After the president slammed Lockheed Martin on Dec. 23 for the “tremendous cost” of its fighter jets, the company’s stock price Less than two weeks later, Trump blasted General Motors for assembling cars in Mexico, and the automaker’s share value dropped 24 cents . Then he took aim at Toyota for building a new Mexican plant, delivering an apparent 64 cent blow .
Month: February 2017
Apple TV Could Still Be a Major Opportunity, if Apple Can Execute
The tech giant’s hiring of a new exec from Amazon comes as pay-TV streaming apps and a burgeoning smart home market spell new opportunities. The TV has long been Apple’s white whale, a giant digital content and communications platform that has captured its imagination for at least a decade, but one which it has only established a modest presence for through a line of streaming set-top boxes.
This Financial Signal Indicates that China’s Troubles Are Growing
Many investors haven’t heard that China’s central bank said Tuesday that its foreign-exchange reserves fell by $12.3 billion to $2.998 trillion last month. That puts China’s reserves below the psychologically significant threshold of $3 trillion.
Cheniere Is Ready for Another Leg Up
Cheniere Energy has one of these chart patterns that tells us this stock is ready to pop higher. We liked the strong move up just a couple weeks back, and now we see some consolidation that forms a bullish pennant pattern.
Sinking Treasury Yield Lifts Gold
Gold continues to trade well with fresh ETF inflows as the dollar and equities chop back and forth. The most interesting thing about the gold market is that it is making three-month highs despite still having a very small net length position.
Allstate’s Rally Is in Good Hands
In this one-year daily bar chart of ALL, above, we can see a large seven-month sideways consolidation pattern that ended in November when ALL turned higher again. ALL is above the rising 50-day moving average line and above the rising 200-day average line.
Dr. Alveda King: Sen. Warren Used the King Name to Stir Up Emotions
Dr. Alveda King, niece of Dr. Martin Luther King Jr., reacts to Sen. Elizabeth Warren (D-MA) quoting Dr. Martin Luther King Jr.'s wife in the Senate. The Senate voted along party lines in favor of a rule that essentially silenced Senator Elizabeth Warren on Tuesday night after she quoted from a letter written by Dr. Martin Luther King Jr.’s widow, Coretta Scott King, during her criticism of Sen. Jeff Sessions, Trump’s pick for Attorney General.
Zillow Group Stock Falls Despite Another Quarterly Beat
But shares of the online real estate platform specialist are falling in Wednesday trading. Let’s take a closer look, then, to see if we can figure out what has the market so riled up today, and what Zillow Group investors can expect going forward.
Why Gilead Sciences Stock Slumped Today
The biotech’s double-digit plunge was mainly sparked by its worse-than-expected 2017 guidance that was released late Tuesday. The key piece of information that’s driving Gilead’s shares lower on Wednesday is the biotech’s particularly anemic 2017 sales forecast for its hepatitis C franchise.
Why Akamai Technologies, Inc. Fell Today
The provider of content delivery services and data protection tools reported fourth-quarter results on Tuesday night. Revenues increased 6% year over year to land at $616 million.
article
The coach of the New England Patriots, Bill Belichick, has created a dynasty in an era when doing so shouldn’t be possible. The National Football League has gone out of its way to prevent this from happening.
TCF Financial chairman dies at age 73
This Friday, May 1, 2009 photo shows Bill Cooper, CEO of TCF Financial Corp., at his company’s corporate headquarters in Wayzata, Minn. Cooper, credited with reviving and building the once failing savings and loan into Minnesota’s third-largest … This Friday, May 1, 2009 photo shows Bill Cooper, CEO of TCF Financial Corp., at his company’s corporate headquarters in Wayzata, Minn., overlooking Wayzata Bay.
Spicer Says Trump Had ‘every Right’ To Tweet At Nordstrom
White House press secretary Sean Spicer said Wednesday that President Donald Trump had every right to tweet at retailer Nordstrom . The company has dropped his daughter Ivanka’s clothing line.
Should You Buy Twitter Shares Because Of… Trump?
