Shares of RH were down 4.10% to $25.24 in pre-market trading on Tuesday after Buckingham Research cut its rating on the stock, saying the choppy recovery ahead raises liquidity concerns. The firm downgraded shares to “underperform” from “neutral” and reduced its price target to $22 from $34, implying 16% downside from current levels.
Month: February 2017
Earnings Preview: GlaxoSmithKline Likely to See Currency Boost; Advair Sales in Focus
GlaxoSmithKline reports fourth-quarter earnings Wednesday, with investors looking for guidance on the fate of its key Advair drug and the recent pace of organic growth for new products sales. GlaxoSmithKline Plc reports fourth-quarter earnings Wednesday, with investors looking for guidance on the fate of its key Advair drug in the U.S. and the recent pace of organic growth for new products sales.
Trump’s Executive Order Could Cost Retirement Portfolios Big Time
Last Friday, the president sent out a mandate that could hurt long-term investors. Here is what happened and how to protect savings.
What Financial Advisors Need to Know On Trump Moves to Dismantle Dodd-Frank, Fiduciary Rule
The Trump administration is taking a harsh stance on both Dodd-Frank and the Department of Labor’s fiduciary rule. And financial advisors better be straight with clients about it.
Gold Prices Are Set to Test the $1,300 Level in the Coming Weeks
Look for a break out over the next few days above $1,220 key resistance, as the precious metal pushes higher. Over the past two weeks, gold has found a bottom down near $1,180, and prices have been trying to break above the $1,220 key resistance level.
Matson Buyers Will Have to Be Patient
Buyers of MATX will have to be patient and wait for a more developed base pattern before booking passage. In this one-year daily chart of MATX, above, we can see that the prices of MATX have actually lost some ground in the past 12 months.
How to Play a Challenging and Rising DryShips
Regular readers of Real Money and Kamich’s Korner have probably gotten used to my use of daily bar charts, point-and-figure charts and an occasional candlestick chart. I usually start with a one-year chart and then move out to a weekly one.
Here Are 3 Reasons Why Gap Should Fire Its CEO
To be sure, these headline-grabbing announcements will spur speculation on what under-performing retail CEO will get the ax next . For those looking to place some wagers, a strong case could be made that Gap’s Unlike the case at Tiffany & Co., however, if Gap parts ways with its CEO, it may not be short-term bullish for the stock.
Investor Starboard takes several seats on Perrigo board
Activist investor Starboard Value has grabbed several seats on the board of Perrigo, months after saying it would push the drugmaker to its improve operations. Perrigo Co.
Why Teck Resources Ltd Stock Jumped 21% in January
That, of course, comes on top of the metallurgical coal, copper, and zinc miner’s nearly 420% advance in 2016. Last year’s performance was driven by a mixture of things, including a broad commodity price rebound, improvements on the company’s balance sheet, and continued progress at its Fort Hills oil venture.
Why Copa Holdings Investors Should Be Feeling Good About 2017
During this time, many of the company’s most important markets — in particular, Venezuela, Colombia and Brazil — have suffered from weak economies and currency devaluations that caused demand for Copa’s fares to drop precipitously. However, the company’s third quarter earnings report left many investors feeling much better about the airline’s prospects heading into 2017, with CEO Pedro Heilbron remarking: Duringthis third quarter, we saw a clear improvement versus 2015 and the first half of 2016, and believe that the worst is behind us.
Why You Can’t Rely on Social Security Disability Insurance
Most people would agree on the importance of life insurance, but few of us have even considered buying disability insurance — though you’re more likely to be disabled than to die before your retirement age. It’s true that Social Security offers some disability coverage, but that coverage is pretty limited.
Which Commercial Won the Super Bowl?
With an estimated average cost of $5 million dollars for a 30-second commercial, this was a big gamble for Netflix. Advertisers tend to bring their A game, but not everyone gets their money’s worth.
What Textron’s Arctic Cat Acquisition Means for Their Shareholders
Textron’s offer values Arctic Cat at $247 million plus the assumption of all the company’s debt. Those with a stake in the winter-toy maker will receive a tender offer of $18.50 per share.
