On Feb. 3, President Donald Trump signed an executive order that directed the Department of Labor (DOL) to do a cost-benefit analysis of the fiduciary rule, leaving both financial firms and retirees asking, “Will the fiduciary rule be delayed?”
Originally, the rule was supposed to go into effect on April 10 — just over a month away.
But before that happens, the Trump administration wants to know:
Whether the rule has harmed or is likely to harm investors due to its provisionsWhich ways it has resulted in disruptions within the retirement service industry that may also affect investors or retireesWhether it is likely to cause an increase in litigation and prices for retirement services
To that end, the DOL kicked off its investigative process last Wednesday, when the Office of Management and Budget (OMB) released its review of the proposed delay on Feb. 28.
Hot Financial Stocks To Own For 2017: HD Supply Holdings, Inc.(HDS)
- [By WWW.THESTREET.COM]
Next, on Tuesday, Cramer’s eyes will be on HD Supply (HDS) , the little-known construction supplier with 500,000 customers. This is one investors need to know about, Cramer said.
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
Hot Financial Stocks To Own For 2017: Cardtronics, Inc.(CATM)
- [By Timothy Green]
Non-bank ATM operator Cardtronics (NASDAQ:CATM) slumped on Friday despite reporting fourth-quarter results that beat analyst estimates on all fronts. The culprit driving the decline may be the company’s 2017 guidance, which calls for a decline in adjusted EPS. At 2:30 p.m. EST, the stock was down about 10%.
Hot Financial Stocks To Own For 2017: Golfsmith International Holdings Inc.(GOLF)
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggestedshorting small cap golf equipment stockAcushnet Holdings Corp (NYSE: GOLF):
Acushnet Holdings has been on our watchlist for a while too, but it’s only been in the past few days we’ve seen the cracks start to appear.