Business


Asian stocks slump on profit-taking after US-NKorea tensions Asian stocks slump on profit-taking after US-NKorea tensions
- August 13, 2017

Energy Information Administration said it forecasts U.S. crude production to average 9.9M bbl/day in 2018, the highest annual average production on record. The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon. U.S. Treasury prices finished lower, with the two-year yield (1.36%) and 10-year yield (2.28%) higher by one and three bps, respectively. (more...)
Markets Right Now: Stocks open lower Markets Right Now: Stocks open lower
- August 13, 2017

North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. Pacific island territory of Guam in an unusually detailed threat. Ralph Lauren gained $10.38, or 13.3 percent, to $88.53, while peer-to-peer loan company LendingClub added 99 cents, or 18.1 percent, to $6.45. Asian and European stocks continued the sharp decline Friday. (more...)
S&P falls 1.4 percent in safety flight on North Korea tensions
- August 13, 2017

THE QUOTE: "Risk-averse sentiment is dominating global equities markets, and USA indices have retraced from record levels over the last two days". The Russell 2000 index of smaller-company stocks gave up 6 points, or 0.5 percent, to 1,390. (more...)
Asian stocks mostly lower on growing unease over North Korea
- August 13, 2017

Semiconductor, computer hardware, oil service, and retail stocks also saw considerable weakness, moving lower along with most of the other major sectors. A gauge of volatility on the S&P 500 , the VIX hit its highest reading for over a month. The CBOE Volatility index, the most widely followed barometer of expected near-term U.S. (more...)
United States stocks tumble on North Korea worries
- August 13, 2017

And in a Friday morning tweet, Trump wrote: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!" Trucking and software stocks are also seeing notable strength in mid-day trading, while steel stocks have moved sharply lower on the day. (more...)
FTSE Slips on North Korea Fears
- August 13, 2017

On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns. The escalation of the rhetoric between the United States and North Korea is keeping market participants on their toes and with no fresh economic reports the price action is dictated by the headlines. (more...)
Internap Corporation (NASDAQ:INAP) Stake Raised by KCG Holdings Inc
- August 13, 2017

Renaissance Technologies LLC now owns 1,563,420 shares of the information technology services provider's stock worth $2,408,000 after buying an additional 493,920 shares in the last quarter. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. (more...)
EPA Reveals How the Tesla Model 3 Gets 310 Miles of Range EPA Reveals How the Tesla Model 3 Gets 310 Miles of Range
- August 13, 2017

They were asked about the status of their relationship at the time , but said nothing with Musk telling reporters about his love of Nutella-filled pastries instead. From 3,600 superchargers in 2016, the original plan is to have 7,000 by 2018. In a statement , a Tesla spokesperson played down the significance of the new hardware. (more...)
North Korea Has Markets Nervous But Not Panicked North Korea Has Markets Nervous But Not Panicked
- August 13, 2017

After a dip of as much as 0.52% earlier in the day, Wall Street's three major indexes bounced off intraday lows. "The war of words between Donald Trump and North Korean officials has stepped up in recent days and has put investors on edge, prompting a more risk averse approach in the markets". (more...)
Equities fall on rising tension between US & North Korea
- August 13, 2017

Orders fell 4.7 percent from the previous quarter in April-June, suggesting demand is weaker than expected, though economists say the outlook for coming months is more upbeat. NORTH KOREA: President Donald Trump warned North Korea of "fire and fury" this week in response to recent threats from Pyongyang, which said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base. (more...)
Unusual Volume Spikes For: AU Optronics Corp. (AUO)
- August 13, 2017

Russell Investments Group Ltd. bought a new position in AU Optronics Corp during the fourth quarter valued at approximately $473,000. The semiconductor business posted $0.34 EPS (EPS) for the period, missing analysts' average forecasts of $0.36 by $0.02. (more...)
Canadian foreign minister spoke to North Korean counterpart ahead of pastor's release Canadian foreign minister spoke to North Korean counterpart ahead of pastor's release
- August 13, 2017

Hyeong Soo Lim was released on what state media described as "sick bail" after being handed a life sentence with hard labour in 2015. North Korea's KCNA news agency said on Wednesday that the 62-year-old Lim had been released on humanitarian grounds, suggesting his health was poor. (more...)
Tetra Technologies (NYSE:TTI) Earning Somewhat Favorable News Coverage, Study Shows Tetra Technologies (NYSE:TTI) Earning Somewhat Favorable News Coverage, Study Shows
- August 12, 2017

The firm has "Buy" rating by Wunderlich given on Monday, November 9. The firm has "Buy" rating given on Thursday, August 3 by Canaccord Genuity. The market capitalization of Biostage, Inc.is at $19.18 Million. (NYSE:TTI) rating on Friday, December 16. The stock has "Buy" rating by Bank of America on Thursday, December 22. The average revenue per share growth rate of Biostage, Inc. (more...)
Wall St lower as investors weigh rising N. Korea tensions
- August 12, 2017

