The Institute for Supply Management (ISM) said that manufacturing activity expanded robustly in December, with new orders increasing at their fastest pace since January 2004.
The figures suggest manufacturing strength will persist into early 2018, even after the ISM's semi-annual survey of purchasing managers published last month showed factories anticipate growth in capital spending to slow this year.
The production index gained almost two points to 65.8 per cent, while new orders surged 5.4 points to 69.4 per cent, the strongest since January 2004 and marking seven straight months above 60. The production index also increased, rising to 65.8% from 63.9%, while the supplier deliveries index rose to 57.9%, the inventories index went up to 48.5% and the prices index hit 69%, rising from 65.5%.
Two readings of the nation's manufacturing sector showed solid increases in December with one showing the strongest growth in almost three years while another report showed construction spending hit a record high.
Baxter International Inc (NYSE:BAX): Stock Sentiment Westfield Capital Management Company Lp bought 196,219 shares as the company's stock declined 2.52% while stock markets rallied. It worsened, as 41 investors sold VR shares while 71 reduced holdings. 21 funds opened positions while 56 raised stakes.
Hold stock rating to see: Tandem Diabetes Care, Inc. (TNDM) Sprint Corporation (NYSE:S)'s ATR-14 is at 0.18, while its weekly volatility is at 4.01% and monthly volatility is at 3.04%. Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return.
"The only mild disappointment here is a 2.7-point dip in the employment component, but it's still high at 57.0, and overall this is a very strong report". "However, the strengthening of demand for raw materials has led to supply chain delays, which have in turn been increasingly linked to higher prices as a sellers' market develops". Any reading above 50 indicates growth in the sector. "The customers' inventories index declined and remains at low levels". Ten industries reported growth while one of the eighteen reported a decrease in new export orders.
New business received by manufacturers continued to rise in December, with the rate of expansion accelerating to a ten-month high.
Read the ISM release. The headline number in the latest survey was boosted by healthy gains in new orders (up from 64.0 to 69.4), as noted above. Coming in at 59.7 percent, the PMI grew by 1.5 points from November and exceeded the 2017 average of 57.6.
Bloys also talked about the upcoming five " Game of Thrones " prequels, which are now in development on the network. Game of Thrones season eight will be the HBO show's final and, unfortunately for fans, won't air until 2019 .
After $1.08 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 12.04% EPS growth. It worsened, as 53 investors sold ALB shares while 158 reduced holdings. 77 funds opened positions while 161 raised stakes.
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $517.32M. Following the completion of the transaction, the director now owns 40,022 shares in the company, valued at $680,374.
The firm owned 952,984 shares of the data storage provider's stock after buying an additional 208,494 shares during the period. Shares for $2.14 million were sold by SANDERS WAYNE R. $2.13M worth of stock was sold by CARP DANIEL A on Friday, October 27.
Western wildfires fanned by heat racked up $18 billion in damage, triple the previous USA wildfire record, according to NOAA. But the cost and death tolls are expected to climb as new data on Puerto Rico's post-hurricane destruction emerge.
SRB Corp now owns 423 shares of the company's stock worth $153,000 after buying an additional 25 shares during the last quarter. After $-0.29 actual EPS reported by Sigma Designs, Inc. for the previous quarter, Wall Street now forecasts -44.83% EPS growth.
That's down from some 1,600 factory and office jobs when Carrier announced plans in early 2016 to move production to Mexico. About 215 people are being let go starting Thursday, leaving about 1,100 workers at the plant, according to the company.
A 2010 study discovered gamma-ray "bubbles" that extend some 50,000 light-years end-to-end from the center of our galaxy. Astronomers have caught a massive black hole letting out a "double burp" after bingeing on hot gas.
WR Drake Stoops Commits to Oklahoma
Mike Stoops - Drake's uncle and the current defensive coordinator of the Sooners - shared in the excitement. Oklahoma added a preferred walk-on with a familiar last name on Friday morning: Drake Stoops .
'Heavyweights' Salami Sam Dead at 36
The plot revolved around a fat camp for kids that is taken over by a fitness obsessive called Tony Perkis (Stiller). Miller's mother, Patricia , tells us her son died in his sleep Tuesday in Chicago.
Scorpio Tankers Inc. (STNG), Oclaro, Inc. (OCLR)
It is negative, as 48 investors sold KO shares while 641 reduced holdings. 95 funds opened positions while 241 raised stakes. Immunomedics, Inc. (IMMU) exchanged hands at an unexpectedly low level of 2.67 million shares over the course of the day.
Reduces Position in Procter & Gamble Company (The) (PG)
Expedia, Inc., together with its subsidiaries, operates as an online travel firm in the United States and internationally. Opus Capital Group Llc decreased Kforce Inc (NASDAQ:KFRC) stake by 49,575 shares to 160,918 valued at $3.25M in 2017Q3.
Suspect on the run after shooting, wounding Tenn. officer
Wilson is wanted by the Knoxville Police and the TBI to face a charge of attempted first degree murder of a police officer. Prayers for our KPD brother in blue suffering from a gunshot wound after an East Knoxville traffic stop.
Palestinian youth martyred in occupied West Bank
Her mother Nariman, was also arrested when she visited Ahed at an Israeli police station, Al Jazeera reported. Israeli military raids into Palestinian cities, towns, and refugee camps are a near daily occurrence.