Markets


Tesla Inc going to decide three more Gigafactory locations Tesla Inc going to decide three more Gigafactory locations
- February 24, 2017

The most affordable Tesla , the Model 3, will begin initial production in July the automaker has confirmed, amid better-than-expected financial results for the previous year. The half-million mark is dependent on the mass-market Model 3 , which is slated to go into production in the second half of 2017. The numbers reported by the company on Wednesday, reflect the performance since the merger and hence has very little effect on the total results. (more...)
Tesla Capital Raise Seen Near as Musk Burns Through Cash Coffers
- February 24, 2017

Following Tesla's acquisition of SolarCity in 2016 for $2.6 billion, the second facility will be producing solar panels en masse later this year in the hopes of driving down the economic cost - and therefore revitalizing an industry often hampered by the high start-up costs of purchasing and installing solar energy systems for the average consumer. (more...)
You Won't Believe Justin Bieber Peeing His Pants And Blaming Billy Madison
- February 24, 2017

In the images, the 22 year old Canadian superstar is seen exiting Earthbar in West Hollywood, walking around drinking green juice, checking his phone, casually strolling to his Range Rover... Justin Bieber has denied that a wet patch near his "dick area", as shown in recent paparazzi photos, was urine. Fans of the star - who is now on a brief hiatus from his Purpose World Tour - were thrilled at his self-mockery, as his two social media posts garnered over 165,000 likes and 9,000 retweets ... (more...)
TSX soars to record high close
- February 24, 2017

The Toronto Stock Exchange's S&P/TSX composite index closed down 49.02 points, or 0.31 percent, at 15,781.20, its lowest close since February 13. "No one wants to miss a large pop when that news does come out", said Uriel Cohen, founder of Alpine Global in NY. (more...)
Fed ready to hike rates 'fairly soon'
- February 24, 2017

Fed officials also see "heightened uncertainty" from the Trump administration's plans for tax cuts and spending increases, the minutes show. A large fiscal stimulus package with the labor market so tight would, in theory, kick inflation into a higher gear. (more...)
Peugeot boss gives assurances over Vauxhall plants
- February 24, 2017

After the meeting McCluskey said: "My immediate priority now is to understand where Peugeot is now in this process, which is why I am contacting the CEO of the company, Carlos Tavares, to request urgent talks". Speaking after the Government's meeting with Mr Tavares, Mr Clark said: "The meeting was reassuring". The tie-up would cause GM to exit the United Kingdom and Europe, while transforming PSA Group into Europe's second-largest vehicle maker with a 16% share of the market. (more...)
JC Penney Company Inc (JCP) Announces Closing of 130 Stores or More JC Penney Company Inc (JCP) Announces Closing of 130 Stores or More
- February 24, 2017

This rating was issued on 2/13/17. Bridgewater Associates LP bought a new position in shares of J C Penney Company during the third quarter worth approximately $10,455,000. The company's 50-day moving average price is $7.06 and its 200-day moving average price is $8.80. The Moving Average SMA50 is -8.24% while SMA200 is -18.72%. (more...)
Police arrest protesters at Dakota Access camp Police arrest protesters at Dakota Access camp
- February 24, 2017

North Dakota officials say a 17-year-old girl suffered severe burns in one of the fires and was flown to a Minneapolis hospital. Last week, Burgum signed an emergency evacuation order , citing rising water levels and an increased risk of ice jams as a safety issue that required the camp to be cleared. (more...)
Xbox One's Titanfall 2 video game getting a big free update today Xbox One's Titanfall 2 video game getting a big free update today
- February 24, 2017

The included Stacks and Meadow Live Fire maps are designed around controlled sight-lines, choke points, and flank routes, with the goal to force players into confrontation and combat. The announcement regarding the Live Fire update's release was made in Titanfall 2's official website. The bonus XP will be granted only for playing in Live Fire mode. (more...)
Family Christian Stores closing all locations nationwide
- February 24, 2017

Its closest competitor was LifeWay Christian Stores, with more than 170 stores. "We have prayerfully looked at all possible options, trusting God's plan for our organization, and the hard decision to liquidate is our only recourse", Bengochea said. (more...)
Mnuchin Committed To Significant Tax Reform By August Recess
- February 24, 2017

