The S&P 500 (SNPINDEX:^GSPC) did well in 2016, producing another winning year and extending the bull market in stocks. Even though the index had some troubled times, strength in the U.S. economy and in fundamental business prospects for the index’s constituent stocks helped the market overcome challenges and continue its generally upward path. Technically, the S&P 500’s best....More>>>
AO Asset Management LP reduced its stake in shares of Lumentum Holdings (NASDAQ:LITE) by 43.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,800 shares of the technology company’s stock after selling 102,100 shares during the period. AO Asset Management LP owned about 0.21%....More>>>
Shares of USA Technologies (NASDAQ:USAT) have jumped today, up by 13% as of 12:15 p.m. EDT, after the company reportedit had priced a secondary offering. The $50 million offering had been announcedearlier this month.
The public offering price was $11 per share, and the company sold over 5.4 million shares. The gross proceeds raised from the deal that....More>>>
Investors sold shares of Nvidia (NASDAQ:NVDA) on strength during trading on Monday. $1,037.80 million flowed into the stock on the tick-up and $1,228.77 million flowed out of the stock on the tick-down, for a money net flow of $190.97 million out of the stock. Of all companies tracked, Nvidia had the 2nd highest net out-flow for the day. Nvidia traded up $9.62 for the day and closed at $248.68
HBO has confirmed the departure of Sheila Nevins, its president of documentary and family programming, who has been an enormous influence in the world of nonfiction filmmaking.
Nevins, 78, a 38-year veteran of the network, announced her intent to leave in a New York Times feature, and said in a statement issued Monday that she intends to “pursue the rest of my life.” HBO is....More>>>
When Tesla (NASDAQ:TSLA) announced its electric semi, Elon Musk said that when driven autonomously, the cost per ton mile will be less than that of rail. Warren Buffett, whose Berkshire-Hathaway owns BNSF, has also said that autonomous trucks will be bad for his business. Is this the technology that kills railroad valuations? Let’s look at the numbers.
Long haul trucking is a near-perfect....More>>>
Now that the cloud of uncertainty has been removed from the global oil markets, prices can start to move higher. This is good news for McDermott International (NYSE:MDR). The stock was already performing well due to the strong order backlog, wide geographical presence and healthy relations with customers. McDermott’s ability to provide services from design to execution has allowed it to perform....More>>>
General Electric (NYSE:GE) is one of the most outstanding dividend plays out there. Not only has the company paid out a dividend for more than 100 uninterrupted years, it has also grown that dividend in most years. GE’s current yield of 3% is considerably higher than the Dow Jones Industrial Average (INDX:INDU) average yield of 2.76%.
Anything that would threaten that dividend is, therefore,....More>>>
What has been the top performing asset class so far in 2016?
Is it gold (NYSEARCA:GLD), oil (NYSEARCA:USO), or collectable French postage stamps?
If you said “coal,” you win the kewpie doll. In fact, the 19th century energy source is the best performing commodity of the year by a large margin.
Indeed, Van Eck Coal (NYSEARCA:KOL) has picked up an eye popping 130%....More>>>
Health care stocks are performing better this year than investors might think, given the rancorousdebate over the Republicanplan to repeal and replace Obamacare.
Overall, the 61 stocks in the Standard & Poor’s 500 health care sector — which include hospitals, insurers, drug makers, biotechsand medical device makers –have gained8.9% in 2017 versus a 6%rise for the broadstock-market....More>>>