Trading Ideas
AbbVie's Stock Is Incredibly Cheap
AbbVie’s downward spiral is unwarranted. Here’s why. …read more […]
Month: July 2018
Business News
Nasdaq drops as FAANG growth worries persist
The Nasdaq Composite fell more than 1 percent on Monday for the third straight session, as disappointing forecasts from a clutch of technology and internet companies fueled worries about the continued growth of the high-flying tech sector.
Trading Ideas
The Twitter Inc (TWTR) Stock Sell-Off May Be a Big Mistake
Twitter Inc (NYSE: TWTR ) stock continued to fall, dropping 5.7 percent on Monday on the heels of a huge 20.5 percent loss on Friday. But some Wall Street analysts are taking a more bullish view of TWTR … …read more […]
Trading Ideas
U.S. pending home sales rise, supply constraints remain
Contracts to buy previously owned homes unexpectedly rose in June after two straight monthly declines, but the housing market remains hobbled by a dearth of properties available for sale. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 0.9 percent to a reading of 106.9. Pending home sales fell 2.5 percent in June from a year ago. …read more […]
Trading Ideas
Manafort Made More Than $60 Million in Ukraine, Mueller Says
Paul Manafort, President Donald Trump’s onetime campaign chairman, earned more than $60 million as a political consultant in Ukraine, U.S. Special Counsel Robert Mueller said on the eve of his criminal trial, providing the first tally of Manafort’s income there. Prosecutors intend to prove that Manafort made that much and “failed to report a significant percentage of it on his tax returns,” according to a filing by Mueller on Monday in federal court in Alexandria, Virginia. Jury selection begins Tuesday in Manafort’s bank- and tax-fraud trial. …read more […]
Business News
Deutsche Bank shifts euro clearing as post-Brexit landscape emerges
Deutsche Bank has moved the clearing of a “large part” of new euro-denominated derivatives trades from London to Frankfurt, as financial firms ramp up their Brexit preparations.
Business News
Tesla explores building Gigafactory in Europe: WSJ
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the matter.
Business News
US Foods to buy SGA’s Food Group for $1.8 billion
Food distribution company US Foods Holding Corp said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter sales, sending its shares down 15 percent.
Trading Ideas
CBS board to discuss CEO Moonves investigation on Monday: sources
The allegations come as Moonves is embroiled in a legal battle over control of CBS with the company’s largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner, who also control media company Viacom Inc. CBS said on Friday it would investigate accusations against Moonves, 68, made by six women in a New Yorker magazine article featuring several instances of alleged sexual harassment spanning 1985 to 2006. …read more […]
Business News
Tesla explores building Gigafactory in Europe: Wall Street Journal
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the talks.
Trading Ideas
Square's (SQ) Robust Portfolio is Likely to Aid Q2 Earnings
Square’s (SQ) expanding financial services portfolio is likely to benefit its GPV in the second quarter. …read more […]
Business News
Walmart stumbles with its ‘last mile’ package delivery plan
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.
Trading Ideas
Is Gilead Sciences' Sudden Change in Leadership a Good Thing?
The next CEO — whomever it is — is expected to take the biotech in a new direction. …read more […]
Trading Ideas
Caterpillar raises 2018 profit outlook, beats quarterly estimates
Caterpillar Inc (CAT.N) on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment. The Deerfield, Illinois-based company now expects adjusted profit per share to be in a range of $11 to $12 in 2018, compared with $10.25 to $11.25 projected earlier. The second increase to the profit outlook in the past two quarters helped allay investors’ concerns about the health of the global economy amid increasing trade frictions and pressure on costs. …read more […]
Trading Ideas
Better Buy: Apple Inc. vs. Google
Two of the world’s most valuable tech companies continue to beat the market, but they don’t measure up the same when considering growth and valuation. …read more […]