The final days of 2016 will likely determine whether 2015’s U.S. sales record will stand or fall. Regardless December sales figure to show an industry flattening but not in decline It is coming down to the final hours of 2016 as automakers race to top 2015’s record of 17.4 million U.S. units sold.
Day: December 30, 2016
2017 Will Be a Year of Individual Stocks
As the world awaits the next big product cycle in self-driving cars or artificial intelligence, it will have to be happy with the success of individual companies. The U.S. is back in an “in between” period where individual tech companies have “great stories,” rather than the whole sector, Elevation Partners cofounder Roger McNamee said on CNBC’s “Squawk Alley” on Friday morning.
‘Political Unpredictability’ Surrounds Obamacare’s Survival, Says MIT Professor
Republicans are looking to repeal Obamacare, but one of the law’s architects says there are ways to improve the ACA without repealing it. When it convenes on Jan. 3, one of the main priorities of the Republican-controlled new Congress are expected to seek the repeal of the Affordable Care Act, or Obamacare .
What Does 2017 Have in Store? 3 Market Metrics That Will Tell You
January can tell you a lot about what the market might do to your portfolio in 2017, if you pay attention to the right patterns. Will 2017 bring investors good returns? History indicates that’s likely, but as with all things related to the stock market, nothing is a certainty.
5 Great Media Stocks for 2017
With the pay-TV landscape continuing to evolve in an over-the-top world, analysts are singling out their top media stocks ahead of the new year. The media and entertainment industry was turbulent in 2016, as the arena for over-the-top services became more crowded than ever and a number of mega-deals were announced or fizzled out.
Traders Are Cleaning Out Their Portfolios
The gap-up open was quickly sold, as market players seem more interested in cleaning out their portfolios so they can start fresh in 2017, rather than starting new positions. Breadth is running about 2,600 to 3,800 negative, and we only have about 100 stocks hitting new 12-month highs today.There is weak action in the big-cap FANG names, and there isn’t much going on as far as themes.
Tracking Bank of America’s Uptrend Dips
I’ve been selectively adding exposure to financials, energy, and small-caps, as they’ve experienced explosive rallies since November. Despite the pullback, BAC has been on a tear.
Zoe’s Kitchen Would Love to Forget 2016 Ever Happened
But for Mediterranean restaurant chain Zoe’s Kitchen , 2016 was a year to forget, with the stock falling 50% from its high of about $40 in April to $20 and change in October — an all-time low. Though it has recovered a bit since then, the stock is down around 13% year to date.
Wall St Set to End 2016 With a Whimper
U.S. stocks fell on the last trading day of 2016, eating into gains for the year, following a decline in technology stocks. The S&P 500 technology sector’s 0.7 percent fall put the broader index on track for its third straight day of losses – the longest losing streak since Nov. 4. The Dow Jones Industrial Average, which came within 13 points of breaching the 20,000 level last week, is now more than 200 points away from the milestone.
Town in Budweiser Clydesdale ad fights to save its charm
In this photo taken Dec. 20, 2016, a person passes a home with window shutters while walking towards a covered bridge in Woodstock, Vt. The village of Woodstock is cracking down on homeowners who are refusing to keep shutters on their homes.
These 3 Stocks Just Raised Their Dividends
Unlike many others, income investors will probably remember 2016 fondly. After all, the year was stuffed full of dividend raises.
Set a Time Frame for Your Financial Goals
It’s almost the end of another year — a good time to reflect on the accomplishments of the previous months and start setting goals for the new year, including financial ones. To be successful, it’s important to know the “when” of your financial goals.
Company agrees to pay $1.2M to run pipeline through forest
A company that wants to run a natural gas pipeline through a Massachusetts state forest has agreed to pay $1.2 million for the right. The agreement announced Thursday settles a lawsuit brought by Tennessee Gas Pipeline Co., a subsidiary of Kinder Morgan.
This 24-second video starring an adorable kid and an Amazon…
People love Amazon Echo , but more and more people are buying the smaller $50 Echo Dot, which can do all the same things as the Echo but also be plugged into other speaker systems to take advantage of the better audio quality. In fact, the Echo Dot has been the top-selling device on Amazon.com since November 1. As more and more people buy into the Echo family, they’re also learning the nuances of owning these types of devices – specifically, that they can’t always understand you, and don’t always do what you want them to do.
Here’s the simple trick to look your best in selfies from your…
Have you ever taken a selfie, looked at it afterward, and thought, That’s not even what I look like! The problem was likely wide-angle distortion, the property of smartphone lenses that renders their subjects a bit odd-looking and cartoonish. Fortunately, there’s a simple way around the problem if you understand a bit about the optics of these devices.
Here’s the surprising reason we drop a ball on New Year’s Eve
The dropping of the New Year’s Eve ball in Times Square has been a tradition for over 100 years. We spoke with the agent for the ball itself, Jeffrey Straus, and climbed to the top of One Times Square to find out why millions Click below for the top news from around the Bay Area and beyond.
