Starbucks? Really? A discount tobacco store is more likely.
$17.25 was MGM's 52 week low, set this past December. Back then, the China news was better than it is now. (see yesterdays Wynn earnings and dividend slash). Todays poor Las Vegas strip numbers are another big negative. The question is, will MGM revisit the December lows, and if so, will $17.25 hold?
That may be why the stock is up on a down overall day.
Just what EMR needs to prop up profits. And a stock upgrade was recently announced. Perhaps the bottom has been achieved and EMR will slowly return to its previous highs.
"Barron's Blog" reports that one week from today (April 30) AA will increase its dividend by two thirds, to five cents quarterly from three cents. This company may finally have turned itself around.
I received my annual report in the mail. What a disappointment. As a shareholder for years, the cover of the annual report was like an advertisement for the company. Printed on a thick cover, glossy and in full color, it reinforced the view that McDonalds was the quality fast food restaurant. This years copy has no cover, just page after page of black and white print. Although I realize what's contained inside the annual report is more important than the cover, a company earning billions of dollars, and paying its top executives millions of dollars, should put more thought into its annual report. If the top brass need an example of how to do it right, look at any annual report you put out from the last few years. Put it next to this years. Image counts. McDonalds, are you listening?
Today it was announced that industrial production in the U.S. declined last quarter for the first time since 2009. In addition, the dollar is rallying today. For EMR to be up today, is impressive, especially since EMR earlier warned that sales are slowing. Making sense of the gyrations of this stock, which often does the opposite of conventional thinking, is difficult.