Markets
Karnataka govt scraps Rs 1800 crore Bengaluru steel flyover project
- March 04, 2017
Even as there was a spontaneous and sustained campaign from the people against the project, allegations of corruption flew thick and fast, putting the government on the defensive, though it denied the same. The government's decision to scrap the project has been linked to huge controversy over an alleged diary found during tax raids on Chief Minister Siddaramaiah's parliamentary secretary K Govindraju past year. (more...)
- March 04, 2017
Even as there was a spontaneous and sustained campaign from the people against the project, allegations of corruption flew thick and fast, putting the government on the defensive, though it denied the same. The government's decision to scrap the project has been linked to huge controversy over an alleged diary found during tax raids on Chief Minister Siddaramaiah's parliamentary secretary K Govindraju past year. (more...)
Citigroup Inc. Downgrade Anadarko Petroleum Corporation (APC) to Market Perform
- March 04, 2017
Its share price has risen 6.61% in three months and is down -2.86% for the last five trades. The analysts noted that the move was a valuation call. The stock was able to keep return on assets at 22.45% in the trailing twelve month while Reuters data showed that industry's average stands at 1.06% and sector's optimum level is 8.16%. (more...)
- March 04, 2017
Its share price has risen 6.61% in three months and is down -2.86% for the last five trades. The analysts noted that the move was a valuation call. The stock was able to keep return on assets at 22.45% in the trailing twelve month while Reuters data showed that industry's average stands at 1.06% and sector's optimum level is 8.16%. (more...)
Snapchat shares will likely cost $17 each on their debut
- March 04, 2017
Venice residents and business owners are upset with Snap's growth in the community, complaining that the company behind Snapchat has gobbled up once vibrant shopping and restaurant locations and converted them into boring office space. In a sense, it's ahead of the game. Snapchat enables mobile users to transmit images, video and text that self-destruct in 10 seconds or less. The company's Snapchat platform is producing short-form digital series tied to "Saturday Night Live" and "The ... (more...)
- March 04, 2017
Venice residents and business owners are upset with Snap's growth in the community, complaining that the company behind Snapchat has gobbled up once vibrant shopping and restaurant locations and converted them into boring office space. In a sense, it's ahead of the game. Snapchat enables mobile users to transmit images, video and text that self-destruct in 10 seconds or less. The company's Snapchat platform is producing short-form digital series tied to "Saturday Night Live" and "The ... (more...)
Snap is latest tech spectacle at almost $24 billion
- March 04, 2017
Co-founders Evan Spiegel and Bobby Murphy will each be selling 16 million shares in the IPO, earning them $272 million apiece. With a full greenshoe option to issue more shares likely to be exercised, the company is poised to increase its deal size to US$3.9 billion. (more...)
- March 04, 2017
Co-founders Evan Spiegel and Bobby Murphy will each be selling 16 million shares in the IPO, earning them $272 million apiece. With a full greenshoe option to issue more shares likely to be exercised, the company is poised to increase its deal size to US$3.9 billion. (more...)
Oscars accountants had to be pushed to take action
- March 04, 2017
The two accountants responsible for the wrong film being announced as best picture victor at the Oscars have been banned from attending future ceremonies. However, a mix-up by Cullinan resulted in presenters Warren Beatty and Faye Dunaway being given the best actress envelope instead of the one announcing that " Moonlight " had won best picture. (more...)
- March 04, 2017
The two accountants responsible for the wrong film being announced as best picture victor at the Oscars have been banned from attending future ceremonies. However, a mix-up by Cullinan resulted in presenters Warren Beatty and Faye Dunaway being given the best actress envelope instead of the one announcing that " Moonlight " had won best picture. (more...)
NBCUniversal invested $500 mln in Snap Inc during IPO
- March 04, 2017
It's not uncommon for the price of shares in an IPO to rise slightly from the company's initial estimate. Wall Street is still seemingly abuzz with excitement after Snap ( SNAP ) made its blockbuster debut on the New York Stock Exchange on Thursday, marking the first tech IPO to go public this year. (more...)
- March 04, 2017
It's not uncommon for the price of shares in an IPO to rise slightly from the company's initial estimate. Wall Street is still seemingly abuzz with excitement after Snap ( SNAP ) made its blockbuster debut on the New York Stock Exchange on Thursday, marking the first tech IPO to go public this year. (more...)
TSX in positive as US indexes hit pause amid US Fed comments
- March 04, 2017
The Fed raises its policy rate, which in turn heightens interest rates on mortgages, credit card debt and bonds, as a way to reel the economy in and prevent hyperinflation when growth picks up. Bank of the Ozarks added 92 cents, or 1.7 Percent, to $56.07, while Signature Bank rose $2.57, or 1.6 per cent, to $162.02. SAD FACE: Revlon slid 2.3 per cent after the beauty products company said its business suffered in the fourth quarter as consumers continued to do more shopping online and at ... (more...)
