Economy / 816

Yellen fires starting gun on the end of QE

September 21, 2017

Adobe fell 4 percent after the Photoshop maker's revenue forecast came in line with estimates. Best Buy fell 8 percent after the No. 1 USA electronics retailer forecast fiscal 2021 adjusted earnings well below Wall Street estimates. In corporate news, Toshiba has swung back to favoring a consortium backed by Western Digital - a US data company also involved in a joint venture with the Japanese conglomerate - for the sale of its memory chip unit, Reuters reported.

Forex - Dollar Climbs Against Other Majors on Fed Statement

September 21, 2017

Some Fed officials have warned against raising interest rates until inflation - which reflects the prices of everything from meat and cheese to houses and cars - meets the goal of 2% that they consider healthy for the economy. The Dow Jones industrials were little changed. Gold fell to its lowest level in over three weeks on Thursday as a stronger US dollar and the increasing likelihood of another Federal Reserve interest rate hike this year curbed demand.

Applied Materials (AMAT) Given Daily Coverage Optimism Rating of 0.32

September 21, 2017

Davidson. Institutional investors and hedge funds own 79.47% of the company's stock. About 237,110 shares traded or 23.50% up from the average. EV Energy Partners, L.P. Company Of Vermont stated it has 1,614 shares. Laurion Limited Partnership accumulated 0% or 1,600 shares. It also upped Cms Energy Corp (NYSE:CMS) stake by 13,591 shares and now owns 16,591 shares.

FCA recalls HD pickups, chassis cabs over potential engine compartment fire

September 21, 2017

The recall is limited to vehicles equipped with optional eight-passenger seating. FCA US is unaware of any related injuries, accidents, warranty claims or complaints. A warning light may activate if the water pump has been compromised, so customers should contact their dealer if a warning light is illuminated. It no longer uses the type of water pump involved in the recall.

Major Averages Set Record Highs Ahead Of Fed Announcement

September 21, 2017

So since hitting a low on August 17, the S&P 500 energy sector has risen almost 8% and is the best performing sector so far this month. All three major US stock indexes hit record closing highs, with financial shares providing the biggest boost.

The Baidu Inc (BIDU) Now Covered by Analysts at Benchmark Co

September 21, 2017

About 176,813 shares traded. Baidu Inc now has $81.87B valuation. The stock declined 0.45% or $1.08 reaching $236.77 per share. Finally, Barnett & Company Inc. The firm has "Buy" rating by Oppenheimer given on Monday, August 14. The rating was downgraded by Daiwa Securities to "Underperform" on Wednesday, October 7.

Government borrowing hit 10-year low last month

September 21, 2017

But Sterling weakened after the release, falling from GBP/EUR 1.1344 to 1.1320 in the half hour after the release and 1.3508 to 1.3484 for GBP/USD. The figure is also below the 6.5bn consensus forecast. "The trend will deteriorate toward the end of this fiscal year, because a bumper batch of self-assessment receipts collected in January and February 2017, due to prior tax changes, will not be repeated".

Drax appoints CFO Will Gardiner as new CEO

September 21, 2017

Thompson has played a major part in overseeing the company's shift from coal to biomass: the power station, which generates seven per cent of the UK's electricity and 16 per cent of its renewable energy, is now 70 per cent powered by wood pellets.

Has $54.68 Million Position in Bank of America Corporation (BAC)

September 21, 2017

Howard Capital Management now owns 72,088 shares of the financial services provider's stock valued at $1,701,000 after purchasing an additional 49,306 shares during the last quarter. (NYSE:LVLT) stake by 262,504 shares and now owns 1.02 million shares. Employees Retirement System Of Texas reported 0.06% in Vantiv Inc (NYSE:VNTV). Quantitative Systematic Strategies Limited Liability has 51,635 shares for 0.46% of their portfolio.

Aspiriant LLC Has $3.43 Million Position in Raytheon Company (RTN)

September 21, 2017

The company has market cap of $1.85 billion. The company's stock had a trading volume of 172,679 shares. About 4,315 shares traded. It is down 0.00% since September 19, 2016 and is. Loomis Sayles & Communication L P has 93,828 shares for 0.03% of their portfolio. 4,527 were reported by Wade G W And. It also reduced Whirlpool Corp (NYSE:WHR) stake by 3,880 shares and now owns 8,975 shares.

