Tuesday, 20 February 2018
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Financial experts: Dow drop off shouldn't trigger panic selling

The Dow ended at 24,345. After the latest Black Monday, the Dow is now down 8.5% from the record high of 26,617 it hit January 26. Bond prices rose. Wells Fargo plunged 8 per cent after the Federal Reserve hit the bank with new sanctions over a scandal that involved opening millions of phoney consumer accounts. Read More »

Parks business shines in mixed Disney Q1 report

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Bluestein R H & Company decreased its stake in Walt Disney Co ( DIS ) by 21.4% based on its latest 2017Q3 regulatory filing with the SEC. Baker Avenue Asset Management Lp bought 4,800 shares as the company's stock declined 2.31% while stock markets rallied. Read More »

Goodyear Tire & Rubber (GT) to Release Quarterly Earnings on Thursday

About 231,266 shares traded. Shares of Cooper Tire & Rubber Company (CTB) have a 7-day moving average of 38.49. It has outperformed by 0.56% the S&P500. 21 funds opened positions while 69 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. BNP Paribas Arbitrage SA lifted its holdings in Cooper Tire & Rubber by 100.9% in the 2nd quarter. Read More »

Featured Stock to Focus: Vipshop Holdings Limited (NYSE:VIPS)

Advisor Group Inc. now owns 18,066 shares of the technology company's stock valued at $190,000 after buying an additional 9,222 shares during the period. The other 16, though not evenly; between analysts who think you should buy Vipshop Holdings Limited versus those who think you should sell it. The company was reinitiated on Wednesday, August 31 by JP Morgan. Read More »

General Motors (NYSE:GM) Stock Rating Reaffirmed by Barclays

These guidelines do not hold true in all situations, but they are a good general aid in trading decisions. AMI Investment Management Inc.'s holdings in General Motors were worth $1,348,000 at the end of the most recent reporting period. Moreover, State Of New Jersey Common Pension Fund D has 0.12% invested in General Motors Company (NYSE:GM) for 735,000 shares. The company maintains price to book ratio of 1.25 vs.an industry average at 2.26. Read More »

Seagate Technology (STX) Downgraded by Vetr

It is without change, as 52 investors sold INTC shares while 663 reduced holdings. only 127 funds opened positions while 608 raised stakes. The stock increased 1.43% or $1.1 during the last trading session, reaching $78.08. Therefore 24% are positive. Several analysts have released their opinion on Seagate Technology plc (NASDAQ: STX ), with 3 analysts believing it is a strong buy. Read More »

As Market Turbulence Returns, Emerging Stocks May Become Haven

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The Dow Jones had a more than 1,100 difference between its high and low before closing 2.33% to the good at 24,912. Emerging-market stocks may be one of the safest places to ride out the coming storm. The pan-European FTSEurofirst 300 index lost 2.50 per cent and MSCI's gauge of stocks across the globe shed 0.72 per cent. A plunge in global equity markets has thrown light on an increasingly popular strategy among investors-shorting volatility. Read More »

United States regulators to testify to congress on cryptocurrency regulations

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Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top USA markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday. "I'm actually really surprised". The hearing comes as interest in the currencies has boomed, with many coins reaching record highs before a recent slump in the market. Read More »

AGLC to halt imports of BC wine following proposals from BC gov't

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Not almost as important as the energy industry is to Alberta and Canada, but important nonetheless", said Notley. Trudeau is standing his ground on the Trans Mountain pipeline expansion as Alberta feuds with B.C. University of Calgary economist Trevor Tombe said of all the retaliatory measures available to Alberta, this was a good one. "It's going to punch above its weight". Read More »

Gilead Sciences (GILD) Given a $83.00 Price Target by Mizuho Analysts

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Arrow Financial Corp now owns 17,771 shares of the biopharmaceutical company's stock valued at $1,258,000 after buying an additional 45 shares during the period. (NASDAQ: GILD ). Calamos Advisors Llc holds 318,834 shares or 0.2% of its portfolio. World Asset Mgmt stated it has 0.34% in Gilead Sciences, Inc . (NASDAQ: GILD ), with 13 analysts believing it is a strong buy. Read More »

QUALCOMM (QCOM) Upgraded to "Buy" at ValuEngine

Qualcomm Inc now has $91.38B valuation. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company's stock valued at $5,714,418,000 after buying an additional 1,537,645 shares in the last quarter. Since August 20, 2017, it had 0 insider purchases, and 6 sales for $3.16 million activity. Another trade for 4,740 shares valued at $245,919 was made by STERLING MICHELLE M on Sunday, August 20. Read More »

Steve Wynn steps down as CEO of casino company

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Steve Wynn, who founded the eponymous casino empire, said the "avalanche of negative publicity" meant he could not "continue to be effective in my current roles". Details of Wynn's separation agreement were not immediately disclosed. In Tuesday's statement , Wynn said the company would continue, and "I am extremely proud of everything we have built at this company". Read More »

Crude Oil Plunges As Stocks Collapse

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Price of Brent crude will hit $78 per barrel in the next few months, on account of the dynamics in the global oil market, a global investment banking institution, JP Morgan report has said . "Till Saudi Aramco's initial public offering gets over, the firm trend in oil price will continue". Although volatility in oil is rising, it is still close to its lowest in three years. Read More »

Six Nations 2018: Jordan Lamour 'very close' to Ireland debut against Italy

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Ireland kept pace with England by winning at the Stade de France , going through an extraordinary 41 phases to set up Johnny Sexton for the drop goal that won the game. French half-backs Matthieu Jalibert and Antoine Dupont left the field during the game due to knee ligament injuries, but were also sent for head injury assessments (HIAs). Read More »

Cape Town braces for unrest as water crisis worsens

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In a media dispatch sent to The Point, WWC described water as world's most precious, and yet under-protected, resource, noting it will soon be a scarcity for the citizens of Cape Town, South Africa as " Day Zero " looms. "The highest users will face the greatest increases". The city announced that the new day zero is likely to come on May 11. "There has not been any significant decline in urban usage". Read More »

Stocks for Your Case: AK Steel Holding Corporation (AKS), Facebook, Inc. (FB)

Shares of United States Steel (X) traded down $1.74 during midday trading on Friday, hitting $39.41. California State Teachers Retirement System cut its position in AK Steel Holding Co. After this sale, 173,368 common shares of X are directly owned by the insider, with total stake valued at $5,995,065. The dated 05/02/2018 transaction's document that was filed with the SEC is available here. Read More »

Starbucks Corporation (SBUX) - Stock at Active line

As of October 2, 2016, the Company operated in 75 countries. On Wednesday, April 5 the stock rating was upgraded by Goldman Sachs to "Neutral". The firm has "Buy" rating by Robert W. Company insiders own 3.40% of the company's stock. $3.47 million worth of stock was sold by CULVER JOHN on Friday, September 8. BURROWS CLIFFORD had sold 162,826 shares worth $9.28M. Read More »

Global markets creating a ripple effect: Adhia

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The government, he said, is working on removing the "unevenness in the tax paid by different classes of people" by using foolproof technological system. "So, it was not a good idea to keep any one class completely out of taxation", he concluded. As a result of the announcement related to the LTCG tax in the budget , the markets reacted negatively with the benchmark Sensex falling more than 800 points as investors' sentiments dampened and they rushed for selling their holdings. Read More »

Stocks look to continue slide after record Dow drop

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The Standard & Poor's 500 index fell 51 points, or 1.9 percent, to 2,711. German DAX 30, FTSE 100 and French CAC 40 index futures were all down around 3%. The Dow soared by 5,000 points - it has never done that in a single year. The Dow began Tuesday up about 6,000 points since the election. Selling over the past couple of sessions ran the benchmark 10-year yield up to 2.85%, it highest since January 2014. Read More »

Broadcom raises hostile bid for Qualcomm to $121B

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Qualcomm's management team and board members have unfailingly argued that Broadcom's acquisition is opportunistic since it is occurring during the chipmaker's messy legal battle with Apple , and - more importantly - the offer is too low. Along with the new offer Broadcom has also offered to take two of Qualcomm's directors on its board. A combination with Broadcom would not change that. Read More »

Tronc to sell Los Angeles Times

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The transaction would include The Times and The San Diego Union-Tribune, these people said. The San Diego Union-Tribune could soon have a new owner, with a report Tuesday that Chicago-based Tronc plans to sell the paper to health-care billionaire Patrick Soon-Shiong. Read More »

Stocks go on a wild ride, briefly sending Dow down 1600

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At one point , the Dow Jones industrial average dropped 1,000 points in less than an hour, and it ended with its worst day in more than six years. The stock market has been on a bull run for the past nine years, helped by a growing economy, strong corporate earnings and an extremely loose monetary policy by central banks. Read More »

Gerry Kelly 'regrets' removing clamp from auto with bolt cutters

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A PSNI spokesperson has said: "Police in north Belfast received a report of criminal damage in the Exchange Street area of Belfast at around 2.20pm on Friday February 2". "It is believed that damage was caused to the wheel-clamp of a vehicle". Last night, Kelly tweeted that he would meet with police if necessary. I have to tell you I don't have the detail on it. Read More »