Business


Fifth Third Bancorp (NASDAQ:FITB) Steadying Above Moving Averages
- August 04, 2017

Atwood & Palmer Inc has 3.31% invested in Fifth Third Bancorp (NASDAQ: FITB ) for 682,409 shares. The financial services provider reported $0.45 earnings per share (EPS ) for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.03. (more...)
Banks' savings interest rate cut due to lower inflation: Jaitley Banks' savings interest rate cut due to lower inflation: Jaitley
- August 04, 2017

Power Grid will have 7.9 per cent weight, while Axis Bank (7.7 per cent), SBI (8.6 per cent) and Coal India (3.3 per cent) ITC (15.2 per cent), ONGC (5.3 per cent), NTPC (6.7 per cent) will have 3-15 per cent weightage in the ETF. The stocks included in the ETF are Nalco, Oil and Natural Gas Corp. Finance Ministry had said that the rate cut is an important step to achieve sustained growth consistent with moderate inflation and India's potential. (more...)
Advanced Micro Devices, Inc
- August 04, 2017

They issued a "neutral" rating and a $13.10 price target for the company. Now the shares of Advanced Micro Devices, Inc. Stifel Nicolaus reiterated a "hold" rating and set a $11.00 target price (up from $8.00) on shares of Advanced Micro Devices in a research report on Tuesday, May 2nd. (more...)
The Goodyear Tire & Rubber Company (NASDAQ:GT) Short Interest & Technical Update
- August 04, 2017

If the stock price is unchanged its weighted alpha will be smaller. Checking in on current price action, company shares had recently touched 30.99. (NYSE:AME). Zooming out to the 50-day, we can see that shares are now trading -9.90% off of that mark. The stock's 50-day moving average is $35.00 and its 200-day moving average is $34.47. (more...)
Jury deliberates for 5th day at Martin Shkreli's fraud trial Jury deliberates for 5th day at Martin Shkreli's fraud trial
- August 04, 2017

Former drug company executive Martin Shkreli was convicted of fraud by jurors in a USA court in Brooklyn on Friday, after a highly publicized, monthlong trial. A center of [attorney Benjamin] Brafman's defense was that Mr. Shkreli didn't intend to commit fraud, and he said in his closing argument that "good faith can, in this case, be a complete defense to every one of the charges". (more...)
Citigroup Inc. Lowers Callon Petroleum Company (NYSE:CPE) Price Target to $15.00
- August 04, 2017

It closed at $28.3 lastly. It is down 12.29% since August 3, 2016 and is uptrending. Finally, Viking Fund Management LLC increased its position in shares of Callon Petroleum by 29.8% in the first quarter. TRADEMARK VIOLATION NOTICE: "Northland Securities Reiterates $18.00 Price Target for Callon Petroleum Company (CPE )" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. (more...)
MGM Resorts International (MGM) showed unconvincing performance of -2.69% — Intermediate downward Trend
- August 04, 2017

On Wednesday, August 5 the stock rating was maintained by Stifel Nicolaus with "Buy". Telsey Advisory Group maintained it with "Outperform" rating and $33 target in Tuesday, January 17 report. MGM Resorts International (NYSE:MGM) has risen 45.28% since August 4, 2016 and is uptrending. SELWOOD ROBERT sold $317,052 worth of stock. Finally, CLSA restated an "outperform" rating on shares of MGM Resorts International in a research report on Friday, April 28th. (more...)
Earnings Analysis Of Alibaba Group Holding Limited (BABA)
- August 04, 2017

It has outperformed by 40.63% the S&P500. Northern Cross Llc decreased Alibaba Group Holding (BABA) stake by 3.5% reported in 2016Q4 SEC filing. The difference between the expected and actual EPS was $-0.02/share, which represents an Earnings surprise of -3%. (more...)
Arista Networks, Inc. (NYSE:ANET) Stock Rating Reaffirmed by BMO Capital Markets Arista Networks, Inc. (NYSE:ANET) Stock Rating Reaffirmed by BMO Capital Markets
- August 04, 2017

