Business


Dollar falls to multi-year low against euro
- August 29, 2017

Harvey has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could overturn years of USA excess oil capacity and low prices, with disruptions reverberating through global energy markets for weeks. While hitting multi-month lows, the dollar index was last down only 0.4% and the euro was up just 0.2%. Meanwhile Federal Reserve chair Janet Yellen also ignored monetary policy, delivering a similar message that regulation has made the global financial system ... (more...)
Oil drop continues on refinery closure Oil drop continues on refinery closure
- August 29, 2017

Spot prices for United States gasoline futures surged 7 per cent to a peak of US$1.7799 (RM7.59) per gallon, the highest since late July 2015, before easing to settle at US$1.7123, up more than 3 per cent. There might also be around 300,000 bpd of onshore USA production shut in, trading sources said. Harvey's path cuts right through the heart of the USA oil infrastructure, with the Texas coast being home to almost 30% of the country's refining capacity. (more...)
Stifel Nicolaus Upgrades TTM Technologies, Inc. (TTMI) to Stifel Nicolaus Upgrades TTM Technologies, Inc. (TTMI) to "Buy"
- August 29, 2017

The company stock experienced a 2.36% move to arrive at $13.88. About 1.80 million shares traded. TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, August 2nd. Yet another important factor while evaluating a good buy/sell decision for TTM Technologies Inc. JP Morgan has "Overweight" rating and $21 target. Two analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. (more...)
Four things we learned from Arsenal's heavy defeat against Liverpool Four things we learned from Arsenal's heavy defeat against Liverpool
- August 29, 2017

There was still time for Liverpool to add to their tally when Salah's deep cross found substitute Daniel Sturridge who guided his header into the back of the net easily in the 78th minute. The problem, though, is that even this relatively prestigious position is a woeful drop from where they once were, and where many of their fans believe they should still be. (more...)
Brewers Shut Out Dodgers 3-0 Brewers Shut Out Dodgers 3-0
- August 29, 2017

In his career, Weaver is 1-1 with a 2.95 ERA and 26 strikeouts against Milwaukee. The Milwaukee Brewers capped off a three-city road trip by taking 2 of 3 from the Los Angeles Dodgers , pulling out a 3-2 victory on Sunday. Darvish, who missed eight games due to lower back tightness, will make his 26th start of the season this afternoon and fourth as a Dodger. Matt Garza will start the opener and is 6-7 with a 4.67 ERA and 73 strikeouts this season. (more...)
Economic adviser knocks Trump's response to Charlottesville Economic adviser knocks Trump's response to Charlottesville
- August 29, 2017

In a Q&A with the Financial Times on Thursday, Cohn said he did not want to cede his position as a key member of President Donald Trump's administration because of white supremacists. Cohn indicated there is pressure among his colleagues to speak out on Charlottesville. Amid fears that Cohn would resign, the USA stock market dropped until the White House denied the rumor. (more...)
13% of Manned Platforms Evacuated in GoM 13% of Manned Platforms Evacuated in GoM
- August 29, 2017

The price action is mixed at this time because the oil industry is not sure how much oil output has been affected by Hurricane Harvey which struck the Gulf Coast of Texas over the week-end. With the refineries shutdown, gasoline can not be produced so there will be a shortage. The impact on crude production is lower than the refinery impact, with about a million barrels per day offline, or about 11 percent of total USA output, according to Goldman Sachs. (more...)
Gurung smells conspiracy ahead of talks with state Gurung smells conspiracy ahead of talks with state
- August 29, 2017

Kalyan Dewan, another leader of the GJM and convener of the co-ordination committee created to lead the Gorkhaland agitation, said, "If the voice in the statement said to have been released by Gurung is indeed his, then it is indeed alarming and unfortunate". (more...)
Brookfield Infrastructure Partn (NYSE:BIP) Closed Above Its 50 Day Moving Average Brookfield Infrastructure Partn (NYSE:BIP) Closed Above Its 50 Day Moving Average
- August 29, 2017

