Markets


Cemtrex, Inc. (CETX): How technical indicators have come out?
- February 24, 2017

Pearson alleged the company's banker, Source Capital, quietly terminated its SEC and FINRA registrations after reported violations; that Cemtrex paid more than $1 million to stock promoters to boost share value; and that insiders sold undisclosed shares while prices were inorganically inflated. (more...)
Moving Stock to Concentrate: Delcath Systems, Inc. (NASDAQ:DCTH)
- February 24, 2017

Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. While the stock price moved along with the volume change, shares are touching $0.16 at the time of writing. The stock has a Return on Assets of -54.7 percent, Return on Investment of -176.9 percent and a Return on Equity of -221.1 percent. (more...)
Trump Administration Keeping Powder Dry on Chinese Currency Issues Trump Administration Keeping Powder Dry on Chinese Currency Issues
- February 24, 2017

Mnuchin suggested the administration may develop its own method for judging the impact of any new tax plan , which would include not only the impact on U.S. "So that is incredible to think and it is no wonder why tax reform is getting pushed back, and it's not going to be until August". "More normalised economic growth is 3 per cent or higher", Mr Mnuchin told the paper. (more...)
Gildan Activewear, Inc. (GIL) Updates FY17 Earnings Guidance
- February 24, 2017

The biggest institutional shareholders in Gildan Activewear, Inc. include Caisse De Depot Et Placement Du Quebec which owns 23 million shares in the company valued at $638.43 million. Citigroup Inc. reiterated a "neutral" rating on shares of Gildan Activewear in a research report on Wednesday, November 16th. Canaccord Genuity set a $31.00 price objective on shares of Gildan Activewear and gave the company a buy rating in a research note on Monday, November 14th. (more...)
Trump says China is a 'grand champion' at manipulating its currency
- February 24, 2017

He explained that tax reform is much higher on the agenda, but that GSE reform is still a high priority. It's going to be very significant. Mnuchin told the business network that the Trump administration is 'primarily focused on a middle income tax cut and a simplification for business'. (more...)
Yahoo! Inc. (NASDAQ:YHOO) & Nordstrom, Inc. (NYSE:JWN) Stocks in the Spotlight
- February 24, 2017

The deal remains on track to close in 2Q17, paving the way for ALTABA to start trading separately. These analysts also forecasted Growth Estimates for the Current Quarter for YHOO to be 75%. The Company has 52-week high of $46.72 and 52-week low of $30.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . (more...)
Freedom 251: Ringing Bells director Mohit Goel detained for fraud
- February 24, 2017

According to Ghaziabad Police deputy SP, Manish Mishra Goel has been now been detained for interrogation. Ayam Enterprises claims that Goel approached them to set up a distributor channel for the Freedom 251 smartphone back in November 2015. (more...)
Aer Lingus sees operating profit jump to €233m in 2016
- February 24, 2017

At current fuel prices and exchange rates, the firm expects its operating profit for 2017 to show an year-on-year improvement. The company, which is owned by the IAG Group, said the increase in operating profit reflected the benefit of a lower fuel price environment and cost savings, partially offset by the revenue weakness. (more...)
Investor's Watch List: The Mosaic Company (NYSE:MOS)
- February 24, 2017

NorthRock Partners LLC bought a new stake in shares of Mosaic Company (The ) during the second quarter valued at about $577,000. Becker Capital Management Inc. Mosaic Company (The ) now has an average rating of "Hold" and an average price target of $25.71. ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is the propert of of American Banking News. (more...)
RBS posts $8.7 billion loss in ninth straight year without a profit RBS posts $8.7 billion loss in ninth straight year without a profit
- February 24, 2017

It will include £750 million of savings this year, but Mr McEwan refused to be drawn on how many jobs will be lost. The FTSE 100 group noted that it was targeting £2 billion of cost cuts in the next four years with around two thirds to come from the core bank. (more...)
Samsung's Vice Chairman and President Have Reportedly Offered to Resign
- February 24, 2017

