Markets
Trump tariff will protect jobs, Jupiter Aluminum executive says
Before the Civil War, Northerners used protectionists policies to protect their manufacturing interests, whereas Southerners, who were exporting massive amounts of cotton for other goods, wanted freer trade. "We are very close to a fast spreading trade war and in this kind of war there are only victims, not winners", Katainen said. "We are counting on the administration to fulfill the promis... [Full Article...]
Stocks dive on trade war concerns after Trump's tariffs
How did it come to this? A British union source told the Telegraph that the move could have a "devastating" impact on the United Kingdom industry after it emerged that senior officials had tried to dissuade the USA administration from the biggest protectionist move since he became president. [Full Article...]
Advisory Services Network LLC Increases Position in Digital Realty Trust, Inc. (DLR)
About 169,774 shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since March 1, 2017 and is uptrending. It has underperformed by 29.77% the S&P500. Sandler Cap owns 37,700 shares. (NYSE: EDR ). 1,413 are owned by Pnc Gp Inc. Finally, ValuEngine raised Digital Realty Trust from a "hold" rating to a "buy" rating in a research note on Sunday, December 31st. [Full Article...]
Papa Johns International Inc (NASDAQ:PZZA) Stock Is Shorted More
TimesSquare Capital Management LLC now owns 957,950 shares of the company's stock worth $53,751,000 after buying an additional 19,900 shares during the period. Federated Invsts Pa has 0% invested in Papa John's International, Inc. On a percent-of-sales basis, S's free cash flow was -0.6% while PZZA converted 0.9% of its revenues into cash flow. [Full Article...]
Study Finds Uber, Lyft Drivers Earn Median Income Of $3.37 Per Hour
Indeed, according to CNBC only four percent of Uber drivers remain with the company for more than a year. The study's authors point out that drivers are eligible to use the federal Standard Mileage Deduction of 54 cents per mile for tax purposes and that actually driving usually costs 30 cents per mile, meaning ridehailing drivers don't have to claim all of their profits . [Full Article...]
EnLink Midstream, LLC (ENLC) stock Becomes Oversold
Finally, Morgan Stanley dropped their price objective on Shell Midstream Partners from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Friday, November 17th. The rating was initiated by Bernstein on Monday, February 6 with "Mkt Perform". The company was maintained on Sunday, November 5 by RBC Capital Markets. [Full Article...]
Eurozone Inflation Eases To 14-Month Low
LONDON, Feb 26 (Reuters) - Euro zone government bond yields drifted lower on Monday with Germany's benchmark Bund yield briefly touching a one-month low, as investors positioned for a run of potentially market-moving data and events this week. [Full Article...]
Gold slips to three-week low as dollar holds firm
However, the updated forecasts from Chairman Powell and Co. may continue to highlight a neutral Fed Funds rate around 2.75% to 3.00% as the committee struggles to achieve the 2% target for inflation , and more of the same from the central bank may drag on the greenback as market participants scale back bets for four Fed rate-hikes in 2018. [Full Article...]