This toolmaker may not be a “sexy” stock, but the 150-plus year old company is in the midst of a transformation. Stanley Black & Decker is an American toolmaker with more than 150 years of history, but it is embracing change.
This Drug Retailer Isn’t Worried About Possible Obamacare Repeal
President-elect Donald Trump has made the elimination of the Affordable Care Act a top priority, but Walgreens Boots Alliance will thrive, regardless. In fact, it stands to benefit.
Twitter Could Really Use a Win in Its Final NFL Matchup
The New York Giants aim to clinch a playoff berth Thursday night when they play the Philadelphia Eagles at Lincoln Financial Field. Twitter , which will stream the final game in its partnership with the National Football League, also has skin in the game.
Don’t Let Rising Rates Scare You Away From Bonds
High-quality bonds have taken a beating lately, but they still make sense for the long-term investor. On top of that, the market indicates there is less risk of default now than there was a few months ago.
US Economic Data Augur Trouble
We got the third estimate of 3Q GDP today and it came in higher than expected at 3.5%. The main contributors were a big rise in durable goods’ investment and net exports, which improved by $36.3 billion.
Long INTC or NVDA? Here’s How to Protect Your Gains
Looking at the charts of these two companies I can only suggest a stop-loss level if the charts turn neutral or bearish. In this one-year daily chart of INTC, above, we can see that prices for INTC have been in a broad sideways trading range since July.
Amazon Could Be Treacherous for Netflix
In this one-year daily chart, above, we can see NFLX flirting with its highs near $130. Volume was heavy on the gap to the upside in October but it has generally diminished from that point.
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Research and Markets has announced the addition of the “Global Document Camera for Smart Classroom Market 2016-2020” report to their offering. The report forecasts the global document camera for smart classroom market to grow at a CAGR of 11.54% during the period 2016-2020.
Analysts’ Actions — Las Vegas Sands, Red Hat, Greif and More
Here are Thursday’s top research calls, including downgrades for Greif and Red Hat, and new coverage of Las Vegas Sands. Aegion was upgraded to buy at TheStreet Ratings.
GDP Picked Up in Third Quarter, But it May Not Last
Gross domestic product increased at an annual rate of 3.5% between July and September, the Commerce Department said. That was quicker than the department estimated last month.
How to Trade Chevron, Exxon Mobil as They Lag Crude Oil
As crude oil sets new 2016 highs, so do shares of Chevron and Exxon Mobil, with Chevron eking out a new high on Wednesday. Here’s how to trade them.
Trade Defense Stocks After a Gap Higher, a Slump — and Trump Uncertainty
Defense and infrastructure spending is likely to be on the rise in 2017, and defense stocks General Dynamics, Lockheed Martin and Northrop Grumman could benefit. General Dynamics , Lockheed Martin and Northrop Grumman gapped higher in tandem on Nov. 9 following the election victory by Donald J. Trump.
Bad Sign for Twitter’s Stock: Company Executives Are Jumping Ship
There is more trouble at the social-media giant as two more of its top managers head for the exits. Should investors stay committed? And Twitter doesn’t even seem to be able to hold the affections of its own executives.
Here’s How to Profit Now as Apple Thumbs Its Nose at Donald Trump
Despite the president-elect’s threats, the technology company is making inroads in India, which could be a boon for investors. Technology juggernaut Apple has thumbed its nose at President-elect Donald Trump, and investors seem to approve , sending the stock higher.
2016 was a Terrible Year for Biotech but the Tweets Were on Point
I hesitated while pasting together this Bio-Twitter Year in Review because… Does anyone really want to remember what happened in 2016? Don’t all raise your hand at once. 2016 was a lousy year for biotech investors.
No Room For The Inn as Japanese Informal Accommodation Booms
All is not well in the world of Japanese hospitality. There appears to be a structural shift under way in the market that investors should not ignore.
