It was a broadly positive, but not spotless, outlook, and investors in companies like Early cycle oil markets are seeing an encouraging “start of a recovery.” It’s marginally positive for Dover Corp, but definitely positive for GE.
Month: January 2017
Broadcasters Seek $10 Billion for 84 MHZ
Broadcasters asked $10 billion for 84 MHz in the fourth stage of the TV spectrum incentive reverse auction, which concluded as scheduled on Friday, Jan. 13. The 84 MHz clearing target will yield 70 MHz of spectrum for wireless bidders in the fourth-stage forward auction, with the remaining 14 MHz dedicated to interference buffer zones, or “guard bands.” The fourth-stage forward auction is tentatively scheduled to begin Wednesday, Jan. 18. The Federal Communications Commission previously said it would confirm this date on Tuesday, Jan. 17-the day after the Martin Luther King, Jr. Day federal holiday -but that “forward auction bidders should be prepared for bidding to begin that day.”
Wheeler: Keep net neutrality rules
Outgoing Federal Communications Commission Chairman Tom Wheeler fired shots at anyone looking to repeal net neutrality measures during his farewell speech on Friday. Speaking at the Aspen Institute, Wheeler said that repealing the open internet or net neutrality policies would be a mistake.
Will Southern Company Raise Its Dividend in 2017?
The key player in the Southeastern U.S. utility market has made it a priority not just to have an impressive dividend yield but also to give shareholders regular increases to the company’s quarterly payout over time. With a streak that goes back nearly to the turn of the millennium, investors want to know whether Southern will be able to keep pushing its dividend payments higher this year.
Why Portola Pharmaceuticals Crashed 56.4% In 2016
After releasing disappointing phase 3 data early last year and receiving a FDA rejection in August, shares of Portola Pharmaceuticals Portola Pharmaceuticals’ most advanced drugs in development are the factor Xa anticoagulant betrixaban and the factor Xa reversal agent AndexXa. In March, management reported betrixaban phase 3 trial data that left investors questioning the drug’s future.
U.S. Indicts 3 Former Takata Execs in Air Bag Inflator Probe
A logo of Takata Corp is seen with its display as people are reflected in a window at a showroom for vehicles in Tokyo, November 6, 2015. REUTERS/Toru Hanai/File Photo (
The Most Important Part of Bank of America’s Earnings Report
There are plenty of reasons for investors to be happy with the bank’s performance — for example, the charge-off ratio sank to a historic low, expenses are down, and although they’re not quite where they need to be, the bank’s return on equity and return on assets are starting to look more respectable. However, there’s one piece of information from the bank’s earnings report you should pay close attention to.
Is Biogen’s Stock Ready to Heat Up After a Forgettable 2016?
The underlying reason for this dip is the biotech’s inability to shake off the political turmoil surrounding specialty-drug prices last year. And that’s not exactly surprising, given that Biogen’s flagship multiple sclerosis drug Tecfidera relied heavily on price increases to drive sales growth in the U.S. in 2016.
The Impressive Dividend History of Vanguard High Dividend Yield ETF
Dividend investors rely on the income that their investments produce, and many have turned to the Vanguard High Dividend Yield ETF as an easy way to invest in a diversified portfolio of high-yielding dividend stocks. Over the course of time, the Vanguard ETF has managed not only to deliver on its promise of paying healthy levels of dividend income, but also to increase its dividends over time.
Good News May Lie Ahead for a Big Em Etf
Emerging markets exchange traded funds are looking to notch another round solid performances this year, extending some of the bullishness established in 2016. However, there are multiple factors that will impact the performances of ETFs such as the iShares MSCI Emerging Markets ETF and other diversified emerging markets funds.
The Best Uranium Stock of 2016
It wasn’t a good year for uranium in 2016. Investors had to suffer through continued commodity price weakness even though the long-term backdrop for uranium and nuclear power remained relatively strong.
