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[ July 27, 2016 | Author: Admin | Views: 52907 | Weather: | Mood: normal]

The market matched the dreary weather in New York today, as stocks fell for first time in April. Michael Nagle/Bloomberg News The S&P 500 declined 0.3% to 2,066.13, while the Dow Jones Industrial Average fell 55.75 points, or 0.3%, to 17,737.00. The Nasdaq Composite dropped 0.5% to 4,891.80. As earnings season approaches–Alcoa (AA) is set to release their results after the close on April 11–BofA Merrill Lynch strategist Savita Subramanian and team note that earnings revisions are getting better: The three-month ratio of positive vs. negative estimate revisions (ERR) ticked up in March to 0.53 from 0.47 in February, its first improvement since July. The one-month ratio climbed to 0.77 from 0.54, its second consecutive month of improvement. Both suggest that analysts are still cutting more estimates than they are raising, but the pace of cuts has slowed. Given that the ERR is still below its long-term average of 0.85, … Continue reading

[ July 27, 2016 | Author: Admin | Views: 88243 | Weather: | Mood: normal]

USD/CAD is trading at 1.2882, down 0.0027. The pair continues to trade just above the lows of the session. Statistics Canada reported that May manufacturing sales fell 1.0 percent versus rise of 1.0 percent in April. Market chatter about global headline news and U.S. economic is making the rounds. Posted-In: Canadian dollar USD/CADFutures Forex Markets © 2016 Benzinga does not provide investment advice. All rights reserved.   Related Articles U.S. Dollar Index Little Higher, Core CPI Improves PNC Financial Q2 Earnings Top, Revenue Miss Expectations Superior Energy Price Target Raised 53% At Imperial Capital, Upgraded Goldman Sachs Sees 'Limited Upside' In Teva Regardless Of Acquisition Results Top 5 Construction Stocks To Watch Right Now: Hatteras Financial Corp(HTS)   Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT) in the United States. It invests primarily in single-family residential mortgage real estate assets, such as mortgage-backed securities … Continue reading

[ July 27, 2016 | Author: Admin | Views: 40637 | Weather: | Mood: normal]

Related InterCloud Systems Wins Contracts Worth Over $3.6M InterCloud Gains 27%, Company Announces Sale Of Certain Assets For $24 Million Related NTIC Stocks Hitting 52-Week Highs Earnings Scheduled For January 7, 2015 Rite Aid Corporation (NYSE: RAD) is estimated to report its quarterly earnings at $0.06 per share on revenue of $8.40 billion. CarMax, Inc (NYSE: KMX) is projected to report its quarterly earnings at $0.71 per share on revenue of $3.68 billion. ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.59 per share on revenue of $2.86 billion. 10 Best Recreation Stocks To Buy For 2016: L.B. Foster Company(FSTR)   L.B. Foster Company manufactures, fabricates, and distributes products and services for the rail, construction, energy, and utility markets worldwide. Its Rail Products and Services segment offers new rail primarily for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, … Continue reading

[ July 27, 2016 | Author: Admin | Views: 40710 | Weather: | Mood: normal]

Tesla Motors (TSLA) garnered a ton of goodwill among investors with the successful unveiling of the Model 3 last week. Today, the upstart automaker squandered some of it after reporting fewer deliveries during the first three months of the year than it had originally forecast. Associated Press Tesla has said it would deliver 16,000 cars during the first quarter but managed to deliver only 14,820, including 12, 420 Model S coups and 2,400 Model X SUVs. Tesla blamed the shortfall on a lack of parts during January and February and its own “hubris in adding far too much new technology to the Model X in version 1, insufficient supplier capability validation, and Tesla not having broad enough internal capability to manufacture the parts in-house,” according to the press release. It still expects to deliver between 80,000 and 90,000 cars in 2016. Hot Mid Cap Companies To Invest In Right Now: … Continue reading

[ July 27, 2016 | Author: Admin | Views: 66319 | Weather: | Mood: normal]

The only thing worse than analysts blowing a big call are analysts downgrading a stock after blowing the big call. That’s why I have to give grudging credit to Deutsche Bank’s Gregg Gilbert, who refused to downgrade Buy-rated Endo International (ENDP), despite last Friday’s disastrous guidance and 40% plunge. Gilbert explains why he’s standing by his Buy: Endo surprised us and the market with a 16 outlook that was far lower than expected, based primarily on generic competitive and pricing pressures, mixed in with some other factors. Against the backdrop of Specialty Pharma sentiment that has been awful, an intense and emotionally-charged sell-off continues. As hard as it is to step back and take a look at the story with a clean slate from a new level, we do not see the justification to downgrade the stock when we see the potential for it to be significantly higher in 12 … Continue reading