January 10, 2017: Markets opened mixed again Tuesday as the blue chips got off to a slow start. The DJIA peake in the middle of the day and slid back into the red with about an hour left this afternoon. The Nasdaq even posted another all-time high at 5,564.25 early this afternoon. Healthcare and financials were leading sectors while real-estate and energy lagged. WTI crude oil for February delivery....More>>>
The S&P 500 is up nearly 7% year-to-date, but the average stock in the index is up just 5.70%. This means the largest stocks in the cap-weighted index are outperforming the smallest names. Even still, two-thirds of the stocks in the S&P are up year-to-date, while 35% of stocks are up more than 10%. Seventy stocks are up more than 20%, while just 25 are up more than 30%.
Below is a....More>>>
Investment company Catawba Capital Management buys Automatic Data Processing Inc, Parker Hannifin Corp, Verint Systems Inc, Best Buy Co Inc, Varian Medical Systems Inc, AMETEK Inc, NextEra Energy Inc, The Home Depot Inc, ITT Corp, AmeriGas Partners LP, sells AbbVie Inc, Maxim Integrated Products Inc, National Oilwell Varco Inc, Comcast Corp, Shire PLC during the 3-months ended 2017-12-31, according....More>>>
Billionaire Mike Novogratzs Bitcoin price prediction is a bold one. During an Oct. 10, 2017, interview with CNBC, he said the currency will hit $10,000 in the next six to 10 months.
From todays opening price of $4,776.21, thats a potential profit of 109.37% between April 2018 and August 2018.
Novogratz made his billions as a partner at Goldman Sachs and as the....More>>>
Arena Pharmaceuticals (ARNA) has announced that the company has partnered with Everest Medicines on Raliepag and Etrasimod in China and other Pacific region countries. The deal pays Arena $12 million in upfront cash and includes up to $212 million in milestones. In addition, Arena will receive royalties on the net sales of each drug that can go as high as low double-digits.
From a logic-driven perspective, miner Freeport-McMoRan Inc (NYSE:FCX) should have done quite well last quarter. Copper has maintained its price after an impressive 2016/2017 rebound, and ditto for gold.
Yet, there it is — FCX stock tumbled to the tune of 15% Tuesday following the release of first-quarter numbers that fell short of earnings and revenue expectations.
As is always....More>>>
The Tampa Bay Times laid off 50 people last week. Management blamed the action on tariffs levied against newsprint imported from Canada to the U.S. That bump in prices will cost Tampa $3 million a year. Major newspaper chains face expenses that will be much higher, although these expenses are weighed against larger revenue
Several large newspaper chains will face the largest increases in....More>>>
Zinc may not immediately come to mind as an important metal for the global economy, but its actually the fourth most common metal in use -trailing only iron, aluminium and copper. Thats because zinc wouldmost commonly be used as an anti-corrosion agent and for galvanization (coating of iron or steel) plus for otherindustrial purposes (e.g. used as pigments,preservatives, propellants etc). Zincwasalso....More>>>
Research Coverage- Viking Therapeutics (VKTX)
This is meant as a scientific/business development post as to the merits of VKTX. It is well known VKTX is undervalued (by upwards of 40x), but these details will not be discussed here. For a more detailed valuation analysis, see the end of Zacks SCR’s post.
Viking Therapeutics is a clinical stage biopharmaceutical....More>>>
Related UPS Total Eclipse Of The Trucking Industry: Cosmic Event Sheds Light On How Key Component Of Supply Chain Is Changing Benzinga's Top Upgrades, Downgrades For August 8, 2017 UPS Vice President Of Global Health And Safety Alexi Carli Awarded High Honor By The National … (GuruFocus)
Related UAL Benzinga's....More>>>