Economy / 1017

Oil Logs Lowest Front-month Contract Finish Since Mid September

June 21, 2017

USA crude futures for August delivery were up 4 cents at US$43.55, having hit their lowest since September on Tuesday. The ripple effect from oil's slump into bear market territory is being felt far and wide. Ahead of weekly USA inventory reports, United States crude oil stocks were forecast to have fallen for the second straight week, while gasoline supplies were seen unchanged after last week's data showed an unexpected build that weighed down the market.

The Dextera Surgical Inc. (DXTR) Short Interest Down 67.0% in May

June 21, 2017

Its book value per share for the most recent quarter is $-2.36 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.29, however its price to cash per share ratio for the same period is 1.12.

Christie, legislative leaders meet over schools

June 21, 2017

Christie closed his press conference by saying he was headed back to Trenton to meet with Democratic leaders about hammering out a budget deal that would include a revision to the school funding formula. Republicans made several suggestions, including not cutting any school district's expected state aid for the upcoming fiscal year and improving funding for special education.

Deutsche Bank AG Reiterates €115.00 Price Target for ASML Holding (AMSL)

June 21, 2017

NASDAQ:ASML Semiconductor Equipment & Materials is bought and sold in the stock market, the current market cap indicates the existing public opinion of the net worth of ASML Holding N.V. (NASDAQ ASML) opened at 131.45 on Wednesday. ASML Holding N.V. (NASDAQ:ASML) Semiconductor Equipment & Materials prevailing Dividend Yield is 0.97% that has a Payout Ratio of 28.40%.

US sailors who died in destroyer-container ship crash

June 21, 2017

Japanese chief cabinet secretary Yoshihide Suga said the government was investigating with the cooperation of the USA side and every effort would be made to maintain regional deterrence in the face of North Korea, which has recently conducted a series of missile tests.

Uber CEO Trevor Kalanick resigns after investor pressure

June 21, 2017

It started with an investor letter to the former CEO, which then turned into a few hours of intense discussion - eventually leading to Kalanick's stepping down. This is a bold decision and a sign of his devotion and love for Uber. Privately held Uber has been valued at $68 billion, shattering the norms for Silicon Valley startups, and the company embodied many of Mr Kalanick's aggressive and pugnacious personality traits.

Johns Investment Management Company LLC Cuts Stake in Pepsico, Inc. (PEP)

June 21, 2017

Pepsico Inc now has $169.11 billion valuation. (NYSE: PEP ). Buckingham Asset Limited Liability Corporation accumulated 19,378 shares or 0.65% of the stock. Another trade for 195,437 shares valued at $21.03 million was made by Johnston Hugh F on Friday, February 17. 05/30/2017 - Pepsico, Inc. had its " rating reiterated by analysts at Stifel Nicolaus.

Delhi govt okays installation of CCTV cameras in buses for safety

June 21, 2017

The Nirbhaya Fund, to be provided by the central government, will be used for this goal. According to the government, the cost of the project, estimated to be around Rs 140 crore, would be borne from the Centre's Nirbhaya Fund. When the plan is completed, all buses will have three cameras as well as screens. "The moment it is pressed, the control room will get an alert and a team will be activated to thwart the danger", he said.

Tropical Storm Cindy forms in Gulf of Mexico

June 21, 2017

Strong winds and isolated tornadoes can't be ruled out, officials said. The NHC upgraded the low to Tropical Storm Cindy on Tuesday . A flash flood watch has already been posted for Texas counties south of Interstate 20, and for Louisiana parishes south of the Arkansas line.

South Korea's Moon Urges North Korea To Return Detainees Swiftly

June 21, 2017

US college student Otto Warmbier died Monday, days after his release from North Korea . Warmbier, a student at the University of Virginia, was detained in March 2016 after North Korean officials accused him of attempting to steal a propaganda poster from his hotel.

Shares in Barnes & Noble, Inc. (BKS) Acquired by Sterneck Capital Management LLC

June 21, 2017

The share price of the company (NYSE: BKS ) was up +0.74%, with a high of 7.00 during the day and the volume of Barnes & Noble, Inc. shares traded was 745812. The stock has a market cap of $470.54 million, a price-to-earnings ratio of 125.00 and a beta of 2.29. The Price to Sales (P/S) ratio of the stock is 0.12, while P/B (Price to Book) stands at 0.83.