Warning Signs Mount on Sears’s Path
The struggling retailer bought some breathing room through moves to raise more than $1.5 billion in recent weeks, but investors are growing increasingly doubtful that Sears will ever get back on track. The cost of insuring the retailer’s bonds hit new highs and its stock price continues to tumble falling 5% Monday to close at $6.52, an all-time low, signaling fresh concerns about the retailer’s future Sparking the latest bout of investor anxiety were downgrades of Sears’s debt last month by Fitch Ratings and Moody’s Investors Service that were prompted by the retailer’s dismal holiday sales and continued losses.
Trump banking review raises fears for global standards talks
President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said. Central banks and watchdogs around the world have spent the past eight years drawing up regulation aimed at preventing a repeat of the 2007-2009 financial crisis, but there are fears that project could unravel after Trump said he wants the U.S. to row back on capital rules.
Oil Prices Slip as Reviving Shale Balances OPEC Cuts
Oil prices slipped on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. Benchmark Brent crude was down 30 cents at $55.42 a barrel by 1330 GMT.
SK Hynix Makes Bid to Buy Part of Toshiba’s Memory Chip Arm
South Korea’s SK Hynix Inc. has offered to buy a stake in Toshiba Corp.’s microchip business, as it seeks to expand its share of the global mobile and smart devices market. Hynix, an Apple Inc. supplier and the world’s second-largest computer memory chipmaker, said in a Tuesday filing it submitted a non-binding bid on Feb. 3., without giving specifics.
Teva Loses CEO, Leaving Investors to Guess What’s Next
Teva Pharmaceutical Industries Ltd. announced the departure of its chief executive officer after just three years and said it would undertake a thorough review of its business, leaving the world’s largest generic-drug maker without a permanent leader following lowered profit forecasts that sent the share price plunging. CEO Erez Vigodman has stepped down, and Chairman Yitzhak Peterburg will hold the job on an interim basis while a search is conducted for a successor, the Petach Tikva, Israel-based company said in a statement late Monday.
Denmark’s Biggest Mortgage Lender Reports 56% Jump in Profit
Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner in the fourth quarter from 1.2 billion kroner a year earlier, according to a statement on Tuesday.
Qatar Petroleum Hunts for Gas Abroad as Local Growth Limited
Qatar Petroleum is exploring for oil and gas in Cyprus and Morocco as part of a strategy to expand the tiny Gulf emirate’s global energy investments. The world’s biggest producer of liquefied natural gas known as QP must cope with local limits on growth as it seeks to expand its LNG business and increase its production and reserves of crude oil and gas, Saad Sherida Al Kaabi, the company’s chief executive officer, said Monday in Doha.
Gold slipped on Tuesday on a stronger dollar and as investors booked profits after the yellow metal hit a near three-month high in the previous session, amid safe-haven demand on the back of rising global political uncertainty. The dollar index , which measures the greenback against a basket of currencies, was up 0.7 percent at 100.610.
European Stocks Edge Higher, Currencies Slide on Political Uncertainty
European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment. European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment.
Apple Supplier AMS Jumps on Robust Growth Outlook
AMS AG shares advanced after the Austrian chipmaker said it expects revenue and profitability to expand at a fast pace over the next few years. Shares in the Premstatten, Austria-based company advanced 14% to Sfr38.75 at 8:30 GMT.
China Foreign Exchange Reserves Fall Below $3 Trillion Amid Capital Troubling Outflows
China’s foreign currency reserves fell below $3 trillion for the first time in more than five years as capital outflows accelerated owing to the reduced value of the yuan. China’s foreign currency reserves fell below $3 trillion for the first time in more than five years, officials said Tuesday, as capital outflows accelerated owing to the reduced value of the yuan.
U.K. Retail Sales Slip in January as Shoppers Focus on Essentials
British retail sales fall in January, figures released by the British Retail Consortium Tuesday show, as consumers prepare for higher prices and focused on buying essentials. U.K. retail sales fell in January, figures released by the British Retail Consortium Tuesday show, as consumers prepare for higher prices and focused on buying essentials.
Trump advisers’ tax credit plan for infrastructure has risks
A plan to revitalize America’s aging infrastructure put forward by two Trump administration economic advisers relies on a transportation financing scheme that hasn’t been tried before and comes with significant risks. The plan was set out just before the election in a paper by Trump’s pick for commerce secretary, billionaire Wilbur Ross, and economics professor Peter Navarro.
