Business


North Korea talk drags stocks lower; gold, yen rise North Korea talk drags stocks lower; gold, yen rise
- August 13, 2017

Reuters data show a 22 percent perceived chance for a rate hike after the Fed's December meeting. Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe was on track to post its largest weekly drop since the week before Donald Trump won the USA presidential election in November. (more...)
Markets extend losses as Korea tensions escalate
- August 13, 2017

During the session it sank to its lowest level since May. Wall Street indices opened modestly higher later on Friday as USA investors looked for an end to the three-day losing streak. Both have been escalating the tension and with either side threatening to attack the other, it has led to a risk off sentiment in the markets and it is only natural for the stock markets to drop under such circumstances. (more...)
NGL ENERGY PARTNERS LP (NGL) Rating Lowered to Strong Sell at BidaskClub
- August 13, 2017

It has underperformed by 35.13% the S&P500. NGL's SI was 1.53M shares in August as released by FINRA. The move comes after 6 months negative chart setup for the $1.21 billion company. Ladenburg Thalmann has "Buy" rating and $27 target. As per Friday, January 20, the company rating was upgraded by FBR Capital. NGL ENERGY PARTNERS LP had its "buy" rating reiterated by analysts at UBS. (more...)
Wall Street swings lower on North Korea fears Wall Street swings lower on North Korea fears
- August 13, 2017

Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman and the Dow Jones U.S. defense index was up 1.48 percent after hitting a record high . After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY. (more...)
Tesla Wants To Test Autonomous Semi Without A Human Driver Tesla Wants To Test Autonomous Semi Without A Human Driver
- August 13, 2017

Crestwood Advisors Group LLC acquired a new position in Tesla during the first quarter valued at approximately $101,000. National Pension Service now owns 101,985 shares of the electric vehicle producer's stock worth $28,344,000 after buying an additional 25,261 shares during the last quarter. (more...)
LLC Holds Position in UnitedHealth Group Incorporated (NYSE:UNH) LLC Holds Position in UnitedHealth Group Incorporated (NYSE:UNH)
- August 13, 2017

The stock increased 0.23% or $0.45 during the last trading session, reaching $193.02. 698,389 shares of the stock traded hands. Facebook Inc (NASDAQ:FB) has risen 26.75% since August 11, 2016 and is uptrending. Weiss Multi Strategy Advisers LLC's holdings in UnitedHealth Group were worth $1,814,000 as of its most recent SEC filing. Magnetar Financial invested in 0.34% or 154,837 shares. (more...)
Wall Street swings lower on Trump's warning against North Korea
- August 13, 2017

US stocks rose on Friday as Wall Street clawed back from a sharp decline in the previous session, though geopolitical uncertainty continued to be the focus for investors, contributing to weekly declines. Dow member Disney dropped 3.9 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business. Benchmark U.S. (more...)
Baidu, Inc. (NASDAQ:BIDU) Given Average Recommendation of "Buy" by Brokerages
- August 13, 2017

On Monday, June 19 the stock rating was maintained by Jefferies with "Buy". Several analysts recently issued reports on BIDU shares. J P Morgan Chase & Co reiterated a neutral recommendation and fixed a $190.00 target price on the stock of Baidu in a note on Fri, Apr 28th. (more...)
Asset Dedication LLC Takes Position in Enterprise Financial Services Corporation (NASDAQ:EFSC)
- August 13, 2017

The stock now has an average rating of "Hold" and an average target price of $48.21. The stock of Williams Companies Inc (NYSE:WMB) earned "Outperform" rating by Bernstein on Wednesday, May 11. 7,664 are held by Lombard Odier Asset Management (Europe). Amica Pension Fund Board Of Trustees holds 19,667 shares or 0.1% of its portfolio. Ancora Advisors holds 225 shares. (more...)
Cuts Position in Essex Property Trust, Inc. (NYSE:ESS)
- August 13, 2017

Waterfront Capital Partners purchased a fresh position in stocks of Columbia Property Trust during the Q1 valued $19,219,000. A number of other hedge funds have also recently added to or reduced their stakes in ESS . This dividend represents a yield of $2.64. The ex-dividend date is Wednesday, August 30th. Columbia Property Trust's dividend payout ratio (DPR) is 70.18%. (more...)
Bus catches fire, no casualties Bus catches fire, no casualties
- August 13, 2017