Treasury Secretary Steven Mnuchin exhibited the same ambition as House Republicans Thursday when he expressed a commitment to seeing growth-enhancing tax reform, with an emphasis on cuts for the middle class and business, before Congress leaves for its August recess. (more...)
Fed officials see rate hike 'fairly soon'
- February 24, 2017

Concerns over French politics have added to demand for the euro zone's safest debt, pushing two-year German government bond yields to new record lows and the premium investors get for holding the equivalent US bonds to its highest in almost 17 years. (more...)
Nordstrom (JWN) Tops Q4 Earnings, Issues Guidance; Stock Up
- February 24, 2017

In Nordstrom, Inc. (NYSE:JWN)'s latest quarter, EPS moved to $0.84 from $0.67 in preceding quarter and revenues reached at $3,542.00M compared to $3,651.00M. For the full year, Nordstrom's revenue grew to $14.76 billion, higher than last year's $14.44 billion but still lower than analysts' expectations of $14.79 billion. (more...)
Bitcoin is getting closer to its all-time high Bitcoin is getting closer to its all-time high
- February 24, 2017

The run-up in price has been driven in part by speculation that the Securities and Exchange Commission could soon authorize the creation of the first bitcoin-focused exchange-traded fund. The price began to pick up more rapidly following the devaluation of the Yuan due to India and China's removal of high valuation bank notes. Though the path to approval appears uncertain, some believe that it might be more likely under the administration of President Donald Trump. (more...)
Garmin Ltd. (GRMN) price reactions to earnings announcements
- February 24, 2017

Several research firms have recently weighed in on GRMN . KeyCorp reiterated an "equal weight" rating on shares of Garmin in a research report on Thursday, December 29th. The Market Capitalization of the company stands at 9.88 Billion. Garmin Ltd . closed its last trading session at $54.15 with the loss of -3.4%. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.16. (more...)
Gap, Inc. (The) (GPS) Declares Quarterly Dividend of $0.23 Gap, Inc. (The) (GPS) Declares Quarterly Dividend of $0.23
- February 24, 2017

Following the transaction, the Global Pres., Banana Republic is left with a stake of 0 shares, now valued at $0. BMO Capital Markets reaffirmed a "hold" rating on shares of Gap , Inc. Heading into the stock price potential, The Gap , Inc. needs to grow just 4.3% to cross its median price target of $25. This represents a $0.92 annualized dividend and a yield of 3.84%. (more...)
Archer-Daniels-Midland Company
- February 24, 2017

In Archer-Daniels-Midland Company (NYSE: ADM)'s latest quarter, EPS moved to $0.75 from $0.59 in preceding quarter and revenues reached at $16,501.00M compared to $15,832.00M. In a similar way, Devon Energy Corporation (NYSE:DVN) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.25. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.62 earnings per share. (more...)
Chesapeake Energy posts smaller quarterly loss
- February 24, 2017

The company's stock had a trading volume of 98,521,606 shares. On 02/22/2017 close, Chesapeake Energy Corporation (NYSE:CHK) plummeted -2.63% to $5.92. On 7th Day after earnings release, Chesapeake Energy Corporation (NYSE: CHK ) dropped to -9.26% from $5.29 to $4.8. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/02/23/guggenheim-capital-llc-increases-stake-in-chesapeake-energy-corporation-chk.html. (more...)
Acacia Shares Tank 17% After Solid Earnings, Weak Guidance
- February 24, 2017

During last 5 trades the stock sticks nearly 8.00%. (NASDAQ:BRCD) in which DA Davidson Downgrades Brocade Communications Systems, Inc. The price to earnings growth is 1.17 and the price to sales ratio is 17. The company's revenue for the quarter was up 11.6% on a year-over-year basis. Brocade Communications Systems, Inc (Brocade) is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions and Internet protocol (IP) networking solutions for ... (more...)
Canada retail sales drop in Dec amid weak holiday spending
- February 24, 2017

CPI common, which the central bank says is the best correlation to the output gap, was furthest away from target, slipping to 1.3 per cent from 1.4 per cent. However, compared to December 2015, nationwide, sales were up 4.3 per cent from $43.08 billion in December 2015. Statistics Canada data for December also showed sales declining in eight Canadian provinces: Ontario, Quebec, British Columbia, Nova Scotia, Alberta and Saskatchewan. (more...)

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