Oil and gas stocks aren’t much loved by investors now, but BMO analyst Daniel Boyd thinks Chevron can outperform because of its strong presence in the Permian Basin and its sustained 5% dividend growth.
U.S. stocks marched broadly higher in midday trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies accounted for a big share of the market's gains. Microsoft gained 1.1% and Apple rose 1.4%. Health care stocks also climbed. Merck rose 1.6%. Financial stocks rose as bond prices fell, pushing yields higher. American Express picked up 1%. Real estate and utilities lagged the rest of the market. The rally came ahead of the afternoon release of the minutes from the Federal Reserve's latest interest rate policy
NUEVA YORK (AP) — Los principales indicadores de Wall Street repuntaban en las primeras operaciones del miércoles luego de una serie de fuertes reportes trimestrales de varias de las grandes minoristas de Estados Unidos. Las acciones de Target y Lowe's encabezaban a la racha alcista en el sector del menudeo, mientras el mercado repuntaba luego de su primera jornada de pérdidas en cuatro días. Las compañías tecnológicas también registraban buenas ganancias. Microsoft ganaba 1,3%, y Apple subía 1,2%. Siendo las 10:28 de la mañana, el índice S&P 500 avanzaba 24 puntos, 0,8%, a 2.924. El índice industrial Dow Jones ganaba 237 puntos, 0,9%, a 26.199. El compuesto Nasdaq sumaba 80 puntos, 1%, a 8.028.
SAN DIEGO, Aug. 21, 2019 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Dropbox, Inc. (DBX) ("DropBox") for violations of federal securities laws. On or about March 23, 2018, Dropbox sold 36 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 a share raising $756,000,000 in new capital. However, since the IPO, Dropbox stock has plunged, on August 20, 2019, the stock closed at $17.80.
Enlightenment Research LLC bought a new position in Estee Lauder Companies Inc (NYSE:EL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,500 shares of the company's stock, valued at approximately $1,274,000. Other institutional investors and hedge funds have also recently modified their holdings of the company. Conning Inc. grew its stake in shares of Estee Lauder Companies by 0.8% in the first quarter. Conning Inc. now owns 7,506 shares of the company's stock worth $1,243,000 after acquiring an additional 60 shares during the last quarter. Contravisory Investment Management Inc.
Much unlike calendar 2018, calendar 2019 has been a really good year for shares of global social media giant Facebook (NASDAQ:FB). Year-to-date, FB stock is up more than 40%. For what it's worth, FB stock fell 25% in 2018.Source: rvlsoft / Shutterstock.com Most signs indicate that calendar 2018 was the anomaly, and that FB stock will sustain this year's strength into the foreseeable future. Specifically, there are three big reasons Facebook stock looks good here and now.First, the fundamentals suggest that Facebook stock has upside to levels far above $200 before 2019 is out, implying big upside potential over the next three months. Second, the optics suggest that investors will have a big appetite for FB stock over the next 12 months, and that big appetite should push Facebook shares higher for the foreseeable future. Third, the technicals look really good here, and suggest that Facebook stock is due for a big end-of-year rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet net, FB stock looks compelling here and now. Here's a deeper look. Fundamentals Suggest Upside to Above $200The primary and most important reason to buy FB stock here and now is that the fundamentals are strong and improving, and pave the path for the stock to soar -- and stay -- above $200 before the year is out. * 10 Stocks Under $5 to Buy for Fall Along with a roster that includes Instagram, WhatsApp, and Messenger, Facebook owns the world's most popular digital properties. More than 2.7 billion people around the world use at least one of those apps on a monthly basis. So long as Facebook keeps those 2.7 billion users in its ecosystem, ad dollars from around the globe will continue to flow into the Facebook ecosystem. Indeed, Facebook has steadily increased its share of the digital ad market from 9% in 2014, to nearly 20% last year, through better-than-peer advertising solutions and wider reach.This share expansion will persist, mostly because Facebook has a ton of untapped real estate; Messenger and WhatsApp largely don't have ads, while Facebook has plenty of room to incorporate ads into Stories across all of its platforms. Thus, by 2025 when the digital ad market will probably measure around $650 billion, Facebook will likely own around 25% of that market -- translating into over $160 billion in revenue in 2025 (~16% CAGR from 2018).At the same time, margins are finally starting to stabilize after getting chopped down in 2018 by big data security investments. Those big investments will phase out, and operating margins will start to crawl higher next year.Net net, by 2025, I see Facebook as a $160 billion-plus revenue company with 40% operating margins. Those are big numbers. They should generate around $19 in 2025 EPS. Based on a growth stock average 20x forward multiple, that implies a 2024 price target for FB stock of $380. Discounted back by 10% per year, that equates to a 2019 price target north of $230, 18% upside from current prices. Optics Support Strong Investor DemandThe second big reason to buy FB stock here and now is that the optics will improve into the end of the year, supporting healthy investor appetite for shares of Facebook for the foreseeable future.Ever since the Cambridge Analytica scandal broke, Facebook has been plagued with consistently negative headlines ranging from data security issues, to big-tech break-up talk, to adverse legislation. Investors have grown somewhat numb to these headlines, because none of them have have had a sustainable impact on the operating fundamentals. That's why -- despite those headlines sticking around in 2019 -- FB stock is is up more than 40% year-to-date.As we head into