Business


Looking back on Black Monday, the stock market crash of 1987 Looking back on Black Monday, the stock market crash of 1987
- October 19, 2017

Nothing since Black Monday has come close. The Wall Street Journal quoted Trump as saying that little nugget of self-celebration on October 20, 1987, a day after the historic Black Monday crash took the Dow industrials DJIA, -0 .23% down 508 points. (more...)
BHP's chairman says speculation of a set tenure for CEO is false BHP's chairman says speculation of a set tenure for CEO is false
- October 19, 2017

Asked by one shareholder whether Elliott boss Paul Singer was in fact calling the shots, Mr MacKenzie affirmed that "Mackenzie and MacKenzie" were running BHP. He added: "This is underway, but we will be patient as we examine all the options. We know what the acreage is worth in our hands and we are prepared to take time to best maximise shareholder value". (more...)
DE Burlo Group Inc. Has $2.86 Million Stake in Starbucks Corporation (SBUX)
- October 19, 2017

The fund owned 35,020 shares of the coffee company's stock after selling 30,590 shares during the quarter. About 43,047 shares traded. Starbucks Corporation ( SBUX ) ended its previous trading session at $55.21 with the Gain of 1.28%. Company insiders own 3.40% of the company's stock. Morgan Stanley reported 0% in Kirby Corporation (NYSE:KEX). The Firm owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, ... (more...)
Tesla Inc (TSLA) Inks Big New Australian Energy Project Deal Tesla Inc (TSLA) Inks Big New Australian Energy Project Deal
- October 19, 2017

Now Tesla won its first contract with the company and as it turns out, it's not only for a wind farm but actually the first solar+wind+energy storage project in the world. The Australian project will consist of 43.2 MW of wind power capacity using twelve of Vestas' V136-3.6 MW turbines, 15 MW of solar and 2 MW of battery storage. (more...)
Laredo Petroleum, Inc. (NYSE:LPI) EPS Analysis
- October 19, 2017

As per Monday, September 25, the company rating was maintained by Stifel Nicolaus. FBR Capital has "Outperform" rating and $33.0 target. See Navigant Consulting, Inc. Jumping in to buy stocks on a pullback may seem like a good idea, but following specific sectors may become increasingly more important. In related news, insider John T. (more...)
IPG Photonics Corporation (NASDAQ:IPGP) Trading Up - Insider Trading Activity
- October 19, 2017

About 167,990 shares traded. The following firms have recently changed their position in IPGP. It has outperformed by 50.94% the S&P500. Senator Investment Group Lp decreased Home Depot Inc (HD) stake by 20% reported in 2017Q2 SEC filing. (more...)
Walt Disney Company (The) (NYSE:DIS) Under Analyst Spotlight
- October 19, 2017

Walt Disney Company Com now has $151.65B valuation. The stock declined 0.36% or $0.35 reaching $97.9 per share. About 969,329 shares traded. Honkamp Krueger Financial Services Inc. It has outperformed by 9.32% the S&P500. Since May 4, 2017, it had 0 insider buys, and 11 sales for $54.79 million activity. $587,351 worth of Splunk Inc (NASDAQ:SPLK) shares were sold by Merritt Douglas . (more...)
Stock Trending Alert: Occidental Petroleum Corporation (OXY)
- October 19, 2017

Moreover, Dynamic Advisors Solutions Llc has 0.07% invested in the company for 11,645 shares. Cubist Systematic Strategies LLC now owns 58,489 shares of the oil and gas producer's stock worth $3,502,000 after acquiring an additional 37,499 shares in the last quarter. (more...)
Catawba Capital Management VA Has $1.36 Million Stake in Comcast Corporation (CMCSA)
- October 19, 2017

UBS AG reiterated an "overweight" rating on shares of Comcast Corporation in a research note on Thursday, August 24th. The stock has "Buy" rating by Pivotal Research on Thursday, July 27. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and global copyright laws. Comcast Corporation is maintained at an average outperform rating by 31 stock analysts, and there are at least 1.39% of shares outstanding that are now legally ... (more...)
Reinsurance Group of America, Incorporated (NYSE:RGA) Upward Momentum Touches New Heights
- October 19, 2017

About 50,450 shares traded. AJO LP lifted its stake in shares of Reinsurance Group of America, by 30.2% in the 2nd quarter. It has outperformed by 13.67% the S&P500. 10/07/2016 - Credit Suisse began new coverage on Reinsurance Group of America, Incorporated giving the company a "neutral" rating. Royal Bank of Canada owned 0.30% of Reinsurance Group of America, worth $24,648,000 at the end of the most recent quarter. (more...)
SYSCO Corporation (NYSE:SYY) has analysts on the Bullish side this week
- October 19, 2017

