Day: January 6, 2017

Here’s Why Recent IPO AquaVenture Faces Serious Headwinds in 2017

Shares of AquaVenture Holdings has advanced nearly 16% since the firm’s initial public offering on Oct. 5, but the provider of water purification services will likely face significant headwinds this year. Although the longer-term picture is positive, the company faces notable challenges in the short term with significant operating losses and the IPO lock-up expiration on the horizon in April.

Unpleasant Aftermath to Gap’s After-Hours Surge

In this updated daily chart of GPS, above, we can see prices are near the low of the day after earlier strength above the declining 200-day moving average line. Volume is relatively heavy but not north of 20 million shares, which has happened on some other strong days.

Nvidia Is Set for a Bull Leg Up

I talked about the fundamental change in demand for the company’s chips. Since then we’ve had the Consumer Electronics Show where Nvidia CEO Jen-Hsun Huang detailed partnerships with auto manufacturers such as Audi and auto suppliers like ZF and Bosch to build self-driving cars and supply the automotive industry with technical equipment.

Daily Dividend Report: ENB, PBA, CNP, COG, COO, SKT

Enbridge declared a quarterly dividend of $0.583 per common share, payable on March 1, 2017 to shareholders of record on February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-second consecutive year in which the Company has increased its common share dividend.

Congress Certifies Trump’s Electoral College Victory

The U.S. Congress on Friday certified the Electoral College vote that gave Republican Donald Trump the victory in the 2016 presidential election. Trump won 304 electoral votes compared to 227 garnered by Democratic presidential contender Hillary Clinton, according to the tally announced by Vice President Joe Biden.

AT&T Says It Can Take Easier Route to Time Warner Purchase

Federal Communications Commission , eliminating a potentially significant hurdle to completing the $85.4 billion deal.   “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing late Thursday.

Wal-Mart Names John Furner CEO Of Sam’s Club, Replacing Rosalind Brewer

Wal-Mart Stores Inc. said it has named John Furner as chief executive of its Sam’s Club unit, replacing Rosalind Brewer, who, is retiring effective Feb. 1. Furner is currently chief merchandising officer at Sam’s Club and has worked at the company since joining it as an hourly store assistant in 1993, the company said in a filing with the Securities and Exchange Commission.

Momenta Stock Rises 4% On Corporate Update

Momenta Pharmaceuticals Inc. shares rose 3.6% in pre-market trade Friday after the company provided a corporate update, including a Thursday announcement about a research collaboration with CSL Limited , from which Momenta will receive $50 million. The company’s latest update said that its biosimilar for Humira, an anti-inflammatory that is the world’s top-selling treatment, could be up for regulatory submission in mid-2017.

Acadia Pharmaceuticals’ Alzheimer’s Data Raises Some Questions

However, the trial results do raise some important questions regarding the durability of Nuplazid’s benefit and the likelihood of a phase 3 success. Can Nuplazid deliver an important win for Acadia in this tough-to-treat disease? In this clip from The Motley Fool’s Industry Focus: Healthcare podcast, analyst Kristine Harjes is joined by contributor Todd Campbell to discuss the trial results and highlight what should be on investors’ minds as Acadia Pharmaceuticals preps for phase 3 studies.

3 Top Balance Transfer Credit Cards for 2017

If you’re starting 2017 with credit card debt, now’s a great time to decide to pay it down and stop giving away your money to credit card companies. If you’re struggling to make a dent in your balances or simply want to pay them off faster, a 0% APR balance transfer could be a smart move for you.

Yahoo deletes tweet that included racial slur

Yahoo Finance says it accidentally tweeted out a racial epithet when promoting a story about the cost of President-elect Donald Trump’s plans to increase the size of the U.S. Navy. The headline for the story on Yahoo Finance is, “Trump Wants a Much Bigger Navy: Here’s How Much It’ll Cost.”

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If you simply buy — without the use of any margin — the entire stock market via an index fund, it’s all but impossible to lose all of your money. Indeed, an index fund represents an ownership interest in a well-diversified group of U.S. businesses; the risk of total loss is vanishingly small.

Rpt: Frontier Airlines Hires Banks to Plan IPO

Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter. The Denver-based airline is aiming to raise about $500 million, valuing the company at about $2 billion, NYT said, citing sources.

Carlyle Said to Explore Sale of Vitamin Maker Nature’s Bounty

Carlyle Group LP is exploring a sale of nutritional-supplements maker Nature’s Bounty Co., whose brands include “MET-Rx” and “Pure Protein,” people with knowledge of the matter said. The private equity firm has held talks with potential advisers about selling the U.S. company, formerly known as NBTY Inc., according to the people.

Marchionne Enters Final Push to Free Fiat Chrysler From Debt

Sergio Marchionne enters the final stretch of his career at Fiat Chrysler Automobiles NV with a daunting mission: prove wrong the doubters who question how he can make the carmaker’s $5.29 billion in debt disappear by the time he steps down in two years. His strategy update will be a closely watched presentation next week at the Detroit motor show, particularly as Fiat Chrysler won’t be unveiling new models at the annual event.

Cheating Death Can Cost $200,000 as Cancer Tops Pharma Sales

Years before becoming a top cancer specialist, Eric Winer used to save money on his own medical care by talking U.S. pharmacists into giving him expired treatments for free. Winer, who has a bleeding disorder known as hemophilia, knew the drugs would still work for a brief time after the official use-by date.

Strike will not stop BA passenger trips

British Airways says all customers will be able to fly to their destinations on Tuesday 10 January and Wednesday 11 January, despite proposed industrial action by Unite union cabin crew. The dispute concerns about 4,000 staff – some 15% of BA’s cabin crew – who have joined the airline since 2010 on “mixed fleet” contracts and who do not feel they are paid enough.

Snow Storm Takes Aim at U.S. South, Southeast

A winter storm packing heavy snow, sleet and freezing rain is on track for the U.S. South and Southeast where roads may become impassable and power outages are possible starting on Friday and into the weekend, forecasters said. A large swath of the United States, from Louisiana northeast through the Appalachian Mountains and into southern Pennsylvania, is expected to get as much as 8 inches of snow with 1 inch of sleet, according to the National Weather Service.

Oil Prices Dip on Lingering Supply Cut Doubts

Oil prices dipped on Friday over lingering doubts that some producers might not implement announced production cuts in an attempt to curb global oversupply. Brent crude futures, the benchmark for international oil prices, were trading at $56.76 per barrel at 0756 GMT, down 13 cents from their close the previous day.