Aug 4, 2017 is the announcement. The stock decreased 0.23% or $0.1 during the last trading session, reaching $43.79. About shares traded. Brookfield Property Partners LP (NYSE:BPY) has declined 7.06% since August 28, 2016 and is downtrending. (more...)
Santander Consumer USA Holdings Inc. (SC) Rating Reiterated by Stephens Santander Consumer USA Holdings Inc. (SC) Rating Reiterated by Stephens
- August 29, 2017

Santander Consumer USA Holdings Inc has recorded a 50-day average of $13.13 and a two hundred day average of $12.95. Among 17 analysts covering Santander Consumer USA Holdings (NYSE:SC), 7 have Buy rating, 0 Sell and 10 Hold. The stock was acquired at an average price of $12.94 per share, for a total transaction of $64,700.00. Following the acquisition, the chief financial officer now directly owns 122,609 shares of the company's stock, valued at approximately $1,379,351.25. (more...)
ConAgra Brands, Inc. (CAG) Sees 52-Week Low ConAgra Brands, Inc. (CAG) Sees 52-Week Low
- August 29, 2017

It has underperformed by 59.71% the S&P500. Analysts await Conagra Brands Inc (NYSE:CAG) to report earnings on October, 5. It improved, as 57 investors sold Conagra Brands Inc shares while 203 reduced holdings. The value of the investment in CAG went from $44,786,000 to $885,000,000 increasing 1,876.1% for the reporting period. UBS maintained Conagra Brands Inc (NYSE:CAG) on Friday, June 30 with "Sell" rating. (more...)
Gilead to buy Kite Pharma for $11B Gilead to buy Kite Pharma for $11B
- August 29, 2017

It has underperformed by 38.50% the S&P500. Atlanta Capital Gp, Georgia-based fund reported 3,071 shares. Mastercard Inc Cl A now has $142.57 billion valuation. The company was maintained on Thursday, July 27 by Maxim Group. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 2. (more...)
AAA: Gas prices to rise this week in wake of Hurricane Harvey AAA: Gas prices to rise this week in wake of Hurricane Harvey
- August 29, 2017

Last Sunday, the average price of regular unleaded gasoline at the national level was $2.36 a gallon, from $2.35 the day before and $2.33 the week before. Other major storms took place before the US oil boom, when inventory was much lower. Kloza expects Corpus Christi refineries to reopen within two to three days. (more...)
Pinnacle Financial Partners Inc. Has $10.08 Million Position in Amazon.com, Inc Pinnacle Financial Partners Inc. Has $10.08 Million Position in Amazon.com, Inc
- August 29, 2017

The company has a market capitalization of $455.90 billion, a P/E ratio of 241.37 and a beta of 1.48. Beese Fulmer Investment Management Inc. boosted its stake in Amazon.com by 0.7% in the first quarter. Therefore 91% are positive. Amazon.com had 187 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Friday, July 24 by Barclays Capital. (more...)
Consolidated FDI policy charter released Consolidated FDI policy charter released
- August 29, 2017

FEMA 20/2000, including start-ups irrespective of the sector in which it is engaged, under the automatic route", the policy document said. The Department of Industrial Policy and Promotion (DIPP) in its press release said that the "new circular will take effect" from today ie, Aug 28, 2017. (more...)
Stock Showing Surging Activity: American Eagle Outfitters, Inc. (AEO) Stock Showing Surging Activity: American Eagle Outfitters, Inc. (AEO)
- August 29, 2017

Sprint Corporation (S) have shown a high EPS growth of -73.48% in the last 5 years and has earnings rose of 39.70% yoy. It uses profitability, leverage, liquidity, solvency and activity to forecast whether a company has a high degree of probability of being insolvent. (more...)
Susquehanna Bancshares Inc Reaffirms "Neutral" Rating for Hibbett Sports, Inc. (HIBB)
- August 29, 2017

The SI to Hibbett Sporting Goods Incorporated's float is 17.95%. During its last trading session, Stock traded with the total exchanged volume of 0.68 million shares. Investors sentiment increased to 1.24 in 2016 Q4. Janney Montgomery Scott LLC boosted its position in shares of Hibbett Sports, Inc. 23 funds opened positions while 56 raised stakes. (more...)
Inc. Sells 7695 Shares of General Electric Company (GE) Inc. Sells 7695 Shares of General Electric Company (GE)
- August 29, 2017

