Markets


And yes, Valeant's stock is getting hammered And yes, Valeant's stock is getting hammered
- March 15, 2017

Tuesday was a poor day for the stock market, which lost ground as investors waited for the outcome of the ongoing two-day meeting of the Federal Reserve's monetary policy-making body. Since the beginning of the calendar year, the stock is -16.60%. Large investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management has also dumped its Valeant stake , preferring to bet on Amazon.com, Inc. (more...)
Oil prices fall to three-month low as U.S. rig count climbs
- March 14, 2017

OPEC and 11 non-OPEC producers agreed in November to curtail their collective crude oil output by nearly 1.8 million bpd between January and June, with OPEC shaving off around 1.2 million bpd, and non-OPEC producers - led by Russian Federation - slashing another 558,000 bpd. (more...)
Solar Energy Station to Power Hawaiian Island Solar Energy Station to Power Hawaiian Island
- March 12, 2017

The installation is consists of 54,978 solar panels covering 44 acres (18 hectares). Tesla has a solution for this problem, making use of their 52 MWh Tesla Powerpack and 13 MW solar farm that are capable of stashing solar energy that is produced during the day. (more...)
Gander Mountain to close Charleston location Gander Mountain to close Charleston location
- March 12, 2017

The store's manager directed all questions to the St. Paul, Minn., corporate headquarters. The Gander Mountain store will remain open despite its parent company filing for bankruptcy, but the stores in Germantown and Eau Claire will not be as lucky. (more...)
Why Is Elon Musk Gambling Millions Of Dollars On Batteries? Why Is Elon Musk Gambling Millions Of Dollars On Batteries?
- March 11, 2017

Cannon-Brookes tweeted that he would try to get political support for the deal within a week, although it's tough to say whether that will happen. Cannon-Brookes then tweeted at Tesla CEO Elon Musk " How serious are you about this bet? ". (more...)
China reduces growth forecast for 2017 China reduces growth forecast for 2017
- March 06, 2017

These include the "serious challenge" of industrial overcapacity, differing growth rates across China, and "potential economic and financial risks ". The target came in slightly below analysts' expectations, indicating that authorities would prioritise controlling an array of economic risks over pushing short-term growth. (more...)
PSA Group, GM announce Monday morning press conference
- March 05, 2017

Vauxhall has 4,500 employees in the United Kingdom at its plants in Ellesmere Port and Luton, while Opel has a workforce of about 19,000 people in Germany. Last week, chief executive of PSA Group, Carlos Tavares, reassured British unions and the government that production at Vauxhall plants in the United Kingdom will be guaranteed until at least 2021 if a takeover by the Peugeot-maker owner goes ahead. (more...)
U.S. dollar rises on Fed officials' comments
- March 04, 2017

Futures traders now are pricing in an 86 percent chance of a Fed hike in March, up from 35 percent on Tuesday, according to the CME Group's FedWatch Tool . Policymaker forecasts after the Fed's December 2015 rate hike pointed to four more rate hikes in 2016. The question now is whether 2018 might see the first rise in European Central Bank rates from their record lows. (more...)
Heinrich Opposes Confirmation Of Rick Perry For Secretary Of Energy Heinrich Opposes Confirmation Of Rick Perry For Secretary Of Energy
- March 04, 2017

Department of Energy". Perry's failure to remember during a 2011 GOP presidential primary debate that he wanted to eliminate the Energy Department sank his presidential prospects that cycle, but did not factor heavily into his confirmation process. (more...)
FCC, FTC heads pledge cooperation on data rules in suspending broadband requirements
- March 03, 2017

Today's vote puts the new rules on hold until the FCC votes on a reconsideration of the rules. When the FCC voted a year ago to adopt the rule, then-FTC chair Edith Ramirez voiced her support for it, saying that the FCC's rule "will provide robust privacy protections, including protecting sensitive information such as consumers' social security numbers, precise geolocation data, and content of communications, and requiring reasonable data security practices". (more...)
United States crude oil inventory data drag prices lower United States crude oil inventory data drag prices lower
- March 03, 2017

