Markets


Stifel Released Stifel Released "Buy" Rating on Analog Devices (ADI)
- March 15, 2017

BMO Capital Markets reiterated a "buy" rating and set a $85.00 price objective on shares of Analog Devices in a research report on Monday, November 21st. 03/07/2017 - Analog Devices, Inc . had its "overweight" rating reiterated by analysts at Pacific Crest. The stock has an operating margin of 3.60% and a net profit margin of -5.70% This appreciation has taken its price 108.43% above the 52-week low. (more...)
Donald Trump 'did not mean wiretapping claims literally' Donald Trump 'did not mean wiretapping claims literally'
- March 15, 2017

Spicer - and we feel sorry for him for having to constantly walk back the odd things his boss tweets about - now would have the world believe what Trump actually meant was there was surveillance and not specifically wiretaps of Trump Tower phones. (more...)
Zara owner Inditex profits up on global drive Zara owner Inditex profits up on global drive
- March 15, 2017

Sales at constant exchange rates rose 13% in the first six weeks of the new financial year as customers snapped up items from its new spring collections. However, analysts expect currency effects to swing in Inditex's favour over the next 12 months with a consequent boost to profit margins. Mr Ortega owns almost 60pc of the group and the Spanish retailer has ramped up its dividend 13.3pc to 0.68 euros per share. (more...)
Revenue Approximations Analysis: Chevron Corporation (CVX), The Coca-Cola Company (KO) Revenue Approximations Analysis: Chevron Corporation (CVX), The Coca-Cola Company (KO)
- March 15, 2017

Sanford C. Bernstein set a $48.00 price objective on The Coca-Cola and gave the company a buy rating in a report on Friday, January 6th. The stock now has an average rating of "Hold" and an average target price of $43.85. The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.37 per share. (more...)
IRS Revokes Tax-exempt Status Of Richard Spencer's White-supremacy Think Tank IRS Revokes Tax-exempt Status Of Richard Spencer's White-supremacy Think Tank
- March 15, 2017

The NPI, which describes itself as "dedicated to the heritage, identity, and future of people of European descent" in the United States and worldwide, has had its tax status removed retroactively as of May 15, 2016, when its 2015 return would have been due, Mic reports. (more...)
Asia Stocks Set to Follow US Down as Oil Swings: Markets Wrap
- March 15, 2017

With the futures market pricing in more than a 90 percent chance that the Fed would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say about the pace of hikes this year. drillers added oil rigs for an eighth consecutive week, taking advantage of the recovery in prices thanks to the production cuts in our to ramp up their own activity. (more...)
Senate to screen Magu as EFCC Chairman Senate to screen Magu as EFCC Chairman
- March 15, 2017

Senate President, as I speak with you, those involved in Diezian's clique are on the run and some are undergoing trial with her in the United Kingdom", Magu revealed. The letter which emanated from the office of the Department of State Security (DSS), was however faulted by Magu and some Senators. In his reply, Ibrahim Magu says two reports were submitted in one day about him and that questions the integrity of the DSS as well. (more...)
U.S. producer prices increase 0.3 percent in February U.S. producer prices increase 0.3 percent in February
- March 15, 2017

The Producer Price Index, or PPI, for final demand-goods sold as personal consumption, capital investment, government purchases, and exports-increased a seasonally adjusted 0.3 percent after jumping 0.6 percent in January, the U.S. "There is nothing in today's US economic data releases to suggest that the Federal Reserve will deviate from the widely expected 25 basis point fed funds rate hike tomorrow", wrote Robert A. (more...)
Cathay Pacific Airways posts first annual loss since 2008 Cathay Pacific Airways posts first annual loss since 2008
- March 15, 2017

The company's shares were down nearly five percent in early afternoon trade. Acknowledging the competitive landscape, Cathay recently undertook what was the biggest review of its business in two decades and said it would cut jobs and consider shifting some flights to its short-haul arm as part of a three year programme. (more...)
Investors Checklist Stock: Whiting Petroleum Corporation (NYSE:WLL)
- March 15, 2017

Annual EPS Growth of past 5 years is -26.80%. Looking at the past 52 week period, the stock price is up at 8.28%. Many analysts have provided their estimated foresights on Whiting Petroleum Corp. The company rocked its 52-Week High of $36.39 on Jun 8, 2016 and touched its 52-Week Low of $6.38 on Aug 1, 2016. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -15.74% where SMA50 and SMA200 are -20.4% and -7.26% respectively. (more...)
Police Raid Audi Offices, Staff Homes in Continuing Volkswagen Investigation
- March 15, 2017

