Markets
US Oil Production Near Record High But Harvey Looms
This time, there's been no such lift for the beleaguered energy sector. On the surface, it may be puzzling that energy prices and ETFs have fallen despite significant disruptions to supply. Oct. WTI oil dropped USD1.30, or 2.7%, to settle at USD46.57/bbl, the lowest in a month. The VanEck Vectors Oil Refiners ETF (CRAK ), which holds stocks of firms that generate more than 50% of their revenu... [Full Article...]
The World Clown Association Fears Stephen King's 'It' for a Real Reason
Don't think about it too much. Pennywise always understood what each character was scared of, and provided it. "Don't kill the messengers for the message." - he seems relatively unbothered. In the wake of the great clown panic of 2016 - is that what we're calling it? - the World Clown Association has put together a press kit for bad-clown publicity. [Full Article...]
'The Crow' Reboot Lands at Sony
We've been around the block with reboot rumors for The Crow more times than we can count at this point, but the fact that Sony has officially been locked down as the distributor for the project is big news. This remake is said to be closer in tone to James O'Barr's original graphic novel, which will likely land the movie an R rating. Brandon Lee starred in The Crow and he died during an on... [Full Article...]
Costco Posts 10% Increase In Sales For August
According to Zacks brokerage recommendations, Costco Wholesale Corporation (NASDAQ: COST)'s Buy count is 2 and Strong Buy is 11 while the number of analysts recommending Sell and Strong Sell are 0 and 6, respectively. Tarbox Grp Inc holds 0.05% or 499 shares. COST has been the subject of a number of research analyst reports. Invesco Ltd invested in 0% or 235,481 shares. [Full Article...]
Manufacturing Expands on Employment Gains, ISM Says
The index remained above 50 percent, which reflects manufacturing growth, for the 12th consecutive month and translated to overall economic growth for the 99th month in a row. The ISM report is based on a survey of 350 purchasing and supply executives. Beneath the headlines revealed a very strong report. While the price index was flat, it remains at a high level with all but two industries r... [Full Article...]
Still room for diplomatic solution with North Korea: Mattis
Defense Secretary James Mattis has revealed candid information about his relationship with President Donald Trump , with whom he has had some notable disagreements, saying he saw his service as a call of duty, not of choice. The comments follow North Korea's test Tuesday of its Hwasong-12 missile that flew over northern Japan before crashing 1,200 kilometers (745 miles) east of Hokkaido's Cape ... [Full Article...]
Today's Brokerage Rating: American International Group, Inc. (AIG), Nutanix, Inc. (NTNX)
At the time of writing, the First Call consensus price target for the company is $4.18. Oppenheimer analyst Ittai Kidron maintained an outperform rating on Nutanix and price target of 34. The shares were sold at an average price of $18.06, for a total value of $106,373.40. About 138,146 shares traded. The disclosure for this sale can be found here. [Full Article...]
Series strong for Ford in August
BlackRock Inc. increased its stake in shares of Ford Motor by 2,991.4% in the first quarter. Candriam Luxembourg S.C.A. raised its stake in Ford Motor by 18.6% in the first quarter. In contrast to the year ago quarter EPS was at 1.38. Analysts expect that General Motors Company will post $6.13 EPS for the current fiscal year. The company announced a dividend for shareholders to be paid on Friday... [Full Article...]