share prices

US President Donald Trump signs an executive order as Vice President Mike Pence looks on at the White House in Washington, DC on January 20, 2017. (Photo credit: JIM WATSON/AFP/Getty Images)

President Donald Trump wasted no time in chipping away at the Patient Protection and Affordable Care Act (sometimes called “ACA” or “Obamacare”). Today, shortly after he was sworn in as the 45th President of the United States, President Trump signed an executive order giving the Department of Health and Human Services and “other executive departments and agencies” the authority and discretion to roll back certain aspects of the Affordable Care Act.

The order does not offer specifics. Rather, the order notes that the President intends to “seek the prompt repeal” of ACA. Pending the appeal, the order directs agency heads to “waive, defer, grant exemptions from, or delay the implementation of any provision or requirement of the Act that would impose a fiscal burden on any Sta te or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health insurers, patients, recipients of healthcare services, purchasers of health insurance, or makers of medical devices, products, or medications.”

share prices: General Motors Company(GM)

Advisors’ Opinion:


    IBM was among a number of companies Trump hit on the campaign trail for shipping jobs overseas. He accused the company of laying off 500 workers in Minneapolis and moving their jobs to India at a Minnesota rally just a day before the election. He made similar attacks against Ford (F) , Apple (AAPL) and General Motors (GM) , among others.

  • [By Laurie Kulikowski]

    We rate GENERAL MOTORS CO as a Buy with a ratings score of B. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company’s strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had sub par growth in net income. 


    French auto-maker Peugeot’s (PEUGF) shares rose sharply in Paris on Tuesday on news that General Motors (GM) is in advanced talks with its French rival  over its European brands Opel and Vauxhall.


    The market is rightly worried about General Motors Co. (GM) hitting the peak of the latest car-buying cycle, but its overdoing its concerns. It feels like GM stock has been discounted for a worst-case scenario, if not more.

share prices: Sears Holdings Corporation(SHLD)

Advisors’ Opinion:


    Sears Holdings (SHLD) makes a new low. (See Surprise #1 in my Surprise List).

    There will be no “Trade of the Week” this week — it’s too short!


    Forecast store closings: Kmart 175 to 225, Sears 100 to 125 Number of U.S. stores: 2,118 One-year stock performance: 8.8% Both Sears and Kmart have been going down the tubes for a long time, steadily losing their middle-income shoppers to retailers such as Walmart (WMT) and Target (TGT). Sears Holding’s (SHLD) same-store sales have declined for six years. In the most recent year, same-store sales at the namesake franchise fell by 1.6% and at Kmart by 3.7%. The company is already in the process of downsizing its brick-and-mortar presence. In 2012, Sears announced it was shutting 172 stores. CEO Lou D’Ambrosio is leaving in February, to be replaced by Chairman and hedge-fund manager Edward Lampert, who has minimal operating experience in retail management.

  • [By Leo Sun]

    First, Macy’s revenue has fallen annually for seven straight quarters. Its plans to close 100 stores and cut 10,000 jobs might tighten up its margins, but that won’t drive more customers back to its stores, especially when Amazon’s 2016 holiday sales hita record high. Macy’s online business is growing by the double digits, but it only accounts for about a fifth of its top line. Moreover, Macy’s is merely following the path of Sears Holdings (NASDAQ:SHLD) and J.C. Penney– closing stores couldn’t save those dying mall anchors, and it probably won’t save Macy’s.

  • [By Ben Levisohn]

    RBC’sRich Moore andJames Bambrick explain why Sears Holdings’ (SHLD) decision to cancel the leases on 17 stores could be good news forSeritage Growth Properties (SRG), the real-estate investment trust spun out of the beleaguered department-store chain:

    Associated Press

    On September 16, Seritage announced that Sears Holdings (NASDAQ: SHLD) has exercised its right under the Master Lease to terminate 17 leases with Seritage. The 17 leases encompass 1.7 million square feet and account for ~$5.8 million, or 2.8% of Seritage’s total annualized base rent. Pursuant to the Master Lease terms, which are described in detail below, Sears Holdings has given Seritage 90-120 days’ notice that the tenant intends to vacate the 17 properties in January 2017. Once Sears Holdings vacates the properties,Sears is required pay Seritage a termination fee equal to one year of rent, CAM, and taxes. All 17 of the stores are Kmarts with average rent under $4/SF. Importantly, very little of the lost space has to be re-leased in order to recoup the $5.8 million ofSears rent given that leasing spreads on the space are expected to be significant, in line with the spreads the company has achieved on the 30 projects currently in redevelopment.

