GrubHub's (GRUB) stock surged on Tuesday, after analysts at Citigroup upgraded the stock based on the delivery service's strong growth and pending partnerships. GrubHub's shares, traded on New York Stock Exchange, spiked by more than 5% in early U.S. dealings to change hands above $76 per share. In its research note, Citi boosted GrubHub's shares to a Buy/High Risk, and upped its price target from $75 to $91.
Adobe fell hard, dropping back below its buy point after breaking out on earnings last week. Recent breakouts are failing.
Bayer shares jumped on Thursday after the chemicals group beefed up plans to tackle multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has revealed a sizeable stake in the company. Bayer said on Wednesday it had hired an external lawyer to advise its supervisory board and has set up a committee to help to resolve the glyphosate litigation issue. The company's shares have been under pressure following its $63 billion acquisition of Monsanto, which brought with it massive legal issues after more than 13,400 plaintiffs alleged the company's glyphosate weedkiller caused cancer - a claim Bayer contests.
China trade talks at tomorrow's G20 Summit provided some support following optimistic chatter from the administration. The propensity to buy increased in June, while income expectations deteriorated, weighing on the headline figure. Consumer sentiment towards the economic outlook improved, with the economic expectations indicator rising by 0.7 points to 2.4 points.
How to invest in the transition to 5G networks. The coming transition from 4G to 5G cellular networks (the "G" standing for generation) is expected to facilitate the next phase of technological change and innovation. Market intelligence firm IDC expects the market for 5G infrastructure to soar from $528 million in 2018 to $26 billion in 2022.
A TOD account can avoid a legal mess by moving your assets without leaving them in your will. A transfer on death (TOD) account automatically transfers its assets to a named beneficiary when the holder dies For example, if you have a savings account with $100,000 in it and name your son as its beneficiary, that account would transfer to him upon your death. As Fidelity Investments notes, a TOD is “a provision of a brokerage account that allows the account's assets to pass directly to an intended beneficiary; the equivalent of a beneficiary designation.
The South China Morning Post reports that US and China officials are preparing press releases that would indicate a delay in new tariffs and a commitment to extended dialogue. President Donald Trump is set to meet Xi Jinping on the sides of the G20 Summit in Osaka at 10:30 pm Eastern time on Friday. Global oil prices ease following the biggest weekly decline in U.s. crude stocks in nearly three years as investors take profits from a June rally that's lifted prices by 15%.
The most-active gold futures contract rose more than 1% Tuesday to $1,435 a troy ounce, heading for a fresh six-year high as investors anticipate lower interest rates and seek alternatives to currencies and bonds.
The ongoing crisis with its 737 MAX has cost at least some employees at the Boeing Co. their jobs. Company CEO Dennis Muilenburg acknowledged those "personnel changes" on Wednesday as part of wide-ranging interview at the Aspen Ideas Festival with Mike Allen, co-founder and executive director of Axios. “It's my job, and our management team's job, to make sure that we are always putting the best talent in the right spots,” Muilenburg said. “I'm not going to go into numbers or names,” Muilenburg said of the firings. My job as a leader is to help create that culture where we are continuously improving.” A link to the full interview, in which Muilenburg also said that there are ongoing compensation discussions with airline customers over the MAX, is available in this report from Axios.
Dividend yield: Restaurant Brands stock pays a $2.00 annual dividend, for a 2.9% yield. Five-year return: 150%. Dividend growth rate: 50%.
Bitcoin has experienced a major rally that has taken its price upwards close to 34% over the past two weeks. Even with minor retracements, the market is moving positively with higher lows each time it falls, meaning we should expect BTC to continue its climb towards $13,000 – which in my opinion might come within the next couple of weeks. While I personally am still bullish, others are predicting a sudden correction.
The U.S. and China appear to be making progress on trade talks ahead of the G20 meeting, but should they fail, the fallout for the oil market could be significant. If the U.S. and China cannot come to an agreement and the trade fight escalates, oil prices could plunge to $30 per barrel, according to Bank of America Merrill Lynch. That is because the Trump administration has threatened to impose tariffs on $300 billion worth of Chinese imports, which would cover just about every Chinese good coming into the country.