Oil Prices Stable, But Kept in Range by Mixed Price Signals
Oil was stable on Tuesday after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year. Brent crude futures, the international benchmark for oil prices, were trading at $55.77 per barrel at 0753 GMT, up 5 cents from the last close.
European Stocks Rise as Earnings Top Weakness in Oil, French Banks
European shares rose on Tuesday pushing the benchmark STOXX 600 back slightly into positive territory for the year with some encouraging company updates and gains in healthcare stocks helping to counter weakness in oil majors and eurozone banks. Chipmaker AMS rose 13.6 percent, poised for its best-ever day following results while food-processing machinery maker GEA was up 5.5 percent after a setting a brighter outlook for its profits.
BP Expects Producers’ Cuts to Keep Oil Prices Above $50 a Barrel
BP missed quarterly profit forecasts as annual earnings fell for a second year after average yearly oil prices hit their lowest in 12 years but said it expected producers’ output cuts to keep prices above $50 a barrel this year. BP’s annual profits slumped to their lowest level in at least a decade to $2.59 billion, while fourth-quarter profit missed analysts’ forecasts hit by $328 million in one-off charges.
BNP Says de Caraman, Olive to Lead Asia-Pacific Investment Bank
BNP Paribas SA has appointed Philippe de Caraman and Thierry Olive as co-heads of investment banking for the Asia-Pacific region to succeed Christian de Charnace, who is retiring from the bank in June. The appointments are effective from March 6, the Paris-based bank said in a statement Tuesday.
Honda, Hitachi Car Unit to Ally as Vehicle Tech Push Accelerates
Honda Motor Co. and Hitachi Automotive Systems Ltd. plan to announce a business partnership Tuesday afternoon in Tokyo, amid a wave of alliances between carmakers and companies developing environmentally friendly and autonomous driving technologies.
BNP Paribas Posts Net That Misses Estimates, Plans Cost Cuts
BNP Paribas SA posted fourth-quarter profit that missed estimates as earnings fell at the French consumer-banking business. The lender also laid out a multi-year plan to lower costs and boost investment in technology.
China Kindle Store Rival Said to Seek Banks for $500 Million IPO
China Reading Ltd., the online literature unit of internet giant Tencent Holdings Ltd., has asked investment banks to pitch for a role arranging a Hong Kong initial public offering that could raise about $500 million, people with knowledge of the matter said. The company aims to sell shares as early as this year, said the people, who asked not to be identified because the information is private.
FCC Stops 9 Companies From Providing Poor Federally Subsidized Internet
United Press International is reporting that the Federal Communications Commission on Friday removed nine recently added companies from a federally subsidized program dubbed Lifeline, which was established to provide Internet service to the poor. In doing so, FCC Chairman Ajit Pai reversed a decision by Tom Wheeler, his Democratic predecessor who resigned after Donald Trump was elected president.
Euro Slides as German Industrial Data Disappoints, ECB Cautions on Le Pen
The euro fell to a one-week low after weaker-than-expected economic data from Germany and ongoing concerns over the direction of elections in France. The euro fell to a one-week low after weaker-than-expected economic data from Germany and ongoing concerns over the direction of elections in France.
BP profits show signs of recovery
Oil giant BP saw profits double in the last three months of 2016 on the back of slightly higher oil prices and more cost-cutting. He said in a statement that the costs and liabilities from the Deepwater Horizon oil platform disaster were “now substantially behind us”.
How Apple, Inc.’s Share Repurchases Are Driving Record Results
This is one of most accretive capital return programs out there, simply by virtue of its size. Most of the time, companies opt to merely offset the dilution associated with stock-based compensation to employees.
Google Said to Fund Legal Brief Against Trump Immigration Order
Google parent Alphabet Inc. is footing the bill for the legal brief signed by more than 120 companies that oppose President Donald Trump’s executive order on immigration, according to people familiar with the arrangement. While Alphabet is paying Washington, D.C.-based law firm Mayer Brown LLP to handle the friend-of-the-court brief, other companies have offered to fund a share of the fee, the people said.
Brazil Airline Azul Files for U.S. Initial Public Offering
Azul SA, the Brazilian airline led by JetBlue Airways Corp. founder David Neeleman, filed for an initial public offering in the U.S., following at least two previous delays because of slumping Brazilian stocks. The Sao Paulo-based airline filed Monday for a $100 million IPO, a placeholder amount used to calculate fees that may change.