Business


Cowen and Company Reiterates $147.00 Price Target for Johnson & Johnson (NYSE:JNJ) Cowen and Company Reiterates $147.00 Price Target for Johnson & Johnson (NYSE:JNJ)
- October 17, 2017

Atlanta Capital L L C reported 0.22% of its portfolio in Johnson & Johnson (NYSE: JNJ ). Johnson & Johnson now has an average rating of Hold and an average price target of $135.98. First Citizens Bankshares And Trust Communication invested in 97,260 shares or 1.65% of the stock. Bb&T Ltd Liability Corp holds 0.24% or 82,442 shares in its portfolio. (more...)
Adobe Systems Incorporated (ADBE)- Stocks Taking Toll on Performance Valuation
- October 17, 2017

About 21,073 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since October 17, 2016 and is downtrending. It has underperformed by 21.16% the S&P500. Voloridge Management Ltd invested in 0.01% or 6,678 shares. Agf stated it has 417,345 shares. Cornerstone Capital holds 3.22% or 626,253 shares in its portfolio. (more...)
Narayan Rane joins NDA, may get cabinet berth in Maharashtra government Narayan Rane joins NDA, may get cabinet berth in Maharashtra government
- October 17, 2017

Mumbai: Finally, the farmers from the Maharashtra would get benefit of loan waiver from October 18. Maharashtra Chief Minister Devendra Fadnavis announced on Tuesday that former Congress leader Narayan Rane has joined the National Democratic Alliance (NDA). (more...)
Bank details of Indians on sale on 'dark web' for Rs 500 Bank details of Indians on sale on 'dark web' for Rs 500
- October 17, 2017

This in turn led them to two members of the gang from Mumbai, following which they were arrested. The Madhya Pradesh Police Cyber Cell has busted an global gang led by a Pakistani national operating from Lahore, involved in selling debit and credit card details of Indians, including all the particulars of the bank account the card is connected with, and its linked phone numbers, email IDs and CVV number, for the price of just Rs 500. (more...)
Endo International plc (NasdaqGS:ENDP) ERP5 Score in Focus
- October 17, 2017

This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. Endo International plc (ENDP)'s average Piotroski F-Score: 4 during the last 7 years. Another way to determine the effectiveness of a company's distributions is by looking at the Shareholder yield (Mebane Faber). Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the ... (more...)
Wipro Q2 profit rises 6 percent, beating estimates Wipro Q2 profit rises 6 percent, beating estimates
- October 17, 2017

Wipro's revenues from IT products segment was Rs 300 crore (USD 46 million) in the reported quarter. IT Services segment revenues in dollar terms were $2,013.5 million, an increase of 2.1% sequentially (Non-GAAP constant currency increase of 0.3% sequentially) and 5.1% YoY (Non-GAAP constant currency increase of 2.8% YoY). (more...)
Axis Bank's September Quarter Profit Surges About 36% Axis Bank's September Quarter Profit Surges About 36%
- October 17, 2017

Its gross non-performing assets ratio moved up to 1.80 per cent from the 1.75 per cent a year ago and as a result fresh slippages came in at Rs 77.5 crore and were driven by the retail loans, including mortgages and commercial vehicles, Natrajan said. (more...)
Malaysia Airlines says announcement of CEO move to Ryanair 'unexpected' Malaysia Airlines says announcement of CEO move to Ryanair 'unexpected'
- October 17, 2017

In a statement, Malaysia Airlines pointed out that Bellew had previously denied he would rejoin the Irish airline. Bellew will take over responsibility for all Ryanair's flight operations, ground operations and engineering, Ryanair said in a statement. (more...)
Indian Navy gets anti-submarine warfare INS Kiltan Indian Navy gets anti-submarine warfare INS Kiltan
- October 17, 2017

It translates into improved stealth features, lower top weight and maintenance costs. Navy chief Admiral Sunil Lanba, Vice Admiral H C Bisht , flag officer-commanding-in-chief, Eastern Naval Command, Vice Admiral D M Deshpande , controller of warship production and acquisition, Rear Admiral V K Saxena (retd), chairman and managing director, GRSE and others senior officers were present during the occasion. (more...)
Today Analysts Focus on Occidental Petroleum Corporation (OXY), Altaba Inc. (AABA)
- October 17, 2017

The company was upgraded on Monday, December 5 by Cowen & Co. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.9. Its up 51.35% from 1.47 million shares previously. It also reduced Abbott Labs (NYSE:ABT) stake by 7,203 shares and now owns 193,150 shares. Cytosorbents Corp (NASDAQ:CTSO) was raised too. (more...)
Madame Tussauds-owner Merlin blames attacks for dip in summer trade Madame Tussauds-owner Merlin blames attacks for dip in summer trade
- October 17, 2017

