International Game Technology (NYSE:IGT) reported its Third Quarter 2017 Results on Tuesday, November 14th, much to the delight of investors. Shares ended the day up 15% as the company reported earnings of $0.40/share vs. expectations of $0.24/share. The casino equipment maker’s stock was having a lackluster year but is now nearing its 52-week high of $32.07.
When the time comes to retire, you’ll need to find an income source to replace your salary. Unless you live an extraordinarily frugal lifestyle, Social Security benefits alone won’t cut it (although they will definitely help). Arranging for one or (preferably) more of the following options can ensure you enjoy a long and well-funded retirement, but note that some of these investments....More>>>
Iconix Brand Group (ICON) announced a divestiture, and a rather significant one. The company is selling its Sharper Image Brand in a $100 million deal, reducing its net debt position by roughly a tenth.
This is a surprising move after the company has gone on an acquisition spree over the past decade, resulting in elevated debt ratios and negligence of the 篓own篓 brands. This divestiture....More>>>
Twilio Inc. (NYSE: TWLO) was one of the best initial public offerings we have seen in some time. Shares had risen as high as almost $71.00 after the IPO was at $15.00 per share in June. After huge gains, it is not unusual to see shareholders and insiders wanting to take some cash home. Now some investors are going to have to consider ifthis 7 million share underwritten secondary offering at $40.00....More>>>
A rather unusual thing has just happened with Cliffs Natural Resources (NYSE:CLF). The company issued a press release which stated that Barron’s and Axiom Capital Management issued materially misleading statements regarding Cliffs’ CEO share purchases. Cliffs stated that it believed that the materially misleading statements were an intentional attempt to manipulate Cliffs’....More>>>
I’m getting questions from readers about Cliffs Natural Resources (NYSE:CLF), and I guess it’s high time for pre-earnings update. CLF stock has recently been dragged down by major downside in iron ore prices. Technical factors (the successful downside breakout of the $8.30 level) also contributed to the downside. In my view, it is highly unlikely that any major support catalyst....More>>>
I think growth stocks, which really haven’t done too much since mid-2014, could get a spark in 2017 as economic growth accelerates, suggests Mike Cintolo, Cabot Top Ten Trader.
My Top Pick for growth investors in 2017 is Arista Networks (ANET), which in many ways looks like the next Cisco (CSCO) — the company was built from the ground up to deal with the realities of the new....More>>>
Italian ones, this time. Well, one bank in particular. Monte dei Paschi di Siena (MPS), the centuries-old bank that is drowning under a growing pile of distressed loans. Since the private sector has now refused to cough up enough capital to close the shortfall identified in this year’s stress tests, it is to be provided with 8.8bn euros of new equity capital, most of it by Italian taxpayers.
Goldman Sachs analyst Noah Poponak and team like the defense sector but have some concerns about Lockheed Martin (LMT), particularly its valuation. They explain:
Matt Cardy/Getty Images
We continue to hold an Attractive sector view on Defense, where Lockheed is the bellwether and owns one of the Pentagons fastest growing programs in the F-35. However, the remainder of the portfolio....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.
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