Northwestern Mutual Wealth Management Company decreased Spdr Series Trust (XOP) stake by 17,671 shares to 52,792 valued at $1.69 million in 2017Q2. The stock increased 0.09% or $0.01 on October 18, reaching $11.35. The rating was upgraded by JP Morgan on Tuesday, February 7 to "Overweight". The stock's 50 day moving average price is $53.57 and its 200 day moving average price is $52.80. (more...)
Amazon opens 253-MW wind park in Texas Amazon opens 253-MW wind park in Texas
- October 19, 2017

The wind farm in northwestern Texas Scurry County has more than 100 wind turbines, each more than 300 feet tall. Amazon plans of 35 additional clean-energy projects for the coming years. Original Story (9/15/16): Amazon has made its largest renewable energy project to date: a massive wind farm in Texas. As of April 2015, approximately 25 percent of the power consumed by Amazon Web Services' global infrastructure came from renewable energy sources. (more...)
Creative Planning Marginally Raises Its Investment in Tesla, Inc. (TSLA)
- October 19, 2017

About 62,826 shares traded or 416.58% up from the average. More interesting news about Tesla Inc (NASDAQ: TSLA ) were released by: Businesswire.com and their article: "TSLA LOSS NOTICE: Rosen Law Firm Reminds Tesla, Inc". Viking Ltd Partnership has invested 1.39% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Polar Capital Llp invested 0.03% in Tesla Inc (NASDAQ:TSLA). (more...)
SEC orders suspension of Oando shares SEC orders suspension of Oando shares
- October 19, 2017

SEC is the apex regulator of the Nigerian capital market. Reacting, the company's Chief Compliance Officer/Secretary, Ayotola Jagun, said in a statement: "The company has received communication from Nigerian Stock Exchange, NSE, that the Securities and Exchange Commission, SEC, has issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied". (more...)
Prostate Cancer Therapeutics Drugs Market Growing Demand, Potential Application 2017
- October 19, 2017

Moreover, it details different Drugs for Malaria market policies, economic and technological frameworks of Drugs for Malaria industry and Drugs for Malaria market dynamics. In the last, report displays an in-depth analysis of leading marketing players, product specification, company profiles along with the contact details, production cost. (more...)
Nissan to halt auto shipments in Japan for inspection review Nissan to halt auto shipments in Japan for inspection review
- October 19, 2017

The automaker's CEO Hiroto Saikawa told a press conference that final inspections at four of its six domestic plants were still conducted by uncertified personnel even after the company had apologized and made a decision to recall some 1.2 million vehicles over the malpractice. (more...)
Outgoing Malaysia Airlines chief explains Ryanair move Outgoing Malaysia Airlines chief explains Ryanair move
- October 19, 2017

There has been no interference. However, the UK's " Telegraph Travel " said the carrier's flight operation manager Elaine Griffin has been appealing to former staff to return to the airline for more money and better working conditions. Love for country is pulling me back to Ireland. The airline got in trouble about a month ago when they announced that they would be cancelling several flights in the space of six weeks. (more...)
MongoDB Prices IPO Of 8 Mln Shares At $24 MongoDB Prices IPO Of 8 Mln Shares At $24
- October 19, 2017

At $24 a share, the IPO will take MongoDB's valuation to almost $1.2 billion, based on the 48.9 million shares outstanding. In addition, MongoDB has granted the underwriters a 30-day option to purchase up to 1.2 million additional shares of Class A common stock at the IPO price less underwriting discounts and commissions. (more...)
Lyft raises $1 billion at $11 billion valuation led by Alphabet's CapitalG Lyft raises $1 billion at $11 billion valuation led by Alphabet's CapitalG
- October 19, 2017

Alphabet Inc. had been holding conversations with Lyft dating back several months bout a potential investment in recent weeks, signaling strong support for Uber 's main USA competitor, according to people familiar with the matter. But relations between Uber and Google's parent company have likely soured in general now that Alphabet's Waymo self-driving company is engaged in an ongoing legal battle with Uber over allegedly stolen trade secrets regarding LiDAR tech. (more...)
Deutsche Bank AG Downgrades American Electric Power Company, Inc. (AEP) to Hold
- October 19, 2017