The stock fell up to 21 percent after Merlin forecast core earnings for 2017 in the range of 470 million pounds to 480 million pounds ($622-$636 million). Merlin said it would reallocate capital investment to address the ongoing volatile market environment and underlying cost pressures. The company announced that it would reduce capital expenditure in its existing estate segment by 100 million pounds ($132.7 million) and divert GBP30 million into its productivity program. (more...)
Inflation hits five year high of 3% Inflation hits five year high of 3%
- October 17, 2017

The house price index climbed 5.0 percent year-over-year in August, faster than the 4.5 percent rise in July, which was revised down from a 5.1 percent increase reported earlier. "That has been a factor that will have influenced premiums to some extents", said Grafton. Under the changes, the EQC's premium will be raised to 20 cents per $100 of cover, from 15 cents per $100 of cover, according to the budget announcement. (more...)
Denver submits bid for Amazon HQ2 Denver submits bid for Amazon HQ2
- October 17, 2017

Washington, D.C.'s mayor prepared a video of herself asking Amazon's Alexa about the new headquarters; an Arizona region sent a cactus to Amazon's Washington headquarters; and Birmingham, Ala., set up Amazon delivery boxes around town and created a Dash button-themed social-media campaign. (more...)
Alphabet brings burritos-by-drone delivery to Australia
- October 17, 2017

The delivery drones will also gather valuable data for testing too. The Australian tests are taking place in a rural community near Canberra, the national capital, where residents "face a 40-minute round trip in the auto for nearly anything, whether it's a carton of milk, veggies for dinner, or a cup of coffee", Burgess said in a company blog post . (more...)
What You Need To Know About Trump's Health Care Executive Order What You Need To Know About Trump's Health Care Executive Order
- October 17, 2017

The subsidies help lower copays and deductibles for people with modest incomes. The Trump administration took over the lawsuit and had delayed deciding whether to continue the Obama administration's appeal or terminate the subsidies, but in April Trump began threatening to stop the payments. (more...)
Momentum Watch: Koovs Plc (KOOV.L) Spotted Above Chikou
- October 17, 2017

Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. When reading Ichimoku Kinko Hyo charts, investors should note that the Tenkan-Sen line leads the Kijun-Sen, and tracks price with more sensitivity because it covers a shorter period of time. (more...)
Food and transport costs help push inflation to five-year high Food and transport costs help push inflation to five-year high
- October 17, 2017

Non-tradables prices rose 0.7% for the quarter, a little stronger than we and the RBNZ expected. CPI was up 0.3% month-on-month, also as expected, figures from the Office for National Statistics showed, following 0.6% a month earlier. Inflation is then forecast to fall to 2.6% in 2018, before settling at 2.2% in both 2019 and 2020 respectively. Economists have previously warned the squeeze on households was being exacerbated by subdued wage growth . (more...)
Next Weeks Broker Price Targets For Lockheed Martin Corporation (NYSE:LMT)
- October 17, 2017

The stock rose 0.52% or $0.79 reaching $151.34 per share. About shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 16, 2016 and is uptrending. Cantab Capital Partners Limited Liability Partnership has invested 0% in Lockheed Martin Corporation (NYSE:LMT). California Pub Employees Retirement System accumulated 0.3% or 676,703 shares. (more...)
Sherwin-Williams Company (The) (NYSE:SHW) Shares Bought by TT International Sherwin-Williams Company (The) (NYSE:SHW) Shares Bought by TT International
- October 17, 2017

The stock increased 0.59% or $2.27 on October 13, reaching $385.84. Sherwin-Williams Co (NYSE: SHW ) has risen 15.27% since October 16, 2016 and is uptrending. The rating was maintained by RBC Capital Markets on Thursday, July 13 with "Buy". Brinker Capital accumulated 20,218 shares. RBC Capital Markets maintained Sherwin-Williams Co (NYSE:SHW) on Wednesday, October 4 with "Outperform" rating. (more...)
Asos pre-tax profits soar 145% Asos pre-tax profits soar 145%
- October 17, 2017

Youth fashion retailer ASOS shrugged off mounting signs of a United Kingdom consumer slump on Tuesday as it announced a 27% jump in sales to £1.8 billion. Asos PLC (ASC.LN) reported Tuesday a more-than-doubled pretax profit for fiscal 2017, on the back of strong global sales growth, as the company raised its sales guidance for fiscal 2018. (more...)
Supermarket sales lifted by rising prices and early Christmas shopping Supermarket sales lifted by rising prices and early Christmas shopping
- October 17, 2017

