Finance
FTSE 100 rebounds after Wall Street comeback but jitters remain
It's all been fuelled by concern over the prospect of higher interest rates and rising inflation. Bond prices have weakened in the past week-and-a-half as investors adjusted for the likelihood of a stronger USA economy and higher inflation, which could lead the Federal Reserve to boost interest rates more times than previously anticipated. [Full Article...]
Myer flags more writedowns after poor Jan
Just before the close of trade yesterday Myer shares were selling at 0.64 cents apiece, but upon opening today they plummeted to a low of 0.58 cents each. " The significant deterioration in trading reflects ongoing challenging retail conditions with widespread industry discounting, a subdued performance of Myer's Stocktake Sale and a continued shift in consumer behaviour characterised by reduced f... [Full Article...]
Australian bonds jump as RBA's monetary policy statement cites inflation concerns
Employment is booming, business is investing and trade with Asia is intensifying as the global economy strengthens, he noted. 'All this points to rising interest rates, both here in the United Kingdom and in other major economies. The underlying tone of the Statement was one which was still cautious on the outlook, particularly surrounding inflation and the degree of spare capacity within the ec... [Full Article...]
Markets tank again as Sensex loses 400 points, Nifty below 10500-mark
In scrips, ICICI Bank , Axis Bank, Yes Bank and Adfani Portsdeclined. Bucking the fall on the Nifty50 were Tata Steel , Asian Paints and Lupin , all of which gained marginally. This was the third fall of more than 500 points for the Dow in the last five days and the index is now down 10% from its peak on January 26, a fall known as a "correction", The Guardian reported. [Full Article...]
The Rathbone Brothers plc Has $27968000 Stake in Smith (AO) Corporation (AOS)
The stock decreased 1.76% or $1.13 during the last trading session, reaching $63.04. About 620,623 shares traded. It has outperformed by 10.49% the S&P500. AOS was included in 35 notes of analysts from September 11, 2015. The United Kingdom-based Origin Asset Management Llp has invested 0.97% in A. O. Smith Corporation (NYSE:AOS). [Full Article...]
How Does Associated Banc-Corp (ASB) Stack Up Right Now?
The stock decreased 1.43% or $0.2 during the last trading session, reaching $13.8. About 1.35M shares traded or 61.12% up from the average. During the same quarter in the prior year, the company posted $0.54 EPS. The institutional investor held 11,477 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.14M, up from 9,799 at the end of the previous reported ... [Full Article...]
How Analysts Rated Century Aluminum Company (NASDAQ:CENX) Last Week?
It has outperformed by 99.50% the S&P500. Horseman Capital Management Ltd decreased Facebook Inc (FB) stake by 24.8% reported in 2017Q3 SEC filing. Hirtle Callaghan & Co Llc bought 3,200 shares as the company's stock rose 12.84% with the market. [Full Article...]
Boardwalk Pipeline Partners (NYSE:BWP) Lifted to Equal Weight at Barclays
It has underperformed by 16.70% the S&P500. Jump Trading Llc increased United Continental Holdings Inc (Call) (UAL) stake by 137.29% reported in 2017Q3 SEC filing. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned "Neutral" rating by Janney Capital on Thursday, September 29. The rating was maintained by RBC Capital Markets on Tuesday, January 16 with "Hold". [Full Article...]
HSBC Loses Some Confidence in Capita (LON:CPI). Will Other Analysts Follow?
Deutsche Bank maintained the stock with "Hold" rating in Monday, November 16 report. The firm has "Hold" rating given on Thursday, November 10 by Maxim Group. Celsion Corporation (NASDAQ:CLSN) has declined 82.71% since February 8, 2017 and is downtrending. It has underperformed by 32.76% the S&P500. In related news, insider Andy McCue acquired 20,000 shares of the stock in a transaction dated We... [Full Article...]
Prudential (PRU) Given a GBX 2186 Price Target by Citigroup Analysts
Fairpointe Capital Llc who had been investing in Unisys Corporation for a number of months, seems to be bullish on the $412.62 million market cap company. (NYSE:PRU). Covington Cap Mngmt holds 0.01% or 925 shares in its portfolio. Gulf Intl Natl Bank (Uk) Limited has 0.19% invested in Prudential Financial, Inc. [Full Article...]
