Markets


Treasury Secretary Mnuchin: There Will Be Limited Impact from Policies in 2017
- February 25, 2017

Mnuchin said the border tax plan was still being studied, but the tax reform plan would be negotiated with the House and Senate. Mnuchin said the Treasury was having profitable conversation with Chinese counterparts and would not make any judgments on the country's status as a currency manipulator until it had completed its established process for reviewing such designations. (more...)
JC Penney to close 130-140 stores JC Penney to close 130-140 stores
- February 25, 2017

J.C. Penney's Central New York stores are at the Destiny USA mall in Syracuse, Oswego Plaza in Oswego, the Fingerlakes Mall in Auburn, Cortlandville Crossing center in Cortland, the Freedom Mall in Rome and the Sangertown Square mall in New Hartford. (more...)
VW eyes stable 2017 earnings after underlying profit hits record
- February 25, 2017

Oliver Schmidt was Volkswagen's responsible for overseeing US emissions and compliance, and he was also the person that sought certification for the TDI engines that were later caught using a "defeat device". VW sought to sell more diesel cars in the U.S.as tougher emissions rules were about to be adopted in 2007. "This makes us optimistic about the future", Mr Mueller said. (more...)
Pearson posts full-year 2.3 billion pound loss Pearson posts full-year 2.3 billion pound loss
- February 25, 2017

The chief executive of Pearson has said that he has the backing of the board to lead the turnaround of the struggling education publisher after it posted a record £2.6 billion loss. In its full-year results published on Friday the company said adjusted operating profit fell 21 percent to 635 million pounds, slightly ahead of January's target, due to tight cost controls. (more...)
Sina Weibo reports substantial growth in 2016 Sina Weibo reports substantial growth in 2016
- February 25, 2017

Advisors Preferred LLC boosted its position in shares of Weibo Corporation by 833.0% in the third quarter. The share price of the stock plunged -6.64% for the year. CHINESE microblogging site Weibo reported better-than-expected profit and revenue in the fourth quarter previous year as it benefitted from smartphone users' increasing interest in short videos and other social networking formats. (more...)
Earnings Roundup: Alamos Gold, Inc. (NYSE:AGI) Earnings Roundup: Alamos Gold, Inc. (NYSE:AGI)
- February 25, 2017

Alamos Gold Inc (US) had a negative return on equity of 2.01% and a negative net margin of 12.41%. (NYSE:AGI) to Neutral with no specific Price Target on 1/13/17. In other Kinross Gold news, insider Michel Sylvestre sold 8,779 shares of the business's stock in a transaction dated Tuesday, February 21st. New Gold has a one year low of $2.39 and a one year high of $6.04. (more...)
Kenya Cleared for Direct Flights to the US After a Decade Kenya Cleared for Direct Flights to the US After a Decade
- February 25, 2017

The U.S. Federal Aviation Administration says Kenya has complied with global safety standards and can have direct flights to the U.S. after waiting for more than a decade. Kenya has been implementing a raft of recommendations given by the United States government to enhance security, among them separation of passenger arrival and departure terminals, clearing the flight path and fencing off the airport. (more...)
Philip Morris International, Inc. (NYSE:PM) Closed last trading session at $106.52 Philip Morris International, Inc. (NYSE:PM) Closed last trading session at $106.52
- February 25, 2017

The stock was last seen 1.9% higher, reaching at $106.52 on February 23, 2017. Investors' optimism was also reflected in the share price movement since Philip Morris filed an application with the U.S. The count of Hold ratings in that period was 11. The stock was sold at an average price of $102.65, for a total value of $3,592,750.00. Following the transaction, the chief executive officer now owns 787,671 shares of the company's stock, valued at $80,854,428.15. (more...)
Southwestern Energy Company (NYSE:SWN) Beats Earnings by 58% percent
- February 25, 2017

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Southwestern Energy Company (NYSE:SWN) beats earnings by 58%, The Stock Missed Earnings 3 times and has met earnings 2 times. Mitsubishi UFJ Financial Group reissued a "neutral" rating on shares of Southwestern Energy Company in a report on Thursday, January 19th. The rating firm issued a Equal Weight rating to this company in a research note released on Jan 23, 2017. (more...)
Penney announces profit-and plans to downsize store fleet Penney announces profit-and plans to downsize store fleet
- February 25, 2017

