Investors can be forgiven for thinking they hit the trifecta last Friday.
The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years.
The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second quarter of 2018 at 4%, exactly where Trump boosters like Larry....More>>>
Stocks rose ever so slightly today despite productivity data that were weaker than expected.
Richard Drew/Associated Press
The S&P 500 finished little changed at 2,181.74 today, while the Dow Jones Industrial Average finished little changed at 18,533.05. The Nasdaq Composite advanced 0.2% to 5,225.48, a new record close.
The market wasn’t very productive today–and....More>>>
Cognizant Technology Solutions (NASDAQ:CTSH) has been a key player in the technology revolution over the past 25 years. By providing much-needed information technology consulting services, Cognizant has been able to succeed in helping clients join the digital age effectively and competitively. Even with some of its rivals having competitive advantages in the form of lower labor costs, Cognizant....More>>>
In a sign of how dramatically the landscape is changing when it comes to shopping, experts say don’t expect any let up in store closings in 2017 just because retailers just had biggest growth in holiday sales in five years.
Consumers finally opened their wallets, making purchases on everything from toys to apparel.But a record amount of the spending for the season went to online sellers.....More>>>
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Grants from donor-advised funds to qualified nonprofit organizations grew by 16.9% to a record $15.1 billion in 2016, according to National Philanthropic Trusts 11th annual DAF report.
Last year, total assets available for....More>>>
Edelweiss’ research report on Carborundum Universal
Carborundum Universals (CUMI) Q4FY18 consolidated sales grew 16% YoY, led by strong double-digit sales growth across its three segments – abrasives posted 12% YoY growth, electrominerals 23% and ceramics 18%. Management has guided for 16% sales CAGR over FY18-20 with sales of ~INR27bn by FY19 and ~INR32bn by FY20, with higher....More>>>
Las Vegas Sands Corp (NYSE:LVS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Las Vegas Sands Corp operates fully integrated resorts with casino, hotel, entertainment. The company owns the Venetian Macao, Sands Macao, in Macau, the Marina Bay Sands resort in Singapore, the Venetian and Sands Bethlehem casinos in the United States. Las Vegas Sands Corp has a market....More>>>
Lam Research (LRCX) soared to the top of the S&P 500 today after beating earnings forecasts and raising its fourth-quarter guidance.
Lam Researchgained 6.9% to $136.17 today, while the S&P 500 declined 0.2% to 2,338.17.
Credit Suisse analysts Farhan Ahmad and John Pitzer and argues that Lam Research’s “new trough is higher than [its] old peak.”....More>>>
Shares of IPG Photonics (NASDAQ:IPGP) have recently lost 20% of their value following a correction in technology and momentum names, which warrants an investigation. Despite the rather violent sell-off, shares have still doubled so far this year, in part because revenue growth accelerated to 48% in the third quarter.
Despite a great track record and current conditions, valuation multiples....More>>>
FMC Corp. (NYSE:FMC) stock spiked 8.1% in the two days following its release on Wednesday afternoon of strong first-quarter 2018 financial results. Shares have returned 23.6% for the one-year period through Friday, versus the S&P 500’s 13.8% return.
The Philadelphia-based specialty chemical company’s revenue soared 103% year over year to $1.21 billion, and it posted earnings....More>>>