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8700.0
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2014-03-06 00:00:00 UTC
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Delta Feb Traffic Up on Strong Demand - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/delta-feb-traffic-up-on-strong-demand-analyst-blog-2014-03-06
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Leading passenger and cargo carrier Delta Air Lines Inc. ( DAL ) reported growth in traffic for Feb 2014 on the back of strong domestic demand and gains in the trans-Atlantic joint venture. Passenger revenue per available seat mile (PRASM) improved 4.0% year over year. As a result of winter storms, Delta had to cancel 8,000 flights during the month that contributed a 0.5% increase in PRASM.
The company's airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - moved up 2.4% year over year to 12.99 billion. Consolidated capacity (or available seat miles/ASMs) for the month, decreased 0.3% from Feb 2013 to 16.00 billion.
The load factor or percentage of seats filled by passengers leaped 210 basis points from Feb 2013 to 81.2%. The company registered a completion factor of 99.5%, with nearly 77.5% of flights on schedule.
For the first two months of 2014, Delta generated RPMs of 27.48 billion (up 3.3% from the corresponding period last year) and ASMs of 33.84 billion (up 0.8% year over year). The load factor improved 200 basis points year over year to 81.2%.
In 2014, Delta is expected to generate higher revenues from last year on a strong domestic market, capacity discipline, cost control measures and customer-focused initiatives, thus enhancing shareholders return.
Further, the company's joint venture with Virgin Atlantic Airways has already started and is expected to augment Delta's presence in the top 10 U.S. to Europe destinations and will represent 25% of the seats between U.S. and Heathrow travel routes.
However, the mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets.
Delta carries a Zacks Rank #3 (Hold). Better-ranked stocks within the industry include Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ). LUV carries a Zacks Rank #1 (Strong Buy), while JBLU carries a Zacks Rank #2 (Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Leading passenger and cargo carrier Delta Air Lines Inc. ( DAL ) reported growth in traffic for Feb 2014 on the back of strong domestic demand and gains in the trans-Atlantic joint venture.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. However, the mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. The company's airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - moved up 2.4% year over year to 12.99 billion.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. However, the mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. The company's airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - moved up 2.4% year over year to 12.99 billion.
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However, the mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Passenger revenue per available seat mile (PRASM) improved 4.0% year over year.
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8701.0
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2014-02-28 00:00:00 UTC
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Corporate Social Responsibility: 9 LGBT Friendly Companies
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AAL
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https://www.nasdaq.com/articles/corporate-social-responsibility-9-lgbt-friendly-companies-2014-02-28
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By James Dennin by Kapitall
Given all the terrible anti-gay laws passed this month, we built a list of LGBT friendly companies.
Arizona has become the third state in the past three months to pass what the media is calling "gay segregation laws."
Designed to prevent discrimination against people who would prefer not to do business with homosexuals — a very sympathetic demographic to begin with — the law would be one of the first ever to address a form of discrimination that never happens.
The laws will almost certainly be turned over by the Supreme Court (which has some precedents on the books about segregation), and they will probably be remembered as a brief backlash to the wide-spread, rapid progress gay marriage advocates have achieved in the last few years. However they still serve as an excellent reminder that while advocates have accomplished a great deal since the first state ratified gay marriage in 2004, the road to full equality is still long and full of twists.
Many companies including American Airlines (AAL) have already condemned the new laws, and that got us asking, which companies in corporate America have the best record when it comes to LGBT issues? We ran a screen using our partner CSRHub, which measures corporate social responsibility.
We started with a list of companies that were earmarked for special sensitivity to the needs of LGBT community, which fall on a pretty wide spectrum from what kind of marriage benefits they bestow to how much health coverage they offer the transgendered.
Only 11 publicly traded companies came through the screen, which we narrowed further by taking out companies that were only partially rated. That left us with nine.
Click on the chart below to view data over time.
1.Hartford Financial Services Group Inc. (HIG, Earnings, Analysts, Financials):Provides insurance and financial services in the United States and internationally. Market cap at $15.63B, most recent closing price at $34.64.
2.Health Net, Inc. (HNT, Earnings, Analysts, Financials):Provides managed health care services through its health plans and government-sponsored managed care plans. Market cap at $2.65B, most recent closing price at $33.33.
3.The Hain Celestial Group, Inc. (HAIN, Earnings, Analysts, Financials):Together with its subsidiaries, manufactures, markets, distributes, and sells natural and organic food, and personal care products in the United States and internationally. Market cap at $4.25B, most recent closing price at $88.44.
4.Hershey Co. (HSY, Earnings, Analysts, Financials):Engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. Market cap at $24.25B, most recent closing price at $108.07.
5.Herman Miller Inc. (MLHR, Earnings, Analysts, Financials):Engages in the research, design, manufacture, and distribution of interior furniture systems, products, and related services worldwide. Market cap at $1.65B, most recent closing price at $27.99.
6.The Goldman Sachs Group, Inc. (GS, Earnings, Analysts, Financials):Provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Market cap at $77.79B, most recent closing price at $166.54.
7.Google Inc. (GOOG, Earnings, Analysts, Financials):The world's most popular search engine. Market cap at $405.99B, most recent closing price at $1212.51.
8.Hewlett-Packard Company (HPQ, Earnings, Analysts, Financials):Offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Market cap at $57.06B, most recent closing price at $29.92.
9.Green Mountain Coffee Roasters Inc. (GMCR, Earnings, Analysts, Financials):Engages in the specialty coffee and coffee maker business. Market cap at $18.12B, most recent closing price at $121.49.
(List compiled by James Dennin. Analyst ratings sourced from Zacks Investment Research. LGBT-friendly index sourced from CSRHub.)
This article was originally posted on Kapitall.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Many companies including American Airlines (AAL) have already condemned the new laws, and that got us asking, which companies in corporate America have the best record when it comes to LGBT issues? We started with a list of companies that were earmarked for special sensitivity to the needs of LGBT community, which fall on a pretty wide spectrum from what kind of marriage benefits they bestow to how much health coverage they offer the transgendered. 5.Herman Miller Inc. (MLHR, Earnings, Analysts, Financials):Engages in the research, design, manufacture, and distribution of interior furniture systems, products, and related services worldwide.
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Many companies including American Airlines (AAL) have already condemned the new laws, and that got us asking, which companies in corporate America have the best record when it comes to LGBT issues? 1.Hartford Financial Services Group Inc. (HIG, Earnings, Analysts, Financials):Provides insurance and financial services in the United States and internationally. 2.Health Net, Inc. (HNT, Earnings, Analysts, Financials):Provides managed health care services through its health plans and government-sponsored managed care plans.
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Many companies including American Airlines (AAL) have already condemned the new laws, and that got us asking, which companies in corporate America have the best record when it comes to LGBT issues? 1.Hartford Financial Services Group Inc. (HIG, Earnings, Analysts, Financials):Provides insurance and financial services in the United States and internationally. 6.The Goldman Sachs Group, Inc. (GS, Earnings, Analysts, Financials):Provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.
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Many companies including American Airlines (AAL) have already condemned the new laws, and that got us asking, which companies in corporate America have the best record when it comes to LGBT issues? By James Dennin by Kapitall Given all the terrible anti-gay laws passed this month, we built a list of LGBT friendly companies. 1.Hartford Financial Services Group Inc. (HIG, Earnings, Analysts, Financials):Provides insurance and financial services in the United States and internationally.
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8702.0
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2014-02-28 00:00:00 UTC
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Weakness Seen in Controladora Vuela Compa (VLRS) Estimates: Should You Stay Away? - Tale of the Tape
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AAL
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https://www.nasdaq.com/articles/weakness-seen-in-controladora-vuela-compa-vlrs-estimates%3A-should-you-stay-away-tale-of-the
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Controladora Vuela Compa ( VLRS ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in VLRS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 79 cents a share a month ago to its current level of 69 cents.
Also, for the current quarter, Controladora has seen 2 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 4 cents a share from 12 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 15.02% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in Transportation sector, you may instead consider some better-ranked stocks including the American Airlines Group Inc. ( AAL ), Southwest Airlines Co. ( LUV ) and United Continental Holdings, Inc. ( UAL ). All these stocks hold a Zacks Rank #1(Strong Buy) and may be better selections at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
AMER AIRLINES (AAL): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
CONTROLADORA VL (VLRS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are still interested in Transportation sector, you may instead consider some better-ranked stocks including the American Airlines Group Inc. ( AAL ), Southwest Airlines Co. ( LUV ) and United Continental Holdings, Inc. ( UAL ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report CONTROLADORA VL (VLRS): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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If you are still interested in Transportation sector, you may instead consider some better-ranked stocks including the American Airlines Group Inc. ( AAL ), Southwest Airlines Co. ( LUV ) and United Continental Holdings, Inc. ( UAL ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report CONTROLADORA VL (VLRS): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Controladora Vuela Compa ( VLRS ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report CONTROLADORA VL (VLRS): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in Transportation sector, you may instead consider some better-ranked stocks including the American Airlines Group Inc. ( AAL ), Southwest Airlines Co. ( LUV ) and United Continental Holdings, Inc. ( UAL ). One such stock that you may want to consider dropping is Controladora Vuela Compa ( VLRS ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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If you are still interested in Transportation sector, you may instead consider some better-ranked stocks including the American Airlines Group Inc. ( AAL ), Southwest Airlines Co. ( LUV ) and United Continental Holdings, Inc. ( UAL ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report CONTROLADORA VL (VLRS): Free Stock Analysis Report To read this article on Zacks.com click here. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revision.
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8703.0
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2014-02-26 00:00:00 UTC
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After Hours Most Active for Feb 26, 2014 : JCP, QQQ, AAL, VZ, FCX, APD, BAC, SCHW
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-feb-26-2014-jcp-qqq-aal-vz-fcx-apd-bac-schw-2014-02-26
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The NASDAQ 100 After Hours Indicator is up 3.22 to 3,679.82. The total After hours volume is currently 29,586,040 shares traded.
The following are the most active stocks for the after hours session :
J.C. Penney Company, Inc. Holding Company ( JCP ) is +0.5 at $6.46, with 6,361,631 shares traded. RTT News Reports: J. C. Penney Swings To Q4 Profit On Tax Benefit
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.02 at $90.25, with 5,272,068 shares traded. This represents a 36.83% increase from its 52 Week Low.
American Airlines Group, Inc. ( AAL ) is unchanged at $36.75, with 3,471,653 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.59. As reported by Zacks, the current mean recommendation for AAL is in the "buy range".
Verizon Communications Inc. ( VZ ) is unchanged at $46.35, with 2,084,582 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.84. As reported by Zacks, the current mean recommendation for VZ is in the "buy range".
Freeport-McMoran Copper & Gold, Inc. ( FCX ) is +0.01 at $33.42, with 1,434,131 shares traded. As reported by Zacks, the current mean recommendation for FCX is in the "buy range".
Air Products and Chemicals, Inc. ( APD ) is unchanged at $117.47, with 990,767 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $1.49. APD's current last sale is 110.82% of the target price of $106.
Bank of America Corporation ( BAC ) is -0.01 at $16.32, with 946,198 shares traded. BAC's current last sale is 90.67% of the target price of $18.
The Charles Schwab Corporation ( SCHW ) is unchanged at $26.37, with 920,400 shares traded. SCHW's current last sale is 99.51% of the target price of $26.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is unchanged at $36.75, with 3,471,653 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014.
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American Airlines Group, Inc. ( AAL ) is unchanged at $36.75, with 3,471,653 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014.
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American Airlines Group, Inc. ( AAL ) is unchanged at $36.75, with 3,471,653 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014.
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American Airlines Group, Inc. ( AAL ) is unchanged at $36.75, with 3,471,653 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 3.22 to 3,679.82.
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8704.0
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2014-02-25 00:00:00 UTC
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JetBlue Strengthens in the Caribbean - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/jetblue-strengthens-in-the-caribbean-analyst-blog-2014-02-25
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nan
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nan
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JetBlue Airways Corporation ( JBLU ) continues to fortify its network in Central America with the introduction of a new non-stop service from New York's John F. Kennedy (JFK) International Airport to Piarco International Airport in Port of Spain. This is the 84th city within JetBlue's network and 25th non-stop destination in the Caribbean, where the company continues to expand operations.
JetBlue which already offers new services from Fort Lauderdale-Hollywood International Airport to different Caribbean and Latin American destinations expects to add another non-stop service to Port-of-Spain on May 1. New York's home grown airline targets both business and leisure travellers with the launch of these new routes.
The company will launch several new destinations from Fort Lauderdale to Montego Bay, and Punta Cana on the same day along with connecting flights between Newark in New Jersey and Santiago in Dominican Republic.
The New York bound flight will take four and half hours, while the Port-of-Spain flight will take around six hours. On the contrary, the Fort Lauderdale-Port-of-Spain flight will take approximately four hours.
In January, JetBlue won 40 new take-off and landing slots at Reagan National Airport (DCA), including 16 that it leased from American Airlines. The slot purchase is part of the mega merger between American Airlines and U.S. Airways Group Inc. - to form American Airlines Group Inc. ( AAL ) - which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at New York's LaGuardia Airport.
We believe the new non-stop route from JFK will reinforce JetBlue's position in New York, where the company has to give up the ownership right of 12 pairs of take-off and landing slots to American Airlines, which the latter had leased from the former.
However, rival carrier Southwest Airlines Co. ( LUV ) has started selling summer tickets for non-stop service between various places in the U.S. and the Caribbean. Southwest, which is known for its low-cost fares, could increase competition within the region for JetBlue.
JetBlue sports a Zacks Rank #2 (Buy). Another stock worth considering within this sector is United Continental Holdings Inc. ( UAL ), which carries a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The slot purchase is part of the mega merger between American Airlines and U.S. Airways Group Inc. - to form American Airlines Group Inc. ( AAL ) - which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at New York's LaGuardia Airport. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The company will launch several new destinations from Fort Lauderdale to Montego Bay, and Punta Cana on the same day along with connecting flights between Newark in New Jersey and Santiago in Dominican Republic.
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The slot purchase is part of the mega merger between American Airlines and U.S. Airways Group Inc. - to form American Airlines Group Inc. ( AAL ) - which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at New York's LaGuardia Airport. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue Airways Corporation ( JBLU ) continues to fortify its network in Central America with the introduction of a new non-stop service from New York's John F. Kennedy (JFK) International Airport to Piarco International Airport in Port of Spain.
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The slot purchase is part of the mega merger between American Airlines and U.S. Airways Group Inc. - to form American Airlines Group Inc. ( AAL ) - which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at New York's LaGuardia Airport. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. We believe the new non-stop route from JFK will reinforce JetBlue's position in New York, where the company has to give up the ownership right of 12 pairs of take-off and landing slots to American Airlines, which the latter had leased from the former.
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The slot purchase is part of the mega merger between American Airlines and U.S. Airways Group Inc. - to form American Airlines Group Inc. ( AAL ) - which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at New York's LaGuardia Airport. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue which already offers new services from Fort Lauderdale-Hollywood International Airport to different Caribbean and Latin American destinations expects to add another non-stop service to Port-of-Spain on May 1.
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8705.0
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2014-02-24 00:00:00 UTC
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Weekly CFO Sells Highlight: Pandora Media Inc, Incyte Corp Ltd, Google Inc, American Airlines ...
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AAL
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https://www.nasdaq.com/articles/weekly-cfo-sells-highlight-pandora-media-inc-incyte-corp-ltd-google-inc-american-airlines
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According to GuruFocus Insider Data , the recent CFO sales were: Pandora Media Inc, Incyte Corp Ltd, Google Inc, and American Airlines Group Inc.
Pandora Media Inc. ( P ): CFO Michael Herring sold 174,175 Shares
On Feb. 10, CFO Michael S Herring sold 174,175 shares at an average price of $33.90. The price of the stock has increased by 9.68% since. Pandora Media Inc has a market cap of $7.34 billion and its shares were traded at around $37.18. The company has a P/S ratio of 11.14.
Pandora Media Inc announced their 2013 fourth quarter results with revenues of $180.4 million and gross profit of $80.96 million; the net income was $1.7 million. The 2013 total revenue was $427.15 million, a 56% increase from the 2012 total revenue. The 2013 gross profit was $136.4 million, a 33% increase from the 2012 gross profit; the 2013 net income was $38.15 million.
Warren Buffett Recent Buys
On Feb. 20, Affiliate of Director Capital Inc Crosslink sold 1,000,000 shares at an average price of $36.47. The price of the stock has increased by 1.95% since. On Feb. 18, Chief Revenue Officer John Trimble sold 20,000 shares at an average price of $37.59. The price of the stock has decreased by 1.09% since. On 02/18/2014, CTO, EVP Product Thomas Conrad sold 48,000 shares at an average price of $37.59. The price of the stock has decreased by 1.09% since.
Incyte Corp Ltd ( INCY ): CFO David Hastings sold 275,000 Shares
On Feb. 18, CFO David C Hastings sold 275,000 shares at an average price of $65.86. The price of the stock has decreased by 1.34% since. Incyte Corp Ltd has a market cap of $10.47 billion and its shares were traded at around $64.98. The company has a P/E ratio of $24.63.
Incyte Corp Ltd announced their 2013 third quarter results with revenues of $85.12 million and gross profit of $84.97 million; the net income was $22.04 million. The 2012 total revenue was $297.06 million, a 215% increase from the 2011 total revenue. The 2012 net income was $44.32 million.
On Feb. 20, Director Paul A Friedman sold 33,354 shares at an average price of $63.51. The price of the stock has increased by 2.31% since. On Feb. 12, Chairman Schutter Richard U De sold 50,000 shares at an average price of $65.53. The price of the stock has decreased by 0.84% since. On Feb.19, Director Paul A Friedman sold 771,182 shares at an average price of $65.65. The price of the stock has decreased by 1.02% since.
Google Inc ( GOOG ): SVP and CFO Patrick Pichette sold 3,730 Shares
On 02/06/2014, SVP and CFO Patrick Pichette sold 3,730 shares at an average price of $1150.72. The price of the stock has increased by 4.61% since. Google Inc has a market cap of $404.53 billion and its shares were traded at around $1203.79. The company has a P/E ratio of 35.30 and P/S ratio of 6.82; over the past 10 years, Google Inc had an annual average earnings growth of 31.50%. GuruFocus rated Google Inc. the business predictability rank of 2.5-star.
Google Inc announced their 2013 fourth quarter results with revenues of $16.86 billion with a gross profit of $9.42 billion; the net income was $3.38 billion. The 2013 total revenue was $59.83 billion, a 19% increase from the 2012 total revenue. The 2013 gross profit was $33.97 billion, a 15% increase from the 2012 gross profit; the 2013 net income was $12.9 billion.
On 02/14/2014, CEO, 10% Owner Lawrence Page sold 16,670 shares at an average price of $1200.17. The price of the stock has increased by 0.3% since. On 02/19/2014, Director L John Doerr sold 8,297 shares at an average price of $1205.00. The price of the stock has decreased by 0.1% since. On 02/14/2014, SVP and Chief Business Officer Nikesh Arora sold 2,929 shares at an average price of $1200.00. The price of the stock has increased by 0.32% since.
American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek Kerr sold 370,290 Shares
On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. The price of the stock has increased by 2.35% since. American Airlines Group Inc has a market cap of $12.91 billion and its shares were traded at around $36.17. The company has a P/E ratio of 10.80 and P/S ratio of 0.53.
American Airlines Group Inc announced their 2013 third quarter results with revenues of $6.8 billion and gross profit of $3.58 billion; the net income was $289 million. The 2012 total revenue was $24.85 billion, a 4% increase from the 2011 total revenue. The 2012 gross profit was $12.35 billion, a 5% increase from the 2011 gross profit; the 2012 net income was $1.88 billion.
On Feb. 13, CEO W Douglas Parker sold 593,329 shares at an average price of $34.34. The price of the stock has increased by 5.33% since. On Feb. 13, President Scott Kirby sold 529,838 shares at an average price of $34.50. The price of the stock has increased by 4.84% since. On Feb. 7, EVP Corporate Affairs Stephen L Johnson sold 343,523 shares at an average price of $35.29. The price of the stock has increased by 2.49% since. On Jan. 31, COO Robert Isom sold 380,557 shares at an average price of $33.40. The price of the stock has increased by 8.29% since.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. Warren Buffett Recent Buys On Feb. 20, Affiliate of Director Capital Inc Crosslink sold 1,000,000 shares at an average price of $36.47. On 02/14/2014, SVP and Chief Business Officer Nikesh Arora sold 2,929 shares at an average price of $1200.00.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. According to GuruFocus Insider Data , the recent CFO sales were: Pandora Media Inc, Incyte Corp Ltd, Google Inc, and American Airlines Group Inc. Pandora Media Inc. ( P ): CFO Michael Herring sold 174,175 Shares On Feb. 10, CFO Michael S Herring sold 174,175 shares at an average price of $33.90. Google Inc ( GOOG ): SVP and CFO Patrick Pichette sold 3,730 Shares On 02/06/2014, SVP and CFO Patrick Pichette sold 3,730 shares at an average price of $1150.72.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. According to GuruFocus Insider Data , the recent CFO sales were: Pandora Media Inc, Incyte Corp Ltd, Google Inc, and American Airlines Group Inc. Pandora Media Inc. ( P ): CFO Michael Herring sold 174,175 Shares On Feb. 10, CFO Michael S Herring sold 174,175 shares at an average price of $33.90. Incyte Corp Ltd ( INCY ): CFO David Hastings sold 275,000 Shares On Feb. 18, CFO David C Hastings sold 275,000 shares at an average price of $65.86.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. On Feb. 20, Director Paul A Friedman sold 33,354 shares at an average price of $63.51. On Feb.19, Director Paul A Friedman sold 771,182 shares at an average price of $65.65.
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8706.0
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2014-02-24 00:00:00 UTC
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Busy Jan Traffic for GOL - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/busy-jan-traffic-for-gol-analyst-blog-2014-02-24
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nan
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nan
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Leading Latin American airline, GOL Linhas Aereas SA ( GOL ) posted solid traffic results for Jan 2014. Net passenger revenue per available seat kilometer (PRASK) for the month increased 9% year over year on better load factor.
Revenue passenger kilometers or RPK - implying revenue generated per kilometer per passenger - for the month increased 16.9% from the year-ago month to 3,649.7 million. Both domestic and international RPK showed an improvement of 17.3% and 13.6%, respectively.
Available seat kilometers (ASK) - that measures an airline's passenger carrying capacity -increased 9.1% year over year to 4,689.5 million. Home ground capacity increased 10.2%, while on the international front, ASK improved marginally by 0.3%.
Domestic and international load factor increased 4.7% and 8.7%, respectively, while consolidated load factor increased 5.2% to 77.8%. The consolidated load factor for Jan was the highest in the last 10 years. In addition to strong load factor the company's yield also grew 2% from the prior-year quarter, leading to the improved performance.
The biggest impediment to GOL's 2014 growth is persistent weakness in Brazilian currency, which contributed to the 9% increase in fuel prices thus offsetting some of the positives of the quarter. Further, soft air travel demand and significant long-term debt of R$5,054.7 million (approximately $2,395.4 million) at the end of the third quarter, remains a concern.
However, Brazil will host the 2014 football world cup and 2016 summer Olympics, two of the biggest sporting extravaganzas. The country is expected to get around 600,000 international visitors in addition to 3 million domestic fans this year, presenting a big opportunity for passenger carriers like GOL.
To tap that opportunity GOL recently announced an exclusive strategic partnership with European giant Air France-KLM SA, to expand its operations between Brazil and Europe. We believe that this would significantly improve its international performance.
GOL - which operates with other industry players such as LATAM Airlines Group S.A. ( LFL ) - has a Zacks Rank #3 (Hold). Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). Both carry a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
GOL LINHAS-ADR (GOL): Free Stock Analysis Report
LATAM AIRLINES (LFL): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report LATAM AIRLINES (LFL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The biggest impediment to GOL's 2014 growth is persistent weakness in Brazilian currency, which contributed to the 9% increase in fuel prices thus offsetting some of the positives of the quarter.
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AMER AIRLINES (AAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report LATAM AIRLINES (LFL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). Net passenger revenue per available seat kilometer (PRASK) for the month increased 9% year over year on better load factor.
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AMER AIRLINES (AAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report LATAM AIRLINES (LFL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). Net passenger revenue per available seat kilometer (PRASK) for the month increased 9% year over year on better load factor.
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Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report LATAM AIRLINES (LFL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Available seat kilometers (ASK) - that measures an airline's passenger carrying capacity -increased 9.1% year over year to 4,689.5 million.
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8707.0
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2014-02-20 00:00:00 UTC
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GOL Strikes a Deal with Air France-KLM - Analyst Blog
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https://www.nasdaq.com/articles/gol-strikes-a-deal-with-air-france-klm-analyst-blog-2014-02-20
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nan
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Low-cost Brazilian carrier GOL Linhas Aereas ( GOL ) has announced an exclusive strategic partnership with European giant Air France-KLM SA aimed at expanding their operations between Brazil and Europe. Shareholders reacted positively to the news as the stock gained 5.5% in the Wednesday aftermarket trade on NYSE.
Per the agreement, Air France-KLM will invest $100 million of which $52 million will be in GOL's preference share representing a 1.5% stake. The remaining $48 million will be invested as part of commercial agreements and bonus based on cost savings. Both the companies await regulatory approval for the deal.
The alliance includes increased code share, joint sales activities and enhanced offerings through their frequent flyer program, which will allow GOL to extend its service in Europe, while Air France-KLM will benefit by increasing its presence in Brazil. The agreement will allow both the companies to increase their service to 318 destinations across 115 countries.
GOL has a code sharing agreement with Della Airlines Inc. ( DAL ), whereby the two carriers will maximize the connecting routes in the Brazil-United States passage. The current code share agreement allows Delta to access 23 destinations in Brazil while GOL customers can access 5 markets that Delta currently serves.
Brazil will host the 2014 World Cup and 2016 Summer Olympics, two of the biggest global sporting events. This year the country is expected to get around 600,000 international visitors in addition to 3 million domestic fans during the event, presenting a big opportunity for passenger carriers like GOL.
Thus the partnership will strengthen GOL's position in Europe - one of the most popular destinations for Brazil. Passengers from Europe are only expected to increase during the world cup, and drive growth. However, persistent weakness in the Brazilian economy, a depreciating Real and surging operating costs could create headwinds for the company going forward.
GOL currently carries a Zacks Rank #3 (Hold). Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). Both carry a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
GOL LINHAS-ADR (GOL): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. GOL has a code sharing agreement with Della Airlines Inc. ( DAL ), whereby the two carriers will maximize the connecting routes in the Brazil-United States passage.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). The current code share agreement allows Delta to access 23 destinations in Brazil while GOL customers can access 5 markets that Delta currently serves.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). Low-cost Brazilian carrier GOL Linhas Aereas ( GOL ) has announced an exclusive strategic partnership with European giant Air France-KLM SA aimed at expanding their operations between Brazil and Europe.
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Better-ranked stocks within this sector include United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report GOL LINHAS-ADR (GOL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The agreement will allow both the companies to increase their service to 318 destinations across 115 countries.
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8708.0
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2014-02-18 00:00:00 UTC
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John Paulson Takes Giant Stakes in 3 Companies
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AAL
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https://www.nasdaq.com/articles/john-paulson-takes-giant-stakes-3-companies-2014-02-18
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nan
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After several years of middling returns, the Paulson Recovery fund recovered. It was the third top-returning large hedge fund in 2013, returning 45%, compared to 4.9% last year, according to Bloomberg.
John Paulson ( Trades , Portfolio ) in the fourth quarter also bought 16 new stocks, and holds 87 in total, in a portfolio valued at $20.3 billion. The new buys include massive stakes in three companies.
Extended Stay America Inc. ( STAY )
Paulson revealed owning a stake of 55,711,591 Extended Stay America Inc. shares, sized at 27.2% of the company's shares outstanding and 7.2% of Paulson's portfolio.
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Extended Stay America held its initial public offering of 28,250,000 paired shares on Nov. 13, 2013. The company expected to raise $531.1 million from the offering which it would use to pay down debt. Its share price has appreciated 11% since the offering, trading around $26.49 on Tuesday.
Extended Stay America Inc. has a market cap of $5.42 billion; its shares were traded at around $26.49 with a P/E ratio of 98.10 and P/S ratio of 4.10. Extended Stay America Inc. had an annual average earnings growth of 15.10% over the past five years.
Houghton Mifflin Harcourt Company ( HMHC )
Paulson reported a stake of 30,912,558 shares of Houghton Mifflin Harcourt Company, sized at 2.6% of his portfolio, and 22.09% of the company.
Houghton Mifflin also held an IPO on Nov. 14, 2013, selling 18.25 million shares of the company, priced at $12 a share. Its share price has since gained 22.76% to trade around $19.47 on Tuesday.
Houghton Mifflin Harcourt Company has a market cap of $2.73 billion; its shares were traded with and P/S ratio of 2.0.
American Airlines Group Inc. ( AAL )
Finally, Paulson reported owning 8.5 million shares of American Airlines Group, worth 1.1% of his portfolio.
American Airlines changed its ticker symbol on Dec. 9, 2013, when it merged with US Airways. Its shares have gained almost 40% since the merger, to trade around $34.31 on Tuesday.
The company has a market cap of $11.51 billion, with a P/E of 10.3 and P/S of 0.2.
For more John Paulson (Trades, Portfolio) stocks, visit his portfolio here. Not a Premium Member of GuruFocus?Try it free for 7 days here! About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc. ( AAL ) Finally, Paulson reported owning 8.5 million shares of American Airlines Group, worth 1.1% of his portfolio. It was the third top-returning large hedge fund in 2013, returning 45%, compared to 4.9% last year, according to Bloomberg. Extended Stay America Inc. had an annual average earnings growth of 15.10% over the past five years.
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American Airlines Group Inc. ( AAL ) Finally, Paulson reported owning 8.5 million shares of American Airlines Group, worth 1.1% of his portfolio. Extended Stay America Inc. ( STAY ) Paulson revealed owning a stake of 55,711,591 Extended Stay America Inc. shares, sized at 27.2% of the company's shares outstanding and 7.2% of Paulson's portfolio. Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks James Barrow Undervalued Stocks James Barrow Top Growth Companies James Barrow High Yield stocks Jeremy Grantham Undervalued Stocks Jeremy Grantham Top Growth Companies Jeremy Grantham High Yield stocks Prem Watsa Undervalued Stocks Prem Watsa Top Growth Companies Prem Watsa High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Andreas Halvorsen Undervalued Stocks Andreas Halvorsen Top Growth Companies Andreas Halvorsen High Yield stocks Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Extended Stay America held its initial public offering of 28,250,000 paired shares on Nov. 13, 2013.
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American Airlines Group Inc. ( AAL ) Finally, Paulson reported owning 8.5 million shares of American Airlines Group, worth 1.1% of his portfolio. Extended Stay America Inc. ( STAY ) Paulson revealed owning a stake of 55,711,591 Extended Stay America Inc. shares, sized at 27.2% of the company's shares outstanding and 7.2% of Paulson's portfolio. Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks James Barrow Undervalued Stocks James Barrow Top Growth Companies James Barrow High Yield stocks Jeremy Grantham Undervalued Stocks Jeremy Grantham Top Growth Companies Jeremy Grantham High Yield stocks Prem Watsa Undervalued Stocks Prem Watsa Top Growth Companies Prem Watsa High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Andreas Halvorsen Undervalued Stocks Andreas Halvorsen Top Growth Companies Andreas Halvorsen High Yield stocks Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Extended Stay America held its initial public offering of 28,250,000 paired shares on Nov. 13, 2013.
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American Airlines Group Inc. ( AAL ) Finally, Paulson reported owning 8.5 million shares of American Airlines Group, worth 1.1% of his portfolio. Extended Stay America Inc. ( STAY ) Paulson revealed owning a stake of 55,711,591 Extended Stay America Inc. shares, sized at 27.2% of the company's shares outstanding and 7.2% of Paulson's portfolio. Its share price has appreciated 11% since the offering, trading around $26.49 on Tuesday.
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8709.0
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2014-02-17 00:00:00 UTC
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Weekly CFO Sells Highlight: Tableau Software Inc, O'Reilly Automotive Inc, American Airlines ...
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AAL
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https://www.nasdaq.com/articles/weekly-cfo-sells-highlight-tableau-software-inc-oreilly-automotive-inc-american-airlines
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nan
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nan
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According to GuruFocus Insider Data , the recent CFO sales were: Tableau Software Inc, O'Reilly Automotive Inc, American Airlines Group Inc, and Travelers Companies Inc.
Tableau Software Inc. ( DATA ): CFO Thomas E Walker Jr. sold 50,000 Shares
On 02/07/2014, CFO Thomas E Walker Jr. sold 50,000 shares at an average price of $89.23. The price of the stock has increased by 9.75% since. Tableau Software Inc has a market cap of $5.79 billion and its shares were traded at around $97.93. The company has a P/S ratio of 31.90.
Tableau Software Inc announced their 2013 third quarter results with revenues of $61.08 million and gross profit of $56.5 million; the net income was $2.44 million. The 2012 total revenue was $127.73 million, a 104% increase from the 2011 total revenue; the 2012 gross profit was $117.37 million and the net income was $1.43 million.
Warren Buffett Recent Buys
On 02/11/2014, CEO, Co-Founder and Chairman Christian Chabot sold 300,000 shares at an average price of $89.21. The price of the stock has increased by 9.77% since. On 02/12/2014, Executive VP, Sales Kelly Wright sold 42,288 shares at an average price of $94.36. The price of the stock has increased by 3.78% since. On 02/11/2014, CDO and Co-Founder Chris Stolte sold 400,000 shares at an average price of $89.24.
O'Reilly Automotive Inc. ( ORLY ): CFO and EVP of Finance Thomas McFall sold 7,500 Shares
On 02/12/2014, CFO and EVP of Finance Thomas McFall sold 7,500 shares at an average price of $150.86. The price of the stock has increased by 2.62% since. O'Reilly Automotive Inc. has a market cap of $16.61 billion and its shares were traded at around $154.81. The company has a P/E ratio of 26.80 and P/S ratio of 2.70. Over the past 10 years, O'Reilly Automotive Inc had an annual average earnings growth of 18.90%; GuruFocus rated O'Reilly Automotive Inc the business predictability rank of 4.5-star .
O'Reilly Automotive Inc announced their 2013 third quarter results with revenues of $1.73 billion and gross profit of $879 million; the net income was $186 million. The 2012 total revenue was $6.18 billion, a 7% increase from the 2011 total revenue. The 2012 gross profit was $3.1 billion, a 9% increase from the 2011 gross profit. The 2012 net income was $585.7 million.
On 02/11/2014, CEO and President Gregory L Henslee sold 50,000 shares at an average price of $148.98. The price of the stock has increased by 3.91% since. On 02/11/2014, Chairman of the Board David E O'Reilly sold 155,000 shares at an average price of $148.96. The price of the stock has increased by 3.93% since. On 02/11/2014, SVP of Distribution Gregory D Johnson sold 2,000 shares at an average price of $148.00. The price of the stock has increased by 4.6% since.
American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek J Kerr sold 370,290 Shares
On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. The price of the stock has decreased by 2.63% since. American Airlines Group Inc has a market cap of $12.28 billion and its shares were traded at around $34.41. The company has a P/E ratio of 10.30 and P/S ratio of 0.20.
American Airlines Group Inc announced their 2013 third quarter results with revenues of $6.8 billion and gross profit of $3.58 billion; the net income was $289 million. The 2012 total revenue was $24.855 billion, a 4% increase from the 2011 total revenue. The 2012 gross profit was $12.35 billion and the net income was $1.88 billion.
On 02/13/2014, CEO W Douglas Parker sold 593,329 shares at an average price of $34.34. The price of the stock has increased by 0.2% since. On 02/13/2014, President J Scott Kirby sold 529,838 shares at an average price of $34.50. The price of the stock has decreased by 0.26% since. On 02/07/2014, EVP Corporate Affairs Stephen L Johnson sold 343,523 shares at an average price of $35.29. The price of the stock has decreased by 2.49% since.
Travelers Companies Inc. ( TRV ): Vice Chairman and CFO Jay S Benet sold 15,000 Shares
On 02/06/2014, Vice Chairman and CFO Jay S Benet sold 15,000 shares at an average price of $80.40. The price of the stock has increased by 4.5% since. Travelers Companies Inc has a market cap of $29.6 billion and its shares were traded at around $84.02. The company has a P/E ratio of 8.60 and P/S ratio of 1.20 with a dividend yield of 2.30%. Over the past 10 years, Travelers Companies, Inc. had an annual average earnings growth of 1.30%.
Travelers Companies Inc announced their 2013 third quarter results with revenues of $6.45 billion and gross profit of $3.2 billion; the net income was $864 million. The 2012 total revenue was $25.74 billion, a 1% increase from the 2011 total revenue. The 2012 gross profit was $11.1 billion and the net income was $2.47 billion.
On 02/10/2014, Chairman and Chief Executive Officer Jay S Fishman sold 152,839 shares at an average price of $81.57. The price of the stock has increased by 3% since. On 02/07/2014, Vice Chairman Alan D Schnitzer sold 91.926 shares at an average price of $80.47. The price of the stock has increased by 4.41% since. On 02/03/2014, Vice Chairman Doreen Spadorcia sold 27,800 shares at an average price of $80.52. The price of the stock has increased by 4.35% since.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek J Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. Warren Buffett Recent Buys On 02/11/2014, CEO, Co-Founder and Chairman Christian Chabot sold 300,000 shares at an average price of $89.21. On 02/10/2014, Chairman and Chief Executive Officer Jay S Fishman sold 152,839 shares at an average price of $81.57.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek J Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. According to GuruFocus Insider Data , the recent CFO sales were: Tableau Software Inc, O'Reilly Automotive Inc, American Airlines Group Inc, and Travelers Companies Inc. Tableau Software Inc. ( DATA ): CFO Thomas E Walker Jr. sold 50,000 Shares On 02/07/2014, CFO Thomas E Walker Jr. sold 50,000 shares at an average price of $89.23. O'Reilly Automotive Inc. ( ORLY ): CFO and EVP of Finance Thomas McFall sold 7,500 Shares On 02/12/2014, CFO and EVP of Finance Thomas McFall sold 7,500 shares at an average price of $150.86.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek J Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. According to GuruFocus Insider Data , the recent CFO sales were: Tableau Software Inc, O'Reilly Automotive Inc, American Airlines Group Inc, and Travelers Companies Inc. Tableau Software Inc. ( DATA ): CFO Thomas E Walker Jr. sold 50,000 Shares On 02/07/2014, CFO Thomas E Walker Jr. sold 50,000 shares at an average price of $89.23. O'Reilly Automotive Inc. ( ORLY ): CFO and EVP of Finance Thomas McFall sold 7,500 Shares On 02/12/2014, CFO and EVP of Finance Thomas McFall sold 7,500 shares at an average price of $150.86.
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American Airlines Group Inc. ( AAL ): Executive VP and CFO Derek J Kerr sold 370,290 Shares On 02/07/2014, Executive VP and CFO Derek J Kerr sold 370,290 shares at an average price of $35.34. On 02/11/2014, Chairman of the Board David E O'Reilly sold 155,000 shares at an average price of $148.96. Travelers Companies Inc has a market cap of $29.6 billion and its shares were traded at around $84.02.
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8710.0
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2014-02-17 00:00:00 UTC
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David Tepper Sticks With Airlines, Buys Halliburton, Eastman Chem, Others in Q4
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AAL
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https://www.nasdaq.com/articles/david-tepper-sticks-airlines-buys-halliburton-eastman-chem-others-q4-2014-02-17
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nan
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nan
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David Tepper ( Trades , Portfolio ) is the founder of hedge fund Appaloosa Management, widely followed for repeatedly acing the market in both up and down years. Last year was no different, with the guru reporting to returning more than 40% gross on his investors' money.
In a November Bloomberg interview, Tepper said for 2014 he foresees markets possibly falling 5% to 10% as a result of decreased Federal stimulus, but is bullish on stocks overall. Last year, he also said his "big play in the market" was airlines, and according to his newly released fourth quarter portfolio, he is retaining his significant investment in the sector.
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Tepper's Top New Buys
American Airlines Group Inc. ( AAL )
What appears to be Tepper's largest new buy, American Airlines Group Inc. ( AAL ), is in a former holding trading under a new ticker symbol after a December merger. He reports owning 7,022,765 shares of the company, occupying 2.2% of his portfolio. The stock's price averaged $26 in the fourth quarter.
American Airlines Group formed on Dec. 9, 2013, as a result of the merger between American Airlines and US Airways Group. Together, the two companies have an $11.55 billion market cap, and operate approximately 6,700 daily flights to more than 50 countries.
In the third quarter, Tepper held 9,385,636 shares of US Airways Group Inc., which stood for about 2.8% of his portfolio.
American Airlines Group Inc. shares trade for around $34.41 on Monday, after appreciating almost 40% since the merger. The company has a P/E of 30.46.
Halliburton Company ( HAL )
Tepper purchased 992,600 shares of Halliburton Co. for a 0.63% holding. Shares on average were priced at $52 in the fourth quarter.
Halliburton Company was established in 1919 and incorporated under the laws of the State of Delaware in 1924. Halliburton Company has a market cap of $45.58 billion; its shares were traded at around $53.57 with a P/E ratio of 22.40 and P/S ratio of 1.60. The dividend yield of Halliburton Company stocks is 1.0%. Halliburton Company had an annual average earnings growth of 13.50% over the past 10 years.
Eastman Chemical Company ( EMN )
Tepper bought 601,112 shares of Eastman Chemical Company for a 0.61% portfolio position. The company's fourth-quarter price averaged $78 per share.
Eastman Chemical Company began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, as of Dec. 31, 1993.
Eastman Chemical Company has a market cap of $12.75 billion; its shares were traded at around $82.84 with a P/E ratio of 17.30 and P/S ratio of 1.30. The dividend yield of Eastman Chemical Company stocks is 1.50%. Eastman Chemical Company had an annual average earnings growth of 19.50% over the past 10 years. GuruFocus rated Eastman Chemical Company the business predictability rank of 2-star.
Baidu Inc. ( BIDU )
Tepper bought 205,692 shares of Baidu Inc., equal to 0.46% of his portfolio. The fourth quarter average price was $162.
Baidu Inc. was incorporated in the Cayman Islands in January 2000. Baidu Inc. has a market cap of $58.56 billion; its shares were traded at around $167.48 with a P/E ratio of 42.70 and P/S ratio of 15.80. Baidu Inc. had an annual average earnings growth of 84.90% over the past five years.
CBS Corp ( CBS )
Tepper bought 489,000 shares of CBS Corp, a 0.39% portfolio holding. The fourth quarter share price average was $59.
CBS Corp was organized in Delaware in 1986. It is a mass media company with operations in the following segments: Television, Radio, Outdoor and Parks/Publishing. CBS Corp has a market cap of $38.98 billion; its shares were traded at around $64.96 with a P/E ratio of 22.80 and P/S ratio of 2.70. The dividend yield of CBS Corp stocks is 0.70%.
See David Tepper (Trades, Portfolio)'s portfolio here. Not a Premium Member of GuruFocus?Try it free for 7 days here!
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Bill Gates Undervalued Stocks Bill Gates Top Growth Companies Bill Gates High Yield stocks Sarah Ketterer Undervalued Stocks Sarah Ketterer Top Growth Companies Sarah Ketterer High Yield stocks Steven Cohen Undervalued Stocks Steven Cohen Top Growth Companies Steven Cohen High Yield stocks Mariko Gordon Undervalued Stocks Mariko Gordon Top Growth Companies Mariko Gordon High Yield stocks David Einhorn Undervalued Stocks David Einhorn Top Growth Companies David Einhorn High Yield stocks David Tepper Undervalued Stocks David Tepper Top Growth Companies David Tepper High Yield stocks Tepper's Top New Buys American Airlines Group Inc. ( AAL ) What appears to be Tepper's largest new buy, American Airlines Group Inc. ( AAL ), is in a former holding trading under a new ticker symbol after a December merger. David Tepper ( Trades , Portfolio ) is the founder of hedge fund Appaloosa Management, widely followed for repeatedly acing the market in both up and down years. In a November Bloomberg interview, Tepper said for 2014 he foresees markets possibly falling 5% to 10% as a result of decreased Federal stimulus, but is bullish on stocks overall.
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Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Bill Gates Undervalued Stocks Bill Gates Top Growth Companies Bill Gates High Yield stocks Sarah Ketterer Undervalued Stocks Sarah Ketterer Top Growth Companies Sarah Ketterer High Yield stocks Steven Cohen Undervalued Stocks Steven Cohen Top Growth Companies Steven Cohen High Yield stocks Mariko Gordon Undervalued Stocks Mariko Gordon Top Growth Companies Mariko Gordon High Yield stocks David Einhorn Undervalued Stocks David Einhorn Top Growth Companies David Einhorn High Yield stocks David Tepper Undervalued Stocks David Tepper Top Growth Companies David Tepper High Yield stocks Tepper's Top New Buys American Airlines Group Inc. ( AAL ) What appears to be Tepper's largest new buy, American Airlines Group Inc. ( AAL ), is in a former holding trading under a new ticker symbol after a December merger. Eastman Chemical Company ( EMN ) Tepper bought 601,112 shares of Eastman Chemical Company for a 0.61% portfolio position. CBS Corp ( CBS ) Tepper bought 489,000 shares of CBS Corp, a 0.39% portfolio holding.
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Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Bill Gates Undervalued Stocks Bill Gates Top Growth Companies Bill Gates High Yield stocks Sarah Ketterer Undervalued Stocks Sarah Ketterer Top Growth Companies Sarah Ketterer High Yield stocks Steven Cohen Undervalued Stocks Steven Cohen Top Growth Companies Steven Cohen High Yield stocks Mariko Gordon Undervalued Stocks Mariko Gordon Top Growth Companies Mariko Gordon High Yield stocks David Einhorn Undervalued Stocks David Einhorn Top Growth Companies David Einhorn High Yield stocks David Tepper Undervalued Stocks David Tepper Top Growth Companies David Tepper High Yield stocks Tepper's Top New Buys American Airlines Group Inc. ( AAL ) What appears to be Tepper's largest new buy, American Airlines Group Inc. ( AAL ), is in a former holding trading under a new ticker symbol after a December merger. Eastman Chemical Company ( EMN ) Tepper bought 601,112 shares of Eastman Chemical Company for a 0.61% portfolio position. Eastman Chemical Company began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, as of Dec. 31, 1993.
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Bruce Berkowitz Undervalued Stocks Bruce Berkowitz Top Growth Companies Bruce Berkowitz High Yield stocks Edward Lampert Undervalued Stocks Edward Lampert Top Growth Companies Edward Lampert High Yield stocks Ken Fisher Undervalued Stocks Ken Fisher Top Growth Companies Ken Fisher High Yield stocks Joel Greenblatt Undervalued Stocks Joel Greenblatt Top Growth Companies Joel Greenblatt High Yield stocks George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks David Herro Undervalued Stocks David Herro Top Growth Companies David Herro High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks Bill Gates Undervalued Stocks Bill Gates Top Growth Companies Bill Gates High Yield stocks Sarah Ketterer Undervalued Stocks Sarah Ketterer Top Growth Companies Sarah Ketterer High Yield stocks Steven Cohen Undervalued Stocks Steven Cohen Top Growth Companies Steven Cohen High Yield stocks Mariko Gordon Undervalued Stocks Mariko Gordon Top Growth Companies Mariko Gordon High Yield stocks David Einhorn Undervalued Stocks David Einhorn Top Growth Companies David Einhorn High Yield stocks David Tepper Undervalued Stocks David Tepper Top Growth Companies David Tepper High Yield stocks Tepper's Top New Buys American Airlines Group Inc. ( AAL ) What appears to be Tepper's largest new buy, American Airlines Group Inc. ( AAL ), is in a former holding trading under a new ticker symbol after a December merger. In the third quarter, Tepper held 9,385,636 shares of US Airways Group Inc., which stood for about 2.8% of his portfolio. The company has a P/E of 30.46.
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8711.0
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2014-02-14 00:00:00 UTC
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American Airlines Wins JFK Slots - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/american-airlines-wins-jfk-slots-analyst-blog-2014-02-14
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nan
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Newly formed American Airlines Group Inc. ( AAL ) has gained ownership right of 12 pairs of take-off and landing slots at New York's John F. Kennedy International Airport (JFK) in a swap deal with JetBlue Airways Corp. ( JBLU ).
In exchange, JetBlue won the right for 16 slots at Reagan National Airport (DCA), which is currently being leased from American Airlines. Notably, both the carriers have been leasing the slots to each other since 2010.
In Jan 2014, Southwest Airlines Co. ( LUV ) won bids to purchase 54 take-off and landing slots, while JetBlue won 40 such slots, including the above mentioned 16 at DCA. However, the financial details of the deal were not disclosed and are subject to final approval by the U.S. justice department. In Dec 2013, Southwest acquired 22 take-off and landing slots while Virgin America won 12 such slots at New York's La Guardia airport (LGA).
The slot divestment is part of the mega merger between American Airlines and U.S. Airways Group Inc. which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at LGA. Further, the carriers have to divest two gates and related facilities at each of the Boston, Chicago, Dallas, Los Angeles and Miami airports.
JFK is one of the busiest national and international hubs, with passengers flying from all major destinations in the world. We thus believe that the slot purchase augments American Airlines' presence in JFK - an airport, which faces flight access restriction to reduce congestion. Additionally, American Airlines will also fortify against rival Delta Airlines Inc. ( DAL ) in New York, where it has a strong foothold.
American Airlines currently carries a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Newly formed American Airlines Group Inc. ( AAL ) has gained ownership right of 12 pairs of take-off and landing slots at New York's John F. Kennedy International Airport (JFK) in a swap deal with JetBlue Airways Corp. ( JBLU ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Further, the carriers have to divest two gates and related facilities at each of the Boston, Chicago, Dallas, Los Angeles and Miami airports.
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Newly formed American Airlines Group Inc. ( AAL ) has gained ownership right of 12 pairs of take-off and landing slots at New York's John F. Kennedy International Airport (JFK) in a swap deal with JetBlue Airways Corp. ( JBLU ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. In Jan 2014, Southwest Airlines Co. ( LUV ) won bids to purchase 54 take-off and landing slots, while JetBlue won 40 such slots, including the above mentioned 16 at DCA.
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Newly formed American Airlines Group Inc. ( AAL ) has gained ownership right of 12 pairs of take-off and landing slots at New York's John F. Kennedy International Airport (JFK) in a swap deal with JetBlue Airways Corp. ( JBLU ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. The slot divestment is part of the mega merger between American Airlines and U.S. Airways Group Inc. which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at LGA.
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Newly formed American Airlines Group Inc. ( AAL ) has gained ownership right of 12 pairs of take-off and landing slots at New York's John F. Kennedy International Airport (JFK) in a swap deal with JetBlue Airways Corp. ( JBLU ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. In exchange, JetBlue won the right for 16 slots at Reagan National Airport (DCA), which is currently being leased from American Airlines.
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8712.0
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2014-02-12 00:00:00 UTC
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Why You Need to Pay Attention to Matrix Service (MTRX) Stock? - Tale of the Tape
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AAL
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https://www.nasdaq.com/articles/why-you-need-to-pay-attention-to-matrix-service-mtrx-stock-tale-of-the-tape-2014-02-12
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nan
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One company that should be on your radar is Matrix Service Company ( MTRX ).The stock of this company in the Construction space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MTRX's full year estimate, we have seen 1 estimate go higher in the past 30 days with no downward revision over the same time frame. Nonetheless, the trend has helped the consensus estimate to trend higher, increasing from $1.13 per share a month ago to its current level of $1.23.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, MTRX has seen some pretty solid trading lately, as the company has moved higher by 20.2% in the past month.
If Matrix Service can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put MTRX on your watch list for the future.
Other top-ranked stocks worth considering in the same space include Profire Energy, Inc. ( PFIE ), Allison Transmission Holdings, Inc. ( ALSN ) and American Airlines Group Inc. ( AAL ). All these stocks carry Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
AMER AIRLINES (AAL): Free Stock Analysis Report
ALLISON TRANSMN (ALSN): Free Stock Analysis Report
MATRIX SERVICE (MTRX): Free Stock Analysis Report
PROFIRE ENERGY (PFIE): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other top-ranked stocks worth considering in the same space include Profire Energy, Inc. ( PFIE ), Allison Transmission Holdings, Inc. ( ALSN ) and American Airlines Group Inc. ( AAL ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report MATRIX SERVICE (MTRX): Free Stock Analysis Report PROFIRE ENERGY (PFIE): Get Free Report To read this article on Zacks.com click here. In fact, MTRX has seen some pretty solid trading lately, as the company has moved higher by 20.2% in the past month.
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Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report MATRIX SERVICE (MTRX): Free Stock Analysis Report PROFIRE ENERGY (PFIE): Get Free Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same space include Profire Energy, Inc. ( PFIE ), Allison Transmission Holdings, Inc. ( ALSN ) and American Airlines Group Inc. ( AAL ). One company that should be on your radar is Matrix Service Company ( MTRX ).The stock of this company in the Construction space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
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Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report MATRIX SERVICE (MTRX): Free Stock Analysis Report PROFIRE ENERGY (PFIE): Get Free Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same space include Profire Energy, Inc. ( PFIE ), Allison Transmission Holdings, Inc. ( ALSN ) and American Airlines Group Inc. ( AAL ). One company that should be on your radar is Matrix Service Company ( MTRX ).The stock of this company in the Construction space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
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Other top-ranked stocks worth considering in the same space include Profire Energy, Inc. ( PFIE ), Allison Transmission Holdings, Inc. ( ALSN ) and American Airlines Group Inc. ( AAL ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report MATRIX SERVICE (MTRX): Free Stock Analysis Report PROFIRE ENERGY (PFIE): Get Free Report To read this article on Zacks.com click here. One company that should be on your radar is Matrix Service Company ( MTRX ).The stock of this company in the Construction space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
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8713.0
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2014-02-12 00:00:00 UTC
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Jan Traffic Declines for JetBlue - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/jan-traffic-declines-for-jetblue-analyst-blog-2014-02-12
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nan
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JetBlue Airways Corporation ( JBLU ) displayed weak traffic across its network for the month of Jan 2014. The carrier reported airline traffic - measured in revenue passenger miles or RPMs - of 2.78 million, down 0.1% year over year. Consolidated capacity (or available seat miles/ASMs) was also down 1.4% year over year at 3.36 billion.