JCPenney will also close two distribution centers. The retailer also said it has offered a voluntary early retirement program to 6,000 eligible employees in its home office, stores and supply chain divisions who met certain criteria related to age and years of service as of January 31. (more...)
Stock Jumping Abnormally High: Sirius XM Holdings Inc. (NASDAQ:SIRI)
- February 25, 2017

Moreover, Gabelli & Co issued Initiated rating for the stock on 18-Sep-15. In a research note issued on Jul 29, 2015, analysts at Wunderlich lifted the stock to Buy from Hold. (NASDAQ:SIRI) have shown a high EPS growth of 18.00% in the last 5 years and has earnings growth of 65.70% yoy. Revenue is expected in between 1.31 Billion and 1.29 Billion with an average of 1.29 Billion. (more...)
Crude Oil Slides As US Rig Count Continues To Surge
- February 25, 2017

The number of oil rigs increased to 602 from 597 and has increased for the last six weeks while the number of gas rigs declined slightly to 151 from 153. Texas saw three rigs added to the booming Permian Basin, as well as three in the slowly recovering Eagle Ford shale. The total rig count is now at 754 rigs, up from an all-time low of 404 rigs in May, according to Baker Hughes . (more...)
JC Penney Company Inc JC Penney Company Inc
- February 25, 2017

J. C. Penney Company, Inc. got Upgrade on 13-Feb-17 where investment firm Morgan Stanley Upgrade the stock from Underweight to Equal-Weight. They noted that the move was a valuation call. Allen Questrom holds 1,856,228 (0.60% of shares outstanding) and Myron E. Ullman, III holds 1,273,424 (0.41% of shares outstanding). While looking at the Stock's Performance, J. (more...)
Cliffs Natural Resources Inc
- February 25, 2017

Teacher Retirement System of Texas now owns 19,954 shares of the mining company's stock valued at $113,000 after buying an additional 3,189 shares during the last quarter. The High Revenue estimate is predicted as 463.53 Million, while the Low Revenue Estimate prediction stands at 336.75 Million. The difference between the expected and actual EPS was $0.11/share, which represents an Earnings surprise of 47.8%. (more...)
Union Pacific Corporation (UNP) To Go Ex-Dividend on February 24th
- February 25, 2017

It has met expectations 3 times and missed earnings 5 times. The top line, however, declined on a year-over-year basis, mainly due to coal woes. According to FT, Year on year, growth in dividends per share increased 2.33% while earnings per share excluding extraordinary items fell by -7.68%. (more...)
Aer Lingus Reports Increase In Operating Profits To €233m previous year
- February 25, 2017

Results published by the Irish carrier's parent, International Airlines Group (IAG), show that Aer Lingus earned operating profits of €233 million previous year, an improvement of €109 million on 2015. In a statement, Crawley said that IAG's premium product mix was 20 percent, with the Constant Climate product registering "significant volume" growth, year-over-year, shipping over 40,000 consignments in 2016. (more...)
Sheila Dikshit 'immature Rahul' remarks rub salt into civic-poll battered Congress Sheila Dikshit 'immature Rahul' remarks rub salt into civic-poll battered Congress
- February 25, 2017

Everyone knows Rahul fought for farmers on land acquisition bill and pressured the government to drop any anti-farmer step. However, she also made it clear that Rahul was the only Indian politician to talk about farmers' issues, adding that he speaks his mind. (more...)
Mnuchin promises tax reform will pass by August
- February 25, 2017

When asked about these projections, Mnuchin said the Fed and CBO had not been missing anything, but that they had been making their judgments based "on the status quo. He told CNBC the Trump administration would use "dynamic scoring" models that would likely assume more growth than models used by the Congressional Budget Office and the Joint Committee on Taxation. (more...)
Rory McIlroy defends playing golf with Donald Trump Rory McIlroy defends playing golf with Donald Trump
- February 25, 2017

He has won four major championships, including two PGA Championships. Whether you respect the person who holds that position or not, you respect the office that he holds. An informal poll taken out by the New York Times found that a staggering 89% said that they would jump at the chance to play a round with the President. (more...)
HealthSouth Corporation (HLS), Acadia Healthcare Company, Inc. (ACHC)
- February 25, 2017

Acadia Healthcare Company, Inc . has received $0.55 as the consensus Earnings Estimate for the Quarter ending on Dec 2016, According to the estimate provided by 10 Financial Advisor in the Stock Trading Firms. Schwab Charles Investment Management Inc. now owns 240,138 shares of the company's stock valued at $13,304,000 after buying an additional 16,989 shares during the last quarter. (more...)

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