Markets
Under Armour CEO Withdraws From Trump's Manufacturing Council
He joined the CEOs of Merck , Under Armour and Intel , who all left the council Monday. During the presidential campaign, Trumka called Trump "anti-American" and "a bigot". Under Armour CEO Kevin Plank too announced his resignation from the council. Soon after, Intel's Kraznich announced his resignation from the council, explaining his reasoning in a company blog post . [Full Article...]
Oil prices wobble after EIA-fueled selloff
Brent crude oil futures fell 0.53 dollar or 1.04 percent to close at USD 50.27 a barrel at NYMEX. On the New York Mercantile Exchange, light sweet crude futures for delivery in Septembe r CLU7, +0.50% was recently up 0.4% at $47.74 a barrel in the Globex electronic session. [Full Article...]
Coca-Cola European Partners PLC (CCE) Position Cut by Creative Planning
The stock declined 0.08% or $0.05 reaching $65.4 on the news. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has risen 10.75% since August 17, 2016 and is uptrending. Blackrock Group holds 0.06% or 1.82M shares. Principal Grp Inc stated it has 5.55 million shares. Manufacturers Life Insurance Company, The owns 327 shares with a value of $75,000. [Full Article...]
GBP/USD Rescued By Stronger Wages Data, Buying Support Limited
The pound tumbled on Tuesday after United Kingdom inflation came in softer than expected and quelled speculation the Bank of England would soon raise interest rates. Inflation data on Tuesday and wage numbers a day later should be the centrepiece of the week. Though a stronger currency shows that confidence is returning to the eurozone economy, it does have the potential to weigh on exporters as... [Full Article...]
Don't Shun Wal-Mart Stores Inc (WMT) Stock After Q2 Earnings Selloff
For the current quarter, Wal-Mart forecast earnings per share of 90 cents to 98 cents, compared with the 98 cents that Wall Street was looking for. Asset Planning Services Ltd. and global trademark and copyright legislation. About shares traded. Wal-Mart Stores Inc (NYSE: WMT ) has risen 13.83% since August 17, 2016 and is uptrending. [Full Article...]
Infosys To Consider Buyback On Saturday, Shares Surge
Analysts at IDBI Capital expect high probability for the buyback to be for Rs 9,750 crore, or 75 per cent of the total stated payout. The BSE Sensex extended gains in post-noon trade, rising over 100 points on Thursday as Infosys, the second biggest IT outsourcer in India , surged over 5 per after announcing a likely share buyback, while Asian markets rose as tensions between the USA and Nort... [Full Article...]
Honing in on This Dividend Stock: Jupiter Fund Management Plc (LSE:JUP)
The stock of Aggreko plc (LON:AGK) earned "Overweight" rating by Barclays Capital on Friday, September 4. As per Wednesday, July 27, the company rating was downgraded by BMO Capital Markets. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. The Power Solutions segment provides solutions for power requirements. [Full Article...]
Kingfisher sales dented by B&Q dip in United Kingdom, weak France
The company is in the midst of a significant five-year revamp, and the firm did say there was ongoing "business disruption" due to its restructuring plan, which entails merging product ranges and IT systems. "Q2 has broadly followed a similar course to Q1 although B&Q's performance was impacted by seasonal swings across Q1 and Q2". Until then, Kingfisher has said the changes are causing "busines... [Full Article...]