In the grand scheme of investment theses, this is probably among the more bizarre that I’ve seen. There’s been an awful lot of negativity surrounding Twitter BTIG Research analyst Rich Greenfield has just upgraded Twitter from neutral to buy and assigned a one-year price target of $25.
The Outlook for Coal Looks Brighter in 2017
Coal production is coming off its worst year since 1978, and for the first time, last year natural gas overtook coal as the dominant fuel for electricity generation in the U.S. Production of coal fell 18% in 2016, versus 2015. But miners should benefit from higher demand in 2017 and 2018, as coal-fired electricity bounces back amid higher costs for natural gas.
Oil Prices End Higher For First Time In Three Sessions
Oil prices settled with a gain Wednesday for the first time in three sessions, with a sharp climb in gasoline prices leading energy futures higher. Data from the Energy Information Administration revealed a 13.8 million-barrel weekly jump in U.S. crude supplies-the second-largest on record-but also showed an unexpected decline in gasoline inventories.
Netflix Series ‘The OA’ To Get a Second Season; Report
Netflix Inc.’s supernatural drama and newest internet watercooler sensation “The OA” is getting a second season. Variety reported on Wednesday the streaming giant has greenlit Season 2 of the series, eight weeks after its first installment.
Overborrowing Could Add $119 to a Typical Monthly Student Loan…
Overborrowing is a common regret among student loan recipients. Nearly half of undergrad student loan borrowers – 48% – say they could have borrowed less and still paid for college, according to a recent survey conducted by Harris Poll on behalf of NerdWallet.
Humana surprises in 4Q; will talk next steps with Aetna
Humana topped most expectations for the fourth quarter and said that next week it will detail both its outlook for the year and the next step in its proposed acquisition by Aetna. A federal judge rejected Aetna’s bid last month due in part to the potential impact on competition.
Microsoft Adds Patent Suit Protections For Cloud Customers
Microsoft Corp. will help cloud customers fend off patent lawsuits and expand coverage of related litigation costs, seeking to distinguish its services from rivals in the fast-growing market for internet-based computing. As more companies host their applications and services on Microsoft’s Azure and other cloud providers, they are increasingly becoming the target of lawsuits from companies seeking to make money by claiming patent infringement.
Facebook Adds Tools for Finding Help to Safety Check Feature
Facebook Inc.’s users often connect on the social network to seek relief and provide support during times of crisis. Now, the company is updating its Safety Check feature to make it easier for people to find or give help such as food, shelter or transportation during local disasters.
New York Times Offers Free Spotify Service to Boost Subscribers
New York Times Co., looking for ways to persuade readers to pay for news, is working with Spotify Ltd. to give new digital subscribers to the newspaper free access to the world’s largest music-streaming service. Readers who buy one-year online subscriptions to the Times will also get unlimited access to Spotify’s premium service, which costs $120 annually, the companies said Wednesday.
New FCC Chairman Rolls Back Net Neutrality Rules
President Donald Trump’s pick to lead the Federal Communications Commission is a holdover from the Obama administration, but he has plans to unravel policies set forth by his former boss. Ajit Pai, previously a commissioner for the FCC, is honing in on net neutrality.
White House Correspondents’ Dinner in Trouble as Trump Scares Off Hollywood Stars and Media
“I see it as a huge opportunity for a comedian to do something interesting,” says Larry Wilmore, who headlined 2016’s dinner, as the host gig goes unfilled and MSNBC mulls canceling its party amid the president’s press war. Flame-retardant formalwear might be in order for the first White House Correspondents’ Association Dinner with Donald Trump.
SAG-AFTRA to Offer Residuals Payments Via Direct Deposit for the First Time
The union reached an agreement with software company Exactuals to deliver the new service via City National Bank starting this year. SAG-AFTRA announced Wednesday that it has struck a multiyear agreement with Los Angeles-based payments software company Exactuals to deliver residuals payments to its members through direct deposit.
Legendary’s ‘Kong: Skull Island’, Fox’s ‘Logan’ Secure China Release Dates
‘Logan’ will open opposite Disney’s ‘Beauty and the Beast’ on March 17, while ‘Skull Island’ will have the March 24 frame to itself. Legendary Entertainment’s Kong: Skull Island and 20th Century Fox’s Logan have locked in March release dates in China, the world’s no.