Burning Stock on the move: Ciena Corporation (NYSE:CIEN)
Legal & General Group Plc who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.15 billion market cap company. The overall volume in the last trading session was 4.31 million shares. Geode Mngmt Llc owns 250,331 shares. Fayez Sarofim And has 3,637 shares. Managed Asset Portfolios Limited Liability Corp reported 231,736 shares. (NYSE:LOW). [Full Article...]
KapStone Paper and Packaging (KS) Rating Lowered to Equal Weight at Stephens
BMO Capital Markets maintained the stock with "Outperform" rating in Friday, October 27 report. Among 5 analysts covering WAVE Life Sciences ( NASDAQ:WVE ), 5 have Buy rating, 0 Sell and 0 Hold. The stock was sold at an average price of $20.80, for a total value of $1,471,912.00. Following the completion of the transaction, the director now owns 445,056 shares of the company's stock, valued at a... [Full Article...]
Tesla sticks by Model 3 target, warns spending could rise in 2018
The company has struggled to build its first mass-market vehicle, the Model 3 , because of bottlenecks in battery module production . Tesla (NASDAQ: TSLA ) last announced its earnings results on Wednesday, February 7th. The biggest issue (at least according to Musk during the third-quarter earnings call on November 1) is with the new type of battery the company is building in order to cost... [Full Article...]
Fifth Third Bancorp (FITB) SVP Mark D. Hazel Sells 7500 Shares
Currently, Fifth Third Bancorp (NASDAQ: FITB ) has an average volume of 5.81 Million. The stock decreased 3.83% or $1.24 during the last trading session, reaching $31.1. 34 funds opened positions while 59 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported. While for the Next 5 years, the company could expect a growth of 7.49% per annum, whereas ... [Full Article...]
It's Not Over: Dow Plunges 550 Points
European stocks were off more than 1 percent. Within the first half-hour of trading, the Dow Jones industrial average fell as much as 567 points and then jumped as much as 367 points. As CNNMoney put it , "Fears about the bond market, inflation and interest rates seized investors again". The index also broke below its 100-day moving average and closed under 2,600, two important thresholds. [Full Article...]
The McDonald's Big Mac just got bigger
The new addition come as the Big Mac, which was first created in 1968, celebrates its 50th birthday. The tasty trio, which is coming to the United Kingdom for the first time after success Stateside, is available until March 20. Delligatti originally wanted to call the burger "The Aristocrat", however after consideration McDonald's chose to go with the now famous name, Big Mac. [Full Article...]
Trinity Mirror snaps up the Daily Express and Daily Star
Trinity Mirror said on Friday it would pay an initial cash consideration of £47.7 million, a deferred cash consideration of £59 million payable between 2020 to 2023 and the balance of £20 million by the issue of shares. "This transformational transaction is a logical and natural next step in the evolution and consolidation of the media sector and will create a larger and stronger platform serving ... [Full Article...]
DA Davidson Lowers MACOM Technology Solutions (MTSI) Price Target to $32.00
Warren Lammert decreased its stake in Macom Tech Solutions Hldgs I ( MTSI ) by 71.86% based on its latest 2017Q3 regulatory filing with the SEC. Majedie Asset Management Ltd acquired 58,071 shares as Sohu Com Inc (SOHU)'s stock rose 17.23%. [Full Article...]
Shares in Regal Entertainment Group (NYSE:RGC) Purchased by Omni Partners LLP
It has underperformed by 18.05% the S&P500. Paloma Partners Management Company increased its stake in Raytheon Company (RTN) by 10.2% based on its latest 2017Q3 regulatory filing with the SEC. Price T Rowe Assocs Inc Md reported 37,153 shares. Rivulet Capital Ltd Liability Com owns 3.11 million shares or 5.91% of their USA portfolio. Among 28 analysts covering Alexion Pharmaceuticals Inc. [Full Article...]
Nordstrom, Inc. (JWN) Shares Bought by State of Alaska Department of Revenue
Moreno Evelyn V sold 14,007 shares as the company's stock declined 10.77% while stock markets rallied. The stock increased 3.47% or $1.62 during the last trading session, reaching $48.26. Cooke And Bieler Lp holds 1.15% or 476,282 shares in its portfolio. Ardevora Asset Llp holds 569,200 shares or 0.8% of its portfolio. Since December 15, 2017, it had 0 buys , and 1 sale for $207,756 activity. [Full Article...]