Financial


News Daily – United States

Feed currently not available

Click here to refresh and see if the source is back online


Forbes – United States

9 Stocks To Buy Before This Summer’s Rate Hike

Stop me if you’ve heard this lie before…

Posted on 25 May 2016 @ 11:37 pm

Daily Dividend Report: OMC, BG, WRB, BLK, MCK

Omnicom Group (OMC) declared a quarterly dividend of 55 cents per outstanding share of the corporation’s common stock. The dividend is payable on July 11, 2016 to Omnicom Group common shareholders of record at the close of business on June 13, 2016.

Posted on 25 May 2016 @ 8:50 pm

Lennar Becomes #32 Most Shorted S&P 500 Component, Replacing Frontier Communications

The most recent short interest data has been released for the 05/13/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by “days to cover.” There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

Posted on 25 May 2016 @ 8:02 pm

Notable Wednesday Option Activity: VHC, CELG, XOM

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in VirnetX Holding Corp (AMEX: VHC), where a total of 2,223 contracts have traded so far, representing approximately 222,300 underlying shares. That amounts to about 44.9% of VHC’s average daily trading volume over the past month of 494,770 shares. Particularly high volume was seen for the $5 strike put option expiring June 17, 2016, with 354 contracts trading so far today, representing approximately 35,400 underlying shares of VHC. Below is a chart showing VHC’s trailing twelve month trading history, with the $5 strike highlighted in orange:

Posted on 25 May 2016 @ 7:47 pm

Wednesday’s ETF with Unusual Volume: REET

The iShares Global REIT ETF (REET) is seeing unusually high volume in afternoon trading Wednesday, with over 314,000 shares traded versus three month average volume of about 35,000.  Shares of REET were up about 0.4% on the day.

Posted on 25 May 2016 @ 7:47 pm

Wednesday’s ETF Movers: XME, IDU

In trading on Wednesday, the SPDR S&P Metals and Mining ETF (XME) is outperforming other ETFs, up about 4.2% on the day.  Components of that ETF showing particular strength include shares of AK Steel Holding (AKS), up about 10.2% and shares of Cliffs Natural Resources (CLF), up about 9.1% on the day.

Posted on 25 May 2016 @ 7:45 pm

Wednesday Sector Laggards: Education & Training Services, Water Utilities

In trading on Wednesday, education & training services shares were relative laggards, down on the day by about 3%.  Helping drag down the group were shares of Devry Education Group (DV), down about 13.3% and shares of ITT Educational Services (ESI) off about 7.9% on the day.

Posted on 25 May 2016 @ 7:40 pm

RTT News – United States

Tiffany & Co. Q1 Profit Declines; Worldwide Net Sales Down 7%

Tiffany & Co. (TIF) reported first-quarter net earnings of $87 million, or $0.69 per share compared to $105 million, or $0.81 per share, in the prior year. The company noted that its first-quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.68 for the quarter. Analysts’ estimates typically exclude special items.

Posted on 25 May 2016 @ 11:07 am

Best Buy Q1 Profit Rises; Projects Q2 EPS Below Estimates; Announces CFO Change

Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts’ estimates typically exclude special items.

Posted on 24 May 2016 @ 11:48 am

Toll Brothers Q2 Profit Tops Estimates; Narrows FY16 Guidance

Toll Brothers, Inc. (TOL), the nation’s leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts’ estimates typically exclude special items.

Posted on 24 May 2016 @ 9:53 am

Bloomberg: Blackstone Mulls Sale Of $11 Bln Logicor Unit

Private equity firm Blackstone Group L.P. (BX) is exploring a sale of its European industrial-property unit Logicor in a deal that could value the company at more than 10 billion euros, or $11 billion, including debt, Bloomberg reported Thursday, citing people with knowledge of the matter.

Posted on 19 May 2016 @ 1:59 pm

Home Depot Q1 Profit Rises, Comps. Up 6.5%; Increases FY16 Guidance

The Home Depot (HD), the world’s largest home improvement retailer, reported net earnings for the first quarter of fiscal 2016 of $1.8 billion, or $1.44 per share, compared to $1.6 billion, or $1.21 per share, in the same period of fiscal 2015. For the first quarter of fiscal 2016, earnings per share increased 19.0 percent from the same period in the prior year. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.36 for the quarter. Analysts’ estimates typically exclude special items.

Posted on 17 May 2016 @ 10:28 am

Why The Turbulence In India’s August House

India’s Congress party, which received a drubbing in the 2014 general election due to a slew of corruption accusations, is now mired in another corruption allegation. This time, it is a defense deal the party signed with AgustaWestland, an Anglo-Italian helicopter firm, in 2010 that has come back to haunt it.

Posted on 7 May 2016 @ 9:07 am

NY Post: J.C. Penney Takes Cost-cutting Steps After ‘expense Challenge’

J.C. Penney Co. Inc. (JCP) slashed payroll, froze overtime for its employees and implemented other cost-cutting measures after it faced an “expense challenge” in the month of April, the New York Post reported, citing an internal memo. Shares of the company are currently down more than 5 percent.

Posted on 6 May 2016 @ 2:06 pm

Deutsche Welle – Germany

No Apple stores in India for now

Long queues in front of Apple stores are unlikely to feature in India soon, as strict local sourcing rules keep blocking the world’s most valuable firm from opening outlets in the fastest growing mobile market.

Posted on 25 May 2016 @ 2:45 pm

Microsoft to end smartphone business?

Only two years after the US tech giant bought Nokia, it has now announced big cuts to its Finnish smartphone business. A Finnish union leader says this is the beginning of the end of Microsoft’s smartphone production.

Posted on 25 May 2016 @ 2:25 pm

Brussels presents package to reform digital economy

The European Commission has come up with a package of measures to help create a single digital market in the 28-member bloc. The focus is on providers of video streaming services and TV advertising.

Posted on 25 May 2016 @ 11:19 am

German business leaders upbeat, so are consumers

Researchers have reported a rise in business confidence among German executives as solid first-quarter growth fueled hopes for rising demand. Consumers in Europe’s powerhouse were found to be equally optimistic.

Posted on 25 May 2016 @ 8:32 am

VW, Toyota to invest in ridesharing

The world’s two largest carmakers by sales have announced partnerships with rideshare companies in a move to profit from attractive mobility services to customers. The market has a huge business potential.

Posted on 25 May 2016 @ 6:25 am

Eurozone ministers reach agreement on bailout for Greece

Eurozone finance ministers have struck a deal allowing Greece to access a fresh round of bailout money, after a marathon round of talks. Negotiations were tough and contentious, according to diplomats.

Posted on 25 May 2016 @ 12:04 am

Monsanto rejects Bayer’s takeover bid

US agribusiness giant Monsanto has rejected a multi-billion takeover bid by German pharma and crop science firm Bayer, saying the offer was too low. However, they were open to further talks on a merger, they said.

Posted on 24 May 2016 @ 6:08 pm

The Jerusalem Post – Israel

Feed currently not available

Click here to refresh and see if the source is back online

Yahoo – United States

Feed currently not available

Click here to refresh and see if the source is back online


| Breaking | USA | World | Financial | Politics | Entertainment | Style | Movies | Technology | Health | Green | OpEd | NFL | NBA | MLB | NCAAF | NCAAB | Motorsports | Golf | FAQ |