Remembering Hans Rosling, the visualization pioneer who made data dance
Professor Hans Rosling, the statistician and epidemiologist who brought dramatic flair to animated visualizations of dry public health data, has died in Finland of pancreatic cancer, according to the foundation he started with his children. For much of the public not steeped in the arcana of epidemiological data sets or data visualization techniques , Rosling burst onto the scene in 2010 as part of the BBC special “The Joy of Stats .”
7 Stocks Trending Up With Unusual Volume
Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves, they track big changes in volume activity . Often when above-average volume moves into an equity, it precedes a large spike in volatility.
Avery Dennison: Avoid a Potential Sticky Situation
Shares of label-maker Avery Dennison are up around 30% in the last year and nearly 13% this year. But after such a huge move, investors are left with a decision: take profits or stick with the stock? Avery Dennison is the global leader in pressure-sensitive labels.
Pin Bar Signal in Sterling/Dollar Pair May Lead to Higher Prices
There is strong potential to move up and re-test the highs near 1.27 to 1.277 in the coming days. Over the past several months, the sterling/dollar pair has been swinging up and down within the confines of a trading range between 1.2100 and 1.2770.
Military Wife Had No Idea Her Husband Planned a Surprise Reunion at the NYSE
Newlywed Army Staff Sergeant Chris Page was deployed for the last year. He worked with the New York Stock Exchange to stage a big surprise for his wife.
3 ETFs to Consider if You Like Nvidia’s Fourth-Quarter Earnings
Artificial intelligence, gaming and autonomous driving are likely to continue support Nvidia’s strong fundamentals. These three ETFs may benefit if investors like what they hear.
Thor Industries Hammers Out Strong Uptrend
In this one-year daily bar chart of THO, below, we can see a very durable rally from early 2016. Prices have rallied modestly and then corrected/consolidated for several months — like from April to June and from September into November.
Panera Sees Big Opportunity in Lazy Millennials
The company said on Tuesday that it is accelerating the rollout of its new delivery service. Executives believe it can take market share in an estimated $40 billion delivery category.
Report: Driver in double fatal Tesla crash was intoxicated
Police say the driver of a speeding Tesla electric car that crashed and burned in Indianapolis, killing her and a passenger, was too drunk to drive. Indianapolis police released an updated report Wednesday on the November crash.
Oil Prices Fall on Bloated U.S. Fuel Inventories, Stalling China Demand
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U.S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output. International Brent crude futures were trading at $54.81 per barrel at 1257 GMT, down 24 cents from their previous close.
The New Era of Investment Advice: Finding a Clear Path Forward
RIAs are being buffeted by significant headwinds, including: Competition from newer entrants like robo-advisors Cost pressures and fee compression Time and resource scarcity – more to do in the same 24 hour day, product proliferation and complexity, and increasing regulatory demands These cross currents and challenges seem to make it harder than ever to helpa Click to read more at ETFtrends.com.
Vinci Tops France Market After Construction Group Signals Upbeat 2017 Prospects
Vinci topped the CAC 40 in Paris Wednesday after Europe’s largest construction firm reported double digit earnings growth and sounded an upbeat tone on the outlook for the year ahead. Vinci topped the CAC 40 in Paris Wednesday after Europe’s largest construction firm reported double digit earnings growth and sounded an upbeat tone on the outlook for the year ahead.
Moller-Maersk shares slide as Q4 profits sink further
Danish shipping and oil group A.P. Moller-Maersk says its losses deepened to $2.7 billion in the fourth quarter from $2.5 billion a year earlier, adding the whole of 2016 had been “a difficult year financially with headwinds in all of our markets.” For the full year, Maersk reported a loss of $1.9 billion, down from a profit of $925 million in 2015.
LinkedIn Just Rolled Out A Redesign-Here’s How To Clean Up Your Profile
With its largest desktop redesign ever , LinkedIn is fighting the good fight against distraction. The 2017 updates make for less clutter across the platform and a more focused experience on every front, especially your personal profile.