Hong Leong Asia (OTCMKTS:HLALF), listed on the Singapore Exchange with ticker symbol H22, is the parent company of China Yuchai International (NYSE:CYD), in which it owns a 39% stake. The share price movement of Hong Leong Asia used to be closely correlated to that of China Yuchai, but the association broke apart in mid-2010 when the business prospects of China Yuchai contrasted with that of the....More>>>
Veresen Inc. (OTC:FCGYF) is a Canadian based midstream energy infrastructure company, traded primarily on the Toronto Stock Exchange with a market capitalization of approximately CAD $4 billion.
Much of the investment press surrounding Veresen is focused on the Jordan Cove LNG development. While this is a major piece of the company’s growth potential, skepticism and regulatory delays....More>>>
Progenics Pharmaceuticals Inc. (NASDAQ:PGNX) stock tumbled over 26 percent in the past one month despite the company announcing positive data about its lead candidate Azedra late last month. The drug was found performing satisfactorily in its Phase 2b trial. The test was designed to assess the efficacy and safety of the treatment in patients suffering from malignant and/or recurrent pheochromocytoma....More>>>
Investment company Westbourne Investment Advisors, Inc. buys Eaton Vance Durationome Fund, Pioneer Floating Rate Trust Shares of Beneficial I, Red Hat, Facebook, Western Asset Managed Municipals Fund, Dollar Tree, Whirlpool, Vanguard Short-Termorate Bond ETF, Western Asset Bond Fund Share of Beneficial Intere, Regions Financial, sells PulteGroup, Tiffany, Humana, Macy’s, Norfolk Southern during....More>>>
The deals are still pouring in, and IPO investors are still poring over them. Nine IPOs raised a hefty $3.3 billion this past week. Excluding a SPAC and a Reg A+, the average return was just 2%. The week’s sole energy offering, FTS International, was the only IPO to price above the midpoint or achieve a double-digit return. Casino REIT VICI Properties raised $1.2 billion in the week’s....More>>>
Watching the fireworks yesterday, a houseguest commented on why the techno display is bad for the environment (there’s always one in every crowd, isn’t there…!) It’s hard to ignore the majesty of a well produced fireworks display, and I don’t really see too many people hopping on the “let’s clean up the environment by eliminating standard 4th....More>>>
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The number of Americans hit by an already record-setting flu season continues to rise as hospitalization rates hit new highs, the Centers for Disease Control and Prevention said....More>>>
Much of what the Bank of Japan announced today had been largely leaked. While there was a sizable response in the asset markets, the dollar’s knee-jerk gains against the yen were quickly unwound.
The BOJ lifted its self-imposed restrictions on its asset purchases and shifted the focus of policy from the monetary base to the yield curve. It is not clear that this shift increases....More>>>
Salesforce.com (NYSE:CRM) had a relatively good quarter. EPS came in at $0.24 beating by $0.03, and revenue for the quarter came in at $2.14 billion (+25% Y/Y), beating by about $20 million. Not only that, but the company is guiding an increase in revenue of about 20% for FY18. Folks, does it get any better than this?
Yet while the stock initially rallied, the rally faded fast. Also, CRM’s....More>>>
Arrow Loop Research’s stock of the week is Williams-Sonoma (WSM).
By Paul Price of Arrow Loop Research
At any given time there are some stocks whose market action makes no sense. They get really cheap even as their fundamentals are doing well. Putrid prices, in conflict with solid numbers, create the best investment opportunities.
Many retail businesses are suffering....More>>>