The load factor or percentage of seats filled by passengers, however, was 82.8%, up 110 basis points. Passenger revenue per available seat mile (PRASM) increased 6% year over year, despite the negative impact of harsh winter storms of January. The company registered a completion factor of 89.3%, with on-time performance of 56.9%.
We expect JetBlue to sustain traffic growth in the coming days based on increasing travel demand, network expansion, fleet re-designing, optimization of unit revenues, capital expenditure management and disciplined growth. The company's growing presence in key markets and penetration into untapped arenas will support its momentum.
Further, the company has won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington. The slot purchase is part of a mega merger deal between American Airlines and U.S. Airways Group that led to the formation of American Airlines Group Inc. ( AAL ).
JetBlue could take over 12 such slot pairs and obtain 8 additional pairs in DCA subject to the final approval of the U.S. justice department. The slot wins will allow JetBlue to gain a significant portion of the Washington air service market if it can price its shares attractively. Thus despite the decline in Jan traffic we remain bullish on the company's prospects.
JetBlue Airways carries a Zacks Rank #2 (Buy). Other stocks worth considering within this sector are Southwest Airlines Co. ( LUV ) and United Continental Holdings Inc. ( UAL ). Both Southwest and United carry a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The slot purchase is part of a mega merger deal between American Airlines and U.S. Airways Group that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue Airways Corporation ( JBLU ) displayed weak traffic across its network for the month of Jan 2014.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The slot purchase is part of a mega merger deal between American Airlines and U.S. Airways Group that led to the formation of American Airlines Group Inc. ( AAL ). The carrier reported airline traffic - measured in revenue passenger miles or RPMs - of 2.78 million, down 0.1% year over year.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The slot purchase is part of a mega merger deal between American Airlines and U.S. Airways Group that led to the formation of American Airlines Group Inc. ( AAL ). The carrier reported airline traffic - measured in revenue passenger miles or RPMs - of 2.78 million, down 0.1% year over year.
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The slot purchase is part of a mega merger deal between American Airlines and U.S. Airways Group that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue Airways Corporation ( JBLU ) displayed weak traffic across its network for the month of Jan 2014.
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8714.0
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2014-02-12 00:00:00 UTC
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Jan Traffic Dips for United Continental - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/jan-traffic-dips-for-united-continental-analyst-blog-2014-02-12
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United Continental Holdings Inc. 's ( UAL ) Jan 2014 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - decreased 1.6% year over year to 15.23 billion. Consolidated capacity (or available seat miles/ASMs) for the month was 18.82 billion, down 2.8% from Jan 2013.
The load factor (percentage of seats filled by passengers) improved to 80.9% from 79.9% in the same month, last year. The company registered a completion factor of 95.7%, with nearly 71.1% of flights on schedule.
The harsh winter storms forced the carrier to cancel more than 1,000 flights during the month, which reduced its consolidated capacity. However, lower capacity as compared to traffic led to a higher occupancy rate for the month.
The airline behemoth chalked out plans to overhaul its finances as it underperformed its domestic peers in recent times. The passenger airline plans to reduce its annual costs by $2 billion by cutting fuel and sourcing costs, improving maintenance, and optimizing distribution channels.
Additionally, the Chicago-based carrier is also making solid progress in expanding its on-board products and services in both domestic and international fleet to perk up its ancillary revenue contributions.
Apart from that, expansion of its global and domestic route network with the introduction of non-stop flights and continuous investments to upgrade its fleet by scraping the older aircraft for new fuel efficient ones will drive its bottom line going forward. We thus remain bullish on the company despite the weak operational results.
United Continental carries a Zacks Rank #1 (Strong Buy). Other stocks worth considering within this sector are Southwest Airlines Co. ( LUV ), JetBlue Airways Corp. ( JBLU ) and Copa Holdings SA ( CPA ). Southwest carries a Zacks Rank #1 while JetBlue and Copa carry a Zacks Rank of #2 (Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
COPA HLDGS SA-A (CPA): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AMER AIRLINES (AAL): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the Chicago-based carrier is also making solid progress in expanding its on-board products and services in both domestic and international fleet to perk up its ancillary revenue contributions. Apart from that, expansion of its global and domestic route network with the introduction of non-stop flights and continuous investments to upgrade its fleet by scraping the older aircraft for new fuel efficient ones will drive its bottom line going forward.
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AMER AIRLINES (AAL): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. United Continental Holdings Inc. 's ( UAL ) Jan 2014 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - decreased 1.6% year over year to 15.23 billion. Other stocks worth considering within this sector are Southwest Airlines Co. ( LUV ), JetBlue Airways Corp. ( JBLU ) and Copa Holdings SA ( CPA ).
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AMER AIRLINES (AAL): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. United Continental Holdings Inc. 's ( UAL ) Jan 2014 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - decreased 1.6% year over year to 15.23 billion. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AMER AIRLINES (AAL): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated capacity (or available seat miles/ASMs) for the month was 18.82 billion, down 2.8% from Jan 2013. The load factor (percentage of seats filled by passengers) improved to 80.9% from 79.9% in the same month, last year.
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8715.0
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2014-02-11 00:00:00 UTC
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Grace's Chapter 11 Reorganization Plan Effective: GRA Added To Post-Bankruptcy Stock Index
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AAL
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https://www.nasdaq.com/articles/graces-chapter-11-reorganization-plan-effective-gra-added-post-bankruptcy-stock-index-2014
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nan
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nan
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By George Putnam :
After nearly thirteen long years operating under Chapter 11 protection, chemical & construction icon W.R. Grace & Co. has finally emerged from bankruptcy. The information provided below details Grace's history, Chapter 11 reorganization and post-bankruptcy stock prospects. GRA is the most recent addition to The Turnaround Letter'sPost-Bankruptcy Stock Index TM , which reflects the post-bankruptcy investing climate by tracking the 20 largest post-bankruptcy stocks within the four-year span immediately after their emergence. Other recent additions to the Index include American Airlines ( AAL ) and Eastman Kodak ( KODK ).
Corporate Background
Today's Grace is a premier specialty chemicals and materials provider. The Company dates back to 1854, when William Russell launched operations in Peru. Twenty years later, Grace relocated to The Big Apple and was formally chartered and incorporated in 1872 and 1899, respectively. Grace launched its NYSE listing in 1953, and the Company first entered the specialty chemicals industry the following year with its acquisition of Dewey & Almy Chemical Company and Davison Chemical Company. These purchases specifically established the Company's catalysts, packaging, silicas and construction product lines.
Chapter 11 Filing
This bankruptcy was the result of an increase in the number of personal injury and property damage claims asserted against the Company as a result of exposure to asbestos contained in certain previously-manufactured products. In 2000, asbestos-related claims against the Company rose 81%, with an even higher rate of increase during the first three months of 2001 - seriously threatening Grace's core business operations.
The Company ultimately concluded that the only way to define and resolve its asbestos liabilities, while preserving the value and viability of core business operations, was a reorganization under Chapter 11 of the Bankruptcy Code. As of its April 2001 petition date, W.R. Grace was a defendant in approximately 70,000 asbestos-related lawsuits related to property damage and personal injury claimants. Grace's April 2001 Chapter 11 filing included 62 of the Company's domestic entities but none of its foreign subsidiaries.
After nearly ten contentious years operating under Chapter 11 protection, the U.S. Bankruptcy Court entered an order confirming the First Amended Joint Plan of Reorganization, as modified and filed by Grace, the Official Committee of Asbestos Personal Injury Claimants, the asbestos personal injury Future Claimants Representative and the Official Committee of Equity Security Holders. In her opinion, Judge Judith Fitzgerald resolved all outstanding objections to the Joint Plan in favor of Grace and its co-proponents.
As a result of the asbestos-related nature of the proceeding, Grace also needed U.S. District Court approval of its Plan. In January 2012, the District Court issued an order denying all objections and confirming the Plan in its entirety. The District Court reaffirmed its January 2012 confirmation order on June 11, 2012 following a motion for reconsideration. The District Court order states, "Having now reviewed several thousand pages of party briefing and having had the benefit of two oral arguments, the Court finds that the parties' Objections are denied, and…the Joint Plan is confirmed in its entirety."
During 2013, five separate appeals were argued before the Third Circuit Court of Appeals. The Court denied four appeals in the third quarter of 2013; and, in the fourth quarter, the Company settled a fifth appeal relating to the amount of interest payable on its pre-petition bank debt and recorded a $129 million charge.
The Plan finally became effective on February 3, 2014 after Grace's $2.6 billion bankruptcy lumbered on for nearly 13 years - more than double the average stint of the majority of asbestos-related Chapter 11 filings, as detailed below:
Interior finishings retailer Armstrong World Industries, Inc. ($4.2 billion in assets) from December 2000 through October 2006.
Energy services provider TheBabcock & Wilcox Company (a subsidiary of McDermott International, Inc.) from February 2000 through February 2006.
Machinery and auto parts manufacturer Eagle-Picher Industries, Inc. ($479 million in assets) from January 1991 through November 1996.
Automotive parts manufacturer Federal-Mogul Corporation ($10.1 billion in assets) from October 2001 through December 2007.
Composite materials provider Keene Corp. (with $132 million in assets) from December 1993 through July 1996.
Building products manufacturer Manville Corp. ($2.8 billion in assets) from August 1982 through November 1988.
Mineral products supplier Owens Corning ($6.5 billion in assets) from October 2000 through September 2006.
Materials manufacturer Raytech Corp. ($73 million in assets) from March 1989 through July 2006.
Steel tubing/products manufacturer UNR Industries, Inc. (with $219 million in assets) from July 1982 through September 1989.
Building products manufacturer USG Corporation ($3.2 billion in assets) from June 2001 through June 2006.
Key Terms of Reorganization Plan
Grace's confirmed and effective Plan establishes two asbestos trusts, under Section 524(g) of the U.S. Bankruptcy Code, to compensate personal injury claimants and property owners. Funds for the trusts will come from a variety of sources, including cash, warrants to purchase the Company's common stock, deferred payment obligations, insurance proceeds and payments from successor companies.
Upon the Plan's effective date, the personal injury trust was funded with the following: A) $557.75 million in cash from Grace; B) a warrant to acquire 10 million shares of Grace's common stock at an exercise price of $17.00 per share, expiring one year after effective date; C) rights to all proceeds under all of Grace's insurance policies that are available for payment of personal injury claims; D) $42.13 million in cash from a subsidiary of Fresenius AG, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Fresenius; and E) $856.82 million in cash and 18 million shares of Sealed Air Corporation's common stock paid by Cryovac, Inc., a wholly-owned subsidiary of Sealed Air, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Cryovac and Sealed Air.
The Company is obligated to make $110 million in deferred payments to the personal injury trust for five years beginning in 2019 and $100 million annually for ten years beginning in 2024, which obligation is secured by Grace's obligation to issue 77,372,257 shares of the Company's common stock to the asbestos trusts in the event of default.
All property damage claims have been channeled to the property damage trust for resolution, and the property damage trust contains two accounts: the property damage account and the Zonolite attic insulation property damage account. Following the effective date, unresolved and future non-Zonolite attic insulation property damage claims are to be litigated pursuant to procedures to be approved by the U.S. Bankruptcy Court and, to the extent such property damage claims are determined to be allowed claims, are to be paid in cash by the property damage trust.
On the effective date, the Zonolite attic insulation property damage account of the property damage trust was funded with approximately $34.36 million in cash from Cryovac and Fresenius. Grace is obligated to make a payment of $30 million in cash to the Zonolite attic insulation property damage account on the third anniversary of the effective date and to make upto ten contingent deferred payments of $8 million annually to the Zonolite attic insulation property damage account during the 20-year period beginning on the fifth anniversary of the effective date (with each such payment due only if the assets of the Zonolite attic insulation property damage account fall below $10 million during the preceding year).
The property damage trust is to resolve U.S. Zonolite attic insulation property damage claims that qualify for payment by paying 55% of the claimed amount, but in no event is the property damage trust to pay more per claim than 55% of $7,500 (as adjusted for inflation each year after the fifth anniversary of the effective date).
Concurrent with effectiveness of this Plan, the Company entered into a credit agreement with Goldman Sachs Bank USA, as administrative agent that provides for the following: a $250 million revolving facility due 2019, a $150 million multicurrency revolving facility due 2019, a $700 million term loan due 2021, a 150 million euro term loan due 2021 and a $250 million delayed draw term loan facility due 2021.
Post-Bankruptcy Outlook
Grace emerges from Chapter 11 protection as a publicly-traded entity ( GRA ). As of December 31, 2013, the Company estimated its consolidated assets to be $5,398.4 million; consolidated liabilities to be $4,827.2 million and stockholders' equity of $571.2 million. The Turnaround Letter has long maintained that post-bankruptcy stocks represent an interesting investing sector because they operate in such an inefficient niche and often move independent of the overall market. Although some companies take advantage of the Chapter 11 process to reshape businesses and balance sheets - to ultimately emerge as stronger, more competitive entities - investors are often biased against post-bankruptcy situations. As a result, these companies can be undervalued and, in select situations, represent an appealing turnaround investing opportunity.
New Generation Research's Post-Bankruptcy Stock Index TM monitors the market capitalization of the 20-largest post-bankruptcy stocks, and GRA will now be added to the Index - joining other recent additions AMR and Eastman Kodak. Since its inception on January 1, 2012, the Index has significantly outperformed, gaining 92.6% versus 42.7% for the S&P 500 Index. In terms of recent performance, post-bankruptcy stocks have very slightly underperformed the S&P, 19.2% to 19.5%, over the past twelve months. The Index's post-bankruptcy stocks underperformed over the first part of last year but caught up later in the year, outperforming the S&P over the last three- and six-month periods (see graphic below).
As of February 3, 2014, 77,063,385 shares of Grace's common stock were issued and outstanding; and an aggregate of 87,372,257 shares of the Company's common stock are reserved for future issuance in respect of claims and interests filed and allowed under the Plan. Grace has been quick to address post-bankruptcy investor sentiment. Just two days after emergence, its board authorized a $500-million share repurchase program to be completed over the next 12 to 24 months. Fred Festa, chair and CEO, comments, "This program demonstrates our commitment to increasing long-term shareholder value. Our strong balance sheet and cash flow provide the financial flexibility both to invest in growth and return capital to shareholders."
Although Grace's long-term post-bankruptcy financial health and investing appeal remain to be seen, I do like current prospects for this sector, as a whole--which is why I recently highlighted ten stock picks within the chemical industry. Many chemical companies appear to be well-positioned to profit from the continuing economic rebound in the United States and other parts of the world. Increased industrial activity will boost demand for numerous chemical products. Moreover, low natural gas prices in the U.S. are a boon to domestic chemical producers since they use gas as both an energy source and a raw material. For example, Dow Chemical ( DOW ) looks even more attractive now in light of the news that activist hedge fund manager Dan Loeb has taken a big position in the stock. Learn more about my favorite value stock opportunities within the chemical sector.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
See also Barron's Picks And Pans For The Week Of March 31 on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other recent additions to the Index include American Airlines ( AAL ) and Eastman Kodak ( KODK ). The Turnaround Letter has long maintained that post-bankruptcy stocks represent an interesting investing sector because they operate in such an inefficient niche and often move independent of the overall market. Although some companies take advantage of the Chapter 11 process to reshape businesses and balance sheets - to ultimately emerge as stronger, more competitive entities - investors are often biased against post-bankruptcy situations.
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Other recent additions to the Index include American Airlines ( AAL ) and Eastman Kodak ( KODK ). After nearly ten contentious years operating under Chapter 11 protection, the U.S. Bankruptcy Court entered an order confirming the First Amended Joint Plan of Reorganization, as modified and filed by Grace, the Official Committee of Asbestos Personal Injury Claimants, the asbestos personal injury Future Claimants Representative and the Official Committee of Equity Security Holders. Upon the Plan's effective date, the personal injury trust was funded with the following: A) $557.75 million in cash from Grace; B) a warrant to acquire 10 million shares of Grace's common stock at an exercise price of $17.00 per share, expiring one year after effective date; C) rights to all proceeds under all of Grace's insurance policies that are available for payment of personal injury claims; D) $42.13 million in cash from a subsidiary of Fresenius AG, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Fresenius; and E) $856.82 million in cash and 18 million shares of Sealed Air Corporation's common stock paid by Cryovac, Inc., a wholly-owned subsidiary of Sealed Air, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Cryovac and Sealed Air.
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Other recent additions to the Index include American Airlines ( AAL ) and Eastman Kodak ( KODK ). Upon the Plan's effective date, the personal injury trust was funded with the following: A) $557.75 million in cash from Grace; B) a warrant to acquire 10 million shares of Grace's common stock at an exercise price of $17.00 per share, expiring one year after effective date; C) rights to all proceeds under all of Grace's insurance policies that are available for payment of personal injury claims; D) $42.13 million in cash from a subsidiary of Fresenius AG, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Fresenius; and E) $856.82 million in cash and 18 million shares of Sealed Air Corporation's common stock paid by Cryovac, Inc., a wholly-owned subsidiary of Sealed Air, pursuant to the terms of a settlement agreement resolving asbestos-related, successor liability and fraudulent transfer claims against Cryovac and Sealed Air. The Company is obligated to make $110 million in deferred payments to the personal injury trust for five years beginning in 2019 and $100 million annually for ten years beginning in 2024, which obligation is secured by Grace's obligation to issue 77,372,257 shares of the Company's common stock to the asbestos trusts in the event of default.
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Other recent additions to the Index include American Airlines ( AAL ) and Eastman Kodak ( KODK ). Grace launched its NYSE listing in 1953, and the Company first entered the specialty chemicals industry the following year with its acquisition of Dewey & Almy Chemical Company and Davison Chemical Company. Chapter 11 Filing This bankruptcy was the result of an increase in the number of personal injury and property damage claims asserted against the Company as a result of exposure to asbestos contained in certain previously-manufactured products.
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8716.0
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2014-02-04 00:00:00 UTC
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Southwest to Fly from Dallas Love Field - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/southwest-to-fly-from-dallas-love-field-analyst-blog-2014-02-04
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nan
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nan
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Leading U.S. passenger carrier Southwest Airlines Co. ( LUV ) announced that it will offer non-stop service to domestic destinations from Dallas Love Filed airport from where flight limitations will finally be lifted.
Starting Oct 13, Southwest plans to operate non-stop flights to Baltimore, Las Vegas, Denver, Orlando and Florida from Dallas. From Nov 2, non-stop services from Dallas will be extended to 10 other cities, which include popular destinations like Atlanta, New York, Washington and Los Angeles among others.
Back in 1979, flight restrictions were imposed on Dallas Love Field under the Wright Amendment which is a federal law aimed at supporting the city's other airport - Fort Worth International Airport. The restriction will end in Oct 2014, creating more competition in Dallas where the newly formed American Airlines Group Inc. ( AAL ) has a strong foothold. Post expiry, Southwest expects to fly directly to 41 more states from this popular destination.
Recently, Southwest won bids to purchase 27 take-off and landing slots at Reagan National Airport (DCA) in Washington that will increase the carrier's daily departure from DCA to 44 from the present 17. Rival JetBlue Airways Corp. ( JBLU ) won the right for 12 such slots in the same airport. Both the transactions still require the green signal from the U.S. justice department.
Earlier in Dec 2013, Southwest acquired 22 take-off and landing slots at New York's La Guardia airport (LGA). The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. which required the carriers to give up 52 take-off and landing slots at DCA and 17 pairs at LGA.
The last few months have been really fruitful for Southwest. Apart from slot purchases the company delivered a stellar fourth quarter of 2013, beating the Zacks Consensus Estimate on both lines. The company even plans to fly internationally, under its own brand as it nears the integration of AirTran with itself. These recent slew of positive news makes us bullish on Southwest for 2014.
We believe Southwest could curb the dominance of American Airlines thus getting a significant share in the Dallas market if it could price its tickets competitively. However, consumers will be the biggest gainers from the heightened competition as it will result in low average fares.
Southwest sports a Zacks Rank #1 (Strong Buy). Another stock worth considering within this sector is United Continental Holdings Inc. ( UAL ), which carries the same Zacks Rank as Southwest.
AMER AIRLINES (AAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The restriction will end in Oct 2014, creating more competition in Dallas where the newly formed American Airlines Group Inc. ( AAL ) has a strong foothold. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading U.S. passenger carrier Southwest Airlines Co. ( LUV ) announced that it will offer non-stop service to domestic destinations from Dallas Love Filed airport from where flight limitations will finally be lifted.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The restriction will end in Oct 2014, creating more competition in Dallas where the newly formed American Airlines Group Inc. ( AAL ) has a strong foothold. Recently, Southwest won bids to purchase 27 take-off and landing slots at Reagan National Airport (DCA) in Washington that will increase the carrier's daily departure from DCA to 44 from the present 17.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The restriction will end in Oct 2014, creating more competition in Dallas where the newly formed American Airlines Group Inc. ( AAL ) has a strong foothold. Leading U.S. passenger carrier Southwest Airlines Co. ( LUV ) announced that it will offer non-stop service to domestic destinations from Dallas Love Filed airport from where flight limitations will finally be lifted.
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The restriction will end in Oct 2014, creating more competition in Dallas where the newly formed American Airlines Group Inc. ( AAL ) has a strong foothold. AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading U.S. passenger carrier Southwest Airlines Co. ( LUV ) announced that it will offer non-stop service to domestic destinations from Dallas Love Filed airport from where flight limitations will finally be lifted.
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8717.0
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2014-01-31 00:00:00 UTC
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Largest option trades in equities
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AAL
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https://www.nasdaq.com/articles/largest-option-trades-equities-2014-01-31
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
American Airlines (AAL): Almost 3,700 of the weekly 35 calls expiring Friday, Feb. 7 were purchased for $0.20 to $0.38 as investors look for upside in the shares. AAL is down 0.21 percent to $33.73.
Amarin (AMRN): Some 3,000 of the September 3 calls were sold for $0.25 as investors wagered there's only limited upside in the stock price. AMRN fell 2.23 percent to $1.76.
Hasbro (HAS): More than 2,500 of the April 52.50 calls were sold for $0.85 as an investor abandoned a long position in the toymaker. HAS fell 3.75 percent to $48.93.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL): Almost 3,700 of the weekly 35 calls expiring Friday, Feb. 7 were purchased for $0.20 to $0.38 as investors look for upside in the shares. AAL is down 0.21 percent to $33.73. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Airlines (AAL): Almost 3,700 of the weekly 35 calls expiring Friday, Feb. 7 were purchased for $0.20 to $0.38 as investors look for upside in the shares. AAL is down 0.21 percent to $33.73.
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American Airlines (AAL): Almost 3,700 of the weekly 35 calls expiring Friday, Feb. 7 were purchased for $0.20 to $0.38 as investors look for upside in the shares. AAL is down 0.21 percent to $33.73. Amarin (AMRN): Some 3,000 of the September 3 calls were sold for $0.25 as investors wagered there's only limited upside in the stock price.
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AAL is down 0.21 percent to $33.73. American Airlines (AAL): Almost 3,700 of the weekly 35 calls expiring Friday, Feb. 7 were purchased for $0.20 to $0.38 as investors look for upside in the shares. Amarin (AMRN): Some 3,000 of the September 3 calls were sold for $0.25 as investors wagered there's only limited upside in the stock price.
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8718.0
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2014-01-31 00:00:00 UTC
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Southwest, JetBlue Win Reagan National Slots - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/southwest-jetblue-win-reagan-national-slots-analyst-blog-2014-01-31
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nan
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nan
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Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ) announced that they have won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington. The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ).
Southwest Airlines has won bids for 27 pairs of slots, while JetBlue will take over 12 such slot pairs and obtain additional 8 pairs in DCA, which is currently being leased from American Airlines. However, the financial details of the deal were not disclosed and are subject to final approval by the U.S. justice department.
The slot win will expand Southwest's daily departure from DCA to 44 from the present 17. Also, the company expects to declare new flight details later in the quarter with services starting from the third quarter.
On the other hand, JetBlue announced its intention to activate 30 roundtrip flights from DCA as against the current 18. The increased number of flights will cover new destinations. The news was greeted positively by the shareholders of Southwest and JetBlue, as both the stocks ended in green with 2.96% and 5.75% gains, respectively.
Notably, in Nov 2013, both American Airlines and U.S. Airways got the nod for the merger after clearing a series of legal hurdles. As part of the agreement, the carriers agreed to give up 52 take-off and landing slots at DCA and 17 pairs at La Guardia airport (LGA) in New York. Notably, American Airlines still needs to vend 5 more pairs of slots at DCA to fulfil the terms of the merger.
The Department of Justice (DOJ) argued that the opening up of slots to rival carriers will enhance accessibility at some of the busiest airports and simultaneously heighten competition. The divesture has already begun with Southwest acquiring 22 take-off and landing slots while Virgin America took over 12 such slots at the busy international airport of LGA. Southwest has been significantly benefitting from the slot divesture demanded by the DOJ.
For quite some time DCA has been a very popular and high fare airport serving the political and business commuters of Washington. Both Southwest and JetBlue intend to bring down airfares to and from DCA.
We believe the deal will present a win-win situation for both the carriers as they will not only gain additional slots, but also get a significant share of the Washington air service market with competitive ticket pricing. However, consumers will be the biggest gainers from the heightened competition as it will result in low average fares.
Southwest sports a Zacks Rank #1 (Strong Buy), while JetBlue carries a Zacks Rank #2 (Buy). Another stock worth considering within this sector is United Continental Holdings Inc. ( UAL ), which carries the same Zacks Rank as Southwest.
AMER AIRLINES (AAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ) announced that they have won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ) announced that they have won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington.
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AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ) announced that they have won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington.
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The slot divestment is part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. ( LUV ) and JetBlue Airways Corp. ( JBLU ) announced that they have won bids to purchase take-off and landing slots at Reagan National Airport (DCA) in Washington.
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8719.0
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2014-01-29 00:00:00 UTC
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Company news for January 29, 2014 - Corporate Summary
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AAL
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https://www.nasdaq.com/articles/company-news-for-january-29-2014-corporate-summary-2014-01-29
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nan
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• American Airlines Group Inc.'s (NASDAQ: AAL ) shares jumped 5.9% after rebounding to a fourth-quarter adjusted profit
• Ford Motor Co. (NYSE: F ) reported fourth-quarter 2013 earnings of $0.31 a share, beating the Zacks Consensus Estimate of $0.28
• Shares of Seagate Technology Public Limited Company (NASDAQ: STX ) declined 11.3% after its non-GAAP earnings per share of $1.32 fell short of the Zacks Consensus Estimate of $1.40
• E. I. du Pont de Nemours and Company's (NYSE: DD ) shares were down 1.1% despite reporting adjusted earnings of $0.59 a share, higher than the Zacks Consensus Estimate of $0.55
AMER AIRLINES (AAL): Free Stock Analysis Report
DU PONT (EI) DE (DD): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
SEAGATE TECH (STX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• American Airlines Group Inc.'s (NASDAQ: AAL ) shares jumped 5.9% after rebounding to a fourth-quarter adjusted profit • Ford Motor Co. (NYSE: F ) reported fourth-quarter 2013 earnings of $0.31 a share, beating the Zacks Consensus Estimate of $0.28 • Shares of Seagate Technology Public Limited Company (NASDAQ: STX ) declined 11.3% after its non-GAAP earnings per share of $1.32 fell short of the Zacks Consensus Estimate of $1.40 • E. I. du Pont de Nemours and Company's (NYSE: DD ) shares were down 1.1% despite reporting adjusted earnings of $0.59 a share, higher than the Zacks Consensus Estimate of $0.55 AMER AIRLINES (AAL): Free Stock Analysis Report DU PONT (EI) DE (DD): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report SEAGATE TECH (STX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• American Airlines Group Inc.'s (NASDAQ: AAL ) shares jumped 5.9% after rebounding to a fourth-quarter adjusted profit • Ford Motor Co. (NYSE: F ) reported fourth-quarter 2013 earnings of $0.31 a share, beating the Zacks Consensus Estimate of $0.28 • Shares of Seagate Technology Public Limited Company (NASDAQ: STX ) declined 11.3% after its non-GAAP earnings per share of $1.32 fell short of the Zacks Consensus Estimate of $1.40 • E. I. du Pont de Nemours and Company's (NYSE: DD ) shares were down 1.1% despite reporting adjusted earnings of $0.59 a share, higher than the Zacks Consensus Estimate of $0.55 AMER AIRLINES (AAL): Free Stock Analysis Report DU PONT (EI) DE (DD): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report SEAGATE TECH (STX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• American Airlines Group Inc.'s (NASDAQ: AAL ) shares jumped 5.9% after rebounding to a fourth-quarter adjusted profit • Ford Motor Co. (NYSE: F ) reported fourth-quarter 2013 earnings of $0.31 a share, beating the Zacks Consensus Estimate of $0.28 • Shares of Seagate Technology Public Limited Company (NASDAQ: STX ) declined 11.3% after its non-GAAP earnings per share of $1.32 fell short of the Zacks Consensus Estimate of $1.40 • E. I. du Pont de Nemours and Company's (NYSE: DD ) shares were down 1.1% despite reporting adjusted earnings of $0.59 a share, higher than the Zacks Consensus Estimate of $0.55 AMER AIRLINES (AAL): Free Stock Analysis Report DU PONT (EI) DE (DD): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report SEAGATE TECH (STX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• American Airlines Group Inc.'s (NASDAQ: AAL ) shares jumped 5.9% after rebounding to a fourth-quarter adjusted profit • Ford Motor Co. (NYSE: F ) reported fourth-quarter 2013 earnings of $0.31 a share, beating the Zacks Consensus Estimate of $0.28 • Shares of Seagate Technology Public Limited Company (NASDAQ: STX ) declined 11.3% after its non-GAAP earnings per share of $1.32 fell short of the Zacks Consensus Estimate of $1.40 • E. I. du Pont de Nemours and Company's (NYSE: DD ) shares were down 1.1% despite reporting adjusted earnings of $0.59 a share, higher than the Zacks Consensus Estimate of $0.55 AMER AIRLINES (AAL): Free Stock Analysis Report DU PONT (EI) DE (DD): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report SEAGATE TECH (STX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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8720.0
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2014-01-29 00:00:00 UTC
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Pre-Market Most Active for Jan 29, 2014 : NOK, ITUB, YHOO, SAN, DOW, T, BAC, QQQ, TVIX, RFMD, AALCP, AAL
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-29-2014-nok-itub-yhoo-san-dow-t-bac-qqq-tvix-rfmd-aalcp-aal
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The NASDAQ 100 Pre-Market Indicator is down -5.19 to 3,500.53. The total Pre-Market volume is currently 5,221,305 shares traded.
The following are the most active stocks for the pre-market session :
Nokia Corporation ( NOK ) is +0.04 at $7.04, with 3,627,607 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.04. NOK's current last sale is 100.57% of the target price of $7.
Itau Unibanco Banco Holding SA ( ITUB ) is -0.34 at $12.05, with 2,412,100 shares traded.ITUB is scheduled to provide an earnings report on 2/4/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 0.36 per share, which represents a 35 percent increase over the EPS one Year Ago
Yahoo! Inc. ( YHOO ) is -1.72 at $36.50, with 1,095,876 shares traded. As reported by Zacks, the current mean recommendation for YHOO is in the "buy range".
Banco Santander, S.A. ( SAN ) is -0.11 at $8.68, with 1,008,800 shares traded.SAN is scheduled to provide an earnings report on 1/30/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 999 per share, which represents a 13 percent increase over the EPS one Year Ago
Dow Chemical Company (The) ( DOW ) is +2.94 at $46.00, with 903,632 shares traded. RTT News Reports: Dow Chemical Q4 13 Earnings Conference Call At 9:00 AM ET
AT&T Inc. ( T ) is -0.74 at $32.96, with 840,589 shares traded. T's current last sale is 86.74% of the target price of $38.
Bank of America Corporation ( BAC ) is -0.12 at $16.61, with 599,453 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.3. BAC's current last sale is 92.28% of the target price of $18.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.47 at $85.38, with 532,389 shares traded. This represents a 29.44% increase from its 52 Week Low.
Credit Suisse AG ( TVIX ) is +0.47 at $8.00, with 271,052 shares traded.
RF Micro Devices, Inc. ( RFMD ) is +0.11 at $5.00, with 267,390 shares traded. As reported by Zacks, the current mean recommendation for RFMD is in the "buy range".
American Airlines Group, Inc. ( AALCP ) is +0.05 at $26.50, with 250,000 shares traded.
American Airlines Group, Inc. ( AAL ) is +0.4 at $32.36, with 243,232 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $0.72. , following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AALCP ) is +0.05 at $26.50, with 250,000 shares traded. American Airlines Group, Inc. ( AAL ) is +0.4 at $32.36, with 243,232 shares traded. Itau Unibanco Banco Holding SA ( ITUB ) is -0.34 at $12.05, with 2,412,100 shares traded.ITUB is scheduled to provide an earnings report on 2/4/2014, for the fiscal quarter ending Dec2013.
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American Airlines Group, Inc. ( AALCP ) is +0.05 at $26.50, with 250,000 shares traded. American Airlines Group, Inc. ( AAL ) is +0.4 at $32.36, with 243,232 shares traded. Itau Unibanco Banco Holding SA ( ITUB ) is -0.34 at $12.05, with 2,412,100 shares traded.ITUB is scheduled to provide an earnings report on 2/4/2014, for the fiscal quarter ending Dec2013.
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American Airlines Group, Inc. ( AALCP ) is +0.05 at $26.50, with 250,000 shares traded. American Airlines Group, Inc. ( AAL ) is +0.4 at $32.36, with 243,232 shares traded. The consensus earnings per share forecast is 0.36 per share, which represents a 35 percent increase over the EPS one Year Ago Yahoo!
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American Airlines Group, Inc. ( AALCP ) is +0.05 at $26.50, with 250,000 shares traded. American Airlines Group, Inc. ( AAL ) is +0.4 at $32.36, with 243,232 shares traded. The following are the most active stocks for the pre-market session : Nokia Corporation ( NOK ) is +0.04 at $7.04, with 3,627,607 shares traded.
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8721.0
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2014-01-28 00:00:00 UTC
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Sector Update: Consumer Shares Higher Pre-Market; D.R. Horton up 4% on Q4 Results
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AAL
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https://www.nasdaq.com/articles/sector-update-consumer-shares-higher-pre-market-dr-horton-4-q4-results-2014-01-28
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Top Consumer Shares:
WMT: +0.24%
MCD: +0.06%
DIS: +0.07%
CVS: flat
KO: +0.31%
GE: +0.76%
Consumer shares are higher in pre-bell trading today.
In consumer sector news, D.R. Horton ( DHI ) is up more than 4% in pre-market trade after saying its fiscal Q1 earnings rose to $0.36 per share from $0.20 the year earlier, exceeding the average $0.29 Capital IQ analyst estimate. Net sales orders increased 14% to $1.5 billion, in line with the consensus estimate.
And, American Airlines Group ( AAL ) is up about 2% before the market open, sliding off earlier higher gains, after saying its Q4 diluted earnings was $0.59, exceeding the $0.55 analyst consensus estimate on Capital IQ.
Non-GAAP profit in the quarter totaled $436 million compared to a loss of $42 million a year before. The results are proforma, including US Airways Group in the full period rather than just the period since the merger closed for easier comparison between the periods.
Finally, Ford ( F ) is up about 2% pre-market as it reports Q4 revenue of $37.6 bln, better than the analyst consensus of $35.2 bln on Capital IQ. Adjusted EPS was $0.31, ahead of expectations of $0.28 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And, American Airlines Group ( AAL ) is up about 2% before the market open, sliding off earlier higher gains, after saying its Q4 diluted earnings was $0.59, exceeding the $0.55 analyst consensus estimate on Capital IQ. Horton ( DHI ) is up more than 4% in pre-market trade after saying its fiscal Q1 earnings rose to $0.36 per share from $0.20 the year earlier, exceeding the average $0.29 Capital IQ analyst estimate. Net sales orders increased 14% to $1.5 billion, in line with the consensus estimate.
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And, American Airlines Group ( AAL ) is up about 2% before the market open, sliding off earlier higher gains, after saying its Q4 diluted earnings was $0.59, exceeding the $0.55 analyst consensus estimate on Capital IQ. Horton ( DHI ) is up more than 4% in pre-market trade after saying its fiscal Q1 earnings rose to $0.36 per share from $0.20 the year earlier, exceeding the average $0.29 Capital IQ analyst estimate. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And, American Airlines Group ( AAL ) is up about 2% before the market open, sliding off earlier higher gains, after saying its Q4 diluted earnings was $0.59, exceeding the $0.55 analyst consensus estimate on Capital IQ. Consumer shares are higher in pre-bell trading today. Horton ( DHI ) is up more than 4% in pre-market trade after saying its fiscal Q1 earnings rose to $0.36 per share from $0.20 the year earlier, exceeding the average $0.29 Capital IQ analyst estimate.
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And, American Airlines Group ( AAL ) is up about 2% before the market open, sliding off earlier higher gains, after saying its Q4 diluted earnings was $0.59, exceeding the $0.55 analyst consensus estimate on Capital IQ. Top Consumer Shares: Consumer shares are higher in pre-bell trading today.
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8722.0
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2014-01-23 00:00:00 UTC
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Strong Q4 Earnings for United Continental - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/strong-q4-earnings-for-united-continental-analyst-blog-2014-01-23
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United Continental Holdings Inc. ( UAL ) - one of the leading U.S. airlines - reported solid performance in the fourth quarter and full year 2013. Improved operations and customer service were the key drivers.
In the fourth quarter, the company posted a profit of 78 cents per share, beating the Zacks Consensus Estimate of 68 cents with ease. Comparing year over year, the results improved considerably from a loss of 58 cents per share.
Quarterly total revenue improved 7.2% year over year to $9.32 billion, which was also ahead of the Zacks Consensus Estimate of $9.20 billion. On an annualized basis, passenger and other revenues increased 5.9% and 22.2% respectively while cargo revenues dropped 9.5%,
For full-year 2013, United Continental witnessed earnings of $2.84 per share (ahead of our projection of $2.72 and up 78.6% year over year) on revenues of $38.28 billion (up 3.0% from the prior year).
Operating Statistics
Airlines traffic, measured in revenue passenger miles, dropped 2.7% year over year to 49.2 billion. Capacity (or available seat miles) improved 2.6% year over year to 59.7 billion, while load factor (percentage of seats filled with passengers) improved 10 basis points year over year to 82.4%.
Consolidated passenger revenue per available seat miles (PRASM or unit revenue) increased 3.2% year over year, supported by 7.0% growth in Latin American and 2.2% growth in Atlantic PRASM, partially offset by decrease of 5.0% in Pacific PRASM.
Operating Expenses
Total operating expenses, excluding fuel, profit sharing, special charges and third party expenses rose 3.3% year over year to $5.7 billion in the reported quarter. Consolidated unit cost or cost per available seat mile (CASM), excluding fuel, third-party business expense and special items, crept up 1.9% year over year.
Liquidity
At the end of 2013, the company had $6.1 billion in unrestricted liquidity, of which $1.0 billion was in revolving credit facilities. In the fourth quarter, United Continental spent approximately $760.0 million.
Other Airline Stocks
Delta Air Lines Inc. ( DAL ) reported fourth-quarter 2013 results on Jan 21, with adjusted earnings of 65 cents coming ahead of the Zacks Consensus Estimate of 63 cents. The results, however, leaped 142.1% from the year-ago adjusted profit of 28 cents.
Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corporation ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively.
Our Rank
United Continental currently holds a Zacks Rank #2, implying a Buy rating.
Going forward, the carrier will also benefit from its restructuring effort by cutting $2 billion in annual costs through reduced fuel cost by using more efficient planes. United Continental aims to enhance productivity by slashing sourcing cost, improving maintenance procedure and optimizing distribution channels. However, a weak cargo market, soft performance by the Asia-Pacific region and stiff competition remain the near-term impediments for the company.
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corporation ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. United Continental Holdings Inc. ( UAL ) - one of the leading U.S. airlines - reported solid performance in the fourth quarter and full year 2013.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corporation ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. Operating Expenses Total operating expenses, excluding fuel, profit sharing, special charges and third party expenses rose 3.3% year over year to $5.7 billion in the reported quarter.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corporation ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly total revenue improved 7.2% year over year to $9.32 billion, which was also ahead of the Zacks Consensus Estimate of $9.20 billion.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corporation ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. United Continental Holdings Inc. ( UAL ) - one of the leading U.S. airlines - reported solid performance in the fourth quarter and full year 2013.
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8723.0
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2014-01-23 00:00:00 UTC
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Southwest Earnings Set Record, Top Line Grows - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/southwest-earnings-set-record-top-line-grows-analyst-blog-2014-01-23
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Southwest Airlines Co. ( LUV ) reported strong fourth quarter and full-year 2013 results, owing to contributions from the strategic steps taken by management and better bookings. The partial dampeners were higher expenses associated with fuel, maintenance and integration costs.
The company reported record fourth quarter earnings of 33 cents per share that surpassed the Zacks Consensus Estimate of 28 cents. The results were way above the prior-year quarter earnings of 9 cents.
Quarterly revenues moved up 6.1% year over year to $4,428 million and were ahead of the Zacks Consensus Estimate of $4,374 million. On an annualized basis, Passenger revenues increased 6.5% while Freight and Other revenues decreased 2.4% and 1.0% respectively.
For full-year 2013, Southwest posted earnings of $1.12 per share (surpassing our projection by 3.7% and increasing 100.0% year over year) on revenues of $17,699 million (up 3.6% from the prior year).
Operating Statistics
Airlines traffic, measured in billions of revenue passenger miles moved up by 1.1% year over year to 25.6 billion in the fourth quarter. Capacity or available seat miles increased 2.2% to 31.9 billion, while load factor (percentage of seats filled with passengers) leaped 80 basis points year over year to 80.4%. Passenger revenue per available seat mile (PRASM) increased 4.2% year over year.
Operating Expenses & Operating Income
For the fourth quarter, operating income increased to $386 million from $91.0 million in the year-ago quarter. Total operating expenses, decreased 1% year over year to $4,042 million due to lower fuel and maintenance costs. Fuel price (economic) accounted for $3.05 per gallon, down from $3.32 in the year-ago quarter. Consolidated unit cost or cost per available seat mile (CASM), excluding fuel and special items, grew 1.5%.
Liquidity
At the end of 2013, Southwest had $3,152 million in cash and short-term investments and $1 billion in undrawn revolving credit facilities. The company had long-term debt (including current portion) of $2,820 million, representing debt-to-capitalization ratio of 27.8%.
In 2013, Southwest generated operating cash flow of $2,490 million and capital expenditures were $1,447 million. The company repurchased 38 million shares for approximately $540 million and paid total dividends of $71 million. As of Dec 31, 2013, return on invested capital (before taxes and excluding special items) was 13.1%.
Guidance
Based on current revenue and booking trends, Southwest expects unit revenue to grow again in first quarter 2014. The company also expects an upward movement in first quarter unit costs, excluding fuel, profit sharing and special items. Fuel price (economic) is estimated at approximately $3.05 to $3.10 per gallon.
Other Airline Stocks
Delta Air Lines Inc. ( DAL ) reported fourth-quarter 2013 results on Jan 21, with adjusted earnings of 65 cents coming ahead of the Zacks Consensus Estimate of 63 cents. The bottom line leaped 142.1% from the year-ago adjusted profit of 28 cents.
Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corp. ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively.
Our Take
Southwest currently holds a Zacks Rank #1, implying a Strong Buy rating. We believe that the company will benefit from the implementation of a number of strategies to increase revenues and reduce costs over the next three years. These include efficiency in operations, introduction of various customer friendly programs, network optimization and capacity management.
Nevertheless, high non-fuel operating costs, a new advertising policy along with intense competition and heavy investments are expected to limit the company's earnings potential.
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corp. ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. ( LUV ) reported strong fourth quarter and full-year 2013 results, owing to contributions from the strategic steps taken by management and better bookings.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corp. ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. Operating Expenses & Operating Income For the fourth quarter, operating income increased to $386 million from $91.0 million in the year-ago quarter.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corp. ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly revenues moved up 6.1% year over year to $4,428 million and were ahead of the Zacks Consensus Estimate of $4,374 million.
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Other carriers like American Airlines Group Inc. ( AAL ) and JetBlue Airways Corp. ( JBLU ) will release fourth quarter financial results on Jan 28 and Jan 29 respectively. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. ( LUV ) reported strong fourth quarter and full-year 2013 results, owing to contributions from the strategic steps taken by management and better bookings.
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8724.0
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2014-01-17 00:00:00 UTC
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After Hours Most Active for Jan 17, 2014 : AAL, AKS, ABMD, LLTC, QQQ, MRK, RF, FUL, GRT, TROW, TJX, MSFT
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-17-2014-aal-aks-abmd-lltc-qqq-mrk-rf-ful-grt-trow-tjx-msft
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The NASDAQ 100 After Hours Indicator is down -1.98 to 3,589.27. The total After hours volume is currently 25,930,766 shares traded.
The following are the most active stocks for the after hours session :
American Airlines Group, Inc. ( AAL ) is unchanged at $30.02, with 2,008,245 shares traded., following a 52-week high recorded in today's regular session.
AK Steel Holding Corporation ( AKS ) is +0.01 at $7.02, with 1,940,820 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.05. AKS's current last sale is 117% of the target price of $6.
ABIOMED, Inc. ( ABMD ) is -0.0056 at $27.75, with 1,800,803 shares traded. As reported in the last short interest update the days to cover for ABMD is 12.925694; this calculation is based on the average trading volume of the stock.
Linear Technology Corporation ( LLTC ) is -0.0092 at $45.99, with 1,432,367 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $0.51. LLTC's current last sale is 98.9% of the target price of $46.5.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.06 at $87.91, with 1,316,529 shares traded. This represents a 33.28% increase from its 52 Week Low.
Merck & Company, Inc. ( MRK ) is -0.025 at $51.93, with 1,190,361 shares traded. MRK's current last sale is 101.81% of the target price of $51.
Regions Financial Corporation ( RF ) is +0.0393 at $10.61, with 1,041,429 shares traded.RF is scheduled to provide an earnings report on 1/21/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 0.2 per share, which represents a 22 percent increase over the EPS one Year Ago
H. B. Fuller Company ( FUL ) is -0.011 at $49.50, with 993,351 shares traded. As reported by Zacks, the current mean recommendation for FUL is in the "buy range".
Glimcher Realty Trust ( GRT ) is unchanged at $9.15, with 834,425 shares traded. GRT's current last sale is 76.25% of the target price of $12.
T. Rowe Price Group, Inc. ( TROW ) is -0.0165 at $82.26, with 762,481 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $1.03. TROW's current last sale is 91.4% of the target price of $90.
TJX Companies, Inc. (The) ( TJX ) is -0.001 at $61.86, with 758,017 shares traded. As reported by Zacks, the current mean recommendation for TJX is in the "buy range".
Microsoft Corporation ( MSFT ) is -0.0807 at $36.30, with 633,331 shares traded.MSFT is scheduled to provide an earnings report on 1/23/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 0.67 per share, which represents a 81 percent increase over the EPS one Year Ago
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : American Airlines Group, Inc. ( AAL ) is unchanged at $30.02, with 2,008,245 shares traded., following a 52-week high recorded in today's regular session. As reported in the last short interest update the days to cover for ABMD is 12.925694; this calculation is based on the average trading volume of the stock. Regions Financial Corporation ( RF ) is +0.0393 at $10.61, with 1,041,429 shares traded.RF is scheduled to provide an earnings report on 1/21/2014, for the fiscal quarter ending Dec2013.
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The following are the most active stocks for the after hours session : American Airlines Group, Inc. ( AAL ) is unchanged at $30.02, with 2,008,245 shares traded., following a 52-week high recorded in today's regular session. Regions Financial Corporation ( RF ) is +0.0393 at $10.61, with 1,041,429 shares traded.RF is scheduled to provide an earnings report on 1/21/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 0.2 per share, which represents a 22 percent increase over the EPS one Year Ago H. B. Fuller Company ( FUL ) is -0.011 at $49.50, with 993,351 shares traded.
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The following are the most active stocks for the after hours session : American Airlines Group, Inc. ( AAL ) is unchanged at $30.02, with 2,008,245 shares traded., following a 52-week high recorded in today's regular session. The consensus earnings per share forecast is 0.2 per share, which represents a 22 percent increase over the EPS one Year Ago H. B. Fuller Company ( FUL ) is -0.011 at $49.50, with 993,351 shares traded. Microsoft Corporation ( MSFT ) is -0.0807 at $36.30, with 633,331 shares traded.MSFT is scheduled to provide an earnings report on 1/23/2014, for the fiscal quarter ending Dec2013.
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The following are the most active stocks for the after hours session : American Airlines Group, Inc. ( AAL ) is unchanged at $30.02, with 2,008,245 shares traded., following a 52-week high recorded in today's regular session. AKS's current last sale is 117% of the target price of $6. The consensus earnings per share forecast is 0.2 per share, which represents a 22 percent increase over the EPS one Year Ago H. B. Fuller Company ( FUL ) is -0.011 at $49.50, with 993,351 shares traded.
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8725.0
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2014-01-15 00:00:00 UTC
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United Continental Scraps Airbus Order - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/united-continental-scraps-airbus-order-analyst-blog-2014-01-15
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nan
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nan
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Leading passenger carrier, United Continental Holdings Inc. ( UAL ) has reportedly withdrawn its previous order for 12 single-aisle (SAS) planes worth $1.08 billion from European aircraft manufacturer Airbus. Adjustment of fleet as per requirement was cited as the reason for the move. Shareholders welcomed the news as the stock price moved up 4.82% on Tuesday's trade on Nasdaq.
The dropped orders include six Airbus A-319 with a list price of $85.8 million and six A-320 that have a list price of $93.9 million. At the end of the third quarter, Chicago-based United had 152 narrow-bodied A-319 and A-320. United Continental uses these fleet for domestic routes.
Archrival, Delta Airline Inc. ( DAL ) favoured Airbus after a gap of almost 21 years by announcing its plan to purchase 40 new jets from the latter in a deal worth $5.6 billion. The order includes 10 A330-300 wide-body jets and 30 narrow-body A321 to be delivered between 2015 and 2017.
The scrapping of the order does not deal a big blow to Airbus, which still has 5,559 outstanding orders. More importantly, the aircraft manufacturer is ahead of The Boeing Co. ( BA ), which has a total order book of 5,080 aircraft.
Recently, United Continental reported strong operating performance for Dec 2013. The company saw annualized PRASM growth of 11.5-12.5% owing to strong yields and better traffic throughout the month.
The airline behemoth chalked out plans to overhaul its finances as it underperformed its domestic peers in recent times. We believe this initiative will allow United Continental to meet its target of reducing annual costs by $2 billion.
Recently, the establishment of American Airlines Group Inc. ( AAL ) following the merger of U.S. Airways and American Airlines removed United Continental from its position as the world's largest passenger carrier. United Continental currently carries a Zacks Rank #2 (Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
BOEING CO (BA): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recently, the establishment of American Airlines Group Inc. ( AAL ) following the merger of U.S. Airways and American Airlines removed United Continental from its position as the world's largest passenger carrier. AMER AIRLINES (AAL): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading passenger carrier, United Continental Holdings Inc. ( UAL ) has reportedly withdrawn its previous order for 12 single-aisle (SAS) planes worth $1.08 billion from European aircraft manufacturer Airbus.
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AMER AIRLINES (AAL): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the establishment of American Airlines Group Inc. ( AAL ) following the merger of U.S. Airways and American Airlines removed United Continental from its position as the world's largest passenger carrier. Leading passenger carrier, United Continental Holdings Inc. ( UAL ) has reportedly withdrawn its previous order for 12 single-aisle (SAS) planes worth $1.08 billion from European aircraft manufacturer Airbus.
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Recently, the establishment of American Airlines Group Inc. ( AAL ) following the merger of U.S. Airways and American Airlines removed United Continental from its position as the world's largest passenger carrier. AMER AIRLINES (AAL): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading passenger carrier, United Continental Holdings Inc. ( UAL ) has reportedly withdrawn its previous order for 12 single-aisle (SAS) planes worth $1.08 billion from European aircraft manufacturer Airbus.
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Recently, the establishment of American Airlines Group Inc. ( AAL ) following the merger of U.S. Airways and American Airlines removed United Continental from its position as the world's largest passenger carrier. AMER AIRLINES (AAL): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading passenger carrier, United Continental Holdings Inc. ( UAL ) has reportedly withdrawn its previous order for 12 single-aisle (SAS) planes worth $1.08 billion from European aircraft manufacturer Airbus.
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8726.0
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2014-01-14 00:00:00 UTC
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American Slots Shift at Reagan National (revised) - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/american-slots-shift-at-reagan-national-revised-analyst-blog-2014-01-14
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nan
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nan
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Reagan National Airport (DCA) as part of the mega-merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ).
According to sources, an announcement relating to the sale of the slots at DCA could be made as early as this week. However, they remain unclear about the number of carriers that have shown interest in the bidding process.
In Nov 2013, both American and U.S. Airways got the nod for the merger after clearing a series of legal hurdles. As part of the deal, the carriers agreed to give up 52 take-off and landing slots at DCA and 17 pairs at La Guardia airport (LGA) in New York. Additionally, the carriers have to divest two gates and related facilities at each of the Boston, Chicago, Dallas, Los Angeles and Miami airports.
The Department of Justice (DOJ) argued that the opening up of slots to rival carriers will enhance accessibility at some of busiest airports and simultaneously heighten competition. On the flip side, legacy carriers like Delta Air Lines Inc. ( DAL ) has previously insisted that the DOJ should not be biased toward low-cost carriers while divesting airport slots and assets.
The divesture process has already begun with Southwest Airlines Co. ( LUV ) acquiring 22 take-off and landing slots, while Virgin America acquired 12 such slots at LaGuardia.
Apart from Southwest, Delta and JetBlue Airways Corp. ( JBLU ) have shown interest in acquiring slots at Reagan National. Notably, 16 of the 104 slots at DCA are already leased to JetBlue, and the New York-based carrier will try to purchase as many slots as possible to strengthen its position in the nation's capital.
Divesture of these important slot pairs will give smaller players a meaningful opportunity to expand their presence in Washington. However, it remains to be seen whether Delta will win any slots, given the inclination of the DOJ toward budget carriers.