Short Interest in Comcast Corporation (NASDAQ:CMCSA) Increases By 46.7%

September 21, 2017

Chase Investment Counsel Corp sold 43,082 shares as Comcast Corp New (CMCSA)'s stock rose 3.16%. Comcast Corp New now has $176.30 billion valuation. The stock rose 0.36% or $0.14 reaching $37.44 per share. Of Oklahoma owns 0% invested in Comcast Corporation (NASDAQ:CMCSA) for 3,249 shares. Trading volume for Comcast Holdings ZONES was 1 on Wednesday. The company is so far trading up by 0.25%% since yesterday's close of 59.59.

Calpine Corporation (NYSE:CPN) Experiences Lighter than Average Trading Volume

September 21, 2017

They now have a Dollars 11 price target on the stock. Several equities research analysts have commented on CPN shares. The stock has "Equal-Weight" rating by Morgan Stanley on Monday, February 6. Amendment No. 5 to the Credit Agreement, dated as of September 15, 2017, among Calpine Corporation, as borrower, the guarantors party thereto, The Bank of Tokyo-Mitsubishi UFJ Ltd, as administrative agent, MUFG Union Bank, N.A., as collateral agent, and the lenders party thereto.

Mitsubishi UFJ Trust Banking Trims Stake in Time Warner

September 21, 2017

Patriot Financial Group Insurance Agency has an ownership of 1,109 stocks of the press conglomerate's shares valued $109,000 following acquiring an extra 100 shares through out the previous quarter, Advisory Services Network bought a new stake in stocks of Time Warner in the 1st valued at $138,000.

Dow Chemical Co (NYSE:DOW) Q2 2017 Sentiment

September 21, 2017

It closed at $66.65 lastly. It is down 20.72% since September 20, 2016 and is uptrending. It has outperformed by 4.02% the S&P500. Integral Derivatives Llc decreased Dow (Call) (DOW) stake by 56.36% reported in 2016Q4 SEC filing. Cowen & Co has "Buy" rating and $7700 target. BidaskClub upgraded shares of Dow Chemical from a "strong sell" rating to a "sell" rating in a report on Thursday, August 17th.

Tracking Shares of Vanguard Intermediate Term Corporate Bond Etf (VCIT) — Market Focus

September 21, 2017

The wealth of available information has made the road a bit smoother to travel for amateur investors. Investors may be wondering how to tackle the markets at current levels. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ATR for iShares National Muni Bond ETF (MUB) is spotted at 0.16.

Shares Trading up at $27.19 (LDP) Cohen & Steers Limited Duration…

September 21, 2017

Let's view some technical levels on shares of Cohen & Steers Infrastructure Fund Inc (UTF). Typically, the CCI oscillates above and below a zero line. Moving averages can help spot trends and price reversals. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time.

Hormel Foods Corporation (NYSE:HRL) Director Dakota A. Pippins Sells 4000 Shares

September 21, 2017

The stock declined 1.07% or $0.34 reaching $31.39 on the news. 422,446 shares of the company traded hands. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/09/20/delta-lloyd-asset-management-n-v-takes-1-70-million-position-in-hormel-foods-corporation-hrl.html.

Pfizer sues Johnson & Johnson for violating USA antitrust laws over Remicade biosimilar

September 21, 2017

Analysts here are positive that Celltrion's biosimilar Inflectra will expand its footing in the USA as its marketing partner Pfizer is taking on original drug maker Johnson & Johnson. In the second quarter, Pfizer reported that Inflectra sales stood at US$230 million, missing market expectations. Pfizer claims that Johnson & Johnson threatened to withhold rebates from insurers who claimed Inflectra was an acceptable alternative to Remicade, and offered discounts on Remicade to those ...

MG hoses down sale speculation

September 21, 2017

Murray Goulburn has moved to hose down media speculation it has been offered $1.20 per unit for units in the MG Unit Trust . Up-for-sale Australian dairy processor Murray Goulburn has confirmed it has had approaches from a number of suitors interested in either buying some assets or taking over the whole co-operative.

