,000. The Star's Hunter Woodall contributed to this report. The town's mayor, Jason Ward, works for a Kansas City law firm that does business with Tyson.

Amazon baby registry notices sent to women -- and men -- who aren't pregnant

September 20, 2017

A Blue Sky staff member - who does not have a baby registry or a baby - also received the email. What does Amazon know that you don't?! So here's another theory: Amazon looked at users' previous purchases, tagged those who'd bought baby things, figured that those users are in the time of life when and social circles where people are starting to have babies, and guessed that they might want to set up a registry sometime soon, too.

Flotek Industries, Inc. (NYSE:FTK) Sees Significantly Higher Trading Volume

September 20, 2017

The RSI oscillates between zero and 100. RSI (Relative Strength Index) highlights overbought (over 70) and oversold (under 30) areas. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Analyst's Predictions on The Williams Companies, Inc. (WMB), Alder Biopharmaceuticals, Inc. (ALDR)

September 20, 2017

The company was upgraded on Friday, October 14 by Citigroup. The rating was maintained by Piper Jaffray with "Buy" on Monday, July 10. Keefe Bruyette & Woods maintained it with "Hold" rating and $2200 target in Friday, May 26 report. They expect $-1.21 EPS, down 72.86% or $0.51 from last year's $-0.7 per share. PGR's profit will be $366.07 million for 18.94 P/E if the $0.63 EPS becomes a reality.

Red Robin Gourmet Burgers (RRGB) Getting Somewhat Favorable Press Coverage, Analysis Shows

September 20, 2017

As per Tuesday, October 25, the company rating was maintained by Maxim Group. The stock now has an average rating of "Hold" and a consensus target price of $61.14. Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, August 8th. It also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

Favorable News Coverage Somewhat Unlikely to Affect Altaba (YHOO) Share Price

September 20, 2017

It has outperformed by 18.85% the S&P500. Southpoint Capital Advisors Lp decreased Yahoo Inc (YHOO) stake by 24.45% reported in 2016Q4 SEC filing. Southpoint Capital Advisors Lp sold 500,000 shares as Yahoo Inc (YHOO)'s stock rose 11.26%.

Independence Realty Trust, Inc. (NYSE:IRT) Experiences Heavier than Usual Trading Volume

September 20, 2017

BidaskClub lowered shares of Independence Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 24th. Company shares are trading at $10.31 which is marginally higher than $10.14, the stock's 50 day moving average and just a bit higher than the 200 day moving average of $9.67.

Stock On Top of Chikou Barclays PLC (JJE) — Momentum Focus

September 20, 2017

Investors who stay committed to a plan may be able to fight off emotional urges when certain situations arise. Once the portfolio is set up, investors may realize that they need to rebalance from time to time. On the other end of the spectrum, a reading under 30 may indicate an oversold situation. Currently, the 14-day ADX for Nissan Motor Co Ltd (NSANY) is sitting at 20.35.

Ross Stores, Inc. (NASDAQ:ROST) Shares Bought by Wells Fargo & Company MN

September 20, 2017

The stock decreased 2.56% or $0.84 on September 15, reaching $32.03. About 4.53 million shares traded. (NASDAQ: ROST ) has risen 12.03% since September 18, 2016 and is uptrending. ROST's profit will be $258.35M for 22.65 P/E if the $0.67 EPS becomes a reality. ( ROST ) has a market cap of $23.37 billion and over the last 12 months, Ross Stores, Inc .

Paytm Mera cashback sale starts tomorrow, watch out for these offers

September 20, 2017

Starting September 20, Paytm Mall will return the entire amount to 25 lucky phone buyers for the next four days. The sale will have 15% to 100% cashback across all categories with the company putting aside Rs 501 crore under cashback for the sale event.

Abeona Therapeutics' (ABEO) "Buy" Rating Reaffirmed at HC Wainwright

September 20, 2017

The rating was maintained by Panmure Gordon with "Buy" on Wednesday, March 15. The rating has been released in a research note on Monday, 18 September. It has underperformed by 71.88% the S&P500. Abeona Therapeutics Inc .is a clinical-stage biopharmaceutical firm developing novel gene therapies for life-threatening rare genetic diseases.

$0.62 EPS Expected for Restaurant Brands International Inc (QSR)

September 20, 2017

Moreover, Advisors Asset Management Inc. has 0.02% invested in the company for 93,923 shares. Provise Management Group Llc owns 60,495 shares or 0.14% of their United States portfolio. The dividend will be $0.200 per share for the quarter which is $0.80 annualized. The ex-dividend date is set for Thursday the 14th of September 2017.