Bank Earnings Boost S&P and Nasdaq, Retailers Weigh on Dow
The S&P 500 and Nasdaq were higher in late morning trading on Friday as strong earnings from large U.S. lenders bode well for the rest of the earnings season. The Dow’s gains were comparatively lesser, held back by a drop in consumer stocks after a report showed U.S. retail sales and core retail sales increased less than expected in December.
The 3 Biggest Surprises From Silver Stocks in 2016
Downtrend no more! Silver ended a three-year slide in 2016, with physical silver increasing by roughly 15% from where it began the year. Nonetheless, ending the year at $15.90 per ounce is still a far cry from the $48.28 per ounce closing high struck in April 2011.
10 Movies Poised to Dominate the Box Office in 2017
With a slew of high-profile franchise releases on deck, Disney also have films releasing that are likely to wind up on the year’s list of 10 highest-grossing films. 10 stocks we like better than Walt Disney When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Are Higher Interest Rates Good for Bank Stocks? Its Complicated, Says Analyst Dick Bove
Whether higher rates are good or bad for a particular bank depends on a balancing act. Image source: iStock/Thinkstock.
Kim Kardashian’s Social Media Silence May Have Cost Her $3.9 Million
Reality star Kim Kardashian has been back in the social media scene for over a week now, after taking a 13-week hiatus beginning October of last year, when she was robbed at gunpoint in her Paris hotel room. A social media expert says that break could have cost her almost $4 million.
Chicagoa s Rise in Violence Hurting Citya s Small Businesses
Chicago police officer investigate a crime scene of a gunshot victim in Chicago, Illinois, United States, July 5, 2015. Extra police patrols and long shifts were not enough to prevent nine deaths and about 50 injuries from gun violence in Chicago … over the Fourth of July weekend, when homicides jump almost every year.
The definitive guide to what experts know about the effects of marijuana use
Cannabis plants grow in the greenhouse at Vireo Health’s medical marijuana cultivation facility, August 19, 2016 in Johnstown, New York. As eight states plus the District of Columbia have moved to fully legalize recreational marijuana, debates on the merits of legalization have focused on the effects of marijuana use on individuals and society: is marijuana bad for your lungs, or for your brain? Does it have therapeutic applications? Is it safer than alcohol or tobacco? Marijuana is one of the most studied substances in scientific literature, but the answers are scattered across tens of thousands of scientific papers.
Despite gloom at big chains, retail industry has a solid holiday season
In recent weeks, gloomy news has abounded about how the retail industry held up during the crucial holiday season: Macy’s saw its sales sink 2.7 percent and announced it will slash 10,000 jobs . Chains such as Kohl’s, J.C. Penney, Sears and Barnes & Noble also reported sales declines.
Pandora to cut 7 percent of workforce, sees better revenue
Business appears to be looking up for Pandora Media, but there are going to be fewer employees around to reap whatever benefits the internet radio company has to report. The company is cutting 7 percent of its workforce as it reduces operating costs and launches a slate of crucial new initiatives.
Competition heats up in race for electric vehicle
Automakers are shifting away from hybrid vehicles and pouring resources into electric vehicles in the race to develop the next generation of environmentally friendly automobiles. The shift is being pushed by stronger emissions rules in Europe, the United States and China, as well as lower manufacturing costs for electric vehicles.
Wells Fargo profit falls after fraudulent account scandal
Wells Fargo said Friday its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals. The scandal has kept new customers away, with the bank reporting that new account openings plummeted last month.
Fiat Chrysler shares up as investors play down EPA impact
Fiat Chrysler Automobiles shares rose on Friday as investors played down the potential impact of the U.S. Environmental Protection Agency accusing the company of concealing diesel emissions. Fiat’s Milan-listed rose more than 7 percent in early trade and stood 3.53 percent higher at 9.09 euros at 1101 GMT .
Bank of America tops 4Q profit forecasts
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
Bank of America Kicks Off Bank Earnings With a Profit Beat
Bank of America said its fourth-quarter profit rose 43% as its trading desk benefited from the uncertainty caused by Donald Trump’s surprise election. Quarterly profit at the Charlotte, N.C.-based bank grew to $4.7 billion, from $3.28 billion a year earlier.