Home Loans: Wells, PNC Mortgage Rates Jun 21, 2017

June 21, 2017

The 5/1 ARMS at Wells are listed at 3.375% carrying an April of 3.445%. Standard 30 year refinance loan interest rates are being offered for 4.000% at Wells Fargo and April of 4.025% today. Shorter term, popular 15 year loan interest rates are available starting at 3.340% today with an April of 3.519%. ARM interest rates in the 5 year category are being quoted at 3.500% at PHH Mortgage yielding an April of 3.922% to start.

International Business Machines Corporation (IBM) Shares Sold by Meritage Portfolio Management

June 21, 2017

It has underperformed by 54.59% the S&P500. Thomas J. Herzfeld Advisors Inc. purchased a new stake in International Business Machines Corporation during the fourth quarter valued at approximately $117,000. State Board Of Administration Of Florida Retirement holds 27,983 shares or 0% of its portfolio. Salzhauer Michael holds 33,236 shares or 0.44% of its portfolio.

Commerce Bank, BB&T Mortgage Rate Deals Monday Jun 19, 2017

June 21, 2017

Now the banks stock waned to 44.33 down -0.08. The 30-year fixed mortgage rate fell Tuesday, then hovered between 3.65 percent and 3.73 percent for the rest of the week before settling at the current rate. ARM interest rates in the 10 year category are published at 3.750% now yielding an April of 3.943%. NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders.

Mswipe receives United States dollars 31 million fresh funding, looks to expand market

June 21, 2017

The company will use the funds to develop the largest network of merchants accepting digital payments in the country. Shares of the bank declined Rs 2.5, or 0.49%, to trade at Rs 509.30. As much as 80% of Mswipe's customer base comprises SME merchants, typically supported by 1-30 employees. "In a rapidly changing payment landscape, Mswipe's open technology platform and ability to deliver solutions at the lowest cost sets them apart", Matrix India Managing Director Vikram Vaidyanathan said.

The Orrstown Financial Services Inc. Boosts Stake in Verizon Communications Inc. (VZ)

June 21, 2017

The stock declined 1.07% or $0.5 reaching $46.07 on the news. Orrstown Financial Services Inc. increased its position in shares of Verizon Communications Inc . Verizon Communications Inc is a holding company. Peregrine Asset Advisers accumulated 9,661 shares or 0.31% of the stock. Ashford Capital Mngmt Inc reported 7,120 shares.

Lipocine Inc. (NASDAQ:LPCN) Sees The Needle Move on Volume

June 21, 2017

On 19 June 2017, Baidu Inc (ADR) ( NASDAQ :BIDU) shares moved to $176.93. Over the last three months, the shares of the company have changed 2.17% and performed 18.11% over the last six months. The stock's ensuing pullback has so far been supported by its 80-day moving average. The current share price of the company is trading -34.47% below its 52-week high price of $65.56 and +0.67% higher than 52-week low price of $42.67.

Dr Pepper Snapple Group (DPS) Getting Very Favorable Press Coverage, Accern Reports

June 21, 2017

Baskin Financial Services Inc increased Dr Pepper Snapple Group ( DPS ) stake by 6.12% reported in 2016Q4 SEC filing. DPS has been the subject of several research analyst reports. (NYSE:DPS) has declined 1.39% since June 20, 2016 and is downtrending. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield.

Canadian Natural Resources Limited

June 21, 2017

William Blair Investment Management LLC lowered its position in Canadian Natural Resources Limited (NYSE: CNQ ) (TSE:CNQ) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Republicans win key U.S. congressional election

June 21, 2017

She is the latest in a line of Republicans who have represented the district since 1979, beginning with Newt Gingrich, who went on to become House speaker. "We are all honored by your success tonight!" (Bill Clark/CQ Roll Call ) Campaign workers cheer as fellow campaign workers arrive for the final campaign rally for Democratic candidate for Georgia's 6th Congressional district Jon Ossoff .