Immediately the driver stopped the bus stopped and the passengers who woke from their sleep ran towards the exit. "But by the time we could get there and put out the fire, nearly the entire interior of the bus was gutted", Ambattur fire station officer Muthukrishnan told Express. (more...)
BidaskClub Upgrades Genworth Financial Inc (GNW) to Sell
- August 13, 2017

The stock has an average rating of "Hold" and a consensus price target of $4.17. Traders will often use multiple moving averages to analyze a single security. ValuEngine raised Genworth Financial from a "strong sell" rating to a " sell" rating in a report on Friday, June 2nd. It's now trading about -29.41% below its 52-week high. (more...)
Potlatch Corporation (NASDAQ:PCH) Given Daily Media Impact Rating of 0.18 Potlatch Corporation (NASDAQ:PCH) Given Daily Media Impact Rating of 0.18
- August 13, 2017

Amica Pension Fund Board Of Trustees decreased Potlatch Corporation ( PCH ) stake by 63.07% reported in 2016Q4 SEC filing. Potlatch Corporation (NASDAQ:PCH) has risen 31.76% since August 11, 2016 and is uptrending. Bank of America downgraded the stock to "Underperform" rating in Tuesday, November 22 report. Finally, UBS AG lowered Potlatch Corporation from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 27th. (more...)
North Korea nerves push stocks to worst week since November North Korea nerves push stocks to worst week since November
- August 13, 2017

Navy base that includes a submarine squadron and a Coast Guard group, and an air base. Buying interest may be somewhat subdued, however, as the ever-escalating war of words between President Donald Trump and North Korea continues to raise geopolitical concerns. (more...)
United States stocks fall again on North Korea fears
- August 13, 2017

Investors also drew some encouragement from new government data showing USA inflation at the consumer level inched higher last month. The sabre-rattling - sparked when President Donald Trump stunned the world with an apocalyptic warning to unleash " fire and fury " on North Korea - continued Thursday as Pyongyang mocked the U.S. (more...)
Wall Street falls as investors flee risk on North Korea concerns
- August 13, 2017

The remarks followed a new report asserting that USA intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles. Simmering tensions between the US and North Korea continued to rattle investors, driving the VIX , a measure of how much volatility investors expect, to its highest level since May. (more...)
Ellington Residential Mortgage REIT (NYSE:EARN) Issues Earnings Results, Hits Estimates
- August 13, 2017

Ellington Residential Mortgage 's P/E ratio is 11.03 and the market cap is 175.98M. About 190,553 shares traded. Panagora Asset Mgmt Inc reported 0% in Ellington Residential Mortgage REIT (NYSE:EARN). The firm has "Neutral" rating by Citigroup given on Friday, August 12. The firm earned "Buy" rating on Tuesday, June 14 by UBS. Sell-side analysts also have something to say about this ARR . (more...)
San Juan Basin Royalty Trust (NYSE:SJT) Sees Significantly Higher Trading Volume
- August 13, 2017

The Firm operates through two divisions: Global Funds Transfer and Financial Paper Products. The Firm offers its services under the MoneyGram brand. About 87,953 shares traded. Investors sentiment decreased to 0.94 in Q4 2016. Its up 0.09, from 1.33 in 2016Q3. Enterprise Financial Services Corp boosted its stake in shares of San Juan Basin Royalty Trust by 4.8% in the second quarter. (more...)
Cantor Fitzgerald Comments on Amarin Co. plc's FY2017 Earnings (NASDAQ:AMRN)
- August 13, 2017

Institutional owners keep 38.20% hold Insiders owns 0.40% shares of the company. The main United States indices ended Friday's session weaker, as USA economic growth cooled to the slowest pace in three years in the first quarter and geopolitical concerns reemerged. (more...)
Japanese Yen Benefits as Geopolitical Tensions Rise Japanese Yen Benefits as Geopolitical Tensions Rise
- August 13, 2017