Improved operational performance in Dec 2013 has already pushed the major airline stocks upward. We believe this news could provide further impetus to investors to remain bullish on these stocks.
AAL currently carries a Zacks Rank #3 (Hold).
(We are reissuing this article to correct a mistake. The original article, issued yesterday, January 13, 2014, should no longer be relied upon.)
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Reagan National Airport (DCA) as part of the mega-merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AAL currently carries a Zacks Rank #3 (Hold). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here.
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Reagan National Airport (DCA) as part of the mega-merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Reagan National Airport (DCA) as part of the mega-merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Reagan National Airport (DCA) as part of the mega-merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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8727.0
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2014-01-13 00:00:00 UTC
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AAL Regan Slots Receive Bids - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/aal-regan-slots-receive-bids-analyst-blog-2014-01-13
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nan
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nan
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Regan National Airport (DCA) as part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ).
If media sources are to be believed, an announcement relating to the sale of the slots at DCA could be made as early as this week. However, they remain unclear about the number of carriers that have shown interest in the bidding process.
In Nov 2013, both American and U.S. Airways got the nod for the merger after clearing a series of legal hurdles. As part of the deal, the carriers agreed to give up 52 take-off and landing slots at DCA and 17 pairs at La Guardia airport (LGA) in New York. Additionally, the carriers have to divest two gates and related facilities at each of the Boston, Chicago, Dallas, Los Angeles and Miami airports.
The Department of Justice (DOJ) argued that the opening up of slots to rival carriers will enhance accessibility at some of busiest airports and simultaneously heighten competition. On the flip side, legacy carriers like Delta Air Lines Inc. ( DAL ) has previously insisted that DOJ should not be biased toward low cost carriers while divesting airport slots and assets.
The divesture process has already begun with Southwest Airlines Co. ( LUV ) acquiring 22 take-off and landing slots while Virgin America acquiring 12 such slots at the busy international airport of LGA.
Apart from Southwest, Delta and JetBlue Airways Corp. ( JBLU ) have shown interest in acquiring slots at DCA. Notably, 16 of the 104 slots at DCA are already leased to JetBlue, and the New York based carrier will try to purchase as many slots as possible to strengthen its position in the capital city.
Divesture of these important slot pairs will give smaller players a meaningful opportunity to expand their presence in Washington. However, it remains to be seen whether Delta will ultimately win any slot, given the inclination of the DOJ toward budget carriers.
Improved operational performance in Dec 2013 has already pushed the major airline stocks upward. We believe this news could provide further impetus to investors to remain bullish on these stocks.
AAL currently carries a Zacks Rank #3 (Hold).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Regan National Airport (DCA) as part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AAL currently carries a Zacks Rank #3 (Hold). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here.
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Regan National Airport (DCA) as part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Regan National Airport (DCA) as part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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As per media reports, airlines in the U.S. have submitted their bids to acquire slots at Washington's Regan National Airport (DCA) as part of the mega merger deal between American Airlines and U.S. Airways Group Inc. that led to the formation of American Airlines Group Inc. ( AAL ). AAL currently carries a Zacks Rank #3 (Hold). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here.
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8728.0
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2014-01-10 00:00:00 UTC
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American Airlines Group (AAL) in Focus: Stock Up 6.5% - Tale of the Tape
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-aal-in-focus%3A-stock-up-6.5-tale-of-the-tape-2014-01-10
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nan
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nan
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American Airlines Group Inc. ( AAL ) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up nearly 19% since Dec 30, 2013.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
American Airlines currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, some better-ranked airlines stocks include China Eastern Airlines Corp. Ltd. ( CEA ), Southwest Airlines Co. ( LUV ) and China Southern Airlines Co. Ltd. ( ZNH ). All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
AMER AIRLINES (AAL): Free Stock Analysis Report
CHINA EASTN-ADR (CEA): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc. ( AAL ) was a big mover last session, as the company saw its shares rise by over 6% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report CHINA EASTN-ADR (CEA): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on solid volume too with far more shares changing hands than in a normal session.
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report CHINA EASTN-ADR (CEA): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. ( AAL ) was a big mover last session, as the company saw its shares rise by over 6% on the day. However, some better-ranked airlines stocks include China Eastern Airlines Corp. Ltd. ( CEA ), Southwest Airlines Co. ( LUV ) and China Southern Airlines Co. Ltd. ( ZNH ).
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report CHINA EASTN-ADR (CEA): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. ( AAL ) was a big mover last session, as the company saw its shares rise by over 6% on the day. However, some better-ranked airlines stocks include China Eastern Airlines Corp. Ltd. ( CEA ), Southwest Airlines Co. ( LUV ) and China Southern Airlines Co. Ltd. ( ZNH ).
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American Airlines Group Inc. ( AAL ) was a big mover last session, as the company saw its shares rise by over 6% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report CHINA EASTN-ADR (CEA): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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8729.0
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2014-01-09 00:00:00 UTC
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Southwest Airlines Dec Traffic Rises - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/southwest-airlines-dec-traffic-rises-analyst-blog-2014-01-09
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nan
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nan
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Dallas, Texas-based Southwest Airlines Co. ( LUV ) posted a rise in traffic for Dec 2013. The traffic - measured in revenue passenger miles (RPMs) - came in at 8.97 billion, up 9.8% from 8.17 billion recorded in the comparable month a year ago. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) increased 3.4% to 10.84 billion. The load factor or percentage of seats filled by passengers increased to 82.8% from 78.0% in Dec 2012. The market reacted positively to the news as the stock gained 3.33% on Wednesday on Nasdaq.
In 2013, Southwest generated RPMs of 104.35 billion (up 1.4% year over year) and ASMs of 130.34 billion (up 1.7% year over year). Load factor, however, moved down to 80.1%, reflecting a year-over-year decline of 20 basis points.
The substantial increase in PRASM (passenger revenue per available seat mile) was the most notable incident of the month. For Dec 2013, PRASM is estimated to have increased in the 14-15% range from Dec 2012.
Southwest Airlines acquired 12 pairs of slots at the LaGuarida (LGA) airport in New York from U.S. Airways Group. These were as part of U.S. Airways Group's merger with American Airlines to form American Airlines Group Inc. ( AAL ).
Southwest Airlines aims to initiate services at LGA from May 2014. The company is also looking to win slots at Washington Regan National Airport (DCA), which is to be divested by American Airlines and U.S. Airways.
Southwest Airlines' slot win at New York provides it with scope for expansion in the city and gives it a competitive edge over JetBlue Airways Corp. ( JBLU ) and Delta Air Lines Inc. ( DAL ).
With its cost-efficient business model, the company targets to expand its network through the integration of AirTran aircraft and the addition of domestic and international destinations. To accommodate international flights to the Caribbean, Mexico and the northern part of Latin America, the company is building a new facility at the William. P. Hobby international airport in Houston.
We believe these initiatives along with the winning of slots at LGA are expected to create tailwinds for the company going forward. Southwest Airlines currently holds a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These were as part of U.S. Airways Group's merger with American Airlines to form American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines' slot win at New York provides it with scope for expansion in the city and gives it a competitive edge over JetBlue Airways Corp. ( JBLU ) and Delta Air Lines Inc. ( DAL ).
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These were as part of U.S. Airways Group's merger with American Airlines to form American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines' slot win at New York provides it with scope for expansion in the city and gives it a competitive edge over JetBlue Airways Corp. ( JBLU ) and Delta Air Lines Inc. ( DAL ).
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These were as part of U.S. Airways Group's merger with American Airlines to form American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. In 2013, Southwest generated RPMs of 104.35 billion (up 1.4% year over year) and ASMs of 130.34 billion (up 1.7% year over year).
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These were as part of U.S. Airways Group's merger with American Airlines to form American Airlines Group Inc. ( AAL ). AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) increased 3.4% to 10.84 billion.
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8730.0
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2014-01-09 00:00:00 UTC
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United Shares Rally on Dec Traffic Rise - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/united-shares-rally-on-dec-traffic-rise-analyst-blog-2014-01-09
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nan
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nan
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United Continental Holdings Inc. 's ( UAL ) Dec 2013 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - increased 4.1% year over year to 16.88 billion. Consolidated capacity (or available seat miles/ASMs) for the month was 19.77 billion, up 0.5% from Dec 2012. Shareholders reacted positively to the improved operational performance as the share price moved up 6.22% on Wednesday trade on Nasdaq.
The load factor (percentage of seats filled by passengers) improved to 85.4% from 82.4% in the same month, last year. The company registered a completion factor of 98.5%, with nearly 73.5% of flights on schedule.
Passenger revenue per available seat mile (PRASM) increased an estimated 11.5% to 12.5% as compared to Dec 2012. Better-than-expected PRASM growth came on strong yields and better traffic throughout the month. Further, winter storms forced the company to cancel 1,200 flights during the month, which reduced the consolidated capacity and boosted PRASM.
In 2013, United Continental generated RPMs of 205.17 billion (down 0.2% year over year) and ASMs of 245.35 billion (down 1.4% year over year). Load factor was 83.6%, reflecting growth of 100 basis points.
The airline behemoth chalked out plans to overhaul its finances as it financially underperformed its domestic peers in recent times. The passenger airline plans to reduce its annual costs by $2 billion by cutting fuel and sourcing costs, improving maintenance, and optimizing distribution channels.
The Chicago-based carrier has also introduced flat-bed cabin seats on every scheduled transcontinental flight between New York JFK and San Francisco/Los Angeles. In an attempt to improve its performance, the company has already opened a new hangar at Washington Dulles International Airport - a major hub for the carrier - to connect with the Middle Eastern market.
However, the merger of U.S. Airways and American Airlines will form American Airlines Group Inc. ( AAL ) - the world's biggest passenger carrier - dethroning United. Despite these initiatives, the risks force us to maintain a cautious view on the carrier.
United Continental, which operates with Delta Air Lines Inc. ( DAL ) and JetBlue Airways Corp. ( JBLU ), carries a Zacks Rank #2 (Buy).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the merger of U.S. Airways and American Airlines will form American Airlines Group Inc. ( AAL ) - the world's biggest passenger carrier - dethroning United. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The Chicago-based carrier has also introduced flat-bed cabin seats on every scheduled transcontinental flight between New York JFK and San Francisco/Los Angeles.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, the merger of U.S. Airways and American Airlines will form American Airlines Group Inc. ( AAL ) - the world's biggest passenger carrier - dethroning United. United Continental Holdings Inc. 's ( UAL ) Dec 2013 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - increased 4.1% year over year to 16.88 billion.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, the merger of U.S. Airways and American Airlines will form American Airlines Group Inc. ( AAL ) - the world's biggest passenger carrier - dethroning United. United Continental Holdings Inc. 's ( UAL ) Dec 2013 airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - increased 4.1% year over year to 16.88 billion.
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However, the merger of U.S. Airways and American Airlines will form American Airlines Group Inc. ( AAL ) - the world's biggest passenger carrier - dethroning United. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated capacity (or available seat miles/ASMs) for the month was 19.77 billion, up 0.5% from Dec 2012.
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8731.0
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2014-01-06 00:00:00 UTC
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JetBlue Shares Grounded After Canceling Northeast Service - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/jetblue-shares-grounded-after-canceling-northeast-service-analyst-blog-2014-01-06
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nan
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nan
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Though airlines had a banner 2013, this year is off to a pretty rocky start for the industry. Difficult conditions at many of America's major airports have led to a huge number of cancellations and have created a ripple effect throughout the country.
While this trend hit a number of major airlines, JetBlue ( JBLU ) appears to really be struggling. The surging airline was an all-star in 2013 but the latest round of storms have wreaked havoc on its Northeast-U.S. focused service, leading to massive delays and cancellations.
In fact, JBLU announced that it was suspending all flights from its New York-area airports, as well as its Boston hub from 5pm Eastern Time on Monday until 10am Eastern Time on Tuesday. In total, JetBlue cancelled more than half of its daily schedule, according to Anders Lindstrom, a spokesman .
This pause in service looks to allow the company to catch up and reposition its planes in order to meet demand. Obviously, it will inconvenience many travelers, though at least it will avoid issues of passengers being stuck on the tarmac and other problems which JetBlue and other airlines have faced in the past.
"While we have to reduce operations in our Northeast cities today, we'll take the opportunity to use some of those planes and crews for extra sections between cities where we they're most needed and move crews in preparation for starting back up on Tuesday," JetBlue said on its website according to Bloomberg.
Market Impact
Shares of JetBlue faced some serious turbulence on the news, with JBLU slumping by over 4.3% in the session. Volume was elevated too, with more than 10.5 million shares moving hands on the day.
And unfortunately for JBLU, many other airline stocks weren't as hard hit by the storms-nor do many have such a concentrated focus on some of the hardest hit areas- so their stocks managed to hold up well in Monday trading.
For example, United Continental ( UAL ) and Southwest Airlines ( LUV ) fell by about 1.4% on the session, as Southwest was hampered by Chicago Midway issues, and United-with a big presence both at O'Hare and Newark-- was also hit.
However, American Airlines- AAL -and Delta ( DAL ) both finished the day in the green with AAL actually rising by about 1.8% on the day. Many regional carriers were not lucky either, though JBLU was clearly the loser on the day in the airline space.
Bottom Line
This is obviously a setback for JBLU, though some could view it as an attempt to get ahead of the situation instead of playing catchup over the next few days. Weather is anticipated to be quite poor in the Northeast over the next few days and delays for other airlines are certainly possible.
Given this, and assuming this doesn't cause analysts to revise their estimates of JBLU's earnings, this could present an interesting buying opportunity for the stock. The company currently has a Zacks Rank #2 (Buy), and the airline segment is currently in the top 9% of all industries.
Just note that the company has had significant weather troubles before, so be ready for some more short term volatility if the company can't get back to its full schedule soon. But if JBLU can rebound from this, and if the solid trends underpinning the airline market remain, this could be a great time to take a closer look at this company and other beaten down firms in the airline space.
Want more insights from Zacks? See our latest free report 5 Stocks to Double . Click here to receive this free report now >>>
Author is long LUV.
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, American Airlines- AAL -and Delta ( DAL ) both finished the day in the green with AAL actually rising by about 1.8% on the day. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Difficult conditions at many of America's major airports have led to a huge number of cancellations and have created a ripple effect throughout the country.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, American Airlines- AAL -and Delta ( DAL ) both finished the day in the green with AAL actually rising by about 1.8% on the day. While this trend hit a number of major airlines, JetBlue ( JBLU ) appears to really be struggling.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, American Airlines- AAL -and Delta ( DAL ) both finished the day in the green with AAL actually rising by about 1.8% on the day. And unfortunately for JBLU, many other airline stocks weren't as hard hit by the storms-nor do many have such a concentrated focus on some of the hardest hit areas- so their stocks managed to hold up well in Monday trading.
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However, American Airlines- AAL -and Delta ( DAL ) both finished the day in the green with AAL actually rising by about 1.8% on the day. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Market Impact Shares of JetBlue faced some serious turbulence on the news, with JBLU slumping by over 4.3% in the session.
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8732.0
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2014-01-06 00:00:00 UTC
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Delta Dec Traffic Aided by Holidays - Analyst Blog
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AAL
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https://www.nasdaq.com/articles/delta-dec-traffic-aided-by-holidays-analyst-blog-2014-01-06
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nan
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nan
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Leading passenger and cargo carrier Delta Air Lines Inc. ( DAL ) reported growth in traffic for Dec 2013 owing to strong contributions from domestic, Latin America and Atlantic regions. Shareholders reacted positively on the news as the stock gained 5.52% on Friday trade on Nasdaq.
The company's airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - moved up 6.9% year over year to 15.8 billion. Consolidated capacity (or available seat miles/ASMs) for the month, increased 3.8% from Dec 2012 to 18.5 billion.
The load factor or percentage of seats filled by passengers leaped 250 basis points from Dec 2012 to 85.2%. Passenger revenue per available seat mile (PRASM) improved 10.0% year over year aided by continuous strong demand and benefits from the timing of the Thanksgiving holiday. The company registered a completion factor of 99.6%, with nearly 79.5% of its flights on schedule.
For the entire 2013, Delta generated RPMs of 195.0 billion (up 1.0% from the corresponding period last year) and ASMs of 232.7 billion (up 1.0% year over year). The load factor was flat year over year at 83.8%.
Delta also revealed plans to expand its services in South East Asia by launching nonstop flights from Seattle to Seoul and Hong Kong. The Atlanta-based carrier further strengthened in Seattle by announcing new daily non-stop flights from Fairbanks and Vancouver International Airport.
Further, the company's joint venture with Virgin Atlantic Airways is all set for a summer 2014 takeoff on combined service offerings, which will add flight options for trans-Atlantic customers. We expect the company to be well positioned over the coming months owing to various strategic initiatives such as route launches, partnerships, renovation of airport terminals and upgrade of fleet structure.
However, the recent mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets.
Delta operates with the likes of United Continental Holdings Inc. ( UAL ) and JetBlue Airways Corp. ( JBLU ), and carries a Zacks Rank #3 (Hold).
AMER AIRLINES (AAL): Free Stock Analysis Report
DELTA AIR LINES (DAL): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the recent mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Leading passenger and cargo carrier Delta Air Lines Inc. ( DAL ) reported growth in traffic for Dec 2013 owing to strong contributions from domestic, Latin America and Atlantic regions.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, the recent mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. Leading passenger and cargo carrier Delta Air Lines Inc. ( DAL ) reported growth in traffic for Dec 2013 owing to strong contributions from domestic, Latin America and Atlantic regions.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, the recent mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. The company's airline traffic - measured in revenue passenger miles or RPMs, which imply revenue generated per mile per passenger - moved up 6.9% year over year to 15.8 billion.
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AMER AIRLINES (AAL): Free Stock Analysis Report DELTA AIR LINES (DAL): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, the recent mega merger between American Airlines and U.S. Airways Group to form American Airlines Group Inc. ( AAL ) remains a major competitive threat to the company in both domestic and international markets. For the entire 2013, Delta generated RPMs of 195.0 billion (up 1.0% from the corresponding period last year) and ASMs of 232.7 billion (up 1.0% year over year).
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8733.0
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2013-12-30 00:00:00 UTC
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After Hours Most Active for Dec 30, 2013 : BAC, SID, T, S, MO, ARIA, QQQ, SSLT, EA, AMRB, HFWA, AAL
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-dec-30-2013-bac-sid-t-s-mo-aria-qqq-sslt-ea-amrb-hfwa-aal-2013-12
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.67 to 3,569.41. The total After hours volume is currently 11,049,600 shares traded.
The following are the most active stocks for the after hours session :
Bank of America Corporation ( BAC ) is +0.01 at $15.55, with 4,476,529 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.3. BAC's current last sale is 103.67% of the target price of $15.
National Steel Company ( SID ) is -0.0224 at $6.12, with 2,328,912 shares traded. As reported in the last short interest update the days to cover for SID is 10.755613; this calculation is based on the average trading volume of the stock.
AT&T Inc. ( T ) is -0.01 at $35.19, with 2,041,313 shares traded. T's current last sale is 92.61% of the target price of $38.
Sprint Corporation ( S ) is unchanged at $10.58, with 1,292,713 shares traded. S's current last sale is 151.14% of the target price of $7.
Altria Group ( MO ) is -0.11 at $38.25, with 1,197,495 shares traded. MO's current last sale is 100.66% of the target price of $38.
ARIAD Pharmaceuticals, Inc. ( ARIA ) is unchanged at $6.55, with 969,095 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $-0.28. ARIA's current last sale is 93.57% of the target price of $7.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.03 at $87.42, with 815,559 shares traded. This represents a 37.5% increase from its 52 Week Low.
Sesa Sterlite Limited ( SSLT ) is unchanged at $13.07, with 515,408 shares traded.
Electronic Arts Inc. ( EA ) is unchanged at $22.89, with 404,090 shares traded. As reported by Zacks, the current mean recommendation for EA is in the "buy range".
American River Bankshares ( AMRB ) is unchanged at $9.30, with 349,599 shares traded. AMRB's current last sale is 109.41% of the target price of $8.5.
Heritage Financial Corporation ( HFWA ) is unchanged at $17.09, with 342,471 shares traded. As reported in the last short interest update the days to cover for HFWA is 13.447301; this calculation is based on the average trading volume of the stock.
American Airlines Group, Inc. ( AAL ) is +0.02 at $24.80, with 329,358 shares traded. AAL's current last sale is 82.67% of the target price of $30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is +0.02 at $24.80, with 329,358 shares traded. AAL's current last sale is 82.67% of the target price of $30. The following are the most active stocks for the after hours session : Bank of America Corporation ( BAC ) is +0.01 at $15.55, with 4,476,529 shares traded.
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American Airlines Group, Inc. ( AAL ) is +0.02 at $24.80, with 329,358 shares traded. AAL's current last sale is 82.67% of the target price of $30. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. American Airlines Group, Inc. ( AAL ) is +0.02 at $24.80, with 329,358 shares traded. AAL's current last sale is 82.67% of the target price of $30.
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American Airlines Group, Inc. ( AAL ) is +0.02 at $24.80, with 329,358 shares traded. AAL's current last sale is 82.67% of the target price of $30. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014.
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8734.0
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2013-12-23 00:00:00 UTC
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AMR Emerges From Chapter 11; Its Stock Proves The Exception To The Rule
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AAL
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https://www.nasdaq.com/articles/amr-emerges-chapter-11-its-stock-proves-exception-rule-2013-12-23
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nan
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nan
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By George Putnam :
AMR Corp. (the parent of American Airlines) officially emerged from bankruptcy on December 9, 2013 through a merger with U.S. Airways. The combined entity adopted the name American Airlines Group, Inc. ( AAL ), and its new stock symbol is AAL. AMR spent a total of 24 months in Chapter 11, originally filing for bankruptcy on November 29, 2011.
While I said back in October 2013 that the old AMR stock could be a good investment, I didn't realize quite how good an investment it would turn out to be. When I wrote that in October, the AMR stock (symbol AAMRQ) was trading a little above $4 per share. The stock traded up to 12 shortly before the emergence/merger, and the new AAL stock has continued to go up since then.
As a result of AMR's emergence from bankruptcy and merger with US Air, holders of the old AMR stock (AAMRQ) will receive new AAL stock in a complicated series of distributions. The first distribution, which has already been made, gives you 0.0665 new AAL shares for each old AAMRQ share. Then subsequent distributions will be made 30, 60, 90 and 120 days after the end of the bankruptcy; and the size of those distributions will depend on where the AAL stock is trading at the time of each distribution. Finally, there may be additional small distributions later on down the road depending on how outstanding claims against AMR are eventually resolved. Because of the complex nature of the distribution calculations, it is difficult to predict exactly what you will receive. Nonetheless, the returns on the old AAMRQ stock look pretty good: I estimate that if the new AAL stock remained at 26 throughout the distribution period, the total value received per share of AAMRQ stock could be about 16.91.
Where is the new AAL stock going from here? I like the long-term investing prospects for the combined American/US Air. They have a good route structure and should be able to realize significant cost savings from merger synergies. Moreover, as the airline industry continues to consolidate, that bodes well for all of the major carriers. The principal risk in AAL is that the merger does not go as smoothly as expected. For example, United Continental is still working out some of the kinks from its merger that took place more than three years ago.
As exciting as the gains on the old AAMRQ stock have proven to be, it is worth reminding investors that the vast majority of stocks of companies in Chapter 11 are not good investments. Even though Chapter 11 stocks often trade at very low prices, they are almost always overvalued. This is because in a bankruptcy proceeding all of the company's creditors must be satisfied in full before any value can be given to stockholders. And by the time a company's business deteriorates to the point where it must file for Chapter 11, there is almost never enough value to satisfy all those creditors.
That said, as I also mentioned in my contrarian investing newsletter back in October, I do see one other current Chapter 11 stock that could be an exception to the rule: Overseas Shipholding Group ( OSGIQ ), which operates oil tankers. Even though the OSG stock has nearly tripled since we highlighted it in October, I think it could have further to run if the tanker market continues to firm up. The company's bonds are currently trading above 100 cents on the dollar which suggests that there will be value left over for the stockholders.
Disclosure: I am long [[AAMRQ]], [[OSGIQ]], [[AAL]]. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
See also Spectra Energy Partners' CEO Discusses Q4 2013 Results - Earnings Call Transcript on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The combined entity adopted the name American Airlines Group, Inc. ( AAL ), and its new stock symbol is AAL. The stock traded up to 12 shortly before the emergence/merger, and the new AAL stock has continued to go up since then. As a result of AMR's emergence from bankruptcy and merger with US Air, holders of the old AMR stock (AAMRQ) will receive new AAL stock in a complicated series of distributions.
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The combined entity adopted the name American Airlines Group, Inc. ( AAL ), and its new stock symbol is AAL. As a result of AMR's emergence from bankruptcy and merger with US Air, holders of the old AMR stock (AAMRQ) will receive new AAL stock in a complicated series of distributions. The stock traded up to 12 shortly before the emergence/merger, and the new AAL stock has continued to go up since then.
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As a result of AMR's emergence from bankruptcy and merger with US Air, holders of the old AMR stock (AAMRQ) will receive new AAL stock in a complicated series of distributions. Then subsequent distributions will be made 30, 60, 90 and 120 days after the end of the bankruptcy; and the size of those distributions will depend on where the AAL stock is trading at the time of each distribution. Nonetheless, the returns on the old AAMRQ stock look pretty good: I estimate that if the new AAL stock remained at 26 throughout the distribution period, the total value received per share of AAMRQ stock could be about 16.91.
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The stock traded up to 12 shortly before the emergence/merger, and the new AAL stock has continued to go up since then. As a result of AMR's emergence from bankruptcy and merger with US Air, holders of the old AMR stock (AAMRQ) will receive new AAL stock in a complicated series of distributions. Where is the new AAL stock going from here?
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8735.0
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2013-12-20 00:00:00 UTC
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Why I Changed My Mind on American Airlines (AAL)
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AAL
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https://www.nasdaq.com/articles/why-i-changed-my-mind-american-airlines-aal-2013-12-20
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nan
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nan
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In the interest of transparency, I should start this piece with a confession. I have not been a fan of large US airlines for the last 25 years or so; neither as corporate entities nor investments. In the case of the new American Airlines Group stock (AAL), however, I am coming around, at least on the investment side.
My dislike originated, at least in part, for personal and completely shallow reasons. Back in the late 1980s and early 1990s I was a British guy, living in Japan and engaged to an American. As such, I regularly flew to both the UK and the US. Flying back home to London was always fun. Virgin Atlantic had just begun to shake up air travel in my native land, and British Airways was beginning to follow their lead in staffing flights with attractive, enthusiastic young flight attendants. I told you, it was shallow, but it made it fun to fly.
Returning to the US with my then fiancée, now my wife, on the other hand, was always a painful experience. The major US carriers awarded long haul routes to attendants based on seniority and many seemed to be burnt out on the whole “customer service” thing. They had a reputation in the expat community for being surly and bad tempered. This may have been exaggerated, but there is no doubt that they were not as much fun as the young, vibrant staff on Virgin.
Over the years, that distaste for the experience of travelling with large US airlines morphed into a dislike of the corporations. They undoubtedly had a point when they (repeatedly) bleated about the national carriers that were their competition receiving unfair subsidies, but the complaints quickly became tiresome and began to sound like so much whining. When low cost domestic airlines emerged as competitors they did their best to maintain their control of key routes by complaining that they had some sought of god-given right to a cartel, and then belatedly cut prices. They were, however, unable to cut costs commensurately so, seemingly in order to get out of labor agreements, bankruptcy became a tactic rather than a last resort. This led to even more disgruntled staff and the experience of flying with any of the major US carriers got even worse.
When American Airlines announced it was pursuing a merger with US Airways following bankruptcies in 2011 (American) and 2012 (US Airways) I was somewhat skeptical. In the past, mergers (including US Airways merger with America West) haven’t worked out too well. All they ever seemed to achieve was to produce a larger losing entity with even more over capacity, while at the same time demoralizing staff even further.
Talking of capacity, some, including Adam Levine-Weinberg in this USA Today piece, believe that AAL’s commitment to new planes is a liability that they cannot escape. There may be some truth to that, but, given an improving economy, investing at a time when one’s competitors are all scrambling to reduce capacity may well look pretty smart in a few years. This is especially true with aircraft, where recent advances in fuel efficiency and technology make replacing an old fleet less of a risk.
The CEO of the new company, Doug Parker, has extensive experience of the problems of integration following the aforementioned US Airways/America West merger in 2005 and is well aware of the pitfalls and possibilities in this venture. We all know what assumptions can do, but until proven otherwise an assumption that he has learned from past mistakes is reasonable.
Parker has actually made a recent decision that may seem inconsequential to many, but given the morale problems that have plagued domestic airlines, may be significant and a sign of things to come. Allowing workers to decide the livery that the new company will use won’t directly affect the bottom line, but giving employees some sense of ownership in the new venture is, to my mind, a long overdue positive. As Richard Branson realized when launching Virgin, the morale of customer-facing staff is important.
Technical analysis of a stock that has only been trading for two weeks is pointless, but it does appear that the initial pricing was pretty close to the mark. There has been some appreciation, but AAL is trading at a forward P/E around 7, roughly half that of Southwest Air (LUV) for example. Hesitancy is understandable, but that seems overly pessimistic and for the first time in decades there may be a large, traditional US airline stock that I feel confident about.
Even though every commentator will likely tell you that any analysis they offer is the result of dispassionate, fact based research, the fact is that in many cases we have a predisposition one way or another when we begin to look at a stock. In this case, I was looking for reasons to continue my dislike and distrust of American and all US carriers. What I found, however, was that, while I am not ready to display the evangelical fanaticism of many recent converts to a cause, at around $26, AAL looks like a decent bet.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the case of the new American Airlines Group stock (AAL), however, I am coming around, at least on the investment side. Talking of capacity, some, including Adam Levine-Weinberg in this USA Today piece, believe that AAL’s commitment to new planes is a liability that they cannot escape. There has been some appreciation, but AAL is trading at a forward P/E around 7, roughly half that of Southwest Air (LUV) for example.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In the case of the new American Airlines Group stock (AAL), however, I am coming around, at least on the investment side. Talking of capacity, some, including Adam Levine-Weinberg in this USA Today piece, believe that AAL’s commitment to new planes is a liability that they cannot escape.
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In the case of the new American Airlines Group stock (AAL), however, I am coming around, at least on the investment side. Talking of capacity, some, including Adam Levine-Weinberg in this USA Today piece, believe that AAL’s commitment to new planes is a liability that they cannot escape. There has been some appreciation, but AAL is trading at a forward P/E around 7, roughly half that of Southwest Air (LUV) for example.
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In the case of the new American Airlines Group stock (AAL), however, I am coming around, at least on the investment side. Talking of capacity, some, including Adam Levine-Weinberg in this USA Today piece, believe that AAL’s commitment to new planes is a liability that they cannot escape. There has been some appreciation, but AAL is trading at a forward P/E around 7, roughly half that of Southwest Air (LUV) for example.
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8736.0
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2013-12-17 00:00:00 UTC
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Sector Update: Consumer
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AAL
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https://www.nasdaq.com/articles/sector-update-consumer-2013-12-17-0
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nan
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nan
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Consumer shares are higher in pre-bell trading today.
In consumer sector news, Sanderson Farms ( SAFM ) reports net sales for Q4 2013 were $727.1 million compared with $648.4 million for the same period a year ago.
For the quarter, the company reported net income of $45.3 million, or $1.97 per share, compared with net income of $9.3 million, or $0.41 per share, for Q4 2012.
Analysts expected $2.28 per share on $717 million in revenue, according to Capital IQ estimates.
And, shares of Herbalife Ltd. ( HLF ) edged up pre-market today, after Janney Capital Markets raised its fair-value estimate on the seller of nutritional and personal-care products to $85 from $79, citing the removal of a "key uncertainty" after the company late Monday released the results of a re-audit of financial statements showing no new errors were found.
Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target.
In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target. In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines. Analysts expected $2.28 per share on $717 million in revenue, according to Capital IQ estimates.
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Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target. In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines. For the quarter, the company reported net income of $45.3 million, or $1.97 per share, compared with net income of $9.3 million, or $0.41 per share, for Q4 2012.
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In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines. Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target. For the quarter, the company reported net income of $45.3 million, or $1.97 per share, compared with net income of $9.3 million, or $0.41 per share, for Q4 2012.
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In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines. Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target. For the quarter, the company reported net income of $45.3 million, or $1.97 per share, compared with net income of $9.3 million, or $0.41 per share, for Q4 2012.
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8737.0
|
2013-12-13 00:00:00 UTC
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Consumer Stocks Slipping Slightly Near Bell; American Airlines Pockets Another $256 Mln From Certificate Sale
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AAL
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https://www.nasdaq.com/articles/consumer-stocks-slipping-slightly-near-bell-american-airlines-pockets-another-256-mln
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nan
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nan
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Top Consumer Stocks
WMT -0.39%
MCD +0.43%
DIS +0.24%
CVS -0.24%
KO +0.20%
Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. Shares of consumer discretionary firms in the S&P 500 are up nearly 0.4%.
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates.
The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27.
The certificates will represent an interest in the assets of a pass-through trust holding certain equipment notes expected to be issued by the airline and will be secured by 65 of its Boeing ( BA ) jets.
In other sector news,
(+) ZQK, Shares rise despite surprise $0.04 per share Q4 net loss, excluding one-time and special items, reversing the $0.04 profit Wall Street expected. Revenue declines 10.1% year over year to $476 mln, trailing Capital IQ consensus by $30.68 mln.
(-) RH, luxury home-furnishings retailer says co-chief executive Carlos Albernini is leaving to run Lucky Brands, effective Jan. 31, 2014, pending its acquisition by Leonard Green & Partners LP.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. The certificates will represent an interest in the assets of a pass-through trust holding certain equipment notes expected to be issued by the airline and will be secured by 65 of its Boeing ( BA ) jets. (-) RH, luxury home-furnishings retailer says co-chief executive Carlos Albernini is leaving to run Lucky Brands, effective Jan. 31, 2014, pending its acquisition by Leonard Green & Partners LP.
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In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27.
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In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. In other sector news, (+) ZQK, Shares rise despite surprise $0.04 per share Q4 net loss, excluding one-time and special items, reversing the $0.04 profit Wall Street expected.
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8738.0
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2013-12-13 00:00:00 UTC
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Sector Update: Consumer
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AAL
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https://www.nasdaq.com/articles/sector-update-consumer-2013-12-13
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nan
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nan
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Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. Shares of consumer discretionary firms in the S&P 500 are up nearly 0.4%.
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates.
The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27.
The certificates will represent an interest in the assets of a pass-through trust holding certain equipment notes expected to be issued by the airline and will be secured by 65 of its Boeing ( BA ) jets.
In other sector news,
(+) ZQK, Shares rise despite surprise $0.04 per share Q4 net loss, excluding one-time and special items, reversing the $0.04 profit Wall Street expected. Revenue declines 10.1% year over year to $476 mln, trailing Capital IQ consensus by $30.68 mln.
(-) RH, luxury home-furnishings retailer says co-chief executive Carlos Albernini is leaving to run Lucky Brands, effective Jan. 31, 2014, pending its acquisition by Leonard Green & Partners LP.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. The certificates will represent an interest in the assets of a pass-through trust holding certain equipment notes expected to be issued by the airline and will be secured by 65 of its Boeing ( BA ) jets. (-) RH, luxury home-furnishings retailer says co-chief executive Carlos Albernini is leaving to run Lucky Brands, effective Jan. 31, 2014, pending its acquisition by Leonard Green & Partners LP.
|
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. The series 2013-2C certificates generally will be junior to the previous series of pass-through certificates issued in July as well as the company's series 2013-2B certificates issued Nov. 27. In other sector news, (+) ZQK, Shares rise despite surprise $0.04 per share Q4 net loss, excluding one-time and special items, reversing the $0.04 profit Wall Street expected.
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In company news, American Airlines ( AAL ) is experiencing little turbulence in late trade, with shares climbing 2.6% higher and the air carrier announcing plans for a $256-million private placement of American Airlines Inc pass-through certificates. Consumer stocks are mixed today with shares of consumer staples companies in the S&P 500 trading 0.2% lower. Shares of consumer discretionary firms in the S&P 500 are up nearly 0.4%.
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8739.0
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2013-12-11 00:00:00 UTC
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David Tepper's Low P/E Stocks
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AAL
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https://www.nasdaq.com/articles/david-teppers-low-pe-stocks-2013-12-11
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nan
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nan
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The highest paid hedge fund manager of 2012, David Tepper frequently makes accurate market forecasts. On Nov. 22, he told Bloomberg that the market is not currently in a bubble, using the S&P and Nasdaq forward PD multiple as an indicator.
"Basically you have had very little change in P/E multiples in the last five years," he said, comparing this to a greatly inflated P/E during the pre-Internet bubble from 1995 to 2000. "How can you say there's any bubble? You see what a bubble looks like," he added, "This is not one." He also said that he sees the market going higher in the future.
Within his portfolio of 64 stocks, valued at $6.3 billion, Tepper holds a number of equities trading at relatively low P/E multiples. Below are the lowest.
MPG Office Trust Inc. ( MPG )
P/E ratio: 0.50
Tepper has traded MPT since the third quarter of 2009, and has reduced the position over the quarters since the second of 2011 to a size of 3,967,674 shares at third quarter end.
The REIT was acquired by Brookfield Office Properties in October for $3.15 a share, representing a 74% gain on Tepper's average buy price of $1.80 a share.
Dean Foods Company ( DF )
P/E ratio: 1.9 - close to a 10-year low
Tepper holds 428,792 shares of Deal Foods, as he has reduced the position multiple times since the first quarter of 2011. The holding represents 0.13% of his portfolio, and he has an average gain of 80% on it from his average price paid of $9.75 a share.
Dean Foods is a food and beverage company and the nation's largest processor and distributor of dairy products. Year to date, Dean Foods' stock price dropped 47% to $17.45. Through the first nine months of 2013, Dean Foods' earnings increased to $857 million, compared to $130.45 million for the same period of 2012.
In the third quarter, Dean Foods' share of the U.S. fluid milk volume market declined as it lost the business of a large retailer, while the fluid milk volumes industry-wide declined approximately 1.7% year over year, according to the USDA.
Dean Foods 10-year revenue and earnings:
Dean has approximately $361 million in cash as of the third quarter, with total debt of approximately $1.1 billion. It has a P/E ratio close to a one-year low at 0.1, and P/B ratio of 2.4. It also in the third quarter announced a new quarterly dividend of $0.07, beginning in the first quarter of 2014.
US Airways Group Inc. (LCC)
P/E ratio: 7.8
Tepper added 46,262 shares to his US Airways Group holding in the third quarter, increasing it 0.5% to 9,385,636 shares, comprising 2.8% of his portfolio.
US Airways Group merged with American Airlines ( AAL ) on Dec. 9, 2013, to form the largest airline in the world. Under the terms of the agreement, investors in US Airways Group will receive one share of American Airlines Group for every share of US Airways Group that they owned. This will reflect in Tepper's fourth quarter 13F filing.
Hess Corp. ( HES )
P/E ratio: 7.8
Tepper initiated his Hess stake in the first quarter of 2013 with 479,500 shares, trimmed the holding in the two subsequent quarters, and holds 420,180 at the end of the third quarter. He has an approximate 23% average gain on his average buy price.
Hess is a global exploration and production company for oil and natural gas that also produces petroleum products, natural gas and electricity. The company's stock year to date gained 49%, near its five-year high price at $80.51 Wednesday. For the first nine months of 2013, Hess's earnings grew to $3.13 billion from $1.65 billion in the same period of 2012.
The company's cash at quarter-end stood at $321 million, down from $642 million at year-end 2012, and debt totaled $6.21 billion, 23% reduced from year-end 2012.
Hess' 10-year revenue and earnings:
Hess also has a P/S ratio near a one-year high at 0.7, P/B ratio of 1.2, and dividend yield of 0.69%.
Ashland Inc. ( ASH )
P/E ratio: 10.8
Tepper established an Ashland position in the first quarter of 2013 with 193,265 shares, trimmed the stake the following two quarters, and holds 169,665 as of the end of the third quarter. He has an approximate gain of 15% on his average buy price for the stock.
Ashland provides specialty chemicals, technologies and insights to clients which are used in a range of products. Its stock year to date rose 15% to $94.86 Wednesday, near a 10-year high. The company's net income for fiscal year 2013 was $683, an increase from $26 million in 2012.
Ashland 10-year revenue and earnings:
Ashland had $346 million in cash and total debt of $3.27 billion as of Sept. 30, 2013. Its P/B is near a 10-year high at 1.61 and P/S is also near a 10-year high at 1.0. Its dividend yield is close to a two-year high at 1.3%.
For more David Tepper stocks, see his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of David Tepper.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US Airways Group merged with American Airlines ( AAL ) on Dec. 9, 2013, to form the largest airline in the world. The highest paid hedge fund manager of 2012, David Tepper frequently makes accurate market forecasts. Within his portfolio of 64 stocks, valued at $6.3 billion, Tepper holds a number of equities trading at relatively low P/E multiples.
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US Airways Group merged with American Airlines ( AAL ) on Dec. 9, 2013, to form the largest airline in the world. Dean Foods Company ( DF ) P/E ratio: 1.9 - close to a 10-year low Tepper holds 428,792 shares of Deal Foods, as he has reduced the position multiple times since the first quarter of 2011. In the third quarter, Dean Foods' share of the U.S. fluid milk volume market declined as it lost the business of a large retailer, while the fluid milk volumes industry-wide declined approximately 1.7% year over year, according to the USDA.
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US Airways Group merged with American Airlines ( AAL ) on Dec. 9, 2013, to form the largest airline in the world. Dean Foods Company ( DF ) P/E ratio: 1.9 - close to a 10-year low Tepper holds 428,792 shares of Deal Foods, as he has reduced the position multiple times since the first quarter of 2011. Hess Corp. ( HES ) P/E ratio: 7.8 Tepper initiated his Hess stake in the first quarter of 2013 with 479,500 shares, trimmed the holding in the two subsequent quarters, and holds 420,180 at the end of the third quarter.
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US Airways Group merged with American Airlines ( AAL ) on Dec. 9, 2013, to form the largest airline in the world. Dean Foods Company ( DF ) P/E ratio: 1.9 - close to a 10-year low Tepper holds 428,792 shares of Deal Foods, as he has reduced the position multiple times since the first quarter of 2011. Dean Foods 10-year revenue and earnings: Dean has approximately $361 million in cash as of the third quarter, with total debt of approximately $1.1 billion.
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8740.0
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2013-12-10 00:00:00 UTC
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Stock Upgrades: You Can't Stem the Rising Tide at Celgene
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AAL
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https://www.nasdaq.com/articles/stock-upgrades-you-cant-stem-rising-tide-celgene-2013-12-10
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nan
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nan
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It may be tempting fate, especially in a trading week that ominously ends on Friday the 13th, but yesterday Wall Street was inspired by a film from its annus horribilis of 1987. Released but one month after that year's crash, Planes, Trains and Automobiles was a box office favorite, and yesterday it also proved a pretty profitable trading strategy. US markets rose to records, ably assisted by an analyst-inspired 2.71% advance in debut stock American Airlines ( AAL ), a broker boost propelling FreightCar America ( RAIL ) 5.67% higher, and General Motors ( GM ) gaining 1.82% to a post-restructuring peak. Even as the S&P 500 Index (INDEXSP:.INX) reached a new high, not all equities benefited from the rising tide. Abercrombie & Fitch ( ANF ) tumbled 2.21% after renewing the $1.5 million salary of its endlessly controversial CEO. With the stock having slumped 29% this year some thought he should be canned but there was fat chance of that . At least the head of Lululemon Athletica ( LULU ), having similarly rubbed customers ( specifically their thighs ) the wrong way, is stepping down.
In terms of economic events that may move US markets this morning, October wholesale trade inventories are released at 10:00 a.m. Eastern. Regarding specific stocks, expect earnings announcements out of Autozone (AZO), Burlington Stores (BURL), H&R Block (HRB), HD Supply Holdings (HDS), Leidos Holdings (LDOS), Smith & Wesson (SWHC), and Toll Brothers (TOL).
Antofagasta (OTCMKTS:ANFGY): The copper miner gets moved to Neutral from Underperform at Credit Suisse.
Ariad Pharmaceuticals (ARIA): Stifel boosts the stock to Buy from Hold.
Blackhawk Network (HAWK): Shares are now Buy from Neutral at Citigroup. Its amended price objective is $27.
Celgene (CELG): Biotech stock Celgene, a market leader in stem-cell drugs, has surged 116.08% in the past year. There is more good news for it today, as Credit Suisse raises its recommendation to Outperform from Neutral.
Geron (GERN): GERN gets upgraded to Buy from Hold at Needham, whose target price is $10. Geron shares are surging some 13.95% as I write this article, after the company presented Phase II data for imetelstat in myelofibrosis patients at the American Society for Hematology.
Harman International (HAR): Shares are moved to Outperform from Market Perform with Wells Fargo.
Hellenic Telecom (OTCMKTS:HLTOY): JPMorgan gives the Greek phone firm an Overweight-from-Neutral upgrade.
Johnson Controls (JCI): Johnson Controls is taken to Top Pick from Outperform at RBC Capital, whose price objective is $61. The stock is seen as an ongoing, and increasingly impressive, turnaround story.
PerkinElmer (PKI): The stock is now Outperform from Neutral at Macquarie.
Royal Dutch Shell (NYSE:RDS.A): JPMorgan moves the European oil giant to Neutral from Underweight.
United Rentals (URI): Amid solid operating fundamentals, the stock gets upgraded to Top Pick from Outperform at RBC Capital. Its target, previously $72, increases to $85.
Vivendi : (OTCMKTS:VIVHY): Shares are trading higher in Europe today on the back of a Buy-from-Hold boost by Deutsche Bank.
(See also: New Stock Coverage: Papa John's Just Hit the Mother Lode and Stock Downgrades: Grim Prognosis for Quest Diagnostics )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US markets rose to records, ably assisted by an analyst-inspired 2.71% advance in debut stock American Airlines ( AAL ), a broker boost propelling FreightCar America ( RAIL ) 5.67% higher, and General Motors ( GM ) gaining 1.82% to a post-restructuring peak. Released but one month after that year's crash, Planes, Trains and Automobiles was a box office favorite, and yesterday it also proved a pretty profitable trading strategy. Geron shares are surging some 13.95% as I write this article, after the company presented Phase II data for imetelstat in myelofibrosis patients at the American Society for Hematology.
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US markets rose to records, ably assisted by an analyst-inspired 2.71% advance in debut stock American Airlines ( AAL ), a broker boost propelling FreightCar America ( RAIL ) 5.67% higher, and General Motors ( GM ) gaining 1.82% to a post-restructuring peak. Geron (GERN): GERN gets upgraded to Buy from Hold at Needham, whose target price is $10. Johnson Controls (JCI): Johnson Controls is taken to Top Pick from Outperform at RBC Capital, whose price objective is $61.
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US markets rose to records, ably assisted by an analyst-inspired 2.71% advance in debut stock American Airlines ( AAL ), a broker boost propelling FreightCar America ( RAIL ) 5.67% higher, and General Motors ( GM ) gaining 1.82% to a post-restructuring peak. Regarding specific stocks, expect earnings announcements out of Autozone (AZO), Burlington Stores (BURL), H&R Block (HRB), HD Supply Holdings (HDS), Leidos Holdings (LDOS), Smith & Wesson (SWHC), and Toll Brothers (TOL). (See also: New Stock Coverage: Papa John's Just Hit the Mother Lode and Stock Downgrades: Grim Prognosis for Quest Diagnostics ) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US markets rose to records, ably assisted by an analyst-inspired 2.71% advance in debut stock American Airlines ( AAL ), a broker boost propelling FreightCar America ( RAIL ) 5.67% higher, and General Motors ( GM ) gaining 1.82% to a post-restructuring peak. There is more good news for it today, as Credit Suisse raises its recommendation to Outperform from Neutral. Geron (GERN): GERN gets upgraded to Buy from Hold at Needham, whose target price is $10.
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8741.0
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2013-12-10 00:00:00 UTC
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Stock Downgrades: Grim Prognosis for Quest Diagnostics
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AAL
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https://www.nasdaq.com/articles/stock-downgrades-grim-prognosis-quest-diagnostics-2013-12-10
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nan
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nan
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It's a funny old world when Sysco ( SYY ), the stodgy food stock, and not Cisco ( CSCO ), the sexy tech stock, tops the entire S&P 500 (INDEXSP:.INX) on a day the index reached a new record. We have indeed come a long way from the stock market's Internet-inspired millennial madness, when Ricky Martin had investors everywhere "Livin' la Vida Loca." These days, Livin' Velveeta Loca is the way to go, with a broker boost sending its owner Kraft Foods ( KRFT ) up 1.77%. And let's not forget Livin' DaVita ( DVA ) Loca, after the kidney dialysis provider surged 6.71%. Dallas Fed head Richard Fisher attempted to cast a pall on investors by saying tapering should start "at the earliest opportunity" but equities still ended up flying high, thanks to American Airlines ( AAL ) from next door Fort Worth. It jumped 2.71% on an upbeat analyst initiation just in time for its trading debut. Unfortunately, there were no quick bucks to be made in fast food. McDonald's (MCD) moved 1.12% lower after revealing its sales were adversely impacted by competitive offerings from Wendy's (WEN). The latter has captured customers from its rival with an imaginatively revamped menu. Pretzel buns, bacon portabello melt on brioche, burgers topped with pot - that sort of thing.
In terms of economic events that may move US markets this morning, October wholesale trade inventories are released at 10:00 a.m. Eastern. Regarding specific stocks, expect earnings announcements out of Autozone (AZO), Burlington Stores (BURL), H&R Block (HRB), HD Supply Holdings (HDS), Leidos Holdings (LDOS), Smith & Wesson (SWHC), and Toll Brothers (TOL).
Edwards Lifesciences (EW): Shares are moved to Market Perform from Outperform with Wells Fargo.
Home Properties (HME): Morgan Stanley reduces Home Properties stock to Underweight from Equal Weight. Its new price objective on Home Properties is $59.
Quest Diagnostics (DGX): Quest Diagnostics gets lowered to Underperform from Neutral by Bank of America-Merrill Lynch. Its target price on Quest Diagnostics stock is now $55.
TeliaSonera (OTCMKTS:TLSNF): The stock is slashed to Sell from Hold at Deutsche Bank.
Tenneco (TEN): RBC Capital reduces its rating on Tenneco to Outperform from Top Pick. A relative lack of near-term upside is cited, and its objective on Tenneco stock is $66.
(See also: Stock Upgrades: You Can't Stem the Rising Tide at Celgene and New Stock Coverage: Papa John's Just Hit the Mother Lode )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dallas Fed head Richard Fisher attempted to cast a pall on investors by saying tapering should start "at the earliest opportunity" but equities still ended up flying high, thanks to American Airlines ( AAL ) from next door Fort Worth. We have indeed come a long way from the stock market's Internet-inspired millennial madness, when Ricky Martin had investors everywhere "Livin' la Vida Loca." McDonald's (MCD) moved 1.12% lower after revealing its sales were adversely impacted by competitive offerings from Wendy's (WEN).
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Dallas Fed head Richard Fisher attempted to cast a pall on investors by saying tapering should start "at the earliest opportunity" but equities still ended up flying high, thanks to American Airlines ( AAL ) from next door Fort Worth. Home Properties (HME): Morgan Stanley reduces Home Properties stock to Underweight from Equal Weight. (See also: Stock Upgrades: You Can't Stem the Rising Tide at Celgene and New Stock Coverage: Papa John's Just Hit the Mother Lode ) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dallas Fed head Richard Fisher attempted to cast a pall on investors by saying tapering should start "at the earliest opportunity" but equities still ended up flying high, thanks to American Airlines ( AAL ) from next door Fort Worth. It's a funny old world when Sysco ( SYY ), the stodgy food stock, and not Cisco ( CSCO ), the sexy tech stock, tops the entire S&P 500 (INDEXSP:.INX) on a day the index reached a new record. Home Properties (HME): Morgan Stanley reduces Home Properties stock to Underweight from Equal Weight.
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Dallas Fed head Richard Fisher attempted to cast a pall on investors by saying tapering should start "at the earliest opportunity" but equities still ended up flying high, thanks to American Airlines ( AAL ) from next door Fort Worth. Its new price objective on Home Properties is $59. Its target price on Quest Diagnostics stock is now $55.
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8742.0
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2013-12-09 00:00:00 UTC
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After Hours Most Active for Dec 9, 2013 : GGP, AAL, AA, QQQ, GLW, GE, BAC, MSFT, GM, CSCO, SIRI, BRCD
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-dec-9-2013-ggp-aal-aa-qqq-glw-ge-bac-msft-gm-csco-siri-brcd-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .38 to 3,516.55. The total After hours volume is currently 33,742,082 shares traded.
The following are the most active stocks for the after hours session :
General Growth Properties, Inc. ( GGP ) is -0.09 at $21.08, with 47,433,489 shares traded. GGP's current last sale is 91.65% of the target price of $23.
American Airlines Group, Inc. ( AAL ) is -0.05 at $24.55, with 13,225,435 shares traded.
Alcoa Inc. ( AA ) is -0.02 at $9.46, with 1,667,920 shares traded. AA's current last sale is 108.11% of the target price of $8.75.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.05 at $86.40, with 1,066,973 shares traded., following a 52-week high recorded in today's regular session.
Corning Incorporated ( GLW ) is +0.0133 at $17.03, with 1,048,998 shares traded. GLW's current last sale is 92.07% of the target price of $18.5.
General Electric Company ( GE ) is +0.0346 at $27.22, with 1,002,202 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Bank of America Corporation ( BAC ) is +0.01 at $15.59, with 999,682 shares traded. BAC's current last sale is 103.93% of the target price of $15.
Microsoft Corporation ( MSFT ) is +0.0574 at $38.73, with 958,932 shares traded. MSFT's current last sale is 104.67% of the target price of $37.
General Motors Company ( GM ) is +0.5 at $41.40, with 848,336 shares traded., following a 52-week high recorded in today's regular session.
Cisco Systems, Inc. ( CSCO ) is +0.0735 at $21.29, with 787,046 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Sirius XM Holdings Inc. ( SIRI ) is +0.01 at $3.68, with 715,220 shares traded. SIRI's current last sale is 81.78% of the target price of $4.5.
