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Stock Market Opens Lower As Wall Street Resumes Tech Selling

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The statement was perceived as dovish by investors, with rate futures pricing in a 38 percent chance of an interest rate hike by December, compared with a little over 50 percent chance priced in before the meeting. In economic news, US economic growth for the second quarter came in-line with expectations, the Commerce Department said Friday. Eight of the 11 S&P sectors are lower, with the consumer discretionary group (-1.1%) at the bottom after Amazon's (-3.4%) worse than expected earnings ... Read More »

Federated Investors (NYSE:FII) Getting Somewhat Favorable News Coverage, Study Finds

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It has outperformed by 41.94% the S&P500. King Luther Cap Corp has invested 0.75% in Bank of America Corp (NYSE:BAC). Hamlin Capital Management LLC boosted its position in shares of Federated Investors by 37.6% in the first quarter. Guggenheim Cap Ltd Liability holds 0% or 16,431 shares in its portfolio. Glenview Bancorp Trust Dept has 10,350 shares for 0.16% of their portfolio. Morgan Stanley owns 791,281 shares. Read More »

MACC confiscates documents on FIC purchase of hotel in Kuching

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The latest probe is believed to have been triggered by MACC's ongoing investigation into FIC for a similar expensive purchase of a hotel property in London , the United Kingdom between 2013 and 2015. MACC has also detained two people to assist in investigations into the purchase of the London hotel. MACC will call in some key witnesses soon to record their statement and to gain solid proof and information before taking further action. Read More »

The United Technologies Corporation (UTX) Price Target Raised to $135.00

United Technologies Corporation (UTX ) closed its previous trading session at $119.54 with the loss of -0.73%. It has outperformed by 6.29% the S&P500. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Nasdaq.com and their article: "United Technologies (UTX) Q2 Earnings: Is a Beat in Store?" published on July 21, 2017 as well as Prnewswire.com's news article titled: "UTC Reports Second Quarter 2017 Results" with publication date: July 25, 2017. Read More »

Redfin Surges Nearly 40% in Friday IPO

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The 15-year-old company becomes the second publicly traded real estate tech company in Seattle, following Zillow (NASDAQ: Z), which went public in 2011 . Redfin's revenue rose 40% year over year last year, even though the company is still looking for its first profit. Redfin charges home sellers a commission of 1.0% to 1.5%, compared to a 2.5% and 3.0% charge from traditional brokers. Read More »

Spinnaker Trust Purchases 664 Shares of American Express Company (NYSE:AXP)

MCF Advisors LLC increased its position in shares of American Express by 0.3% in the second quarter. MCF Advisors LLC raised its position in American Express by 0.5% in the first quarter. The ex-dividend date is Wednesday, July 5th. American Express's payout ratio is now 26.18%. COPYRIGHT VIOLATION NOTICE: This piece was originally published by BNB Daily and is owned by of BNB Daily. Read More »

SunTrust Banks, Inc. (STI) Position Maintained by Whittier Trust Co

It has underperformed by 9.16% the S&P500. Pinnacle Financial Partners Inc decreased Suntrust Bks Inc ( STI ) stake by 20.04% reported in 2016Q4 SEC filing. Sandri Fabio sold $668,052 worth of stock. Investors sentiment increased to 0.89 in 2016 Q4. Want to see what other hedge funds are holding STI? 396.46 million shares or 0.52% more from 394.42 million shares in 2016Q3 were reported. Read More »

Western Digital Corporation (NASDAQ:WDC) PT Set at $108.00 by Maxim Group

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It closed at $54.1 lastly. About shares traded. Qualys Inc (NASDAQ:QLYS) has risen 52.35% since July 28, 2016 and is uptrending. It has outperformed by 35.65% the S&P500. Blue Harbour Grp LP reported 15.17% in Xilinx, Inc. (NASDAQ:XLNX). The North Carolina-based Bb&T has invested 0.02% in Xilinx, Inc. Deutsche Bank & Trust Ag accumulated 293,941 shares. Read More »

Bernstein Upgraded Diageo Plc (DEO); Itt (ITT)'s Sentiment Is NaN

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The biggest institutional shareholders in Diageo plc include Harris Associates L.P. which owns 7 million shares in the company valued at $774.74 million. Bessemer Gru Incorporated reported 1,166 shares. Principal Financial Group stated it has 1.11 million shares. State Teachers Retirement owns 141,145 shares or 0.01% of their U.S. Read More »