The volume of ANDV witnessed a shift from 1.47 million shares, based on a 50-day average, to 1.41 million shares. Robinson Capital Management Llc owns 279,513 shares or 0.76% of their USA portfolio. Whittier Tru Co Of Nevada, Nevada-based fund reported 25,527 shares. Cambridge Inv accumulated 144,689 shares. The insider, CHODAK PAUL III , now holds 0 shares of AEP . (more...)
Pensionfund DSM Netherlands Takes Position in Crown Holdings, Inc. (CCK)
- October 19, 2017

Prudential Financial Inc has 295,345 shares for 0.03% of their portfolio. Crown Holdings earned a news sentiment score of 0.09 on Accern's scale. Analysts covering Crown Holdings Inc ( NYSE:CCK ) are predicting double-digit earnings per share growth of 40.96% over the following three years. (more...)
Cognizant Technology Solutions Corporation (CTSH) Shares Sold by Sentry Investment Management LLC
- October 19, 2017

The stock ended last trade at $29.52 a share and the price is up more than 36.48% so far this year. Bank of America Corporation reiterated a "buy" rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions Corp in a report on Tuesday. (more...)
Noteworthy Stocks: CVS Health Corporation (CVS), Yamana Gold, Inc. (AUY)
- October 19, 2017

The Stock shows P/E value of 0 and Forward P/E of 18.18. Yhb Advisors holds 102,869 shares or 1.42% of its portfolio. About shares traded. CVS Health Corp (NYSE: CVS ) has declined 24.40% since October 19, 2016 and is downtrending. Calamos Advsr Ltd Liability Corp holds 35,389 shares. The legal version of this story can be accessed at https://stocknewstimes.com/2017/10/19/cvs-health-corporation-cvs-shares-bought-by-westchester-capital-management-inc.html. (more...)
EQT Corporation (NYSE:EQT) Rating Reiterated by Scotiabank
- October 19, 2017

About shares traded. EQT Corporation (NYSE:EQT) has declined 18.61% since October 18, 2016 and is downtrending. It has underperformed by 55.93% the S&P500. During the same period in the previous year, the company earned ($0.35) earnings per share. EQT's profit would be $1.74 million giving it 1583.00 P/E if the $0.01 EPS is correct. (more...)
Vancouver's bid to house Amazon's second headquarters given green light Vancouver's bid to house Amazon's second headquarters given green light
- October 19, 2017

Duke City leaders have said they will submit a proposal but News 13 has yet to hear if that has officially happened. It's official. The joint proposal developed by economic development agencies in Rochester and Buffalo have now submitted what they are calling "an extremely sophisticated and compelling bid" to Amazon in response to the "request for proposals" put out by Amazon for a second headquarters. (more...)
BNY Mellon profit climbs on strength in asset servicing
- October 19, 2017

BK has diverse figures for different time frames; starting from week's performance it has negative performance of -1.28% in last five regular trading sessions. The rating was upgraded by Bernstein on Wednesday, August 5 to "Outperform". Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued. (more...)
General Electric Company (GE) EPS Estimated At $0.50
- October 19, 2017

Revance Theraputics Inc now has $804.38 million valuation. It closed at $42.65 lastly. (NYSE:BLK) has risen 12.19% since October 19, 2016 and is uptrending. Unilever N V (NYSE:UN) was reduced too. Shares of Portland General Electric Company ( NYSE:POR ) opened at 45.18 on Thursday. During the same period in the previous year, the business earned $0.51 EPS. (more...)
PTC Therapeutics, Inc. (NASDAQ:PTCT) Valuation According To Analysts
- October 19, 2017

On Friday, October 23 the stock rating was initiated by Jefferies with "Hold". About 98,881 shares traded. As regular trading ended, PTC Therapeutics , Inc. Svoronos Dawn bought $337,230 worth of stock. Its down 0.24, from 1.16 in 2017Q1. The ratio fall, as 47 funds opened new and increased holdings, while 51 cut down and sold their positions in PTC Therapeutics Inc. (more...)
ConocoPhillips (COP) Holdings Increased by BB&T Securities LLC
- October 19, 2017

It has underperformed by 7.20% the S&P500. Ritter Pharmaceuticals, Inc.is given 0 buy-equivalent recommendations, 0 sells and 0 holds. Revenue, on the other hand, scored -6.28% growth from the previous quarter, coming up with $7.28 billion. (more...)
LHC Group Inc (NASDAQ:LHCG) Quarterly Sentiment Change Report
- October 19, 2017

Another trade for 3.00M shares valued at $207.65 million was sold by GATES WILLIAM H III . It has underperformed by 16.70% the S&P500. BidaskClub downgraded LHC Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 12th. (more...)