Enterprise Financial Services C (NASDAQ:EFSC) Trading Volume Significantly Higher

September 20, 2017

Louis, Kansas City, and Phoenix metropolitan markets. AlphaOne Investment Services LLC now owns 138,634 shares of the bank's stock valued at $5,878,000 after purchasing an additional 2,142 shares during the period. COPYRIGHT VIOLATION NOTICE: This piece was posted by BBNS and is the sole property of of BBNS. If you are reading this report on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law.

Nine NBA Teams Lost Money in 2016-17 After Revenue Sharing

September 20, 2017

Fourteen of the NBA's 30 teams lost money during the 16-17 season before collecting revenue sharing payments. At the heart of the matter: The NBA's richest are still getting rich, but they're having to share more of their profits with teams in smaller markets that are having a hard time keeping up with a rapidly escalating salary cap.

Average True Range of The Charles Schwab Corporation (NYSE:SCHW) stands at0.85

September 20, 2017

The stock declined 1.52% or $1.04 reaching $67.45 on the news. About 605,980 shares traded. Goldman Sachs Group Inc (NYSE:GS) has risen 39.23% since September 18, 2016 and is uptrending. Lazard Asset Management LLC decreased its stake in shares of The Charles Schwab Corporation (NYSE: SCHW ) by 80.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

Revenue Estimates Analysis Of Cenovus Energy Inc. (CVE)

September 20, 2017

Shares of Cenovus Energy ( CVE ) opened at 11.02 on Thursday. Its last month's stock price volatility remained 2.78% which for the week approaches 3.14%. Technical analysis is as a method that applies to take a guess of future price trends through analyzing market action. Royal Bank Of Canada reiterated an outperform rating and issued a C$23.00 price target on shares of Cenovus Energy in a report on Tuesday, July 4th.

Bed Bath & Beyond misses Street 2Q forecasts

September 20, 2017

The Bank Of Montreal holds 136,863 shares with $6.13M value, down from 160,080 last quarter. The biggest institutional shareholders in Bed Bath & Beyond Inc. Bed Bath & Beyond had 57 analyst reports since September 21, 2015 according to SRatingsIntel. The ex-dividend date of this dividend is Thursday, September 14th.

Adobe Systems Incorporated (ADBE) is WestEnd Advisors LLC's 5th Largest Position

September 20, 2017

The Congress Asset Management Company holds 581,836 shares with $59.90 million value, down from 645,434 last quarter. Morgan Stanley now owns 1,624,287 shares of the software company's stock valued at $211,367,000 after buying an additional 557,169 shares during the period.

US Current Account Deficit Hits $123.1 Billion in Q2

September 20, 2017

Donald Trump's administration has made reducing the deficit a focus. The federal government collected fewer fines and penalties from foreign sources. That category had risen sharply in the first quarter. Imports of goods and services and income payments increased $11.8 billion to $959.9 billion. The deficit amounted to 2.6% of GDP in the second quarter.

NextEra Energy's (NYSE:NEE) "Buy" Rating Reiterated at KeyCorp

September 20, 2017

Skolds acquired 800 shares of the company's stock in a transaction dated Monday, December 5th. NextEra Energy Inc (NYSE: NEE ) has risen 15.94% since September 19, 2016 and is uptrending. had its "buy" rating reiterated by analysts at UBS. Among 20 analysts covering Sap Ag ( NYSE:SAP ), 11 have Buy rating, 1 Sell and 8 Hold. Argus Research maintained the shares of NEE in report on Friday, August 7 with "Buy" rating.

Goldman Sachs Group, Inc. (The) Reaffirms "Sell" Rating for AstraZeneca plc (AZN)

September 20, 2017

The stock was trading at a distance of -8.05% from its 52-week highs and stands 28.12% away from its 52-week lows. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. After a recent check, it is observed that the insiders for the firm now own 0.50% shares.

CenturyLink, Inc. (CTL) Bonds Trading 1.2% Lower

September 20, 2017

The firm has "Neutral" rating given on Monday, July 11 by Macquarie Research. The company's shares closed on Friday at $18.98, close to its 52-week low of $18.19. More notable recent Centurylink Inc (NYSE: CTL ) news were published by: Nasdaq.com which released: "Jeff Auxier Buys LyondellBasell Industries NV, CenturyLink Inc , Cisco Systems ..." on August 17, 2017, also Finance.Yahoo.com with their article: "CenturyLink ( CTL ) Defers Level 3 Communications Acquisition" published on ...

