Category Archive: Finance, No picture
Yum China Rises After Reportedly Spurning $46 Per Share Takeover Bid
Shares of Yum China (YUMC) are on the rise following a media report saying the company has rejected a buyout offer of $46 per share made by a consortium led by Hillhouse Capital. Earlier this month, Bloomberg had reported that China’s sovereign wealth fund, China Investment Corp., was part of the consortium bidding to take […]
Stocks Rally As U.S. & Mexico Form A Preliminary Trade Agreement
Monday was an amazing day for equities as the S&P 500 increased 0.77% and the Nasdaq increased 0.91%. The Russell 2000 was only up 0.16% because the catalyst for the ‘risk on’ trade was the trade deal between America and Mexico. Large caps are helped by trade more than small caps. The timing of the […]
Phibro Animal (PAHC) Q4 Earnings Beat, Sales Improve Y/Y
Phibro Animal Health Corporation PAHC reported adjusted earnings per share (EPS) of 46 cents in the fourth quarter of fiscal 2018, up 17.9% year over year. Adjusted EPS surpassed the Zacks Consensus Estimate of 44 cents. According to the company, the year-over-year improvement was primarily driven by higher gross profit, reduced interest expenses as well as a […]
Trade Deficit Widens 6.3% To $72.2 Billion, Worse Than Expected
Economists expected the trade deficit to widen, but the report was outside the range of any estimate. The Advance Economic Trade Report (Goods Only), shows The international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion in June. Exports of goods for July were $140.0 billion, $2.5 billion less than June exports. […]
Softening U.S. Consumer Confidence To Fuel EUR/USD Rate Recovery
TRADING THE NEWS: U.S. CONSUMER CONFIDENCE A downtick in the U.S. Consumer Confidence survey may fuel the recent weakness in the dollar as it casts doubts for four Fed rate-hikes in 2018. Recent markets from Chairman Jerome Powell suggest the Federal Open Market Committee (FOMC) will continue to normalize monetary policy as ‘further gradual increases in the target range […]
Home Prices Continue To Rise In June
With today’s release of the June S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.12% month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years. Today’s S&P/Case-Shiller National Home Price Index (nominal) reached another […]
The Tax Drag On MLP Funds
MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check on this. Watch this video to learn more about the impact of these taxes on fund returns. Running length 00:01:48
Consumer Confidence Highest Since October 2000
The latest Conference Board Consumer Confidence Index: The headline number of 133.4 was an increase from the final reading of 127.9 for July, an upward revision from 127.4 and its highest since October 2000. Today’s number was above the Investing.com consensus of 126.7. “Consumer confidence increased to its highest level since October 2000 (Index, 135.8), following a modest […]
Best Buy (BBY) Tops Q2 Earnings And Revenue Estimates
Best Buy (BBY – Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.64%. A quarter ago, it was expected […]
Don’t Curse The Dark, Buy Hedge Funds
Seventeenth century theologian Thomas Fuller started a meme when he wrote “It is always darkest just before the Day dawneth.” Reverend Fuller could have been a stock analyst, for even in the deepest of funks, a stock’s prospects could be bright. Let’s focus on the condition “could be.” Sure, the fundamentals have to be […]
