Business


Seoul shares tad higher in late morning on Wall Street gains
- September 14, 2017

The Dow Jones industrial average climbed 61 points, or 0.3 percent, to 22,118. The Nasdaq increased five points to close trading at 6,460. Bond prices fell. At the final bell, global benchmark Brent crude was up 1.6 percent to trade at $55.19 per barrel. The Nasdaq is up 100 points, or 1.6 percent. Micron Technology was up more than 1 percent after Goldman Sachs upgraded the stock to "buy" from "neutral". (more...)
III Apparel Group, LTD. (GIII) Raised to Outperform at Telsey Advisory Group
- September 14, 2017

On September 7 the company was changed to "Outperform" in a report from Telsey Advisory Group a boost from the previous "Market Perform" rating. Wunderlich maintained the shares of GIII in report on Wednesday, November 25 with "Buy" rating . (more...)
1.02 is Tallgrass Energy Partners LP's (NYSE:TEP) Institutional Investor Sentiment
- September 14, 2017

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. lifted its position in Tallgrass Energy Partners, by 15.7% during the 2nd quarter. The ex-dividend date was Wednesday, July 26th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.38%. Valero Energy Partners's payout ratio is 57.80%. (more...)
Rolls-Royce Unveils Autonomous Naval Vessel Concept Rolls-Royce Unveils Autonomous Naval Vessel Concept
- September 14, 2017

The company said Tuesday it envisions the ship displacing 771.6 tons and traveling at a speed of more than 25 knots beyond the horizon for more than 100 days. Rolls-Royce has once again given the public a look at its autonomous naval vessel concept, this time dropping some details on what the ship may be capable of, as well as details about its potential uses. (more...)
Cognex Corporation (CGNX) Receives $83.14 Average Target Price from Analysts
- September 14, 2017

Cognex Corporation (NASDAQ: CGNX ) Director Bruce Robinson J sold 7,000 shares of the firm's stock in a transaction dated Tuesday, September 5th. It has outperformed by 114.30% the S&P500. 364,823 are owned by Schwab Charles Invest Mgmt. Regions Fincl has invested 0% in Cognex Corporation (NASDAQ:CGNX). First Mercantile Trust holds 18,288 shares or 0.18% of its portfolio. (more...)
Clear Channel Outdoor Holdings, (NYSE:CCO) Experiences Heavier than Average Trading Volume
- September 14, 2017

The stock increased 3.80% or $0.15 during the last trading session, reaching $4.1. Canyon Capital Advisors Llc decreased Clear Channel Outdoor Hldgs (CCO) stake by 8.6% reported in 2016Q4 SEC filing. Catawba Capital Va holds 17,056 shares. It also upped John Hancock Income Securities (NYSE:JHS) stake by 36,965 shares and now owns 1.49 million shares. (more...)
Cook County Commissioners Take First Step To Repeal Sweetened-Beverage Tax Cook County Commissioners Take First Step To Repeal Sweetened-Beverage Tax
- September 14, 2017

Food store operators have been deeply unhappy, complaining to commissioners. "It won't be long before they start making all their purchases outside of Cook County". Those who oppose the tax include beverage company employees, who rallied against it Tuesday, and several county commissioners. Merchants and food store operators are deeply unhappy with the tax, particularly on the edges of Cook County where thrifty shoppers can easily cross the border to shop in other stores. (more...)
Myer sales below expectations Myer sales below expectations
- September 14, 2017

Myer said in May it would beat its 2016 result but later revised that down. Analysts expect lower profits this year. At Wednesday's close , Myer shares were down 48 per cent this year and it is one of the most heavily shorted stocks on the ASX. (more...)
Insmed, Inc. (NASDAQ:INSM) Closed Much Higher Than Its 50 Day Average
- September 14, 2017

During the last 52 weeks, the price has been as high as $31.39 and as low as $10.21. To do this, analysts often use a stock's beta , which measures the stock's volatility relative to the overall market. Insmed Incorporated is a biopharmaceutical company. The company's market capitalization is $1.87 billion. The Company operates through development and commercialization of therapies for patients with rare diseases segment. (more...)
Housing market: London and south east are weakest regions - RICS Housing market: London and south east are weakest regions - RICS
- September 14, 2017

An increasingly mixed picture is being seen across the United Kingdom, the Royal Institution of Chartered Surveyors (Rics) has found. Figures show that the headline price balance for Northern Ireland was +51 per cent - meaning that more than half of the surveyors questioned said prices had risen in the past three months. (more...)
Analyst's Proposition on AK Steel Holding Corporation (AKS), NVIDIA Corporation (NVDA)
- September 14, 2017