Heaps Out as Head Coach

September 20, 2017

The Revolution return to action on Saturday to take on MLS leader Toronto FC. The Revs are now 10-14-5 and in eighth place in the Eastern Conference despite boasting a team with numerous attacking options, including Juan Agudelo, Kei Kamara and Lee Nguyen.

Morgan Stanley Has $1.57 Million Holdings in Interactive Brokers Group, Inc. (IBKR)

September 20, 2017

IBKR's profit would be $140.37 million giving it 30.79 P/E if the $0.34 EPS is correct. (NASDAQ:IBKR). Wells Fargo Mn has 0% invested in Interactive Brokers Group, Inc . It operates in two segments: electronic brokerage and market making. Investors sentiment decreased to 1.12 in 2016 Q4. Its up 0.18, from 0.76 in 2016Q3.

Universal Display Corporation (NASDAQ:OLED)

September 20, 2017

Short shares fell from 3,514,154 to 3,417,008 over that timeframe. Neuberger Berman Llc stated it has 0.04% in Universal Display Corporation (NASDAQ: OLED ). Therefore 43% are positive. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

What Does Insider Trading Tell Us About JetBlue Airways Corporation (JBLU)?

September 20, 2017

Buckingham Research downgraded the stock to "Neutral" rating in Wednesday, July 26 report. Covering sell-side analysts have recently weighed in on shares of JetBlue Airways Corporation (NASDAQ:JBLU). The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . The Kennedy Capital Management Inc holds 142,481 shares with $6.10 million value, down from 171,427 last quarter.

Twin Tree Management LP Buys New Stake in Occidental Petroleum Corporation (OXY)

September 20, 2017

The shares were bought at an average price of $61.58 per share, for a total transaction of $615,800.00. OXY trades with a P/S ratio of 4.1. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60. Therefore 33% are positive. Occidental Petroleum Corporation had 60 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Thursday, August 24 by Piper Jaffray.

Earnings Approximations to Watch: Expedia, Inc. (EXPE), Synchrony Financial (SYF)

September 20, 2017

After the latest session, which saw the stock close at a price of $29.15, SYF sits -23.41% below its 52-week high. The company beat the analyst EPS Estimate with the difference of $0.06. Synchrony Financial has a 50 day moving average of 30.20 and a 200 day moving average of 30.93. Shares of Synchrony Financial (NYSE:SYF) opened at 29.15 on Tuesday.

Chot forms 'interesting team' for FIBA Asia Champions Cup

September 20, 2017

We don't know what Blatche thinks but if and when the mega showdown happens, Austin is going to take it to Andray. Chooks-to-Go is sending out a young delegation due to unavailability of veteran players, who are now participating in the PBA Governors' Cup.

Fidelity National Information Services (FIS) Getting Somewhat Positive Press Coverage, Analysis Shows

September 19, 2017

Daiwa Sb Invests accumulated 1,550 shares or 0.03% of the stock. Looking at the other side of the coin, FIS traded as low as $73.25 in the past 52 weeks, and since then the shares have risen 27.7% or $20.29. It has a 12.22 P/E ratio. The Company's products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Rawlings, Mr.

Chevron Corporation (NYSE:CVX) Stock Traded 5.0% Above Its 50 Day Average

September 20, 2017

It has underperformed by 10.02% the S&P500. On 11/17/2016 Pierre R Breber, Insider, sold 10,000 with an average share price of $110.00 per share and the total transaction amounting to $1,100,000.00. Chevron Corporation had 75 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Goldman Sachs on Friday, March 11.

Serena Williams' fiancé loves being a father: 'Dad life is the greatest'

September 20, 2017

The newborn (or, more realistically, Williams or Ohanian), shared her first post last week, napping in a yellow onesie with the caption taking a guess at the infant's dreams. The proud mommy posted two adorable pictures in which her angel is wearing the cutest outfits. He's only been a parent for a matter of weeks now, but the co-founder of Reddit (and co-creator of little baby Alexis Olympia Ohanian Jr.) is over the moon about being a dad.

American Express Company (AXP) Shares Sold by GRT Capital Partners LLC

September 20, 2017

On Monday, September 11 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Private Advisor Group LLC now owns 26,004 shares of the payment services company's stock worth $1,997,000 after buying an additional 6,199 shares during the period.

Rockwell Collins, Inc. (NYSE:COL) Trading Down - Short Interest Down by -20.64%

September 20, 2017

Analysts are also projecting an Average Revenue Estimate for Rockwell Collins Inc.as $2.23 Million in the Current Quarter. The stock increased 0.79% or $0.38 during the last trading session, reaching $48.6. Investors sentiment increased to 1.24 in Q4 2016. Shares of COL have increased 22.56% in the past three monthswhile the S&P 500 has gained 18.87% in that time.

