Energy firm ONEOK soared 132% in 2016, trailing only Nvidia as the year’s best-performing S&P 500 component. OKE seems like an odd S&P 500 winner at first glance … until you consider that it came back from the dead like so many oil-and-gas-related companies did.
Month: January 2017
Cramer: Nvidia Is the American Pharoah of Stocks
The S&P 500’s single-best performer of 2016 was Nvidia , a stock I call ” American Pharoah ” because it rallied an insane 222% for the year. The trajectory of this horse had been pretty consistently up until its total lift-off in November, when it turned out that every business driver was doing much better than expected.
For Alabama-Clemson Championship Rematch, Tickets Are Historically High
Prices for the 2017 College Football Playoff National Championship game are three times more than for last year’s game. The 2017 championship game between Alabama and Clemson is the most expensive yet.
Syncing feeling
It seems quaint to recall that bands used to be accused of “selling out” if a TV programme or commercial used their music. Nowadays, rock and pop artists of all kinds have become reconciled to that particular way of doing what the Clash used to call “turning rebellion into money”.
Executive pay: ‘Fat Cat Wednesday’ highlighted
Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year, the High Pay Centre think tank has said. Branding it “Fat Cat Wednesday”, it says that is the time executives will pass the average UK salary of A 28,200.
Israeli Government Said to Oppose China Purchase of Insurers
Israel’s Finance Ministry opposes the sale of insurance companies to Chinese investors because it’s hesitant to put pension money in their hands, a senior government official said, a stance that could bode ill for Fujian Yango Group Co.’ s bid to buy Israel’s Phoenix Holdings Ltd. Many Chinese investors don’t bring clear advantages to the table in managing savings because they don’t have well-established track records, the official said, speaking on condition of anonymity to discuss ministry policy.
Rates on short-term bills fall at weekly US Treasury auction
Interest rates on short-term Treasury bills fell in Tuesday’s auction, with rates on six-month bills dropping to their lowest level in four weeks. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.530 percent, down from 0.555 percent last week.
Why NVIDIA Corporation Stock Popped 15.8% in December
For perspective, NVIDIA stock also skyrocketed nearly 30% in November, with the bulk of the month’s gains coming after the company’s third-quarter results crushed the expectations of analysts on Wall Street. NVIDIA founder and CEO Jen-Hsun Huang rightly called it a “breakout quarter,” with record revenue, margins, and earnings.More specifically, quarterly revenue grew 54% year over year, to $2.00 billion, including broad growth across gaming, , data center , and automotive .
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The memory chip price wars of 2015 came to a drastic end, and Micron’s finances took a commensurate turn for the better. The memory chip industry is known for its brutal price wars, often lasting several years at a time.
What Happened in the Stock Market Today
Xerox shares jumped 15% on the company’s first trading day following a spinoff that executives hope will put it on a path to stronger growth . Xerox is now focused completely on its document technology and document outsourcing segments, with the business process services divisions operating as a separate public company called Conduent .
Welltower Inc.’s Best Moves in 2016
However, it’s important to know that Welltower’s business is just fine. In fact, the company made some smart moves in 2016 that should ensure continued long-term success for investors.
J.C. Penney Strikes Deal for Texas Headquarters
J.C. Penney Co. reached a deal to sell its Plano, Texas, headquarters and lease back part of it, reaping about $353 million for the retailer.
Could This Be Why Pacific Biosciences of California Stock Climbed Today?
The reaction to the termination of a contract with Swiss pharma giant Roche last month was severe. It looks like value-minded investors are taking advantage of the stock’s bargain bin price and perhaps salivating over the increased attractiveness of the company as an acquisition following the deal’s termination.
Better Buy: Costco Wholesale Corporation vs. Target
In a brutally competitive industry, they each stand out by generating over $2 billion of annual earnings and handling millions of transactions per year. There are major differences between these two companies that could make one a better buy over the other for long-term investors.
Financial Trends: What’s In and What’s Out in 2017
Now that 2016 is over, you may be reflecting on what went well, and what didn’t. Were you unemployed? Did you carry some debt? Land a gig? Buy a new home? With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the economy growing at better than three percent in the most recent quarter and some signs of a pickup in inflation, it makes sense that we got an interest rate hike last month, and that we’ll get a few more in 2017.
Was Russia really behind the Wikileaks email release?
Jan. 03, 2017 – 4:06 – Cyber hack expert Robert Siciliano explains why the Obama administration’s evidence against Russia as the source for releasing Wikileaks emails is very thin.
10 ways to improve your telework productivity this year
Have a New Year’s resolution to work from home more this year – maybe to spend more time with your children or save some gas money? Thanks to the flexible world of the Internet, I’ve been able to work away from The Post’s D.C. office for about a year and a half now – joining an estimated 37 percent of Americans who say they’ve telecommuted. Working from home can have its own charms and challenges.
Megyn Kelly leaving Fox News for NBC?
Megyn Kelly, a fast-rising star at Fox News, will leave the cable network for a job at NBC, according to the New York Times. Kelly will take on a “triple role” at NBC, the Times reports.
What’s Behind the Rise in Deaf-Owned Businesses?
If you’re a deaf entrepreneur, more and more services are springing up to help you succeed. What’s holding you back? This past year, 2016, Austin, Texas, was ranked No.
HP Inc.Voice: OneLife — Work. Learn. Play.