Stifel Nicolaus Upgrades Rating On Red Hat, Inc. Common Stock (RHT)

June 21, 2017

Nomura Asset Mgmt Ltd holds 20,760 shares. Harding Loevner L P has 0.7% invested in Red Hat Inc (NYSE:RHT) for 1.45M shares. Nelson Van Denburg And Campbell Wealth Mgmt Gru Ltd Liability Co has invested 0% in Red Hat Inc (NYSE:RHT). The stock of Red Hat Inc (NYSE:RHT) earned "Market Perform" rating by BMO Capital Markets on Thursday, December 22. The stock of Red Hat Inc (NYSE:RHT) has "Hold" rating given on Tuesday, August 25 by Zacks.

Queen's Speech to set out Theresa May's plans for Brexit

June 21, 2017

In the wake of the Grenfell Tower fire and a string of terror attacks, the Prime Minister also announced plans for a Civil Disaster Reaction Taskforce and a new Commission for Countering Extremism , as well as a review of counter-terror strategy and the creation of an independent public advocate to act on behalf of bereaved families.

Broker Outlook For The Week Ahead Eldorado Resorts, Inc. (NASDAQ:ERI)

June 21, 2017

Lafitte Capital Management LP boosted its stake in Eldorado Resorts by 2.1% in the fourth quarter. NasdaqGS: ERI is -0.82335. This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield.

Nationwide Fund Advisors Upped Its Metlife INC Common Stock (MET) Holding

June 21, 2017

Outlined as the total market value of all unsettled shares of the company, the current market cap for the MetLife, Inc. The institutional investor owned 10,938,688 shares of the financial services provider's stock after selling 25,017 shares during the period.

Bustling Stock in Focus: Bristol-Myers Squibb Company (NYSE:BMY)

June 21, 2017

Bristol now has $93.01 billion valuation. The stock is now trading 2.05% above its SMA 50 and 0.94% above its SMA 200. It has underperformed by 31.85% the S&P500. A number of research firms have recently issued reports on BMY. Therefore 41% are positive. As per Friday, December 18, the company rating was initiated by Atlantic Securities.

Next Weeks Broker Price Targets For Citrix Systems, Inc. (NASDAQ:CTXS)

June 21, 2017

About 832,525 shares traded. Visa Inc (NYSE:V) has risen 20.29% since June 20, 2016 and is uptrending. It has underperformed by 10.02% the S&P500. It is without change, as 42 investors sold Citrix Systems, Inc. ETRADE Capital Management LLC increased its stake in shares of Citrix Systems by 9.1% in the third quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Citrix Systems by 75.5% in the first quarter.

MSCI adds domestic Chinese stocks to global benchmark

June 21, 2017

With stock market investments having become something of a national hobby, shares in Chinese-listed companies are often suspended to halt sharp losses and protect these investors. Why symbolism can still matter? This global consultation included a large number of asset owners, asset managers, broker/dealers and other market participants.

Bob Diamond's Africa bank ups stake in Union Bank of Nigeria

June 21, 2017

The deal, subject to regulatory approval, will increase Atlas Mara's stake in the bank to 44.5 per cent. Fairfax Africa agreed to buy at least 30 percent of the $100 million of new shares at a price of $2.25 apiece, representing an implied purchase price of 0.33 times book value, the company said in a separate statement .

Record VAT haul for May aids budget deficit for Chancellor

June 21, 2017

The Office for Budget Responsibility has forecast that public sector net borrowing (excluding banks) will be £58.3bn over the current financial year. "We are committed to bringing the public finances back to balance by the middle of next decade, building a stronger economy that can deliver higher living standards for people across the country".

The Richmont Mines (RIC) Receives Media Impact Score of 0.38

June 21, 2017

A recommendation of 1 or 2 would represent a consensus Buy. Therefore 82% are positive. Richmont Mines now has an average rating of "Buy" and a consensus target price of $14.36. Mckinley Capital Mngmt Limited Liability Company Delaware has 0% invested in Richmont Mines Inc. The stock has a market capitalization of $466.79 million, a PE ratio of 66.591 and a beta of 0.31.

The First Financial Bancorp. (FFBC) Position Boosted by Shoker Investment Counsel Inc

June 21, 2017

The stock decreased 0.54% or $0.15 during the last trading session, reaching $27.6. Director Cynthia O. Booth acquired 201 shares at an average price of $26.85 on Friday the 7th. 119 were reported by Envestnet Asset Inc. Zacks Investment Research upgraded shares of First Financial Bancorp. from a "hold" rating to a "buy" rating and set a $29.00 price target on the stock in a research note on Tuesday, May 30th.