Brocade Communications Systems, Inc. ( BRCD ) is -0.0017 at $8.59, with 681,670 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2014. The consensus EPS forecast is $0.19. BRCD's current last sale is 107.35% of the target price of $8.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is -0.05 at $24.55, with 13,225,435 shares traded. The following are the most active stocks for the after hours session : General Growth Properties, Inc. ( GGP ) is -0.09 at $21.08, with 47,433,489 shares traded. General Motors Company ( GM ) is +0.5 at $41.40, with 848,336 shares traded., following a 52-week high recorded in today's regular session.
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American Airlines Group, Inc. ( AAL ) is -0.05 at $24.55, with 13,225,435 shares traded. PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.05 at $86.40, with 1,066,973 shares traded., following a 52-week high recorded in today's regular session. General Motors Company ( GM ) is +0.5 at $41.40, with 848,336 shares traded., following a 52-week high recorded in today's regular session.
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American Airlines Group, Inc. ( AAL ) is -0.05 at $24.55, with 13,225,435 shares traded. The following are the most active stocks for the after hours session : General Growth Properties, Inc. ( GGP ) is -0.09 at $21.08, with 47,433,489 shares traded. AA's current last sale is 108.11% of the target price of $8.75.
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American Airlines Group, Inc. ( AAL ) is -0.05 at $24.55, with 13,225,435 shares traded. AA's current last sale is 108.11% of the target price of $8.75. GLW's current last sale is 92.07% of the target price of $18.5.
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8743.0
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2010-07-26 00:00:00 UTC
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Oil Lower as U.S. Economic Worries Prevail; Gold Dips
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AAL
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https://www.nasdaq.com/articles/oil-lower-us-economic-worries-prevail-gold-dips-2010-07-26
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nan
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nan
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Oil is on the decline in early morning trade on profit-taking and worries about risks to global growth prospects, especially on concerns that the U.S. economy may not be as strong as investors had believed in recent weeks.
Gold is on the decline as investors sell off the yellow metal to make up for losses in other markets, including equities. Nevertheless, expectations are high that gold will trend higher in the longer term amid the persisting angst over global growth that will keep gold's allure as a safe haven.
At 0755 ET, Brent crude is down 0.6% at $76.97 a barrel, while light sweet crude is down 0.8% at $78.32 a barrel, while natural gas is down 0.5% at $4.56 a million British thermal units.
Gold is 0.1% weaker at $1,187.10 an ounce, while silver is 0.3% lower at $18.04 an ounce, and copper is down 0.1% at $3.18 a pound.
BP plc ( BP ) is up over 2.6% pre-market on the NYSE as speculation grows about a change in leadership. According to media reports, CEO Tony Hayward will be replaced by Robert Dudley as the oil giant continues to struggle with the clean up efforts in the Gulf of Mexico. If appointed, Dudley will be the first U.S. citizen to head the British group.
BP is also considering selling all or part of its 50% stake in TNK-BPP Holding, which is a joint venture that operates in Russia and Ukrain,e according to The Times of London. The daily reported that BP's share is likely to be bought out by Russia's OAO Gazprom or Rosneft Oil Co ( ROSN ).
In India, there are reports that energy explorer Oil & Natural Gas Corp. (500312) will spend $5 billion to develop gas fields to bolster output by nearly 60% over the next six years.
In the mining sector, Anglo Platinum Ltd ( AMSJ ) reported a rise in first-half profit on the back of higher metal prices. The company sees higher output for the latter half of this year. The company is a unit of Anglo American plc ( AAL ), and it projects demand for metals to produce cars and jewelry to be particularly strong in China.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company is a unit of Anglo American plc ( AAL ), and it projects demand for metals to produce cars and jewelry to be particularly strong in China. Oil is on the decline in early morning trade on profit-taking and worries about risks to global growth prospects, especially on concerns that the U.S. economy may not be as strong as investors had believed in recent weeks. According to media reports, CEO Tony Hayward will be replaced by Robert Dudley as the oil giant continues to struggle with the clean up efforts in the Gulf of Mexico.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The company is a unit of Anglo American plc ( AAL ), and it projects demand for metals to produce cars and jewelry to be particularly strong in China. BP plc ( BP ) is up over 2.6% pre-market on the NYSE as speculation grows about a change in leadership.
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The company is a unit of Anglo American plc ( AAL ), and it projects demand for metals to produce cars and jewelry to be particularly strong in China. Oil is on the decline in early morning trade on profit-taking and worries about risks to global growth prospects, especially on concerns that the U.S. economy may not be as strong as investors had believed in recent weeks. Nevertheless, expectations are high that gold will trend higher in the longer term amid the persisting angst over global growth that will keep gold's allure as a safe haven.
|
The company is a unit of Anglo American plc ( AAL ), and it projects demand for metals to produce cars and jewelry to be particularly strong in China. Oil is on the decline in early morning trade on profit-taking and worries about risks to global growth prospects, especially on concerns that the U.S. economy may not be as strong as investors had believed in recent weeks. The daily reported that BP's share is likely to be bought out by Russia's OAO Gazprom or Rosneft Oil Co ( ROSN ).
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8744.0
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2010-07-16 00:00:00 UTC
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Oil Nudges Up on Equities Gains, Gold Falls as Investors Seek Risks
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AAL
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https://www.nasdaq.com/articles/oil-nudges-equities-gains-gold-falls-investors-seek-risks-2010-07-16
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nan
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nan
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Oil is trending slightly higher in early morning trade, lifted by a weakening dollar coupled with a rise in global equity prices. Still, cautiousness remains as the Federal Reserve warned of a slowdown in U.S. growth, while worries about the robustness of China's economic engine persist.
Gold is falling as its allure as a safe haven is abating as investors are increasingly willing to put their money on riskier trades, including equities.
At 0800 ET, Brent crude is up 0.1% at $76.11 a barrel, while light sweet crude is up 0.2% at $76.77 a barrel, and natural gas is up 0.3% at $4.6 a million British thermal units.
Gold is 0.2% lower at $1,205.50 an ounce, while silver is down 0.5% at $18.27 an ounce, and copper is up 0.2% at $3.02 a pound.
BP plc ( BP ) is down over 1% on the NYSE pre-market even though the company said that it has finally stopped the oil flow into the Gulf of Mexico, nearly three months after its rig explosion. Speculation is growing that BP could saddle buyers of its assets with lawsuits regarding the environmental disaster as the number of claims rise.
BP may reach an agreement to sell half its stake in Alaska's Prudhoe Bay field to Apache Corp ( APA ) for $10 billion to $11 billion, according to Bloomberg.
In the mining sector, Clyde Process Solutions plc ( CPSP ) secured a 1.4
million pound deal from Anglo American plc ( AAL ) to supply a complete pneumatic conveying system for its nickel operation in Niquelandia, Brazil.
Royal Gold Inc ( RGLD ) will acquire 25% of the payable gold produced from the Mount Milligan copper-gold project in British Columbia from Thompson Creek Metals Co ( TC ) concurrent with the closing of Thompson Creek's proposed acquisition of Terrane Metals Corp.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the mining sector, Clyde Process Solutions plc ( CPSP ) secured a 1.4 million pound deal from Anglo American plc ( AAL ) to supply a complete pneumatic conveying system for its nickel operation in Niquelandia, Brazil. Oil is trending slightly higher in early morning trade, lifted by a weakening dollar coupled with a rise in global equity prices. Still, cautiousness remains as the Federal Reserve warned of a slowdown in U.S. growth, while worries about the robustness of China's economic engine persist.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In the mining sector, Clyde Process Solutions plc ( CPSP ) secured a 1.4 million pound deal from Anglo American plc ( AAL ) to supply a complete pneumatic conveying system for its nickel operation in Niquelandia, Brazil. BP plc ( BP ) is down over 1% on the NYSE pre-market even though the company said that it has finally stopped the oil flow into the Gulf of Mexico, nearly three months after its rig explosion.
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In the mining sector, Clyde Process Solutions plc ( CPSP ) secured a 1.4 million pound deal from Anglo American plc ( AAL ) to supply a complete pneumatic conveying system for its nickel operation in Niquelandia, Brazil. Still, cautiousness remains as the Federal Reserve warned of a slowdown in U.S. growth, while worries about the robustness of China's economic engine persist. Royal Gold Inc ( RGLD ) will acquire 25% of the payable gold produced from the Mount Milligan copper-gold project in British Columbia from Thompson Creek Metals Co ( TC ) concurrent with the closing of Thompson Creek's proposed acquisition of Terrane Metals Corp.
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In the mining sector, Clyde Process Solutions plc ( CPSP ) secured a 1.4 million pound deal from Anglo American plc ( AAL ) to supply a complete pneumatic conveying system for its nickel operation in Niquelandia, Brazil. Oil is trending slightly higher in early morning trade, lifted by a weakening dollar coupled with a rise in global equity prices. Still, cautiousness remains as the Federal Reserve warned of a slowdown in U.S. growth, while worries about the robustness of China's economic engine persist.
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8745.0
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2010-07-13 00:00:00 UTC
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Oil Up as Strong U.S. Earnings Increase Optimism; Gold Stronger on Portugal Downgrade
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AAL
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https://www.nasdaq.com/articles/oil-strong-us-earnings-increase-optimism-gold-stronger-portugal-downgrade-2010-07-13
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nan
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nan
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Oil is on the rise in early morning trade on improved economic sentiment in the United States in particular, with companies such as aluminum giant Alcoa Inc ( AA ) posting better-than-expected earnings results. Still, global demand for oil is seen falling in the longer-term as energy efficiency rises, according to the International Energy Agency.
Gold too is on the rise as Portugal's credit rating was cut by two levels to A1 by Moody's due to concerns about its debt situation. Investors are once again concerned about Europe's sovereign debt crisis and have turned to the yellow metal as a safe haven.
At 0755 ET, Brent crude is up 1.7% at $75.73 a barrel, while light sweet crude is up 0.9% at $75.64, and natural gas is up 0.3% at $4.40 a million British thermal units.
Gold is up 0.7% at $1,206.70 an ounce, while silver is up 0.6% at $18.03 an ounce, and copper is down 0.4% at $2.99 a pound.
The Paris-based International Energy Agency reported that global demand for energy is likely to fall next year as growth in industrial countries is seen to remain sluggish. While the IEA anticipates sees demand growth rising 2.1% this year to average 86.5 million a barrel, that pace will fall in 2011 in part due to increased energy efficiency.
BP plc ( BP ) is up nearly 2% pre-market on the NYSE as the company said it placed a new cap on its leaking well in the Gulf of Mexico.
In the mining sector, giants including BHP Billiton Ltd ( BHP ), and Anglo American plc ( AAL ) are down on concerns that China's plan to rein in real estate speculation will reduce demand for metals used in pipes and wires for construction.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the mining sector, giants including BHP Billiton Ltd ( BHP ), and Anglo American plc ( AAL ) are down on concerns that China's plan to rein in real estate speculation will reduce demand for metals used in pipes and wires for construction. Oil is on the rise in early morning trade on improved economic sentiment in the United States in particular, with companies such as aluminum giant Alcoa Inc ( AA ) posting better-than-expected earnings results. Gold too is on the rise as Portugal's credit rating was cut by two levels to A1 by Moody's due to concerns about its debt situation.
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In the mining sector, giants including BHP Billiton Ltd ( BHP ), and Anglo American plc ( AAL ) are down on concerns that China's plan to rein in real estate speculation will reduce demand for metals used in pipes and wires for construction. Still, global demand for oil is seen falling in the longer-term as energy efficiency rises, according to the International Energy Agency. The Paris-based International Energy Agency reported that global demand for energy is likely to fall next year as growth in industrial countries is seen to remain sluggish.
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In the mining sector, giants including BHP Billiton Ltd ( BHP ), and Anglo American plc ( AAL ) are down on concerns that China's plan to rein in real estate speculation will reduce demand for metals used in pipes and wires for construction. Still, global demand for oil is seen falling in the longer-term as energy efficiency rises, according to the International Energy Agency. While the IEA anticipates sees demand growth rising 2.1% this year to average 86.5 million a barrel, that pace will fall in 2011 in part due to increased energy efficiency.
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In the mining sector, giants including BHP Billiton Ltd ( BHP ), and Anglo American plc ( AAL ) are down on concerns that China's plan to rein in real estate speculation will reduce demand for metals used in pipes and wires for construction. Oil is on the rise in early morning trade on improved economic sentiment in the United States in particular, with companies such as aluminum giant Alcoa Inc ( AA ) posting better-than-expected earnings results. Gold too is on the rise as Portugal's credit rating was cut by two levels to A1 by Moody's due to concerns about its debt situation.
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8746.0
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2010-06-23 00:00:00 UTC
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Oil Lower With Eyes on Crude Data, Gold Gains as Equity Prices Slump
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AAL
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https://www.nasdaq.com/articles/oil-lower-eyes-crude-data-gold-gains-equity-prices-slump-2010-06-23
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nan
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nan
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Oil is on the decline in early morning trade as investors await the outcome of the latest FOMC meeting in the afternoon, as well as the release of the latest weekly crude inventories data by the U.S. Department of Energy. The American Petroleum Institute reported Tuesday that stockpiles rose by 3.69 million barrels, and the DOE is seen by analysts to report a similar increase.
Gold, on the other hand, is rising as the yellow metal's allure increases amid a fall in global equity prices. The euro's gain against the greenback also pushed up demand for precious metals as alternative assets.
At 0750 ET, Brent crude is down 0.1% at $77.95 a barrel, while light sweet crude is down 0.2% at $77.66 a barrel, and natural gas is up 0.2% at $4.76 a million British thermal units.
Gold is up 0.4% at $1,246.00 an ounce, while silver is up 0.2% at $18.94 an ounce, and copper is down 0.3% at $2.98 a pound.
The International Energy Agency reported that global energy demand will fall over the next five years as Chinese consumption slows down. The Paris-based agency projects demand to shrink each year to average 1% in 2015, or 940,000 barrels a day, compared to 1.62 million barrels a day, or 1.9%, in 2010. Total consumption is forecast to reach 91.93 million barrels a day in five years' time compared to 86.39 million barrels a day in 2010.
Petroleo Brasileiro SA (PETR4) has delayed a $25 billion stock offering until September, even though it had been planned for July. Better known as Petrobras, the Brazilian group said it has decided to postpone the stock sale as a price has not yet been set in a deal to buy oil reserves from the government. The initial plan was to buy rights to as much as 5 billion barrels of oil from the government with stock, but industry regulators will be assessing the value of the reserves by the end of August.
In the metals market, Royal Gold Inc. ( RGLD ) priced its public offering of 5.2 million shares at $48.50. The Denver-based company's shares closed at $51.28 Tuesday. The $240.3 million projected to be raised through the sale will be used to pay down debt, fund acquisitions, and for other purposes.
As for Anglo American plc ( AAL ), it anticipates copper output in Chile to be slightly below levels reached in 2009, according to Reuters. The company had produced 669,800 tons of copper in 2009, with most of it mined in Chile.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
As for Anglo American plc ( AAL ), it anticipates copper output in Chile to be slightly below levels reached in 2009, according to Reuters. Better known as Petrobras, the Brazilian group said it has decided to postpone the stock sale as a price has not yet been set in a deal to buy oil reserves from the government. The initial plan was to buy rights to as much as 5 billion barrels of oil from the government with stock, but industry regulators will be assessing the value of the reserves by the end of August.
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As for Anglo American plc ( AAL ), it anticipates copper output in Chile to be slightly below levels reached in 2009, according to Reuters. The International Energy Agency reported that global energy demand will fall over the next five years as Chinese consumption slows down. The Paris-based agency projects demand to shrink each year to average 1% in 2015, or 940,000 barrels a day, compared to 1.62 million barrels a day, or 1.9%, in 2010.
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As for Anglo American plc ( AAL ), it anticipates copper output in Chile to be slightly below levels reached in 2009, according to Reuters. The Paris-based agency projects demand to shrink each year to average 1% in 2015, or 940,000 barrels a day, compared to 1.62 million barrels a day, or 1.9%, in 2010. Total consumption is forecast to reach 91.93 million barrels a day in five years' time compared to 86.39 million barrels a day in 2010.
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As for Anglo American plc ( AAL ), it anticipates copper output in Chile to be slightly below levels reached in 2009, according to Reuters. The International Energy Agency reported that global energy demand will fall over the next five years as Chinese consumption slows down. The Paris-based agency projects demand to shrink each year to average 1% in 2015, or 940,000 barrels a day, compared to 1.62 million barrels a day, or 1.9%, in 2010.
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8747.0
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2010-05-25 00:00:00 UTC
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Oil Falls Below $70 on Persisting European Worries, Gold Down As Investors Cover Loss
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AAL
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https://www.nasdaq.com/articles/oil-falls-below-70-persisting-european-worries-gold-down-investors-cover-loss-2010-05-25
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nan
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nan
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Oil is falling fast in early morning trade, breaking the psychologically critical $70 level as persistent worries about Europe's sovereign debt hampering global growth pushes down energy demand. A strengthening dollar following the International Monetary Fund's urging to get Spain to do more to reform its financial sector has also triggered investors to continue their sell-off of crude.
As for gold, it is down slightly and many analysts expect the yellow metal to face selling pressure in the near term as investors look to cover their losses in other markets. Still, gold is seen retaining its allure as a safe haven in the longer term, especially if investors remain rattled by the financial situation in Europe.
At 0750 ET, Brent crude is 2.9% weaker at $69.14 a barrel, while light sweet crude is down 3.5% at $67.77 a barrel, and natural gas is 0.3% lower at $4.00 a million British thermal units.
Gold is down 0.1% at $1,192.40 an ounce, while silver is down 1.4% at $17.74 an ounce, and copper is 3.2% weaker at $3.05 a pound.
Market players will be watching carefully the release of the latest weekly U.S. crude inventories data by the American Petroleum Institute later in the day, and by the U.S. Department of Energy Wednesday morning. Most analysts expect inventories to continue increasing due to rising imports.
The rapid decline in oil prices has yet to rattle major crude exporters, however, at least in public. Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah said that OPEC has no plans to do anything about the 26% drop in prices this month, and that the Organization of Petroleum Exporting Countries has no plans to hold an emergency meeting.
Meanwhile, Tesoro Corp.'s ( TSO ) Los Angeles refinery reported a small hydrocarbon release from a line which was an isolated incident, according to a notice filed with the California Emergency Management Agency. The refinery produces about 100,000 barrels a day.
In the metals market, Anglo American plc ( AAL ) is seen resuming paying out dividends in August, according to Goldman Sachs. Analyst Peter Mallin-Jones said in a report that Anglo American's finances are in a "healthier position" as it sold off assets to reduce debts on the one hand, and metals prices increased on the other. Goldman raised its rating for Anglo American to conviction buy from neutral.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the metals market, Anglo American plc ( AAL ) is seen resuming paying out dividends in August, according to Goldman Sachs. Oil is falling fast in early morning trade, breaking the psychologically critical $70 level as persistent worries about Europe's sovereign debt hampering global growth pushes down energy demand. Market players will be watching carefully the release of the latest weekly U.S. crude inventories data by the American Petroleum Institute later in the day, and by the U.S. Department of Energy Wednesday morning.
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In the metals market, Anglo American plc ( AAL ) is seen resuming paying out dividends in August, according to Goldman Sachs. Most analysts expect inventories to continue increasing due to rising imports. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the metals market, Anglo American plc ( AAL ) is seen resuming paying out dividends in August, according to Goldman Sachs. At 0750 ET, Brent crude is 2.9% weaker at $69.14 a barrel, while light sweet crude is down 3.5% at $67.77 a barrel, and natural gas is 0.3% lower at $4.00 a million British thermal units. Market players will be watching carefully the release of the latest weekly U.S. crude inventories data by the American Petroleum Institute later in the day, and by the U.S. Department of Energy Wednesday morning.
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In the metals market, Anglo American plc ( AAL ) is seen resuming paying out dividends in August, according to Goldman Sachs. As for gold, it is down slightly and many analysts expect the yellow metal to face selling pressure in the near term as investors look to cover their losses in other markets. The refinery produces about 100,000 barrels a day.
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8748.0
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2010-05-10 00:00:00 UTC
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Gold Down as Investors Flock to European Assets on $1 Trillion Bailout Deal
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AAL
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https://www.nasdaq.com/articles/gold-down-investors-flock-european-assets-1-trillion-bailout-deal-2010-05-10
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nan
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nan
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Gold is slumping in morning trade Monday as investors flocked to European equities and the euro as the European Union together with the International Monetary Fund unveiled a massive $1 trillion rescue plan to bail out ailing Greece.
The yellow metal had been gaining over the past few weeks as a safe haven to the ongoing upheaval in the euro zone. The latest bailout package, however, has reduced investors' appetite to seek out alternative assets.
At 0820 ET, gold is down 1.3% at $1,194.20 an ounce, but silver is up 0.2% at $18.50 an ounce, while copper is up 3.4% at $324.55 a pound.
Unlike gold, the allure of base metals is rising, especially with improved European growth prospects brightening the global economic outlook. Vedanta Resources plc ( VED ) will be buying the zinc assets of Anglo American American plc ( AAL ) for $1.3 billion to consolidate its position as the world's largest producer of zinc and lead.
Meanwhile, Russian gold miner Petropavlovsk plc ( PPLKY ) is spinning off its iron ore division in a Hong Kong listing as it secured Chinese project financing, according to the Financial Times. Formerly known as Peter Hambro Mining, is planning a listing that could value the iron ore unit at $1.5 billion, the FT reported.
As for Strikeforce Mining & Resources plc, the company has decided to delay the launch of its $150 million to $200 million IPO in Hong Kong until market conditions improve, according to the Wall Street Journal. Strikeforce is owned by Russian billionaire Oleg Deripaska's EN+ Group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Vedanta Resources plc ( VED ) will be buying the zinc assets of Anglo American American plc ( AAL ) for $1.3 billion to consolidate its position as the world's largest producer of zinc and lead. The yellow metal had been gaining over the past few weeks as a safe haven to the ongoing upheaval in the euro zone. Unlike gold, the allure of base metals is rising, especially with improved European growth prospects brightening the global economic outlook.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Vedanta Resources plc ( VED ) will be buying the zinc assets of Anglo American American plc ( AAL ) for $1.3 billion to consolidate its position as the world's largest producer of zinc and lead. As for Strikeforce Mining & Resources plc, the company has decided to delay the launch of its $150 million to $200 million IPO in Hong Kong until market conditions improve, according to the Wall Street Journal.
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Vedanta Resources plc ( VED ) will be buying the zinc assets of Anglo American American plc ( AAL ) for $1.3 billion to consolidate its position as the world's largest producer of zinc and lead. Gold is slumping in morning trade Monday as investors flocked to European equities and the euro as the European Union together with the International Monetary Fund unveiled a massive $1 trillion rescue plan to bail out ailing Greece. Meanwhile, Russian gold miner Petropavlovsk plc ( PPLKY ) is spinning off its iron ore division in a Hong Kong listing as it secured Chinese project financing, according to the Financial Times.
|
Vedanta Resources plc ( VED ) will be buying the zinc assets of Anglo American American plc ( AAL ) for $1.3 billion to consolidate its position as the world's largest producer of zinc and lead. Gold is slumping in morning trade Monday as investors flocked to European equities and the euro as the European Union together with the International Monetary Fund unveiled a massive $1 trillion rescue plan to bail out ailing Greece. The yellow metal had been gaining over the past few weeks as a safe haven to the ongoing upheaval in the euro zone.
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8749.0
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2010-04-22 00:00:00 UTC
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Gold Down as Rising Greece Deficit Turns Investors to Greenback
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AAL
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https://www.nasdaq.com/articles/gold-down-rising-greece-deficit-turns-investors-greenback-2010-04-22
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nan
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nan
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Gold is weaker in morning trade Thursday amid renewed concerns about the euro zone, this time from Ireland as well as Greece. The two countries reported large deficits that have rattled investors, and has boosted demand for the greenback, which in turn has weakened demand for alternative assets including precious metals.
The European Union's statistics office Eurostat reported Ireland's deficit reached 14.3% of GDP in 2009, while Greece's deficit was 13.6%. Previously, Greece's deficit was reported to be 12.7%, and Eurostat cautioned that the figure could be even higher in its final report. Currently, Greece's debt-to-GDP ratio stands at 115.1%, as the country began talks this week with the International Monetary Fund, the European Central Bank, and the European Commission to come up with details on a financial aid package to deal with its burgeoning debt.
At 0800 ET, gold is 0.6% lower at $1,141.60 an ounce, while silver is down 0.8% at $17.94 an ounce, and copper is 1.6% weaker at $347.75 a pound.
Still, demand for base metals may rise this year, at least in China. Beijing Antaike Information Development reported that copper consumption in the country could rise 8% on year to 6.05 million metric tons in 2010, with demand in the housing and transport sectors seen remaining strong. The research group also reported that copper production in China could gain 10% from a year ago to 4.55 million tons.
On the corporate front, Australian mining group Newcrest Mining Ltd. ( NCM ) reported third quarter production rising 14%, with gold output rising to 416,651 ounces compared to 364,794 ounces produced during the same period a year ago. The Melbourne-based company said production at its Hidden Valley mine in Papua New Guinea fell short of expectations due to commissioning delays. For the full year, Newcrest sees output at Hidden Valley reaching between 65,000 and 75,000 ounces, down from its earlier projection of 75,000 and 85,000 ounces.
Meanwhile, mining giant Anglo American plc ( AAL ) reported iron ore production rising 23% in the first quarter from the same period a year ago to 12.3 million tons as its Sishen plant rose to full production. The company also reported platinum refined production rising 11% to 447,000 ounces.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, mining giant Anglo American plc ( AAL ) reported iron ore production rising 23% in the first quarter from the same period a year ago to 12.3 million tons as its Sishen plant rose to full production. Gold is weaker in morning trade Thursday amid renewed concerns about the euro zone, this time from Ireland as well as Greece. Beijing Antaike Information Development reported that copper consumption in the country could rise 8% on year to 6.05 million metric tons in 2010, with demand in the housing and transport sectors seen remaining strong.
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Meanwhile, mining giant Anglo American plc ( AAL ) reported iron ore production rising 23% in the first quarter from the same period a year ago to 12.3 million tons as its Sishen plant rose to full production. On the corporate front, Australian mining group Newcrest Mining Ltd. ( NCM ) reported third quarter production rising 14%, with gold output rising to 416,651 ounces compared to 364,794 ounces produced during the same period a year ago. For the full year, Newcrest sees output at Hidden Valley reaching between 65,000 and 75,000 ounces, down from its earlier projection of 75,000 and 85,000 ounces.
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Meanwhile, mining giant Anglo American plc ( AAL ) reported iron ore production rising 23% in the first quarter from the same period a year ago to 12.3 million tons as its Sishen plant rose to full production. Beijing Antaike Information Development reported that copper consumption in the country could rise 8% on year to 6.05 million metric tons in 2010, with demand in the housing and transport sectors seen remaining strong. On the corporate front, Australian mining group Newcrest Mining Ltd. ( NCM ) reported third quarter production rising 14%, with gold output rising to 416,651 ounces compared to 364,794 ounces produced during the same period a year ago.
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Meanwhile, mining giant Anglo American plc ( AAL ) reported iron ore production rising 23% in the first quarter from the same period a year ago to 12.3 million tons as its Sishen plant rose to full production. The European Union's statistics office Eurostat reported Ireland's deficit reached 14.3% of GDP in 2009, while Greece's deficit was 13.6%. On the corporate front, Australian mining group Newcrest Mining Ltd. ( NCM ) reported third quarter production rising 14%, with gold output rising to 416,651 ounces compared to 364,794 ounces produced during the same period a year ago.
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8750.0
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2010-04-13 00:00:00 UTC
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Gold Down as Euro Slips, Anglo Platinum Sees Rising Output
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AAL
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https://www.nasdaq.com/articles/gold-down-euro-slips-anglo-platinum-sees-rising-output-2010-04-13
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nan
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nan
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Gold is on the decline in morning trade Tuesday, as the euro fell against the greenback and profit-taking hit the yellow metal that had reached a four-month high in the previous session.
The euro has slipped against the dollar as the initial euphoria over Greece's bailout package over the weekend waned and concerns rise as to how effectively the Greek government will use the funds to deal with its debts. A stronger dollar decreases investors' appetite for alternative assets such as precious metals.
At 0815 ET, gold is down 0.7% at $1,154.60 an ounce, while silver is down 1.4% at $18.15, and copper is up 0.2% at $357.05 a pound.
As for platinum, its largest miner, Anglo Platinum ( AGPPY ), anticipates producing 8% more than it had previously forecast this year. According to CEO Neville Nicolau, the company could produce 150,000 to 200,000 ounces more than the 2.5 million ounces that it had initially forecast. Meanwhile, costs are expected to remain stable this year and next, the CEO said.
As for Anglo Asian Mining plc ( AAZ ), it said that initial results of a phase 1 study of its Gedabek gold and copper mine in Azerbaijan shows gold, copper, and silver metal contents of at least 50%.
Meanwhile, China Metallurgical Group Corp. has bid for $800 million worth of zinc assets, including some mines, being sold by Anglo American plc ( AAL ). China Metallurgical is the parent company of Metallurgical Corp. of China Ltd. (1618) and owns Huludao Zinc Industry Co. (000751), a major zinc smelter.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, China Metallurgical Group Corp. has bid for $800 million worth of zinc assets, including some mines, being sold by Anglo American plc ( AAL ). Gold is on the decline in morning trade Tuesday, as the euro fell against the greenback and profit-taking hit the yellow metal that had reached a four-month high in the previous session. The euro has slipped against the dollar as the initial euphoria over Greece's bailout package over the weekend waned and concerns rise as to how effectively the Greek government will use the funds to deal with its debts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Meanwhile, China Metallurgical Group Corp. has bid for $800 million worth of zinc assets, including some mines, being sold by Anglo American plc ( AAL ). As for Anglo Asian Mining plc ( AAZ ), it said that initial results of a phase 1 study of its Gedabek gold and copper mine in Azerbaijan shows gold, copper, and silver metal contents of at least 50%.
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Meanwhile, China Metallurgical Group Corp. has bid for $800 million worth of zinc assets, including some mines, being sold by Anglo American plc ( AAL ). According to CEO Neville Nicolau, the company could produce 150,000 to 200,000 ounces more than the 2.5 million ounces that it had initially forecast. As for Anglo Asian Mining plc ( AAZ ), it said that initial results of a phase 1 study of its Gedabek gold and copper mine in Azerbaijan shows gold, copper, and silver metal contents of at least 50%.
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Meanwhile, China Metallurgical Group Corp. has bid for $800 million worth of zinc assets, including some mines, being sold by Anglo American plc ( AAL ). Gold is on the decline in morning trade Tuesday, as the euro fell against the greenback and profit-taking hit the yellow metal that had reached a four-month high in the previous session. According to CEO Neville Nicolau, the company could produce 150,000 to 200,000 ounces more than the 2.5 million ounces that it had initially forecast.
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8751.0
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2010-03-24 00:00:00 UTC
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Gold Weaker as Greece Jitters Persist, Rio Tinto-BHP Iron Ore Venture Seen Souring
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AAL
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https://www.nasdaq.com/articles/gold-weaker-greece-jitters-persist-rio-tinto-bhp-iron-ore-venture-seen-souring-2010-03-24
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nan
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nan
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Gold is on the decline in early morning trade Wednesday, as the dollar continues to rise against the euro in particular, diminishing investors' appetite for alternative assets.
Precious metals are seen remaining on the downside amid speculation that Greece will need to turn to the International Monetary Fund for financial aid in order to secure outside support.
At 0810 ET, gold is down 0.8% at $1,095.20 an ounce, while silver is down 1.7% at $1,674.00 an ounce, and copper is 1.3% weaker at $333.65 a pound.
As for the base metal market, a iron ore joint venture between BHP Billiton Ltd ( BHP ) and Rio Tinto plc ( RTP ) is looking less likely amid rising prices, according to the Wall Street Journal. Rio Tinto is still publicly supportive of the venture, which is expected to deliver $10 billion in synergies, but the company now has major doubts about the project, the WSJ said. Iron ore prices have more than doubled since the venture was announced last June, and analysts argue that payment of $5.8 billion that BHP Billiton would make to Rio Tinto as part of the deal in recognition of Rio's larger West Australian iron ore businessis now looking cheap, the financial daily said.
Meanwhile, Anglo American ( AAL ) was upgraded to "overweight" from "neutral" by J.P. Morgan. "We believe Anglo's unique commodity exposure, strong near-term growth and asset quality present an attractive opportunity at a time when management appear to be taking the business down the cost curve," J.P. Morgan said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, Anglo American ( AAL ) was upgraded to "overweight" from "neutral" by J.P. Morgan. Gold is on the decline in early morning trade Wednesday, as the dollar continues to rise against the euro in particular, diminishing investors' appetite for alternative assets. Precious metals are seen remaining on the downside amid speculation that Greece will need to turn to the International Monetary Fund for financial aid in order to secure outside support.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Meanwhile, Anglo American ( AAL ) was upgraded to "overweight" from "neutral" by J.P. Morgan. As for the base metal market, a iron ore joint venture between BHP Billiton Ltd ( BHP ) and Rio Tinto plc ( RTP ) is looking less likely amid rising prices, according to the Wall Street Journal.
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Meanwhile, Anglo American ( AAL ) was upgraded to "overweight" from "neutral" by J.P. Morgan. As for the base metal market, a iron ore joint venture between BHP Billiton Ltd ( BHP ) and Rio Tinto plc ( RTP ) is looking less likely amid rising prices, according to the Wall Street Journal. Iron ore prices have more than doubled since the venture was announced last June, and analysts argue that payment of $5.8 billion that BHP Billiton would make to Rio Tinto as part of the deal in recognition of Rio's larger West Australian iron ore businessis now looking cheap, the financial daily said.
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Meanwhile, Anglo American ( AAL ) was upgraded to "overweight" from "neutral" by J.P. Morgan. Gold is on the decline in early morning trade Wednesday, as the dollar continues to rise against the euro in particular, diminishing investors' appetite for alternative assets. Precious metals are seen remaining on the downside amid speculation that Greece will need to turn to the International Monetary Fund for financial aid in order to secure outside support.
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8752.0
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2023-12-08 00:00:00 UTC
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Pre-market Movers: MBI, FLJ, HCP, CDMO, GDHG…
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AAMC
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https://www.nasdaq.com/articles/pre-market-movers%3A-mbi-flj-hcp-cdmo-gdhg...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 06.40 A.M. ET).
In the Green
MBIA Inc. (MBI) is up over 57% at $11.63. FLJ Group Limited (FLJ) is up over 49% at $2.96. BIOLASE, Inc. (BIOL) is up over 13% at $1.35. Eneti Inc. (NETI) is up over 9% at $10.75. Genfit S.A. (GNFT) is up over 9% at $3.50. Hello Group Inc. (MOMO) is up over 8% at $7.12. SELLAS Life Sciences Group, Inc. (SLS) is up over 8% at $1.10. Clean Earth Acquisitions Corp. (CLIN) is up over 6% at $5.32. Tivic Health Systems, Inc. (TIVC) is up over 6% at $2.18. Lilium N.V. (LILM) is up over 6% at $1.40. Smart for Life, Inc. (SMFL) is up over 6% at $1.17. enGene Holdings Inc. (ENGN) is up over 5% at $7.79. Altimmune, Inc. (ALT) is up over 5% at $6.93. Grom Social Enterprises, Inc. (GROM) is up over 5% at $1.07.
In the Red
HashiCorp, Inc. (HCP) is down over 24% at $18.90. Avid Bioservices, Inc. (CDMO) is down over 19% at $4.25. Golden Heaven Group Holdings Ltd. (GDHG) is down over 18% at $1.89. Save Foods, Inc. (SVFD) is down over 15% at $2.58. Solid Biosciences Inc. (SLDB) is down over 13% at $4.97. Mustang Bio, Inc. (MBIO) is down over 10% at $1.39. Gates Industrial Corporation plc (GTES) is down over 8% at $11.26. Altisource Asset Management Corporation (AAMC) is down over 8% at $4.77. iBio, Inc. (IBIO) is down over 8% at $1.34. Mural Oncology plc (MURA) is down over 7% at $3.58. G1 Therapeutics, Inc. (GTHX) is down over 7% at $2.95. View, Inc. (VIEW) is down over 7% at $1.28. Fenbo Holdings Limited (FEBO) is down over 5% at $4.67.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management Corporation (AAMC) is down over 8% at $4.77. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 06.40 A.M. Golden Heaven Group Holdings Ltd. (GDHG) is down over 18% at $1.89.
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Altisource Asset Management Corporation (AAMC) is down over 8% at $4.77. FLJ Group Limited (FLJ) is up over 49% at $2.96. Golden Heaven Group Holdings Ltd. (GDHG) is down over 18% at $1.89.
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Altisource Asset Management Corporation (AAMC) is down over 8% at $4.77. FLJ Group Limited (FLJ) is up over 49% at $2.96. Golden Heaven Group Holdings Ltd. (GDHG) is down over 18% at $1.89.
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Altisource Asset Management Corporation (AAMC) is down over 8% at $4.77. SELLAS Life Sciences Group, Inc. (SLS) is up over 8% at $1.10. Golden Heaven Group Holdings Ltd. (GDHG) is down over 18% at $1.89.
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8753.0
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2023-12-07 00:00:00 UTC
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Financial Sector Update for 12/07/2023: AAMC, BLK, GBLI, AUB, SQ
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-for-12-07-2023%3A-aamc-blk-gbli-aub-sq
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nan
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nan
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Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both gaining 0.5%.
The Philadelphia Housing Index climbed 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%.
Bitcoin (BTC-USD) fell 1% to $43,304, and the yield for 10-year US Treasuries edged higher to 4.13%.
In economic news, US initial jobless claims rose sequentially to 220,000 in the week ended Dec. 2 from an upwardly revised 219,000, in line with expectations in a survey of analysts compiled by Bloomberg.
Wholesale inventories, which fell 0.4% in October, were revised lower from a 0.2% drop in the advance reading. Inventories were flat in September. Analysts in a survey compiled by Bloomberg expected October inventories to be unrevised.
In corporate news, Altisource Asset Management (AAMC) shares surged 59% after the company said that a court in the US Virgin Islands allowed its claims in a lawsuit seeking damages against Blackrock (BLK) and Pimco to proceed.
Global Indemnity (GBLI) tumbled 15% after the company suspended the exploration of the sale or merger of Penn-America, its insurance group, and Global Indemnity itself.
Atlantic Union Bankshares (AUB) unit Atlantic Union Bank said Thursday it will pay $6.2 million to settle a probe by the US Consumer Financial Protection Bureau into some of its practices from 2017 to 2020 related to an overdraft program. Atlantic Union Bankshares rose 1.5%.
Block (SQ) launched its Bitkey bitcoin wallet in more than 95 countries. Its shares added 0.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In corporate news, Altisource Asset Management (AAMC) shares surged 59% after the company said that a court in the US Virgin Islands allowed its claims in a lawsuit seeking damages against Blackrock (BLK) and Pimco to proceed. The Philadelphia Housing Index climbed 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%. In economic news, US initial jobless claims rose sequentially to 220,000 in the week ended Dec. 2 from an upwardly revised 219,000, in line with expectations in a survey of analysts compiled by Bloomberg.
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In corporate news, Altisource Asset Management (AAMC) shares surged 59% after the company said that a court in the US Virgin Islands allowed its claims in a lawsuit seeking damages against Blackrock (BLK) and Pimco to proceed. Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both gaining 0.5%. The Philadelphia Housing Index climbed 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%.
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In corporate news, Altisource Asset Management (AAMC) shares surged 59% after the company said that a court in the US Virgin Islands allowed its claims in a lawsuit seeking damages against Blackrock (BLK) and Pimco to proceed. Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both gaining 0.5%. In economic news, US initial jobless claims rose sequentially to 220,000 in the week ended Dec. 2 from an upwardly revised 219,000, in line with expectations in a survey of analysts compiled by Bloomberg.
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In corporate news, Altisource Asset Management (AAMC) shares surged 59% after the company said that a court in the US Virgin Islands allowed its claims in a lawsuit seeking damages against Blackrock (BLK) and Pimco to proceed. Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both gaining 0.5%. Analysts in a survey compiled by Bloomberg expected October inventories to be unrevised.
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8754.0
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2023-12-07 00:00:00 UTC
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Pre-market Movers: MLGO, ZVSA, CXM, WVE, AAMC…
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AAMC
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https://www.nasdaq.com/articles/pre-market-movers%3A-mlgo-zvsa-cxm-wve-aamc...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Thursday's pre-market trading (as of 06.55 A.M. ET).
In the Green
MicroAlgo Inc. (MLGO) is up over 49% at $14.32. Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14. AerSale Corporation (ASLE) is up over 15% at $16.48. Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75. Barnes & Noble Education, Inc. (BNED) is up over 12% at $1.18. Semtech Corporation (SMTC) is up over 11% at $18.57. Leju Holdings Limited (LEJU) is up over 11% at $2.27. Verint Systems Inc. (VRNT) is up over 10% at $26.59. Alithya Group Inc. (ALYA) is up over 10% at $1.18. Altimmune, Inc. (ALT) is up over 9% at $7.53. Reviva Pharmaceuticals Holdings, Inc. (RVPH) is up over 8% at $4.01. Braze, Inc. (BRZE) is up over 7% at $60.45. Vistagen Therapeutics, Inc. (VTGN) is up over 7% at $4.77. Able View Global Inc. (ABLV) is up over 7% at $2.44.
In the Red
ZyVersa Therapeutics, Inc. (ZVSA) is down over 39% at $1.30. Sprinklr, Inc. (CXM) is down over 25% at $12.50. Wave Life Sciences Ltd. (WVE) is down over 22% at $5.34. BAIYU Holdings, Inc. (BYU) is down over 22% at $1.41. Syros Pharmaceuticals, Inc. (SYRS) is down over 13% at $3.46. The Duckhorn Portfolio, Inc. (NAPA) is down over 11% at $9.00. C3.ai, Inc. (AI) is down over 10% at $26.01. Chewy, Inc. (CHWY) is down over 10% at $17.38. Clean Earth Acquisitions Corp. (CLIN) is down over 10% at $6.25. Lion Group Holding Ltd. (LGHL) is down over 10% at $1.14. GameStop Corp. (GME) is down over 7% at $13.79. Bitdeer Technologies Group (BTDR) is down over 5% at $5.40. Mural Oncology plc (MURA) is down over 5% at $3.62.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14. (RTTNews) - The following are some of the stocks making big moves in Thursday's pre-market trading (as of 06.55 A.M. Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75.
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Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14. Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75. Leju Holdings Limited (LEJU) is up over 11% at $2.27.
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Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14. Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75. Lion Group Holding Ltd. (LGHL) is down over 10% at $1.14.
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Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14. Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75. Reviva Pharmaceuticals Holdings, Inc. (RVPH) is up over 8% at $4.01.
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8755.0
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2023-09-15 00:00:00 UTC
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Pre-market Movers: GDHG, NVX, MODN, ARM, BORR…
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AAMC
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https://www.nasdaq.com/articles/pre-market-movers%3A-gdhg-nvx-modn-arm-borr...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.20 A.M. ET).
In the Green
Golden Heaven Group Holdings Ltd. (GDHG) is up over 22% at $5.26. Novonix Limited (NVX) is up over 15% at $2.15. Model N, Inc. (MODN) is up over 9% at $28.51. Arm Holdings plc (ARM) is up over 7% at $68.44. Borr Drilling Limited (BORR) is up over 5% at $7.60. Unity Software Inc. (U) is up over 4% at $37.40. Paysafe Limited (PSFE) is up over 4% at $14.00. Global Net Lease, Inc. (GNL) is up over 4% at $11.95. Frequency Electronics, Inc. (FEIM) is up over 4% at $6.88.
In the Red
Gold Fields Limited (GFI) is down over 4% at $11.89. Altisource Asset Management Corporation (AAMC) is down over 4% at $6.59. Calidi Biotherapeutics, Inc. (CLDI) is down over 4% at $3.78. Xinyuan Real Estate Co., Ltd. (XIN) is down over 3% at $2.80.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management Corporation (AAMC) is down over 4% at $6.59. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.20 A.M. In the Green Golden Heaven Group Holdings Ltd. (GDHG) is up over 22% at $5.26.
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Altisource Asset Management Corporation (AAMC) is down over 4% at $6.59. Arm Holdings plc (ARM) is up over 7% at $68.44. Borr Drilling Limited (BORR) is up over 5% at $7.60.
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Altisource Asset Management Corporation (AAMC) is down over 4% at $6.59. Arm Holdings plc (ARM) is up over 7% at $68.44. Borr Drilling Limited (BORR) is up over 5% at $7.60.
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Altisource Asset Management Corporation (AAMC) is down over 4% at $6.59. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.20 A.M. In the Green Golden Heaven Group Holdings Ltd. (GDHG) is up over 22% at $5.26.
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8756.0
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2023-09-09 00:00:00 UTC
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Altisource Asset Management Promotes Richard Rodick To CFO
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AAMC
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https://www.nasdaq.com/articles/altisource-asset-management-promotes-richard-rodick-to-cfo
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nan
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nan
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(RTTNews) - Altisource Asset Management Corp (AAMC) announced the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer.
The company said that Rodick succeeds previous CFO Stephen Krallman, who is resigning from his role effective September 14, 2023.
Additionally, the board has elected to cancel the previously reported 2 for 1 common stock split and instead is proceeding with a 70% stock dividend.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Altisource Asset Management Corp (AAMC) announced the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer. The company said that Rodick succeeds previous CFO Stephen Krallman, who is resigning from his role effective September 14, 2023. Additionally, the board has elected to cancel the previously reported 2 for 1 common stock split and instead is proceeding with a 70% stock dividend.
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(RTTNews) - Altisource Asset Management Corp (AAMC) announced the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer. The company said that Rodick succeeds previous CFO Stephen Krallman, who is resigning from his role effective September 14, 2023. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Altisource Asset Management Corp (AAMC) announced the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer. Additionally, the board has elected to cancel the previously reported 2 for 1 common stock split and instead is proceeding with a 70% stock dividend. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Altisource Asset Management Corp (AAMC) announced the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer. The company said that Rodick succeeds previous CFO Stephen Krallman, who is resigning from his role effective September 14, 2023. Additionally, the board has elected to cancel the previously reported 2 for 1 common stock split and instead is proceeding with a 70% stock dividend.
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8757.0
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2023-09-01 00:00:00 UTC
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Pre-market Movers: EOSE, ADTX, ICCT, NTNX, ESTC…
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AAMC
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https://www.nasdaq.com/articles/pre-market-movers%3A-eose-adtx-icct-ntnx-estc...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.55 A.M. ET).
In the Green
Eos Energy Enterprises, Inc. (EOSE) is up over 53% at $5.00. Nutanix, Inc. (NTNX) is up over 19% at $37.24. Elastic N.V. (ESTC) is up over 15% at $71.64. Kewaunee Scientific Corporation (KEQU) is up over 13% at $17.59. LiveWire Group, Inc. (LVWR) is up over 13% at $12.65. Cheetah Net Supply Chain Service Inc. (CTNT) is up over 11% at $2.36. Altisource Asset Management Corporation (AAMC) is up over 10% at $9.30. electroCore, Inc. (ECOR) is up over 10% at $6.05. Dell Technologies Inc. (DELL) is up over 9% at $61.85. KE Holdings Inc. (BEKE) is up over 6% at $18.40.
In the Red
Aditxt, Inc. (ADTX) is down over 51% at $26.60. iCoreConnect Inc. (ICCT) is down over 20% at $9.45. Biodexa Pharmaceuticals Plc (BDRX) is down over 13% at $6.91. Flora Growth Corp. (FLGC) is down over 12% at $3.36. PagerDuty, Inc. (PD) is down over 11% at $22.74. Entergy Mississippi, Inc. (EMP) is down over 10% at $20.00. SeqLL Inc. (SQL) is down over 8% at $20.39. First Light Acquisition Group, Inc. (FLAG) is down over 8% at $8.36. Mobile Infrastructure Corporation (BEEP) is down over 8% at $6.70. MoonLake Immunotherapeutics (MLTX) is down over 5% at $54.39.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management Corporation (AAMC) is up over 10% at $9.30. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.55 A.M. In the Green Eos Energy Enterprises, Inc. (EOSE) is up over 53% at $5.00.
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Altisource Asset Management Corporation (AAMC) is up over 10% at $9.30. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.55 A.M. Dell Technologies Inc. (DELL) is up over 9% at $61.85.
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Altisource Asset Management Corporation (AAMC) is up over 10% at $9.30. First Light Acquisition Group, Inc. (FLAG) is down over 8% at $8.36. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management Corporation (AAMC) is up over 10% at $9.30. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.55 A.M. In the Green Eos Energy Enterprises, Inc. (EOSE) is up over 53% at $5.00.
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8758.0
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2023-08-30 00:00:00 UTC
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Altisource Asset Management CEO Jason Kopcak Steps Down
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AAMC
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https://www.nasdaq.com/articles/altisource-asset-management-ceo-jason-kopcak-steps-down
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nan
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nan
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(RTTNews) - Altisource Asset Management Corp. (AAMC), a financial services provider, said on Wednesday that its Chief Executive Officer, Jason Kopcak, has stepped down.
Subsequently, the company has appointed, Danya Sawyer, as interim CEO. Currently, Sawyer is serving as Chief Operating Officer of Alternative Lending Group, AAMC's principal operating unit.
In addition, the company noted that it has made a significant progress in the previously announced plans to reduce costs and streamline operations.
Ricardo Byrd, Chairman of the Board, said: "Our restructuring and cost reduction efforts are well underway. These are pivotal steps forward which we believe will facilitate a sustainable mortgage operation."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Altisource Asset Management Corp. (AAMC), a financial services provider, said on Wednesday that its Chief Executive Officer, Jason Kopcak, has stepped down. Currently, Sawyer is serving as Chief Operating Officer of Alternative Lending Group, AAMC's principal operating unit. In addition, the company noted that it has made a significant progress in the previously announced plans to reduce costs and streamline operations.
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(RTTNews) - Altisource Asset Management Corp. (AAMC), a financial services provider, said on Wednesday that its Chief Executive Officer, Jason Kopcak, has stepped down. Currently, Sawyer is serving as Chief Operating Officer of Alternative Lending Group, AAMC's principal operating unit. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Altisource Asset Management Corp. (AAMC), a financial services provider, said on Wednesday that its Chief Executive Officer, Jason Kopcak, has stepped down. Currently, Sawyer is serving as Chief Operating Officer of Alternative Lending Group, AAMC's principal operating unit. In addition, the company noted that it has made a significant progress in the previously announced plans to reduce costs and streamline operations.
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(RTTNews) - Altisource Asset Management Corp. (AAMC), a financial services provider, said on Wednesday that its Chief Executive Officer, Jason Kopcak, has stepped down. Currently, Sawyer is serving as Chief Operating Officer of Alternative Lending Group, AAMC's principal operating unit. Subsequently, the company has appointed, Danya Sawyer, as interim CEO.
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8759.0
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2023-06-14 00:00:00 UTC
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Financial Sector Update for 06/14/2023: AAMC, DFS, PGR, XLF, FAS, FAZ
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-for-06-14-2023%3A-aamc-dfs-pgr-xlf-fas-faz
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nan
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nan
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Financial stocks were gaining pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was recently advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was almost 1% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.96%.
Altisource Asset Management (AAMC) was climbing past 6% after saying the Supreme Court of the State of New York, Appellate Division, First Judicial Department ruled in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group.
Discover Financial Services (DFS) said the credit card delinquency rate as of May 31 was 2.77%, up from 2.75% in April and from 1.71% a year earlier. Discover shares were slightly declining recently.
Progressive (PGR) reported that net premiums written rose 16% in May to $4.32 billion from $3.72 billion a year earlier. Progressive was 2% lower recently.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altisource Asset Management (AAMC) was climbing past 6% after saying the Supreme Court of the State of New York, Appellate Division, First Judicial Department ruled in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group. The Direxion Daily Financial Bull 3X Shares (FAS) was almost 1% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.96%. Discover Financial Services (DFS) said the credit card delinquency rate as of May 31 was 2.77%, up from 2.75% in April and from 1.71% a year earlier.
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Altisource Asset Management (AAMC) was climbing past 6% after saying the Supreme Court of the State of New York, Appellate Division, First Judicial Department ruled in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group. The Direxion Daily Financial Bull 3X Shares (FAS) was almost 1% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.96%. Discover Financial Services (DFS) said the credit card delinquency rate as of May 31 was 2.77%, up from 2.75% in April and from 1.71% a year earlier.
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Altisource Asset Management (AAMC) was climbing past 6% after saying the Supreme Court of the State of New York, Appellate Division, First Judicial Department ruled in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group. Financial stocks were gaining pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was recently advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was almost 1% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.96%.
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Altisource Asset Management (AAMC) was climbing past 6% after saying the Supreme Court of the State of New York, Appellate Division, First Judicial Department ruled in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group. Financial stocks were gaining pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was recently advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was almost 1% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.96%.
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8760.0
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2023-02-28 00:00:00 UTC
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7 Smart Stock Picks for Cautious Investors
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AAMC
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https://www.nasdaq.com/articles/7-smart-stock-picks-for-cautious-investors
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the latest on inflation and interest rates suggesting more challenges ahead for the economy and the markets, there’s renewed appeal for defensive plays. However, those are not the only stocks for cautious investors to consider.
That is to say, when it comes to “playing it safe” during times of market volatility, there’s no need to limit oneself to these safe harbors only. There are scores of stocks, plenty of which are more up-and-coming growth plays than established blued chips, that can offer stability, plus the opportunity for appreciation, during the current environment.
Namely, stocks in companies with high exposure to secular trends, and/or have strong company-specific catalysts in play. These stocks have the potential to make substantial moves higher, irrespective of the overall market’s direction.
So, what are the best stocks for cautious investors today? Take a look at these seven. Each one earns an A rating in Portfolio Grader.
AAC Ares Acquisition $10.22
AAMC Altisource Asset Management $53.91
ARDX Ardelyx $2.88
CPRX Catalyst Pharmaceuticals $15.28
ENPH Enphase Energy $211.41
PDD PDD Holdings $86.06
RIG Transocean $6.83
Ares Acquisition (AAC)
Source: Dmitry Demidovich/ShutterStock.com
As you can probably tell from its corporate name, Ares Acquisition (NYSE:AAC) is a special purpose acquisition company. Although SPACs have fallen out of favor over the past two years, this one is one worthy of consideration.