Audi was responsible for designing and manufacturing some of the engines that enabled the Volkswagen to cheat on emissions tests. Volkswagen and Audi brand vehicles with diesel engines make up the bulk of the vehicles caught up in Volkswagen's emissions cheating scandal. (more...)
Stock Price of Abbott Laboratories (ABT) Increases 1.04%
- March 15, 2017

Brokerage houses, on average, are recommending investors to hold Dollar General Corporation (DG)'s shares projecting a $79.98 target price. Abbott Laboratories (NYSE:ABT) has price target of $48.111 for forthcoming year. The Sg Americas Securities Llc holds 1.28 million shares with $49.17 million value, down from 2.83 million last quarter. The shares were sold at an average price of $45.39, for a total value of $174,796.89. (more...)
Budget U-Turn As Chancellor Scraps National Insurance Hike On Self-Employed Budget U-Turn As Chancellor Scraps National Insurance Hike On Self-Employed
- March 15, 2017

But Mrs May insisted the Budget announcement was "consistent" with the lock on tax rises put into legislation shortly after the general election, when the Conservative manifesto promised there would be no rises in National Insurance, VAT or income tax for the next five years. (more...)
Oil slides as crude stocks mount, weighing on energy shares
- March 15, 2017

The market and investors will closely be watching Wednesday the Fed's interest rate decision. In Europe, the FTSE 100 index of leading British shares was up 0.2 percent at 7,373 while Germany's DAX was flat at 11,987. Premier Li Keqiang vowed to keep the yuan's exchange rate stable, saying there's no plan to devalue it to boost exports and said his government has no desire for a trade war. (more...)
GOP bill will push insurance costs 'down, down, down,' Trump says GOP bill will push insurance costs 'down, down, down,' Trump says
- March 15, 2017

NPR's Scott Horsley joins me now in the studio. It also puts a damper on numerous talking points Republican leaders have used to sell the plan, including the promise that the proposed measure would give Americans choice in their healthcare. (more...)
Volkswagen Said To Be Poring Over Fiat Chrysler's Books Volkswagen Said To Be Poring Over Fiat Chrysler's Books
- March 15, 2017

Marchionne has always been on a crusade for more mergers and greater partnership within the auto industry to share the huge cost of development of cleaner, more technologically advanced vehicles. Marchionne were to communicate his considerations to me too, and not just to you [the media]". After initially rising, shares in Fiat Chrysler Automobiles (FCA) closed down 0.3 per cent in Milan while VW shares fell 1.9 per cent in Frankfurt. (more...)
Oil Extends Decline as US Drilling Accelerates Amid OPEC Cuts Oil Extends Decline as US Drilling Accelerates Amid OPEC Cuts
- March 15, 2017

According to data from secondary resources, the OPEC remains in full compliance with the agreed production deal in February, after nearly full compliance with it in January. But the report revised up its estimate of oil supply from producers outside OPEC this year, as higher oil prices following the supply cut help spur a revival in US shale drilling. (more...)
BJP will not field any sitting councillor in MCD polls BJP will not field any sitting councillor in MCD polls
- March 15, 2017

According to sources, numerous sitting councillors have been promised tickets for the next Assembly elections and other posts in the organisation. The Congress won 77 out of the 117 seats in Punjab. "I have worked hard, but that has been nullified by today's decision", said a councillor. Mr. Tiwari added that the decision was a step towards realising Prime Minister Narendra Modi's vision for a "new India" driven by the power of the youth. (more...)
Trump Taps Scott Gottlieb to Lead FDA Trump Taps Scott Gottlieb to Lead FDA
- March 15, 2017

Bush, from 2005 to 2007. Scott Gottlieb, MD , is President Donald Trump's pick to head the Food and Drug Administration (FDA), according to several published media reports and a statement from the Senate health committee chairman. Any FDA commissioner must have the strength to stand up for the agency, and resist the "politicization" of its decisions, stressed Wood, a former FDA assistant commissioner for women's health, who was at the FDA at the same time as Gottlieb. (more...)
Trump to announce review of auto emissions and fuel efficiency rules Trump to announce review of auto emissions and fuel efficiency rules
- March 15, 2017

A formal notice by USA regulators to restart the review is expected to be made public on Wednesday. Top automaker executives are expected to be in attendance today. A Reuters report suggested that Trump may be set to announce a review of vehicle fuel efficiency rules that were put in place by the Obama administration. (more...)