IBERIABANK Corporation IBKC has raised its quarterly common stock dividend by about 5% to 43 cents per share. The dividend will be paid on Apr 26, to shareholders of record as of Mar 29, 2019. IBERIABANK's robust business model reflects the company's commitment toward returning value to shareholders with its strong cash-generation capabilities.
Slowing global economies and uncertainty over a U.S.-China trade deal and Britain's will-she-or-won't-she exit from the European union took a toll on global revenue growth at the company's "FedEx Express" air and international unit. The company will end fiscal 2019 with a $4.5 billion year-over-year revenue increase, about $1.5 billion less than originally planned, according to Chairman and CEO Frederick W. Smith. In the U.S., FedEx is seeing residential deliveries gaining in mix against its business-to-business segment, long its bread and butter.
Sunrise Communications believes it can win shareholder backing to raise $4.1 billion to complete its takeover of Liberty Global's Swiss business, Chief Executive Olaf Swantee told Reuters. Swantee said he believed the $6.3 billion deal could still be completed despite Sunrise's largest shareholder opposing the structure of the deal to buy UPC in a transaction which would transform Switzerland's telecoms landscape. The executive has met more than 100 investors to convince them about the deal, which would create a stronger rival to state-controlled Swisscom in providing mobile phone, cable television and internet services.
Crypto market is currently on the path for slow and steady upside price action despite a clear lack of fundamental support in the form of any event or high impact headlines. Meanwhile, bears continue to grow strong from various headlines which have so far failed to have any visible impact on the price action of major cryptos. Today, 8 of the top 10 cryptocurrencies in terms of market volume are seeing corrective price action but all pairs have retained hold over a significant part of the gains from upward price action earlier this week.
on Thursday reported a fiscal fourth-quarter profit that beat analysts' forecasts and lifted its guidance for its upcoming full fiscal year. The Dodgeville, Wisconsin-based company said it earned $16.2 million, or 50 cents a share, in the quarter ended Feb. 1, compared with $39.8 million, or $1.24 a share, in the comparable year-earlier period. Same-store sales, a key metric for retail businesses, declined 3%, though company-operated Lands' End stores showed a gain of 3.9%.
Diplomat Pharmacy Inc (NYSE: DPLO) shares nosedived Feb. 22 after the company reported a delay in its earnings announcement, citing a charge it needs to record related to its pharmacy benefit management business. The pullback presents an attractive opportunity for a potential buyer, according to Raymond James. Analyst John Ransom upgraded Diplomat from Market Perform to Outperform and set an $8 price target.
In the wake of the U.S. Federal Reserve's decision to keep interest rates unchanged and to slash all projections of a rate hike this year comes a couple of completely different assessments of the moves. According to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. All this suggests is be prepared for volatility in the Treasury markets with one camp indicating the possibility of at least one rate hike, and the other indicating lower rates.
Plastics maker Berry Global Group Inc ruled out further sweetening of its 3.34 billion pound ($4.39 billion) bid for British packaging company RPC Group , calling the offer final. RPC Group agreed to the higher takeover offer of 793 pence per share in cash in early March, ditching a lower bid from private equity firm Apollo Global Management LLC. Berry's comments come after analysts said the market was hoping for a higher offer.
This change outpaced the S&P 500's 0.29% loss on the day. Heading into today, shares of the oil and gas company had gained 4.93% over the past month, outpacing the Oils-Energy sector's gain of 1.29% and the S&P 500's gain of 2.14% in that time. BP's full-year Zacks Consensus Estimates are calling for earnings of $3.19 per share and revenue of $253.65 billion.
All three major indices are up more than 10%, led by a 16% rally in the Nasdaq Composite, and it's still only March. For some of those struggling stocks, the pain will persist because the fundamentals are weak, and only getting weaker. Indeed, that's probably true for most stocks that have struggled amid the recent market rally.
Comcast will debut a streaming video box for broadband-only customers. The box and service, called Flex, will cost $5 per month and be available next week. Comcast CMCSA is making it easier for its broadband-only customers to access streaming video without an outside set-top box.