OPEC's own report indicates their member nations had a compliance rate of 90-percent for the first month of 2017. In recent weeks, hedge funds have piled into long positions in the crude futures market at record levels, while oil producers seem content to hedge production with crude trading steadily in the low $50s per barrel (/b) for several months. (more...)
MKM Partners Reiterates Neutral Rating for Dollar Tree, Inc. (DLTR)
- March 02, 2017

Recently, analysts have updated the overall rating to 2.5. Crestwood Capital Management L.P. purchased a new position in Dollar Tree during the second quarter worth about $4,995,000. The stock is trading $78.43 its 50-day moving average by -1.13%. 10/04/2016 - Dollar Tree, Inc . was downgraded to "neutral" by analysts at Cleveland Research. (more...)
Here's Why Best Buy Shares Are Getting Shredded After Monster Earnings Beat Here's Why Best Buy Shares Are Getting Shredded After Monster Earnings Beat
- March 02, 2017

Best Buy shares have risen slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 6 percent. During the key holiday season, Best Buy more than held its own against rivals in a heavily promotional environment, but nonetheless saw US comparable sales fall 0.9%, a disappointing number partly mitigated by a strong 17.5% increase in online stores. (more...)
U.S. stocks close higher as Dow sets 11th straight record U.S. stocks close higher as Dow sets 11th straight record
- March 01, 2017

Utilities stocks eked out a gain. Investors will be closely watching President Donald Trump's address to a joint session of Congress on Tuesday evening for clues on his proposed tax reform and his plans to overhaul the Affordable Healthcare Act. (more...)
5 highlights from Betsy DeVos' appearance at conservative, political conference 5 highlights from Betsy DeVos' appearance at conservative, political conference
- February 26, 2017

The Trump administration's Secretary of Education, Betsy DeVos has said that public education is " a dead end , " which is potentially ominous news for many families around the United States. In light of DeVos' remarks , educators, parents and former students are speaking out in defense of the National School Lunch Program and stressing the adverse effects of having hungry children in classrooms . (more...)
The Oasis Petroleum Inc The Oasis Petroleum Inc
- February 25, 2017

Price Target is an important factor while doing analysis of a stock. Prudential Financial Inc.'s holdings in Oasis Petroleum were worth $7,512,000 at the end of the most recent quarter. During its last trading session, Stock traded with the total exchanged volume of 8.88 million shares. Want to receive stock recommendations on Oasis Petroleum Inc. (more...)
Royal Bank of Scotland makes a loss for ninth straight year Royal Bank of Scotland makes a loss for ninth straight year
- February 25, 2017

Restructuring costs include a £750m provision for the plan announced earlier this week that would see RBS boost banking competition instead of selling Williams & Glyn. The bank now has a £6.8bn war chest to cover United States litigation costs, but if the bill exceeds that number, RBS will have to put its hand in its pocket again. (more...)
Burger King Owner Pays $1.8 Billion for Popeyes Burger King Owner Pays $1.8 Billion for Popeyes
- February 25, 2017

Even more compelling, perhaps, is the fact that Popeyes is almost full franchised, with roughly 98 per cent of its locations operating under this model. Restaurant Brands International said that it will finance the transaction with $600 million of cash on hand and a $1.3 billion financing commitment from J.P. (more...)
Kraft Gives Up on Unilever while Restaurant Brands Buys Popeye's
- February 23, 2017

The latest exchange of 14.06 Million shares is below its average trading activity of 16.05 Million shares. 14 Analysts think that the Price Target for The Kraft Heinz Company (NASDAQ:KHC) might hit $90.29, however, the High Price Target and Low price Target are $100 and $80, respectively. (more...)
Rockets fired at Israel from Egypt's Sinai, army claims
- February 23, 2017

The military says Israeli forces are searching the area following Monday's attack . It comes a day after an Isis affiliate claimed that several of its members had been killed by an Israeli drone. On February 9, a volley of rockets from Sinai targeted southern Israeli resort city Eilat, with three intercepted by the Iron Dome missile defence system and the fourth exploding outside of the city. (more...)