Analyzing with technical analysis: Steel Dynamics, Inc. (STLD), Microchip Technology Incorporated (MCHP)

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Several other equities research analysts also recently issued reports on STLD . Advantage Investment Management raised its stake in stocks of Steel Dynamics by 39.6% in the Q1. The company also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. The dividend payment was $0.155 per share for the quarter which comes to $0.62 on an annualized basis. Read More »

Bombardier revenue, business jet deliveries lower, but so was its loss

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Bombardier shares where up 10 cents or about five per cent on the TSX on Monday as investors digested the company's latest quarterly results. It was priced at $2.41 before the beginning of Friday's trading session. (BBD_B.TO, BBD_A.TO) reported that its net loss for the second quarter 2017 narrowed to $296 million or $0.13 per share from $490 million or $0.24 per share in the prior year. Read More »

Fiat Chrysler Automobiles NV

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Based on an average daily volume of 4,403,163 shares, the days-to-cover ratio is now 7.4 days. Fiat Chrysler Automobiles N.V. He rates the stock a buy. FCAU has been the topic of a number of other research reports. Fiat Chrysler Automobiles NV said Friday it received approval from government regulators to sell 2017 model year vehicles equipped with diesel engines after a monthslong delay and amid a probe into the company's alleged use of illegal emissions software. Read More »

Facebook profit surges 71 pct as mobile ad sales soar

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Whether or not that statement is verified, it is still emblematic of the tremendous power these two remarkable companies possess to reach vast audiences in the multiple billions. Total ad revenue was $9.16 billion. Mobile advertising revenue represented approximately 87 per cent of advertising revenue for the second quarter, up from approximately 84 per cent of advertising revenue in the second quarter a year ago. Read More »

Technical Monitor: Checking in on Current Levels For Northwest Biotherapeutics Inc (NWBO)

CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Currently, the 14-day ADX for Northwest Biotherapeutics Inc (NWBO) is sitting at 38.19. Air China Ltd (AIRYY) has experienced a near-term down trend over the past 5 sessions, indicating negative momentum for the name. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Read More »

Applied Optoelectronics, Inc. (AAOI) stock down move Ahead

Pulling back the curtain on Applied Optoelectronics, Inc.'s Return on Assets (ROA), we note that they now have 15.90% ROA, which is an indicator of how profitable they are relative to their total assets. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/07/28/applied-optoelectronics-inc-nasdaqaaoi-price-target-increased-to-100-00-by-analysts-at-da-davidson-updated.html. Read More »

The Gilead Sciences, Inc. (NASDAQ:GILD) Position Lowered by Wedbush Securities Inc

Piper Jaffray maintained Gilead Sciences, Inc . As per Friday, July 29, the company rating was downgraded by Argus Research. The firm earned "Buy" rating on Thursday, July 30 by Canaccord Genuity. $240,053 worth of KeyCorp (NYSE:KEY) shares were sold by Schosser Douglas M . The insider DREW J CHRISTOPHER sold 10,625 shares worth $435,308. The stock was sold at an average price of $71.06, for a total transaction of $355,300.00. Read More »

Founders Capital Management LLC Lowers Position in JP Morgan Chase & Co (JPM)

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In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. About 1.86 million shares traded. Therefore 32% are positive. Oppenheimer maintained the shares of JPM in report on Thursday, July 20 with "Hold" rating. On Wednesday, October 14 the stock rating was maintained by Keefe Bruyette & Woods with "Outperform". Read More »

Westbourne Investment Advisors Inc. Increases Stake in Molson Coors Brewing Company

The stock increased 0.52% or $0.46 during the last trading session, reaching $89.04. Stifel Nicolaus maintained the shares of TAP in report on Tuesday, December 20 with "Buy" rating. Wright Serv invested in 1.17% or 18,500 shares. 6,622 are owned by Nordea Inv. Amica Retiree Medical Trust bought a new stake in shares of Molson Coors Brewing during the first quarter valued at about $105,000. Read More »

Wells Fargo will pay $80 million to overcharged auto loan consumers

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Taking full responsibility for its failure to appropriately manage the auto collateral protection insurance (CPI) program, Wells Fargo announced on Thursday that it would reimburse $80 million to almost 570,000 affected customers. State insurance regulations required Wells Fargo to notify customers of the insurance before it was imposed. Wells Fargo said it will reach out to affected customers starting in August and start issuing refund checks shortly afterwards. Read More »