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>>>
An estimated 73% of adults have financial regrets, according to a new Bankrate report. What’s their biggest financial worry? The majority of respondents, 22%, believe they didn’t start saving for retirement early enough. This is a common regret among Americans aged 50 to 64 years old (37%), along with 26% of those over the age of 64. Both men and women agree that it’s their top....More>>>
German banking giant Deutsche Bank said Friday it has agreed toa $7.2 billion settlement with the U.S. Justice Department over its marketing and sales of mortgage-backed bonds risky securities that helped start the global financial crisis.
Under the deal, which isnt yet final, the bank agreed to pay $3.1 billion in fines and $4.1 billion in compensation through such measures as easing loan....More>>>
For months, strategists warned that high valuations in the U.S. could leave stocks vulnerable to a correction. But valuations seemed to have had little hand in guiding investors during this year’s steep declines across global markets.
Equity markets that were relatively more “expensive”those with higher valuationsdidn’t suffer any more than their “cheaper”....More>>>
Terreno Realty’s (NYSE:TRNO) multiple is materially out of line with its quality. It trades as one of the most expensive REITs, (24X 2017 estimated FFO) yet it is wrought with problems including lack of transparency and ambitious acquisitions predicated in aggressive underwriting. We anticipate it trading down to a multiple closer to the average of the industrial REITs....More>>>
At 4 p.m. ET this afternoon, U.S. President Barack Obama will reveal the eight individuals he’s tasked with serving on his Puerto Rico oversight board. These folks will be charged with restructuring the commonwealth’s massive $70 billion debt burden.
To be clear: This board is not tasked withdoling out another bailout placed at the feet of American taxpayers. It’s more....More>>>
Shares of Procter & Gamble (PG) are soaring today after the consumer-staples giant reported better-than-expected earnings.
Procter & Gamble reported an adjusted profit of $1.08 a share, beating forecasts for $1.06, despite sales coming at at $16.86 billion, below forecasts for $16.94 billion. It also cited the strong dollar as a possible headwind.
Related IR Nomura On Industrials: Upgrades Ingersoll-Rand To Buy Benzinga's Top Upgrades Related KORS Benzinga's Top Initiations Best Stock Ideas Of February Valuation Dashboard: Consumer Discretionary – Update (Seeking Alpha) ....More>>>
Today, our Elite Opportunity Pronewsletter suggested mid cap global life sciencescloud-based software solutions stock Veeva Systems Inc (NYSE: VEEV) as a bullish long trade for investors who have patience:
Technically, we’ve provided two key charts below, a monthly and a daily chart. As you can see on the monthly chart, shares of VEEV broke to a new all-time high just last month. Although....More>>>
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.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
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