It all has to do with this SPAC’s acquisition target: X Energy Reactor Company. As I discussed back in January, X Energy develops small modular reactors or SMRs. Demand for these smaller, safer, and less expensive nuclear power generation facilities is poised to rise significantly in the coming years, as the world re-embraces nuclear power, due to its qualities as a scalable renewable energy source.
With its SPAC merger still pending, AAC stock will likely continue to hold steady, at prices not too far off its initial offering price of $10 per share. Now may be an opportune time to enter a position in this A-rated stock.
Altisource Asset Management (AAMC)
Source: microstock3D / Shutterstock
Altisource Asset Management (NYSE:AAMC) has is in the past been involved in various areas of financial services.
More recently, the company has focused on becoming primarily a provider of specialty mortgage loans, such as debt service coverage ratio (or DSCR) and bridge loans, to real estate investors.
While this change in direction is still in the early stages, it has already been a boon for AAMC stock. Shares have more than doubled since January alone. Shares are up a total of 131.3% over the past twelve months.
Yet despite such a strong run, it’s not as if the market has fully priced in the upside from Altisource’s business transformation. As one online commentator argued back in November, once up and running, Altisource’s new business could eventually generate annual earnings of $10 per share. Not too shabby, given this A-rated stock trades for only $41.50 per share today.
Ardelyx (ARDX)
Source: Sisacorn / Shutterstock.com
Like Altisource, Ardelyx (NASDAQ:ARDX) is another stock that has performed very well during a time that has been tough for stocks overall. Shares in this pharma firm are up more than fourfold over the past year, as investors wager on a label expansion for its tanapanor treatment.
Investors are not wrong for their high enthusiasm for ARDX stock. The company has made substantial progress towards getting approval to sell tanapanor, for now, a treatment for irritable bowel syndrome, as a treatment for kidney disease. According to analysts at Piper Sandler, achieving this could result in $800 million in potential sales within five years.
Shares are likely to hold up, as its label expansion efforts continue. There is a strong chance that the company’s key potential catalyst plays out. Taking this into account. consider A-rated ARDX one of the best stocks for cautious investors.
Catalyst Pharmaceuticals (CPRX)
Source: Hernan E. Schmidt / Shutterstock.com
Catalyst Pharmaceuticals (NASDAQ:CPRX) is another biotech that has performed strongly over the past twelve months. During this timeframe, shares have nearly doubled in price.
However, while pulling back sharply last month, after Teva Pharmaceutical (NYSE:TEVA) announced plans to launch a generic version of this company’s key drug, Firdapse, cautious investors seeking growth should keep an eye on CPRX stock. Why? Living up to its name, Catalyst Pharmaceuticals has numerous catalysts on tap.
These include a possible label expansion of Firdapse (a treatment for a rare autoimmune disorder), as well as its purchase of the U.S. rights to Fycompa, an epilepsy treatment developed by Japan-based Eisai (OTCMKTS:ESAIY). There is much overlap between Fycompa and Firdapse.
Expected revenue synergies could make this acquisition accretive as soon as this year. With these two catalysts, this stock may continue to crush it. CPRX earns an A rating in Portfolio Grader.
Enphase Energy (ENPH)
Source: IgorGolovniov / Shutterstock.com
Given how Enphase Energy (NASDAQ:ENPH) shares have pulled back in recent months, I can understand why you may be skeptical about ENPH’s merits as one of the best stocks for cautious investors.
But while the market has exercised some caution, and is currently taking a “wait and see approach” with ENPH stock, if you’ve yet to enter a position in this solar energy play, this factor works to your advantage. At current prices, shares have a substantial runway.
Once the market realizes that its slowdown fears are an overreaction, this A-rated stock could make a stunning comeback.
PDD Holdings (PDD)
Source: madamF / Shutterstock.com
PDD Holdings (NASDAQ:PDD) is the corporate parent of Pinduoduo. Sentiment for shares in the China-based e-commerce company has improved significantly since mid-2022, a result of the easing of numerous macro headwinds, including the U.S. crackdown on Chinese stocks, as well as China’s Covid lockdowns.
Since the start of the year, PDD stock has traded sideways. News of rival JD.com (NASDAQ:JD) launching a price war against the company’s main platform is putting pressure on shares at present. However, there’s still plenty in play that could not only keep the stock steady but push it to higher prices between now and year’s end.
For instance, success with the company’s efforts to crack the U.S. market, with its Temu platform, could help outweigh headwinds in its home market, allowing it to report growth ahead of expectations. This stock currently earns an A rating in Portfolio Grader.
Transocean (RIG)
Source: Postmodern Studio / Shutterstock
Transocean (NYSE:RIG) is one of the top names in the offshore contract drilling space. Admittedly, this is another name that at first glance may not sound like one of the best stocks for cautious investors.
Namely, because of the recent RIG stock selloff, which came about due to the company’s latest quarterly earnings release. Falling short of expectations on both revenue and earnings, investors are now more skeptical about RIG’s results over the next few quarters. However, there is much to suggest that this skepticism is an overreaction.
The oil driller’s comeback is only the early stages. As management stated in the earnings release, Transocean last year increased its contract backlog by $4 billion, not to mention upgraded its fleet. Even after the latest disappointment, sell-side forecasts still call for dramatic improvement in this A-rated energy stock’s operating performance over the next few years.
On the date of publication, Louis Navellier had a long position in CPRX and ENPH. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post 7 Smart Stock Picks for Cautious Investors appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAC Ares Acquisition $10.22 AAMC Altisource Asset Management $53.91 ARDX Ardelyx $2.88 CPRX Catalyst Pharmaceuticals $15.28 ENPH Enphase Energy $211.41 PDD PDD Holdings $86.06 RIG Transocean $6.83 Ares Acquisition (AAC) Source: Dmitry Demidovich/ShutterStock.com As you can probably tell from its corporate name, Ares Acquisition (NYSE:AAC) is a special purpose acquisition company. Altisource Asset Management (AAMC) Source: microstock3D / Shutterstock Altisource Asset Management (NYSE:AAMC) has is in the past been involved in various areas of financial services. While this change in direction is still in the early stages, it has already been a boon for AAMC stock.
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AAC Ares Acquisition $10.22 AAMC Altisource Asset Management $53.91 ARDX Ardelyx $2.88 CPRX Catalyst Pharmaceuticals $15.28 ENPH Enphase Energy $211.41 PDD PDD Holdings $86.06 RIG Transocean $6.83 Ares Acquisition (AAC) Source: Dmitry Demidovich/ShutterStock.com As you can probably tell from its corporate name, Ares Acquisition (NYSE:AAC) is a special purpose acquisition company. Altisource Asset Management (AAMC) Source: microstock3D / Shutterstock Altisource Asset Management (NYSE:AAMC) has is in the past been involved in various areas of financial services. While this change in direction is still in the early stages, it has already been a boon for AAMC stock.
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AAC Ares Acquisition $10.22 AAMC Altisource Asset Management $53.91 ARDX Ardelyx $2.88 CPRX Catalyst Pharmaceuticals $15.28 ENPH Enphase Energy $211.41 PDD PDD Holdings $86.06 RIG Transocean $6.83 Ares Acquisition (AAC) Source: Dmitry Demidovich/ShutterStock.com As you can probably tell from its corporate name, Ares Acquisition (NYSE:AAC) is a special purpose acquisition company. Altisource Asset Management (AAMC) Source: microstock3D / Shutterstock Altisource Asset Management (NYSE:AAMC) has is in the past been involved in various areas of financial services. While this change in direction is still in the early stages, it has already been a boon for AAMC stock.
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AAC Ares Acquisition $10.22 AAMC Altisource Asset Management $53.91 ARDX Ardelyx $2.88 CPRX Catalyst Pharmaceuticals $15.28 ENPH Enphase Energy $211.41 PDD PDD Holdings $86.06 RIG Transocean $6.83 Ares Acquisition (AAC) Source: Dmitry Demidovich/ShutterStock.com As you can probably tell from its corporate name, Ares Acquisition (NYSE:AAC) is a special purpose acquisition company. Altisource Asset Management (AAMC) Source: microstock3D / Shutterstock Altisource Asset Management (NYSE:AAMC) has is in the past been involved in various areas of financial services. While this change in direction is still in the early stages, it has already been a boon for AAMC stock.
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8761.0
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2023-02-06 00:00:00 UTC
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Monday Sector Laggards: Education & Training Services, Real Estate Stocks
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AAMC
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https://www.nasdaq.com/articles/monday-sector-laggards%3A-education-training-services-real-estate-stocks
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nan
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nan
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In trading on Monday, education & training services shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of 2U, down about 11.4% and shares of Gaotu Techedu off about 9.7% on the day.
Also lagging the market Monday are real estate shares, down on the day by about 2.8% as a group, led down by Altisource Asset Management, trading lower by about 19.7% and Opendoor Technologies, trading lower by about 7.1%.
VIDEO: Monday Sector Laggards: Education & Training Services, Real Estate Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, education & training services shares were relative laggards, down on the day by about 3.4%. Also lagging the market Monday are real estate shares, down on the day by about 2.8% as a group, led down by Altisource Asset Management, trading lower by about 19.7% and Opendoor Technologies, trading lower by about 7.1%. VIDEO: Monday Sector Laggards: Education & Training Services, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, education & training services shares were relative laggards, down on the day by about 3.4%. Also lagging the market Monday are real estate shares, down on the day by about 2.8% as a group, led down by Altisource Asset Management, trading lower by about 19.7% and Opendoor Technologies, trading lower by about 7.1%. VIDEO: Monday Sector Laggards: Education & Training Services, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, education & training services shares were relative laggards, down on the day by about 3.4%. Also lagging the market Monday are real estate shares, down on the day by about 2.8% as a group, led down by Altisource Asset Management, trading lower by about 19.7% and Opendoor Technologies, trading lower by about 7.1%. VIDEO: Monday Sector Laggards: Education & Training Services, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, education & training services shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of 2U, down about 11.4% and shares of Gaotu Techedu off about 9.7% on the day. Also lagging the market Monday are real estate shares, down on the day by about 2.8% as a group, led down by Altisource Asset Management, trading lower by about 19.7% and Opendoor Technologies, trading lower by about 7.1%.
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8762.0
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2023-01-27 00:00:00 UTC
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Friday Sector Leaders: Trucking, Real Estate Stocks
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AAMC
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https://www.nasdaq.com/articles/friday-sector-leaders%3A-trucking-real-estate-stocks
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nan
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nan
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In trading on Friday, trucking shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of Covenant Logistics Group, up about 7.3% and shares of Saia up about 4% on the day.
Also showing relative strength are real estate shares, up on the day by about 1.3% as a group, led by Redfin, trading up by about 9.8% and Altisource Asset Management, trading higher by about 8.9% on Friday.
VIDEO: Friday Sector Leaders: Trucking, Real Estate Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, trucking shares were relative leaders, up on the day by about 1.8%. Also showing relative strength are real estate shares, up on the day by about 1.3% as a group, led by Redfin, trading up by about 9.8% and Altisource Asset Management, trading higher by about 8.9% on Friday. VIDEO: Friday Sector Leaders: Trucking, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, trucking shares were relative leaders, up on the day by about 1.8%. Also showing relative strength are real estate shares, up on the day by about 1.3% as a group, led by Redfin, trading up by about 9.8% and Altisource Asset Management, trading higher by about 8.9% on Friday. VIDEO: Friday Sector Leaders: Trucking, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Covenant Logistics Group, up about 7.3% and shares of Saia up about 4% on the day. Also showing relative strength are real estate shares, up on the day by about 1.3% as a group, led by Redfin, trading up by about 9.8% and Altisource Asset Management, trading higher by about 8.9% on Friday. VIDEO: Friday Sector Leaders: Trucking, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, trucking shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of Covenant Logistics Group, up about 7.3% and shares of Saia up about 4% on the day. Also showing relative strength are real estate shares, up on the day by about 1.3% as a group, led by Redfin, trading up by about 9.8% and Altisource Asset Management, trading higher by about 8.9% on Friday.
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8763.0
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2020-09-09 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Netflix Inc, Trillium Therapeutics, Moleculin Biotech
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AAMC
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-netflix-inc-trillium-therapeutics-moleculin-biotech-2020-09
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. .N
At 9:30 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.94% at 27,758.31. The S&P 500 .SPX was up 1.28% at 3,374.38 and the Nasdaq Composite .IXIC was up 1.70% at 11,032.004. The top three S&P 500 .PG.INX percentage gainers: ** Qorvo Inc , up 8.1% ** Nvidia Corp , up 4.4% ** Corning Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** Tiffany & Co , down 10.2% ** Royal Caribbean Cruises Ltd , down 3.7% ** Carnival Corp , down 3.7% The top three NYSE .PG.N percentage gainers: ** Ibio Inc , up 17.4% ** Altisorc Asset Management Corp , up 10.3% ** Sunnova Energy International Inc , up 8.6% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 17.4% ** Slack Technologies Inc , down 14.7% ** Tiffany & Co , down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Intra-cellular Therapies Inc , up 61.4% ** Trillium Therapeutics Inc , up 42.1% ** Urban Tea Inc , up 34.9% The top three Nasdaq .PL.O percentage losers: ** Mastercraft Boat Holdings Inc , down 13.2% ** Bonso Electronics Internaional Inc , down 12.4% ** Kaspien Holdings Inc , down 11.5% ** General Motors Co GM.N: down 0.1% ** Nikola Corp NKLA.O: down 4.6%
BUZZ-Street View: GM-Nikola all charged up in latest deal ** Moderna Inc MRNA.O: up 2.8% ** Vaxart Inc VXRT.O: up 6.2%
BUZZ-Rivals rise as AstraZeneca pauses COVID-19 vaccine trials ** Tiffany & Co TIF.N: down 10.2%
BUZZ-Slides as LVMH casts doubts on takeover ** Watford Holdings Ltd WTRE.O: up 24.8%
BUZZ-Jumps on Reuters report of buyout offer from Arch Capital ** Inovio Pharmaceuticals Inc INO.O: up 10.3%
BUZZ-Success or failure of COVID-19 vaccine to impact its future ** Pfizer Inc PFE.N: up 1.1%
BUZZ-Rises after EU talks for doses of COVID-19 vaccine candidate ** Virgin Galactic Holdings Inc SPCE.N: up 5.6%
BUZZ-Gets another "buy" rating, shares rise ** Amazon.com Inc AMZN.O: up 1.8%
BUZZ-Jefferies hikes ad business valuation on potential jump in consumer goods spending ** Slack Technologies Inc WORK.N: down 17.1%
BUZZ-Falls as brokerages cut PT after Q2 billings disappoint ** Intra-Cellular Therapies ITCI.O: up 61.4%
BUZZ-Soars on positive bipolar disorder therapy study results ** Trillium Therapeutics Inc TRIL.O: up 42.1%
BUZZ-Surges on $25 mln equity investment from Pfizer ** Moleculin Biotech Inc MBRX.O: up 5.2%
BUZZ-Rises as FDA positive about cancer therapy study ** Netflix Inc NFLX.O: up 0.4%
BUZZ-Raymond James remains positive, resumes with 'market perform'
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.62%
Consumer Discretionary
.SPLRCD
up 1.02%
Consumer Staples
.SPLRCS
up 1.24%
Energy
.SPNY
up 0.78%
Financial
.SPSY
up 0.44%
Health
.SPXHC
up 1.14%
Industrial
.SPLRCI
up 0.96%
Information Technology
.SPLRCT
up 2.07%
Materials
.SPLRCM
up 1.79%
Real Estate
.SPLRCR
up 1.52%
Utilities
.SPLRCU
up 1.61%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. The top three S&P 500 .PG.INX percentage gainers: ** Qorvo Inc , up 8.1% ** Nvidia Corp , up 4.4% ** Corning Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** Tiffany & Co , down 10.2% ** Royal Caribbean Cruises Ltd , down 3.7% ** Carnival Corp , down 3.7% The top three NYSE .PG.N percentage gainers: ** Ibio Inc , up 17.4% ** Altisorc Asset Management Corp , up 10.3% ** Sunnova Energy International Inc , up 8.6% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 17.4% ** Slack Technologies Inc , down 14.7% ** Tiffany & Co , down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Intra-cellular Therapies Inc , up 61.4% ** Trillium Therapeutics Inc , up 42.1% ** Urban Tea Inc , up 34.9% The top three Nasdaq .PL.O percentage losers: ** Mastercraft Boat Holdings Inc , down 13.2% ** Bonso Electronics Internaional Inc , down 12.4% ** Kaspien Holdings Inc , down 11.5% ** General Motors Co GM.N: down 0.1% ** Nikola Corp NKLA.O: down 4.6% BUZZ-Street View: GM-Nikola all charged up in latest deal ** Moderna Inc MRNA.O: up 2.8% ** Vaxart Inc VXRT.O: up 6.2% BUZZ-Rivals rise as AstraZeneca pauses COVID-19 vaccine trials ** Tiffany & Co TIF.N: down 10.2% BUZZ-Slides as LVMH casts doubts on takeover ** Watford Holdings Ltd WTRE.O: up 24.8% BUZZ-Jumps on Reuters report of buyout offer from Arch Capital ** Inovio Pharmaceuticals Inc INO.O: up 10.3% BUZZ-Success or failure of COVID-19 vaccine to impact its future ** Pfizer Inc PFE.N: up 1.1% BUZZ-Rises after EU talks for doses of COVID-19 vaccine candidate ** Virgin Galactic Holdings Inc SPCE.N: up 5.6% BUZZ-Gets another "buy" rating, shares rise ** Amazon.com Inc AMZN.O: up 1.8% BUZZ-Jefferies hikes ad business valuation on potential jump in consumer goods spending ** Slack Technologies Inc WORK.N: down 17.1% BUZZ-Falls as brokerages cut PT after Q2 billings disappoint ** Intra-Cellular Therapies ITCI.O: up 61.4% BUZZ-Soars on positive bipolar disorder therapy study results ** Trillium Therapeutics Inc TRIL.O: up 42.1% BUZZ-Surges on $25 mln equity investment from Pfizer ** Moleculin Biotech Inc MBRX.O: up 5.2% BUZZ-Rises as FDA positive about cancer therapy study ** Netflix Inc NFLX.O: up 0.4% BUZZ-Raymond James remains positive, resumes with 'market perform' The 11 major S&P 500 sectors: Communication Services up 1.61% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. The top three S&P 500 .PG.INX percentage gainers: ** Qorvo Inc , up 8.1% ** Nvidia Corp , up 4.4% ** Corning Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** Tiffany & Co , down 10.2% ** Royal Caribbean Cruises Ltd , down 3.7% ** Carnival Corp , down 3.7% The top three NYSE .PG.N percentage gainers: ** Ibio Inc , up 17.4% ** Altisorc Asset Management Corp , up 10.3% ** Sunnova Energy International Inc , up 8.6% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 17.4% ** Slack Technologies Inc , down 14.7% ** Tiffany & Co , down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Intra-cellular Therapies Inc , up 61.4% ** Trillium Therapeutics Inc , up 42.1% ** Urban Tea Inc , up 34.9% The top three Nasdaq .PL.O percentage losers: ** Mastercraft Boat Holdings Inc , down 13.2% ** Bonso Electronics Internaional Inc , down 12.4% ** Kaspien Holdings Inc , down 11.5% ** General Motors Co GM.N: down 0.1% ** Nikola Corp NKLA.O: down 4.6% BUZZ-Street View: GM-Nikola all charged up in latest deal ** Moderna Inc MRNA.O: up 2.8% ** Vaxart Inc VXRT.O: up 6.2% BUZZ-Rivals rise as AstraZeneca pauses COVID-19 vaccine trials ** Tiffany & Co TIF.N: down 10.2% BUZZ-Slides as LVMH casts doubts on takeover ** Watford Holdings Ltd WTRE.O: up 24.8% BUZZ-Jumps on Reuters report of buyout offer from Arch Capital ** Inovio Pharmaceuticals Inc INO.O: up 10.3% BUZZ-Success or failure of COVID-19 vaccine to impact its future ** Pfizer Inc PFE.N: up 1.1% BUZZ-Rises after EU talks for doses of COVID-19 vaccine candidate ** Virgin Galactic Holdings Inc SPCE.N: up 5.6% BUZZ-Gets another "buy" rating, shares rise ** Amazon.com Inc AMZN.O: up 1.8% BUZZ-Jefferies hikes ad business valuation on potential jump in consumer goods spending ** Slack Technologies Inc WORK.N: down 17.1% BUZZ-Falls as brokerages cut PT after Q2 billings disappoint ** Intra-Cellular Therapies ITCI.O: up 61.4% BUZZ-Soars on positive bipolar disorder therapy study results ** Trillium Therapeutics Inc TRIL.O: up 42.1% BUZZ-Surges on $25 mln equity investment from Pfizer ** Moleculin Biotech Inc MBRX.O: up 5.2% BUZZ-Rises as FDA positive about cancer therapy study ** Netflix Inc NFLX.O: up 0.4% BUZZ-Raymond James remains positive, resumes with 'market perform' The 11 major S&P 500 sectors: Communication Services up 1.61% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ET, the Dow Jones Industrial Average .DJI was up 0.94% at 27,758.31. The top three S&P 500 .PG.INX percentage gainers: ** Qorvo Inc , up 8.1% ** Nvidia Corp , up 4.4% ** Corning Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** Tiffany & Co , down 10.2% ** Royal Caribbean Cruises Ltd , down 3.7% ** Carnival Corp , down 3.7% The top three NYSE .PG.N percentage gainers: ** Ibio Inc , up 17.4% ** Altisorc Asset Management Corp , up 10.3% ** Sunnova Energy International Inc , up 8.6% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 17.4% ** Slack Technologies Inc , down 14.7% ** Tiffany & Co , down 10.2% The top three Nasdaq .PG.O percentage gainers: ** Intra-cellular Therapies Inc , up 61.4% ** Trillium Therapeutics Inc , up 42.1% ** Urban Tea Inc , up 34.9% The top three Nasdaq .PL.O percentage losers: ** Mastercraft Boat Holdings Inc , down 13.2% ** Bonso Electronics Internaional Inc , down 12.4% ** Kaspien Holdings Inc , down 11.5% ** General Motors Co GM.N: down 0.1% ** Nikola Corp NKLA.O: down 4.6% BUZZ-Street View: GM-Nikola all charged up in latest deal ** Moderna Inc MRNA.O: up 2.8% ** Vaxart Inc VXRT.O: up 6.2% BUZZ-Rivals rise as AstraZeneca pauses COVID-19 vaccine trials ** Tiffany & Co TIF.N: down 10.2% BUZZ-Slides as LVMH casts doubts on takeover ** Watford Holdings Ltd WTRE.O: up 24.8% BUZZ-Jumps on Reuters report of buyout offer from Arch Capital ** Inovio Pharmaceuticals Inc INO.O: up 10.3% BUZZ-Success or failure of COVID-19 vaccine to impact its future ** Pfizer Inc PFE.N: up 1.1% BUZZ-Rises after EU talks for doses of COVID-19 vaccine candidate ** Virgin Galactic Holdings Inc SPCE.N: up 5.6% BUZZ-Gets another "buy" rating, shares rise ** Amazon.com Inc AMZN.O: up 1.8% BUZZ-Jefferies hikes ad business valuation on potential jump in consumer goods spending ** Slack Technologies Inc WORK.N: down 17.1% BUZZ-Falls as brokerages cut PT after Q2 billings disappoint ** Intra-Cellular Therapies ITCI.O: up 61.4% BUZZ-Soars on positive bipolar disorder therapy study results ** Trillium Therapeutics Inc TRIL.O: up 42.1% BUZZ-Surges on $25 mln equity investment from Pfizer ** Moleculin Biotech Inc MBRX.O: up 5.2% BUZZ-Rises as FDA positive about cancer therapy study ** Netflix Inc NFLX.O: up 0.4% BUZZ-Raymond James remains positive, resumes with 'market perform' The 11 major S&P 500 sectors: Communication Services up 1.79% Real Estate
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. ET, the Dow Jones Industrial Average .DJI was up 0.94% at 27,758.31. The S&P 500 .SPX was up 1.28% at 3,374.38 and the Nasdaq Composite .IXIC was up 1.70% at 11,032.004.
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8764.0
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2020-08-23 00:00:00 UTC
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Is Front Yard Residential a Buy?
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AAMC
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https://www.nasdaq.com/articles/is-front-yard-residential-a-buy-2020-08-23
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nan
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nan
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Tough economic times generally spell trouble for merger activity, especially in the financial sector. For instance, we saw the merger between Simon Property Group and Taubman Centers run aground in June as a result of the COVID-19 crisis.
Front Yard Residential's (NYSE: RESI) potential acquisition by Amherst Residential LLC was another merger that fell apart as the COVID-19 crisis unfolded in the spring. Credit markets had somewhat seized up, financing became hard to get, and uncertainty about the state of the economy was the final nail in the merger's coffin.
Front Yard is now making its way as an independent single-family residential real estate investment trust (REIT). Is it safe to buy stock in the company yet?
Another REIT merger falls apart
In February, after a long sales process, Front Yard Residential announced a deal where the company would be sold to Amherst for $12.50 per share. The COVID-19 crisis hit soon thereafter, and the deal was terminated in May. Amherst agreed to pay Front Yard a cash termination fee of $25 million, to purchase 4.4 million shares at $12.50 per share, and to extend a $20 million loan.
Image source: Getty Images.
The fundamentals of single-family rentals are strong
Front Yard operates in one of the more attractive spaces in the REIT sector right now: single-family rentals. The COVID-19 crisis has accelerated the move of a growing segment of the population from dense urban cities out to the suburbs, and single-family residences are much more attractive than they had been. With more families in apartments now finding themselves working from home, the extra space in a single-family residence has become a huge selling point. Demand for suburban property is high, and Front Yard is in the middle of this trend.
A serial underperformer
That said, Front Yard has been a serial underperformer. Below is a three-year relative performance chart of Front Yard versus single-family REITs American Homes 4 Rent (NYSE: AMH) and Invitation Homes (NYSE: INVH). Over the past three years, stock prices for American Homes 4 Rent and Invitation are up 24% and 23% respectively, while Front Yard stock is down 21%.
RESI data by YCharts
Front Yard's board of directors agreed to pursue strategic alternatives in 2019, which is something struggling companies typically do. The company looked for a buyer, examined terminating its management relationship with Altisource Asset Management (NYSEMKT: AAMC), and looked for other ways to increase shareholder value. That process ended with the merger with Amherst. Recently, Front Yard terminated its asset management agreement with Altisource, which will require Front Yard to pay a termination fee of $46 million.
Fundamentals are headed in the right direction
In the second quarter, Front Yard reported rental revenue of $55 million. Revenue rose 1.5% from the first quarter and 6.9% from a year ago. Core funds from operations (FFO) were $10 million, or $0.18 per share. This was up $0.06 from the first quarter of 2020 and $0.13 from a year ago. Funds from operations are a better approximation of a REIT's cash flows than earnings per share. This is because depreciation (a non-cash charge) is a significant expense. Average monthly rent per property was $1,326, and the average change in rent charged was 4.1%. The second quarter was a record for the company, so it is heading in the right direction.
The next year will be stressful
That said, Front Yard has a lot of uncertainty dealing with life after the Altisource agreement and the longer-term trends in unemployment. Given Front Yard's price point, stimulus checks really matter to its tenants. The company suspended late fees (as did most residential REITs) as the crisis unfolded, which depressed revenue. The dividend is suspended and the company has $128 million in debt coming due in the next 12 months, along with the $46 million it owes Altisource. The company holds $109 million in cash. Given all the uncertainty about the company going forward, investors interested in the single-family REIT space should perhaps consider American Homes 4 Rent or Invitation Homes instead.
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Brent Nyitray, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company looked for a buyer, examined terminating its management relationship with Altisource Asset Management (NYSEMKT: AAMC), and looked for other ways to increase shareholder value. Another REIT merger falls apart In February, after a long sales process, Front Yard Residential announced a deal where the company would be sold to Amherst for $12.50 per share. The COVID-19 crisis has accelerated the move of a growing segment of the population from dense urban cities out to the suburbs, and single-family residences are much more attractive than they had been.
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The company looked for a buyer, examined terminating its management relationship with Altisource Asset Management (NYSEMKT: AAMC), and looked for other ways to increase shareholder value. Amherst agreed to pay Front Yard a cash termination fee of $25 million, to purchase 4.4 million shares at $12.50 per share, and to extend a $20 million loan. Below is a three-year relative performance chart of Front Yard versus single-family REITs American Homes 4 Rent (NYSE: AMH) and Invitation Homes (NYSE: INVH).
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The company looked for a buyer, examined terminating its management relationship with Altisource Asset Management (NYSEMKT: AAMC), and looked for other ways to increase shareholder value. Amherst agreed to pay Front Yard a cash termination fee of $25 million, to purchase 4.4 million shares at $12.50 per share, and to extend a $20 million loan. Over the past three years, stock prices for American Homes 4 Rent and Invitation are up 24% and 23% respectively, while Front Yard stock is down 21%.
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The company looked for a buyer, examined terminating its management relationship with Altisource Asset Management (NYSEMKT: AAMC), and looked for other ways to increase shareholder value. The fundamentals of single-family rentals are strong Front Yard operates in one of the more attractive spaces in the REIT sector right now: single-family rentals. Over the past three years, stock prices for American Homes 4 Rent and Invitation are up 24% and 23% respectively, while Front Yard stock is down 21%.
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8765.0
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2020-04-29 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Capricor Therapeutics, Liberty Oilfield, Blue Apron
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AAMC
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-capricor-therapeutics-liberty-oilfield-blue-apron-2020-04-29
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. .N
At 12:36 ET, the Dow Jones Industrial Average .DJI was up 2.41% at 24,682.31. The S&P 500 .SPX was up 2.65% at 2,939.15 and the Nasdaq Composite .IXIC was up 3.45% at 8,904.909. The top three S&P 500 .PG.INX percentage gainers: ** Norwegian Cruise Line Holdings Ltd , up 19.8% ** Alliance Data Systems Corp , up 15.3% ** Discover Financial Services , up 14.4% The top three S&P 500 .PL.INX percentage losers: ** Akamai Technologies Inc , down 5.3% ** C.H. Robinson Worldwide Inc , down 4.7% ** Coty Inc , down 4.2% The top three NYSE .PG.N percentage gainers: ** SM Energy Co , up 40.2% ** Liberty Oilfield Services Inc , up 31.2% ** MRC Global Inc , up 29.9% The top three NYSE .PL.N percentage losers: ** Altisource Asset Management Corp , down 36.1% ** Franklin FTSE South Africa ETF , down 33.1% ** Empire State Realty OP , down 28.9% The top three Nasdaq .PG.O percentage gainers: ** Capricor Therapeutics Inc , up 241.2% ** BiondVax Pharmaceuticals Equity Warrants , up 61.1% ** Chimerix Inc , up 45% The top three Nasdaq .PL.O percentage losers: ** Creative Realities Inc , down 27.5% ** Martin Midstream Partners L.P , down 15.7% ** Fangdd Network Group Ltd , down 14.9% ** Chimerix Inc CMRX.O: up 45.0%
BUZZ-Chimerix Inc: Surges on launch of COVID-19 treatment study ** Brinker International Inc EAT.N: up 28.3%
BUZZ-Brinker International, Dine Brands surge on encouraging results ** Catalent Inc CTLT.N: up 9.7% ** Johnson & Johnson JNJ.N: down 0.4%
BUZZ-Catalent: Jumps on COVID-19 vaccine supply agreement with Johnson and Johnson ** Boeing Co BA.N, RIC: up 9.49%
BUZZ-Boeing shares jump as planemaker downplays liquidity concerns ** Gilead Sciences Inc GILD.O: up 6.7%
BUZZ-Gilead: Jumps after positive update on potential COVID-19 treatment BUZZ-Street View: Data suggest Gilead's remdesivir has role in treating COVID-19 ** Liberty Oilfield Services Inc LBRT.N: up 31.2%
BUZZ-Liberty Oilfield Services: Gains on surprise Q1 profit ** Sun Communities Inc SUI.N: down 2.1%
BUZZ-REIT Sun Communities dims on upsized stock deal ** Enterprise Products Partners EPD.N: up 9.6%
BUZZ-Enterprise Products Partners: Climbs on first-quarter profit beat, capex cut ** MRC Global Inc MRC.N: up 30.2%
BUZZ-MRC Global Inc: Soars on surprise Q1 profit ** ONEOK Inc OKE.N: up 3.4%
BUZZ-ONEOK: Rises on Q1 profit beat, capex reduction ** Zoom Video Communications Inc ZM.O: down 5.8%
BUZZ-Google challenges Zoom with free video conferencing ** Capricor Therapeutics Inc CAPR.O: up 241.2%
BUZZ-Capricor Therapeutics eyes best day on COVID-19 treatment data ** resTORbio Inc TORC.O: up 15.6% BUZZ-resTORbio: Surges on merger with privately-held Adicet ** Hasbro Inc HAS.O: down 3.0% BUZZ-Hasbro Inc: Drops on flagging weak Q2 over coronavirus concerns ** Humana Inc HUM.N: up 5.2% BUZZ-Humana Inc: Rises on upbeat Q1 profit and revenue ** Callaway Golf Co ELY.N: down 0.7% BUZZ-Callaway Golf drops on $200 mln convertible debt deal ** WW International Inc WW.O: up 18.3% BUZZ-WW International: Rises on lesser-than expected Q1 loss, gain in digital subscribers ** Mastercard Inc MA.N: up 6.7% BUZZ-Mastercard: Rises on better-than-expected Q1 profit ** Chevron Corp CVX.N: up 4.3% ** Exxon Mobil Corp XOM.N: up 4.2% ** Whiting Petroleum Corp WLL.N: up 9.9% ** Occidental Petroleum COrp OXY.N: up 6.8% ** Marathon Oil Corp MRO.N: up 7.4% ** Callon Petroleum CPE.N: up 10.1% ** Apache Corp APA.N: up 12.7%
** Schlumberger NV SLB.N: up 9.6% ** Halliburton Co HAL.N: up 10.0% ** TechnipFMC Plc FTI.N: up 7.9% BUZZ-Oil and gas cos rise on smaller-than-feared U.S. inventories build ** Starbucks Corp SBUX.O: down 1.4% BUZZ-Street View: Can Starbucks mirror China recovery in U.S.? BUZZ-Starbucks slips on grim China sales forecast ** NXP Semiconductors NV NXPI.O: up 7.9% BUZZ-NXP Semiconductors: Gains as brokerages raise PTs on inventory risk mitigation ** United Parcel Service Inc UPS.N: down 1.5% BUZZ-Street View: UPS to deliver more to homes even in Q2 ** Spotify Technology SA SPOT.N: up 12.3% BUZZ-Spotify: Jumps on better-than-expected surge in paid subscribers ** Fuwei Films Co Ltd FFHL.O: up 13.3% BUZZ-Fuwei Films: Jumps on Q4 profit, specialty films sales growth ** Alphabet Inc GOOGL.O: up 8.9% BUZZ-Street View: Alphabet to come out stronger on other side of coronavirus outbreak ** Pfizer Inc PFE.N: up 0.4% BUZZ-Street View: Pfizer among best-positioned to develop coronavirus vaccine ** Blue Apron Holdings Inc APRN.N: down 25.2% BUZZ-Blue Apron: Revenue misses despite surge in stay-at-home orders ** Akamai Technologies Inc AKAM.O: down 5.2% BUZZ-Akamai falls after pulling 2020 forecast ** DeXcom Inc DXCM.O: up 8.6% BUZZ-Dexcom Inc: Up on strong quarterly profit, revenue beat ** General Electric Co GE.N: down 1.2% BUZZ-General Electric: Slips on Q1 profit miss, sees further damage ** Mondelez International inc MDLZ.O: up 0.3% BUZZ-Street View: Mondelez's short-term hurdles to fade in the long run ** Ford Motor Co F.N: up 0.2% BUZZ-Street View: Ford has enough liquid fuel but cash burn worries linger ** Southwest Airlines Co LUV.N: up 5.2% BUZZ-Southwest rises after $4 bln liquidity boost; airlines rally ** iRobot Corp IRBT.O: down 3.4% BUZZ-iRobot Corp: Slumps as coronavirus hits sales, upends supply chain ** BeyondSpring Inc BYSI.O: up 10.4% BUZZ-BeyondSpring Inc: Up after changing goal for neutropenia drug study
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 5.09%
Consumer Discretionary
.SPLRCD
up 2.65%
Consumer Staples
.SPLRCS
up 0.26%
Energy
.SPNY
up 5.53%
Financial
.SPSY
up 3.60%
Health
.SPXHC
up 1.20%
Industrial
.SPLRCI
up 2.29%
Information Technology
.SPLRCT
up 3.79%
Materials
.SPLRCM
up 2.85%
Real Estate
.SPLRCR
up 1.60%
Utilities
.SPLRCU
up 0.64%
(Compiled by Amal S in Bengaluru)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. Robinson Worldwide Inc , down 4.7% ** Coty Inc , down 4.2% The top three NYSE .PG.N percentage gainers: ** SM Energy Co , up 40.2% ** Liberty Oilfield Services Inc , up 31.2% ** MRC Global Inc , up 29.9% The top three NYSE .PL.N percentage losers: ** Altisource Asset Management Corp , down 36.1% ** Franklin FTSE South Africa ETF , down 33.1% ** Empire State Realty OP , down 28.9% The top three Nasdaq .PG.O percentage gainers: ** Capricor Therapeutics Inc , up 241.2% ** BiondVax Pharmaceuticals Equity Warrants , up 61.1% ** Chimerix Inc , up 45% The top three Nasdaq .PL.O percentage losers: ** Creative Realities Inc , down 27.5% ** Martin Midstream Partners L.P , down 15.7% ** Fangdd Network Group Ltd , down 14.9% ** Chimerix Inc CMRX.O: up 45.0% BUZZ-Chimerix Inc: Surges on launch of COVID-19 treatment study ** Brinker International Inc EAT.N: up 28.3% BUZZ-Brinker International, Dine Brands surge on encouraging results ** Catalent Inc CTLT.N: up 9.7% ** Johnson & Johnson JNJ.N: down 0.4% BUZZ-Catalent: Jumps on COVID-19 vaccine supply agreement with Johnson and Johnson ** Boeing Co BA.N, RIC: up 9.49% BUZZ-Boeing shares jump as planemaker downplays liquidity concerns ** Gilead Sciences Inc GILD.O: up 6.7% BUZZ-Gilead: Jumps after positive update on potential COVID-19 treatment BUZZ-Street View: Data suggest Gilead's remdesivir has role in treating COVID-19 ** Liberty Oilfield Services Inc LBRT.N: up 31.2% BUZZ-Liberty Oilfield Services: Gains on surprise Q1 profit ** Sun Communities Inc SUI.N: down 2.1% BUZZ-REIT Sun Communities dims on upsized stock deal ** Enterprise Products Partners EPD.N: up 9.6% BUZZ-Enterprise Products Partners: Climbs on first-quarter profit beat, capex cut ** MRC Global Inc MRC.N: up 30.2% BUZZ-MRC Global Inc: Soars on surprise Q1 profit ** ONEOK Inc OKE.N: up 3.4% BUZZ-ONEOK: Rises on Q1 profit beat, capex reduction ** Zoom Video Communications Inc ZM.O: down 5.8% BUZZ-Google challenges Zoom with free video conferencing ** Capricor Therapeutics Inc CAPR.O: up 241.2% BUZZ-Capricor Therapeutics eyes best day on COVID-19 treatment data ** resTORbio Inc TORC.O: up 15.6% BUZZ-resTORbio: Surges on merger with privately-held Adicet ** Hasbro Inc HAS.O: down 3.0% BUZZ-Hasbro Inc: Drops on flagging weak Q2 over coronavirus concerns ** Humana Inc HUM.N: up 5.2% BUZZ-Humana Inc: Rises on upbeat Q1 profit and revenue ** Callaway Golf Co ELY.N: down 0.7% BUZZ-Callaway Golf drops on $200 mln convertible debt deal ** WW International Inc WW.O: up 18.3% BUZZ-WW International: Rises on lesser-than expected Q1 loss, gain in digital subscribers ** Mastercard Inc MA.N: up 6.7% BUZZ-Mastercard: Rises on better-than-expected Q1 profit ** Chevron Corp CVX.N: up 4.3% ** Exxon Mobil Corp XOM.N: up 4.2% ** Whiting Petroleum Corp WLL.N: up 9.9% ** Occidental Petroleum COrp OXY.N: up 6.8% ** Marathon Oil Corp MRO.N: up 7.4% ** Callon Petroleum CPE.N: up 10.1% ** Apache Corp APA.N: up 12.7% ** Schlumberger NV SLB.N: up 9.6% ** Halliburton Co HAL.N: up 10.0% ** TechnipFMC Plc FTI.N: up 7.9% BUZZ-Oil and gas cos rise on smaller-than-feared U.S. inventories build ** Starbucks Corp SBUX.O: down 1.4% BUZZ-Street View: Can Starbucks mirror China recovery in U.S.? BUZZ-Starbucks slips on grim China sales forecast ** NXP Semiconductors NV NXPI.O: up 7.9% BUZZ-NXP Semiconductors: Gains as brokerages raise PTs on inventory risk mitigation ** United Parcel Service Inc UPS.N: down 1.5% BUZZ-Street View: UPS to deliver more to homes even in Q2 ** Spotify Technology SA SPOT.N: up 12.3% BUZZ-Spotify: Jumps on better-than-expected surge in paid subscribers ** Fuwei Films Co Ltd FFHL.O: up 13.3% BUZZ-Fuwei Films: Jumps on Q4 profit, specialty films sales growth ** Alphabet Inc GOOGL.O: up 8.9% BUZZ-Street View: Alphabet to come out stronger on other side of coronavirus outbreak ** Pfizer Inc PFE.N: up 0.4% BUZZ-Street View: Pfizer among best-positioned to develop coronavirus vaccine ** Blue Apron Holdings Inc APRN.N: down 25.2% BUZZ-Blue Apron: Revenue misses despite surge in stay-at-home orders ** Akamai Technologies Inc AKAM.O: down 5.2% BUZZ-Akamai falls after pulling 2020 forecast ** DeXcom Inc DXCM.O: up 8.6% BUZZ-Dexcom Inc: Up on strong quarterly profit, revenue beat ** General Electric Co GE.N: down 1.2% BUZZ-General Electric: Slips on Q1 profit miss, sees further damage ** Mondelez International inc MDLZ.O: up 0.3% BUZZ-Street View: Mondelez's short-term hurdles to fade in the long run ** Ford Motor Co F.N: up 0.2% BUZZ-Street View: Ford has enough liquid fuel but cash burn worries linger ** Southwest Airlines Co LUV.N: up 5.2% BUZZ-Southwest rises after $4 bln liquidity boost; airlines rally ** iRobot Corp IRBT.O: down 3.4% BUZZ-iRobot Corp: Slumps as coronavirus hits sales, upends supply chain ** BeyondSpring Inc BYSI.O: up 10.4% BUZZ-BeyondSpring Inc: Up after changing goal for neutropenia drug study The 11 major S&P 500 sectors: Communication Services
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. Robinson Worldwide Inc , down 4.7% ** Coty Inc , down 4.2% The top three NYSE .PG.N percentage gainers: ** SM Energy Co , up 40.2% ** Liberty Oilfield Services Inc , up 31.2% ** MRC Global Inc , up 29.9% The top three NYSE .PL.N percentage losers: ** Altisource Asset Management Corp , down 36.1% ** Franklin FTSE South Africa ETF , down 33.1% ** Empire State Realty OP , down 28.9% The top three Nasdaq .PG.O percentage gainers: ** Capricor Therapeutics Inc , up 241.2% ** BiondVax Pharmaceuticals Equity Warrants , up 61.1% ** Chimerix Inc , up 45% The top three Nasdaq .PL.O percentage losers: ** Creative Realities Inc , down 27.5% ** Martin Midstream Partners L.P , down 15.7% ** Fangdd Network Group Ltd , down 14.9% ** Chimerix Inc CMRX.O: up 45.0% BUZZ-Chimerix Inc: Surges on launch of COVID-19 treatment study ** Brinker International Inc EAT.N: up 28.3% BUZZ-Brinker International, Dine Brands surge on encouraging results ** Catalent Inc CTLT.N: up 9.7% ** Johnson & Johnson JNJ.N: down 0.4% BUZZ-Catalent: Jumps on COVID-19 vaccine supply agreement with Johnson and Johnson ** Boeing Co BA.N, RIC: up 9.49% BUZZ-Boeing shares jump as planemaker downplays liquidity concerns ** Gilead Sciences Inc GILD.O: up 6.7% BUZZ-Gilead: Jumps after positive update on potential COVID-19 treatment BUZZ-Street View: Data suggest Gilead's remdesivir has role in treating COVID-19 ** Liberty Oilfield Services Inc LBRT.N: up 31.2% BUZZ-Liberty Oilfield Services: Gains on surprise Q1 profit ** Sun Communities Inc SUI.N: down 2.1% BUZZ-REIT Sun Communities dims on upsized stock deal ** Enterprise Products Partners EPD.N: up 9.6% BUZZ-Enterprise Products Partners: Climbs on first-quarter profit beat, capex cut ** MRC Global Inc MRC.N: up 30.2% BUZZ-MRC Global Inc: Soars on surprise Q1 profit ** ONEOK Inc OKE.N: up 3.4% BUZZ-ONEOK: Rises on Q1 profit beat, capex reduction ** Zoom Video Communications Inc ZM.O: down 5.8% BUZZ-Google challenges Zoom with free video conferencing ** Capricor Therapeutics Inc CAPR.O: up 241.2% BUZZ-Capricor Therapeutics eyes best day on COVID-19 treatment data ** resTORbio Inc TORC.O: up 15.6% BUZZ-resTORbio: Surges on merger with privately-held Adicet ** Hasbro Inc HAS.O: down 3.0% BUZZ-Hasbro Inc: Drops on flagging weak Q2 over coronavirus concerns ** Humana Inc HUM.N: up 5.2% BUZZ-Humana Inc: Rises on upbeat Q1 profit and revenue ** Callaway Golf Co ELY.N: down 0.7% BUZZ-Callaway Golf drops on $200 mln convertible debt deal ** WW International Inc WW.O: up 18.3% BUZZ-WW International: Rises on lesser-than expected Q1 loss, gain in digital subscribers ** Mastercard Inc MA.N: up 6.7% BUZZ-Mastercard: Rises on better-than-expected Q1 profit ** Chevron Corp CVX.N: up 4.3% ** Exxon Mobil Corp XOM.N: up 4.2% ** Whiting Petroleum Corp WLL.N: up 9.9% ** Occidental Petroleum COrp OXY.N: up 6.8% ** Marathon Oil Corp MRO.N: up 7.4% ** Callon Petroleum CPE.N: up 10.1% ** Apache Corp APA.N: up 12.7% ** Schlumberger NV SLB.N: up 9.6% ** Halliburton Co HAL.N: up 10.0% ** TechnipFMC Plc FTI.N: up 7.9% BUZZ-Oil and gas cos rise on smaller-than-feared U.S. inventories build ** Starbucks Corp SBUX.O: down 1.4% BUZZ-Street View: Can Starbucks mirror China recovery in U.S.? BUZZ-Starbucks slips on grim China sales forecast ** NXP Semiconductors NV NXPI.O: up 7.9% BUZZ-NXP Semiconductors: Gains as brokerages raise PTs on inventory risk mitigation ** United Parcel Service Inc UPS.N: down 1.5% BUZZ-Street View: UPS to deliver more to homes even in Q2 ** Spotify Technology SA SPOT.N: up 12.3% BUZZ-Spotify: Jumps on better-than-expected surge in paid subscribers ** Fuwei Films Co Ltd FFHL.O: up 13.3% BUZZ-Fuwei Films: Jumps on Q4 profit, specialty films sales growth ** Alphabet Inc GOOGL.O: up 8.9% BUZZ-Street View: Alphabet to come out stronger on other side of coronavirus outbreak ** Pfizer Inc PFE.N: up 0.4% BUZZ-Street View: Pfizer among best-positioned to develop coronavirus vaccine ** Blue Apron Holdings Inc APRN.N: down 25.2% BUZZ-Blue Apron: Revenue misses despite surge in stay-at-home orders ** Akamai Technologies Inc AKAM.O: down 5.2% BUZZ-Akamai falls after pulling 2020 forecast ** DeXcom Inc DXCM.O: up 8.6% BUZZ-Dexcom Inc: Up on strong quarterly profit, revenue beat ** General Electric Co GE.N: down 1.2% BUZZ-General Electric: Slips on Q1 profit miss, sees further damage ** Mondelez International inc MDLZ.O: up 0.3% BUZZ-Street View: Mondelez's short-term hurdles to fade in the long run ** Ford Motor Co F.N: up 0.2% BUZZ-Street View: Ford has enough liquid fuel but cash burn worries linger ** Southwest Airlines Co LUV.N: up 5.2% BUZZ-Southwest rises after $4 bln liquidity boost; airlines rally ** iRobot Corp IRBT.O: down 3.4% BUZZ-iRobot Corp: Slumps as coronavirus hits sales, upends supply chain ** BeyondSpring Inc BYSI.O: up 10.4% BUZZ-BeyondSpring Inc: Up after changing goal for neutropenia drug study The 11 major S&P 500 sectors: Communication Services
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.N At 12:36 ET, the Dow Jones Industrial Average .DJI was up 2.41% at 24,682.31. Robinson Worldwide Inc , down 4.7% ** Coty Inc , down 4.2% The top three NYSE .PG.N percentage gainers: ** SM Energy Co , up 40.2% ** Liberty Oilfield Services Inc , up 31.2% ** MRC Global Inc , up 29.9% The top three NYSE .PL.N percentage losers: ** Altisource Asset Management Corp , down 36.1% ** Franklin FTSE South Africa ETF , down 33.1% ** Empire State Realty OP , down 28.9% The top three Nasdaq .PG.O percentage gainers: ** Capricor Therapeutics Inc , up 241.2% ** BiondVax Pharmaceuticals Equity Warrants , up 61.1% ** Chimerix Inc , up 45% The top three Nasdaq .PL.O percentage losers: ** Creative Realities Inc , down 27.5% ** Martin Midstream Partners L.P , down 15.7% ** Fangdd Network Group Ltd , down 14.9% ** Chimerix Inc CMRX.O: up 45.0% BUZZ-Chimerix Inc: Surges on launch of COVID-19 treatment study ** Brinker International Inc EAT.N: up 28.3% BUZZ-Brinker International, Dine Brands surge on encouraging results ** Catalent Inc CTLT.N: up 9.7% ** Johnson & Johnson JNJ.N: down 0.4% BUZZ-Catalent: Jumps on COVID-19 vaccine supply agreement with Johnson and Johnson ** Boeing Co BA.N, RIC: up 9.49% BUZZ-Boeing shares jump as planemaker downplays liquidity concerns ** Gilead Sciences Inc GILD.O: up 6.7% BUZZ-Gilead: Jumps after positive update on potential COVID-19 treatment BUZZ-Street View: Data suggest Gilead's remdesivir has role in treating COVID-19 ** Liberty Oilfield Services Inc LBRT.N: up 31.2% BUZZ-Liberty Oilfield Services: Gains on surprise Q1 profit ** Sun Communities Inc SUI.N: down 2.1% BUZZ-REIT Sun Communities dims on upsized stock deal ** Enterprise Products Partners EPD.N: up 9.6% BUZZ-Enterprise Products Partners: Climbs on first-quarter profit beat, capex cut ** MRC Global Inc MRC.N: up 30.2% BUZZ-MRC Global Inc: Soars on surprise Q1 profit ** ONEOK Inc OKE.N: up 3.4% BUZZ-ONEOK: Rises on Q1 profit beat, capex reduction ** Zoom Video Communications Inc ZM.O: down 5.8% BUZZ-Google challenges Zoom with free video conferencing ** Capricor Therapeutics Inc CAPR.O: up 241.2% BUZZ-Capricor Therapeutics eyes best day on COVID-19 treatment data ** resTORbio Inc TORC.O: up 15.6% BUZZ-resTORbio: Surges on merger with privately-held Adicet ** Hasbro Inc HAS.O: down 3.0% BUZZ-Hasbro Inc: Drops on flagging weak Q2 over coronavirus concerns ** Humana Inc HUM.N: up 5.2% BUZZ-Humana Inc: Rises on upbeat Q1 profit and revenue ** Callaway Golf Co ELY.N: down 0.7% BUZZ-Callaway Golf drops on $200 mln convertible debt deal ** WW International Inc WW.O: up 18.3% BUZZ-WW International: Rises on lesser-than expected Q1 loss, gain in digital subscribers ** Mastercard Inc MA.N: up 6.7% BUZZ-Mastercard: Rises on better-than-expected Q1 profit ** Chevron Corp CVX.N: up 4.3% ** Exxon Mobil Corp XOM.N: up 4.2% ** Whiting Petroleum Corp WLL.N: up 9.9% ** Occidental Petroleum COrp OXY.N: up 6.8% ** Marathon Oil Corp MRO.N: up 7.4% ** Callon Petroleum CPE.N: up 10.1% ** Apache Corp APA.N: up 12.7% ** Schlumberger NV SLB.N: up 9.6% ** Halliburton Co HAL.N: up 10.0% ** TechnipFMC Plc FTI.N: up 7.9% BUZZ-Oil and gas cos rise on smaller-than-feared U.S. inventories build ** Starbucks Corp SBUX.O: down 1.4% BUZZ-Street View: Can Starbucks mirror China recovery in U.S.? BUZZ-Starbucks slips on grim China sales forecast ** NXP Semiconductors NV NXPI.O: up 7.9% BUZZ-NXP Semiconductors: Gains as brokerages raise PTs on inventory risk mitigation ** United Parcel Service Inc UPS.N: down 1.5% BUZZ-Street View: UPS to deliver more to homes even in Q2 ** Spotify Technology SA SPOT.N: up 12.3% BUZZ-Spotify: Jumps on better-than-expected surge in paid subscribers ** Fuwei Films Co Ltd FFHL.O: up 13.3% BUZZ-Fuwei Films: Jumps on Q4 profit, specialty films sales growth ** Alphabet Inc GOOGL.O: up 8.9% BUZZ-Street View: Alphabet to come out stronger on other side of coronavirus outbreak ** Pfizer Inc PFE.N: up 0.4% BUZZ-Street View: Pfizer among best-positioned to develop coronavirus vaccine ** Blue Apron Holdings Inc APRN.N: down 25.2% BUZZ-Blue Apron: Revenue misses despite surge in stay-at-home orders ** Akamai Technologies Inc AKAM.O: down 5.2% BUZZ-Akamai falls after pulling 2020 forecast ** DeXcom Inc DXCM.O: up 8.6% BUZZ-Dexcom Inc: Up on strong quarterly profit, revenue beat ** General Electric Co GE.N: down 1.2% BUZZ-General Electric: Slips on Q1 profit miss, sees further damage ** Mondelez International inc MDLZ.O: up 0.3% BUZZ-Street View: Mondelez's short-term hurdles to fade in the long run ** Ford Motor Co F.N: up 0.2% BUZZ-Street View: Ford has enough liquid fuel but cash burn worries linger ** Southwest Airlines Co LUV.N: up 5.2% BUZZ-Southwest rises after $4 bln liquidity boost; airlines rally ** iRobot Corp IRBT.O: down 3.4% BUZZ-iRobot Corp: Slumps as coronavirus hits sales, upends supply chain ** BeyondSpring Inc BYSI.O: up 10.4% BUZZ-BeyondSpring Inc: Up after changing goal for neutropenia drug study The 11 major S&P 500 sectors: Communication Services
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. The top three S&P 500 .PG.INX percentage gainers: ** Norwegian Cruise Line Holdings Ltd , up 19.8% ** Alliance Data Systems Corp , up 15.3% ** Discover Financial Services , up 14.4% The top three S&P 500 .PL.INX percentage losers: ** Akamai Technologies Inc , down 5.3% ** C.H. Robinson Worldwide Inc , down 4.7% ** Coty Inc , down 4.2% The top three NYSE .PG.N percentage gainers: ** SM Energy Co , up 40.2% ** Liberty Oilfield Services Inc , up 31.2% ** MRC Global Inc , up 29.9% The top three NYSE .PL.N percentage losers: ** Altisource Asset Management Corp , down 36.1% ** Franklin FTSE South Africa ETF , down 33.1% ** Empire State Realty OP , down 28.9% The top three Nasdaq .PG.O percentage gainers: ** Capricor Therapeutics Inc , up 241.2% ** BiondVax Pharmaceuticals Equity Warrants , up 61.1% ** Chimerix Inc , up 45% The top three Nasdaq .PL.O percentage losers: ** Creative Realities Inc , down 27.5% ** Martin Midstream Partners L.P , down 15.7% ** Fangdd Network Group Ltd , down 14.9% ** Chimerix Inc CMRX.O: up 45.0% BUZZ-Chimerix Inc: Surges on launch of COVID-19 treatment study ** Brinker International Inc EAT.N: up 28.3% BUZZ-Brinker International, Dine Brands surge on encouraging results ** Catalent Inc CTLT.N: up 9.7% ** Johnson & Johnson JNJ.N: down 0.4% BUZZ-Catalent: Jumps on COVID-19 vaccine supply agreement with Johnson and Johnson ** Boeing Co BA.N, RIC: up 9.49% BUZZ-Boeing shares jump as planemaker downplays liquidity concerns ** Gilead Sciences Inc GILD.O: up 6.7% BUZZ-Gilead: Jumps after positive update on potential COVID-19 treatment BUZZ-Street View: Data suggest Gilead's remdesivir has role in treating COVID-19 ** Liberty Oilfield Services Inc LBRT.N: up 31.2% BUZZ-Liberty Oilfield Services: Gains on surprise Q1 profit ** Sun Communities Inc SUI.N: down 2.1% BUZZ-REIT Sun Communities dims on upsized stock deal ** Enterprise Products Partners EPD.N: up 9.6% BUZZ-Enterprise Products Partners: Climbs on first-quarter profit beat, capex cut ** MRC Global Inc MRC.N: up 30.2% BUZZ-MRC Global Inc: Soars on surprise Q1 profit ** ONEOK Inc OKE.N: up 3.4% BUZZ-ONEOK: Rises on Q1 profit beat, capex reduction ** Zoom Video Communications Inc ZM.O: down 5.8% BUZZ-Google challenges Zoom with free video conferencing ** Capricor Therapeutics Inc CAPR.O: up 241.2% BUZZ-Capricor Therapeutics eyes best day on COVID-19 treatment data ** resTORbio Inc TORC.O: up 15.6% BUZZ-resTORbio: Surges on merger with privately-held Adicet ** Hasbro Inc HAS.O: down 3.0% BUZZ-Hasbro Inc: Drops on flagging weak Q2 over coronavirus concerns ** Humana Inc HUM.N: up 5.2% BUZZ-Humana Inc: Rises on upbeat Q1 profit and revenue ** Callaway Golf Co ELY.N: down 0.7% BUZZ-Callaway Golf drops on $200 mln convertible debt deal ** WW International Inc WW.O: up 18.3% BUZZ-WW International: Rises on lesser-than expected Q1 loss, gain in digital subscribers ** Mastercard Inc MA.N: up 6.7% BUZZ-Mastercard: Rises on better-than-expected Q1 profit ** Chevron Corp CVX.N: up 4.3% ** Exxon Mobil Corp XOM.N: up 4.2% ** Whiting Petroleum Corp WLL.N: up 9.9% ** Occidental Petroleum COrp OXY.N: up 6.8% ** Marathon Oil Corp MRO.N: up 7.4% ** Callon Petroleum CPE.N: up 10.1% ** Apache Corp APA.N: up 12.7% ** Schlumberger NV SLB.N: up 9.6% ** Halliburton Co HAL.N: up 10.0% ** TechnipFMC Plc FTI.N: up 7.9% BUZZ-Oil and gas cos rise on smaller-than-feared U.S. inventories build ** Starbucks Corp SBUX.O: down 1.4% BUZZ-Street View: Can Starbucks mirror China recovery in U.S.?
