Money


India's current account deficit widens to highest since Manmohan Singh government India's current account deficit widens to highest since Manmohan Singh government
- September 15, 2017

India's exports grew by 10.29 percent on a yearly basis to Dollars 23.81 billion in August on account of rise in shipments of engineering, petroleum, chemicals and pharmaceuticals products, official data released on Friday showed. Analysts expect the current account deficit to narrow as exports pick up, but capital flows are likely to slow as the foreign investment limits for debt have been fully used up. (more...)
Bitcoin is a fraud that will blow up, says JP Morgan boss Bitcoin is a fraud that will blow up, says JP Morgan boss
- September 15, 2017

Morgan CEO Jamie Dimon dubbed bitcoin a "fraud," arguing that it was a matter of time before world governments began taking action against digital coins . A recent example, would be the real estate crash in 2008 that led to the period of recession across the globe. Bitcoin is up from $250 per unit at the end of 2015 to around $4,200. (more...)
Verizon Communications Inc. (VZ) Shares Bought by Argus Investors Counsel Inc
- September 15, 2017

Finally, Brookfield Asset Management Inc. bought a new position in shares of Verizon Communications in the 2nd quarter valued at approximately $1,139,000. It fall, as 72 investors sold BHI shares while 205 reduced holdings. Shares have risen 41.77% over the trailing 6 months. Park National Oh owns 192,182 shares for 0.62% of their portfolio. (more...)
Taking a Look Under the Hood at Gilead Sciences Inc (GILD) Shares Taking a Look Under the Hood at Gilead Sciences Inc (GILD) Shares
- September 15, 2017

D L Carlson Investment Group Inc who had been investing in Gilead Sciences for a number of months, seems to be bullish on the $110.35B market cap company. A beta of 1 would indicate that the stock price moves with the market. Among 21 analysts covering Tesaro Inc ( NASDAQ:TSRO ), 12 have Buy rating, 1 Sell and 8 Hold. (more...)
22nd Century Group, Inc. (XXII)
- September 15, 2017

Equity research analysts have forecasted the stock level. Stock analysis is mainly of two types: one is fundamental and the other is technical. The stock's market capitalization is $256.90 million. As a result, shareholders under-react when stock prices approach the 52-week high, and as a result, contrary to most shareholders' expectations, stocks near their 52-week highs tend to be systematically undervalued. (more...)
American Airlines Group, Inc. (AAL) Upgraded by BidaskClub to American Airlines Group, Inc. (AAL) Upgraded by BidaskClub to "Sell"
- September 15, 2017

A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. The counter witnessed a trading volume of 0.82 million shares versus an average volume of 0.32 million shares during last trading session. (more...)
Notable Runner: Hormel Foods Corporation (HRL)
- September 15, 2017

It has underperformed by 18.23% the S&P500. Motco decreased Wells Fargo & Co New (WFC) stake by 98.3% reported in 2016Q4 SEC filing. SHEFFIELD KATHY I sold $730,600 worth of stock. The rating was downgraded by Credit Suisse to "Hold" on Friday, August 25. They issued an outperform rating for the company. Hormel Foods Corporation now has a consensus rating of "Hold" and a consensus price target of $38.36. (more...)
Valero Energy Corporation (NYSE:VLO) Holdings Trimmed by Westpac Banking Corp Valero Energy Corporation (NYSE:VLO) Holdings Trimmed by Westpac Banking Corp
- September 15, 2017

Tuttle Tactical Ltd reported 4,719 shares. Howe & Rusling Incorporated stated it has 0% of its portfolio in Valero Energy Corporation (NYSE: VLO ). It has underperformed by 1.41% the S&P500. Shares of Valero Energy Corporation (NYSE:VLO) traded up 0.79% during midday trading on Friday, hitting $70.49. Therefore 65% are positive. RBC Capital Markets has "Buy" rating and $77.0 target. (more...)
Park goes two clear at Evian Championship Park goes two clear at Evian Championship
- September 15, 2017

Korda, who's been battling a forearm injury all season that forced her to withdraw from the Women's British Open and Solheim Cup , gained new fans after sarcastically tweeting her "excited" response to the LPGA scraping first round scores. (more...)
NY tightens transportation security following London subway explosion NY tightens transportation security following London subway explosion
- September 15, 2017

But law enforcement and government officials are on guard. The governor strongly condemned London terrorist attack and said New York State remains in close contact with U.S. "We remain vigilant and prepared for threats such as this", the DHS spokesperson said when asked about the need for additional measures to prevent such incidents in the United States. (more...)
Analysts' Recommendations in Limelight: Eldorado Gold Corp (EGO) Analysts' Recommendations in Limelight: Eldorado Gold Corp (EGO)
- September 15, 2017