Co-op Group offloads remaining stake in troubled Co-op Bank

September 21, 2017

It launched a new membership scheme in September a year ago which rewards both members and local communities. Elsewhere in the report the Co-operative Group revealed that its underlying profit before tax had plummeted by 48% in the first half of the year, mostly due to a £12m drop in profits in the Group's Insurance business.

General Dynamics Corporation (NYSE:GD) Shares Bought by Dupont Capital Management Corp

September 21, 2017

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Nasdaq.com which released: "General Dynamics (GD) Wins $24M Army Deal for Hydra Rockets" on September 19, 2017, also Fool.com with their article: "Better Buy: General Dynamics Corporation vs.

Signal Monitor: SuperTrend Line Above Share Price: Northern Electric Plc (NTEA.L)

September 21, 2017

Moving averages are considered to be lagging indicators meaning that they confirm trends. As a rule, volume can be somewhat turbulent and, due to some large trades ("games" of the large institutional traders), you may see surges here and there.

Chicago accepting nominations for Amazon sites

September 21, 2017

The e-commerce giant said it would invest $5 billion in the headquarters - its first outside of Seattle - and that it plans to eventually house 50,000 Amazon employees there. Since 1971, the small IL village of 7,883 has been the work home of thousands of McDonald's corporate employees, but the burger chain decamps for Chicago proper sometime in 2018 - conveniently, just in time for Amazon to open "phase one" of HQ2, its new 50,000-job headquarters.

Matson Inc (MATX) Seeing Increased Volatility in Session

September 21, 2017

The company was downgraded on Friday, January 8 by Gabelli. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. Shares of Cincinnati Financial Corporation ( CINF ) opened at 76.08 on Friday. Finally, BidaskClub upgraded Cincinnati Financial Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, August 9th.

Sasol writes off R12bn for new BEE deal

September 21, 2017

Replacing Inzalo, Sasol aims to launch a new 21 billion-rand ($1.6 billion) black empowerment scheme called Khanyisa, which means "to illuminate". South Africa has set targets for black ownership as it seeks to redress the economic inequalities stemming from white-minority rule under apartheid that ended in 1994.

Fed keeps US rates steady, to unwind portfolio in October

September 21, 2017

It is, in a way, a kind of mini rate hike. The plan starting next month will gradually reduce the size of the Fed's Dollars 4.5 trillion in investment holdings, which were built up during the financial crisis. Anyone ruling out a December rate increase "is mispricing the real desire on the part of the Fed to continue" normalizing monetary policy despite the dip in inflation, said Jason Celente, senior portfolio manager at Insight Investment.

Were Analysts Bearish Manulife Financial Corp

September 21, 2017

Liberty Capital Management Inc. bought a new position in Manulife Financial Co. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Further, it provides planning software platform that enables financial advisors and institutions to help clients make financial planning decisions; manages timberland and agricultural portfolios; insurance agency, investment counseling, portfolio and mutual fund management, mutual fund ...

Mathews ruled out, SL pick Samarawickrama and Roshen Silva

September 21, 2017

It also marks the return of opener Kaushal Silva, who wasn't a part of the home Test series against Bangladesh, Zimbabwe, and India. Sri Lanka will play two Test matches against Pakistan - at the Sheikh Zayed Stadium in Abu Dhabi from September 28 followed by the second game, where Sri Lanka will play its inaugural pink-ball game from October 6 at the Dubai International Cricket Stadium.

Albertsons to Buy Meal-Kit Company Plated

September 21, 2017

The terms of the Albertsons-Plated deal were not disclosed, but the Plated acquisition is expected to close later this month, Albertsons said in a statement. Meal kits in the meantime are thought to account for at least some element of the declining fortunes of grocery stores like Albertsons, which reported that sales increased by 0.4% during its most recent fiscal quarter, while comparable-store sales were down by 2.1%.

Mobike lands in Washington DC, their first U.S. city

September 21, 2017

Smart bike sharing company Mobike has arrived in its first USA city, the United States capital Washington DC, bringing the total number of cities it operates in to over 180. City officials said it would be a flexible way to expand the capacity of the city's bike-share program when Capital Bikeshare, which has roughly 3,700 bikes at 440 racks, is maxed out.