It was the lower property taxes. Like many of Boniakowski's clients at Redfin Corp.'s Hoboken office, these two are looking at their returns for the first time since President Donald Trump's tax changes took effect and, despite more than a year of lead time, experienced a mild freakout. The Tax Cut and Jobs Act promised to, well, cut taxes.
In a 1989 NBC "Today Show" interview, Bill Gates explains why he chose not to locate his company in Silicon Valley. He also shares what he was looking for in job candidates. At the time, Microsoft had just over 4,000 employees.
Chip stocks have been among the market's biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won't remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
Survey question: True or False: Nonworking (or low income-earning) spouses can contribute to a traditional IRA. Correct answer: True Answered correctly: 26% Nonworking spouses can contribute to both a traditional IRA and a Roth IRA as long as the married couple files a joint tax return and each has a separate IRA. The contribution limits for the nonworking spouse are the same ($6,000 for 2019 for those under 50).
Market participants are about to get a read on the pulse of a sector at the heart of economic slowdown concerns. Research firm IHS Markit releases its preliminary print of the U.S. manufacturing purchasing managers' index for March on Friday, with consensus economists expecting PMI to register at 53.5. IHS Markit's report comes as other indicators domestically and abroad have pointed to softening in goods-producing industries.
Often, when analysts or bloggers talk up the potential of marijuana stocks, the focus is on the consumer side of the industry. But some of the best stocks in the pot sector may be medical marijuana stocks. Indeed, it's on the medical side where growth likely is to be largest in the near term.
That is not an impossible climb for ACB stock, but the near- to medium-term issue is finding upside catalysts because plenty of good news is already baked into this marijuana stock. For example, ACB surged earlier this month on news activist investor Nelson Peltz is joining the company as an advisor. That sent ACB stock to a double-digit intraday gain and the shares are up more than 11% since then.
You've likely seen or heard numerous talking heads and stock market experts say the current bull market, now in Year 10, is extra-long in the tooth. William O'Neil, founder and longtime chairman of IBD and author of the growth stock investing classic "How to Make Money in Stocks," has frequently noted that the typical market rally lasts three to four years, while a sharp correction runs for about nine months, possibly a bit longer.
The big headlines earlier this year about much smaller-than-average tax refunds painted a murky picture regarding the outlook for big-ticket sales for used cars, furniture, electronics and even special dinners out. If many people were to see much smaller tax refunds, after all, wouldn't car dealers and retailers see sluggish sales early this year? Tax refunds are the biggest single payday of the year for many families.
With rates potentially at their peak for this cycle and future GDP growth projections getting slashed, investors jettisoned financial stocks from their portfolios throughout the afternoon. The Regional Bank ETF (NYSEARCA:KRE) was hit especially hard, falling 3.4% amid massive distribution. Relative weakness continues this morning with most banks in the red while the rest of the market is ripping.
Watch for a breakout from its five-month trading range, setting up a run at the 200-day moving average that would be worth a gain of 132% from here. The move comes despite a downgrade from analysts at BMO Capital Markets in January. The company, based in Switzerland, is an oilfield service company that supports the drilling, evaluation, completion, and production of oil and gas wells.
For the owners of General Electric (NYSE:GE) stock, the news that the company released recently was both very disappointing and very uplifting. All in all, although the recovery of GE and GE stock price will take longer than I previously thought, both still look poised to recover strongly within a year or two. Source: Shutterstock Since the very disappointing news — including the company's forecast for negative industrial free cash flow this year and lower than expected earnings per share guidance – has been very well-covered by the media, let's start by looking at the less-noticed, good news. First and foremost, CEO Larry Culp actually sounded pretty optimistic about the issue that's caused so many investors to abandon General Electric stock in recent years: the company's huge debt load.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.84 per share and revenue of $3.48 billion. These totals would mark changes of -2.33% and +14.43%, respectively, from last year. Any recent changes to analyst estimates for TWTR should also be noted by investors.