Business


Gold Beats US Stocks As North Korea Worries Drive Haven Demand Gold Beats US Stocks As North Korea Worries Drive Haven Demand
- August 11, 2017

Consumer-focused stocks, media companies and banks accounted for much of the market decline. "Since these are the stocks that have been in the spotlight the most, they tend to have the most volatility upwards and downwards", said Chris Bertelsen, chief investment officer of Aviance Capital Management in Sarasota, Florida. (more...)
Kohl's Corporation's (KSS) Sell Rating Reaffirmed at OTR Global Kohl's Corporation's (KSS) Sell Rating Reaffirmed at OTR Global
- August 11, 2017

Kohl's Corporation (NYSE: KSS ) has earned a consensus recommendation of "Hold" from the twenty-six research firms that are presently covering the company, MarketBeat.com reports. The average 12-month price target among brokerages that have issued a report on the stock in the past year is $43.81. Second quarter sales at Kohl's were down slightly, but the retailer reported a jump in net income. (more...)
Disney To Pull All Its Movies From Netflix Disney To Pull All Its Movies From Netflix
- August 11, 2017

Disney shares were off 4.9 percent at $101.78 in late-morning trades Wednesday. But I can tell you how Disney's streaming service could succeed. The service will provide users with original content developed by Walt Disney Studios. (more...)
Profund Advisors LLC Sells 5483 Shares of Verizon Communications Inc. (NYSE:VZ) Profund Advisors LLC Sells 5483 Shares of Verizon Communications Inc. (NYSE:VZ)
- August 11, 2017

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. The cell phone carrier reported $0.96 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.96. Verizon Communications had a return on equity of 63.06% and a net margin of 12.88%. (more...)
Citigroup Inc. Reiterates "Buy" Rating for NVIDIA Corporation (NASDAQ:NVDA)
- August 11, 2017

Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker's stock valued at $584,832,000 after buying an additional 895,591 shares during the period. ILLEGAL ACTIVITY WARNING: This piece of content was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. (more...)
That's the Ticket! Amazon's Next Business Venture That's the Ticket! Amazon's Next Business Venture
- August 11, 2017

Amazon was initially in talks with Ticketmaster regarding a potential partnership in the industry, but they disagreed on the issue of who would control customer data, according to a source. Amazon.com, Inc. shares were trading at $957.13 per share on Thursday afternoon, down $24.88 (-2.53%). It would also challenge Ticketmaster, which has a strong grip on the market. (more...)
Dollar at eight-week low vs yen as North Korea tensions simmer Dollar at eight-week low vs yen as North Korea tensions simmer
- August 11, 2017

He added that besides the North Korean nuclear issues, growing hawkishness from the US Federal Reserve and the European Central Bank are also making investors nervous about liquidity. US crude CLcv1 fell 0.55 percent to $49.12 per barrel and Brent LCOcv1 was last at $52.03, down 0.65 percent on the day. The dollar was down 0.53 percent against the yen at 109.48 yen, after briefly dropping as low as 109.53. (more...)
Strong Investor Interest Reported in Tesla's $1.5 Billion Bond Issue Strong Investor Interest Reported in Tesla's $1.5 Billion Bond Issue
- August 11, 2017

While pitching to potential investors, Musk is also busy in making sure that the automobile market remains interested in the upcoming Tesla Model 3 . Without decades of tradition to protect and with a visionary man at the helm, Tesla boldly went where no one had gone before and offered its Autopilot system way before other manufacturers were ready to take the risk. (more...)
Snap shares plunge after earnings disappoint Snap shares plunge after earnings disappoint
- August 11, 2017

Finally, Aegis restated a "hold" rating and issued a $22.00 target price on shares of Snap in a report on Friday, May 19th. Royal Bank Of Canada reissued an "outperform" rating and issued a $31.00 price target on shares of Snap in a research note on Monday, April 17th. (more...)
BC to make announcement on Trans Mountain pipeline expansion project BC to make announcement on Trans Mountain pipeline expansion project
- August 11, 2017

Two B.C. cabinet ministers are scheduled to speak this morning on how the government will move forward on the Trans Mountain pipeline expansion. The former Justice will also advise the government in a lawsuit launched by the Squamish First Nation arguing the province, under Christy Clark's Liberals, failed in its constitutional duty to hold adequate consultations. (more...)
London mayor pledges 4G coverage on London Underground London mayor pledges 4G coverage on London Underground
- August 11, 2017