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8766.0
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2017-11-07 00:00:00 UTC
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Financial Sector Update for 11/07/2017: CADE,VIRT,AAMC
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-11072017-cadevirtaamc-2017-11-07
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nan
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nan
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Top Financial Stocks
JPM -2.18%
BAC -2.32%
WFC -2.24%
C -1.51%
USB -2.62%
Financial stocks were ending sharply lower this afternoon, with the NYSE Financial Sector Index falling nearly 0.9% while financial companies in the S&P 500 Index dropping almost 1.5%.
In company news, Cadence Bancorporation ( CADE ) declined Tuesday, falling over 7% at one point today to a session low of $23.66 a share, after last night disclosing plans for a secondary offering of 9.5 million shares of its Class A common stock by its controlling shareholder, Cadence Bancorp LLC.
Following the sale, the selling shareholder's ownership interest in the bank holding company will fall to around 78.3% of its outstanding stock. The seller also issued 30-day warrants to underwriters participating in the upcoming stock sale to buy up to 1.43 million additonal shares to cover potential overallotments.
The bank will not receive any proceeds from the offering.
In other sector news,
(+) VIRT, Excluding one-time items, earns $0.08 per share, down from a non-GAAP profit of $0.20 per share during the year-ago period but still topping the Capital IQ consensus expecting adjusted net income of $0.04 per share. Revenue grew 64.6% to $271.3 million, crushing the $157.4 million Street view.
(-) AAMC, Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Total revenue declines 8.7% from year-ago levels to $4.43 mln from $4.85 mln last year. No analyst estimates were available for comparison.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(-) AAMC, Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. In company news, Cadence Bancorporation ( CADE ) declined Tuesday, falling over 7% at one point today to a session low of $23.66 a share, after last night disclosing plans for a secondary offering of 9.5 million shares of its Class A common stock by its controlling shareholder, Cadence Bancorp LLC. Following the sale, the selling shareholder's ownership interest in the bank holding company will fall to around 78.3% of its outstanding stock.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (-) AAMC, Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Financial stocks were ending sharply lower this afternoon, with the NYSE Financial Sector Index falling nearly 0.9% while financial companies in the S&P 500 Index dropping almost 1.5%.
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(-) AAMC, Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Financial stocks were ending sharply lower this afternoon, with the NYSE Financial Sector Index falling nearly 0.9% while financial companies in the S&P 500 Index dropping almost 1.5%. In company news, Cadence Bancorporation ( CADE ) declined Tuesday, falling over 7% at one point today to a session low of $23.66 a share, after last night disclosing plans for a secondary offering of 9.5 million shares of its Class A common stock by its controlling shareholder, Cadence Bancorp LLC.
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(-) AAMC, Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Following the sale, the selling shareholder's ownership interest in the bank holding company will fall to around 78.3% of its outstanding stock. In other sector news, (+) VIRT, Excluding one-time items, earns $0.08 per share, down from a non-GAAP profit of $0.20 per share during the year-ago period but still topping the Capital IQ consensus expecting adjusted net income of $0.04 per share.
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8767.0
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2017-11-07 00:00:00 UTC
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Financial Sector Update for 11/07/2017: VIRT,AINV,AAMC
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-11072017-virtainvaamc-2017-11-07
|
nan
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nan
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Top Financial Stocks
JPM -2.12%
BAC -2.49%
WFC -1.76%
C -1.79%
USB -1.98%
Financial stocks were sharply lower this afternoon, with the NYSE Financial Sector Index falling more than 0.8% while financial companies in the S&P 500 Index dropped more than 1.2%.
In company news, Virtu Financial ( VIRT ) reached a session high of $15.75 a share on Tuesday, rising almost 18% at one point, after the company reported above-consensus non-GAAP Q3 earnings and revenue.
Excluding one-time items, the company generated adjusted net income of $0.08 per share, down sharply from last year's non-GAAP profit of $0.20 per share, but still topping the Capital IQ consensus for $0.04 per share. Revenue grew 64.6% to $271.3 million, crushing the $157.4 million Street view.
In other sector news,
(+) AINV, (+1.0%) Raised to Outperform from Market Perform at Raymond James.
(-) AAMC, (-0.9%) Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Total revenue declines 8.7% from year-ago levels to $4.43 mln from $4.85 mln last year. No analyst estimates were available for comparison.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(-) AAMC, (-0.9%) Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. In company news, Virtu Financial ( VIRT ) reached a session high of $15.75 a share on Tuesday, rising almost 18% at one point, after the company reported above-consensus non-GAAP Q3 earnings and revenue. Excluding one-time items, the company generated adjusted net income of $0.08 per share, down sharply from last year's non-GAAP profit of $0.20 per share, but still topping the Capital IQ consensus for $0.04 per share.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (-) AAMC, (-0.9%) Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Excluding one-time items, the company generated adjusted net income of $0.08 per share, down sharply from last year's non-GAAP profit of $0.20 per share, but still topping the Capital IQ consensus for $0.04 per share.
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(-) AAMC, (-0.9%) Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. Financial stocks were sharply lower this afternoon, with the NYSE Financial Sector Index falling more than 0.8% while financial companies in the S&P 500 Index dropped more than 1.2%. In company news, Virtu Financial ( VIRT ) reached a session high of $15.75 a share on Tuesday, rising almost 18% at one point, after the company reported above-consensus non-GAAP Q3 earnings and revenue.
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(-) AAMC, (-0.9%) Reports Q3 net loss of $1.38 per share, more than double its $0.67 per share loss during the same quarter last year. In company news, Virtu Financial ( VIRT ) reached a session high of $15.75 a share on Tuesday, rising almost 18% at one point, after the company reported above-consensus non-GAAP Q3 earnings and revenue. Excluding one-time items, the company generated adjusted net income of $0.08 per share, down sharply from last year's non-GAAP profit of $0.20 per share, but still topping the Capital IQ consensus for $0.04 per share.
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2017-05-01 00:00:00 UTC
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Ocwen Financial: Calling Republican Lawmakers What Is Going On With The CFPB
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AAMC
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https://www.nasdaq.com/articles/ocwen-financial-calling-republican-lawmakers-what-going-cfpb-2017-05-01
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By John Devaney :
05/01/2017
John Devaney, CEO United Capital Markets
The following communication is to:
1.) President Trump
2.) The House Financial Services Committee
3.) The U.S. Senate Committee on Banking, Housing, and Urban Affairs
4.) The United States Department of Justice
5.) The Securities and Exchange Commission
6.) The Ocwen Financial (NYSE: OCN ) Board of Directors
7.) The Altisource Portfolio Solutions (NASDAQ: ASPS ) Board of Directors
8.) Ocwen Financial and Altisource Portfolio Solutions equity investors, corporate bond investors, and bank term loan investors having owned any of the securities between around 2013 and present.
9.) All current and prior owners of Home Loan Servicing Solutions (NASDAQ: HLSS ), (Altisource Asset Management (NYSE: AAMC ) and Altisource Residential Corporation ( NYSE: RESI ) RESI equity and debt instruments that were owned between the periods of 2013 and present.
Introduction:
I feel that there has been wrongdoing over the past several years by various industry participants that might have broken various federal and state securities rules such as insider trading, securities fraud, violations of the RICO act, illegal or inappropriate communications between government organizations such as the CFPB, State Ag's and public and private companies attempting to gain a profit advantage or gain confidential information , and illegal or inappropriate lobbying that might have occurred between public officials and the private sector that are governed by strict rules.
I am also asking for the above mentioned companies and their respective Board of Directors, in the center of below narrative, mainly Ocwen Financial and Altisource Portfolio Solutions, to ascertain whether the actions of others might have created a tort claim that the companies should pursue for the benefit of shareholders.
The recent actions of the CFPB, the members of the MMC (Multistate Mortgage Coalition) against Ocwen Financial seem to be politically motivated and coordinated. There is quite a bit of back story to Ocwen's history of growing too quickly taking on mainly subprime loans that the large banks didn't want to deal with anymore. Yes, Ocwen has made mistakes and has had issues resulting from this rapid prior growth. The full story in many ways is not what it appears.
By any measure, Ocwen has helped preserve home ownership of struggling Americans with low credit scores far better than any other mortgage servicer. Ocwen Financial has done as reported on page 18 of the Fourth Quarter Earnings presentation , 330,464 HAMP loan modifications beating the next highest servicer, Wells Fargo by 53%. For sure this has provided tremendous benefits to these struggling homeowners. The CFPB wants folks to think Ocwen has hurt homeowners but quite the opposite is true. These loan mods did far more overpowering good since this was on such a large scale than the legacy issues from 2012-2015 brought up in the recent CFPB complaint.
The incredible recent overreach of the CFPB in their coordinated attack of Ocwen Financial with the MMC is very problematic to the very homeowners that these organizations are installed to protect. Reform in the servicing industry is ongoing and as evidenced by serious infractions found by the biggest banks in the country as evidenced by the National Mortgage Settlement (NMS 2012). The subprime machine was created by the banks origination and securitization of the shaky loans that contributed to the financial crisis. These loans were not created and underwritten by Ocwen.
This incredible overreach of the CFPB in their actions against PHH Corporation and Ocwen Financial are symptoms of a grossly broken regulatory environment that needs to be fixed for the benefit of consumers, homeowners, and now mainly smaller public and private companies that employ hundreds of thousands of hard working Americans. The investors in public debt and equity that have felt the wrath of these overreaching government actions also are affecting the very foundations of capitalism.
I am an owner of a couple companies that have been on the receiving end of the above described overreach, namely Ocwen Financial and Altisource Portfolio Solutions, and both of these public equity securities have fallen after the coordinated attack by the CFPB and states by more than 50% after these actions were announced.
Yes, I am an upset investor. But, this communication below has details of quite a bit more of a back story involving these companies and the interplay between regulators, profit motivated investors that I believe have created a phony data narrative provided to the regulators and also wielded powerful influence over these regulators for their own profit motives. These powerful investors driving much of these inappropriate exchanges with regulators are some of the largest money managers I the world. I hope the House and Senate representatives will all read this communication, along with the SEC and DOJ.
For the affected shareholders, because this back story involved behavior that I believe could create tort actions that the companies should pursue, I am currently working on a strategy that will protect investor rights that are owners of OCN and ASPS. If the companies do not take actions, I feel like investors might want to consider taking actions on behalf of the company.
This strategy might entail civil litigation, whistle blower complaints to various federal agencies like the SEC and DOJ for insider trading allegations, fraud committed by large companies that knowingly created phony data released to the public regarding OCN, trading before or after releasing knowingly false data is securities fraud, contacting politicians such as is intended in this communication and especially to get the attention of Jeb Hensarling that outlines wrong doing and illegal behavior by industry participants and conflicted interactions between large investors and the CFPB and State AG's, as well as interviewing expert data technicians to help prove some of the above and below.
I believe the company is also involved in fighting back but I feel like shareholders, many of whom are experts in the area of mortgage finance, should take a few of their own independent steps to counter this full out political assault on Ocwen which is a dual assault by profit motivated investors and by the CFPB's and various democratic State AG's dwindling power in Washington.
"PAWNS OF WALL STREET"
The most egregious thing of all remains that much of the attack on Ocwen started with lobbying from large money managers such as Blackrock,. Pimco, Neuberger and Berman, Metlife, and Kore Advisors ( The Gibbs and Bruns Group) who are pro-foreclosure and on January 15, 2015 declared what I consider to be a phony Event of Default (( EOD )) on 119 of Ocwen serviced RMBS bonds. These industry participants are managing money for hard working Americans in their retirement accounts and they are in favor of foreclosure and against the loan mods that have helped Ocwen stay in their homes. A very interesting piece was faxed to me from an anonymous author that was making rounds on trading desks last week, titled "PAWNS OF WALL STREET" .
I heard this is from a market participant with more than 100bb of assets under management who apparently does not agree with the "kick the struggling homeowners on the street" agenda. I think this firm has an extensive private label RMBS bond portfolio (subprime) at the heart of these issues. He is saying in his paper that these large firms duped the CFPB and State AG's into doing their dirty work for them so that their subprime mortgage bonds might make slightly more money at the expense of the struggling homeowner.
Basically, the Gibbs group created in my opinion a phony list of allegations found in this link in an effort to profit off their equity OCN, ASPS, HLSS, RESI, and AAMC short positions as well as to transfer servicing away from Ocwen to another servicer that would make their RMBS bonds slightly more money in their pro foreclosure agenda. I also believe that these parties traded in the Ocwen serviced RMBS bonds dumping their holdings of riskier pieces ahead of their knowing damaging EOD notice.
I believe it is very likely that this phony narrative was given to Ben Lawsky at the NY DFS considering this same Gibbs group was already quoted as lobbying Lawsky to stop an acquisition Ocwen was trying to make.
Ocwen fires back with a detailed retort to the entire list of allegations with fairly straight forward answers found here.
A year later after very severe financial harm has been done to Ocwen as a result of this group declaring an official EOD in their public communications and allowing, I believe various members of this conspiracy to profit on Ocwen's price decline, ASPS price decline, and other parties to profit from Ocwen's fire sale of assets - Duff and Phelps who was engaged by Wells Fargo to conduct a detailed study to see if any wrong doing alleged in the Gibbs report was true declared there was no evidence. The Duff and Phelps report said:
Ocwen Financial Corporation , a leading financial services holding company, today commented on the Duff & Phelps, LLP (Duff & Phelps) independent analysis, which determined that none of the allegations in the Gibbs & Bruns, LLP's January 23, 2015 Notice of Non-Performance investigated by Duff & Phelps were supported by evidence .
As I describe above and below, I believe that this phony narrative and what now has been proved to have been phony data, was provided to the CFPB and various State AG's encouraging these regulators to take enforcement actions to the benefit of these investors.
This is why the Dodd Frank regulations and the CFPB must be reformed. None of the above and below narrative I believe might have occurred not for the unlimited power held currently by the CFPB.
My history in this narrative:
My broker dealer, United Capital Markets (UCM), is 18 years old and has traded with hundreds of institutional counterparties. At the age of 29 I purchased a broker dealer and believe I was one of the youngest such approved owners in the industry at that time by the regulator NASD now known as Finra. Since my firm's inception, I decided to study, model, trade, and invest as principal in the riskiest tranches of the structured finance marketplace. My firm grew very quickly handling a niche that the largest primary dealers wouldn't touch at the time. My firm has traded between 50bb and 75bb of bonds in structured finance risky subordinate tranches in the firm's history making UCM a leader. The firm has traded with most of the nations large and small money managers, insurance companies, government entities such as Fannie Mae, mutual funds, hedge funds, banks, CDO managers, and over a hundred other regional dealers. I am proud of the liquidity and research my firm has provided over many years to market participants.
My firm is well known to provide more transparency in our offerings of these hard to price subordinate tranches over other dealers. My offering sheets showing the bonds that I owned as principal, increased in many periods to over 200mm in proceeds and hundreds of unique bonds all shown in an excel offering sheet. Other dealers throughout my entire career did not want to show their entire hand and would show five or ten hard-to-price subordinate offerings at one time even though they might have owned more as principal.
So how did I get involved as an Ocwen equity owner and get involved in this?
For over 20 years I have been one of the top traders and dealers in subprime subordinate tranches. Investing in these riskier subordinate tranches required a far greater understanding of the structure, servicer performance, and projected collateral performance over the senior bonds. The risky bonds are levered to small changes in delinquencies, foreclosures, and losses so basically you have to know your stuff. My record specializing in this area has been very good having a down year only during the financial crisis investing in the structured finance space over all these years.
A few years after the financial crisis, starting in 2012 I identified and correctly predicted that the loan mods that Ocwen Financial was doing would be far more effective over any other servicer. I invested at bonds at $5 and $10 and $25 prices that went to $30, $50, $60, and even $80 prices in just a matter of a couple years. By far the loan mods that Ocwen did protected bondholders from principal losses far better than any servicer. I made a large amount of money on this specific trade which is why I decided to respond to the, what I now consider "The phony Gibbs EOD Notice" with a letter I wrote to Moody's Investor Service that I decided to make public.
My letter to Moodys Investor Service is found here written on March 3, 2015.
Other Ocwen serviced RMBS bond investors came to Ocwen's defense including LL Funds who reported owning 1.8bb current face of Ocwen's RMBS bonds. This is over 1.2% of Ocwen's entire private label portfolio. They wrote one paper entitled "In Defense of Ocwen's Servicing" found here and then a little while later right before Ocwen received the much needed upgrade from Standard and Poors, LL Funds wrote a follow up paper found here entitled "Update to Ocwen Paper" The first paper disputed the allegations in the above mentioned Gibbs and Bruns allegations using data from Loan Performance, an industry leading data vendor for loan level data in RMBS bond deals. They asserted that many of the tables created by who we now know was the Gibb's data expert, Scott Gimpel of Webbs Hill Advisors, were misleading talking about Ocwen's re-default rates on modified loans. LL funds found that Ocwen had the best re-default rate of anyone when comparing "subprime to subprime" or a apples to apples comparison instead of apples versus bananas. This first LL Funds report, which I agree with, says that Ocwen's servicing practices provided more "cash flow" back to the RMBS deals which is the overriding legal mandate that Ocwen has in following the Pooling and Servicing Agreement (( PSA )), or the official contract between the servicer and the RMBS trust. The second paper compared Ocwen's servicing in subprime loans to servicer SPS. SPS has a very high rating by the rating agencies as a servicer. The paper said in total, Ocwen's strategy resulted in 6% lower losses for its delinquent loans compared to SPS. This is saying in other words, that Ocwen prevented 6% of actual losses to the RMBS bond trusts going head to head with SPS who is considered to be the leading non-bank servicer.
Ocwen wins versus SPS in the subprime category in protecting the RMBS bonds from principal losses.
This is a very powerful conclusion and very different than the phony data that Gibbs Group decided to put out.
Additionally, in mid-2015 after all this saga unfolded with the NY DFS and Gibbs joint attack on Ocwen, I polled my entire account list, and over 100 institutional investors or 95% of all respondents told me that they would not move servicing away from Ocwen despite these Gibbs claims. I took this list in whole or in parts to the rating agencies who were downgrading Ocwen's corporate debt ratings and servicer ratings. I provided names phone numbers, and emails of many market participants that spoke up to the rating agencies to support Ocwen's servicing practices.
The Irony is the BIG BANKS that created these products skirted their responsibility to continue to service it, selling off subprime mortgage servicing rights to other such as Ocwen.
Republican lawmakers should be aware that the worst offenders of throwing the homeowners to the curb were the largest banks like Bank of America (NYSE: BAC ), Citigroup (NYSE: C ), JP Morgan (NYSE: JPM ) and Wells Fargo (NYSE: WFC ) who the CFPB and all 50 states announced on February 9, 2012 in the National Mortgage Settlement (( NMS )) requiring the banks to do, you guessed it "loan mods" to help struggling homeowners to stay in their homes. This order stipulated that these firms along with GMAC/RFC , were ordered to provide 20bb of principal relief to homeowners through loan mods.
Who do you think was lobbying vehemently against this settlement?? You guessed it: PIMCO/Blackrock and the rest of the Gibbs group.
Those investors behind much of this lobbying were and are "pro-foreclosure" which is a horrible fact that is at the heart of the lobbying pressure against Ocwen to regulators and all this phony data they put out trying to influence the rating agencies, regulators, and the trustees.
I've said this before, I believe that the Gibbs Group { Blackrock (NYSE: BLK ), PIMCO , Metlife ( NYSE: MET ), Neuberger and Berman, and Kore Advisors} knowingly presented false and misleading data in the report that declared Ocwen's RMBS in an Event of Default in their notice to the RMBS bond trustees.
If they knew the things they were saying were not true, this is fraud. This could have brought great harm to Ocwen over the years and Republican lawmakers should investigate if these misrepresentations are fact is true. Additionally, like I have stated above, I believe that these companies owe it to their shareholders to take actions against these misrepresentations with a tort claim that could uncover thousands of emails that could discover the connections between these market participants, regulators, rating agencies, short sellers, lobbyists, and each other in this conspiracy.
Someone needs to get all the emails: The companies harmed regulators, or the lawmakers.
In no apparent order below is a list of important facts relating to this case in front of regulators, investors, and lawmakers.
A.) If in fact, any of these firms traded after releasing knowingly false data to the public, this is securities fraud.
The House and Senate should invite these industry participants to testify before congress on these points. Did this EOD notice provide inaccurate data? Did any members of the group created the EOD notice know that data they presented was not true when written?
And was this EOD notice motivated by a pro foreclosure agenda that would hurt struggling American Home Owners?
The SEC should investigate to ensure that market participants did not commit securities fraud.
B.) Did any of this Gibbs Group EOD Group (Blackrock PIMCO , Metlife , Neuberger and Berman, and Kore Advisors} short OCN equity, HLSS equity, ASPS equity, RESI equity, shorted the bank debt, corporate bonds, or credit derivatives of any of these Ocwen related entities prior to the release of the EOD notice?
Did any friends or family members connected to the above short the securities ahead of the EOD notice?
Did any of this group pass inside information about the EOD notice to other investors in their network or other dealers with whom they trade with?
They all knew this legal EOD notice was coming and might have guessed that a bombshell in fact did make OCN's and all these other stocks get pretty much cut in half after the release happened.
The House and Senate should open up an investigation to see if in fact any impropriety was done that broke federal or state laws regarding trading on material and nonpublic pending information. The SEC should look into this.
This is all important to the current Dodd frank and the CFPB suggested reform. This is an example of the CFPB and potentially State AG's collaborating so closely with the private sector that these agencies could have actually helped set these folks up for insider trading violations and the lines between regulations might have mistakenly been blurred into the public sector.
C.) Did any of this group or other short sellers get inside information from collaborating with the CFPB or State AG's like the NY DFS or California DBO and know that these actions were coming?
If they shorted any of these stocks after being tipped off by regulators as the short interest did skyrocket on OCN just before the NY DFS order against Ocwen, a slew of market participants should be looked at to see if they were lobbying this same phony narrative to the State AGs and it is possible they received feedback from regulators that lead them to trade on material and nonpublic information if they were told enforcement was eminent.
Republican lawmakers should be very interested if these types of communications were in fact going back and forth between the CFPB and any public or private investment managers who have shown that their pro-foreclosure agenda favored higher returns on their more senior bonds in these deals at the expense of homeowners.
D.) I believe that the group provided this phony data and narrative to the CFPB, the NY DFS, and the California DBO and could have partially been behind the actions against OCN that regulators decided to take against Ocwen Financial.
I would hope that the CFPB did enough of their own homework on the facts in interpreting the data that might have been provided by this group, which we know now has been proven by Duff and Phelps to have no evidence .
This is at the very heart of the assertions that the Republican Chairman of the House Financial Services Committee is making against the director Richard Cordray.
The House Financial Services Committee Chairman , Jeb Hensarling should require the all members of the Gibbs and Bruns EOD RMBS Notice ( PIMCO, Blackrock, Neuberger Berman, Metlife, and Kore Advisors ) to testify before the House to investigate the above.
Did they had interactions with the CFPB that could be deemed inappropriate and further the case for Cordray's dismissal. The House should use their powers to subpoena all email communications between these parties and ask them to testify.
An investigation should be done by the House to discover if communications from outside investors with their own profit motives influenced the actions that the CFPB decided to take against Ocwen and other firms in the financial services arena such as PHH and others.
I believe the emails might be explosive.
E.) I believe that the above Gibbs and Bruns Group colluded with a hedge fund Blue Mountain.
Blue Mountain released a white paper spelling out that they thought all of the OCN, ASPS, HLSS, AAMC, and RESI ( all of the related companies) had an EOD on their bank debt. They released this notice on January 15, 2015.
The Gibbs Group ( PIMCO, Blackrock, Neuberger Berman, Metlife, and Kore Advisors) released their phony EOD claim on the 119 RMBS bond trusts serviced by Ocwen also on January 15, 2015.
Oh, and also on this same day , January 15th, 2015 , the California DBO took action threatening to suspend Ocwen's California License.
How on earth could this not be collusion? This hedge fund manager Blue Mountain, just by sheer coincidence, decided to publish a white paper saying that all of the public Ocwen companies affiliated bank debt were in an Event of Default on the exact same day as Kathy Patrick's Gibbs and Bruns issued a notice to the Ocwen RMBS bond trustees, that an EOD had occurred.
RICO? Collusion?
The House, Senate, and DOJ should be very interested if these members of the Gibbs Group were shorting OCN stock and related securities mentioned above, while colluding with other outside parties like Blue Mountain to release these damaging reports on the same day to earn the largest windfall possible on the short investments.
Why do this on the same day? Was Blue Mountain talking to the Giibs Group?
All of the emails between any of the Gibbs Group members and Blue Mountain should be discovered to see if any collusion was occurring and if there were parties that were trading ahead of this very damaging nonpublic information, most of which has now proven to have been false.
If Blue Mountain is shown to have known about the Gibbs Phony EOD notice in advance and traded on this material nonpublic information, then Blue Mountain should be investigated for insider trading. The emails will wind up showing everything.
The case against Steve Cohen's SAC capital just moved forward after the appellate court of New Jersey said there is enough evidence to proceed and some of the allegations are similar discussing providing phony research to regulators, racketeering, false research reports released to the public, short selling, tort claims, and collusion with others.
F.) Unlock the key to the Puzzle - The Gibbs Group data expert: Scott Gimpel
The data expert for the phony data for the Gibbs Group members is Scott Gimpel. He worked for over 20 years at RBS Greenwich and now has his own research firm called Webbs Hill Advisors. He gained enormous credibility in the RMBS community when he correctly predicted that certain RMBS deals that had a loan modification called "forbearance" might wind up triggering giant losses if the trustee instructed the servicer to rethink the treatment. He was right. He had quite a few other very astute observations regarding loan level data servicers and loved to talk about data he found in the loan files that didn't add up or he would talk about the all-time biggest principal mod reductions of all time. His nerdy data commentaries were also laced with some humor. I would have thought he has quite a bit of credibility.
He now I think has a subscriber base to his weekly data comments of about 30 institutional investors that are paying him about 30k a year each.
One market participant that knows Scott said that he confided to him that:
i.) He regrets taking on the Gibbs assignment
ii.) The data was twisted around and did not reflect much of the work he did.
If it turns out that Cordray at the CFPB relied on this phony narrative from these large RMBS investors, a good place to start would be calling in Scott Gimpel to testify to the House regarding the exact work he did mining data that was presented in a way that accused Ocwen as such serious offenses as "missing money" or "fraud." Scott Gimpel interviewed with my firm and then decided to leave RBS Greenwich and his first assignment that made him any meaningful money was the contract with the Gibbs and Bruns Group. He asked me for 1mm salary or 1mm guarantee. I said no.
How much was he paid by this group?
The House should conduct an investigation to see if this data expert was in email communication or other communication with the CFPB. Again, the data analysis in the EOD complaint was found to have no evidence by Duff and Phelps founded in 1932. The Gibbs data expert was a guy that was a one or two man band firm that quit a primary dealer and took on this assignment pretty much as his first client.
G.) Gary Kosinsky, Kore Advisors (Member of the Gibbs phony EOD notice)
Ring leader of phony data campaign among the Gibbs Group?
My broker dealer, United Capital Markets has been counterparty over the years trading RMBS securities with Kore Advisors and Gary Kosinsky. Over about 12 years, I took Gary off of my email loop showing my extensive list of offerings discussed above three times for periods of at least one year each. Many times he would ask to be put back on. Normally broker dealers do not cut off customers. Broker dealers are always trying to get more business and more customers. I think that, without getting too much into it, that the interactions I had with him I felt in some cases were not in my best interest.
1.) Kosinsky Part one
Shortly after I wrote my letter to Moody's Investor Service on March 3, 2015, Gary called me and let me know a yacht he chartered that was anchored off my house on Key Biscayne. He invited me to quit work early on a Friday, that normally I would never do, and join him aboard this yacht he got for some college buddies in town for a bachelor party.
After I got on board, he seemed very interested in convincing me not to support Ocwen and how wrong I was to have published my letter to Moodys Investor Service discussed above supporting Ocwen's performance as I knew it at that time as a RMBS bond investor. I told Gary, why are you doing this? You and I both made a fortune owning the low dollar Ocwen Mez/Sub bonds that have tripled or quadrupled in price over the last few years.
He bragged to me that he was on the committee for the settlement against Bank of America, also represented by Kathy Patrick and the Gibbs and Bruns Law firm. He said he was on the "servicing practices committee" and had a hand in the settlement that made Banc of America agree to change their own servicing behavior to suit the interests of that group. These two Gibbs groups were pretty much the same meaning the Bank of America suit and the Ocwen EOD suit had the vast majority of the same members.
Considering Gary said he was in the servicer practices committee in the Gibbs litigation against Bank of America for the Rep and Warranty claims, which I wholeheartedly supported, I believe that Gary worked again on servicer practices against Ocwen and was very involved in building the EOD notice all for "servicing practices" violations that could create an EOD.
At this meeting on the yacht he chartered, he told me a string of very surprising things about Ocwen and their management such as:
I believe that Gary was trying to convince me to pull any support I showed to Ocwen through my Moodys letter. I think he thought I was supportive because I had told him, and he likely was well aware that I made a very large amount of money, in the higher tens of millions of dollars as a result of investing in Ocwen's lower prices riskiest bonds in the RMBS deals over the prior few years up until this meeting.
At the end of this get together I told Gary I had recently bought 500-600k shares of Ocwen taking a "Yo" of sorts as I don't invest in equities. This seemed to make him somewhat uncomfortable and I had a small boat kept at my house come and take me back from his chartered yacht very shortly after.
The SEC should ask Kore Advisors if they were shorting Ocwen's stock, corporate bonds, credit default swaps on corporate bonds, or any other equities of the Ocwen public affiliates prior to releasing this EOD notice.
T he House and Senate should want to call Mr. Kosinsky to testify if he in fact had communications with the CFPB. This individual and others in the Gibbs and Bruns (RMBS EOD claim) could be at the heart of the CFPB gone wild crossing the line between the public and private sectors.
If it is found that the CFPB relied on data from Mr. Kosinsky of a 1bb hedge fund, who was also short the OCN equity or the equity, debt, or derivatives of any of the related companies, and working with a data expert in a two man firm, I think Trump would easily be able to ask for his resignation.
Maybe other Gibbs group members were misled by Mr. Kosinsky's possible ulterior motives. I think an investigation speaking with all of the parties involved will uncover the truth.
This EOD should be construed by any regulator to have such non-public information contained therein, that securities should have been on a restricted list as is common ahead of such actions to prevent trading on nonpublic information. As I mentioned earlier above, providing knowing false information to the public is fraud.
And putting out false public statements and trading on those false statements is securities fraud.
The House or Senate should be very interested to find out if Gary met with the CFPB and provided any information or data to the CFPB regarding Ocwen Financial or any of their affiliates and if in fact the CFPB relied on data that might have been represented to them as a "concerned RMBS bondholder" alleging this EOD of the bond trusts when he really might have had other profit motives such as being short the financial products of the related OCN companies.
A quick subpoena of his fund trading blotters and personal accounts will give the House and Senate the answers as to if he was conflicted by a short equity position in OCN. A subpoena of his emails and phone calls will show if there was collaboration with the CFPB.
I was so surprised by the comments he made during this exchange surrounding Ocwen that I took very detailed notes of his statements just minutes after the conclusion of the meeting. I can share these notes with any regulator that asks me for them.
2.) Kosinsky Part 2
Phone call (Months after the EOD notice) - As the Ocwen fight started to bubble over, Gary Kosinsky of Kore Advisors and I spoke on the telephone and told me, " We have Scott Gimpel, everyone will believe him and no one will believe you." Are his comments to me talking about "perception" and "influencing the media" or "influencing the share price" or "influencing the trustees to declare an EOD on the RMBS trusts?"
It's funny, but shortly after the EOD notice from the Gibbs Group came out, I called Scott Gimpel as the data examples in the EOD notice seemed very similar to his weekly research reports that he put out at RMBS Greenwich and asked Scott Gimpel on the telephone, "This Gibbs Report seems like you are involved, are you their expert? Scott Gimpel told me "not me." Why would he lie?
I found out that Scott Gimpel was the Gibbs data expert from Gary Kosinsky on this phone call arguing with me about how bad Ocwen was and how much money I was going to lose as an Ocwen shareholder.
h.) PIMCO
Pimco has been a trading counterparty of my broker dealer United Capital Markets going back to 1999 or 2000. I believe I was one of the first dealers to sell Pimco high risk low priced distressed structured finance bonds. Until now, because of their EOD notice to the 119 Bond trustees, I have always enjoyed a good relationship with Pimco and respected the members of the trading and research teams. There were times that I was asked to include dozens of Pimco team members on my daily excel offer list that commonly showed 100-300 unique bonds on my list framing up where these low priced bonds were actually "offered." The majority of my investing and principal inventory following the 2008 financial Crisis focused on investing in the riskiest pieces of subprime bonds.
The activity I have done with Pimco over the years wound encompassing over 50 unique accounts that Pimco manages according to out trading records. Starting in the summer of 2012, I sold Pimco into various accounts, a string of low priced subprime bonds at from $2 to $35 prices many/most of which were serviced by Ocwen. Without saying our total volume of trades we have done with Pimco it's a big number well over 200+mm.
The observation I would make now looking at all of this in hindsight, PIMCO was taking advantage of the same opportunist trades in lower prices subprime serviced Ocwen bonds in 2012, 2013, and 2014 just as I was doing.
This area likely provided some of the best returns I have ever seen in my 20 year career. Many of these trades were going up 50-150% per year from 2012 to 2015. Pimco was well known away from my firm to be a very big buyer of the riskiest tranches of the subprime deals and I would assert they made a bundle just like I did in those years. By the time, 2015 rolled around, and by no coincidence, around the same time that these mez and sub bonds hit their Peak trading levels in the 60's, 70's, 80's, and even 90's prices, Pimco turns around and pushes this "pro-foreclosure agenda."
You see, in 2015, these sharp gains on the mez/sub bonds had run its course and the senior bonds also stalled out in their price gains.
How do you now make more money when the senior bond and the mez/sub bonds price gains enjoyed every year from 2009 to 2015 finally stalled out? They should influence servicer behavior like what they successfully did with the settlement with bank of America.
Why not? Pimco and the rest of the group felt very powerful for successfully winning a mandate from the giant Bank of America to actually change their servicing practices in a way that Pimco and the others wanted. This was in addition to the 8.5bb that Bank of America agreed to pay for rep and warranty violations that were pretty clearly owed as spelled out in the RMBS bond indentures. This group got a giant bank to change their servicing practices to bend to an investor groups wishes.
The servicer should have the courage to interpret the Pooling and Servicing Agreements and interpret this contract themselves. I think this win against Bank of America gave the Gibbs Ocwen EOD group confidence and credibility that they could continue their collaborations to force servicers to either move servicing, change their servicing practices in their favor, and continue to collaborate with regulators. The 8.5bb settlement with BAC was closely watched by many regulators every step of the way as many parts of the government was also suing Bank America for similar or slightly different claims. For sure, this put Gibbs and these investors right in the middle of this opportunity to influence regulation.
Did Pimco or others that knew of the EOD Ocwen RMBS claim dump their Ocwen RMBS bonds prior to the release?
It's also possible, that Pimco knowing that it was possible that their EOD notice attempt against Ocwen would be successful, sold all of their Ocwen serviced MEZ/SUB risky bonds ahead of the EOD notice thinking that if Ocwen quit doing the mods that in fact were responsible for the giant aforementioned gains, that they would now have been smart to sell their Ocwen bonds back into the market before a movement to another servicer occurred that any industry expert would testify would greatly hurt the riskiest tranches Ocwen serviced bonds.
So, the question becomes, did Pimco and others in the Gibbs and Bruns Group sell off certain bonds of Ocwen knowing their damaging EOD notice could impact current pricing from "perception" as well as future fundamental value had they been successful in their EOD campaign to move Ocwen's servicing somewhere else?
Would trading in RMBS bonds ahead of the known EOD notice constitute insider trading?
Would this breach of their own compliance procedures for not trading on nonpublic information?
The Ocwen bonds I was holding did go down following the EOD claims from the Gibbs group. I know my large positive of Ocwen serviced risky bonds took a hit.
Did Pimco sell Ocwen equity, short Ocwen corporate bonds, or sell ( shorting) credit default swaps on Ocwen corporate bonds, did they sell or short Ocwen bank debt sell or sell short any of the equity or debt of any of the related Ocwen public affiliates prior to this EOD release. Pimco has a very successful "go anywhere" hedge fund that has disclosed it trades credit derivatives and can go either long or short in equities and bonds.
I don't think that Republican Politicians will get a fair read on the possible interactions between the CFPB and these very powerful investors until some of the above is discovered.
Did PIMCO use its influence and credibility to push their pro-foreclosure agenda by picking on a small mortgage servicer with phony accusations that have now been proven to have no evidence?
g.) Fortress / New Residential / Nationstar
I do not believe that NRZ wants to Hurt Ocwen. He paid a very large amount of money to buy HLSS for some 950mm. A servicing transfer would be disastrous to higher prepays, higher delinquencies ( more interest expense paid on advances), and higher default rates. NRZ owns an IO. When you own a IO you want the unpaid principal balance to go down as slowly as possible. By far, ocwen has the best performance to this subprime IO far better than NSM who is refiing many more loans into FHA or GNMA.
NRZ needs diversity away from NSM.
I woudnt be suprised to see NRZ say that Ocwen has done a good job. Not saying this hurts the already successful partnership between OCN and NRZ.
Although i think that NRZ is and has been opportunistic in the past, there is not much more that NRZ can actually get out of Ocwen.
Back To Ocwen: Why recent blast from CFPB? Political?
Why is Ocwen attacked now? Does it make sense with the positive reports from the NY DFS?
It makes no sense that the NY DFS just graduated Ocwen from their monitoring program that for 2 years tested Ocwen and passed them on 170/170 specific metrics, at a cost of over 75-100mm to Ocwen. The anecdotal allegations in the CFBP and State AG cases discussing legacy issues from 2013 to 2015 and are not giving credit to the work NY DFS did.
How on earth did the NEW York Monitor not find these alleged wrong doing after all of this intense third party scrutiny? By far, New York is the most powerful State in the Union as a regulator of banking and mortgage servicing and origination.
The whole system is broken.
What should Ocwen equity and bond investors think about risks going forward? BUY/SELL/HOLD?
I've been working 18 hour days for over a week since this bomb went off and am determined to fight back with unrelenting energy protecting my own investment and that of others. This paper lays out what I think has gone wrong for the last two years and again recently. I wasn't sure if I should speak up, but after I realized how political and dirty this entire narrative has been - I want Republican lawmakers to all call me, contact me, and call me to testify. I am a top trader of subprime mortgage bonds and have been doing it longer than 90% of all participants out there.
I hope to help uncover the truth of the large money managers (unlimited deep pockets for civil litigation) creating this phony narrative to benefit their own profits at the expense of homeowners and OCN/ASPS investors. If their emails at some point are discovered, and show among other things other serious offenses like trading on non-public information, collusion, or knowingly putting out false information the tides could turn in OCN/ASPS favor big time. Could be billions.
My take is, I do not believe that the CFPB and the States are looking to put Ocwen out of business. They are looking to make sure that OCN cannot buy any new MSR's since New York's deadline was just weeks away to granting OCN ability to grow again in all 50 states. This is very political. Most of the states that signed on to block new MSR purchases are all Democratic States that are rallying behind the CFPB's director Cordray who was reportedly asked by both Trump and Gary Cohen ( Trump's director of the National Economic Council) to step down. Jeb Hensarling, the Chairman of the House's Financial Services Committee recently blasted Cordray during his testimony to the house and listed reasons why Trump has basis to fire Cordray for Cause.
Another Mortgage Servicer, PHH recently had a CFPB fine of 109mm against them overturned and the DC Court of Appeals that stated that the CFPB structure is unconstitutional because the director does not answer to the House or Senate or even the President and therefore has unlimited power. This court ruled the President can fire the director of the CFPB for cause and continued to overturn the CFPB penalty against PHH. The CFPB is appealing.
It seems that OCN was willing to take their chances fighting the CFPB (based on the PHH case) and did not wish to settle for again after already paying the CFPB over 100mm in 2013.
Inside mortgage Finance just reported: "Ocwen, by the way, hinted in an earlier SEC filing that it was in talks with the CFPB and might be the subject of a regulatory action. Sources told IMFnews that the agency was seeking a settlement of about $50 million but Ocwen balked at the price tag."
I wish, in hindsight, after seeing all the carnage, that Ocwen just paid the 50mm ransom money preventing the recent coordinated onslaught where clearly the CFPB has now involved a new strategy of having the MMC ( Multi-State Mortgage Coalition) enjoin the action against OCN with the cease and desist order mainly blocking OCN from buying MSR in their states among other things.
It's interesting to note, that Ocwen is now in the same place they were for the last three years. They cannot buy MSR's.
However the good news is that they are now no longer paying 100-120mm/year that they paid over the last two years to the NY DFS, California, and CFPB monitors.
The CFPB monitor I think was only about 5-10mm out of that number so OCN's saving in this expense will now be likely far far lower than responding to the CFPB and the states. The case fighting the CFPB complaint almost certainly would only come up in over a year when the director of the CFPB might be gone. He announced he is very likely to run for the Governor of Ohio and so he would need to voluntary step down before the end of his term in July 2018 but having Cordray removed beforehand by Trump is becoming more and more likely. The Chairman of the House Financial Services Committee, Jeb Hensarling is Cordray's worst enemy. He said and you can read more of the story on the below link:
"For conducting unlawful activities, abusing his authority and denying market participants due process, Richard Cordray should be dismissed by our President," Hensarling said.
And according to Hensarling, Cordray isn't the only problem; it's also the CFPB as currently structured.
"Not only must Mr. Cordray go, but this current CFPB must go as well," Hensarling said.
"Today, Mr. Cordray and his CFPB don't just act as a cop on the beat, they act as legislator, prosecutor, and judge and jury all rolled into one," Hensarling said. "The CFPB represents the summit of unelected, unaccountable and unconstitutional agency government. It represents a dagger aimed at the heart of our foundational principles, namely co-equal branches of government, checks and balances, due process and justice for all."
Hensarling closed his speech by again comparing the CFPB to a tyranny, a parallel he drew recently .
This Housing Wire article, "Hensarling to Cordray- You deserve to be fired immediately."
It does appear that OCN has been caught up as a pawn in a battle for power. Chairman Hensarling blasted Cordray in his appearance before the house, and then two weeks later Cordray sent out the most powerful and coordinated attack ever unleashed by the CFPB and unfortunately the recipient was Ocwen. I didn't see this coming.
The Democratic States and CFPB made a significant assault and I am hopeful and trusting that the Republicans like Hensarling and others will take up the fight on the other side. If you think the Republicans will fight back, buy OCN and ASP{S at these throw away levels.
I have been informed by those close to this situation that Hensarling is very interested in what has happened to Ocwen.
It's possible that the recent CFPB Cordray blast might actually be good for Ocwen in the end if some of the stuff I am writing about in this paper regarding "misrepresentations" or having bad behavior by others are pursued at some point in tort litigation by Ocwen or ASPS. It might be that Republican lawmakers get to the bottom of what really happened because of Cordray's "Giant FU"
An excellent white paper by law firm, Squire Patton Boggs, can be found on this link "Is The Future of the CFPB in Jeopardy" . The paper starts out discussing the case against mortgage servicer PHH who also was the target of the CFPB's overreach:
Excerpt 1: Squire Patton Biggs white paper: "Is the future of the CFPB in jeopardy"
The underlying dispute first arose in 2015, which resulted in a CFPB administrative law judge's recommendation of a US$6.5 million fine against PHH for allegedly requiring unlawful kickbacks from mortgage insurers in violation of Section 8 of the Real Estate Settlement Procedures Act (RESPA). PHH appealed that decision to CFPB Director Richard Cordray, who rejected its arguments and then increased the fine to US$109 million.
On October 11, 2016, the DC Circuit vacated the US$109 million enforcement order by the CFPB, finding that not only was its interpretation of RESPA unreasonable, but that the CFPB's structure is too unaccountable to be constitutional and poses an opportunity for the Director to abuse his power. To remedy this potential for abuse of power, the Court ordered that the CFPB would no longer be an "independent" agency, but "now will operate as an executive agency" and that President Trump "now has the power to supervise and direct the Director of the CFPB, and may remove the Director at will at any time." This decision has been stayed pending the results of the rehearing.
Excerpt 2: Squire Patton Biggs white paper: "Is the future of the CFPB in jeopardy"
Legislative Developments
While the PHH case continues to progress toward the May rehearing, Congressional Republicans continue to introduce legislation seeking to curb the CFPB's regulatory authority or eliminate the Bureau entirely. Though the agency was created to protect consumers, there is a growing argument by many conservatives that the Bureau is an "unaccountable Leviathan" that often takes action that exceeds the scope of its authority. Although the CFPB faces obstacles in the PHH case on the structure of its governance, it is important to note the obstacles in Congress could affect its very existence, at least in its present form.
Reform Legislation Pending in Congress
Several measures to reform the Bureau are pending in the Senate and House of Representatives. These bills can generally be broken down into two categories: (1) those that would eliminate the CFPB entirely, either through defunding or repealing certain provisions of Dodd-Frank that gave life to the Bureau; and (2) the more modest reforms that would maintain the existence of the CFPB, but dramatically alter or restrict its authority.
What about Ocwen's balance sheet?? Are they in trouble like a coupe States asserted?
First, as mentioned above, Ocwen's projected expenses for this year even by the most negative analyst as far far below that of 2016 and 2015 as the monitor expense now is OVER. Most firms expect OCN to have a small loss for this entire year. This isn't a disaster responding to the states and the CFPB case. Hopefully, the CFPB just goes away and is neutered.
Ocwen reported having 257mm of cash 12/31/2016. I kind of wish they had just paid the extortion money with all the cash they have. Ocwen remains the least levered of any of the financial firms with one unit of debt and one unit of equity after taking out the "servicer advances" and "reverse mortgage asset and liability" that should not be included in the leverage calculation as these monies are owed by the RMBS trusts and are paid at the top of the RMBS waterfall and in the case of reverse they are just listing the government backed HECM bonds already sold as required by law for HECMS.
Any risks of insolvency are totally irrational based on all of this cash. They have 275mm of cash, expect to get about 150mm of free cash flow this year - against 330mm of bank debt and 350mm of 2nd lien corporate bonds. There is little risk of any failure of the company. If you think this is political than there is very strong value. Ocwen has $5.27 plus another $4.0/share of assets that are marked at zero in their balance sheet but have value ( Click this link for Ocwen's 4th Quarter Company Presentation page 11 ) This is trading at $2.29/$9.29 or 24% of the "adjusted tangible book value." If you don't think the CFPB + these almost entirely democratic states are trying to put Ocwen out of business this trade makes tons of money from here. If the company is sold it makes quite a bit of money. If the assets are sold, equity shareholders make quite a bit of money. There seems to be very little downside from here unless you think that the CFPB and the States are trying to put Ocwen out of business.
On last Friday, Compass Point, who previously lowered their ranking from a "BUY" to a "neutral", recently recommended Ocwen as a "BUY" and listed a 12 month price target at $3.5 taking into account all of the political risks described above and discussing asset valuations and low leverage.
Short selling- OCN and ASPS Giant Flows Attack again - Its always 2/3 times a year.
The short selling attack on last Thursday (the big drop) reported on "shortstockvolume.com" was 10.1mm shares shorted on Thursday and 8.2mm shares shorted on Friday of last week, and then 3mm on Monday. The record number of all time on this website was 5.8mm in the last 3 years that occurred on the day that the Gibbs and Bruns EOD notice declaring a default on Ocwen's RMBS bonds and 3.7mm shares were shorted the day that NY DFS settlement was announced on 10/21/2014. These short flows by these unethical short sellers are out of control. These very large flows are what moved the price down very meaningfully on OCN to try and get holders to dump their shares at these prices.
I also believe the guys that were squeezed on the ASPS trade as they lost lending nailed the heck out of OCN as much as they could.
Generally, after many of these prior attacks, the shorts start to cover in the second week and the price starts to come back up as the shorts need to cash out to lock in their profits. Shorting on ASPS was 1.0mm shares on Thursday and .79mm on Friday of last week. The all-time record on ASPS is .55mm in one day. I can't understand how exactly shares got shorted as there are no shares available to borrow.
This would be "naked short selling" that is illegal and someone should file a whistleblower complaint to the SEC to investigate those flows.