The South Korean company said it would now require financial donations and funding for corporate social responsibility of 1 billion won ($882,460) or more to be approved by the board of directors. Though Samsung Group and Lee have denied paying bribes to Park or seeking improper favors, the conglomerate has pledged to take steps to improve transparency amid accusations and criticisms that Samsung used its financial might to game the system in its favor. (more...)
Mnuchin Sees 'Very Significant' Tax Reform By Summer Mnuchin Sees 'Very Significant' Tax Reform By Summer
- February 24, 2017

Mnuchin spoke by phone with IMF Managing Director Christine Lagarde in what was among the first contacts between the fund and the administration of President Donald Trump, who has repeatedly accused countries like China of using trade and currency policies to cheat its trading partners. (more...)
Revenue Update on Cheesecake Factory Inc(NASDAQ:CAKE)
- February 24, 2017

Can raised its stake in The Cheesecake Factory by 5.5% in the fourth quarter. The number of shares now owned by investors are 47.26 mln. Sei Investments Co. Jefferies Group LLC reissued a "hold" rating and set a $51.00 price target (up from $49.00) on shares of The Cheesecake Factory in a research note on Friday, October 28th. (more...)
Oasis Petroleum Inc. (NYSE:OAS)
- February 24, 2017

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Wunderlich Upgrades Oasis Petroleum Inc. Oasis Petroleum Inc. (NYSE:OAS) share price decreased in the last trading session with a previous 52-week high of $17.08. (more...)
John Lewis To Cut 387 Jobs In Restructuring Move John Lewis To Cut 387 Jobs In Restructuring Move
- February 24, 2017

The John Lewis Partnership, the parent company of the department store chain, has commenced the consultation process with 773 staff, but only around half of them will have their jobs saved if their application for the 386 new roles elsewhere in the company are successful. (more...)
Apache Corporation (APA) Announces Quarterly Earnings Results
- February 24, 2017

For the year, the company reported that its loss narrowed to $1.41 billion, or $3.71 per share. Gilder Gagnon Howe & Co. Spirit of America Management Corp NY bought a new position in shares of Apache Corporation during the third quarter worth approximately $128,000. (more...)
Continental Resources, Inc. (CLR) Releases Earnings Results, Beats Expectations By $0.04 EPS Continental Resources, Inc. (CLR) Releases Earnings Results, Beats Expectations By $0.04 EPS
- February 24, 2017

On 05/04/2016, Analysts were suspecting EPS of $-0.37/share where Continental Resources , Inc. Based on several research reports, Continental Resources was Upgraded by KLR Group to " Buy" on Jan 31, 2017. If you are viewing this article on another publication, it was illegally copied and republished in violation of United States & worldwide trademark and copyright laws. (more...)
Hormel Foods Corporation (HRL) Upgrade by the Vetr Inc. to Hormel Foods Corporation (HRL) Upgrade by the Vetr Inc. to "Buy"
- February 24, 2017

Zacks Investment Research upgraded shares of Hormel Foods Corporation from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research note on Wednesday, November 25th. The company anticipates reporting higher revenues in the to-be-reported quarter, on the back of increased consumers' demand for the premium branded product categories, newly made buyouts and strategic marketing programs. (more...)
Tesla is planning at least three more Gigafactory locations Tesla is planning at least three more Gigafactory locations
- February 24, 2017

Model 3 output should exceed 5,000 vehicles a week at some point in the fourth quarter and 10,000 vehicles a week by sometime in 2018, according to the letter . The company reported $131.4 million in revenue during the quarter from its energy generation and storage businesses. The electric vehicle maker said volume deliveries of the Model 3 should begin in the second half of 2017. (more...)
Oil prices rise after report shows drop in U.S. stocks Oil prices rise after report shows drop in U.S. stocks
- February 24, 2017

U.S. light crude was 70 cents higher at $54.29 a barrel. WTI was on track for a weekly gain of about 2 percent, which would be its biggest so far this year. Signs are emerging that this is happening in Asia with traders selling oil held in tankers anchored off Malaysia, Singapore and Indonesia, Reuters reported on Friday. (more...)

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