the last few months of 2019, these negative headlines will stick around. But, there will also be a surge of positive headlines which should boost investor sentiment.Most of those positive headlines will come from the e-commerce space. Specifically, Facebook is in the early stages of plunging into this world, and this will be the first holiday shopping season for many of Facebook's e-commerce initiatives, like Instagram Shopping. I suspect a lot of younger consumers will spend big this holiday season through Instagram. That tailwind will show up in the numbers, and will get investors bullish about Facebook's long-term potential in the shopping and services world. * 10 Undervalued Stocks With Breakout Potential As investors grow increasingly bullish regarding Facebook's long-term e-commerce growth prospects, they will gobble up FB stock, and shares will climb above $200. Technicals Imply Big End-of-Year RallyThe third big reason to buy FB stock here and now is that the technicals look good, and imply that Facebook stock is setting up for a big end-of-year rally. Click to EnlargeAfter a rough 2018, Facebook stock put in a bottom on Christmas Eve 2018. Ever since, it's been up, up, and away for FB stock. During this up, up and away phase, Facebook stock has formed a strong, multi-quarter support line that has tested and held two times before. Each time it did so, the stock's relative strength index was tumbling towards oversold territory. Further, after each successful test-and-hold of this support line, FB stock reversed course and rallied over the subsequent several months.Facebook stock just tested and held that support line for a third time. As such, history suggests that FB stock is in the first inning of another impressive rebound rally towards levels above $200 by the end of the year. Bottom Line on Facebook StockFacebook stock is up big year-to-date. The fundamentals, optics, and technicals all imply that the year-to-date strength in FB stock, will persist into the end of the year. As such, buying FB stock here and now as it is bouncing back from a mini sell-off seems like the smart move.As of this writing, Luke Lango was long FB. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Big Reasons to Buy Facebook Stock Here While It's Still Below $200 appeared first on InvestorPlace.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does City Holding (CHCO) have what it takes? Let's find out.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Alibaba (BABA) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
A delay in likely stimulus measures from the government and selling in select heavyweights like Tata Motors, YES Bank, Tata Steel, L&T and ITC dragged the equity indices for the second straight session on Wednesday. After falling over 300 points in intraday trade, the 30-share Sensex finally closed 267 points, or 0.72 per cent, down at 37,060. Nifty settled 98.30 points, or 0.89 per cent, down at 10,918. “No credible announcement related to stimulus package to boost the economy dented the mood on Dalal Street. The market is awaiting such a statement since Independence Day,” said G Chokkalingam, Founder, Equinomics Research and Advisory. We walk you through the key highlights of Wednesday's session:
Gold prices on Wednesday appreciated Rs 50 to hit a new high of Rs 38,820 per 10 gram at the bullion market here on account of consistent buying support from jewellers, according to the All India Sarafa Association. Silver also soared by Rs 1,140 to Rs 45,040 per kg on fresh offtake by industrial units and coin makers. Traders attributed the gain in gold to increase in the domestic spot market demand. However, a weak trend in the international market restricted the gains, they said. Besides, the decline in equity markets also aided the rally in the precious metal as investors moved towards safe-haven assets such as gold, they added. Gold prices traded weak with international spot gold prices
Welcome back to Tech Chronicle. Let me make a direct offering: Subscribe to this newsletter and you'll get smarter about tech. Offering something new Michael Moritz, the Sequoia Capital partner who backed Google, PayPal and Yahoo, among other companies, is calling for an end to a system that has made Silicon Valley investors like him rich. That's the initial public offering, an admittedly arcane process by which Wall Street banks market a company to wealthy investors and fund managers, divvy up shares being sold and shepherd it to the public markets — all for a hefty fee. Moritz, a former journalist, has a sometimes caustic tongue. He uses it here, writing in the Financial Times that “investment
Absence of any stimulus package to revive the weak consumer demand and lift the economy, coupled with fresh trade war concerns between the US and China hurt investors' sentiment on Wednesday. Financial and metal stocks dragged the benchmark S&P BSE Sensex and broader Nifty50, 305 and 110 points lower in the intra-day trade. The Sensex settled 268 points or 0.72 per cent lower at 37,060 level pulled down by consumer durables and banking stocks. Tata Motors, YES Bank, Tata Steel, and ONGC were the top laggards on the 30-share index while Hero Moto Corp, Maruti Suzuki, Infosys, and Tech Mahindra were the top gainers. The Nifty50, slipped to two-week low, to close at 10,919 mark, down 98 points or
NEW DELHI: Alphalogic Techsys, India's first startup IPO, will hit the primary market on Friday. The Pune-based software consulting firm has fixed the issue price at Rs 84 per share and the minimum units one needs to buy is 1,600 shares, requiring a minimum investment of Rs 1,33,400. Overall, 7.36 lakh shares are on the block, worth Rs 6.18 crore. At the offer price, the scrip is available at 7.82 times FY19 earnings per share. The company has interests across segments such as mobile app development, web application development, business intelligence and data analytics. In the past, it offered services to the US government, Merck India, Payback Card and several other companies across India, Australia,