The Cleararc Capital Inc. Takes Position in Advanced Micro Devices, Inc. (AMD)

June 21, 2017

The stock now trades for almost 16 times this number, which leaves very little room for error. About 2.36M shares traded. (NASDAQ: AMD ) has risen 202.65% since June 12, 2016 and is uptrending. Fortaleza Asset, Illinois-based fund reported 11,265 shares. Insight And Mngmt holds 50,474 shares. The Texas-based Next Financial Grp has invested 0% in Advanced Micro Devices, Inc .

Analysts See $1.05 EPS for Eastgroup Properties Inc (EGP)

June 21, 2017

Rhumbline Advisers owns 144,865 shares. "( EGP ) Director Sells $69,113.50 in Stock" was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. The rating was downgraded by Citigroup to "Neutral" on Tuesday, December 13. The stock has "Equal-Weight" rating by Morgan Stanley on Wednesday, April 12.

Appreciate China but it's efforts on N. Korea "have not worked out"

June 21, 2017

The President proceeded to say that Mr Warmbier's untimely death recommitted his administration to make sure that another tragedy like the one that surrounded Mr Warmbier would not happen again. His family said Monday that he first appeared anguished when he first arrived home, but died "at peace". "You're in America and you think you can do stuff and there's no consequences, but in North Korea you don't have those same privileges", he said.

Investors Buy Large Volume of Broadcom Limited Call Options (AVGO)

June 21, 2017

The company was maintained on Thursday, May 25 by Morgan Stanley. The firm has "Strong-Buy" rating given on Friday, June 16 by Raymond James. As per Thursday, March 2, the company rating was maintained by Drexel Hamilton. Quantitative Inv Limited Liability Corp accumulated 72,300 shares. Wagner Bowman Mngmt, Maryland-based fund reported 1,248 shares. Quantitative Mgmt Ltd Limited Liability Company invested 0.32% in Broadcom Ltd (NASDAQ:AVGO).

What's in Tutor Perini Corp (TPC) After Forming Double Top Pattern?

June 21, 2017

The Firm invests in and manages a leveraged portfolio of mortgage-backed securities and mortgage loans. It has a 23.44 P/E ratio. M Partners maintained it with "Buy" rating and $34 target in Wednesday, December 28 report. Investors sentiment decreased to 0.92 in Q4 2016. Strs Ohio lowered its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

Spicer says Trump wants health bill with 'heart'

June 21, 2017

GOP Senator Bob Corker of Tennessee said he is expecting a bill text by Thursday and is "oriented" toward wanting to support it but can't say yet how he would vote. They suggested that Republicans were stalling the bill out of loyalty to Trump , who praised Russian President Vladimir Putin past year during his election campaign.

Cheniere Energy Partners LP Holdings LLC

June 21, 2017

It has outperformed by 19.25% the S&P500. It was reported on Jun, 20 by Barchart.com . (NYSEMKT:LNG). Valinor Lp reported 4.39M shares stake. Timpani Capital Management Llc holds 2.61% of its portfolio in Heska Corp for 87,437 shares. Cheniere Energy earned a news sentiment score of 0.28 on Accern's scale. (NYSEMKT:LNG). Pacific Global Investment Mgmt Com reported 15,221 shares. The Key Group Holdings Cayman Ltd holds 379,447 shares with $8.49 million value, down from 730,341 last quarter.

N Carolina budget agreement raises salaries, delays tax cuts

June 21, 2017

Senate and House leaders unveiled details of their spending plan Monday, two weeks after negotiations between the two chambers officially opened. But Republicans point out almost everyone including low- and middle-income people would pay less in taxes under the bill.

Should You Sell Xencor, Inc. Based On Current Broker Views?

June 21, 2017

Dollars for each share. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover XNCR having a buy-equivalent rating. Its last month's stock price volatility remained 4.64% which for the week stands at 4.23%. Leerink Swann maintained Xencor Inc (NASDAQ:XNCR) on Thursday, September 17 with "Outperform" rating. In other news, Director Bruce L.A. Carter sold 20,000 shares of Xencor stock in a transaction dated Wednesday, June 14th.