BMO Capital Markets maintained Arista Networks Inc (NYSE: ANET ) rating on Thursday, August 3. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. (more...)
Freeport-McMoran, Inc. (NYSE:FCX) Bonds Trading 2.4% Higher Freeport-McMoran, Inc. (NYSE:FCX) Bonds Trading 2.4% Higher
- August 04, 2017

It has underperformed by 9.87% the S&P500. Ormat Technologies Inc had 11 analyst reports since January 4, 2016 according to SRatingsIntel. About 1.50 million shares traded. Parkside National Bank & Trust & invested in 0.02% or 4,838 shares. (NYSE:VZ). Affinity Wealth Management reported 13,394 shares. The company had Year Ago Sales of $3.98 Billion. (more...)
Millions of Dollars to be Won in Weekend Jackpots Millions of Dollars to be Won in Weekend Jackpots
- August 04, 2017

Friday's prize is the 10th-most lucrative for a Mega Millions game and the 29th-largest in USA lottery history. Two tickets sold in the August 2 Super Kansas Cash drawing matched the first five numbers but not the Super Cashball to each win $2,000. (more...)
Sewage Leak Splashes Hundreds Of Checked Bags At Nashville Airport Sewage Leak Splashes Hundreds Of Checked Bags At Nashville Airport
- August 04, 2017

Wednesday. The leak occurred because someone plugged a toilet in the women's restroom with paper towels, flooding the area. Ten flights were delayed for about 20 minutes as Southwest employees dealt with the mess. The exact number was not released. A similar incident happened in June of previous year. TV station KTRK reports (warning: auto-play video at that link) that the airport authorities are considering restructuring the airport's drainage system to make sure this doesn't happen ... (more...)
FedEx backs away from holiday surcharges FedEx backs away from holiday surcharges
- August 04, 2017

FedEx has engineered its networks to add sortation and delivery capabilities to accommodate the continued rise in demand for larger, heavier packages, including entire facilities temporarily dedicated to oversized packages . The shipper, based in Memphis, Tennessee, said that from November 20 through December 24 it will add surcharges of $3 for packages needing special handling , $25 for oversized items, and $300 for unauthorized shipments. (more...)
Shake Shack beats Street 2Q forecasts Shake Shack beats Street 2Q forecasts
- August 04, 2017

A number of other analysts also recently issued reports on the company. The firm presently has an "outperform" rating on the stock. Vetr raised Shake Shack from a "buy" rating to a "strong-buy" rating and set a $42.33 price objective on the stock in a research note on Tuesday, June 20th. (more...)
LBA Has $3 Million Stake in Wells Fargo & Company LBA Has $3 Million Stake in Wells Fargo & Company
- August 04, 2017

During the latest trading session Chubb Limited (NYSE:CB) stock went up with a prior 52-week high of $149.23. About 10.38 million shares traded. (NYSE:VTR) has risen 3.44% since August 4, 2016 and is uptrending. Credit Suisse Group restated an "outperform" rating and issued a $40.00 price target (up previously from $36.00) on shares of Wells Fargo & in a report on Friday, April 14th. (more...)
Yelp Soars Almost 18% After Earnings Beat, Eat24 Sale Yelp Soars Almost 18% After Earnings Beat, Eat24 Sale
- August 04, 2017

The stock decreased 2.73% or $0.88 during the last trading session, reaching $31.37. Maloney told Quartz he wasn't even sure what his company's share of the market will be now after these two brands are rolled into one, but if you can't find somewhere to order from out of 75,000 restaurants, you should probably just cook something yourself. (more...)
India c.bank comfortable with repo rate vs CPI target rate - deputy India c.bank comfortable with repo rate vs CPI target rate - deputy
- August 04, 2017