A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies Co Ltd while awarding CNEX no damages on its own trade theft claims. Huawei had sued CNEX in U.S. District Court in Sherman, Texas, for misappropriation of trade secrets involving a memory control technology and for poaching its employees. The jury rejected those claims, while finding a CNEX founder failed to notify the company of his patent filings.
For investors seeking a broadly diversified U.S. bond fund to add to their REIT and stock funds, the Vanguard total bond ETF does the job. Recommended by David John Marotta, president of Marotta Wealth Management, BND is included in his firms' Vanguard index fund 60% stock an 40% bond "gone-fishing" portfolio. Most BND holdings are AAA-rated bonds with additional representation from lower investment grade debt.
LaCroix's parent company issued a direct appeal to its consumers through social media in the wake of another sharp drop in its stock price. Recent lawsuits allege that National Beverage Corp. (Nasdaq: FIZZ) was dishonest about the ingredients and chemical makeup of its sparkling water brand LaCroix. The Plantation-based company on Monday sought to address customer concerns head-on with a social media campaign, stating that LaCroix is made with non-GMO ingredients certified as natural.
China's vehicle demand is expected to decline for the second straight year, extending a historic slump as customers delay purchases amid trade tensions with the U.S., industry watchers said. Passenger-car sales will probably drop 5% in 2019, researcher LMC Automotive estimated, after the first annual decline in more than two decades last year. Guangzhou Automobile Group Co., which builds sport-utility vehicles, sedans and minivans, forecast overall vehicle deliveries will fall by the same margin.
Today, the Index was attempting to test the 100-day SMA near 96.31 level. Anyhow, the overall trend remains adverse as the significant 200-day SMA stay overhead the Index. Hence, the current distortion in the downtrend might short live and would remain again stumbled.
Dow Jones futures rose modestly Wednesday, along with S&P 500 futures and Nasdaq futures, after a stock market rally fizzled. After the close, Wedbush initiated coverage on Advanced Micro Devices, Intel and Nvidia stock. Boeing stock fell late after paring regular-session gains in the final minutes on a report of a new risk for the Boeing 737 Max.
Bitcoin prices and related cryptocurrencies and stocks ran up again Wednesday, continuing a strong rebound that has intensified with last week's Facebook announcement that it is entering the crypto space. Prices have surged roughly 40% since Friday, with the digital currency now flashing signs of a possible climax run. The last time the Bitcoin price rose above $13,000 was in December 2017, the same month it reached its all-time high of $19,511 before a spectacular collapse in value.
Amazon.com is the IBD Stock Of The Day, closing in on a buy opportunity that follows an eight-month base while gearing up for its largest shopping event of the year. The buy point of 1,964.50 will kick in if Amazon stock breaks out past that entry in a long cup-with-handle base that began forming in September. A pullback over the past few days may offer an alternative entry at 1,935.30, especially if Amazon ends down for the week.
Bitcoin is up an eye-popping 245% in 2019 so far. The initial thinking in some circles after Facebook's announcement was that Libra, which has big-name backers like Visa, MasterCard, PayPal, Stripe, Spotify, Uber, and Lyft on board as “founding members,” will be bad for bitcoin, especially since the Libra Association says it aims for Libra to “put the term 'currency' back in cryptocurrency” by being a coin for everyday use.
Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out” in the last few days of the month, Chief Executive Officer Elon Musk wrote in an internal memo. There is a lot of speculation regarding our vehicle deliveries this quarter,” Musk told employees in an email Tuesday.
Federal Reserve Chairman Jerome Powell delivers remarks about the state of the U.S. economy and Fed monetary policy at the Council on Foreign Relations in New York.
Chipotle Mexican Grill is the IBD Stock of The Day. The stock rose modestly on a bad day, not far from a 749.35 buy point. The consolidation is messy, but the relative strength line is high.