    Management indicated that the company has been in extensive discussion withSears regarding potential lease terminations within the portfolio. As such, many of these 17 properties were already in the Seritage pipeline for potential redevelopment. Management of Seritage will not identify these assets individually until they are added to the redevelopment pipeline in order to protect the sensitivity surrounding potential store closures by Sears. The announcements regarding individual store closings will likely come directly fromSears and are slated to begin today. This batch of 17 closures likely represents the extent of planned store closings bySears in the near future. We would not expect additional

  • [By Douglas A. McIntyre]

    There have been rumors Sears Holdings (NASDAQ: SHLD) will close its Kmart division. Sears has denied them as it continues to close scores of stores. Moody’s has observed Sears cannot survive without outside capital. The situation is dire enough that poor holiday results will likely ruin the company, which was formed in 2005.

share prices: Deer Valley Corporation (DVLY)

Advisors’ Opinion:


    Deer Valley (OTCPK:DVLY)

    This company manufactures factory-made homes which are marketed to 14 states in the US. After the financial crisis it has been able to pick up its operations and continue to create sustainable free cash flow and increasing profits. It might be that another similar shock to housing is not necessarily around the corner and therefore they could sustain this in the foreseeable future.

share prices: Gibraltar Industries, Inc.(ROCK)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, basic materials shares fell by 0.82 percent. Meanwhile, top losers in the sector included Gibraltar Industries Inc (NASDAQ: ROCK), down 9 percent, and Yamana Gold Inc. (USA) (NYSE: AUY), down 9 percent.

  • [By Lisa Levin]

    On Friday, the basic materials sector proved to be a source of strength for the market. Top gainers in the sector included LSB Industries, Inc. (NYSE: LXU), Ferro Corporation (NYSE: FOE), and Gibraltar Industries Inc (NASDAQ: ROCK).

share prices: Costco Wholesale Corporation(COST)

Advisors’ Opinion:


    This one could be the easiest of advances, both because credit losses are down big and because its credit-card brethren — Capital One Financial, Discover, Visa (V) and MasterCard (MA) — have all had significant rallies. I actually regard this stock as inexpensive and think it can be bought here now that it has fully absorbed the loss of the Costco (COST) business to Visa and Citigroup (C) .

  • [By Chris Lange]

    Costco Wholesale Corp. (NASDAQ: COST) released fiscal first-quarter earnings report after markets closed on Wednesday. The company posted $1.24 in earnings per share (EPS) and $28.1 billion in revenue. The consensus estimates from Thomson Reuters called for $1.19 in EPS and $28.3 billion in revenue. The same period of last year reportedly had EPS of $1.09 and $27.22 billion in revenue.

  • [By Ben Levisohn]

    Wells Fargo’s Julian Grooverexplains that the worst may be over for grocery stores–think companies like Kroger (KR)–in their battle with superstores like Costco Wholesale(COST) and Wal-Mart Stores (WMT). They explain why:


    Meanwhile, shares of Costco (COST) , an Action Alerts PLUS holding, were up 1.9% as analysts re-established their bullish stance on the retailer.

    While both of those upgrades were made on backs of solid fundamentals, Cramer noted that others were less so.

share prices: Intuit Inc.(INTU)

Advisors’ Opinion:

  • [By Monica Gerson]

    Intuit Inc. (NASDAQ: INTU) reported upbeat results for its third quarter and raised its FY16 guidance. Intuit shares dropped 2.15 percent to $105.00 in the after-hours trading session.

  • [By Alex Jordon]

    A variety of acquisitions ramps up Oracle’s presence in cloud computing, like deals with RightNow, Taleo, and Eloqua. The annual run-rate of their cloud business is already over $1 billion, larger than Workday (WDAY) and SAP (SAP) combined. New customers include British Telecom (BT), BMC Software (BMC), Siemens (SI), Yahoo (YHOO), and Intuit (INTU).

  • [By Shauna O’Brien]

    Morgan Stanley reported on Wednesday that it has downgraded financial management solution provider Intuit Inc. (INTU).

    The firm has cut its rating on INTU to “Underweight,” and has given the company a $62 price target. This price target suggests a 6% decline from the stock’s current price of $66.30. This downgrade reflects the company’s slowing growth of its tax business.

    Intuit shares were mostly flat during pre-market trading Wednesday. The stock is up 11% YTD.

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