The rate to borrow rate ASPS remained at 148% for Thursday's activity on shortside.com can be found on this link that is data provider selling data from a co-op of members in the stock loan market that I was told is about 70% of the stock loan market. Another data servicer called "S3 Blacknight" reported that as of the "open on Friday" ASPS borrow rate for their estimate of the entire universe of borrowers was 78.6% can be found on this link.
Either rate is unsustainably high for the ASPS shorts to continue to pay. It's possible that some holders that were alarmed by the price drop have sold their shares freeing up somewhat new shares for shorts to borrow but these rates are not suggestive that the imbalance between the "available shares to borrow" and the "outstanding short amount" has materially changed enough to fix the serious issue of a serious deficit. There should still be 1.5mm to 2.5mm of ASPS shares that still will not locate a loan and will have to be bought in.
I do not believe that the top four holders away from me have not sold any shares nor have they started lending their shares. Regulation SHO is still in place that says there are current "fails" in the market will be bought in on the 13th day of the fail required by the SEC law.
I would recommend that ASPS management looks into if there has been any illegal naked short selling. There was a very famous case where Overstock.com had a similar situation and prevailed suing a host of folks that were found to have committed illegal acts including the short sellers and dealers that broke rules in their handling of the stock loans.
On April 27th, Fairfax financial who has been battling a case against short sellers for 10 years just won a victory in New Jersey appellate court letting a 8bb case against Steve Cohen's firm to proceed. Steve Cohen's Point 21 firm reported in filings that they are short ASPS. Click this link for the recent Appellate court ruling with explosive allegations. Other market participants alleged to have participated in the scheme such as Third Point, Exis Capital, Morgan Keegan, Kynikos, and Rocker Partners seem to have got off as the New Jersey Venue did not have power to enforce racketeering ( RICO ACT) and conspiracy claims and it seems that some statute of limitations prevented some defendants case to progress. The lawyer in this Fairfax case likely now has more experience in bring these types of cases than he had before after such a long battle. I recommend management or others reach out to this attorney. The allegations are pretty explosive: they allege created phony research, RICO claims of racketeering, market manipulation, insider trading ahead of material news and research, showing fake research to the SEC and FBI, sending phony research to rating agencies in an effort to downgrade the bonds, sending phony info to AM Best an important rating agency for the insurance business, conspiring together to create phony research through newly formed shell research firm that housed inside the office of one of the short sellers. Mr. Spyro Contogouris, the new researcher, even had office space inside the short seller Exis capital. Mr. Spyro Contogouris by the way was arrested by the FBI, charged, and indicted for fraud on another matter.
More on the relationship between indicted Mr. Contogouris and the short sellers in the Fairfax case can be found here:
More on the relationship between indicted Mr. Contogouris and the short sellers in the Fairfax case can be found here:
It seems very fishy that as ASPS interest rate went to a peak of 160% on the data service shortside.com - these actions from CFPB/the 20 States of the MMC ( Multistate Mortgage Coalition- mainly very small democratic states in the union) come down the pipe. This might somewhat prove that their might have been cooperation and collusion between the short sellers and regulators. Maybe this is stretch but maybe not? The Fairfax case alleges that the short sellers were feeding phony info to the SEC and the FBI and the rating agencies.
ASPS recently reported earnings on 04/27 and beat the street analyst estimates of EPS by 12% and beat the estimate of revenue by 5%. ASPS announced 4 material new client wins adding to the 400+ clients they serve that are not Ocwen.
There owners.com retail real estate marketplace grew again exponentially increasing retail real estate closing in their new online retail real estate business by 91% over the fourth quarter closing 137 homes. They stated that they are currently working with 1,300 active clients now in April up from 900 clients in February a 44% jump in just 2 months pointing to another likely big jump in real estate closing for the 2nd quarter. This business as I have discussed previously could wind up being very valuable into the future if this exponential growth continues. They are charging just a 1.5% commission to represent home buyers with full service brokers using iPhone app's and various technology to create an Uber like displacement of the real estate marketplace. There were 89bb of real estate commissions earned last year in the US so if ASPS is successful in getting just a fraction of this business the revenues to them could be enormous.
RESI: As much as I love RESI and strongly recommend investors to buy RESI considering all of the SFR players trade at 1.23x NAV and RESI 's NAV is at $19.11, I sold all of my over 5% stake in RESI recently to raise some cash reacting to the recent volatility and turmoil found in OCN and ASPS. RESI seems to have very good liquidity in light of heavy selling. I would recommend buying RESI hand over fist as RESI in no way is mixed up in any of this OCN stuff and is deeply undervalued as compared to the SFR peers.
I've been hurt by these recent actions and intend to vigorously fight back as discussed above. I believe in both companies and their management and feel that although risks have increased with this regulatory action the recent prices now represent in my opinion very deep value for buyers.
I have spoken to the CEO's of both companies and they are resolved to make every effort to protect shareholder value and I hope they consider taking more aggressive actions in the future if they can determine that bad behavior by others might result in a tort claim.
Best case scenario? Hensarling starts asking a lot of questions about why the CFPB took such aggressive actions and hauls in some of the folks I am saying had serious bad behavior. This CFPB attack might have the unintended consequence of making bad behavior by others involved become uncovered and this would vary greatly help Ocwen with Civil litigation down the road.
John
See also Huntington Bancshares: It Should Be Obvious on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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All current and prior owners of Home Loan Servicing Solutions (NASDAQ: HLSS ), (Altisource Asset Management (NYSE: AAMC ) and Altisource Residential Corporation ( NYSE: RESI ) RESI equity and debt instruments that were owned between the periods of 2013 and present. Basically, the Gibbs group created in my opinion a phony list of allegations found in this link in an effort to profit off their equity OCN, ASPS, HLSS, RESI, and AAMC short positions as well as to transfer servicing away from Ocwen to another servicer that would make their RMBS bonds slightly more money in their pro foreclosure agenda. Blue Mountain released a white paper spelling out that they thought all of the OCN, ASPS, HLSS, AAMC, and RESI ( all of the related companies) had an EOD on their bank debt.
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All current and prior owners of Home Loan Servicing Solutions (NASDAQ: HLSS ), (Altisource Asset Management (NYSE: AAMC ) and Altisource Residential Corporation ( NYSE: RESI ) RESI equity and debt instruments that were owned between the periods of 2013 and present. Basically, the Gibbs group created in my opinion a phony list of allegations found in this link in an effort to profit off their equity OCN, ASPS, HLSS, RESI, and AAMC short positions as well as to transfer servicing away from Ocwen to another servicer that would make their RMBS bonds slightly more money in their pro foreclosure agenda. Blue Mountain released a white paper spelling out that they thought all of the OCN, ASPS, HLSS, AAMC, and RESI ( all of the related companies) had an EOD on their bank debt.
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All current and prior owners of Home Loan Servicing Solutions (NASDAQ: HLSS ), (Altisource Asset Management (NYSE: AAMC ) and Altisource Residential Corporation ( NYSE: RESI ) RESI equity and debt instruments that were owned between the periods of 2013 and present. Basically, the Gibbs group created in my opinion a phony list of allegations found in this link in an effort to profit off their equity OCN, ASPS, HLSS, RESI, and AAMC short positions as well as to transfer servicing away from Ocwen to another servicer that would make their RMBS bonds slightly more money in their pro foreclosure agenda. Blue Mountain released a white paper spelling out that they thought all of the OCN, ASPS, HLSS, AAMC, and RESI ( all of the related companies) had an EOD on their bank debt.
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All current and prior owners of Home Loan Servicing Solutions (NASDAQ: HLSS ), (Altisource Asset Management (NYSE: AAMC ) and Altisource Residential Corporation ( NYSE: RESI ) RESI equity and debt instruments that were owned between the periods of 2013 and present. Basically, the Gibbs group created in my opinion a phony list of allegations found in this link in an effort to profit off their equity OCN, ASPS, HLSS, RESI, and AAMC short positions as well as to transfer servicing away from Ocwen to another servicer that would make their RMBS bonds slightly more money in their pro foreclosure agenda. Blue Mountain released a white paper spelling out that they thought all of the OCN, ASPS, HLSS, AAMC, and RESI ( all of the related companies) had an EOD on their bank debt.
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8769.0
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2016-12-30 00:00:00 UTC
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Friday Sector Leaders: REITs, Real Estate Stocks
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AAMC
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https://www.nasdaq.com/articles/friday-sector-leaders-reits-real-estate-stocks-2016-12-30
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nan
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nan
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In trading on Friday, reits shares were relative leaders, up on the day by about 0.8%. Leading the group were shares of Kilroy Realty Corporation ( KRC ), up about 2.9% and shares of Cbl & Assoc Properties ( CBL ) up about 2.6% on the day.
Also showing relative strength are real estate shares, up on the day by about 0.5% as a group, led by Altisource Asset Management ( AAMC ), trading up by about 3.9% and Nam Tai Property ( NTP ), trading up by about 2.8% on Friday.
VIDEO: Friday Sector Leaders: REITs, Real Estate Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are real estate shares, up on the day by about 0.5% as a group, led by Altisource Asset Management ( AAMC ), trading up by about 3.9% and Nam Tai Property ( NTP ), trading up by about 2.8% on Friday. In trading on Friday, reits shares were relative leaders, up on the day by about 0.8%. VIDEO: Friday Sector Leaders: REITs, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are real estate shares, up on the day by about 0.5% as a group, led by Altisource Asset Management ( AAMC ), trading up by about 3.9% and Nam Tai Property ( NTP ), trading up by about 2.8% on Friday. In trading on Friday, reits shares were relative leaders, up on the day by about 0.8%. VIDEO: Friday Sector Leaders: REITs, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are real estate shares, up on the day by about 0.5% as a group, led by Altisource Asset Management ( AAMC ), trading up by about 3.9% and Nam Tai Property ( NTP ), trading up by about 2.8% on Friday. Leading the group were shares of Kilroy Realty Corporation ( KRC ), up about 2.9% and shares of Cbl & Assoc Properties ( CBL ) up about 2.6% on the day. VIDEO: Friday Sector Leaders: REITs, Real Estate Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are real estate shares, up on the day by about 0.5% as a group, led by Altisource Asset Management ( AAMC ), trading up by about 3.9% and Nam Tai Property ( NTP ), trading up by about 2.8% on Friday. In trading on Friday, reits shares were relative leaders, up on the day by about 0.8%. Leading the group were shares of Kilroy Realty Corporation ( KRC ), up about 2.9% and shares of Cbl & Assoc Properties ( CBL ) up about 2.6% on the day.
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8770.0
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2016-05-09 00:00:00 UTC
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Financial Sector Update for 05/09/2016: AAMC,CRD-B,LC
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-05092016-aamccrd-blc-2016-05-09
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nan
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nan
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Top Financial Stocks
JPM -0.52%
BAC -0.67%
WFC -0.04%
C -1.08%
USB -0.43%
Financial stocks were little changed in late trade, with the NYSE Financial Sector Index dropping less than 0.1% while financial companies in the S&P 500 Index were climbing less than 0.1%.
In company news, Altisource Asset Management Corp. ( AAMC ) soared on Monday after paring a huge year-ago Q1 net loss.
Net loss attributable to shareholders during the three months ended March 31 of $940,000, or $0.50 per share, significantly improving on a net loss of $8.9 million, or $4.12 per share during the same quarter last year. Revenue declined 94% year-over-year to $4.8 million from over $88.9 million in revenue last year.
No analyst estimates were available for comparison.
Altisource shares have fallen 26 percent since the beginning of the year. The stock has fallen 94 percent in the last 12 months.
AAMC shares were up almost 48% at $18.70 apiece after earlier reaching a session high of $19.52 a share.
In other sector news,
(+) CRD-B, Excluding one-time items, earns $0.16 per share during Q1. Revenue dips 3.9% to 277.2 mln. Sees FY16 EPS of between $0.67 to $0.77 per share and revenue in a range of $1.05 bln to $1.1 bln. Analyst estimates were not available.
(-) LC, CEO, three other senior executives resign after selling $22 mln of non-conforming, near-prime loans to an accredited institutional investor in March and April, later buying back the loans and reselling them to another investor.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Altisource Asset Management Corp. ( AAMC ) soared on Monday after paring a huge year-ago Q1 net loss. AAMC shares were up almost 48% at $18.70 apiece after earlier reaching a session high of $19.52 a share. In other sector news, (+) CRD-B, Excluding one-time items, earns $0.16 per share during Q1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In company news, Altisource Asset Management Corp. ( AAMC ) soared on Monday after paring a huge year-ago Q1 net loss. AAMC shares were up almost 48% at $18.70 apiece after earlier reaching a session high of $19.52 a share.
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In company news, Altisource Asset Management Corp. ( AAMC ) soared on Monday after paring a huge year-ago Q1 net loss. AAMC shares were up almost 48% at $18.70 apiece after earlier reaching a session high of $19.52 a share. Financial stocks were little changed in late trade, with the NYSE Financial Sector Index dropping less than 0.1% while financial companies in the S&P 500 Index were climbing less than 0.1%.
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In company news, Altisource Asset Management Corp. ( AAMC ) soared on Monday after paring a huge year-ago Q1 net loss. AAMC shares were up almost 48% at $18.70 apiece after earlier reaching a session high of $19.52 a share. Top Financial Stocks
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8771.0
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2015-10-03 00:00:00 UTC
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Doctors Make This Much Money. How Do You Compare?
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AAMC
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https://www.nasdaq.com/articles/doctors-make-much-money-how-do-you-compare-2015-10-03
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nan
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nan
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In addition to the income that physicians make by treating patients, they can also earn money by providing expert witness testimony, selling products, or speaking at conferences.
Overall, orthopedics make the most money from these other activities, while radiologists typically make the least. Last year, the average orthopedic physician earned $29,000 from these other income sources, while radiologists earned an average of $6,000. Across all specialties, the average amount taken home each year from these non-patient care activities totals $15,800.
More to the story
Although physicians earn big pay checks, they're also saddled with big debt, work long hours, and are often dissatisfied by their work.
The median cost associated with attending a public medical school reached $34,133 for residents and $59,262 for non-residents last year, according to the Association of American Medical Colleges (AAMC). Two years ago, the median cost for residents and non-residents was $33,220 and $56,998, respectively.
Meanwhile, residents at private colleges paid a median $53,616 and non-residents paid $54,936 in the 2014/2015 school year, up from $51,980 and $52,918 in the 2013/2014 school year.
Given the cost of a medical education is high and climbing, it's probably not surprising to learn that many physicians borrow a lot of money to finance their education. Overall, 84% of medical school graduates of the class of 2014 graduated with student loan debt, with 79% of those graduates owing more than $100,000 and 43% of them owing over $200,000.
Because the median amount owed by a newly minted physician totals $180,000, the AAMC estimates it will take that person 10 years of paying $2,700 per month to pay off their student loan debt. Unfortunately, the burden of student loans means that 41% of doctors are heading into their 40's still making their student loan payments. Paying off student loan debt may also be one reason why so many doctors are logging work week's that are far north of 40 hours. For example, nearly a third of all primary care physicians put in more than 45 hours per week at their job.
The combination of a mountain of debt and long hours could explain why Medscape finds that only 64% of people would choose medicine and just 45% of doctors would pick the same specialty again, if given a choice .
Tying it together
Physician pay is high and varies widely by specialty and that likely attracts many people to study medicine. However, physicians also work long hours and take on burdensome levels of debt and that leads many of them to question their calling.
Overall, while dissatisfaction is widespread across physicians, one exception appears to be primary care doctors. According to the survey, despite family doctors being among the lowest income earners and logging long hours, they're also the most willing physicians to choose medicine again -- further proof that a big paycheck, while important, isn't everything.
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The article Doctors Make This Much Money. How Do You Compare? originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The median cost associated with attending a public medical school reached $34,133 for residents and $59,262 for non-residents last year, according to the Association of American Medical Colleges (AAMC). Because the median amount owed by a newly minted physician totals $180,000, the AAMC estimates it will take that person 10 years of paying $2,700 per month to pay off their student loan debt. In addition to the income that physicians make by treating patients, they can also earn money by providing expert witness testimony, selling products, or speaking at conferences.
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The median cost associated with attending a public medical school reached $34,133 for residents and $59,262 for non-residents last year, according to the Association of American Medical Colleges (AAMC). Because the median amount owed by a newly minted physician totals $180,000, the AAMC estimates it will take that person 10 years of paying $2,700 per month to pay off their student loan debt. Last year, the average orthopedic physician earned $29,000 from these other income sources, while radiologists earned an average of $6,000.
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Because the median amount owed by a newly minted physician totals $180,000, the AAMC estimates it will take that person 10 years of paying $2,700 per month to pay off their student loan debt. The median cost associated with attending a public medical school reached $34,133 for residents and $59,262 for non-residents last year, according to the Association of American Medical Colleges (AAMC). More to the story Although physicians earn big pay checks, they're also saddled with big debt, work long hours, and are often dissatisfied by their work.
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Because the median amount owed by a newly minted physician totals $180,000, the AAMC estimates it will take that person 10 years of paying $2,700 per month to pay off their student loan debt. The median cost associated with attending a public medical school reached $34,133 for residents and $59,262 for non-residents last year, according to the Association of American Medical Colleges (AAMC). Paying off student loan debt may also be one reason why so many doctors are logging work week's that are far north of 40 hours.
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8772.0
|
2015-04-28 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: VFH
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AAMC
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https://www.nasdaq.com/articles/tuesdays-etf-unusual-volume-vfh-2015-04-28
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nan
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nan
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The Vanguard Financials ETF ( VFH ) is seeing unusually high volume in afternoon trading Tuesday, with over 997,000 shares traded versus three month average volume of about 276,000. Shares of VFH were up about 0.2% on the day.
Components of that ETF with the highest volume on Tuesday were Bank of America ( BAC ), trading up about 0.2% with over 22.0 million shares changing hands so far this session, and Huntington Bancshares ( HBAN ), up about 0.1% on volume of over 6.9 million shares. Flagstar Bancorp ( FBC ) is the component faring the best Tuesday, up by about 8.6% on the day, while Altisource Asset Management ( AAMC ) is lagging other components of the Vanguard Financials ETF, trading lower by about 3.4%.
VIDEO: Tuesday's ETF with Unusual Volume: VFH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Flagstar Bancorp ( FBC ) is the component faring the best Tuesday, up by about 8.6% on the day, while Altisource Asset Management ( AAMC ) is lagging other components of the Vanguard Financials ETF, trading lower by about 3.4%. The Vanguard Financials ETF ( VFH ) is seeing unusually high volume in afternoon trading Tuesday, with over 997,000 shares traded versus three month average volume of about 276,000. Components of that ETF with the highest volume on Tuesday were Bank of America ( BAC ), trading up about 0.2% with over 22.0 million shares changing hands so far this session, and Huntington Bancshares ( HBAN ), up about 0.1% on volume of over 6.9 million shares.
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Flagstar Bancorp ( FBC ) is the component faring the best Tuesday, up by about 8.6% on the day, while Altisource Asset Management ( AAMC ) is lagging other components of the Vanguard Financials ETF, trading lower by about 3.4%. The Vanguard Financials ETF ( VFH ) is seeing unusually high volume in afternoon trading Tuesday, with over 997,000 shares traded versus three month average volume of about 276,000. VIDEO: Tuesday's ETF with Unusual Volume: VFH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Flagstar Bancorp ( FBC ) is the component faring the best Tuesday, up by about 8.6% on the day, while Altisource Asset Management ( AAMC ) is lagging other components of the Vanguard Financials ETF, trading lower by about 3.4%. The Vanguard Financials ETF ( VFH ) is seeing unusually high volume in afternoon trading Tuesday, with over 997,000 shares traded versus three month average volume of about 276,000. Components of that ETF with the highest volume on Tuesday were Bank of America ( BAC ), trading up about 0.2% with over 22.0 million shares changing hands so far this session, and Huntington Bancshares ( HBAN ), up about 0.1% on volume of over 6.9 million shares.
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Flagstar Bancorp ( FBC ) is the component faring the best Tuesday, up by about 8.6% on the day, while Altisource Asset Management ( AAMC ) is lagging other components of the Vanguard Financials ETF, trading lower by about 3.4%. The Vanguard Financials ETF ( VFH ) is seeing unusually high volume in afternoon trading Tuesday, with over 997,000 shares traded versus three month average volume of about 276,000. Shares of VFH were up about 0.2% on the day.
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8773.0
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2015-02-20 00:00:00 UTC
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Financial Sector Update for 02/20/2015: AAMC,RESI,BAC, CCS, WSFS SBCF
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AAMC
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https://www.nasdaq.com/articles/financial-sector-update-02202015-aamcresibac-ccs-wsfs-sbcf-2015-02-20
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nan
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nan
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Top Financial Stocks
JPM +0.64%
BAC +0.93%
WFC +0.20%
C +0.87%
USB +0.02%
Financial stocks were moderately higher, with the NYSE Financial Sector Index rising about 0.4% and the S&P Financial 100 Index climbing about 0.4%.
In company news, Altisource Asset Management Corp ( AAMC ) said late Thursday it hired George Ellison as its new chief executive officer.
Ellison joins AAMC from Bank of America ( BAC ), where most recently he led a team evaluating and selling the bank's legacy mortgage loan portfolio as well as taking part in a special initiatives team working to resolve BAC's warranty and representative litigation.
He also has extensive experience with structured products, including residential- and commercial-mortgage backed securities, asset-backed securities and asset-backed commercial paper and other market-linked investments.
Former AAMC Chief Executive Ashish Pandey became AAMC's executive board chaiman with Ellison's appointment, also retaining his role as CEO of Altisource Residential Corp. ( RESI ), AAMC's one-time corporate parent prior to a December 2012 spin-off.
AAMC shares rebounded off a session low of $196.64 a share. The stock has traded within a 52-week range of $117.38 to $1,172.08 a share, already falling almost 78% over the past 12 months prior to Friday's slide.
RESI was up less than 1% at $19.45 a share, earlier climbing as much as 2% to a session high of $19.78. BAC shares were ahead almost 1% at $16.36 apiece in mid-day trade.
In other sector news,
(+) CCS, (+5.2%) Net income jumps 136% over year-ago levels to $7.2 mln, or $0.34 per share, up from $3 mln last year. Revenue climbs 133% to $140.9 mln.
(-) WSFS, (-1.2%) CFO Steve Fowle resigns to accept a position as CFO of Seacoast Banking Corporation of Florida ( SBCF ).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Altisource Asset Management Corp ( AAMC ) said late Thursday it hired George Ellison as its new chief executive officer. Ellison joins AAMC from Bank of America ( BAC ), where most recently he led a team evaluating and selling the bank's legacy mortgage loan portfolio as well as taking part in a special initiatives team working to resolve BAC's warranty and representative litigation. Former AAMC Chief Executive Ashish Pandey became AAMC's executive board chaiman with Ellison's appointment, also retaining his role as CEO of Altisource Residential Corp. ( RESI ), AAMC's one-time corporate parent prior to a December 2012 spin-off.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In company news, Altisource Asset Management Corp ( AAMC ) said late Thursday it hired George Ellison as its new chief executive officer. Ellison joins AAMC from Bank of America ( BAC ), where most recently he led a team evaluating and selling the bank's legacy mortgage loan portfolio as well as taking part in a special initiatives team working to resolve BAC's warranty and representative litigation.
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Ellison joins AAMC from Bank of America ( BAC ), where most recently he led a team evaluating and selling the bank's legacy mortgage loan portfolio as well as taking part in a special initiatives team working to resolve BAC's warranty and representative litigation. Former AAMC Chief Executive Ashish Pandey became AAMC's executive board chaiman with Ellison's appointment, also retaining his role as CEO of Altisource Residential Corp. ( RESI ), AAMC's one-time corporate parent prior to a December 2012 spin-off. In company news, Altisource Asset Management Corp ( AAMC ) said late Thursday it hired George Ellison as its new chief executive officer.
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AAMC shares rebounded off a session low of $196.64 a share. In company news, Altisource Asset Management Corp ( AAMC ) said late Thursday it hired George Ellison as its new chief executive officer. Ellison joins AAMC from Bank of America ( BAC ), where most recently he led a team evaluating and selling the bank's legacy mortgage loan portfolio as well as taking part in a special initiatives team working to resolve BAC's warranty and representative litigation.
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8774.0
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2014-10-23 00:00:00 UTC
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Relative Strength Alert For Altisource Asset Management
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AAMC
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https://www.nasdaq.com/articles/relative-strength-alert-altisource-asset-management-2014-10-23
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Altisource Asset Management Corp (Symbol: AAMC) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $550.00 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 53.4. A bullish investor could look at AAMC's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAMC shares:
Looking at the chart above, AAMC's low point in its 52 week range is $485.01 per share, with $1209.00 as the 52 week high point - that compares with a last trade of $564.99.
According to the ETF Finder at ETF Channel, AAMC makes up 2.40% of the Guggenheim Spin-Off ETF (Symbol: CSD) which is trading up by about 1.7% on the day Thursday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Altisource Asset Management Corp (Symbol: AAMC) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $550.00 per share. A bullish investor could look at AAMC's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAMC shares: Looking at the chart above, AAMC's low point in its 52 week range is $485.01 per share, with $1209.00 as the 52 week high point - that compares with a last trade of $564.99.
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The chart below shows the one year performance of AAMC shares: Looking at the chart above, AAMC's low point in its 52 week range is $485.01 per share, with $1209.00 as the 52 week high point - that compares with a last trade of $564.99. In trading on Thursday, shares of Altisource Asset Management Corp (Symbol: AAMC) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $550.00 per share. A bullish investor could look at AAMC's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Altisource Asset Management Corp (Symbol: AAMC) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $550.00 per share. The chart below shows the one year performance of AAMC shares: Looking at the chart above, AAMC's low point in its 52 week range is $485.01 per share, with $1209.00 as the 52 week high point - that compares with a last trade of $564.99. A bullish investor could look at AAMC's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Altisource Asset Management Corp (Symbol: AAMC) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $550.00 per share. According to the ETF Finder at ETF Channel, AAMC makes up 2.40% of the Guggenheim Spin-Off ETF (Symbol: CSD) which is trading up by about 1.7% on the day Thursday. A bullish investor could look at AAMC's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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8775.0
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2014-06-04 00:00:00 UTC
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Can Spin-Offs Beat the Market?
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AAMC
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https://www.nasdaq.com/articles/can-spin-offs-beat-market-2014-06-04
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nan
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nan
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According to Investopedia, a spin-off is " the creation of an independent company through the sale or distribution of new shares of an existing business or division of a parent company. A spinoff is a type of divestiture. Businesses wishing to streamline their operations often sell less productive or unrelated subsidiary businesses as spinoffs. "
You can see our newly added Spin-Off Stock List from GuruFocus.com . It contains all the spin-offs that happened since 2013. According to Joel Greenblatt ( Trades , Portfolio) and plenty of studies, investors earn an above-normal rate of return by investing in recently spun-off subsidiaries. One of the more commonly cited studies by Patrick Cusatis, James Miles and J. Randall Woolridge was published in a 1993 issue of The Journal of Financial Economics . It determined that spin-offs and parents surpassed the S&P 500 Index by an average of 30% and 18%, respectively, during the first three years of trading in spin-off shares. Is it true? Can we beat the market if we buy shares right after a spin-off?
Warren Buffett Recent Buys
Methodology and Facts
1. We tracked almost all spin-offs that happened after Jan. 1, 2009 based on the data we had.
2. We calculated the one-week return of the share after the spin-off happened and calculated the SPDR S&P 500 ETF ( SPY ) one-week return started at the same date of the spin-off. Deducting the SPY return from the share return, we got the return which the shares outperformed the market in a one-week time frame. We calculated the outperformance for all spin-offs and found the median of the data.
3. We did the similar steps to calculate the share outperformance return data for two weeks to 52 weeks after each spin-off and got medians of the share outperformance data for all time frames.
4. All the prices we used in this research were split-adjusted and dividend-adjusted.
5. We ignored the shares which had already been acquired.
Data and Results
For some of the shares, they did not have a history long enough to calculate the 52-week returns. For example, the ex-date for Navient Corp ( NAVI ) is May 1, 2014. Therefore, we only counted this company when we calculated the share outperformance return for one week, two weeks and three weeks. Because of this issue, we had 72 companies available when we calculated the median of the outperformance return for one week. We had 62 companies available when we calculated the median of the outperformance return for 26 weeks and we had 51 companies available when we calculated the median of the outperformance return for 52 weeks.
The following table 1 shows the medians and average of the outperformance returns, as well as numbers of companies available for 52 time frames.
Source: Database of GuruFocus.com, LLC
From Table 1, we can see there are 71 companies available to calculate returns four weeks after spin-offs. Among all these 71 companies, the median of the four-week outperformance return was -0.3%, which means spin-offs underperformed the market by 0.3% four weeks after they were spun off. The average of the four-week outperformance return was 5.27%, which means that spin-offs on average outperformed the market by 5.27% four weeks after being spun off.
Table 2 shows the number of companies with positive outperformance returns as well as the percentage of companies with positive outperformance returns for 52 time frames.
Source: Database of GuruFocus.com, LLC
From table 2, we can see that more than 50% of companies outperformed the S&P 500 after four weeks following their spin off. Most companies underperformed the S&P 500 for the first two weeks after the spin off.
We plotted the median outperformance returns against the weeks to get chart 1.
From chart 1, it was clear that generally within one month after the spin-off, the spin-offs underperformed the market. Then it started to outperform the market little by little. Forty-three weeks after being spun off, the spin-offs outperformed the market by 11.3%, which is the highest peak among the 52 weeks after the spin-off. It means that if we invested $1,000 in spin-offs and held them for 43 weeks, usually it would generate $113 more than if we invested $1,000 in the SPY.
Attention: This conclusion is not obtained for exactly one stock. This 11.3% is the median outperformance return for 55 companies. There was a huge drop in the outperformance return after 43 weeks. Forty-seven weeks after being spun off, the spin-offs outperformed the market only by 3.13%. Then the outperformance return began to increase again. If we invested $1,000 in spin-offs and held them for one year, usually it would generate $90.9 more than if we invested $1000 in SPY.
We plotted the average outperformance returns against the weeks to get chart 2.
From chart 2, it was obvious that the spin-offs outperformed the market in all time frames. It shows that spin-offs surpassed the S&P 500 Index by an average of 25% during the first year of trading in spin-off shares. The longer we held the spin-offs, the more we could beat the market. Fifty-two weeks after being spun off, the spin-offs on averagely outperformed the market by 84.28%, which means if we invested $1,000 in spin-offs and held them for one year, usually it would generate $842.8 more than if we invested $1,000 in SPY.
We plotted the outperformance returns against the weeks for each spin-off to get chart 3.
From chart 3, we can see 52 weeks of spin off, Altisource Asset Management Corporation ( AAMC ) outperformed the S&P 500 by 3,308%. The share price was around $30 when spun off. Now the share price is nearly $1,000.
Chart 4 shows each spinoff's outperformance return for three months, six months, nine months and 12 months.
After Altisource Asset Management Corporation ( AAMC ), we plotted the outperformance returns against the weeks for other spin-offs to get chart 5 and plotted each spin-off's outperformance return for three months, six months, nine months and 12 months to get chart 6.
Even ruling out the extreme change of Altisource Asset Management Corporation ( AAMC ), we can still see that most spin-offs outperformed the market a lot since spun off.
Conclusion
Generally speaking, spin-offs outperform the S&P 500 if you hold them more than one month. Please go to the List of Spin-Off Stocks to see the whole list of spin-offs since 2013. Spin-offs outperform for a few reasons. For shareholders it would be better to separate the old dividend business and the high-growth business. Investors tend to invest in more focused and pure-play companies. Management teams at the spin-offs have greater incentive to produce, due to stock options and stock holdings, and greater freedom to start new ventures, rationalize operations and trim overhead. Just be careful, spin-offs are more volatile.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Even ruling out the extreme change of Altisource Asset Management Corporation ( AAMC ), we can still see that most spin-offs outperformed the market a lot since spun off. From chart 3, we can see 52 weeks of spin off, Altisource Asset Management Corporation ( AAMC ) outperformed the S&P 500 by 3,308%. After Altisource Asset Management Corporation ( AAMC ), we plotted the outperformance returns against the weeks for other spin-offs to get chart 5 and plotted each spin-off's outperformance return for three months, six months, nine months and 12 months to get chart 6.
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From chart 3, we can see 52 weeks of spin off, Altisource Asset Management Corporation ( AAMC ) outperformed the S&P 500 by 3,308%. After Altisource Asset Management Corporation ( AAMC ), we plotted the outperformance returns against the weeks for other spin-offs to get chart 5 and plotted each spin-off's outperformance return for three months, six months, nine months and 12 months to get chart 6. Even ruling out the extreme change of Altisource Asset Management Corporation ( AAMC ), we can still see that most spin-offs outperformed the market a lot since spun off.
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After Altisource Asset Management Corporation ( AAMC ), we plotted the outperformance returns against the weeks for other spin-offs to get chart 5 and plotted each spin-off's outperformance return for three months, six months, nine months and 12 months to get chart 6. From chart 3, we can see 52 weeks of spin off, Altisource Asset Management Corporation ( AAMC ) outperformed the S&P 500 by 3,308%. Even ruling out the extreme change of Altisource Asset Management Corporation ( AAMC ), we can still see that most spin-offs outperformed the market a lot since spun off.
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From chart 3, we can see 52 weeks of spin off, Altisource Asset Management Corporation ( AAMC ) outperformed the S&P 500 by 3,308%. After Altisource Asset Management Corporation ( AAMC ), we plotted the outperformance returns against the weeks for other spin-offs to get chart 5 and plotted each spin-off's outperformance return for three months, six months, nine months and 12 months to get chart 6. Even ruling out the extreme change of Altisource Asset Management Corporation ( AAMC ), we can still see that most spin-offs outperformed the market a lot since spun off.
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8776.0
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2022-09-13 00:00:00 UTC
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A Atlantic American Corporation (NASDAQ:AAME) insider increased their holdings by 14% last year
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AAME
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https://www.nasdaq.com/articles/a-atlantic-american-corporation-nasdaq%3Aaame-insider-increased-their-holdings-by-14-last
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nan
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nan
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From what we can see, insiders were net buyers in Atlantic American Corporation's (NASDAQ:AAME ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Atlantic American Insider Transactions Over The Last Year
The insider Harriett Robinson made the biggest insider purchase in the last 12 months. That single transaction was for US$5.5m worth of shares at a price of US$4.00 each. That means that even when the share price was higher than US$2.95 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Harriett Robinson was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NasdaqGM:AAME Insider Trading Volume September 13th 2022
Atlantic American is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Atlantic American
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Atlantic American insiders own about US$47m worth of shares (which is 79% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Atlantic American Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Atlantic American insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Atlantic American. For example - Atlantic American has 2 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From what we can see, insiders were net buyers in Atlantic American Corporation's (NASDAQ:AAME ) during the past 12 months. NasdaqGM:AAME Insider Trading Volume September 13th 2022 Atlantic American is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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From what we can see, insiders were net buyers in Atlantic American Corporation's (NASDAQ:AAME ) during the past 12 months. NasdaqGM:AAME Insider Trading Volume September 13th 2022 Atlantic American is not the only stock that insiders are buying. Atlantic American Insider Transactions Over The Last Year The insider Harriett Robinson made the biggest insider purchase in the last 12 months.
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From what we can see, insiders were net buyers in Atlantic American Corporation's (NASDAQ:AAME ) during the past 12 months. NasdaqGM:AAME Insider Trading Volume September 13th 2022 Atlantic American is not the only stock that insiders are buying. Atlantic American Insider Transactions Over The Last Year The insider Harriett Robinson made the biggest insider purchase in the last 12 months.
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From what we can see, insiders were net buyers in Atlantic American Corporation's (NASDAQ:AAME ) during the past 12 months. NasdaqGM:AAME Insider Trading Volume September 13th 2022 Atlantic American is not the only stock that insiders are buying. Atlantic American Insider Transactions Over The Last Year The insider Harriett Robinson made the biggest insider purchase in the last 12 months.
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8777.0
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2022-03-28 00:00:00 UTC
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Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC
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AAME
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https://www.nasdaq.com/articles/daily-dividend-report%3A-imktaimktbebfaamepbhc
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Ingles Markets today announced that its Board of Directors has declared a cash dividend of $0.165 per share on all its Class A Common Stock and $0.15 per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 14, 2022, to all shareholders of record on April 7, 2022.
Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that the Board of Directors has declared a quarterly cash dividend of twenty-five cents per share on its common stock. The dividend is payable May 9, 2022 to shareholders of record on April 18, 2022.
Atlantic American today reported net income for the three month period ended December 31, 2021 of $2.7 million, or $0.12 per diluted share, as compared to net income of $11.8 million, or $0.54 per diluted share, for the comparable period in 2020. The Board of Directors also approved the Company's annual dividend of $0.02 per share, which is payable on April 27, 2022 to shareholders of record on April 13, 2022.
Thomas W. Schneider, President/CEO of Pathfinder Bancorp, the bank holding company of Pathfinder Bank, has announced that the Company has declared a cash dividend of $0.09 per share on the Company's voting common and non-voting common stock, and a cash dividend of $0.09 per notional share for the issued warrant relating to the fiscal quarter ending March 31, 2022. The dividend represents an increase of $0.02 per share, or 28.6% over the dividend declared for the quarter ended December 31, 2021. The first quarter 2022 dividend will be payable to all shareholders of record on April 22, 2022 and will be paid on May 6, 2022.
VIDEO: Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that the Board of Directors has declared a quarterly cash dividend of twenty-five cents per share on its common stock. Atlantic American today reported net income for the three month period ended December 31, 2021 of $2.7 million, or $0.12 per diluted share, as compared to net income of $11.8 million, or $0.54 per diluted share, for the comparable period in 2020.
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VIDEO: Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ingles Markets today announced that its Board of Directors has declared a cash dividend of $0.165 per share on all its Class A Common Stock and $0.15 per share on all its Class B Common Stock. Atlantic American today reported net income for the three month period ended December 31, 2021 of $2.7 million, or $0.12 per diluted share, as compared to net income of $11.8 million, or $0.54 per diluted share, for the comparable period in 2020.
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VIDEO: Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ingles Markets today announced that its Board of Directors has declared a cash dividend of $0.165 per share on all its Class A Common Stock and $0.15 per share on all its Class B Common Stock. The Board of Directors also approved the Company's annual dividend of $0.02 per share, which is payable on April 27, 2022 to shareholders of record on April 13, 2022.
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VIDEO: Daily Dividend Report: IMKTA,IMKTB,EBF,AAME,PBHC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ingles Markets today announced that its Board of Directors has declared a cash dividend of $0.165 per share on all its Class A Common Stock and $0.15 per share on all its Class B Common Stock. Dividends on both the Class A and Class B Common Stock are payable April 14, 2022, to all shareholders of record on April 7, 2022.
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8778.0
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2022-03-25 00:00:00 UTC
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Financial Sector Update for 03/25/2022: AAME,ISBC,CFG,PSTL,MDWT
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AAME
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https://www.nasdaq.com/articles/financial-sector-update-for-03-25-2022%3A-aameisbccfgpstlmdwt
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Financial stocks extended their Friday advance in afternoon trading, with the NYSE Financial Index rising 0.6% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.8%.
The Philadelphia Housing Index was dropping 0.8% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 0.8% after new data showed an unexpected 4.1% drop in pending home sales during February compared with market expectations for a 1.0% increase over January levels last month.
Bitcoin was increasing 0.5% to $44,216, while the yield for 10-year US Treasuries was adding 15.1 basis points to 2.4982%.
In company news, Atlantic American (AAME) rose 3.5% after the insurer Friday reported Q4 net income of $0.12 per share, down roughly 78% from its $0.54 per share profit during the year-ago period, while revenue declined 17% year-over-year to $49.7 million from $59.9 million. Analyst estimates were not available.
Investors Bancorp (ISBC) was little changed this afternoon, easing from an early 1.2% advance, that followed the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency signing off on the proposed acquisition of the bank holding company by Citizen Financial Group (CFG). Citizens shares were fractionally lower this afternoon.
Among decliners, Postal Realty Trust (PSTL) fell 2.1% after BMO Capital Friday lowered its stock rating for the real estate investment trust to market perform from outperform previously.
Midwest Holding (MDWT) tumbled almost 11% after the life insurance company Friday said it has hired Eric Berg to be its new chief financial officer. Berg joins Midwest Holding from New Delhi-based insurer and asset manager Aviva India, where he was the head of finance, and succeeds interim CFO Georgette Cecelia Nicholas.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Atlantic American (AAME) rose 3.5% after the insurer Friday reported Q4 net income of $0.12 per share, down roughly 78% from its $0.54 per share profit during the year-ago period, while revenue declined 17% year-over-year to $49.7 million from $59.9 million. Investors Bancorp (ISBC) was little changed this afternoon, easing from an early 1.2% advance, that followed the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency signing off on the proposed acquisition of the bank holding company by Citizen Financial Group (CFG). Midwest Holding (MDWT) tumbled almost 11% after the life insurance company Friday said it has hired Eric Berg to be its new chief financial officer.
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In company news, Atlantic American (AAME) rose 3.5% after the insurer Friday reported Q4 net income of $0.12 per share, down roughly 78% from its $0.54 per share profit during the year-ago period, while revenue declined 17% year-over-year to $49.7 million from $59.9 million. Financial stocks extended their Friday advance in afternoon trading, with the NYSE Financial Index rising 0.6% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.8%. The Philadelphia Housing Index was dropping 0.8% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 0.8% after new data showed an unexpected 4.1% drop in pending home sales during February compared with market expectations for a 1.0% increase over January levels last month.
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In company news, Atlantic American (AAME) rose 3.5% after the insurer Friday reported Q4 net income of $0.12 per share, down roughly 78% from its $0.54 per share profit during the year-ago period, while revenue declined 17% year-over-year to $49.7 million from $59.9 million. Financial stocks extended their Friday advance in afternoon trading, with the NYSE Financial Index rising 0.6% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.8%. The Philadelphia Housing Index was dropping 0.8% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 0.8% after new data showed an unexpected 4.1% drop in pending home sales during February compared with market expectations for a 1.0% increase over January levels last month.
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In company news, Atlantic American (AAME) rose 3.5% after the insurer Friday reported Q4 net income of $0.12 per share, down roughly 78% from its $0.54 per share profit during the year-ago period, while revenue declined 17% year-over-year to $49.7 million from $59.9 million. Financial stocks extended their Friday advance in afternoon trading, with the NYSE Financial Index rising 0.6% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.8%. Investors Bancorp (ISBC) was little changed this afternoon, easing from an early 1.2% advance, that followed the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency signing off on the proposed acquisition of the bank holding company by Citizen Financial Group (CFG).
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8779.0
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2021-11-08 00:00:00 UTC
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Atlantic American (NASDAQ:AAME) spikes 11% this week, taking one-year gains to 111%
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https://www.nasdaq.com/articles/atlantic-american-nasdaq%3Aaame-spikes-11-this-week-taking-one-year-gains-to-111
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Unfortunately, investing is risky - companies can and do go bankrupt. But if you pick the right stock, you can make a lot more than 100%. For example, the Atlantic American Corporation (NASDAQ:AAME) share price has soared 110% return in just a single year. And in the last week the share price has popped 11%. It is also impressive that the stock is up 40% over three years, adding to the sense that it is a real winner.
The past week has proven to be lucrative for Atlantic American investors, so let's see if fundamentals drove the company's one-year performance.
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Atlantic American went from making a loss to reporting a profit, in the last year.
The result looks like a strong improvement to us, so we're not surprised the market likes the growth. Inflection points like this can be a great time to take a closer look at a company.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
NasdaqGM:AAME Earnings Per Share Growth November 8th 2021
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
A Different Perspective
It's nice to see that Atlantic American shareholders have received a total shareholder return of 111% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Atlantic American better, we need to consider many other factors. Even so, be aware that Atlantic American is showing 1 warning sign in our investment analysis , you should know about...
We will like Atlantic American better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For example, the Atlantic American Corporation (NASDAQ:AAME) share price has soared 110% return in just a single year. NasdaqGM:AAME Earnings Per Share Growth November 8th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. The past week has proven to be lucrative for Atlantic American investors, so let's see if fundamentals drove the company's one-year performance.
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For example, the Atlantic American Corporation (NASDAQ:AAME) share price has soared 110% return in just a single year. NasdaqGM:AAME Earnings Per Share Growth November 8th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
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For example, the Atlantic American Corporation (NASDAQ:AAME) share price has soared 110% return in just a single year. NasdaqGM:AAME Earnings Per Share Growth November 8th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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For example, the Atlantic American Corporation (NASDAQ:AAME) share price has soared 110% return in just a single year. NasdaqGM:AAME Earnings Per Share Growth November 8th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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8780.0
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2021-05-12 00:00:00 UTC
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Increases to Atlantic American Corporation's (NASDAQ:AAME) CEO Compensation Might Cool off for now
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AAME
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https://www.nasdaq.com/articles/increases-to-atlantic-american-corporations-nasdaq%3Aaame-ceo-compensation-might-cool-off
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CEO Hilton Howell has done a decent job of delivering relatively good performance at Atlantic American Corporation (NASDAQ:AAME) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 18 May 2021. However, some shareholders will still be cautious of paying the CEO excessively.
How Does Total Compensation For Hilton Howell Compare With Other Companies In The Industry?
At the time of writing, our data shows that Atlantic American Corporation has a market capitalization of US$80m, and reported total annual CEO compensation of US$1.3m for the year to December 2020. That is, the compensation was roughly the same as last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$500k.
In comparison with other companies in the industry with market capitalizations under US$200m, the reported median total CEO compensation was US$361k. Accordingly, our analysis reveals that Atlantic American Corporation pays Hilton Howell north of the industry median. Moreover, Hilton Howell also holds US$3.5m worth of Atlantic American stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
Component 2020 2019 Proportion (2020)
Salary US$500k US$500k 39%
Other US$783k US$776k 61%
Total Compensation US$1.3m US$1.3m 100%
On an industry level, roughly 16% of total compensation represents salary and 84% is other remuneration. According to our research, Atlantic American has allocated a higher percentage of pay to salary in comparison to the wider industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
NasdaqGM:AAME CEO Compensation May 12th 2021
A Look at Atlantic American Corporation's Growth Numbers
Atlantic American Corporation's earnings per share (EPS) grew 42% per year over the last three years. Its revenue is down 1.3% over the previous year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. The lack of revenue growth isn't ideal, but it is the bottom line that counts most in business. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
Has Atlantic American Corporation Been A Good Investment?
We think that the total shareholder return of 40%, over three years, would leave most Atlantic American Corporation shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
To Conclude...
Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, if the board proposes to increase the compensation, some shareholders might have questions given that the CEO is already being paid higher than the industry.
We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 3 warning signs (and 1 which doesn't sit too well with us) in Atlantic American we think you should know about.
Important note: Atlantic American is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CEO Hilton Howell has done a decent job of delivering relatively good performance at Atlantic American Corporation (NASDAQ:AAME) recently. NasdaqGM:AAME CEO Compensation May 12th 2021 A Look at Atlantic American Corporation's Growth Numbers Atlantic American Corporation's earnings per share (EPS) grew 42% per year over the last three years. At the time of writing, our data shows that Atlantic American Corporation has a market capitalization of US$80m, and reported total annual CEO compensation of US$1.3m for the year to December 2020.
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CEO Hilton Howell has done a decent job of delivering relatively good performance at Atlantic American Corporation (NASDAQ:AAME) recently. NasdaqGM:AAME CEO Compensation May 12th 2021 A Look at Atlantic American Corporation's Growth Numbers Atlantic American Corporation's earnings per share (EPS) grew 42% per year over the last three years. Accordingly, our analysis reveals that Atlantic American Corporation pays Hilton Howell north of the industry median.
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NasdaqGM:AAME CEO Compensation May 12th 2021 A Look at Atlantic American Corporation's Growth Numbers Atlantic American Corporation's earnings per share (EPS) grew 42% per year over the last three years. CEO Hilton Howell has done a decent job of delivering relatively good performance at Atlantic American Corporation (NASDAQ:AAME) recently. At the time of writing, our data shows that Atlantic American Corporation has a market capitalization of US$80m, and reported total annual CEO compensation of US$1.3m for the year to December 2020.
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CEO Hilton Howell has done a decent job of delivering relatively good performance at Atlantic American Corporation (NASDAQ:AAME) recently. NasdaqGM:AAME CEO Compensation May 12th 2021 A Look at Atlantic American Corporation's Growth Numbers Atlantic American Corporation's earnings per share (EPS) grew 42% per year over the last three years. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 18 May 2021.
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8781.0
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2021-04-09 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for April 12, 2021
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-for-april-12-2021-2021-04-09
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Atlantic American Corporation (AAME) will begin trading ex-dividend on April 12, 2021. A cash dividend payment of $0.02 per share is scheduled to be paid on April 27, 2021. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $3.98, representing a -75.08% decrease from the 52 week high of $15.97 and a 151.9% increase over the 52 week low of $1.58.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited (LFC) and Prudential Public Limited Company (PUK). AAME's current earnings per share, an indicator of a company's profitability, is $.53.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation (AAME) will begin trading ex-dividend on April 12, 2021. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Atlantic American Corporation (AAME) will begin trading ex-dividend on April 12, 2021.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited (LFC) and Prudential Public Limited Company (PUK). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.53. Atlantic American Corporation (AAME) will begin trading ex-dividend on April 12, 2021.
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8782.0
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2021-04-08 00:00:00 UTC
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Thursday Sector Leaders: Life & Health Insurance, Cigarettes & Tobacco Stocks
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-life-health-insurance-cigarettes-tobacco-stocks-2021-04-08
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In trading on Thursday, life & health insurance shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Vericity, up about 81.2% and shares of Atlantic American up about 7.6% on the day.
Also showing relative strength are cigarettes & tobacco shares, up on the day by about 2.1% as a group, led by 22nd Century Group, trading higher by about 9.2% and British American Tobacco Industries, trading higher by about 2.6% on Thursday.
VIDEO: Thursday Sector Leaders: Life & Health Insurance, Cigarettes & Tobacco Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, life & health insurance shares were relative leaders, up on the day by about 2.4%. Also showing relative strength are cigarettes & tobacco shares, up on the day by about 2.1% as a group, led by 22nd Century Group, trading higher by about 9.2% and British American Tobacco Industries, trading higher by about 2.6% on Thursday. VIDEO: Thursday Sector Leaders: Life & Health Insurance, Cigarettes & Tobacco Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, life & health insurance shares were relative leaders, up on the day by about 2.4%. Also showing relative strength are cigarettes & tobacco shares, up on the day by about 2.1% as a group, led by 22nd Century Group, trading higher by about 9.2% and British American Tobacco Industries, trading higher by about 2.6% on Thursday. VIDEO: Thursday Sector Leaders: Life & Health Insurance, Cigarettes & Tobacco Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, life & health insurance shares were relative leaders, up on the day by about 2.4%. Also showing relative strength are cigarettes & tobacco shares, up on the day by about 2.1% as a group, led by 22nd Century Group, trading higher by about 9.2% and British American Tobacco Industries, trading higher by about 2.6% on Thursday. VIDEO: Thursday Sector Leaders: Life & Health Insurance, Cigarettes & Tobacco Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, life & health insurance shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Vericity, up about 81.2% and shares of Atlantic American up about 7.6% on the day. Also showing relative strength are cigarettes & tobacco shares, up on the day by about 2.1% as a group, led by 22nd Century Group, trading higher by about 9.2% and British American Tobacco Industries, trading higher by about 2.6% on Thursday.
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8783.0
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2021-03-19 00:00:00 UTC
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SNES Stock News: Why Biotech Company SenesTech Is Skyrocketing Today
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https://www.nasdaq.com/articles/snes-stock-news%3A-why-biotech-company-senestech-is-skyrocketing-today-2021-03-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
SenesTech (NASDAQ:SNES) stock is flying high on Friday after announcing two successful trials of its new pest control products at poultry facilities.
Source: Shutterstock
The trials were for ContraPest, a pest control option that works by reducing the fertility rates of rats. The product works by first placing bait traps, and then replacing the bait with ContraPest. This reduces the rat population and also limits the chance of a resurgence from survivors.
Both of the tests of ContraPest took place over the course of several months. Cameras were used to monitor rat activity and track population to determine the effectiveness of the pest control product.
The first test took place at a west coast egg farm. The trial showed a 90% decline in rat activity after a 12-month period. Next up is an east coast pullet farm. It reported an 88% higher pullet survival rate after testing ContraPest.
That second case is especially worth noting as the customer estimated it would save them $400,000 via higher revenue and reduced production costs. This shows that there’s a good reason for farmers to consider the SenesTech product.
7 Retail Stocks That Are Far Too Close to Failing
Ken Siegel, the CEO of SenesTech, said this about the positive news for SNES stock today.
“While these results were from deployments at poultry facilities, the results are immediately applicable to many other agricultural situations. Anywhere there is grain, there is the potential for rat infestations, and ContraPest is now proven in the field to reduce those infestations, reduce the negative economic impact, and improve overall food security.”
Interest in SNES stock was up following the news today. As a result, more than 54 million shares of the stock had traded as of this writing. That’s a massive increase over its daily average trading volume of roughly 990,000 shares.
SNES stock was up 38.7% as of Friday afternoon.
SenesTech is only one of many hot stocks seeing major movement of late.
Friday trading has been strong for quite a few companies with many of them seeing plenty of growth. Among those names are SuperCom (NASDAQ:SPCB), Clovis Oncology (NASDAQ:CLVS), Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), and Express (NYSE:EXPR). Investors can catch up on all that news below.
More Hot Stocks to Watch
SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today
CLVS Stock: Why Cancer-Fighting Clovis Oncology Is Soaring Today
AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post SNES Stock News: Why Biotech Company SenesTech Is Skyrocketing Today appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among those names are SuperCom (NASDAQ:SPCB), Clovis Oncology (NASDAQ:CLVS), Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), and Express (NYSE:EXPR). More Hot Stocks to Watch SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today CLVS Stock: Why Cancer-Fighting Clovis Oncology Is Soaring Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Source: Shutterstock The trials were for ContraPest, a pest control option that works by reducing the fertility rates of rats.
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Among those names are SuperCom (NASDAQ:SPCB), Clovis Oncology (NASDAQ:CLVS), Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), and Express (NYSE:EXPR). More Hot Stocks to Watch SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today CLVS Stock: Why Cancer-Fighting Clovis Oncology Is Soaring Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SenesTech (NASDAQ:SNES) stock is flying high on Friday after announcing two successful trials of its new pest control products at poultry facilities.