It has outperformed by 41.42% the S&P500. Dimensional Fund Advisors LP now owns 5,389,630 shares of the basic materials company's stock valued at $38,751,000 after purchasing an additional 2,436,564 shares during the period. Alliancebernstein Lp stated it has 0% in AK Steel Holding Corporation (NYSE:AKS). Boston Prns holds 0.01% or 563,758 shares. As of the end of the quarter Cubist Systematic Strategies, LLC had acquired a total of 143,201 shares growing its position 774.1%. (more...)
IIT Bombay completes placements with average gross salary of Rs 11.41 lakh IIT Bombay completes placements with average gross salary of Rs 11.41 lakh
- September 14, 2017

In all, 305 recruiters landed on campus and made 1,114 offers taking the average annual salary to Rs 11.41 lakh. "The initial part of the season was dominated by a variety of industry leaders from sectors like engineering and manufacturing, computer software and hardware, data analytics, management consulting, finance, banking and FMCG ", read the release. (more...)
Share Performance Update on The Industrial Select Sector SPDR Fund (XLI) Share Performance Update on The Industrial Select Sector SPDR Fund (XLI)
- September 14, 2017

The RSI may be useful for spotting abnormal price activity and volatility. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". Materials Select Sector SPDR ( XLB ) now has a 14-day Commodity Channel Index (CCI) of 197.55. Even though the name contains the word commodity, CCI can be used on other investment tools such as stocks. (more...)
SBI's Life to raise ₹8400 cr. via IPO opening on September 20 SBI's Life to raise ₹8400 cr. via IPO opening on September 20
- September 14, 2017

SBI sold 3.9% stake in the company to private equity investors in December 2016 for ₹1,800 crore. SBI Chairman Arundhati Bhattacharya said the bank aims to "unlock the capital" it has invested in the life insurance unit through the IPO. (more...)
Which Way Traders Signposts Edison International (EIX), Consolidated Edison, Inc. (ED) Stocks?
- September 14, 2017

Edison International has had 2 insider trades in the last 3 months, including 0 open market buys and 2 sells. Prudential Financial Inc. grew its position in Edison International by 18.4% in the second quarter. Finally, Morgan Stanley restated an "equal weight" rating on shares of Edison International in a research note on Tuesday, July 11th. The firm realized a rise in short interest of 1.79% between July 31, 2017 and August 15, 2017. (more...)
Wayne Shurts Sells 15600 Shares of Sysco Corporation (NYSE:SYY) Stock
- September 14, 2017

A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The company's stock had a trading volume of 1,440,696 shares. Investors of record on Friday, October 6th will be given a dividend of $0.33 per share. Its up 0.08, from 0.79 in 2016Q3. Several other institutional investors also recently added to or reduced their stakes in SYY. (more...)
Insider Activity: Is Management Buying HCA Healthcare, Inc. (NYSE:HCA)?
- September 14, 2017

The company was maintained on Thursday, August 17 by Morgan Stanley. The firm earned "Sell" rating on Friday, June 2 by RBC Capital Markets. RBC Capital Markets maintained it with "Outperform" rating and $102 target in Thursday, August 6 report. (more...)
Putnam says citrus industry hard hit by Irma Putnam says citrus industry hard hit by Irma
- September 14, 2017

Hollingsworth, an Arcadia grower and member of the Florida Citrus Commission. "Before Hurricane Irma, there was a good chance we would have more than 75m boxes of oranges on the trees this season, we now have much less". Ganes Consulting LLC. Florida is a key source of fresh fruits and vegetables for the nation in the winter. "As a result, the tomato crop is expected to be light at the first part of November, but volume should build and we expect a solid December", she said. (more...)
Technical Roundup On Two Stocks - CenturyLink, Inc. (CTL), Weyerhaeuser Co. (WY)
- September 14, 2017

Janney Montgomery Scott LLC now owns 71,505 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 3,995 shares during the period. Its down 9.1% from 211,000 shares previously. Shares of Regions Financial Corporation (NYSE:RF) traded up 1.33% in the last session while performance was up 13.7% in the last five days. (more...)
Hartford Financial Services Group Inc (HIG) Hartford Financial Services Group Inc (HIG)
- September 14, 2017

On Friday, August 26 the stock rating was downgraded by Argus Research to "Hold". (The) had its "neutral" rating reiterated by analysts at Nomura. (The) giving the company a "overweight" rating. Delta Asset Mgmt Ltd Company Tn reported 1,720 shares. Ghp Advsrs holds 0.19% or 6,943 shares. Wells Fargo maintained the shares of HIG in report on Thursday, March 30 with "Hold" rating. (more...)
Signal Tracker: Following the Technicals on Shares of Reliance Worldwide Corporation
- September 14, 2017