Sainsbury's sales were up 1.9 percent and Asda saw growth of 1.8 percent, it said. Meanwhile low-priced rivals Aldi and Lidl continued to gain on the big four and collectively added GBP390 million to their sales this period, which "accounts for half of the entire market?s overall growth this period", Mckevitt noted. (more...)
Credit Suisse targeted by activist fund Credit Suisse targeted by activist fund
- October 17, 2017

RBR is launching a campaign for breaking up Swiss bank Credit Suisse into three parts, the Financial Times reported earlier. The bank said it "welcomed the views of all our shareholders" but was focused on Mr Thiam's strategy. Although the stake is relatively small, RBR said it has also signed non-disclosure agreements with around 100 other investors, including other shareholders in Credit Suisse. (more...)
Signal Spotter: Shares of Nuveen Insured California Tax-Free (NKX) Above Chikou Signal Spotter: Shares of Nuveen Insured California Tax-Free (NKX) Above Chikou
- October 17, 2017

The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Many investors may feel like they have missed out on the markets getting to where they are today. In general, and ADX value from 0-25 would represent an absent or weak trend. When undertaking stock analysis, investors and traders may choose to view some additional technical levels. (more...)
Baird Financial Group Inc. Increases Stake in Cognizant Technology Solutions Corp (CTSH)
- October 17, 2017

It has underperformed by 11.20% the S&P500. Andrew Feldstein decreased its stake in United States Stl Corp New (X) by 71.81% based on its latest 2017Q2 regulatory filing with the SEC. Cognizant Technology Solutions Corp had a net margin of 11.52% and a return on equity of 18.83%. Since January 1, 0001, it had 0 insider buys, and 20 insider sales for $8.33 million activity. (more...)
Reynders Mcveigh Capital Management LLC Raised Smucker JM Co (SJM) Holding
- October 17, 2017

Reynders Mcveigh Capital Management Llc who had been investing in Smucker J M Co for a number of months, seems to be bullish on the $12.01B market cap company. The institutional investor held 91,318 shares of the packaged foods company at the end of 2017Q2, valued at $10.81 million, up from 8,718 at the end of the previous reported quarter. (more...)
Indonesia AirAsia Jet Plunges 24000 Feet in Just 9 Minutes Indonesia AirAsia Jet Plunges 24000 Feet in Just 9 Minutes
- October 17, 2017

AN INVESTIGATION has begun into a terrifying mid-air emergency on an AirAsia flight from Perth to Bali that prompted one passenger to contact her family because she thought she was going to die. "It was really upsetting", she added. Peter Gibson, spokesman for Civil Aviation Safety Authority, the Australian industry regulator, said the airline had been asked for information on what occurred on board. (more...)
Aspiriant LLC Has $1.09 Million Holdings in Nike, Inc. (NKE)
- October 17, 2017

The firm had revenue of $8.43 billion for the quarter, compared to analysts' expectations of $8.47 billion. Its up 35.14% from 3,700 shares previously. Tdam Usa Inc holds 0.29% of its portfolio in PVH Corp (NYSE:PVH) for 50,211 shares. Brighton Jones holds 23,955 shares or 0.2% of its portfolio. Mariner Wealth Advisors Lc holds 92,870 shares. (more...)
Motorola Solutions, Inc. (MSI) Upgraded at Cleveland Research
- October 17, 2017

It has outperformed by 0.92% the S&P500. Gemmer Asset Mngmt Ltd Com reported 0% stake. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Cowen & Co maintained Gilead Sciences, Inc. The firm has "Overweight" rating by JP Morgan given on Wednesday, September 21. Investors sentiment decreased to 1.03 in Q2 2017. (more...)
SSGA SPDR ETFS Europe I (EMCB.L) Shares Spotted Above Chikou Line
- October 17, 2017

Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. Moving averages can be very useful for identifying peaks and troughs. SSGA SPDR ETFS Europe I Plc (TRSY.L)'s Williams %R presently stands at -28.09. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. (more...)
Singapore exports slump in September
- October 17, 2017

The decline comes after a 16.7 per cent growth in August marked four months of expansion. Non-electronic NODX, however, continued to hum in September, albeit at a modest 1.9 per cent pace. The September NODX figure was unexpected, but what was more worrying was the first on-year decline in electronic exports after 10 months of expansion, said UOB economist Francis Tan. (more...)