MCLR calculation for interest rates, for faster transmission of rates, was implemented on loans taken since April 2016. More importantly, the regulator expressed unhappiness over the transmission of previous reductions in the current cycle of rate-easing, signaling that high-street banks should bring down the cost of funds for consumers. (more...)
Jose Mourinho Has Finally Confirmed Anthony Martial's Future Jose Mourinho Has Finally Confirmed Anthony Martial's Future
- August 04, 2017

It has to be their aim, to win the league, ' Stam told Sky Sports . "Expensive are the ones that get to a certain level without a certain quality". With an early chance to test themselves against the best in the world, it'll be interesting to see how the manager sets his team up against the La Liga giants. (more...)
Volkswagen Executive Pleads Guilty in Diesel Emissions Scandal Volkswagen Executive Pleads Guilty in Diesel Emissions Scandal
- August 04, 2017

A German national, Schmidt had led Volkswagen's environment and engineering office in Auburn Hills, Michigan, for years before his arrest in Miami in January. The software detected when cars were being tested and turned the emission controls off during normal driving. U.S. District Judge Sean Cox accepted Mr. (more...)
Featured Stock: Barrick Gold Corporation (ABX)
- August 04, 2017

Several other research analysts have also commented on the company. The shares price go down so far this year; showing a decline of -10.22% and added with positive flow of 2.52% during recent week. Investors of record on Thursday, August 31st will be issued a $0.03 dividend. Weatherford International plc (WFT ) maintained activity of 23.29 million shares that trade hands on average basis while its relative volume is 0.79. (more...)
The Kraft Heinz (NASDAQ:KHC) Receiving Somewhat Favorable Press Coverage, Analysis Shows
- August 04, 2017

Jennison Associates LLC says it decreased its ownership in The Kraft Heinz Company stock by 27.5% in the quarter ending 06/30/2017. Macquarie Group Ltd. Shareholders of record on Friday, August 18th will be issued a dividend of $0.625 per share. Park National Corp OH increased its stake in The Kraft Heinz by 14.1% in the first quarter. (more...)
IAC/InterActiveCorp (NASDAQ:IAC) Position Maintained by Pillar Pacific Capital Management LLC IAC/InterActiveCorp (NASDAQ:IAC) Position Maintained by Pillar Pacific Capital Management LLC
- August 04, 2017

The business's revenue was up 2.9% compared to the same quarter a year ago. Wells Fargo & Company restated a "buy" rating on shares of IAC/InterActiveCorp in a research report on Thursday. Envestnet Asset Management Inc. now owns 7,529 shares of the company's stock worth $486,000 after buying an additional 599 shares during the period. The company reported $0.74 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.24. (more...)
SolarEdge Technologies, Inc. (SEDG) VP Sells 3192 Shares of Stock SolarEdge Technologies, Inc. (SEDG) VP Sells 3192 Shares of Stock
- August 04, 2017

Barclays Capital maintained Solaredge Technologies Inc (NASDAQ:SEDG) rating on Thursday, August 3. Cowen and Company reissued a "buy" rating and set a $31.00 price target (up from $24.00) on shares of SolarEdge Technologies in a research note on Thursday. (more...)
International Business Machines Corporation (IBM) Shares Sold by Headinvest LLC
- August 04, 2017

Horan Securities Inc. now owns 936 shares of the technology company's stock valued at $144,000 after buying an additional 837 shares during the last quarter. Shares of International Business Machines Corporation (IBM) traded up 0.043% during midday trading on Friday, hitting $145.003. (NYSE:IBM) for 34,953 shares. (more...)
Lookout Notice Issued Against Karti Chidambaram by CBI Lookout Notice Issued Against Karti Chidambaram by CBI
- August 04, 2017

P Chidambaram and his son Karti are finding it hard to have a sound sleep from May 16, after the CBI officials conducted raids in Tamil Nadu and other states in connection with the alleged favours granted in 2007 FIPB clearance given to INX Media . (more...)