The blending of our physical and digital worlds is a defining characteristic of the 21st century. As the internet and new computing breakthroughs make tens of billions of formerly “things” we use daily smart, technology will affect nearly every aspect of our lives.
Why Sears Holdings Stock Plunged 27.9% in December
It was just the latest bad month for Sears, as the company’s turnaround efforts over the past decade have been consistently futile. Indeed, Sears Holdings stock has plunged from a peak near $200 in 2007 to single-digit territory.
Why Depomed Inc. Stock Spiked Today
The catalyst behind the opioid drugmaker’s surge northward was a story in the New York Post over the weekend stating that the private equity firm KKR& Co. The activist hedgefund Starboard Value has been attempting to get Depomed to entertain buyout offers for awhile now, only to have management balk at the idea.
Wall St Pares Some Gains as Oil Rally Loses Steam
Wall Street was higher on Tuesday as a post-election rally extended into the new year, but stocks pared some of their early gains after oil prices eased from an 18-month high. Oil prices were up 0.24 percent at $57.06 after touching a high of $58.37 as investors keep a close watch on whether major producers keep their promise of limiting output.
Oil Turns Negative on Strong Dollar After Hitting 18-month Highs
Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.S. dollar rallied to its highest since 2002. Traders said crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.
Mining Stocks: What to Watch in 2017
Up until early 2016, the big story is mining was about falling commodity prices. With many commodities starting to head higher at the start of 2016, though, investors have pushed the stock prices of companieslike Teck Resources , which mine for things like iron ore, gold, copper, and metallurgical coal, higher.
Mexico’s peso weakens after Ford says cancelling Mexican plant
Mexico’s peso slipped on Tuesday after Ford said it will cancel a planned $1.6 billion factory in Mexico’s central state of San Luis Potosi.
Heres My Favorite Stock for 2017
My favorite stock for 2017 and beyond that would be a great choice for long-term investors who want growth potential with relatively good stability is entertainment powerhouse Walt Disney Disney’s business performance was magical in fiscal year 2016, ended Oct. 1, with year-over-year revenue increasing 6%, adjusted earnings per share growing 11%, cash provided by operations jumping 21%, and free cash flow soaring 27%. Moreover, these numbers understate the company’s performance because there was one less week in the fiscal year than in the year-ago period.
Here’s Why Inotek Pharmaceuticals Corp. Is Being Obliterated
Shares are collapsing in early-morning trading on Tuesday, falling more than 68% as of 10:05 a.m EST after the company reported results from a phase 3 study that failed to meet its primary endpoint. announced top-line results of its MATrX-1 trial on Tuesday.
Forget NVIDIA Corporation: Here Are 2 Better Dividend Stocks
Just as with people, there’s no such thing as the perfect stock. As just one prominent example, investors griped that tech giant Apple didn’t pay a dividend in the early years of this decade.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Fiat Chrysler Automobiles’ Electric Minivan: A Huge Missed Opportunity
FCA’sChrysler Portal concept is a futuristic take on a vehicle for families, but it’s just for show. FCA has no plans to build it.
Fiat Chrysler Automobiles’ Electric Minivan: A Huge Missed Opportunity
FCA’sChrysler Portal concept is a futuristic take on a vehicle for families, but it’s just for show. FCA has no plans to build it.
Dollar back on trend, hits two-week high vs. yen
The U.S. dollar racked up its biggest rise in more than two weeks in 2017’s first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December’s long-term highs. One of January’s big question-marks, China’s yuan, was proving more stable in its more freely traded offshore markets, a bullish survey of manufacturing purchasing managers helping it 0.1 percent higher and also supporting the Australian dollar.
Dollar back on trend, hits two-week high vs. yen
The U.S. dollar racked up its biggest rise in more than two weeks in 2017’s first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December’s long-term highs. One of January’s big question-marks, China’s yuan, was proving more stable in its more freely traded offshore markets, a bullish survey of manufacturing purchasing managers helping it 0.1 percent higher and also supporting the Australian dollar.
The reasons we don’t study gun violence the same way we study infections
Three decades ago, a pair of researchers wrote in one of the country’s leading medical journals about a common cause of death and injury in the United States that received very little federal funding. “A thorough review of research awards for 1983 failed to identify a single research project on the topic of firearm injuries,” the authors wrote after scouring a database of the research funded by the National Institutes of Health.
The reasons we don’t study gun violence the same way we study infections
Three decades ago, a pair of researchers wrote in one of the country’s leading medical journals about a common cause of death and injury in the United States that received very little federal funding. “A thorough review of research awards for 1983 failed to identify a single research project on the topic of firearm injuries,” the authors wrote after scouring a database of the research funded by the National Institutes of Health.
Did the Trump Rally Move Value Stocks and Small Caps Too Far Too Fast?
Recent market movements offer possible evidence of a major, long-term trend change favoring value stocks. Prior to 2016, for a number of years growth stocks outperformed value stocks.
Better Buy: Altria Group Inc vs. Verizon Communications Inc.
Let’s not beat around the bush: on the surface, this seems like a very odd pairing. Usually, in these “Better Buy” articles, we pit two companies against each other that are in the same field.
Why InvenSense, Inc. Stock Skyrocketed 67.4% in December
First, InvenSense stock rose almost 30% in a single day on Dec. 9, 2016, as Reuters reported that TDK had offered $12 per share to purchase the smaller company. That offer would have reflected a 45% premium to InvenSense’s opening price that day, but still only 3% above its 52-week high set around the same time a year earlier.