Cisco Takes on Encrypted Malware with Intent-Based Detection Network

June 21, 2017

In total, 75 enterprises and organizations are conducting early field trials with the company's new products , including DB Systel, Jade University of Applied Sciences, NASA, Royal Caribbean Cruises, Scentsy, UZ Leuven and Wipro . "By automating day-to-day tasks such as configuration, provisioning and troubleshooting, SD-Access slashes the time it takes to adapt the network, improves issue resolution from weeks and months to hours, and dramatically reduces security breach impact".

Favorable News Coverage Somewhat Likely to Impact Ross Stores (ROST) Stock Price

June 21, 2017

The stock declined 1.19% or $1.56 reaching $129.07 on the news. About 800,129 shares traded. Stock" published on June 01, 2017, Nasdaq.com published: "Ross Stores, Inc. (NASDAQ:ROST) earned "Market Perform" rating by Bernstein on Wednesday, March 2. Citigroup maintained the shares of ROST in report on Friday, August 19 with "Buy" rating.

USA shoots down Iranian drone in Syria

June 21, 2017

The Western intelligence source said it was "unquestionably Iranian". Syria's primary interest is to hold a corridor from Iraq's border to Damascus, giving a route to Iraqi Shi'ite militias into the country to join the ISIS war. Daraa is where Syria's crisis first broke out in March 2011 as an uprising against President Bashar Assad's government. The conflict quickly descended into a civil war, which has since left at least 400,000 people dead.

Exporters seek incentives from govt to boost shipments, says Rita Teaotia

June 21, 2017

The meeting was attended by the representatives of industry, Export Promotion Councils and Commodity Boards. Under MEIS, the government provides duty benefits at 2 per cent, 3 per cent and 5 per cent, depending upon the product and country.

UN-backed report: South Sudan no longer classified as in starvation

June 21, 2017

The UN further warned that South Sudan's crisis is worsening and just because the label of starvation has been removed, doesn't mean the situation has actually improved. "It's when people don't know where their next meal will come from", WFP spokeswoman Bettina Luescher said. The skinny 7-year-old walked for three hours from her village to collect food for her parents and five siblings who were too weak to come with her, she said.

Axcelis Technologies, Inc. (NASDAQ:ACLS) Broker Price Targets For The Coming Week

June 21, 2017

They now have a Dollars 27 price target on the stock. Inc. increased its position in Axcelis Technologies by 6.9% in the first quarter. Turning to Abraxas Petroleum Corporation (NASDAQ:AXAS), its shares were trading at $1.83 a retreat of $0, on the trading floor.

Africa's finance minister: Need to protect central bank independence

June 21, 2017

The ANC said the recommendations are unlawful. Mkhwebane made the proposal to change the bank's mandate at a news conference on Monday where she delivered her findings on an apartheid-era bailout of a bank that was subsequently bought by Absa, now a unit of Barclays Africa Group .

Cognizant Technology Solutions Corporation (CTSH)

June 21, 2017

Cognizant Technology Solutions Corporation is a professional services company. Cognizant Technology Solutions Corporation has a one year low of $45.44 and a one year high of $67.88. Goldman Sachs downgraded the shares of CTSH in report on Thursday, September 15 to "Neutral" rating. The firm has "Buy" rating given on Wednesday, May 31 by William Blair.

Do Analysts See Any Upside to Medical Properties Trust, Inc. (NYSE:MPW)?

June 21, 2017

Nadler Financial Group Inc who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $546.20B market cap company. The stock rose 0.92% or $0.64 reaching $70.64 per share. The original version of this news story can be viewed at https://baseballnewssource.com/markets/positive-press-coverage-likely-to-affect-medical-properties-trust-mpw-share-price-updated-updated-updated/800589.html.

MSC Industrial Direct Co Inc (MSM) Analysts See $1.09 EPS

June 21, 2017

Institutional investors own 78.06% of the company's stock. About 7,807 shares traded. MSC Industrial Direct Co., Inc.is a North American distributor of metalworking and maintenance, fix and activities services and products. Therefore 20% are positive. M Partners upgraded the shares of MBI in report on Tuesday, November 3 to "Buy" rating. KeyBanc Capital Markets maintained it with "Overweight" rating and $80 target in Monday, March 14 report.

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