All-Star Fund Manager Chris Davis Has ETF Splash of His Own
The exchange traded fund industry is filled with index-based products, but indexing is not always exciting. There are not a lot of personalities in the ETF business, but the industry just got a rockstar.
Cellphone carriers are bracing for massive data usage during the inauguration
All around the National Mall, what look like strange, giant meatballs or cheese wheels on a stick have been mysteriously cropping up. Fenced in and padlocked, these towering structures might easily be confused for spy equipment or extra security – perhaps not a bad guess for a city that’s among the world’s most heavily defended.
Career Coach: What we can learn from the NFL
Green Bay Packers head coach Mike McCarthy, right, talks to quarterback Aaron Rodgers during the second half of an NFC wild-card NFL football game against the New York Giants, Sunday, Jan. 8, 2017, in Green Bay, Wis. It’s winter and a time many have been gearing up for for months: The NFL football playoffs in the lead up to the Super Bowl.
No single factor behind sterling flash crash, BIS says
October’s flash crash in sterling was caused by several factors – including the time of day – according to a report by the international banking body, the Bank for International Settlements. In the early hours of 7 October, the pound fell by about 9% against the dollar – an abnormally large swing in two such widely traded currencies – before then largely recovering.
Renault Shares Slide as France Opens Probe Into Diesel Emissions
Paris prosecutors opened a preliminary probe into emissions by Renault SA vehicles weeks after fraud watchdogs said their research found enough material to require further investigation, sending the automaker’s shares sliding. The investigation into unidentified people was opened on Thursday and will look into suspected fraud which could have made the cars a safety hazard, a spokeswoman for the prosecutors office said by telephone.
Market Recon: Now Our Attention Turns to Earnings Season
“I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” — Milton Friedman The markets are coming off of a wild Thursday session that saw equities sell off rather harshly and then rally most of the way back.
Renault Tumbles As Paris Prosecutor Opens Inquiry Into Emissions
Shares in the French carmaker fell more than 3% after a dossier on emission testing was passed to judges to consider the merits of legal action. Renault shares tumbled Friday after reports emerged that French prosecutors have launched a judicial investigation into possible cheating on exhaust emission tests.
Fiat Chrysler Stock Rebounds but it May be in for Further Pain
Fiat Chrysler stock rebounded sharply on Friday despite accusations from the U.S. Environmental Protection Agency on Thursday. However, the worst could still be to come for the car maker, with accusations of outright emissions rigging and a criminal complaint potentially lurking around the corner.
Sell Coca-Cola, 3M, 3 More Stocks Before They Turn Toxic
The ” Trump rally ” is carrying over into 2017. We’re just a couple weeks into the New Year and the big market averages have already hit new all-time highs, kicking off the best start for stocks since 2012.
Cramer: Selling Bank of America Should Not Be an Easy Option
I’m talking about the ridiculous notion that the banks are either today’s stars or today’s goats and there is nothing in between….414 more words left in this article. To read them, just click below and try Real Money.
Are Banks Setting Us Up for a Letdown?
Friday is the day the bank earnings start to roll in. Based on the fact that everyone is bullish on the banks, I sure hope these folks beat, raise and guide much higher.
The Huge Difference Between Business And Political Strategies
Donald Trump’s entire campaign rested on his lack of political experience. He was the outsider promising to drain the swamp.
Oil Set For Weekly Fall on Crude Output Doubts
Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009. Brent crude futures, the international benchmark for oil prices, were trading 20 cents down at $55.81 a barrel at 1004 GMT on Friday.
Relive the Super Bowl’s Most Controversial Musical Moments
The Super Bowl itself, with a few exceptions, has been a relatively controversy-free affair over the years with regard to what happens between the hashes.
Animal rights activist Peta buys stake in Louis Vuitton
Animal rights pressure group Peta has bought shares in Louis Vuitton Moet Hennessey in order to pressure it to stop selling bags and other products made from exotic animal skins. The stake in the French luxury group will give Peta the right to attend shareholder meetings and question the board in front of other shareholders.