Wi-Fi connection on the Tube is now provided by Virgin Media at most stations. "Boosting the city's connectivity will inevitably deliver significant benefits to people who live and work in London, businesses, and the millions of visitors who pass through each year", said Billy D'Arcy, UK CEO of BAI Communications , which connected the New York, Hong Kong and Toronto subways. (more...)
US 'Needs More Low-Skilled Immigrants — NY Times US 'Needs More Low-Skilled Immigrants — NY Times
- August 11, 2017

It would also cap the number of refugees accepted at 50,000 per year while eliminating the diversity visa lottery - a program that grants visas to countries with low rates of immigration to the United States. As with so many parts of our economy, immigrant families help drive the post-recession housing market , the Urban Land Institute has found. Under the RAISE Act's point system, it would be nearly impossible for an immigrant with just a high school education to qualify for ... (more...)
Research Analysts' Weekly Ratings Changes for Gray Television (GTN) Research Analysts' Weekly Ratings Changes for Gray Television (GTN)
- August 10, 2017

Highbridge Capital Management LLC increased its stake in shares of Gray Television by 84.6% in the fourth quarter. Its down 28.91% from 1.74 million shares previously. The stock has "Overweight" rating by Stephens on Wednesday, November 18. Since March 10, 2017, it had 0 insider buys, and 1 insider sale for $99,470 activity. (more...)
Wells Fargo & Company (WFC) Shares Sold by Sonata Capital Group Inc Wells Fargo & Company (WFC) Shares Sold by Sonata Capital Group Inc
- August 10, 2017

Wells Fargo & Company ( NYSE WFC ) traded down 0.97% during mid-day trading on Thursday, hitting $52.28. It has outperformed by 2.19% the S&P500. Caisse De Depot Et Placement Du Quebec increased Altria Group Inc (MO) stake by 9.12% reported in 2016Q4 SEC filing. (more...)
Fed won't need to raise interest rates in near term: James Bullard Fed won't need to raise interest rates in near term: James Bullard
- August 10, 2017

At the same time, Mr Bullard said he disagreed with the orthodox policy view that low unemployment contributes to higher inflation, saying there was little relationship. US producer prices for July, due on Thursday, and consumer price index figures on Friday are likely to draw closer attention and will give investors a clue about the extent to which a stronger labour market is spilling over into inflation. (more...)
Stock Stepping Up to a Recent High: Vantiv, Inc. (NYSE:VNTV) Stock Stepping Up to a Recent High: Vantiv, Inc. (NYSE:VNTV)
- August 10, 2017

Equities analysts anticipate that Vantiv will post $3.30 EPS for the current fiscal year. It was reported on Aug, 9 by Barchart.com. Westfield Capital Mngmt L P invested in 728,945 shares or 0.38% of the stock. The company was maintained on Thursday, June 1 by Stifel Nicolaus. On July 17 the stock rating was upgraded to "Buy" from " in an announcement from Guggenheim. (more...)
Christiansen appointed as new LEGO Group CEO Christiansen appointed as new LEGO Group CEO
- August 10, 2017

After flirting with filing bankruptcy following 2000, Lego experienced a decade of strong growth under Jorgen Vig Knudstrop's leadership, who is now the chairman of the company, which is family owned and is the maker of distinctive building bricks made of plastic that generations and generations of children have loved. (more...)
Chicago Bridge & Iron's Stock Plunges After Large Surprise Loss, Slashed Outlook Chicago Bridge & Iron's Stock Plunges After Large Surprise Loss, Slashed Outlook
- August 10, 2017

Morgan Securities, respectively. Equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current year. The stock's 50 day moving average is $17.19 and its 200-day moving average is $26.78. The company has market cap of $1.64 billion. Hedge funds and other institutional investors own 67.19% of the company's stock. (more...)
Dow Tumbles as North Korea Tensions Simmer Dow Tumbles as North Korea Tensions Simmer
- August 10, 2017

Dow e-minis were down 35 points, or 0.16 percent, with 37,467 contracts changing hands at 8:40 a.m. ET (1240 GMT). European bourses also looked set to open lower across the board, with Eurostoxx 50 futures already down 0.7 percent in early trade. (more...)
Clear Channel Outdoor Holdings Inc
- August 10, 2017