IShares Russell 2000 Growth ETF (IWO) Money Flow Index Levels in Focus

September 20, 2017

At the time of writing the MFI is holding above 60 and trending higher for the name. Chart analysts may also use the indicator to project possible price reversals and to define trends. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Taking a peek at some Moving Averages, the 200-day is at 140.94, the 50-day is 145.72, and the 7-day is sitting at 147.68.

Schlumberger NV (SLB) Shares Sold by Charter Trust Co

September 20, 2017

The counter witnessed a trading volume of 0.42 million shares versus an average volume of 0.4 million shares during last trading session. A number of other institutional investors have also bought and sold shares of the business. now owns 27,764 shares of the oil and gas company's stock worth $2,168,000 after purchasing an additional 2,759 shares during the last quarter. If the published price targets set by WPX Energy, Inc.

SpartanNash Company (SPTN) Coverage Initiated at BMO Capital Markets

September 20, 2017

About shares traded. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since September 18, 2016 and is uptrending. It has outperformed by 95.99% the S&P500. Deutsche Bank AG dropped their target price on SpartanNash from $40.00 to $26.00 and set a "hold" rating on the stock in a research report on Friday, August 18th.

Tropical storm warning expanded to US northeast

September 19, 2017

Dominican Prime Minister Roosevelt Skerrit warned residents to be especially cautious. What else should I know about the hurricane? Parts of Puerto Rico could see up to 25 inches (64 cm) of rain , it said . A tropical storm watch means tropical storm conditions are possible within the watch area, within 48 hours. "We have a culture of risk, we know what needs to be done", she said.

The Justice Department has reportedly opened an insider trading investigation at Equifax

September 20, 2017

For impacted Canadians we will also be providing complimentary credit monitoring and identity theft protection for 12 months. They will be in the atrium from 10:30 a.m.to 4:30 p.m. Equifax said the unauthorized access to the information occurred between mid-May and July, and was discovered by the company on July 29. Warren said her office is conducting an investigation of the breach.

Installed Building Products (IBP) Receives Media Sentiment Score of 0.13

September 20, 2017

Campbell Newman Asset Management Inc. lifted its stake in shares of Installed Building Products by 4.8% during the 2nd quarter. As of the end of the quarter Gratia Capital, LLC had bought 517,548 shares growing its holdings by 295.9%. As of the latest earnings report the EPS was $1.09 and is expected to be $1.30 for the current year with 38,420,000 shares presently outstanding. Moreover, Adams Diversified Equity Fund has 0.06% invested in Continental Building Products Inc (NYSE:CBPX) for ...

Abbot Financial Management Inc. Acquires Shares of 10877 CSX Corporation (CSX)

September 20, 2017

Janus Capital Management LLC now controls 4,038,944 shares valued at $188,013,000. The Hillsdale Investment Management Inc holds 28,580 shares with $543,000 value, down from 46,580 last quarter. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The firm earned $2.86 billion during the quarter. Next quarter's EPS is forecasted at $0.58 and the next full year EPS is projected to be $2.71.

What's in Cohen & Steers Incorporated (NYSE:CNS) After Decline in Shorted Shares?

September 20, 2017

RGC Resources Inc. It is down 7.96% since September 18, 2016 and is uptrending. It has underperformed by 52.75% the S&P500. $1.20 is the ADY. Shareholders owning the stock before Sep 19, 2017 will be eligible to receive the payout. Bernstein downgraded the stock to "Mkt Perform" rating in Monday, November 9 report. (NYSE:RRC) has "Overweight" rating given on Friday, October 7 by JP Morgan.

Seagate Technology PLC (STX) Stake Lowered by Usca Ria LLC

September 20, 2017

Usca Ria LLC's holdings in Seagate Technology PLC were worth $1,612,000 as of its most recent SEC filing. However, the institutional investors are observed to own 95.90% of the total shares. It has a return on equity (ROE) of 51.30%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period past year, the business earned $0.22 EPS.

$0.59 EPS Expected for Baxter International Inc (BAX)

September 19, 2017

About 26,017 shares traded. It has underperformed by 15.33% the S&P500. Atria Investments Llc decreased Baxter Intl Inc ( BAX ) stake by 67.06% reported in 2016Q4 SEC filing. On a similar note, analysts expect EPS of $0.59 in September 2017 quarter and $0.59 in December 2017 quarter, representing 5.36% and 3.51% growth, respectively.