Its beta value stands at 1.24. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. (more...)
New Jersey unemployment rate climbs to 4.5 percent New Jersey unemployment rate climbs to 4.5 percent
- September 15, 2017

In August, the US jobless rate stood at 4.4 percent, up one-tenth of a percentage point from July but down five-tenths of a percentage point from August 2016. July's unemployment rate was 3.1%. The Massachusetts unemployment rate presently stands two-tenths of a percent below the national average. The rate had plummeted in the first five months of the year after ending 2016 at 4.1 percent. (more...)
NVIDIA Corporation (NASDAQ:NVDA)'s stock price target raised to $250; Evercore ISI NVIDIA Corporation (NASDAQ:NVDA)'s stock price target raised to $250; Evercore ISI
- September 15, 2017

The stock now has an average rating of "Buy" and a consensus target price of $93.58. TH Capital reinitiated NVIDIA Corporation (NASDAQ: NVDA ) on Monday, October 12 with "Neutral" rating. The institutional investor held 189,483 shares of the semiconductors company at the end of 2016Q4, valued at $20.23M, down from 247,029 at the end of the previous reported quarter. (more...)
Markets ward off North Korea missile scare, finish flat Markets ward off North Korea missile scare, finish flat
- September 15, 2017

Mumbai: North Korea's latest missile test that flew in the face of United Nations sanctions kept the market on its toes as the Sensex on Friday ended with a measly gain, helped by a flurry of late buying. Pharma and realty indices slipped over 1 per cent. Pharma majors Dr Reddy's, Sun Pharma , Cadila and Cipla were in the red. The S&P BSE Mid-Cap index and the S&P BSE Small-Cap index were down 0.47 per cent and 0.14 per cent, respectively. (more...)
Schlumberger NV (SLB) Expected to Announce Earnings of $0.42 Per Share Schlumberger NV (SLB) Expected to Announce Earnings of $0.42 Per Share
- September 15, 2017

The Cobiz Investment Management Llc holds 58,128 shares with $4.88 million value, down from 61,949 last quarter. Schlumberger Ltd now has $93.12B valuation. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Baker Hughes, a GE company (NYSE:BHGE) ended its day at $36.38 with the rising stream of 0.80% and its total traded volume was 4.79 million shares more than the average volume. (more...)
Euston Trains Cancelled After Huge Warehouse Fire In Harrow Euston Trains Cancelled After Huge Warehouse Fire In Harrow
- September 15, 2017

Police have cordoned off roads near Parsons Green Tube station and have warned people to "avoid the area" completely following an explosion on a train. Network Rail said the fire at a timber yard had damaged a trackside retaining wall. The fix works caused chaos for commuters for most of the day. (more...)
Heads roll at KPMG after Gupta investigation Heads roll at KPMG after Gupta investigation
- September 15, 2017

As articulated by Andrew Cranston, a senior partner for the KPMG global network, and now interim chief operating officer, the mandate around the report originally involved an extensive document investigative review and collation of the documentation. (more...)
U.S. retail sales miss forecasts in August U.S. retail sales miss forecasts in August
- September 15, 2017

Economists polled by Reuters had forecast retail sales nudging up 0.1 percent. Sales for the category which includes Amazon fell back 1.1% during the month. Survey evidence suggests solid confidence among consumers which should underpin spending over the next few months. Although the weak sales report was unexpected, it's doubtful that the Federal Reserve will shrink its $4.2 trillion portfolio of Treasury bonds and securities at its policy Meeting Sept 19-20. (more...)
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Noteworthy Mover Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Noteworthy Mover
- September 15, 2017

Jpmorgan Chase Co has invested 0% in Carrizo Oil & Gas Inc (NASDAQ: CRZO ). For the quarter, shares have been noted at -44.18%. The California-based Pacific Global Investment Management Co has invested 1.33% in the stock. Therefore 67% are positive. Zacks Investment Research raised shares of Carrizo Oil & Gas from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a research report on Friday, January 13th. (more...)
Kennedy Capital Management Inc. Purchases Shares of 253417 Green Plains, Inc. (GPRE)
- September 15, 2017

BB&T Capital initiated Green Plains Inc (NASDAQ:GPRE) on Thursday, November 19 with "Buy" rating. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company's stock valued at $100,000 after buying an additional 270 shares during the last quarter. (more...)