Energy was a key sector driving profits for S&P 500 index in 2017. Per the latest Earnings Trends, the index witnessed year-over-year earnings growth of 7.1% last year. However, excluding the Energy sector, the index’s earnings growth fell drastically to 4.4%.
If you are a small cap investor, you have probably seen press releases announcing a bought deal or bought deal financing – a type of financial arrangement that is also associated with IPOs. This type of financing deal occurs when an underwriter (e.g. an investment bank or a syndicate) purchases securities from an issuer (usually at a discount) before a preliminary prospectus is filed. The....More>>>
Many investors think of China as rich. But outside of a handful of east coast exporting cities and Beijing, it is still poor and getting old. How will the government take care of all these people? (Photo by Kevin Frayer/Getty Images)
China’s getting old. In fact, they are getting older faster than anywhere else in the world. And the Chinese government has a very weak safety net....More>>>
In a week that saw that saw the largest sell-off of the year and had some people thinking a true correction was ready to start, top hedge funds and executives reached into their wallets and made some major purchases. Like the week before, we also saw a huge amount of insider activity concentrated on the buy side, as selling was once again very light in comparison.
Related AAPL According To New Data, The Samsung S8 Is No 'iPhone Killer' Device Apple Quietly Acquired A Sleep Tracking App Stocks Drift To Mixed Finish; Apple, Wynn, Trade Desk Score (Investor’s Business Daily) ....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>>>
Yesterday’s discouraging numbers on job growth in April via the ADP Employment Report raise doubts about a rebound in US growth for the second quarter. But if you’re looking for reasons to keep hope alive, Wednesday’s survey data for the services sector fits the bill.
The ISM Non-Manufacturing ticked higher last month, rising to a four-month high and signaling that....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>>>
United States Steel Corporation (NYSE:X) stock simmered out of the gate today, but surged after President Trump signed a directive for an investigation into any adverse effects foreign steel has had on domestic producers.
Source: Paul Sequeira via Wikimedia (Modified)
The probe, led by Commerce Secretary Wilbur Ross, gives Trump the ability to restrict imports....More>>>
Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.
Pico Far East Holdings (OTC:PCOFF) [HKG:752], Asia's largest exhibition services provider, trades at an ex-net cash trailing P/E of just 10 times. This represents attractive valuations for a market leader which has generated 15-20% ROEs in the past decade and also has been profitable and free c
Many states exempt some retirement income, but if you retire to one of these nine states, you dont have to do the math. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming have no income tax for any residents. For retirees, in particular, that means no
Buckle (NYSE: BKE) exceeded our expectations of a decrease in comparable store sales for the January period in the range of -2.0% (despite increasingly easy comparable results) by reporting period comparable store sales increased by 0.2%. The positive performance in comparable store sales is th