- March 04, 2017
The Fed raises its policy rate, which in turn heightens interest rates on mortgages, credit card debt and bonds, as a way to reel the economy in and prevent hyperinflation when growth picks up. Bank of the Ozarks added 92 cents, or 1.7 Percent, to $56.07, while Signature Bank rose $2.57, or 1.6 per cent, to $162.02. SAD FACE: Revlon slid 2.3 per cent after the beauty products company said its business suffered in the fourth quarter as consumers continued to do more shopping online and at ... (more...)
Trump won't require Keystone pipeline to use American steel after all
- March 04, 2017
The order, signed on the same day that Trump fast-tracked the building of the pipeline with a separate order, says US steel must be used on "all new pipelines, as well as retrofitted, repaired, or expanded pipelines, inside the borders of the United States". (more...)
- March 04, 2017
The order, signed on the same day that Trump fast-tracked the building of the pipeline with a separate order, says US steel must be used on "all new pipelines, as well as retrofitted, repaired, or expanded pipelines, inside the borders of the United States". (more...)
49 seats go to poll, voting begins in the sixth phase
- March 04, 2017
This phase will test the political influence of Union minister Kalraj Mishra, who is MP from Deoria, Mahant Adityanath of Gorakhpur and Samajwadi Party patriarch Mulayam Singh Yadav, who represents Azamgarh parliamentary constituency. Shah rejected suggestion that intensive campaign by Prime Minister Modi in Varanasi and neighbouring places and the fact that the top party brass has been camping here for days were a sign of nervousness in the saffron camp. (more...)
- March 04, 2017
This phase will test the political influence of Union minister Kalraj Mishra, who is MP from Deoria, Mahant Adityanath of Gorakhpur and Samajwadi Party patriarch Mulayam Singh Yadav, who represents Azamgarh parliamentary constituency. Shah rejected suggestion that intensive campaign by Prime Minister Modi in Varanasi and neighbouring places and the fact that the top party brass has been camping here for days were a sign of nervousness in the saffron camp. (more...)
Technical Glance At Energy Stocks: Enbridge Inc. (ENB), Oasis Petroleum Inc. (OAS)
- March 04, 2017
The Stock now has the market capitalization of $3.42 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 5.30% and monthly volatility of 4.17% respectively. Many analysts are providing their Estimated Earnings analysis for Oasis Petroleum Inc . and for the current quarter 30 analysts have projected that the stock could give an Average Earnings estimate of $-0.07/share. (more...)
- March 04, 2017
The Stock now has the market capitalization of $3.42 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 5.30% and monthly volatility of 4.17% respectively. Many analysts are providing their Estimated Earnings analysis for Oasis Petroleum Inc . and for the current quarter 30 analysts have projected that the stock could give an Average Earnings estimate of $-0.07/share. (more...)
Brokers Issue New Targets On Coca-Cola Company (The) (NYSE:KO)
- March 04, 2017
Rainier Group Investment Advisory LLC purchased a new stake in The Coca-Cola during the fourth quarter worth $437,000. Capital Research Global Investors boosted its position in Coca-Cola Company (The) by 4.1% in the second quarter. The Coca-Cola's payout ratio is presently 93.33%. 06/01/2016 - Bank of America Merrill Lynch began new coverage on Coca-Cola Enterprises, Inc. giving the company a "buy" rating. (more...)
- March 04, 2017
Rainier Group Investment Advisory LLC purchased a new stake in The Coca-Cola during the fourth quarter worth $437,000. Capital Research Global Investors boosted its position in Coca-Cola Company (The) by 4.1% in the second quarter. The Coca-Cola's payout ratio is presently 93.33%. 06/01/2016 - Bank of America Merrill Lynch began new coverage on Coca-Cola Enterprises, Inc. giving the company a "buy" rating. (more...)
This Liverpool lineup could exploit Arsenal's defence on Saturday
- March 04, 2017
Anfield is a special place where the fans are behind their team, where their team plays at a good pace. Since December they've been well beaten by Everton, Manchester City, Chelsea and Bayern Munich away from the Emirates Stadium. This week features a couple of relegation battles and then a headline game between Liverpool and Arsenal . This fixture has often been a high-scoring affair in recent years, but Wenger insisted he had no plans of parking the bus. (more...)
- March 04, 2017
Anfield is a special place where the fans are behind their team, where their team plays at a good pace. Since December they've been well beaten by Everton, Manchester City, Chelsea and Bayern Munich away from the Emirates Stadium. This week features a couple of relegation battles and then a headline game between Liverpool and Arsenal . This fixture has often been a high-scoring affair in recent years, but Wenger insisted he had no plans of parking the bus. (more...)
Bitcoin Now Worth an Ounce of Gold
- March 04, 2017
First, high demand for the digital coin helped push the price of a bitcoin higher throughout the year, although it did suffer a major setback. China's three biggest Bitcoin exchanges suspended withdrawals last month after pressure from the People's Bank of China, which was concerned people were using bitcoin to move money out of the country, sidestepping official efforts to shore up the yuan. (more...)
- March 04, 2017
First, high demand for the digital coin helped push the price of a bitcoin higher throughout the year, although it did suffer a major setback. China's three biggest Bitcoin exchanges suspended withdrawals last month after pressure from the People's Bank of China, which was concerned people were using bitcoin to move money out of the country, sidestepping official efforts to shore up the yuan. (more...)
