Market News
EPA Action Highlights Fiat's Financial Weakness
Wall Street Journal - 13 Jan 2017 19:50
It's still early in Fiat Chrysler's regulatory drama, but it looks like the company is in a better position versus the regulators than Volkswagen. It's the company's finances that make it vulnerable.
Bank of America tops earnings forecast, predicts 'significant increase' in net interest income
CNBC - 13 Jan 2017 15:25
Analysts polled by Reuters expected Bank of America to report fourth quarter earnings of 38 cents a share on revenue of $20.85 billion.
Scandal-plagued Wells Fargo finishes tough year with weak earnings; shares fall
CNBC - 13 Jan 2017 15:16
Wells Fargo posted fourth-quarter earnings Friday that missed on the top and bottom lines, sending shares lower nearly 1 percent.
The Year That Was: Dr Pepper Snapple
Forbes - 13 Jan 2017 21:57
The perpetual third behind Coca-Cola and PepsiCo in the U.S. carbonated soft drinks market, Dr Pepper Snapple had a solid 2016. Steady organic growth even in the declining segment of U.S. CSDs, coupled with a strong non-...
Friday Sector Leaders: Healthcare, Technology & Communications
Forbes - 13 Jan 2017 21:32
In afternoon trading on Friday, Healthcare stocks are the best performing sector, higher by 0.5%. Within that group, Waters Corp. (NYSE: WAT) and Patterson Companies Inc (NASD: PDCO) are two of the day's stand-outs, show...
Friday Sector Laggards: Energy, Utilities
Forbes - 13 Jan 2017 21:32
In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.5% loss. Within that group, Cabot Oil & Gas Corp. (NYSE: COG) and Marathon Petroleum Corp. (NYSE: MPC) are two of the day's lagga...
Consumers Confident but Not Enough to Spend
Wall Street Journal - 13 Jan 2017 21:25
Americans say they're feeling more upbeat about the economy. Retailers will be forgiven if they don't quite believe that. Retail sales rose 0.6% in December, a result that fell slightly short of economists' forecasts.
Starbucks Is Ending Its 'Evenings' Beer And Wine Program
Forbes - 13 Jan 2017 20:34
People walk past a Starbucks Coffee shop in Washington, DC, December 21, 2016. (SAUL LOEB/AFP/Getty Images) Starbucks' has stopped selling beer and wine at more than 400 of its stores in the U.S. as the company ends its ...
Trump Rally Artificially Boosted Tutor Perini's Valuation
Forbes - 13 Jan 2017 20:00
Since the presidential election, the S&P 500 is up 6%, the Dow is up 9%, and the Nasdaq is up 5%. Tutor Perini (TPC) is up 49% on the shoulders of the "Trump rally," but the economics of this business cannot justify this...
Endo International is Now Oversold (ENDP)
Forbes - 13 Jan 2017 18:59
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indi...
Investing In Times Of Uncertainty
Forbes - 13 Jan 2017 18:40
Legendary investor Howard Marks once said about investing in uncertain times, "Move forward, but with caution". The year 2016 would definitely be regarded as a year full of uncertainties and surprises. Events in Britain,...
SJW Stock Crowded With Sellers
Forbes - 13 Jan 2017 18:29
In trading on Friday, shares of SJW Group (NYSE: SJW) entered into oversold territory, changing hands as low as $50.835 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a techni...
When The Underlying Parts Themselves Are Real Growing Jewels: 3 Undervalued Stocks To Buy Right Now
Forbes - 13 Jan 2017 17:58
Chris Davis: Wally, we're pleased to now offer an investment solution that has not been widely available: proven active management in a traditional ETF. Davis Advisors now manages three actively managed ETFs: Davis Selec...
Investor Optimism Pulls Back, But Stays Above Historical Average
Forbes - 13 Jan 2017 16:22
The percentage of investors describing themselves as bullish pulled back to a five-week low in the latest AAII Sentiment Survey.
Best Buy Reaches Analyst Target Price
Forbes - 13 Jan 2017 16:20
In recent trading, shares of Best Buy Inc (NYSE: BBY) have crossed above the average analyst 12-month target price of $44.04, changing hands for $44.23/share. When a stock reaches the target an analyst has set, the analy...
Symantec Reaches Analyst Target Price
Forbes - 13 Jan 2017 16:20
In recent trading, shares of Symantec Corp (NASD: SYMC) have crossed above the average analyst 12-month target price of $25.69, changing hands for $25.70/share. When a stock reaches the target an analyst has set, the ana...
JPMorgan Caps Record Year Of Profit With Q4 Boosted By Rate Spike
Forbes - 13 Jan 2017 16:20
JPMorgan posted a 24% surge in fourth quarter earnings, capping off a record year of profits, as the firm's focus on expenses paid off in a quarter where its trading business picked up steam and its top line was bolstere...
Wells Fargo Closes Its Troubled 2016 By Whiffing On Fourth Quarter Sales, Earnings
Forbes - 13 Jan 2017 16:14
With the release of its fourth quarter earnings report Friday morning, Wells Fargo is closing the books on its troubled 2016 -- but if the numbers within the report are any indication, the effects of the scandal could li...
Money in the bank: Booming consumer business pushes JPMorgan past Street forecasts
CNBC - 13 Jan 2017 15:45
Record credit card sales helped move JPMorgan Chase's quarterly earnings well past analysts' expectations.
Retailing Conundrum: Is There A Way Out Of The Rut For Brick And Mortar Stores?
Forbes - 13 Jan 2017 15:38
Declining mall traffic and low prices offered by fast fashion retailers have been crushing apparel retailers. Earlier in the month, news surfaced regarding the shuttering of retailer The Limited. This news comes on the b...
How Chipotle Mexican Grill Plans To Drive Revenues In 2017
Forbes - 13 Jan 2017 15:34
The year 2017 has started on a positive note for Chipotle Mexican Grill (NYSE: CMG). The company reported a nearly 15% increase in same store sales for December 2016, indicating that it is finally seeing some positive tr...
BlackRock earnings top Wall Street's expectations as firm boosts dividend
CNBC - 13 Jan 2017 15:24
BlackRock, the world's largest asset management firm, reports mixed fourth-quarter results.