MCX Silver was higher by 0.76% at Rs 38,885 per 1 kg. Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S. " North Korea responding with a threat to US territory after Trump warned them not to threaten the USA was never going to go down well", Lawler said. (more...)
North Korea tensions drag down stocks but boost gold
- August 12, 2017

Shares in Worldpay gained 1% in London trading. Shares of Michael Kors (KORS.N) jumped 22.3 percent, helping to boost the consumer discretionary index.SPLRCD, after the luxury goods maker raised its full-year revenue forecast. "If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June", Butler said. In an apparent response to Trump's tweet, a statement issued by North Korea's official KCNA news agency claimed the ... (more...)
Chesapeake Energy Corporation (NYSE:CHK) Shares Bought by SOL Capital Management CO Chesapeake Energy Corporation (NYSE:CHK) Shares Bought by SOL Capital Management CO
- August 12, 2017

Hollencrest Securities LLC increased its stake in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. The company is trading down since yesterday's close of $4.37. Therefore 63% are positive. Chesapeake Energy Corporation had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Four equities research analysts have rated the stock with a sell rating , nineteen have issued a hold rating , six have given a buy rating and one has assigned a strong buy ... (more...)
WealthTrust Arizona LLC Sells 23400 Shares of Enbridge Energy, LP (EEP)
- August 12, 2017

The Commonwealth Of Pennsylvania Public School Empls Retrmt Sys holds 2.28 million shares with $58.08 million value, down from 2.31M last quarter. Enbridge Energy Partners LP now has $6.10B valuation. FMC Technologies had 71 analyst reports since July 23, 2015 according to SRatingsIntel. The collective rating of 2.8 for Enbridge Energy Partners, L.P. (more...)
TransCanada Corporation (NYSE:TRP) Earns Daily Coverage Optimism Score of 0.17
- August 12, 2017

As of quarter end Northstar Investment Advisors LLC had bought 5,135 shares growing its stake by 2.9%. Luminus Management Llc increased Rio Tinto Plc (NYSE:RIO) stake by 641,004 shares to 3.60 million valued at $138.57 million in 2016Q4. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright law. (more...)
Edwards Sells 200000 Shares of Nike, Inc. (NYSE:NKE) Stock
- August 12, 2017

The company now has a consensus rating of "Buy" and an average target price of $61.04. The firm has "Underperform" rating given on Tuesday, March 15 by Scotia Capital. Telsey Advisory Group maintained Nike Inc (NYSE:NKE) rating on Friday, September 25. Fayez Sarofim & Co now holds 23,650 shares with a value of $1,395,000. (more...)
FTSE 100 takes cover from war of words over South Korea
- August 12, 2017

US gold futures for December delivery rose 0.2 percent to $1,291.80 per ounce. "The North Korea situation is still unstable and investors are controlling risk and taking profit after recent gains", said Sam Chi Yung, a Hong Kong-based strategist at South China Financial Holdings. (more...)
Futures lower as markets watch N.Korea Futures lower as markets watch N.Korea
- August 12, 2017

In overseas trading, stock markets across the Asia-Pacific region saw continued weakness during trading on Friday. Lower-than-expected CPI data will be bullish for gold because it will reduce the chances of a Fed rate hike later this year. (more...)
Guam's residents concerned but have faith in U.S. military
- August 12, 2017

The South, which hosts 28,500 United States troops to defend it from the North, is banned from building its own nuclear weapons under a 1974 atomic energy deal it signed with the USA, which instead offers a "nuclear umbrella" against potential attacks, AFP reported. (more...)
American Airlines Group Inc. (NASDAQ:AAL) Shares Move -4.82%
- August 12, 2017

The Edgar Lomax Co holds 545,510 shares with $25.85 million value, down from 595,218 last quarter. Finally, FNY Managed Accounts LLC increased its stake in shares of American Airlines Group by 146.9% in the second quarter. Wetherby Asset Management Inc. raised its stake in American Airlines Group by 1.0% in the second quarter. Several hedge funds and other institutional investors have recently made changes to their positions in AAL. (more...)
Barclays PLC Reiterates Barclays PLC Reiterates "Overweight" Rating for Royal Dutch Shell Plc (RDSA)
- August 12, 2017

UBS AG fixed a GBX 2,500 ($32.56) price objective on Royal Dutch Shell and issued the shares a buy recommendation in a study note published on early Thur, May 4th. The stock's 50 day moving average is GBX 2,119.12 and its 200-day moving average is GBX 2,167.48. If you are accessing this report on another publication, it was copied illegally and republished in violation of USA & worldwide copyright and trademark law. (more...)
Short Interest in Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) Drops By 15.8% Short Interest in Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) Drops By 15.8%
- August 12, 2017

News stories about Ionis Pharmaceuticals (NASDAQ: IONS ) have trended somewhat positive recently, Accern Sentiment reports. The stock of Ionis Pharmaceuticals Inc (NASDAQ:IONS) earned "Buy" rating by Laidlaw on Tuesday, December 27. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/ionis-pharmaceuticals-inc-ions-upgraded-at-zacks-investment-research-updated-updated-updated.html. (more...)