On China and Housing Markets: Everything Is Coming Up Roses
While Wednesday was a quiet day for markets, with the S&P drifting just barely lower on anemic volume, we did get a couple of news items that deal with some of the major themes for 2017. The first is a perennial favorite of market bears, China.
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Software corporation Oracle is asking the Federal Communications Commission to reconsider the sweeping broadband privacy rules passed earlier this year. Oracle, which spent years unsuccessfully attempting to prove that Google’s Android code infringes copyright, says the FCC’s recent order on privacy will give Google an unfair advantage against Internet service providers.
Sweetgreen Is Going Fully Cashless In 2017
What’s in your wallet? In 2017, Sweetgreen will go fully cashless in all 64 of its stores after successfully testing the concept for about a year, cofounders Jonathan Neman and Nicolas Jammet tell Fast Company . Next year, the fast-casual restaurant chain plans on opening another 30 storefronts in the eight markets where it currently does business.
Roth IRAs Can Help Ward Off the – Ghost of Retirement Future’
The spooky ghost scenes from “A Christmas Carol” are perfect metaphors for the past, present and future worries that haunt our retirement savings dreams. For some, Roth IRAs – which tend to see an annual spike in online search interest beginning during the holiday season – can help keep that “Ghost of Retirement Future” at bay.
US economic growth revised even higher
The world’s largest economy grew at an annualised rate of 3.5% in the quarter, up from an earlier estimate of 3.2%, the Commerce Department said. The Commerce Department said consumer spending, which accounts for more than two-thirds of the US economy, increased at a rate of 3%, compared with the previous estimate of 2.8% and the initial estimate of 2.1%.
Trench coat maker Aquascutum sold for A 97m
But after the British firm was saved from administration in 2012, it has become mainly focused on China and last year saw its UK sales fall 16%. Hong Kong-based YGM Trading, which bought it for A 15m four years ago, said Aquascutum is due to be sold in March 2017 to two buyers.
U.A.E. Expects Oil Prices to Rise More on Global Production Cuts
Oil prices may rise even more once investors see that OPEC and other major producers are fulfilling an agreement to cut production to curb the global glut, United Arab Emirates Oil Minister Suhail Al Mazrouei said. OPEC is committed to the decision to reduce output and it’s too early to talk about any additional steps it may take, Al Mazrouei told reporters in Abu Dhabi.
Legal & General Names Davies to Replace Gregory as Finance Chief
Legal & General Group Plc said Jeff Davies, a senior partner at Ernst & Young LLP, will replace Mark Gregory as the U.K. company’s chief financial officer after the publication of its 2016 preliminary results. Gregory will step down from Legal & General’s board when Davies starts his new job, though he will stay at the company until Aug. 31, the company said in a statement on Thursday.
BofA’s Moynihan Says Businesses Are Friskier After Trump Victory
Bank of America Corp. doesn’t expect Donald Trump’s election to jolt the U.S. economy next year, but its corporate customers are enthusiastic and already seeking funds to expand, according to Chief Executive Officer Brian Moynihan. Mid-sized companies “are friskier, they’re more active,” Moynihan, 57, said in an interview with Bloomberg Television’s David Westin for broadcast Thursday.
Gold Miners Are Running Out of Metal: Five Charts Explaining Why
Gold’s had a roller-coaster year, surging as much as 30 percent before giving up the bulk of those gains. But one trend has been consistent: mining companies are finding it harder to dig up more of the precious metal.
Weekly Jobless Claims Rise by 21,000
Weekly jobless claims rose by 21,000 to 275,000 last week. That came in higher than the 256,000 estimate. The prior week was unchanged at 254,000
The Kia K900 reflects a welcome trend: Cheaper, more available safety technology
The 2016 Kia K900 comes with a standard 3.8-liter gasoline V-6 engine . The option package of advanced safety features is worth its cost.
Futures Point Lower Ahead of Economic Data; Asia Mixed
Futures for U.S. markets were in the red late Wednesday after a lackluster day of trading. And investors were wondering if economic data set for release Thursday could provide a much-needed pre-holiday kick.
