Markets
RBI dividend to government reduces by half to Rs 30569 crore
A year later, the central Bank paid Rs 65, 896 crore to the government, which helped it in covering the deficit. It did not give reasons for paying less dividend. "If other conditions remain unchanged, the fiscal deficit can increase to 3.4 per cent from 3.2 per cent previous year", says Madan Sabnavis, Chief Economist at CARE Ratings (India). [Full Article...]
How Many Rite Aid Corporation (NYSE:RAD)'s Analysts Are Bearish?
Cowen Group Inc, which manages about $2.41 billion US Long portfolio, decreased its stake in Teva Pharmaceutical Inds Ltd (Call) (NYSE:TEVA) by 61,700 shares to 47,300 shares, valued at $1.72 million in 2016Q4, according to the filing. Utah Retirement reported 187,600 shares. Investors sentiment decreased to 0.92 in 2016 Q4. It dived, as 67 investors sold RAD shares while 114 reduced holdings. [Full Article...]
FTSE 100 slides for a second day
Travel and media companies led US stocks lower in afternoon trading Wednesday as some rare earnings disappointments weighed on the market . The Standard & Poor's 500 index fell 24 points, or 1 percent, to 2,449 as of 2:16 p.m. Financial stocks were also broadly lower, as Barclays (LON:BARC) dropped 0.41% and HSBC Holdings (LON:HSBA) retreated 1.29%, while Lloys Banking lost 1.81%. [Full Article...]
Boston Partners Has $208 Million Stake in Marathon Oil Corporation (NYSE:MRO)
According to Zacks, "Marathon Petroleum's scale advantage, impressive asset quality and extensive midstream/retail network have helped the company to overcome the challenging market conditions". Micron Technology, Inc. earnings have declined with an annualized rate of -29.3% over the last 5 years. The company announced a dividend that will be paid on Monday September 11th, 2017. [Full Article...]
Founders Capital Management Boosts Position in NVIDIA Corporation (NASDAQ:NVDA)
Horizon Inv Svcs Llc owns 6,305 shares for 0.32% of their portfolio. When we look at the Volatility of the company, Week Volatility is at 2.55% whereas Month Volatility is at 2.96%. As per Friday, August 7, the company rating was maintained by Canaccord Genuity. Moffett Nathanson has "Neutral" rating and $59 target. The firm earned "Buy" rating on Wednesday, April 6 by Cantor Fitzgerald. [Full Article...]
Oclaro, Inc. (OCLR) Position Decreased by Teachers Advisors, LLC Last Quarter
Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research? Suntrust Banks Inc. Oclaro's revenue was up 19.3% compared to the same quarter past year. During the same period a year ago, the firm earned $0.11 EPS. EPS growth in next year is estimated to reach 11.50% while EPS growth estimate for this y... [Full Article...]
SoundCloud Set To Secure Financial Future
According to Axios , the incoming "rescue investors", Raine Group and Temasek , would receive "preferential treatment", which potentially means worsened terms for older SoundCloud investors, making it more hard to recover the money they've invested. [Full Article...]
Analysts Set Netflix, Inc
Bronfman E.L. Rothschild L.P. increased its stake in Netflix by 0.8% in the first quarter. Tiaa Cref Investment Management LLC now owns 2,571,654 shares worth $384,231,000. Several equities research analysts have commented on the stock. UBS Group AG reiterated a "buy" rating and issued a $175.00 price target on shares of Netflix in a report on Wednesday, April 19th. [Full Article...]