Crude oil prices extended their slide as exports from key OPEC producers rose, despite news of lower crude shipments from Saudi Arabia. The Russell 2000 index gave up 24.40 points, or 1.7 percent, to 1,372.54. Manuel Oliveri of Credit Agricole said about the single currency,"The euro has become more correlated to risk in recent weeks and sentiment is still a bit cautious", adding "though the euro upside trend is likely to remain intact over the longer term". (more...)
Time To Rake In Healthy Returns From Liberty TripAdvisor Holdings, Inc. (LTRPA)
- August 13, 2017

Sell-side analysts also have something to say about this LTRPA . Similarly, full-year EPS forecasts have ranged between $-0.24 and $-0.24. Bank of America Corp DE cut its position in shares of Liberty TripAdvisor Holdings , Inc. The company now has Return on Equity of 3.70%. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a ... (more...)
NPAs of telecom sector rises: Economic Survey NPAs of telecom sector rises: Economic Survey
- August 13, 2017

The gross revenue of Bharti Airtel , Vodafone India and Idea Cellular has seen a decline of 7.98%, 5.14% and 4.91% during the third quarter in 2016-17. The sector has debt of almost Rs 5 lakh crore and the banking sector - which pegs debt at Rs 7.29 lakh crore - is anxious that competition will lead to defaults. (more...)
Invesco Mortgage Capital Inc
- August 13, 2017

Four investment analysts have rated the stock with a hold rating , one has given a buy rating and one has assigned a strong buy rating to the stock. Investors sentiment decreased to 0.81 in Q4 2016. Its down -1.37, from 2.48 in 2016Q3. 0 funds opened positions while 1 raised stakes. More notable recent Western Asset Mortgage Capital Corp (NYSE: WMC ) news were published by: Seekingalpha.com which released: "Fake Dividend Spotted!" Shares of American Capital Mortgage Investment Corp. (more...)
Greenlight Reinsurance, Ltd. - (NASDAQ:GLRE) Traded Significantly Above Its 50 Day Average Greenlight Reinsurance, Ltd. - (NASDAQ:GLRE) Traded Significantly Above Its 50 Day Average
- August 13, 2017

Also, the number of funds holding Greenlight Capital Re LTD in their top 10 stock positions was flat from 0 to 0 for the same number. Finally, Karp Capital Management Corp purchased a new position in Greenlight Reinsurance during the first quarter worth about $213,000. (more...)
JM Smucker Company (The) (NYSE:SJM) Shares Sold by Clean Yield Group
- August 13, 2017

PA's holdings in J.M. Smucker Company (The) were worth $320,000 at the end of the most recent reporting period. Moreover, Falcon Point Capital Llc has 2.85% invested in the company for 792,647 shares. The ex-dividend date will be Wednesday the 9th of August 2017. J.M. Smucker Company (The)'s yield ratio (DPR) is presently 61.18%. COPYRIGHT VIOLATION NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. (more...)
Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B? Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?
- August 13, 2017

Tesla Model 3 , on the other hand, did not have a functional self-driving hardware when the first batches came out of the assembly line recently. Musk told analysts that the Model Y's production plan will be a step apart from what Tesla - or the rest of the industry - is now doing. (more...)
Wall St set to open flat after inflation data, N.Korea tensions Wall St set to open flat after inflation data, N.Korea tensions
- August 13, 2017

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38. The euro dipped 0.1 per cent to US$1.1737 (RM5.03) but the single European currency has been slipping this week against the dollar, having hit a more than 2 ½-year high of US$1.1892 on August 2. (more...)
Nikkei edges down ahead of holiday as investors warily eye North Korea
- August 13, 2017

Weakness in U.S. Treasury yields may also be supporting the yen, some analysts said. Chief market analyst at CMC Markets Micheal Hewson agreed that investors have become used to tensions between the US and North Korea in recent years, but the "inexperience" of the US President has led market participants to adopt a "safety-first" approach. (more...)
AECOM (ACM) Rating Reiterated by Canaccord Genuity
- August 13, 2017

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Webster Bank N.A. now owns 4,110 shares of the construction company's stock valued at $146,000 after buying an additional 1,170 shares in the last quarter. (more...)
FY2018 EPS Estimates for Enphase Energy, Inc. (ENPH) Lowered by Analyst FY2018 EPS Estimates for Enphase Energy, Inc. (ENPH) Lowered by Analyst
- August 13, 2017

The company is expected to issue its next earnings report on Tuesday, August 1st. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report -0.06 earnings per share . (more...)