(INTC) Stock Rating Lowered by Sanford C. Bernstein
- March 04, 2017
They now have a United States dollars 30 price target on the stock. The average analysts gave this company a mean recommendation of 2.70. They set a "buy" rating and a $40.00 price objective for the company. The ex-dividend date was Friday, February 3rd. Intel Corporation's dividend payout ratio is now 49.29%. On a per-share basis, the Albuquerque, New Mexico-based company said it had profit of 31 cents. (more...)
- March 04, 2017
They now have a United States dollars 30 price target on the stock. The average analysts gave this company a mean recommendation of 2.70. They set a "buy" rating and a $40.00 price objective for the company. The ex-dividend date was Friday, February 3rd. Intel Corporation's dividend payout ratio is now 49.29%. On a per-share basis, the Albuquerque, New Mexico-based company said it had profit of 31 cents. (more...)
Fed Rate Hike Bets Trigger Euro US Dollar Exchange Rate Losses
- March 04, 2017
In the past seven days, the market participants have priced three rate hikes in 2017 for the very first time, since it was suggested by FOMC policymakers in last December. Prices Thursday settled at $1,232.90, their lowest since Valentine's Day. In corporate news , Snap surged by another 10.66% following its debut on the New York Stock Exchange on Thursday, when it closed at $24.53 for a 40% rise on its issue price, valuing the company at around $28.4bn. (more...)
- March 04, 2017
In the past seven days, the market participants have priced three rate hikes in 2017 for the very first time, since it was suggested by FOMC policymakers in last December. Prices Thursday settled at $1,232.90, their lowest since Valentine's Day. In corporate news , Snap surged by another 10.66% following its debut on the New York Stock Exchange on Thursday, when it closed at $24.53 for a 40% rise on its issue price, valuing the company at around $28.4bn. (more...)
Overview of Stock Trend: Nektar Therapeutics (NASDAQ:NKTR)
- March 04, 2017
Finally, BTIG Research initiated coverage on Nektar Therapeutics in a report on Friday, January 6th. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 8 analysts given HOLD rating. (more...)
- March 04, 2017
Finally, BTIG Research initiated coverage on Nektar Therapeutics in a report on Friday, January 6th. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 8 analysts given HOLD rating. (more...)
Snap shares rise 44 percent on first trading day
- March 04, 2017
And though Snap has yet to make a profit - the company lost $515 million previous year, many analysts say one of the biggest worries investors have about the deal is the fear of missing out. Snap said in its regulatory filing last month it took in $404 million in revenue past year but lost $515 million. Snap only began making money two years ago and is still struggling to turn a profit. (more...)
- March 04, 2017
And though Snap has yet to make a profit - the company lost $515 million previous year, many analysts say one of the biggest worries investors have about the deal is the fear of missing out. Snap said in its regulatory filing last month it took in $404 million in revenue past year but lost $515 million. Snap only began making money two years ago and is still struggling to turn a profit. (more...)
Canada weekly rig count steady at 335
- March 04, 2017
The U.S. rig count peaked at 4,530 in 1981. USA oil drillers collectively sent seven more rigs into the patch this week, the Houston oilfield services company Baker Hughes reported Friday. The number of gas-only rigs declined 5 to 146. North Dakota added three rigs, Louisiana two, Utah one. The rise in drilling activity has a positive impact on oil and gas drillers such as Rowan Companies (RDC), Atwood Oceanics (ATW), Schlumberger (SLB), Halliburton (HAL), and Diamond Offshore (DO). (more...)
- March 04, 2017
The U.S. rig count peaked at 4,530 in 1981. USA oil drillers collectively sent seven more rigs into the patch this week, the Houston oilfield services company Baker Hughes reported Friday. The number of gas-only rigs declined 5 to 146. North Dakota added three rigs, Louisiana two, Utah one. The rise in drilling activity has a positive impact on oil and gas drillers such as Rowan Companies (RDC), Atwood Oceanics (ATW), Schlumberger (SLB), Halliburton (HAL), and Diamond Offshore (DO). (more...)
Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) shows weekly volitility of 6.36%
- March 04, 2017
Also, the current price highlights a discount of 212.6% to analysts' high consensus price target . These analysts and investment firms use various valuation methods to decide a price target for a stock. In the last trading session, The Company traded 7.46 Million shares. Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) topped its 52-week high price target of 7.15 on Jan 31, 2017. (more...)
- March 04, 2017
Also, the current price highlights a discount of 212.6% to analysts' high consensus price target . These analysts and investment firms use various valuation methods to decide a price target for a stock. In the last trading session, The Company traded 7.46 Million shares. Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) topped its 52-week high price target of 7.15 on Jan 31, 2017. (more...)
Top Analysts Research on Lexington Realty Trust (LXP)
- March 04, 2017
Some buy side analysts are also providing their Analysis on Lexington Realty Trust, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 7 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. (more...)
- March 04, 2017
Some buy side analysts are also providing their Analysis on Lexington Realty Trust, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 7 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. (more...)
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