Veritone, Inc. (NASDAQ:VERI) Sees Stock Price Rise - Up $12.73

September 21, 2017

For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Veritone (NASDAQ: VERI ) last announced its quarterly earnings results on Monday, August 7th. Veritone, Inc . ( VERI ) maintained activity of 0.23 million shares that trade hands on average basis.

MGIC Investment Corporation (NYSE:MTG) Earns Buy Rating from Keefe, Bruyette & Woods

September 21, 2017

Commonwealth Equity Services accumulated 143,904 shares or 0.01% of the stock. On average, equities research analysts expect that MGIC Investment Corporation will post $1.14 EPS for the current fiscal year. (NYSE: MTG ) has "Buy" rating given on Thursday, July 20 by FBR Capital. Main Street Ltd Limited Liability Company stated it has 121,655 shares or 2.73% of all its holdings.

Markets subdued ahead of Fed policy decision

September 21, 2017

Higher interest rates are seen as boon for banks, boosting net interest margin - the difference between the interest income generated by banks and the amount of interest paid out to their lenders. "They don't want inflation expectations to fall below 2 percent or rise too far above 2 percent because then it becomes very hard to manage", he said in an interview with "Closing Bell".

Avery Dennison Corporation (AVY) Sees New 52-Week High

September 21, 2017

About 204,172 shares traded. It has underperformed by 5.79% the S&P500. Jpmorgan Chase Company stated it has 12.07M shares. Berkshire Hills Bancorp, Inc. The Business's segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Pioneer Energy Services Corp

September 21, 2017

Point72 Asset Management, L.p. claims 250,000 shares with a value of $513,000. Van Den Berg Management I Inc. boosted its stake in shares of Pioneer Energy Services Corp.by 104.1% during the first quarter. "(PES) Stake Increased by Royce & Associates LP" was posted by Equities Focus and is the property of of Equities Focus. Deutsche Bank AG reaffirmed a "hold" rating and issued a $6.00 target price (down previously from $7.00) on shares of Pioneer Energy Services Corp.in a research report on ...

Analysts' Review under Consideration: Gold Fields Ltd (GFI)

September 21, 2017

JP Morgan "Upgrades" Gold Fields Ltd (NYSE:GFI) in a research note issued to investors on 3/03/17 to Overweight with price target of $0. Its last month's stock price volatility remained 1.1% which for the week stands at 1.21%. Over the last five days, shares have faced -1.18% losses and now is up 3.91% since hitting its 200-day moving average of $14.1. According to the recommendations from 6 analysts stock has mean rating of 1.33 on the shares of Hi-Crush Partners LP (NYSE:HCLP).

SunCoke Energy, Inc. (NYSE:SXC) Under Analyst Spotlight

September 21, 2017

Kbc Group Nv increased Omega Healthcare Invs Inc (OHI) stake by 63.2% reported in 2016Q4 SEC filing. UBS Group AG now owns 8,329 shares of the energy company's stock worth $128,000 after acquiring an additional 4,023 shares during the last quarter.

Experian PLC (EXPGF): -DI Recorded Above +DI on These Shares

September 21, 2017

A value of 25-50 would support a strong trend. A reading between 0 and -20 would indicate an overbought situation. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Seattle Genetics, Inc. (NASDAQ:SGEN) EVP Sells $397448.19 in Stock

September 21, 2017

Wainwright on Monday, June 19 with "Buy". Seattle Genetics, Inc . has a 1-year low of $45.31 and a 1-year high of $75.36. (NASDAQ: SGEN ) was up +1.22% during the last trading session, with a day high of 53.81. They now have a Dollars 70 price target on the stock. The stock of 58.com Inc (ADR) (NYSE:WUBA) earned "Buy" rating by HSBC on Tuesday, December 15. 15,568 are held by Comerica National Bank.

Conocophillips (NYSE:COP) Stock Sentiment Worsens

September 21, 2017

The stock declined 0.04% or $0.03 reaching $79.42 on the news. About 59,586 shares traded. It has outperformed by 3.64% the S&P500. The original version of this article can be viewed at https://www.truebluetribune.com/2017/09/20/harbour-capital-advisors-llc-has-2-03-million-stake-in-conocophillips-cop.html.