Stocks look bubbly
Can we realistically expect more of the same, or are we likely to see a correction? If so, how bad might it be? A look at the most-recent five-year period compared to the history of five-year periods stretching back decades provides some perspective. The S&P 500 has earned an annualized return of 15.28% over the past five years, through December 20, 2016.
Starbucks Corporation’s Dividend Could Double in Just 4 Years
After all, Starbucks’ 1.8% dividend yield is well below the 2.1% average dividend yield of stocks in the S&P 500. But dividend investors shouldn’t overlook Starbucks just because it falls short in this one area.
Oil Seen at $100 by End 2018 in Lottery Ticket Options Trade
Call it a pre-Christmas lottery ticket, but someone in the oil market has been busy making a bold bet, buying contracts that will be profitable if oil surges again to $100 a barrel. The $100 December 2018 call option — a contract that gives the right to buy Dec. 2018 futures at $100 per barrel — was the most traded contract on Tuesday across the whole ICE Brent market, the latest sign of resurgent optimism in oil.
Whole Foods accused of cheating workers out of bonuses in class-action lawsuit
One current and one former employee of a D.C. Whole Foods store filed a federal class-action lawsuit Tuesday against the grocery chain, alleging that the company cheated them out of bonuses. Last week, Whole Foods said that nine managers at stores in Maryland, Virginia and the District were fired for gaming the chain’s “gainsharing” program , which awards bonuses to employees whose departments come in under budget.
Apple’s Search for Better iPhone Screens Leads to Japan’s Rice Fields
Apple Inc.’s quest to adopt advanced displays for its next-generation iPhone hinges on a single supplier in the Japanese countryside. Canon Tokki Corp., surrounded by rice fields in the city of Mitsuke in Niigata prefecture, has a near monopoly on the machines capable of making screens with organic light-emitting diodes, which enable sharp, vibrant displays that use less energy.
Trump Summons Contractors, Officers to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.
Credit Suisse Said Planning About 900 Swiss Job Cuts Next Year
Credit Suisse Group AG is accelerating job cuts in its home market to lift profitability as it gears up for a partial sale of the Swiss division, according to two people with knowledge of the matter. The bank plans to eliminate about 900 positions in Switzerland next year, possibly enabling it to achieve — perhaps even surpass — its target a year earlier than expected, said the people, who declined to be named as they weren’t authorized to discuss the matter.
Paschi Falls as Buyers Said to Balk, Making State Aid Likely
Banca Monte dei Paschi di Siena SpA will probably fail to lure sufficient demand for a 5 billion-euro capital raise, said people with knowledge of the matter, making a state rescue likely. No anchor investor has shown interest in the recapitalization so far, the Siena-based company said in a statement late Wednesday after a board meeting.
China’s Uber for Trucks Huochebang Said to Raise $115 Million
Truck Alliance Inc., an Uber-type service for trucks known in China as Huochebang, raised about $115 million in a financing round that valued the startup at $1 billion, according to two people familiar with the matter. The two-year-old company backed by Tencent Holdings Ltd. and Hillhouse Capital secured the capital in a round led by new investors International Finance Corp. and All-Stars Investment Ltd., the people said.
Alibaba Again Named – Notorious Market’ in Blow to Overseas Push
Alibaba Group Holding Ltd. has again been labeled a haven for knockoffs with an embarrassing return to a U.S. blacklist for fakes just four years after getting its name removed. The U.S. Office of the Trade Representative on Wednesday restored Alibaba’s Taobao to its lineup of “Notorious Markets,” citing an unacceptably high level of reported counterfeiting and piracy.
Oracle Petitions FCC To Reconsider Broadband Privacy Rules
Software corporation Oracle is asking the Federal Communications Commission to reconsider the sweeping broadband privacy rules passed earlier this year. Oracle, which spent years unsuccessfully attempting to prove that Google’s Android code infringes copyright, says the FCC’s recent order on privacy will give Google an unfair advantage against Internet service providers.