Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in February due to trouble at its hydrogen plant, and may miss its revised annual production target. Sumitomo owns a 47.7 percent stake in Ambatovy, while South Korea's Korea Resources Corp and Canada's Sherritt International Corp also hold stakes in the project. In February, Sumitomo booked one-off losses of about 15 billion yen ($134 million) on the Ambatovy nickel-cobalt project in the October-December quarter and cut Ambatovy's nickel output estimate for the current year to March 31 to 38,000-40,000 tonnes from 40,000-43,000 tonnes.
Upland Software, Inc. UPLD is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for UPLD broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.
Nike has already seen roughly 19,000 calls cross the tape today -- four times its average intraday volume, and more than double the number of puts exchanged. Most active is the weekly 3/29 100-strike call, which has seen about 1,100 contracts change hands. Digging deeper, it appears most of the action is of the buy-to-open variety, with the call buyers expecting NKE shares to surge atop the century mark -- and into uncharted territory -- by the close next Friday, March 29, when the options expire.
Starbucks CEO Kevin Johnson on the shareholders meeting, growth and the company's expansion in China.
The government of Alberta recently announced its decision to relax restrictions on oil production that was imposed since the start of 2019 to lift Canadian crude prices. While the government's production caps have helped in propping up oil prices and narrowing the differentials, the prospects of Canadian energy sector still appear dim amid pipeline crunch and unfavorable regulatory environment. The three-year oil industry downturn since mid-2014 and U.S. shale revolution hit the Canadian energy sector hard. The sluggish energy sector took a toll on the Canadian economy, as it ended 2018 with the slowest quarterly growth rate in the last two and half years.
A very dovish Federal Reserve The setup into Fed Day was this: A patient Fed on the interest rate hiking front would lead to a growth acceleration in the second half of this year. After all, how could the U.S. economy not catch fire with rate hikes all but off the table in 2019, the job market still solid and corporations benefiting from the Trump tax cuts. Unfortunately for the bulls, Powell stuck a dagger in their hearts by perhaps being too dovish.
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.
The market expects SMART Global Holdings, Inc. (SGH) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended February 2019. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
With just 10 days to go before the U.K. is set to leave the European Union and no divorce deal in place, something strange is happening: Markets are getting optimistic. From the British currency and small-cap stocks to credit spreads and even pollution permits, there are mounting signs that traders are discounting the worst possible Brexit outcome. The fact Prime Minister Theresa May has so far failed to win parliamentary support for her proposed deal, and that an extension of the divorce process hasn't been agreed, has done little to dissuade the bulls.
Your office's March Madness pool most likely pales in comparison to what billionaire Warren Buffett is offering his employees if they can predict which teams make this year's Sweet 16 of the men's NCAA tournament. The investor known as the "Oracle of Omaha" has a penchant for making multimillion-dollar bets that test his employees' predictive abilities, and this year's no different. Buffett is once again offering to pay $1 million a year for life to any of the employee of Berkshire Hathaway or its subsidiaries who accurately predicts the results of the first week of March Madness games.
Here are five of the best Dow Jones dividend stocks to buy today. Top Dow Jones Dividend Stocks: Cisco Systems (CSCO) Dividend Yield: 2.63% Dow Jones stock Cisco Systems (NASDAQ:CSCO) is proof that old dogs can learn new tricks and that tech's elder statesmen still have plenty of growth behind them. After being the go-to networking firm during the dotcom days, CSCO switched gears to offer more services and other products to go along with their networking equipment.
Fidelity National Information Services Inc. COO Bruce Lowthers sees ample opportunities in his company's $43 billion acquisition of Ohio-based ecommerce leader Worldpay (NYSE: WP). The pairing brings FIS's (NYSE: FIS) banking customers, which include 45 of the world's 50 largest banks, together with Worldpay's more than 1 million merchant customers and creates major cross-selling opportunities for the company's more than 3,000 salespeople, Lowthers told the Business Journal. The merger will lead to new products, such as store credit programs, that build on the companies' different strenghts, Lowthers added, and it brings together the two companies' patchwork of foreign markets.