Retail sales in August 'blow forecasts out of the water'

September 21, 2017

Sales rose 1 per cent month-on-month, exceeding expectations for a much smaller increase of 0.2 per cent. The currency markets reacted well to the figures with the pound gaining nearly a cent against the dollar after their release. 'Encouraging as this is, sterling continues to be a double-edged sword for United Kingdom retailers; on one side, its weakness is prompting more Britons to holiday at home as well as attracting more tourists from overseas, but on the other, retailers are facing ...

Devon Energy Corporation (DVN) Receives $44.83 Average PT from Brokerages

September 21, 2017

About shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since September 19, 2016 and is uptrending. Intersect ENT Inc (NASDAQ:XENT) has risen 79.98% since September 20, 2016 and is uptrending. for 6.16 million shares. Cibc Ww Mkts has invested 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Baxter Bros stated it has 18,490 shares.

AstraZeneca plc (AZN) Given "Buy" Rating at Deutsche Bank AG

September 21, 2017

Commerzbank Aktiengesellschaft FI now owns 814,687 shares of the utilities provider's stock worth $36,694,000 after acquiring an additional 5,210 shares in the last quarter. On July 27 the stock rating was downgraded to "Market Perform" from "Outperform" in a statement from Leerink Swann. The stock has a consensus rating of Hold and a consensus price target of GBX 5,041.09 ($67.97).

Brokerages Set Cerus Corporation (CERS) PT at $7.25

September 21, 2017

Citigroup has "Buy" rating and $160 target. As per Friday, March 24, the company rating was maintained by Jefferies. Provident Trust Co owns 1.77 million shares or 7.44% of their USA portfolio. Blackrock reported 10,260 shares stake. Broadview Advisors Llc sold 139,000 shares as Kforce Inc (KFRC)'s stock declined 26.19%. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock.

Canaccord Genuity Reaffirms "Hold" Rating for Esterline Technologies Co. (ESL)

September 21, 2017

It has outperformed by 11.08% the S&P500. Alliancebernstein L.P. reduced its holdings in Esterline Technologies Corporation (NYSE:ESL) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

FedEx's first quarter earnings disappoint, impacted by TNT Express cyberattack, Hurricane Harvey

September 21, 2017

Following the completion of the transaction, the chief executive officer now directly owns 29,148 shares of the company's stock, valued at approximately $6,150,228. It also increased its holding in Exxon Mobil Corporation (NYSE:XOM) by 8,252 shares in the quarter, for a total of 81,845 shares, and has risen its stake in Vanguard Small (VBR).

Growth Analysis of Pier 1 Imports, Inc. (NYSE:PIR)

September 21, 2017

Synovus Finl Corp now has $5.34B valuation. About 621,069 shares traded. Shares of Pier 1 Imports ( PIR ) traded down 6.64% during mid-day trading on Friday, reaching $4.22. Therefore 29% are positive. The Business's operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products.

Cowen Inc. Acquires Shares of 162811 Atwood Oceanics, Inc. (NYSE:ATW)

September 21, 2017

Barclays PLC restated an "underweight" rating and issued a $10.00 price objective (up from $7.00) on shares of Atwood Oceanics in a research note on Wednesday, May 31st. A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

Celldex Therapeutics, Inc. (CLDX) Receives $8.08 Consensus Target Price from Analysts

September 21, 2017

The portion of a company's profit allocated to each outstanding share of common stock was $2.9 a share in the trailing twelve months. The company was downgraded on Monday, March 7 by Leerink Swann. Achillion Pharmaceuticals, Inc. has a consensus outperform rating from 8 Wall Street analysts, and the number of shares now sold short amount to at least 7.08% of shares outstanding.

Stock is up at $33.83 (STLD) Steel Dynamics Provides Third Quarter…

September 21, 2017

After $0.63 actual earnings per share reported by Steel Dynamics, Inc . for the previous quarter, Wall Street now forecasts 17.46% EPS growth. World Asset Management Inc raised its holdings in Steel Dynamics by 3.2% in the first quarter. During the last 52 weeks, the (NASDAQ: STLD ) price has been as high as $40.17 and as low as $23.34. The firm has a market cap of $8.11 billion, a PE ratio of 15.54 and a beta of 1.26.