S&P 500 Analyst Moves: FIS
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Fidelity National Information Services is now the #24 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
Dow Analyst Moves: JPM
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, JPMorgan Chase is the #19 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, JPM claims the #299 spot.
China’s Huawei Vows to Shake Everything Up in a Tougher 2017
Huawei Technologies Co. pledged to overhaul its culture and rethink the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed.
Brent Oil Set for First Annual Gain in 4 Years Before OPEC Cuts
Brent oil, the global benchmark, is headed for its first annual advance in four years before supply cuts from OPEC and other producing nations next month intended to stabilize the market and reduce swelling global inventories. Futures added 0.5 percent in London.
Run-DMC in $50m trademark battle
A member of pioneering rap group Run-DMC has filed a $50m lawsuit accusing retailers of unlawfully using the group’s name on items of clothing. Darryl “DMC” McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws.
Bank of Italy Puts Monte dei Paschi Rescue Cost at $9.25 Billion
The Bank of Italy said Friday that the cost to rescue failing lender Banca Monte dei Paschi di Siena will likely hit a 8.8 billion , a figure that falls largely in line with European Central Bank estimates. BMPS will need around a 4.6 billion to shore up the bank’s capital base and repair its common tier 1 equity ratio, the Bank of Italy said in a statement, and a further a 2 billion to cover retail investors, putting the cost for Italian taxpayers at a 6.6 billion.
London shares tread water after new high
London’s FTSE 100 index stayed just below the record high set on Thursday in quiet pre-New Year trading. The biggest faller was outsourcing company, Capita, with shares down 3%.
Oil Prices on Track for Greatest Yearly Percentage Gain Since 2009
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.
Japan’s Stock Market Ekes Out Small Gains for the Year
Officials and investors celebrated the end of 2016 at the Tokyo Stock Exchange on Friday as Japanese shares dropped to a three-week low on the last trade. The benchmark Nikkei sled in choppy trade as investors took profits from the recent gains on the last trading day of 2016, but the market managed to eke out marginal gains for the year.
Hong Kong Stocks End a Volatile 2016 Roughly Flat
Hong Kong shares rose around 1 percent on Friday, but the main indexes ended 2016 near where they started after a volatile 12 months, punctuated by Britain’s vote to leave the European Union and Donald Trump’s triumph in the U.S. presidential election. On the last trading session of the year, the Hang Seng index added 1.0 percent, to 22,000.56 points, while the Hong Kong China Enterprises Index gained 0.9 percent, to 9,394.87.
China’s Shanghai Index Records Double-Digit Loss for 2016
Chinese stocks rose slightly on Friday, the last trading day of 2016, but the blue-chip index ended the year more than 11 percent lower despite signs of resilience in the world’s second-largest economy. The Chinese market did find its footing after a deep plunge early in 2016.
Mobileye Jumps on Deal With Carmakers for Driverless Data
Mobileye NV, the Jerusalem-based maker of chips and software for driverless cars, jumped the most in six months after announcing a strategic partnership with HERE, the mapping consortium forged by German automakers. Shares of Mobileye rose 9.8 percent to $38.44 in New York, the most since June 30. The stock is still down 9.1 percent this year.
Tesla Makes Reno a Critical Stop on Way to Las Vegas and CES
As far as Tesla’s concerned, what’s happening in Las Vegas can stay in Las Vegas. The real action is some 400 dusty miles northwest, across the state in Reno.
Wall Street’s Trump Bonanza Won’t Avert Job Cuts at Banks in ’17
Bank stocks are on a tear after Donald Trump’s victory drove up expectations for the industry’s profits. Here’s the catch for many people working there: Holding onto their jobs won’t be any easier.
Fairfax Wins Central Bank’s Approval to Take Over Indian Lender
Value investor Prem Watsa’s Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India’s central bank is allowing a foreign investor to purchase a majority stake in a domestic lender. Catholic Syrian, based in Thrissur in south India’s Kerala state, received notification of the approval Thursday from the Reserve Bank of India, director T.S. Anantharaman said in a phone interview.
Oil and Gas Explorers Headed for IPO Are Finding Buyers Circling
As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far.
European Stocks to Open Mixed Following Asia Gains; FTSE 100 Set For Early Close
European stocks are expected to open with little change from Thursday’s close in the final session of the year. European stocks are expected to open mixed Friday as investors tidy-up positions on the final trading day of the year.
China’s Huawei Vows to Shake Up Its Business for a Tougher 2017
Huawei Technologies Co. pledged to overhaul its culture and re-think the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed.
Tesla stock might close down for the year – and that could…
The Wall Street Journal’s Steven Russolillo tweeted on Thursday that Tesla shares are down at the end of year for the first time since the carmaker’s 2010 IPO. It’s an accurate observation, although one that should be taken with a rather large grain of salt.