Markets
Moody's downgrades United Kingdom credit rating to Aa2 as Brexit fears loom
Downing Street said the firm's Brexit assessments were "outdated". "Overall, Moody's expects spending to be significantly higher than under the government's current budgetary plans", Moody's said. The ratings agency cut the debt grade one notch to Aa2 from Aa1 with a stable outlook, which reflects expectations Britain's debt will "continue to rise", and worries that whatever trade agreement is r... [Full Article...]
H & R Block Inc (HRB) Needle Moving on Volume
A stock with a beta more than 1 means high volatile and less than 1 means low volatile. About 1.24M shares traded. Louisiana-Pacific Corporation (NYSE: LPX ) has risen 29.07% since September 22, 2016 and is uptrending. They expect $1.51 earnings per share, up 11.03% or $0.15 from last year's $1.36 per share. UNP has price to earnings growth (PEG) ratio of 1.62 and Forward P/E of 17.86. [Full Article...]
Versartis, Inc. (VSAR) Sets New 52-Week Low on Analyst Downgrade
Cowen and Company downgraded Versartis to a "market perform" rating in a research note on Friday. The company was maintained on Friday, May 26 by Canaccord Genuity. Alliancebernstein LP stated it has 13,600 shares. The firm's market cap is $97.84 million. Denver Investment Advisors Ltd has 0.01% invested in QEP Resources Inc (NYSE:QEP). [Full Article...]
Most Active Stock: Netflix, Inc. (NFLX)
About 748,390 shares traded. About shares traded. Trueblue Inc (TBI) has risen 44.92% since September 21, 2016 and is uptrending. It has underperformed by 3.03% the S&P500. Of course, these surface-level price movements don't tell us much about the direction that NFLX may be headed in the future. Kempen Nv holds 0.27% or 44,209 shares in its portfolio. [Full Article...]
Rs 65000 cr transitional credit claim not 'incredibly high': FinMin
In TS, traders filed returns of almost Rs 4,000 crore for July, the first month of GST , but they submitted claims for almost Rs 2,000 crore in transitional tax credit. After exporters raised concerns over blockage of refunds and working capital on account of rollout of goods and services tax (GST), the finance ministry has made a decision to refund Rs 600 crore of taxes paid by them in the next ... [Full Article...]
Dollar hits 2-mth high vs yen on heightened Fed hike expectations
Fed Chair Janet Yellen said in a press conference after the meeting that a fall in inflation this year remained a mystery and said the US central bank was ready to change the rate outlook if needed. "Clearly there is still a lot of convincing to do on the Fed's part, potentially providing in the process plenty of upside for USA yields and the dollar". [Full Article...]
+DI Over -DI on Shares of Advantage Oil & Gas Ltd (AAV)
Insider ownership decreased by a total of 31395 shares, which suggests that COG's key executives are feeling less optimistic about the outlook for the stock. Its up 0.01, from 1.08 in 2016Q3. It is negative, as 68 investors sold PEP shares while 674 reduced holdings. A number of other hedge funds also recently made changes to their positions in COG. [Full Article...]
Interpublic Group of Companies, (NYSE:IPG) Experiences Heavier than Usual Trading Volume
Moreover, Alphamark Advisors Ltd Liability Com has 0.01% invested in Interpublic Group of Companies Inc (NYSE:IPG). (The) by 34.4% in the 1st quarter. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The stock of Interpublic Group of Companies Inc (NYSE:IPG) earned "Buy" rating by Jefferies on Monday, August 28. [Full Article...]