Clear Channel Outdoor Holdings (NYSE: CCO ) last issued its earnings results on Thursday, August 3rd. It has underperformed by 43.42% the S&P500. Accern also gave press coverage about the business services provider an impact score of 47.1260840815639 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. (more...)
Greenleaf Trust Increases Position in Fiat Chrysler Automobiles NV (FCAU) Greenleaf Trust Increases Position in Fiat Chrysler Automobiles NV (FCAU)
- August 10, 2017

Finally, BidaskClub upgraded shares of Fiat Chrysler Automobiles N.V. from a "sell" rating to a "hold" rating in a report on Friday, June 23rd. Fiat Chrysler Automobiles N.V. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. P/E ( price to earnings) ratio is 7.99 and Forward P/E ratio of 4.1. (more...)
Chinese firm begins $12bn Malaysia railway project Chinese firm begins $12bn Malaysia railway project
- August 10, 2017

China has been upset with Singapore in recent months because of what China has viewed as undue interference by the city-state over the South China Sea dispute and Singapore's close defence ties with the United States and self-ruled Taiwan, which China claims as a renegade province. (more...)
Morrisons to sell UK's longest sausage roll Morrisons to sell UK's longest sausage roll
- August 10, 2017

The giant pastry is the biggest of its kind in the United Kingdom, coming in at 500g and believed to be double the length and at least four times the weight of other retailer's rolls. The £1 price is an introductory offer until August 13, and will priced at £1.43 afterwards. The sausage roll is being launched in time for the start of the football season, but can also be shared with fellow sausage roll eaters. (more...)
What's next for Kasey Kahne — NASCAR mailbag What's next for Kasey Kahne — NASCAR mailbag
- August 10, 2017

Kahne has spent six years in the No. 5 vehicle and recently qualified for the Monster Energy NASCAR Cup Series playoffs with a victory at Indianapolis Motor Speedway. "I vividly remember him coming to my door trick-or-treating", Johnson said. "For whatever reason, we weren't getting it". "It's been good and awesome to have them on the auto". (more...)
Global stocks slide as US-N. Korea nuclear tensions rise Global stocks slide as US-N. Korea nuclear tensions rise
- August 10, 2017

The Nikkei slumped to its lowest close for nearly three months yesterday, leading an Asia-wide sell-off sparked by President Donald Trump's apocalyptic warning over North Korea's weapons programme. Disney dropped 3.9 percent, its biggest single-day loss in more than a year, after the media giant reported a weak quarter and said it would pull its movies from Netflix and start two of its own video streaming services. (more...)
Fidelity launches test to include bitcoin in customers' investment portfolio Fidelity launches test to include bitcoin in customers' investment portfolio
- August 10, 2017

The $2.3 trillion investor announced on Wednesday a partnership between its Fidelity Labs, the firm's innovation center, and Coinbase, the cryptocurrency exchange serving almost 9 million customers. The currency's rise in value is not a driving force behind the initiative, Stern said, noting that the integration is part of Fidelity's wider efforts around cryptocurrencies and their underlying technology blockchain. (more...)
How Have Institutional Investors Been Trading Vonage Holdings Corp. (VG)?
- August 10, 2017

At recent closing price of $28.53, OMI has a chance to add $2.53 or 8.87% in 52 weeks, based on mean target price ($31.06) placed by analysts.The analyst consensus opinion of 3.8 looks like a sell. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . The stock has current RSI value of 82.27. (more...)
Philip Morris International Inc (PM) Rating Reiterated by Goldman Sachs Group, Inc
- August 10, 2017

It has outperformed by 18.68% the S&P500. Public Employees Retirement Association Of Colorado decreased Philip Morris I (PM) stake by 1.29% reported in 2016Q4 SEC filing. Investors sentiment increased to 1.1 in 2016 Q4. Its the same as in 2016Q3. Other large investors also recently added to or reduced their stakes in the company. (more...)
CPI Card Group Inc
- August 10, 2017

Currently, the stock is -31.23% from its 50-Day High and -7.04% from the 50-day low. The share price has moved backward from its 20 days moving average, trading at a distance of -57.54% and stays -54.6% away from its 50 days moving average. (more...)
Nuveen Municipal High Income Oppty Fund
- August 10, 2017

The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI value will always move between 0 and 100. They may be keeping a close watch on certain stock levels. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. The stock of Teradata Corporation (NYSE:TDC) earned "Sell" rating by Summit Research on Monday, November 9. (more...)