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More Hot Stocks to Watch SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today CLVS Stock: Why Cancer-Fighting Clovis Oncology Is Soaring Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Among those names are SuperCom (NASDAQ:SPCB), Clovis Oncology (NASDAQ:CLVS), Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), and Express (NYSE:EXPR). InvestorPlace - Stock Market News, Stock Advice & Trading Tips SenesTech (NASDAQ:SNES) stock is flying high on Friday after announcing two successful trials of its new pest control products at poultry facilities.
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Among those names are SuperCom (NASDAQ:SPCB), Clovis Oncology (NASDAQ:CLVS), Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), and Express (NYSE:EXPR). More Hot Stocks to Watch SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today CLVS Stock: Why Cancer-Fighting Clovis Oncology Is Soaring Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SenesTech (NASDAQ:SNES) stock is flying high on Friday after announcing two successful trials of its new pest control products at poultry facilities.
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8784.0
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2021-03-19 00:00:00 UTC
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SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today
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AAME
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https://www.nasdaq.com/articles/spcb-stock-alert%3A-why-cybersecurity-play-supercom-is-skyrocketing-today-2021-03-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
SuperCom (NASDAQ:SPCB) stock is skyrocketing on Friday after announcing a massive deal with the Israeli government. This will have it providing the government with quarantine compliance devices to help manage the novel coronavirus pandemic.
Source: Antipina Daria/Shutterstock.com
The Israeli government will be making use of SuperCom’s PureHealth Coronavirus(COVID-19) Quarantine Compliance Solution. This includes a PureCare smartphone and PureTag bracelet to monitor those in quarantine.
To go along with this, the company will also be providing extra services for the devices. Among those services are “installation, training for users, support, monitoring, and reporting.”
SuperCom notes that the deal is set to last for three months and could generate up to $3 million per month in revenue for it. There’s also an option to extend the deal for an additional 36 months.
According to SuperCom, the Israeli government is set to start a nationwide program using the monitoring tech next week. This comes after the completion of a successful trial run of the device. That saw people returning to the country via airport given the chance to use the device while in quarantine.
7 Retail Stocks That Are Far Too Close to Failing
Ordan Trabelsi, president and CEO of SuperCom, said the following about the deal boosting SPCB stock up today.
“We are honored to receive the award by the Israeli government for this large and important national project. This further affirms our strategic approach to mitigating the spread of the coronavirus without causing undue intrusion into daily life.”
SPCB stock is experiencing heavy trading on Friday following news of the deal. That has more than 115 million shares changing hands as of this writing. For comparison, its daily average trading volume is roughly 4 million shares.
SPCB stock was up 57.9% as of Friday morning and is up 112% since the start of the year.
Plenty of other stocks are also catching the eyes of investors today.
A handful of other stocks are on the rise as investors take interest in the companies. That includes Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), and more. Catch up on the lateststock newsfrom InvestorPlace.com below.
More Stocks in the News Today
AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket
ZKIN Stock: New NFT Project Sends ZK International Shares Soaring
EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post SPCB Stock Alert: Why Cybersecurity Play SuperCom Is Skyrocketing Today appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That includes Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), and more. More Stocks in the News Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket ZKIN Stock: New NFT Project Sends ZK International Shares Soaring EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Source: Antipina Daria/Shutterstock.com The Israeli government will be making use of SuperCom’s PureHealth Coronavirus(COVID-19) Quarantine Compliance Solution.
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That includes Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), and more. More Stocks in the News Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket ZKIN Stock: New NFT Project Sends ZK International Shares Soaring EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SuperCom (NASDAQ:SPCB) stock is skyrocketing on Friday after announcing a massive deal with the Israeli government.
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More Stocks in the News Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket ZKIN Stock: New NFT Project Sends ZK International Shares Soaring EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. That includes Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), and more. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SuperCom (NASDAQ:SPCB) stock is skyrocketing on Friday after announcing a massive deal with the Israeli government.
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That includes Atlantic American (NASDAQ:AAME), ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), and more. More Stocks in the News Today AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket ZKIN Stock: New NFT Project Sends ZK International Shares Soaring EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SuperCom (NASDAQ:SPCB) stock is skyrocketing on Friday after announcing a massive deal with the Israeli government.
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8785.0
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2021-03-19 00:00:00 UTC
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AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket
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AAME
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https://www.nasdaq.com/articles/aame-stock%3A-8-things-to-know-about-atlantic-american-as-shares-rocket-2021-03-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite there being no new news to report about the company. Instead, it looks like the stock is the target of retail traders pumping it up before likely dumping it.
Source: thodonal88 / Shutterstock.com
Shares of AAME stock are experiencing increased amounts of trading today. As of this writing, more than 17 million shares of the stock have traded. That’s a significant jump over its daily average trading volume of about 2.2 million shares.
So why is AAME stock heading so high today. There’s loads of talk about it over on Twitter (NYSE:TWTR) from day traders. However, the average investors should be wary of a falling price for the stock once those traders lose interest and dump shares.
Even so, anyone looking at AAME stock today will need to know more about the company. Let’s take a look at what it’s all about below.
Atlantic American is an insurance company based out of Atlanta, Ga.
The company owns three subsidiaries that cover different insurance markets.
That includes life insurance, health insurance, and property insurance, as well as casualty insurance.
The company notes that it has about $500 million in assets backing its business.
It also points out that yearly revenues come in close to $200 million.
Atlantic American’s origins date all the way back to 1937 with the creation of Dilbeck and Dominey Insurance Agency.
It wasn’t until 1968 that AAME was formed to act as a public holding company for four Georgia companies.
Hilton H. Howell, Jr. serves as the chairman, president, and CEO of the company.
7 Retail Stocks That Are Far Too Close to Failing
AAME stock was up 17% as of Friday morning and is up 148% since the start of the year.
Atlantic American isn’t investors’ only choice for a stock making major moves lately.
There are loads of other stocks that have seen positive movement lately. That includes ZK International (NASDAQ:ZKIN), Express (NYSE:EXPR), Tuya (NYSE:TUYA), Jiayin Group (NASDAQ:JFIN), and Takung Art (NYSEMKT:TKAT). InvestorPlace.com has all the details traders need to know below.
More on Stocks Making Big Moves
ZKIN Stock: New NFT Project Sends ZK International Shares Soaring
EXPR Stock: 2 Big Reasons the Reddit Star Is Rocketing Higher
Tuya IPO: 12 Things to Know About the Chinese Software Company as TUYA Stock Starts Trading
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The post AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite there being no new news to report about the company. Source: thodonal88 / Shutterstock.com Shares of AAME stock are experiencing increased amounts of trading today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite there being no new news to report about the company. Source: thodonal88 / Shutterstock.com Shares of AAME stock are experiencing increased amounts of trading today. So why is AAME stock heading so high today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite there being no new news to report about the company. 7 Retail Stocks That Are Far Too Close to Failing AAME stock was up 17% as of Friday morning and is up 148% since the start of the year. Source: thodonal88 / Shutterstock.com Shares of AAME stock are experiencing increased amounts of trading today.
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Even so, anyone looking at AAME stock today will need to know more about the company. The post AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite there being no new news to report about the company.
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8786.0
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2021-02-05 00:00:00 UTC
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AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic
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AAME
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https://www.nasdaq.com/articles/aame-stock%3A-6-things-to-know-about-atlantic-american-as-shares-go-parabolic-2021-02-05
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company.
Source: thodonal88 / Shutterstock.com
That increase comes alongside heavy trading of AAME stock. As of this writing, more than 46 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is only about 28,000 shares.
So why exactly are investors going crazy over AAME stock? Blame the Reddit traders. It looks like this is yet another case of investors on social media comping together to push a stock up higher and enjoy the profits.
8 Biometric Stocks to Consider as We Eye a Return to Normal
Keeping that in mind, here’s what potential investors in AAME stock need to know about the company.
Atlantic American is an insurance holding company with several subsidiaries that focus on different insurance markets.
That includes the life, health, and property and casualty insurance industries.
Subsidiaries under the company include American Southern Insurance Company, xCalibre Benefits, and Bankers Fidelity.
Atlantic American reports that it has roughly half a billion dollars in assets and that its yearly revenues are just shy of $200 million.
The company was founded in 1968 and its headquarters is located in Atlanta, Ga.
Atlantic American has a long history as a public company having joined the stock market in 1981 on the Nasdaq Exchange with its AAME ticker.
AAME stock was up 358.8% as of noon Friday and is up 416.5% since the start of the year.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The post AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company. Source: thodonal88 / Shutterstock.com That increase comes alongside heavy trading of AAME stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company. Source: thodonal88 / Shutterstock.com That increase comes alongside heavy trading of AAME stock. So why exactly are investors going crazy over AAME stock?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company. 8 Biometric Stocks to Consider as We Eye a Return to Normal Keeping that in mind, here’s what potential investors in AAME stock need to know about the company. The company was founded in 1968 and its headquarters is located in Atlanta, Ga. Atlantic American has a long history as a public company having joined the stock market in 1981 on the Nasdaq Exchange with its AAME ticker.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Atlantic American (NASDAQ:AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company. So why exactly are investors going crazy over AAME stock? Source: thodonal88 / Shutterstock.com That increase comes alongside heavy trading of AAME stock.
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8787.0
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2021-02-05 00:00:00 UTC
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Stock Alert: Atlantic American Surges More Than Four Fold
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AAME
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https://www.nasdaq.com/articles/stock-alert%3A-atlantic-american-surges-more-than-four-fold-2021-02-05
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(RTTNews) - Shares of Atlantic American Corp. (AAME) is surging nearly 370% on Friday morning despite no-stock related news.
AAME is currently trading at $11.20, up $8.81 or 368.62%, on the Nasdaq.
Atlantic American, through its subsidiaries, provides life and health, and property and casualty insurance products in the US. It operates through American Southern and Bankers Fidelity segments.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of Atlantic American Corp. (AAME) is surging nearly 370% on Friday morning despite no-stock related news. AAME is currently trading at $11.20, up $8.81 or 368.62%, on the Nasdaq. Atlantic American, through its subsidiaries, provides life and health, and property and casualty insurance products in the US.
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(RTTNews) - Shares of Atlantic American Corp. (AAME) is surging nearly 370% on Friday morning despite no-stock related news. AAME is currently trading at $11.20, up $8.81 or 368.62%, on the Nasdaq. Atlantic American, through its subsidiaries, provides life and health, and property and casualty insurance products in the US.
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(RTTNews) - Shares of Atlantic American Corp. (AAME) is surging nearly 370% on Friday morning despite no-stock related news. AAME is currently trading at $11.20, up $8.81 or 368.62%, on the Nasdaq. Atlantic American, through its subsidiaries, provides life and health, and property and casualty insurance products in the US.
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(RTTNews) - Shares of Atlantic American Corp. (AAME) is surging nearly 370% on Friday morning despite no-stock related news. AAME is currently trading at $11.20, up $8.81 or 368.62%, on the Nasdaq. Atlantic American, through its subsidiaries, provides life and health, and property and casualty insurance products in the US.
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8788.0
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2020-06-18 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Spotify, First Solar, JanOne, Designer Brands
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AAME
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-spotify-first-solar-janone-designer-brands-2020-06-18
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims. .N
At 11:30 ET, the Dow Jones Industrial Average .DJI was down 0.11% at 26,091.52. The S&P 500 .SPX was up 0.04% at 3,114.62 and the Nasdaq Composite .IXIC was up 0.31% at 9,941.389. The top three S&P 500 .PG.INX percentage gainers: ** Dish Network Corp DISH.OQ, up 6.9% ** Waters Corp WAT.N, up 5.4% ** Occidental Petroleum OXY.N, up 4.4% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co KR.N, down 5.7% ** Biogen Inc BIIB.OQ, down 5.4% ** Alliance Data Systems Corp ADS.N, down 4% The top three NYSE .PG.N percentage gainers: ** Nuvrra Environmental Solutions NES.N, up 52.4% ** Ntn Buzztime NTN.N, up 30.3% ** Bbx Capital Corp BBX.N, up 21.2% The top three NYSE .PL.N percentage losers: ** American Shared Hospital Services AMS.N, down 24.5% ** China Rapid Finance XRF.N, down 15.2% ** Team Inc TISI.N, down 14.8% The top three Nasdaq .PG.O percentage gainers: ** Verifyme Inc VRME.O, up 3,104% ** Urban One Inc UONE.O, up 119.3% ** Aethlon Medical Inc AEMD.O, up 104.3% The top three Nasdaq .PL.O percentage losers: ** Arts Way Manufacturing ARTW.O, down 32.5 % ** Highway Holding HIHO.O, down 24.9 % ** Atlantic American Corp AAME.O, down 23.1 % ** ABM Industries ABM.N: up 16.1%
BUZZ-Gains as Q2 profit beats ** Orion Group Holdings ORN.N: up 14.6%
BUZZ-Jumps on $17 mln dredging contracts ** Carnival Corp CCL.N: down 1.4%
BUZZ-Drops on downbeat forecast, dismal Q2 results ** Rexahn Pharmaceuticals REXN.O: up 11.1%
BUZZ-Surges on merger agreement with Ocuphire ** Farmmi Inc FAMI.O: up 80.7%
BUZZ-Surges as subsidiary gets repeat order for mushroom supply ** U.S. Steel X.N: down 10.8%
BUZZ-Slides on $429 mln equity raise ** Chevron Corp CVX.N: up 0.8%
BUZZ-Chevron, Total most likely to enter deals during this downturn- Cowen ** Tonix Pharmaceuticals TNXP.O: up 6.0%
BUZZ-Jumps on expanding COVID-19 vaccine collaboration ** Adamas Pharmaceuticals ADMS.O: down 3.5%
BUZZ-Down on stopping development of multiple sclerosis drug ** Quicklogic Corp QUIK.O: down 18.6%
BUZZ-Slumps on lowered Q2 revenue forecast ** IDEAYA Biosciences Inc IDYA.O: down 20.3%
BUZZ-Falls on $100 mln stock offer ** Fox Factory FOXF.O: down 1.2%
BUZZ-Falls after co prices upsized stock offering ** Francesca's Holdings FRAN.O: down 6.8%
BUZZ-Drops as Q1 sales halve on pandemic-driven closures ** Globus Maritime GLBS.O: down 40.6%
BUZZ-Drops on pricing upsized offering at discount ** Leap Therapeutics LPTX.O: down 15.9%
BUZZ-Drops on $45 mln stock deal ** Tesla TSLA.O: up 1.3%
BUZZ-Jefferies hikes PT to second highest on Street ** Spotify SPOT.N: up 10.5%
BUZZ-Hits record high on DC Comics podcast deal ** Catalyst Biosciences CBIO.O: down 12.7%
BUZZ-Falls on $30 mln equity raise ** Biogen BIIB.O: down 5.4%
BUZZ-Slides after losing patent ruling for multiple sclerosis drug ** Athene Holding ATH.N: up 7.0%
BUZZ-Gains on $500 mln minority stake buy in insurer Jackson ** Hertz Global Holdings HTZ.N: down 5.5%
BUZZ-Falls a day after it suspends share sale ** Designer Brands DBI.N: down 3.4%
BUZZ-Drops on wider-than-expected loss due to store closures ** Amedisys AMED.O: up 3.8%
BUZZ-Benchmark upgrades on likely higher 2021 EBITDA ** First Solar FSLR.O: up 1.8%
BUZZ-Gains on 15-yr power purchase deal with Dow ** Iveric bio ISEE.O: up 23.9%
BUZZ-Jumps after big equity offering upsize ** 1-800-Flowers.Com FLWS.O: up 4.1%
BUZZ-Up on full-year outlook raise ** Paylocity Holding PCTY.O: up 7.3%
BUZZ-RBC raises rating, hikes PT to Street high
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.34%
Consumer Discretionary
.SPLRCD
down 0.10%
Consumer Staples
.SPLRCS
up 0.15%
Energy
.SPNY
up 1.38%
Financial
.SPSY
up 0.16%
Health
.SPXHC
down 0.22%
Industrial
.SPLRCI
down 0.04%
Information Technology
.SPLRCT
up 0.36%
Materials
.SPLRCM
up 0.46%
Real Estate
.SPLRCR
down 1.31%
Utilities
.SPLRCU
down 0.63%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Dish Network Corp DISH.OQ, up 6.9% ** Waters Corp WAT.N, up 5.4% ** Occidental Petroleum OXY.N, up 4.4% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co KR.N, down 5.7% ** Biogen Inc BIIB.OQ, down 5.4% ** Alliance Data Systems Corp ADS.N, down 4% The top three NYSE .PG.N percentage gainers: ** Nuvrra Environmental Solutions NES.N, up 52.4% ** Ntn Buzztime NTN.N, up 30.3% ** Bbx Capital Corp BBX.N, up 21.2% The top three NYSE .PL.N percentage losers: ** American Shared Hospital Services AMS.N, down 24.5% ** China Rapid Finance XRF.N, down 15.2% ** Team Inc TISI.N, down 14.8% The top three Nasdaq .PG.O percentage gainers: ** Verifyme Inc VRME.O, up 3,104% ** Urban One Inc UONE.O, up 119.3% ** Aethlon Medical Inc AEMD.O, up 104.3% The top three Nasdaq .PL.O percentage losers: ** Arts Way Manufacturing ARTW.O, down 32.5 % ** Highway Holding HIHO.O, down 24.9 % ** Atlantic American Corp AAME.O, down 23.1 % ** ABM Industries ABM.N: up 16.1% BUZZ-Gains as Q2 profit beats ** Orion Group Holdings ORN.N: up 14.6% BUZZ-Jumps on $17 mln dredging contracts ** Carnival Corp CCL.N: down 1.4% BUZZ-Drops on downbeat forecast, dismal Q2 results ** Rexahn Pharmaceuticals REXN.O: up 11.1% BUZZ-Surges on merger agreement with Ocuphire ** Farmmi Inc FAMI.O: up 80.7% BUZZ-Surges as subsidiary gets repeat order for mushroom supply ** U.S. Steel X.N: down 10.8% BUZZ-Slides on $429 mln equity raise ** Chevron Corp CVX.N: up 0.8% BUZZ-Chevron, Total most likely to enter deals during this downturn- Cowen ** Tonix Pharmaceuticals TNXP.O: up 6.0% BUZZ-Jumps on expanding COVID-19 vaccine collaboration ** Adamas Pharmaceuticals ADMS.O: down 3.5% BUZZ-Down on stopping development of multiple sclerosis drug ** Quicklogic Corp QUIK.O: down 18.6% BUZZ-Slumps on lowered Q2 revenue forecast ** IDEAYA Biosciences Inc IDYA.O: down 20.3% BUZZ-Falls on $100 mln stock offer ** Fox Factory FOXF.O: down 1.2% BUZZ-Falls after co prices upsized stock offering ** Francesca's Holdings FRAN.O: down 6.8% BUZZ-Drops as Q1 sales halve on pandemic-driven closures ** Globus Maritime GLBS.O: down 40.6% BUZZ-Drops on pricing upsized offering at discount ** Leap Therapeutics LPTX.O: down 15.9% BUZZ-Drops on $45 mln stock deal ** Tesla TSLA.O: up 1.3% BUZZ-Jefferies hikes PT to second highest on Street ** Spotify SPOT.N: up 10.5% BUZZ-Hits record high on DC Comics podcast deal ** Catalyst Biosciences CBIO.O: down 12.7% BUZZ-Falls on $30 mln equity raise ** Biogen BIIB.O: down 5.4% BUZZ-Slides after losing patent ruling for multiple sclerosis drug ** Athene Holding ATH.N: up 7.0% BUZZ-Gains on $500 mln minority stake buy in insurer Jackson ** Hertz Global Holdings HTZ.N: down 5.5% BUZZ-Falls a day after it suspends share sale ** Designer Brands DBI.N: down 3.4% BUZZ-Drops on wider-than-expected loss due to store closures ** Amedisys AMED.O: up 3.8% BUZZ-Benchmark upgrades on likely higher 2021 EBITDA ** First Solar FSLR.O: up 1.8% BUZZ-Gains on 15-yr power purchase deal with Dow ** Iveric bio ISEE.O: up 23.9% BUZZ-Jumps after big equity offering upsize ** 1-800-Flowers.Com FLWS.O: up 4.1% BUZZ-Up on full-year outlook raise ** Paylocity Holding PCTY.O: up 7.3% BUZZ-RBC raises rating, hikes PT to Street high The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims. down 0.63% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Dish Network Corp DISH.OQ, up 6.9% ** Waters Corp WAT.N, up 5.4% ** Occidental Petroleum OXY.N, up 4.4% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co KR.N, down 5.7% ** Biogen Inc BIIB.OQ, down 5.4% ** Alliance Data Systems Corp ADS.N, down 4% The top three NYSE .PG.N percentage gainers: ** Nuvrra Environmental Solutions NES.N, up 52.4% ** Ntn Buzztime NTN.N, up 30.3% ** Bbx Capital Corp BBX.N, up 21.2% The top three NYSE .PL.N percentage losers: ** American Shared Hospital Services AMS.N, down 24.5% ** China Rapid Finance XRF.N, down 15.2% ** Team Inc TISI.N, down 14.8% The top three Nasdaq .PG.O percentage gainers: ** Verifyme Inc VRME.O, up 3,104% ** Urban One Inc UONE.O, up 119.3% ** Aethlon Medical Inc AEMD.O, up 104.3% The top three Nasdaq .PL.O percentage losers: ** Arts Way Manufacturing ARTW.O, down 32.5 % ** Highway Holding HIHO.O, down 24.9 % ** Atlantic American Corp AAME.O, down 23.1 % ** ABM Industries ABM.N: up 16.1% BUZZ-Gains as Q2 profit beats ** Orion Group Holdings ORN.N: up 14.6% BUZZ-Jumps on $17 mln dredging contracts ** Carnival Corp CCL.N: down 1.4% BUZZ-Drops on downbeat forecast, dismal Q2 results ** Rexahn Pharmaceuticals REXN.O: up 11.1% BUZZ-Surges on merger agreement with Ocuphire ** Farmmi Inc FAMI.O: up 80.7% BUZZ-Surges as subsidiary gets repeat order for mushroom supply ** U.S. Steel X.N: down 10.8% BUZZ-Slides on $429 mln equity raise ** Chevron Corp CVX.N: up 0.8% BUZZ-Chevron, Total most likely to enter deals during this downturn- Cowen ** Tonix Pharmaceuticals TNXP.O: up 6.0% BUZZ-Jumps on expanding COVID-19 vaccine collaboration ** Adamas Pharmaceuticals ADMS.O: down 3.5% BUZZ-Down on stopping development of multiple sclerosis drug ** Quicklogic Corp QUIK.O: down 18.6% BUZZ-Slumps on lowered Q2 revenue forecast ** IDEAYA Biosciences Inc IDYA.O: down 20.3% BUZZ-Falls on $100 mln stock offer ** Fox Factory FOXF.O: down 1.2% BUZZ-Falls after co prices upsized stock offering ** Francesca's Holdings FRAN.O: down 6.8% BUZZ-Drops as Q1 sales halve on pandemic-driven closures ** Globus Maritime GLBS.O: down 40.6% BUZZ-Drops on pricing upsized offering at discount ** Leap Therapeutics LPTX.O: down 15.9% BUZZ-Drops on $45 mln stock deal ** Tesla TSLA.O: up 1.3% BUZZ-Jefferies hikes PT to second highest on Street ** Spotify SPOT.N: up 10.5% BUZZ-Hits record high on DC Comics podcast deal ** Catalyst Biosciences CBIO.O: down 12.7% BUZZ-Falls on $30 mln equity raise ** Biogen BIIB.O: down 5.4% BUZZ-Slides after losing patent ruling for multiple sclerosis drug ** Athene Holding ATH.N: up 7.0% BUZZ-Gains on $500 mln minority stake buy in insurer Jackson ** Hertz Global Holdings HTZ.N: down 5.5% BUZZ-Falls a day after it suspends share sale ** Designer Brands DBI.N: down 3.4% BUZZ-Drops on wider-than-expected loss due to store closures ** Amedisys AMED.O: up 3.8% BUZZ-Benchmark upgrades on likely higher 2021 EBITDA ** First Solar FSLR.O: up 1.8% BUZZ-Gains on 15-yr power purchase deal with Dow ** Iveric bio ISEE.O: up 23.9% BUZZ-Jumps after big equity offering upsize ** 1-800-Flowers.Com FLWS.O: up 4.1% BUZZ-Up on full-year outlook raise ** Paylocity Holding PCTY.O: up 7.3% BUZZ-RBC raises rating, hikes PT to Street high The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims. .N At 11:30 ET, the Dow Jones Industrial Average .DJI was down 0.11% at 26,091.52.
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The top three S&P 500 .PG.INX percentage gainers: ** Dish Network Corp DISH.OQ, up 6.9% ** Waters Corp WAT.N, up 5.4% ** Occidental Petroleum OXY.N, up 4.4% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co KR.N, down 5.7% ** Biogen Inc BIIB.OQ, down 5.4% ** Alliance Data Systems Corp ADS.N, down 4% The top three NYSE .PG.N percentage gainers: ** Nuvrra Environmental Solutions NES.N, up 52.4% ** Ntn Buzztime NTN.N, up 30.3% ** Bbx Capital Corp BBX.N, up 21.2% The top three NYSE .PL.N percentage losers: ** American Shared Hospital Services AMS.N, down 24.5% ** China Rapid Finance XRF.N, down 15.2% ** Team Inc TISI.N, down 14.8% The top three Nasdaq .PG.O percentage gainers: ** Verifyme Inc VRME.O, up 3,104% ** Urban One Inc UONE.O, up 119.3% ** Aethlon Medical Inc AEMD.O, up 104.3% The top three Nasdaq .PL.O percentage losers: ** Arts Way Manufacturing ARTW.O, down 32.5 % ** Highway Holding HIHO.O, down 24.9 % ** Atlantic American Corp AAME.O, down 23.1 % ** ABM Industries ABM.N: up 16.1% BUZZ-Gains as Q2 profit beats ** Orion Group Holdings ORN.N: up 14.6% BUZZ-Jumps on $17 mln dredging contracts ** Carnival Corp CCL.N: down 1.4% BUZZ-Drops on downbeat forecast, dismal Q2 results ** Rexahn Pharmaceuticals REXN.O: up 11.1% BUZZ-Surges on merger agreement with Ocuphire ** Farmmi Inc FAMI.O: up 80.7% BUZZ-Surges as subsidiary gets repeat order for mushroom supply ** U.S. Steel X.N: down 10.8% BUZZ-Slides on $429 mln equity raise ** Chevron Corp CVX.N: up 0.8% BUZZ-Chevron, Total most likely to enter deals during this downturn- Cowen ** Tonix Pharmaceuticals TNXP.O: up 6.0% BUZZ-Jumps on expanding COVID-19 vaccine collaboration ** Adamas Pharmaceuticals ADMS.O: down 3.5% BUZZ-Down on stopping development of multiple sclerosis drug ** Quicklogic Corp QUIK.O: down 18.6% BUZZ-Slumps on lowered Q2 revenue forecast ** IDEAYA Biosciences Inc IDYA.O: down 20.3% BUZZ-Falls on $100 mln stock offer ** Fox Factory FOXF.O: down 1.2% BUZZ-Falls after co prices upsized stock offering ** Francesca's Holdings FRAN.O: down 6.8% BUZZ-Drops as Q1 sales halve on pandemic-driven closures ** Globus Maritime GLBS.O: down 40.6% BUZZ-Drops on pricing upsized offering at discount ** Leap Therapeutics LPTX.O: down 15.9% BUZZ-Drops on $45 mln stock deal ** Tesla TSLA.O: up 1.3% BUZZ-Jefferies hikes PT to second highest on Street ** Spotify SPOT.N: up 10.5% BUZZ-Hits record high on DC Comics podcast deal ** Catalyst Biosciences CBIO.O: down 12.7% BUZZ-Falls on $30 mln equity raise ** Biogen BIIB.O: down 5.4% BUZZ-Slides after losing patent ruling for multiple sclerosis drug ** Athene Holding ATH.N: up 7.0% BUZZ-Gains on $500 mln minority stake buy in insurer Jackson ** Hertz Global Holdings HTZ.N: down 5.5% BUZZ-Falls a day after it suspends share sale ** Designer Brands DBI.N: down 3.4% BUZZ-Drops on wider-than-expected loss due to store closures ** Amedisys AMED.O: up 3.8% BUZZ-Benchmark upgrades on likely higher 2021 EBITDA ** First Solar FSLR.O: up 1.8% BUZZ-Gains on 15-yr power purchase deal with Dow ** Iveric bio ISEE.O: up 23.9% BUZZ-Jumps after big equity offering upsize ** 1-800-Flowers.Com FLWS.O: up 4.1% BUZZ-Up on full-year outlook raise ** Paylocity Holding PCTY.O: up 7.3% BUZZ-RBC raises rating, hikes PT to Street high The 11 major S&P 500 sectors: Communication Services down 0.34% Consumer Discretionary down 0.10% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Dish Network Corp DISH.OQ, up 6.9% ** Waters Corp WAT.N, up 5.4% ** Occidental Petroleum OXY.N, up 4.4% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co KR.N, down 5.7% ** Biogen Inc BIIB.OQ, down 5.4% ** Alliance Data Systems Corp ADS.N, down 4% The top three NYSE .PG.N percentage gainers: ** Nuvrra Environmental Solutions NES.N, up 52.4% ** Ntn Buzztime NTN.N, up 30.3% ** Bbx Capital Corp BBX.N, up 21.2% The top three NYSE .PL.N percentage losers: ** American Shared Hospital Services AMS.N, down 24.5% ** China Rapid Finance XRF.N, down 15.2% ** Team Inc TISI.N, down 14.8% The top three Nasdaq .PG.O percentage gainers: ** Verifyme Inc VRME.O, up 3,104% ** Urban One Inc UONE.O, up 119.3% ** Aethlon Medical Inc AEMD.O, up 104.3% The top three Nasdaq .PL.O percentage losers: ** Arts Way Manufacturing ARTW.O, down 32.5 % ** Highway Holding HIHO.O, down 24.9 % ** Atlantic American Corp AAME.O, down 23.1 % ** ABM Industries ABM.N: up 16.1% BUZZ-Gains as Q2 profit beats ** Orion Group Holdings ORN.N: up 14.6% BUZZ-Jumps on $17 mln dredging contracts ** Carnival Corp CCL.N: down 1.4% BUZZ-Drops on downbeat forecast, dismal Q2 results ** Rexahn Pharmaceuticals REXN.O: up 11.1% BUZZ-Surges on merger agreement with Ocuphire ** Farmmi Inc FAMI.O: up 80.7% BUZZ-Surges as subsidiary gets repeat order for mushroom supply ** U.S. Steel X.N: down 10.8% BUZZ-Slides on $429 mln equity raise ** Chevron Corp CVX.N: up 0.8% BUZZ-Chevron, Total most likely to enter deals during this downturn- Cowen ** Tonix Pharmaceuticals TNXP.O: up 6.0% BUZZ-Jumps on expanding COVID-19 vaccine collaboration ** Adamas Pharmaceuticals ADMS.O: down 3.5% BUZZ-Down on stopping development of multiple sclerosis drug ** Quicklogic Corp QUIK.O: down 18.6% BUZZ-Slumps on lowered Q2 revenue forecast ** IDEAYA Biosciences Inc IDYA.O: down 20.3% BUZZ-Falls on $100 mln stock offer ** Fox Factory FOXF.O: down 1.2% BUZZ-Falls after co prices upsized stock offering ** Francesca's Holdings FRAN.O: down 6.8% BUZZ-Drops as Q1 sales halve on pandemic-driven closures ** Globus Maritime GLBS.O: down 40.6% BUZZ-Drops on pricing upsized offering at discount ** Leap Therapeutics LPTX.O: down 15.9% BUZZ-Drops on $45 mln stock deal ** Tesla TSLA.O: up 1.3% BUZZ-Jefferies hikes PT to second highest on Street ** Spotify SPOT.N: up 10.5% BUZZ-Hits record high on DC Comics podcast deal ** Catalyst Biosciences CBIO.O: down 12.7% BUZZ-Falls on $30 mln equity raise ** Biogen BIIB.O: down 5.4% BUZZ-Slides after losing patent ruling for multiple sclerosis drug ** Athene Holding ATH.N: up 7.0% BUZZ-Gains on $500 mln minority stake buy in insurer Jackson ** Hertz Global Holdings HTZ.N: down 5.5% BUZZ-Falls a day after it suspends share sale ** Designer Brands DBI.N: down 3.4% BUZZ-Drops on wider-than-expected loss due to store closures ** Amedisys AMED.O: up 3.8% BUZZ-Benchmark upgrades on likely higher 2021 EBITDA ** First Solar FSLR.O: up 1.8% BUZZ-Gains on 15-yr power purchase deal with Dow ** Iveric bio ISEE.O: up 23.9% BUZZ-Jumps after big equity offering upsize ** 1-800-Flowers.Com FLWS.O: up 4.1% BUZZ-Up on full-year outlook raise ** Paylocity Holding PCTY.O: up 7.3% BUZZ-RBC raises rating, hikes PT to Street high The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims. .N At 11:30 ET, the Dow Jones Industrial Average .DJI was down 0.11% at 26,091.52.
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8789.0
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2019-04-08 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for April 09, 2019
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-april-09-2019-2019-04-08
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2019. A cash dividend payment of $0.02 per share is scheduled to be paid on April 24, 2019. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $2.65, representing a -30.26% decrease from the 52 week high of $3.80 and a 20.45% increase over the 52 week low of $2.20.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). AAME's current earnings per share, an indicator of a company's profitability, is -$.05.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2019. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2019.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is -$.05. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2019.
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8790.0
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2017-04-10 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for April 11, 2017
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-april-11-2017-2017-04-10
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 11, 2017. A cash dividend payment of $0.02 per share is scheduled to be paid on April 24, 2017. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $3.98, representing a -18.87% decrease from the 52 week high of $4.90 and a 29.91% increase over the 52 week low of $3.06.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). AAME's current earnings per share, an indicator of a company's profitability, is $.11.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 11, 2017. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 11, 2017.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.11. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 11, 2017.
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8791.0
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2016-09-09 00:00:00 UTC
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Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks
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AAME
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https://www.nasdaq.com/articles/friday-sector-leaders-music-electronics-stores-life-health-insurance-stocks-2016-09-09
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nan
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nan
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In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Conns Incorporated, up about 12.4% and shares of Best Buy off about 0.1% on the day.
Also showing relative strength are life & health insurance shares, up on the day by about 0.6% as a group, led by China Life Insurance Company, trading higher by about 3.2% and Atlantic American, trading up by about 2.6% on Friday.
VIDEO: Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 1.4%. Also showing relative strength are life & health insurance shares, up on the day by about 0.6% as a group, led by China Life Insurance Company, trading higher by about 3.2% and Atlantic American, trading up by about 2.6% on Friday. VIDEO: Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 1.4%. VIDEO: Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are life & health insurance shares, up on the day by about 0.6% as a group, led by China Life Insurance Company, trading higher by about 3.2% and Atlantic American, trading up by about 2.6% on Friday. VIDEO: Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Conns Incorporated, up about 12.4% and shares of Best Buy off about 0.1% on the day. VIDEO: Friday Sector Leaders: Music & Electronics Stores, Life & Health Insurance Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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8792.0
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2016-04-06 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for April 07, 2016
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-april-07-2016-2016-04-06
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 07, 2016. A cash dividend payment of $0.02 per share is scheduled to be paid on April 22, 2016. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $4.85, representing a -3% decrease from the 52 week high of $5 and a 56.95% increase over the 52 week low of $3.09.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). AAME's current earnings per share, an indicator of a company's profitability, is $.25.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 07, 2016. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 07, 2016.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.25. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 07, 2016.
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8793.0
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2015-12-11 00:00:00 UTC
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3 Value Stocks With Momentum Bubbling Under the Surface
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AAME
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https://www.nasdaq.com/articles/3-value-stocks-momentum-bubbling-under-surface-2015-12-11
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nan
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nan
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By Tim Melvin, InvestorPlace Contributor
I am a “dyed in the wool” value investor, and have been for most of my professional career. The concept of buying assets and earnings for pennies on the dollar just makes an enormous amount of sense to me.
Over the years, I have made it a point to stay current on academic research, adding tools to the box that help select value stocks harboring fundamental strength and quality factors to improve stock selection.
In recent years, there has been a lot of research done about combining value, fundamental and quality factors with momentum, and the results of the studies have been quite positive.
PLUS: 5 Stocks You MUST Watch in 2016
To search for stocks that would fit these models I looked for stock with low price-to-book value that also have high Piotroski F-scores. Rather than reinvent the wheel, I then used Louis Navellier’s Portfolio Grader and focused on those that had high quantitative grades to select value stocks with the type of buying pressure that creates strong momentum.
Republic Bancorp (RBCAA)
Republic Bancorp (RBCAA) has been one of my favorite banks the past couple of years. The bank has transformed itself from a high growth bank with a focus on tax refund loans to a regular old bank with a small tax anticipation loan practice.
They have made some smart acquisitions in the past few year and recently purchased Cornerstone Community Bancorp to gain access to the very prosperous and fast growing Tampa St. Petersburg market in Florida.
Republic has seen strong loan and earnings growth and is well positioned for what should be a strong year for community banks. The stock still trades below book value and a Piotroski F-score of 5. Republic Bancorp has a top quantitative grade of A so the stock is also a sold Value momentum selection.
Atlantic American (AAME)
Atlantic American (AAME) is in a pretty basic business. They sell life, health and property and casualty insurance industries through independent agencies.
It operates through three companies: American Southern sells car insurance to businesses and municipalities covering everything from a fleet of company cars to a municipalities school busses; Bankers Fidelity sells specialized life and supplemental health products focused on the senior market; and xCalibre Benefits provides third-party administrative services for employee benefits programs.
AAME stock is trading at 95% of book value, has an f-score of 5 and earns a quantitative grade of A, so it qualifies as a solid value-momentum stock selection.
Kelly Services (KELYA)
Kelly Services (KELYA) is one of the leading temporary staffing and consulting firms in the world today. It provides companies with administrative, professional and scientific staff.
As the global economy creeps toward a full recovery, business is getting better. In the most recent quarter, Kelly Services reported earnings of 23 cents vs 10 cents (excluding restructuring), a 130% increase year-over-year.
The global staffing giant has successfully cut costs and should see strong growth in revenues and earnings as the global economy gets stronger over the next few years. The company has an F-score of 6 and trades at a P/B value ratio of just 84%.
Shares of Kelly Services were just upgraded by Portfolio Grader to a B quantitative grade yesterday, so it is an emerging value momentum selection.
As of this writing, Tim Melvin did not hold a position in any of the aforementioned securities.
This article was originally published on InvestorPlace Media.
Plus:
3 Stocks to Hold for the Next 20 Years
3 Glittery Gold Miners to Buy Today
5 Stocks to Buy for December
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American (AAME) Atlantic American (AAME) is in a pretty basic business. AAME stock is trading at 95% of book value, has an f-score of 5 and earns a quantitative grade of A, so it qualifies as a solid value-momentum stock selection. Rather than reinvent the wheel, I then used Louis Navellier’s Portfolio Grader and focused on those that had high quantitative grades to select value stocks with the type of buying pressure that creates strong momentum.
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Atlantic American (AAME) Atlantic American (AAME) is in a pretty basic business. AAME stock is trading at 95% of book value, has an f-score of 5 and earns a quantitative grade of A, so it qualifies as a solid value-momentum stock selection. Republic Bancorp (RBCAA) Republic Bancorp (RBCAA) has been one of my favorite banks the past couple of years.
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AAME stock is trading at 95% of book value, has an f-score of 5 and earns a quantitative grade of A, so it qualifies as a solid value-momentum stock selection. Atlantic American (AAME) Atlantic American (AAME) is in a pretty basic business. It operates through three companies: American Southern sells car insurance to businesses and municipalities covering everything from a fleet of company cars to a municipalities school busses; Bankers Fidelity sells specialized life and supplemental health products focused on the senior market; and xCalibre Benefits provides third-party administrative services for employee benefits programs.
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AAME stock is trading at 95% of book value, has an f-score of 5 and earns a quantitative grade of A, so it qualifies as a solid value-momentum stock selection. Atlantic American (AAME) Atlantic American (AAME) is in a pretty basic business. By Tim Melvin, InvestorPlace Contributor I am a “dyed in the wool” value investor, and have been for most of my professional career.
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8794.0
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2015-04-08 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for April 09, 2015
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-april-09-2015-2015-04-08
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2015. A cash dividend payment of $0.02 per share is scheduled to be paid on April 24, 2015. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $3.94, representing a -10.05% decrease from the 52 week high of $4.38 and a 21.98% increase over the 52 week low of $3.23.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). AAME's current earnings per share, an indicator of a company's profitability, is $.19.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2015. Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2015.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.19. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on April 09, 2015.
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8795.0
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2014-11-11 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for November 12, 2014
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-november-12-2014-2014-11-11
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on November 12, 2014. A cash dividend payment of $0.02 per share is scheduled to be paid on December 05, 2014. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAME has paid the same dividend.
The previous trading day's last sale of AAME was $3.77, representing a -13.93% decrease from the 52 week high of $4.38 and a 16.72% increase over the 52 week low of $3.23.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). AAME's current earnings per share, an indicator of a company's profitability, is $.19.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on November 12, 2014. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on November 12, 2014.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and MetLife, Inc. ( MET ). For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.19. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on November 12, 2014.
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8796.0
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2014-06-03 00:00:00 UTC
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5 Keys To Spotting Value Stocks
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AAME
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https://www.nasdaq.com/articles/5-keys-spotting-value-stocks-2014-06-03
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nan
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nan
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In his book Investment Fables, Aswath Damodaran looks at what does and does not work in the stock market. He examines various theories of stock selection including the value, growth and momentum approaches.
Value investors know that buying stocks that trade below book value outperforms the market, but may be surprised by Damodaran's keys to maximizing the approach. His research showed that investors should focus on stocks with five features:
trading below book value
not overly leveraged
earning a return on equity of eight percent
not overly volatile
trading for at least $3 per share
To act on his ideas, set a screen that searches for stocks that meet his base criteria, and discard any that trade below $3 or are very volatile. One such screen is:
Price to Book Value Ratio of 80 percent or Less
Debt to Capital Ratio less than 70 percent
Return on Equity of More than eight percent
After an extended market advance the past few years, it should come as no surprise that very few US stocks pass the test right now. Markets trading at all-time highs tend to offer a very limited opportunity set for value investors.
Just 12 companies make the grade right now. The list is heavily skewed towards financials, with banks and insurance companies dominating the list. Four value opportunities are profiled below.
The largest company in the list of potentially market-beating stocks is none other than American International Group (AIG). After serving as the poster child of too big to fail bailout institutions, the company has started to get its act together.
The company provides a wide array of financial services including property and casualty insurance, life insurance, retirement planning and mortgage insurance. The shares currently trade at 75 percent of book value and AIG earns a return on equity of 9.04 percent. After being recapitalized, the debt to equity ratio is currently 0.38 so it passes the leverage threshold as well.
The company has made great strides over the last few years, but there is still a long way to go. If it continues to succeed with its turnaround, the stock could be a lot higher a few years from now.
Renewable Energy Group (REGI) is in the biofuel and renewable chemical business. It converts natural fats, oils and greases into advanced biofuels and in turn, diverse feed stocks into renewable chemicals. The company trades right at 80 percent of book value and has a return on equity of 30 percent.
The debt to equity ratio is just 0.33 after the recent convertible notes offering. Right now Renewable Energy is the only non-financial stock on the list of potentially market beating cheap stocks.
Atlantic American (AAME) is in the insurance business and sells life and health as well as property and casualty insurance. The stock sells at 76 percent of book value and the company earns a return on equity of 10.9 percent.
The debt to equity ratio is just 0.40, so the stock passes the leverage threshold as well. The company has been taking advantage of the low valuation and recently authorized a new 750,000 share buyback.
CNO Insurance (CNO) is yet another insurance company that makes the grade. It sells life and health insurance through agents and direct marketing through their three subsidiaries: Bankers Life, Colonial Penn and Conseco Insurance Group.
The stock sells at just 75 percent of book value and it earns a return on equity of 9.65 percent. The debt to capital ratio is right at the upper limit of 70 so it is one of the more leveraged stocks that passes the filters.
The approach outlined by Professor Damodaran has been proven to be a very effective method of picking stocks for long term returns. As with most other value oriented approaches to the market, right now there simply are not many opportunities.
Plus:
What Is T-Mobile Doing With ETFs?
3 MLP ETFs To Boost Portfolio Yield
Soup Sector Is Bullish Despite Bearish Results From Campbell Soup
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American (AAME) is in the insurance business and sells life and health as well as property and casualty insurance. Value investors know that buying stocks that trade below book value outperforms the market, but may be surprised by Damodaran's keys to maximizing the approach. It converts natural fats, oils and greases into advanced biofuels and in turn, diverse feed stocks into renewable chemicals.
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Atlantic American (AAME) is in the insurance business and sells life and health as well as property and casualty insurance. His research showed that investors should focus on stocks with five features: trading below book value not overly leveraged earning a return on equity of eight percent not overly volatile trading for at least $3 per share To act on his ideas, set a screen that searches for stocks that meet his base criteria, and discard any that trade below $3 or are very volatile. The company provides a wide array of financial services including property and casualty insurance, life insurance, retirement planning and mortgage insurance.
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Atlantic American (AAME) is in the insurance business and sells life and health as well as property and casualty insurance. His research showed that investors should focus on stocks with five features: trading below book value not overly leveraged earning a return on equity of eight percent not overly volatile trading for at least $3 per share To act on his ideas, set a screen that searches for stocks that meet his base criteria, and discard any that trade below $3 or are very volatile. One such screen is: Price to Book Value Ratio of 80 percent or Less Debt to Capital Ratio less than 70 percent Return on Equity of More than eight percent After an extended market advance the past few years, it should come as no surprise that very few US stocks pass the test right now.
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Atlantic American (AAME) is in the insurance business and sells life and health as well as property and casualty insurance. Value investors know that buying stocks that trade below book value outperforms the market, but may be surprised by Damodaran's keys to maximizing the approach. One such screen is: Price to Book Value Ratio of 80 percent or Less Debt to Capital Ratio less than 70 percent Return on Equity of More than eight percent After an extended market advance the past few years, it should come as no surprise that very few US stocks pass the test right now.
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8797.0
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2013-03-25 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for March 26, 2013
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.02 per share is scheduled to be paid on April 26, 2013. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -60% decrease from the prior quarter.
The previous trading day's last sale of AAME was $3.38, representing a -2.03% decrease from the 52 week high of $3.45 and a 56.48% increase over the 52 week low of $2.16.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). AAME's current earnings per share, an indicator of a company's profitability, is $.18.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corporation ( AAME ) will begin trading ex-dividend on March 26, 2013. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on March 26, 2013.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAME was $3.38, representing a -2.03% decrease from the 52 week high of $3.45 and a 56.48% increase over the 52 week low of $2.16. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ).
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. Atlantic American Corporation ( AAME ) will begin trading ex-dividend on March 26, 2013. The previous trading day's last sale of AAME was $3.38, representing a -2.03% decrease from the 52 week high of $3.45 and a 56.48% increase over the 52 week low of $2.16.
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8798.0
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2012-12-10 00:00:00 UTC
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Atlantic American Corporation (AAME) Ex-Dividend Date Scheduled for December 12, 2012
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AAME
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https://www.nasdaq.com/articles/atlantic-american-corporation-aame-ex-dividend-date-scheduled-december-12-2012-2012-12-10
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nan
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nan
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Atlantic American Corporation ( AAME ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.05 per share scheduled for December 27, 2012. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 150% increase over the prior quarter.
The previous trading day's last sale of AAME was $2.94, representing a -2.97% decrease from the 52 week high of $3.03 and a 58.92% increase over the 52 week low of $1.85.
AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). AAME's current earnings per share, an indicator of a company's profitability, is $.18.
For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. AAME's current earnings per share, an indicator of a company's profitability, is $.18. For more information on the declaration, record and payment dates, visit the AAME Dividend History page.
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Atlantic American Corporation ( AAME ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.05 per share scheduled for December 27, 2012. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Atlantic American Corporation ( AAME ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.05 per share scheduled for December 27, 2012. Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ).
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Shareholders who purchased AAME stock prior to the ex-dividend date are eligible for the cash dividend payment. AAME is a part of the Finance sector, which includes companies such as China Life Insurance Company Limited ( LFC ) and Prudential Public Limited Company ( PUK ). Atlantic American Corporation ( AAME ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.05 per share scheduled for December 27, 2012.
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8799.0
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2011-02-08 00:00:00 UTC
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6 Financial Penny Stocks to Buy Now
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AAME
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https://www.nasdaq.com/articles/6-financial-penny-stocks-buy-now-2011-02-08
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nan
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nan
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Financial stocks have been showing signs of life after a rather disappointing 2010. Take Bank ofAmerica (NYSE: BAC ) and Wells Fargo (NYSE: WFC) , both up +10% since the first of the year. That's almost double the broader market. This has caused many investors to view financials as some of the best stocks for 2011.
But the big banks aren't the only stocks on the rise in 2011. A number of financial penny stocks and cheap banks trading for just a few dollars a share are heating up. These bargain financials have seen some very impressive gains lately. and if this trend continues, these picks could soar in the months ahead as financials hit their stride.
Related Article:Why Bank of America is Your Best Buy
Here are six top financial penny stocks for you to consider buying this week:
Village Bank & Trust Financial Corp. (VBFC)
Bank holding company Village Bank & Trust Financial Corp. (NASDAQ: VBFC ) leads off the list of top financial penny stocks to buy. Over the past 12 months, this penny stock is up +32%, compared to gains of +30% and +21% for the NASDAQ and Dow Jones. This stock lost some ground towards the end of 2010, but in the three months has gained an impressive +52%. It should also be noted that in its last income statement, VBFC reported a remarkable quarterly revenue growth of +769%, year-over-year.
Manhattan Bridge Capital Inc. (LOAN)
Manhattan Bridge Capital Inc. (NASDAQ: LOAN ) is known for its short term secured non-banking commercial loans that it provides to small businesses. Over the last 52 weeks, this financial stock is up +32%, compared to smaller gains by the broader markets. Likewise, in the last month, LOAD has posted gains of +12%. While the number is as shocking at VBFC's, LOAN's quarterly revenue growth was a solid +6%, year-over-year, in its last income statement.
Related Article : 5 Reasons to Buy Real Estate Now
Sprott Resource Lending Corp. (SILU)
Next on the list is Sprott Resource Lending Corp. (NYSE: SILU ), which focuses on bridge and mezzanine lending to mining companies, exploration and development companies, and oil and gas companies internationally. SILU is currently looking strong after posting a gain of +5% since the start of 2011. Over the past year, the stock has climbed +61%, compared to smaller gains by the broader markets. Importantly, SILU is trading near the high end of its 52-week range of $1.10 to $1.98.
Atlantic American Corp. (AAME)
Atlantic American Corp. (NASDAQ: AAME ) is a holding company whose subsidiaries deal with the well-defined specialty markets within a variety of insurance industries. In the last year, this penny stock has jumped +60%, and more recently, it is up +22% in the last three months. This financial company also posted a quarterly revenue growth of +6%, year-over-year, recently. Buy AAME stock as it is trading just pennies away from its 52-week high of $2.25.
Anchor Bancorp Wisconsin Inc. (ABCW)
Holding company Anchor Bancorp Wisconsin Inc. (NASDAQ: ABCW ) deals with the savings and loan industry. Like the rest of the companies on this list, ABCW has shined as of late, and has skyrocketed +198% in the last three months. This includes a steady gain of +18% in the last 30 days. With a 52-week range of 40 cents to $1.90, you should strongly consider buying this penny stock.
Related Article : Proof that Social Security Taxes are a Good 'Investment' Central Federal Corp. (CFBK)
Rounding out the list of top financial penny stocks to buy is holding company Central Federal Corp. (NASDAQ: CFBK ) whose subsidiary is a federally chartered savings association. In the last month alone, this stock has risen an incredible +80%. This penny stock was trading at just 45 cents in December, but has since reached a 52-week high of $2.26. While CFBK has pulled back slightly from its peak, it has still given its shareholders tremendous gains in the last few months. Buy this stock before you miss the next jump.
As of this writing, Louis Navellier did not own a position in any of the stocks named here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlantic American Corp. (AAME) Atlantic American Corp. (NASDAQ: AAME ) is a holding company whose subsidiaries deal with the well-defined specialty markets within a variety of insurance industries. Buy AAME stock as it is trading just pennies away from its 52-week high of $2.25. A number of financial penny stocks and cheap banks trading for just a few dollars a share are heating up.
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Atlantic American Corp. (AAME) Atlantic American Corp. (NASDAQ: AAME ) is a holding company whose subsidiaries deal with the well-defined specialty markets within a variety of insurance industries. Buy AAME stock as it is trading just pennies away from its 52-week high of $2.25. Related Article:Why Bank of America is Your Best Buy Here are six top financial penny stocks for you to consider buying this week: Village Bank & Trust Financial Corp. (VBFC) Bank holding company Village Bank & Trust Financial Corp. (NASDAQ: VBFC ) leads off the list of top financial penny stocks to buy.
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Atlantic American Corp. (AAME) Atlantic American Corp. (NASDAQ: AAME ) is a holding company whose subsidiaries deal with the well-defined specialty markets within a variety of insurance industries. Buy AAME stock as it is trading just pennies away from its 52-week high of $2.25. Related Article:Why Bank of America is Your Best Buy Here are six top financial penny stocks for you to consider buying this week: Village Bank & Trust Financial Corp. (VBFC) Bank holding company Village Bank & Trust Financial Corp. (NASDAQ: VBFC ) leads off the list of top financial penny stocks to buy.
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Buy AAME stock as it is trading just pennies away from its 52-week high of $2.25. Atlantic American Corp. (AAME) Atlantic American Corp. (NASDAQ: AAME ) is a holding company whose subsidiaries deal with the well-defined specialty markets within a variety of insurance industries. Related Article:Why Bank of America is Your Best Buy Here are six top financial penny stocks for you to consider buying this week: Village Bank & Trust Financial Corp. (VBFC) Bank holding company Village Bank & Trust Financial Corp. (NASDAQ: VBFC ) leads off the list of top financial penny stocks to buy.
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