Jefferies Group upgraded shares of LyondellBasell (NYSE:LYB) from a hold rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has $121.95 price target on the specialty chemicals company’s stock, up from their previous price target of $7
Oil driller ConocoPhillips (NYSE:COP) is benefiting from rising oil prices and rewarding investors with dividend hikes. However, the company's drilling-focused business hasn't been able to sustain a high dividend in the past, cutting the payment in 2016 amid low oil prices. This suggests that d
March has brought madness to airline stocks, including United Continental Holdings (UAL), Delta Air Lines (DAL), and American Airlines (AAL). But the recent pullbacks aren’t a buying opportunity, say Imperial Michael Derchin and Adam Hackel.
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I recommended United Continental on Nov. 19, the week that Warren Buffett’s Berkshire Hathaway (BRK.B)....More>>>
Led by the largest biotech IPO since June 2015, six companies raised $827 million this past week. Biotech Denali Therapeutics raised $250 million, making it the largest biotech IPO of the year by both deal size and market cap. The week also included pricings from a cancer biotech, a medical diagnostics company, a California bank, a payday lender and a SPAC. No companies priced above the midpoint.
Bank stocks have rallied since Donald Trump’s election victory–even Wells Fargo (WFC), which had been hit hard by its cross selling scandal. It’s not hard to see why: Higher rates and better economic growth should be good news for ones that have been in the penalty box. And yes, Wells Fargo is still in the penalty box, say Instinet’s Bill Carcache and Yuman Lui, but that....More>>>
On Monday morning, a long-time rivalry came to a fashionable close after Coach announced that it will acquire cool-girl brand Kate Spade. According to a press release on Kate Spade’s website, Coach’s cash offer of $18.50 per share, or $2.4 billion, represents a 27.5% percent premium to the unaffected closing price of Kate Spade’s shares....More>>>
Starbucks Corporation (SBUX) operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company initiated its dividend in 2010 and has been growing distributions rapidly since then.
While the company has only managed to increase dividends for four years in a row, I believe that it has the potential to reach dividend achiever status, and has the growth story to become....More>>>
Mid capSouthern chicken restaurant stock Cracker Barrel Old Country Store, Inc (NASDAQ: CBRL) reportedearnings for fiscal Q1 2018 (ended October 27, 2017) before the market opened with results topping Wall Street expectations. Total revenue rose 0.1%to $710.4 million as comparable store restaurant sales increased 0.2%, including a 2.0% increase in average check partially offset by a 1.8% decrease....More>>>
Market research company IDC announced on Jan. 11 that the category of products that it refers to as “traditional [personal computers]” dropped 1.5% year over year during the fourth quarter of 2016 and by 5.7% over the course of the entirety of 2016.
Apple’s new MacBook Pro computers could help the company regain lost share in 2017. Image source: Apple.
I cannot say that much has changed in the stock market over the last week, and our bullish bias will be maintained for 2017 as long as the S&P 500 remains over 2,205.
As I noted last week:
All year long, I have been telling anyone who has been willing to listen that the market is set up to rally this year, with an ideal ultimate target between 2,537 and 2,611 for 2017. And, even....More>>>
Paypex (CURRENCY:PAYX) traded 1% lower against the dollar during the one day period ending at 16:00 PM Eastern on May 20th. In the last week, Paypex has traded 45.6% higher against the dollar. Paypex has a total market capitalization of $142.70 million and $8,938.00 worth of Paypex was traded
Yext (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $15.10, for a total transaction of $302,000.00. The transaction was disclosed in a document filed with the SEC, which is availabl
For many retired Americans, Social Security isn't just a check they receive each month. It's a financial lifeline that keeps them above the federal poverty line and allows them to make ends meet. An analysis from the Center on Budget and Policy Priorities in 2016 found that the mere existence of
Bruker (NASDAQ:BRKR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $34.00 price target on the medical research company’s stock. Zacks Investment Research‘s target