Brokerages expect that Infinity Pharmaceuticals, Inc. (NASDAQ:INFI) will announce ($0.20) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Infinity Pharmaceuticals’ earnings, with estimates ranging from ($0.21) to ($0.19). Infinity Pharmaceuticals reported earnings of ($0.34) per share in the same quarter last year,....More>>>
Tower Bridge Advisors lowered its stake in McDonald's Co. (NYSE:MCD) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,225 shares of the fast-food giant’s stock after selling 4,748 shares during the quarter. McDonald's accounts for approximately 2.0% of Tower Bridge Advisors’....More>>>
Shares of Wynn Resorts plunged more than 10% Friday after a Wall Street Journal story detailing numerous allegations against founder and CEO Steve Wynn.
Wynn denied the charges in the Journal story.
“The idea that I ever assaulted any woman is preposterous,” he said in a statement that the company sent to CNN. “We find ourselves in a world where people can make....More>>>
Melrose Industries Plc made a hostile 7.4-billion-pound ($10.2 billion) bid for GKN Plc, taking its offer directly to shareholders of the U.K. maker of aerospace and automotive components after it spurned an unsolicited approach.
The offer values GKN at 430.1 pence a share in cash and stock, Birmingham, England-based Melrose said in a statement Wednesday. GKN last week rejected an initial....More>>>
BYD (OTCPK:BYDDF) recently announced a mixed earnings picture for 2017. The diversification of this vertically integrated company, however, leads to bright prospects for 2018. Auto sales will remain the key determinant of performance in 2018. Other product areas will gain importance for the company in revenue percentage terms. The protectionist stance of the Trump Administration is less of a negative....More>>>
The stock market’s relentless march upward has pushed the prices of many companies higher. As investors bid up good and bad businesses alike, it can be hard to discern which companies are the best for long-term investors.
That’s especially true in the world of dividend stocks, where income-starved investors face greater temptation by the day to reach for high dividend stocks that....More>>>
Penny stocks those stocks that trade for low prices, often with share prices of less than a dollar per share are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.
Call them penny stocks, microcaps or OTC stocks; by any name, theyre bad news. Promises of quick....More>>>
We just discovered a major new 2016 stock market crash warning sign in the markets this week. And this time, the stock market crash warning sign is coming from the Bank of Japan (BOJ).
The BOJ appears ready to take its negative-interest-rate policy (NIRP) a step further and venture even deeper into negative territory. The BOJ first shocked markets on Jan. 29 when it adopted negative....More>>>
No good deed goes unpunished, as the saying goes. On first impression, that’s what happened to Dr. Robert McClendon, a Texas physician. He lent $100,000 to a business to cover its payroll. And then he got hit with a $4.3 million IRS penalty for the company’s payroll taxes, a penalty that was just upheld in court. But, as often happens with taxes, the situation is more complex. The....More>>>
Tesla is down nearly 20% in the past 2 weeks. (Photo credit should read KARIM SAHIB/AFP/Getty Images)
Yesterday, Tesla closed at $308, down almost 20% in just 2 weeks. Sharp drops like this often scare lots of people out of the stock. But one of our top managers, Gorden Lam, is not selling. The best defense against making a bad decision is to take the emotion out of it.