It was inevitable that Donald Trump would eventually provide a convenient excuse for a market selloff. The firestorm over travel restrictions from seven countries would have political ramifications no matter what, but it impacted the market mainly because of the poor manner in which it was handled.
Day: January 30, 2017
Can American Airlines Stop Losing Altitude?
There is also a small downside gap left from today’s price action. Prices made their low early in the day and are quietly creeping higher.
Why Rite Aid Corporation Stock Plunged Today
Walgreens Boots Alliance will also be required to divest up to 1,200 Rite Aid stores, as well as other certain additional related assets if required to obtain regulatory approval for the transaction. The final acquisition price will depend on the number of required store divestitures — $7.00 per share if 1,000 or fewer are required, $6.50 per share if 1,200 are required, and a pro-rata adjustment if the number falls between 1,000 and 1,200.
TD Ameritrade Surveys Show Advisorsa Love for ETFs
A large number of registered investment advisors, or RIAs, have adopted exchange traded funds in their clients’ portfolios, citing numerous benefits that the investment vehicle have over traditional open-end mutual funds.
Shares of Shipping Stocks Move Big Today on Industry Consolidation, Analyst Downgrades
Shares of Frontline are up less than a percent on the news. Also, shares of container-ship vessel owner Costamare are down 9.8% after last week’s earnings resulted in an analyst downgrade.
Shares of Shipping Stocks Move Big Today on Industry Consolidation, Analyst Downgrades
Shares of Frontline are up less than a percent on the news. Also, shares of container-ship vessel owner Costamare are down 9.8% after last week’s earnings resulted in an analyst downgrade.
Portfolio Diversification in an Age of Heightened Uncertainty
Investors are smart: They believe markets don’t throw-up vagaries, but rather brutal concreteness. And they expect their investments to fall-in line.
Portfolio Diversification in an Age of Heightened Uncertainty
Investors are smart: They believe markets don’t throw-up vagaries, but rather brutal concreteness. And they expect their investments to fall-in line.
Oil Futures Extend Losses To a Second Straight Session
Oil futures fell on Monday for a second straight session. Traders continued to show concern that growth in U.S. crude production could potentially offset efforts by other major producers to rebalance global supply and demand.
Intel Corporation’s Capital Returns Strategy
Put simply, Intel has guided for significantly higher capital expenditures for the year, something that’s likely going to reduce the free cash flow that the chipmaker will generate during the year. During the company’s most recent earnings call, new Intel CFO Robert Swan described the chipmaker’s capital returns strategy in a reasonable amount of detail.
How Women Took Center Stage in the Rise of Sportswear
And as women play a greater role in this movement, major industry players have tweaked their marketing to appeal directly to this segment. 10 stocks we like better than Nike When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
General Electric Company Disappoints Again — What It Means to Investors
As you can see in the chart below, it’s not enough of a formula to convince investors, and the stock price has notably underperformed the S&P 500 and its peers. What’s going on, and is it reason to panic? It’s useful to look at a timeline showing how organic revenue growth guidance changed throughout the year.
8 Must-See Facts Highlight Alphabet Inc.’s 2016
CFO during the company’s fourth-quarter earnings call. And it would be tough to argue with him.
‘Can you hear me’ – scam or not?
Late this month, January 2017, news outlets across the United States have reported on a “can you hear me?” telephone scam. According to reports, the scam begins with an unsolicited phone call to potential victims.
Trump Signs Executive Order to Slash Regulations
President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. “This will be the biggest such act that our country has ever seen.
Will ConocoPhillips Raise Its Dividend in 2017?
Early last year, ConocoPhillips slashed its dividend, doing an about-face after having reassured investors that it remained committed to sustaining its payout. Now that crude oil has rebounded, some hope that ConocoPhillips will be able to return to its upward trajectory with its quarterly dividends.
This Could Be January’s Best Stock
Depending on how you measure it, the stock market has generated returns in the neighborhood of 8% to 10% per annum over the long term. So when a stock returns a whopping 25% in a mere few weeks, something truly noteworthy is going on.
Should You Buy Line Corp. (ADR) Below Its IPO Price?
Its revenue rose 15% annually to 37.5 billion yen , but that missed the consensus estimate of 38.7 billion yen. Line’s operating profit more than doubled to 1.6 billion yen On the bright side, Line posted a full-year net profit of 7.56 billion yen for fiscal 2016, which was a major improvement over its loss of 7.58 billion yen in 2015.
Pending Home Sales Rise More Than Expected
Contracts to buy previously owned U.S. homes rebounded in December following a drop a month earlier, the National Association of Realtors said on Monday. The NAR said it pending home sales index, based on contracts signed last month, rose 1.6 percent to 109.0. Analysts polled by Reuters had forecast a 1.0 percent increase in December.
Can Royal Caribbean Stock Keep Going After Last Week’s 11% Pop?
The stock would go on to hit a new 52-week high on Thursday. Royal Caribbean’s growth may not seem so great at first glance.
Better Buy: Inovio Pharmaceuticals vs. Incyte Corp.
Over the same period, shares of Incyte Corp. have risen a healthy 49.6% on the back of several intriguing developments. Both companies have catalysts to look forward to.
Altria: 5 Fascinating Facts You Ought to Know
In overcoming legal threats, regulatory hurdles, and a general trend away from smoking, Altria has nevertheless managed to keep its key figures on its income statement moving higher. The five facts discussed below are particularly interesting for those who haven’t followed the tobacco company closely.
4 Types of Tax Deductions You Probably Don’t Know About
To itemize or not to itemize? That’s one of the most important decisions you’ll make when preparing your tax return. Of course, you can’t make a good decision without understanding itemized deductions and knowing which ones are available for you to claim.
‘Tennis Fan’ Andy Roddick ‘Can’t Wrap Head Around’ Hall of Fame Spot
Tennis Champion Andy Roddick on his induction into the International Tennis Hall of Fame and his investment in a new app. Former world No.
CEOs Push Back on Trump’s Immigration Ban
Jan. 30, 2017 – 5:56 – Strategas Partner Dan Clifton on business leaders’ reaction to President Trump’s immigration ban and the confirmation hearings for Trump’s cabinet.
Trump ponders new rules for H1-B visa that brings in tech workers
Employees of Tata Consultancy Services work inside the company headquarters in Mumbai. Outsourcing companies like Tata get the bulk of the H1-B visas in the U.S., a work visa program that may soon be changed by the Trump administration.
U.S. pending home sales increased in December
More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership.
XLE, SVXY: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Energy Select Sector SPDR Fund , where 1,750,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is down about 0.6%, and Chevron is lower by about 1.5%.
IEFA, EFU: Big ETF Inflows
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core MSCI EAFE ETF , which added 14,000,000 units, or a 4.5% increase week over week. Among the largest underlying components of IEFA, in morning trading today Teva Pharmaceutical Industries is down about 0.2%, and NXP Semiconductors is lower by about 0.2%.
People on the move: 01/31
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Campaigners lose Heathrow third runway High Court challenge
But lawyers for the Transport Secretary argued the judicial review should not be heard until after the consultation on the government’s National Policy Statement on aviation – due later this year – had occurred.
Volkswagen surpasses Toyota in 2016 sales
Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million. Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.
Five Things You Need to Know to Start Your Day
Trump’s executive order confuses, inflation is on the rise in Germany, and it’s a huge week for data. Here are some of the things people in markets are talking about today. President Donald Trump’s executive order setting new barriers for U.S. entry to people from seven mostly Islamic countries led to confusion and condemnation over the weekend. Homeland Security Secretary John Kelly has clarified that green card holders from those countries would not be stopped from returning to the U.S. Despite widespread protests against the moves, market reaction has been muted, with the dollar little changed by 5:15 a.m. ET. Inflation in three German states came in above 2 percent this morning.
How a Russian Banker’s $25 Million Bonus Landed Him in Jail
After a London judge told George Urumov he’ll spend the next 12 years in jail for cheating his employer out of almost $150 million, the former trader turned his head to the gallery to try to catch his wife’s eye. Until two days earlier when Urumov was found guilty of fraud and money laundering and Yulia Balk was acquitted, their lives were intertwined in more ways than most couples bargain for. Parents of a six-year-old child, they both faced charges related to an intricate scheme orchestrated by Urumov and a couple of colleagues to siphon millions of dollars from Otkritie Financial Corp. through fraudulent Argentine bond trades and bonus manipulation.
Old Cancer Drug Gets 1,000%-Plus Price Hike in Frugal U.K.
The chemotherapy known as busulfan is more than six decades old, and part of doctors’ standard arsenal against leukemia. It’s not scarce, and by all accounts, it should be dirt cheap.
Sony to Take $1 Billion Writedown on Movie Business
Sony Corp. said it will take a 112 billion yen writedown in its movie business after reviewing the future profitability of its operations. The company said it would book the charge in the fiscal third quarter and is examining how that will affect its forecasts.
Vodafone in Talks to Merge India Unit With Idea Cellular
Vodafone Group Plc is in discussions to merge its Indian unit with Idea Cellular Ltd. in a deal that would create the country’s largest cellular carrier and ease a worsening headache for Chief Executive Officer Vittorio Colao. The talks with Idea controlling holder Aditya Birla Group could lead to Vodafone splitting off its Indian business into a separate entity, Vodafone said Monday in a statement.
Why You Should Bet on Alibaba, IBM, and 3 More Stocks to Outperform in February
As we approach the final stretch of January, U.S. markets are looking strong–so far, the big S&P 500 is up 2.5%, enough to make the past four weeks the second-best inaugural month for the markets in a decade. The only other year-to-date rally that kicked off harder was 2013, a year that ended up with a 29.6% finish for the S&P.
Insider Sell/Buy Ratio Soars Well Into Bearish Territory
I wish I could tell you that there was a change in the indicators on Friday, but it was simply more of the same chop. Friday marked the first back-to-back red days for the S&P in 2017, and yet the decline was barely enough to see.
Three-bedroom, three-bathroom townhouse in Alexandria lists for $369,950
The three-bedroom, three-bathroom townhouse at 6584 Yadkin Court in Alexandria, Va., is priced at $369,950. If you’re looking for a home in the District where the median price is $550,000 and your budget is under $400,000, you’re likely to need to move a little farther from downtown or into a smaller or older place.