The stock declined 0.12% or $0.03 reaching $24.47 per share. About 2,157 shares traded. Tradition Capital Management Llc decreased General Electric Company (GE) stake by 15.44% reported in 2016Q4 SEC filing. Nomura Holding holds 0.06% of its portfolio in General Electric Company (NYSE:GE) for 817,737 shares. King Luther Cap Corp accumulated 595,703 shares. (more...)
Renault Captur to be launched by 2017-end Renault Captur to be launched by 2017-end
- August 29, 2017

The company also launched "Passion on Wheels", a fully functional mobile showroom to reach out to the customers in smaller markets and give them an experience of the Renault brand. CAPTUR has sold over a million cars worldwide and will enhance our product portfolio as we aim to grow our presence in the SUV segment in India. The vehicle maker also announced that the company has crossed a milestone of 300 dealership outlets in the country making it one of the fastest network in the Indian ... (more...)
Levin Capital Strategies LP Boosted Pfizer INC (PFE) Stake by $15.18 Million
- August 29, 2017

The shares were sold at an average price of $34.00, for a total value of $3,296,300.00. About shares traded. Palo Alto Networks Inc (NYSE:PANW) has declined 16.31% since August 28, 2016 and is downtrending. Therefore 30% are positive. Pfizer had 54 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Monday, May 29 by Jefferies. (more...)
Sprouts Farmers Market, Inc. (NASDAQ:SFM) Sees Significantly Higher Trading Volume
- August 29, 2017

The stock of Sprouts Farmers Market Inc (NASDAQ: SFM ) earned "Buy" rating by Stifel Nicolaus on Friday, February 12. The Highbridge Capital Management Llc holds 268,535 shares with $5.08 million value, up from 29,993 last quarter . As of the end of the quarter Vanguard Group Inc had acquired a total of 57,599 shares growing its stake by 789.0%. The Director now owns $584,590 of the stock per the Form 4 SEC filing. (more...)
Which Insiders Are Selling Autodesk, Inc. (ADSK)? Which Insiders Are Selling Autodesk, Inc. (ADSK)?
- August 29, 2017

Autodesk, Inc. (NDAQ:ADSK) has risen 91.08% since August 28, 2016 and is uptrending. It has outperformed by 74.38% the S&P500. Parallel Advisors has an ownership of 1,093 stocks of the software firms shares valued at $121,000 after scooping up an extra 44 shares through out the previous quarter, Harfst & Associates bought a fresh stake in Autodesk through out the Fiscal Q2 valued roughly $150,000. (more...)
Pack of smokes is now $13 in New York City Pack of smokes is now $13 in New York City
- August 29, 2017

There are now 900,000 smokers in the city , according to data provided by the mayor's office. New York City has lifted the minimum price of a pack of cigarettes by 24% to $13, while also capping the amount of tobacco sellers. "We have these major worldwide corporations that clearly know better but to make a buck they're looking to hook a whole new generation of young people on tobacco products and we have to stop them". (more...)
How much damage will Harvey cause? How much damage will Harvey cause?
- August 29, 2017

Making it even worse is that typically, about 9 out of 10 of those whose homes are damaged in big storms don't have flood insurance , he says. The rainfall connected to the storm is expected to continue through Thursday. Houston is facing worsening flooding in the coming days as the storm dumps more rain on the city, swelling rivers to record levels and forcing federal engineers on Monday to release water from reservoirs in an effort to control the rushing currents. (more...)
Equinix, Inc. (EQIX) Sees 52-Week High Equinix, Inc. (EQIX) Sees 52-Week High
- August 29, 2017

Company shares last traded at $466.19 which is marginally higher than the 50 day moving average of $444.91 and significantly above the 200 day moving average of $417.56. Moreover, Gendell Jeffrey L has 1.3% invested in the company for 984,817 shares. North Carolina-based First Personal Fincl Services has invested 0.16% in Equinix, Inc. (more...)