Markets
U.S. dollar rises, USA jobs data not expected to derail Fed
The world's biggest economy added 156,000 jobs last month, according to official data, missing Wall Street expectations for a 180,000 increase, in what marked the weakest growth in three months. The Labor Department data, based on a midmonth survey of employers, showed that nonstore retailers added just 700 jobs in August on a seasonally adjusted basis. [Full Article...]
Commerce Bank Sells 3187 Shares of American Electric Power Company, Inc. (AEP)
Investors sentiment decreased to 0.79 in 2016 Q4. Its up 0.07, from 1.42 in 2016Q3. It increased, as 67 investors sold AEP shares while 269 reduced holdings. Jefferies has "Hold" rating and $5200 target. The rating was maintained by Jefferies with "Hold" on Tuesday, June 13. Intact Investment Management Inc sold 10,200 shares as General Electric Co (GE)'s stock declined 7.64%. [Full Article...]
LLC Sells 50 Shares of Chipotle Mexican Grill, Inc. (CMG)
Meanwhile, due to a recent pullback which led to a fall of nearly -9.25% in the past one month, the stock price is now with underperforming -16.48% so far on the year - still in weak zone. (NYSE:CMG) has "Hold" rating given on Monday, May 1 by Nomura. On Wednesday, April 19 the stock rating was maintained by Maxim Group with "Hold". The firm has "Market Perform" rating given on Wednesday, April 26... [Full Article...]
The Credit Suisse Group Reiterates Outperform Rating for Microsoft Corporation (MSFT)
About 6.09M shares traded. It is down 2.49% since September 1, 2016 and is uptrending. It has underperformed by 15.58% the S&P500. Boothbay Fund Management Llc decreased Microsoft Corp (MSFT) stake by 72.55% reported in 2016Q4 SEC filing. [Full Article...]
Nissan Sales Decline After Hurricane Harvey
Fiat Chrysler sales also fell as did Ford Motor. Kelley Blue Book and LMC Automotive trimmed sales projections they had released before the hurricane hit. Harvey likely cut US sales by about 1.3 percent or 20,000 vehicles. Houston has lost about 300,000-500,000 cars and trucks with more than 325,000 vehicles lost that were sold in the region during the previous year. [Full Article...]
Union Cabinet reshuffle likely this weekend
Though tight-lipped, Bharti cited her health as the reason behind her resignation. She was reportedly upset about it as well. Kalraj Mishra , who held the portfolio of micro, small, and medium enterprises, turned 76 this year, and therefore may be removed from the Cabinet. [Full Article...]
Sears Holdings Corporation (SHLD) closed Tuesday at $8.46 with -1.86%
The Beta factor for the stock is listed at 0.99. To get a sense of "value" we must compare the current price to some measure of intrinsic value such as a price target. The Company's subsidiaries include Hornbach Baumarkt AG, a majority owned subsidiary which operates do-it-yourself megastores and garden centers; Hornbach Baustoff Union GmbH, a wholly owned subsidiary which is active in the builder... [Full Article...]
Harvey Hurting Automakers' Hopes for Gains in US Auto Sales
As the third largest pickup market in the country this year, Houston could also provide a boost to automakers that sell these high-margin vehicles. Their deliveries dropped 13% which missed analysts' average estimate of 0.6%. Volkswagen AG, the world's biggest automaker, may report a rise in combined sales for its VW and Audi brands following the recent addition of the Atlas SUV made in Chattanoog... [Full Article...]