The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". Wilder has developed multiple indicators that are still quite popular in today's investing landscape. Typically, the CCI oscillates above and below a zero line. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. (more...)
US Dollar Index and US Treasury Yields Are Stable US Dollar Index and US Treasury Yields Are Stable
- September 14, 2017

President Donald Trump had not materialized, as well as a pushing back of Fed rate hike expectations. The dollar rose on Wednesday after a report showed US producer prices rebounded in August and as traders positioned themselves ahead of consumer inflation data due on Thursday that will be closely watched by the US Federal Reserve as it considers when to next raise interest rates. (more...)
EPS for BlackBerry Ltd (BBRY) Expected At $ EPS for BlackBerry Ltd (BBRY) Expected At $
- September 14, 2017

Other institutional investors also recently made changes to their positions in the company. The stock increased 1.98% or $0.22 on September 12, reaching $11.31. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued. BBRY has been the subject of several research analyst reports. (more...)
Airplane hits tug, injuring 1, on runway at Charlotte-Douglas airport Airplane hits tug, injuring 1, on runway at Charlotte-Douglas airport
- September 14, 2017

Immediately. Spokeswoman Katie Cody said the tug driver was hospitalized in stable condition. The crash is expected to impact dozens of regional flights tonight and possibly into tomorrow. The aircraft and tug are blocking several gates. A plane that took off from Yeager Airport and landed in Charlotte at Charlotte-Douglas International Airport has hit a vehicle on a taxiway. (more...)
Public Storage (PSA) Shares Sold by Raymond James Financial Services Advisors Inc
- September 14, 2017

Vanguard Group Inc. increased its holdings in shares of Public Storage by 3.4% in the second quarter. The stock rose 2.38% or $0.12 reaching $5.38. Homrich & Berg raised its stake in shares of Public Storage by 0.5% in the third quarter. BidaskClub upgraded shares of Public Storage from a "strong sell" rating to a "sell" rating in a report on Friday, June 16th. Five research experts recommended the company shares with a sell recommendation, around seven have published a hold recommendation and ... (more...)
Helmerich & Payne, Inc. (NYSE:HP) Earns Outperform Rating from Sanford C. Bernstein Helmerich & Payne, Inc. (NYSE:HP) Earns Outperform Rating from Sanford C. Bernstein
- September 14, 2017

The stock's market capitalization is $5.29 billion. About 928,840 shares traded. About 4.30M shares traded. Page Arthur B sold 6,975 shares as the company's stock declined 12.04% while stock markets rallied. Hall Laurie J Trustee has invested 0.02% of its portfolio in Citigroup Inc (NYSE:C). (NYSE:HP). Moreover, Allianz Asset Ag has 0.02% invested in Helmerich & Payne, Inc. (more...)
Newfield Exploration Company (NFX) Insider Trading: BOOTHBY LEE K sold 12000 Shares
- September 14, 2017

To gain some better insight into how Newfield Exploration Company (NYSE:NFX) is performing, let's look at some of the company's recent insider trading activity. Also Finance.Yahoo.com published the news titled: "Why Is Newfield Exploration (NFX) Down 7.4% Since the Last Earnings Report?" on September 01, 2017. (more...)
Too Soon To Tell — Glu Mobile Too Soon To Tell — Glu Mobile
- September 14, 2017

The relative volume of the stock is 0.48, while its market cap is $483.64 Million. Let's talk about the gap between analyst price targets for the next 12 months and Glu Mobile Inc . and Glu Mobile wasn't one of them! Glu Mobile has a one year low of $1.73 and a one year high of $4.00. Below is a list of Glu Mobile Inc . Weighted average cost of capital in our model is 12%, which is similar to that of a number of other companies in the mobile gaming sector, and the terminal growth rate is ... (more...)
Teva Pharmaceutical Industries Limited (TEVA) Rating Reiterated by Gabelli
- September 14, 2017

Teva Pharmaceutical Industries Limited (TEVA) maintained activity of 17.94 million shares that trade hands on average basis. Teva Pharmaceutical Industries Limited is a global pharmaceutical company. Its down 0.09, from 1.26 in 2016Q3. It worsened, as 22 investors sold Criteo SA (ADR) shares while 45 reduced holdings. 27 funds opened positions while 43 raised stakes. (more...)
Financial Update of Banco Bilbao Viscaya Argentaria SA (NYSE:BBVA)
- September 14, 2017

Wells Fargo & Company MN raised its position in Banco Bilbao Vizcaya Argentaria SA by 51.5% during the first quarter. In general, if the indicator goes above -20, the stock may be considered overbought. Finally, Stratos Wealth Partners LTD. purchased a new position in Banco Bilbao Vizcaya Argentaria SA in the first quarter worth $125,000. The original version of this story can be viewed at ... (more...)