It's understandable if young workers put off saving for retirement, focusing on student debt payments and other immediate bills instead of a hazy goal way in the future. Not really, says Suze Orman, the personal finance expert and host of the Women & Money podcast. The best time to start saving for retirement is when you're just starting out in your career, when you have time on your side and can take full advantage of the power of compound interest, Orman said during a talk at MONEY's parent company Meredith on Monday.
Many Americans are hoping they will be the lucky recipient of the $550 million Powerball prize – though the actual amount a winner would take home will be much less than the headline jackpot number. An individual with a winning ticket is faced with two options – either take the money in the form of a lump sum or an annuity payment – which would be paid out over the course of about 30 years. In the case of the annuity payment – the less common option – a winner would receive one immediate payment and 29 consecutive ones.
Gold futures inched up to a three-week high on Thursday on the back of yesterday's dovish U.S. Federal Reserve monetary policy decisions. On Wednesday, the Fed eradicated any chances of an interest rate hike this year, while slashing its growth forecasts for the rest of the year. In doing so, the Fed joined the other major central banks in raising concerns over a global economic slowdown.
Benchmark analyst Bill Sutherland assigned a “speculative buy” recommendation on the electric vehicle maker. SOLO, the company's one-person, three-wheel, fully enclosed battery electric vehicle “has a large potential” total addressable market, since 83 percent of all cars on the highway only have one occupant, Sutherland wrote in a note. “This company is producing the car that Elon Musk wishes he were building,” ElectraMeccanica Chief Executive Officer Jerry Kroll said in an interview with Bloomberg Television earlier this year.
This change lagged the S&P 500's 0.29% loss on the day. This has outpaced the Medical sector's gain of 2.03% and the S&P 500's gain of 2.14% in that time. ACB will be looking to display strength as it nears its next earnings release.
There's no denying that electric vehicles are a trend worth watching. The auto industry looks likely to experience a major shift over the next few years as autonomous vehicles and electric cars gain momentum, so investors are wise to be adding EV companies to their portfolios. After popping at the end of February on the heels of a 60 minutes special that cast the firm in a favorable light, NIO stock has lost nearly half of its value over the course of a few days and hasn't been able to recover since.
The Powerball jackpot grew even richer after no ticket won the $550 million lottery on Wednesday night. No one has scored the Powerball jackpot since December, creating a mania around the ever-expanding prize. If someone wins the $625 million jackpot on Saturday night - the next scheduled drawing - they are faced with enviable decision of choosing either the cash lump sum of $380.6 million before taxes or 30 annuity payments.
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.
STOCKS Biogen (BIIB) shares plummeted more than 27% around market open after the company announced it was ending its trial of Alzheimer disease drug aducanumab, which analysts had expected to be a best-seller. The company said in a statement that the decision to end the trials was not based on safety concerns, and was instead the result of an independent analysis showing trials would not likely “meet their primary endpoint. Sales of aducanumab, assuming regulatory clearance, were estimated to have reached $12 billion, Goldman Sachs wrote in 2017.
The key to living frugally, yet comfortably, in retirement is knowing the difference between frugal and cheap. Paying less for inferior quality is cheap. Frugal budgeting aims to achieve a cost-effective lifestyle in retirement that does not sacrifice comfort.
Canadian Solar Inc. CSIQ reported adjusted fourth-quarter 2018 earnings of $1.61 per share, which outpaced the Zacks Consensus Estimate of 87 cents by 85.5%. Including one-time adjustments, the company reported earnings of $1.81 per share compared with $1.01 in the year-ago quarter.
This market continues to have a lot of support underneath that though, so I think that any short-term pullback will possibly offer a buying opportunity. After all, the $15 level was significant resistance, and it should now be significant support. SILVER Video 21.03.19 To the upside, the $15.50 level is going to cause a bit of resistance as we have seen a nice shooting star formed their last week, and now it looks like we are trying to figure out where to go next.