Two initial public offerings (IPOs) made it into the public markets last week, with insiders taking about two-thirds of the shares on offer. Next week’s action includes a cable TV operator, three REITs, and three blank-check companies.
Biotech firm Athenex Inc. (NASDAQ: ATNX) raised $66 million selling 6 million shares at $11, the low end of the expected price range. The shares got....More>>>
The day started out strong, but as time passed, the bullishness faded and the bears dug in. By the time the closing bell rang, the S&P 500 had slipped into the red, closing down 0.17% at 2338.17. Still, that wasn’t enough to drag the index under its key support level of 2,329.
It was much worse for some names though. Namely, Diana Shipping Inc. (NYSE:DSX), Rite Aid Corporation (NYSE:RAD)....More>>>
Recent economic data for the US suggests that the stock market’s hissy fit this year has been a false signal for anticipating a new recession. That’s not surprisingthe short-term noise in equity prices is a constant challenge for business-cycle analysis and so it’s not uncommon that market volatility will lead us astray at times. That’s always been the case and nothing’s....More>>>
Is Facebook Inc stock a good buy near its all-time high price? Flickr
Shares of Menlo Park, California-basedFacebook Inc.(NASDAQ:FB)are on a roll in 2017, gaining more than 21% YTD after a lackluster 2016. FB stock is trading near its all-time high of $139.68. FB stock has been driven by multiple factors. At large, the strong bullish rally has been on account of strong revenue growth....More>>>
Daniel Packer, a 29-year-old data analyst at an online advertising agency in Los Angeles, knows more responsibilities will stack up as he hits the big 3-0 this summer, so hes been religiously stashing away money in his retirement accounts the last few years.
Retirement is a long ways away for him, he says at least 30 years but saving money early on means not worrying about putting away....More>>>
Senate Democrats want President Trump to disclose who’s visiting the White House and Mar-a-Lago.
In letters Monday to Trump and the Secret Service, eight lawmakers urged the administration to extend an Obama-era policy of posting White House visitor logs online, and to include guests at the president’s Florida resort.
Obama’s White House began opening visitor....More>>>
U.S. equities once again danced around the unchanged line on Wednesday. The lack of volatility remained as headlines were filled with the fallout from President Donald Trump’s decision on Tuesday to fire FBI Director James Comey.
The political chaos that has resulted (with many calling it a constitutional crisis, despite the move being well within Trump’s executive powers)....More>>>
Big banks have gotten a boost today from JPMorgan Chase’s (JPM) dividend increase, and the hawkish Fed minutes, because higher rates are still expected to help banks out despite what happened last time. In a note previewing Wells Fargo’s (WFC) investor day on May 24, Jefferies analyst Ken Usdin and team write that “higher rates help, but other items weigh on longer-term net-interest-margin....More>>>
I have written about Global Blood Therapeutics (NASDAQ:GBT) before here. In my prior article, I addressed a number of fairly legitimate concerns people have cited about the stock and its lead drug for sickle cell disease (“SCD”) called GBT-440, and I explained how those risks are less significant than one might believe, or are being successfully mitigated by the company.
February 9, 2017: Here are four stocks trading with relatively heavy volume among 35 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners nearly 2 to 1 and on the Nasdaq advancers led decliners by about 5 to 2.
Gilead Sciences Inc. (NASDAQ: GILD) dropped about 2.2% Thursday to post a new 52-week low of $65.38 after closing Wednesday at....More>>>
Yet another profit upgrade sent Fever-Tree Drinks Plc shares soaring in early London trading, propping up an already giddy valuation for the U.K. maker of premium tonic water and lemonade. Shore Capital analysts say that while they can see the growth opportunity, a price-to-earnings ratio o
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins