Kansas City Southern (NYSE: KSU) expects to leverage its operations in Mexico as U.S. and multinational companies take advantage of the country's 2013 energy reform and export crude oil to Mexico. KSU chief executive officer Pat Ottensmeyer said last week that his company was investing in building terminal facilities to create capacity in Mexico so that KSU can deliver refined product from the U.S. Gulf Coast into Mexico. Volume is up between 12% and 13% year-to-date between Beaumont, Texas, and Monterrey, Mexico, as a result of rising growth in refined petroleum products.
The company has issued an offer to buy certain notes due in 2020 and 2022, according to a filing with the U.S. Securities and Exchange Commission on Sept. The offer will stand until the end of the business day Sept. Around $1.2 billion and $161.52 million in 2020 and 2022 notes, respectively, are outstanding, not including interest, according to a press release.
When To Buy Growth Stocks: Match Goes En Fuego Match has been an outright standout since it broke out of a first-stage cup with handle base with an 18.91 buy point in late August 2017. Shares have rallied as much as 404% to this year's peak of 95.32. Given that superb advance, does it makes sense to think that breakouts in the later stage of this run would see some rocky action?
AT&T Inc. shares were indicated higher in pre-market trading Thursday amid reports that it could be preparing to either spin-off its DirecTV business or orchestrate a deal to combine it with Dish Network Corp. The Wall Street Journal reported late Wednesday that AT&T, which is currently being pressured to streamline its business and improve profitability by activists investors Elliott Management, is looking at ways in which it can hive DirecTV from its broader portfolio. Reuters, however, cited sources suggesting that regulatory issues would make a combination with Dish Network difficult and that no talks were currently taking place.
Christopher Reynolds, Toyota North America chief administrative officer, manufacturing & corporate resources, discusses the manufacturer's investment in its Texas truck plant that will build its next-generation pickups, and the outlook for passage of the USMCA. He speaks on "Bloomberg Markets: European Close."
The IIHS has given the Model 3 its highest rating, top safety pick+. The car's structure held up well in the driver-side small overlap front test, IIHS said. Last month, Tesla said it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.
The U.S. Dollar is trading firm against a basket of currencies Wednesday, well ahead of the release of the Federal Reserve's interest rate and monetary policy decisions at 18:00 GMT. The Greenback is posting gains against all major currencies in the index including the Euro and British Pound. The oil-related Canadian Dollar is also under pressure as well as the safe-haven Japanese Yen and Swiss Franc.
You've got a market that this year has traded off of hopes for coordinated global central bank easing. That's the only reason why we're up 20% year to date. We're certainly not there because of fundamentals.
Technological improvements in hydraulic fracking are making 'America Great Again' when it comes to its energy sector. Unconventional oil and gas reserves, which previously were deemed as 'uneconomic to produce', are being exploited on a massive scale. Consequentially, the shale revolution has altered the international energy landscape, which has enabled cooperation between rivals Russia and Saudi Arabia within the OPEC+ framework.
There aren't a lot of factors on the horizon that could juice the U.S. housing market, so Keybanc Capital Markets' Kenneth Zenerhas cut Lennar to a Sector Weight rating from Overweight. Home-building stocks have rallied as the Federal Reserve has moved from raising interest rates to lowering them. Mortgage rates have dropped, making housing more affordable and encouraging people to buy.
Northwestern Mutual's 2019 Planning & Progress Study surveyed the economic outlook and behavior of U.S. adults and found that 46 percent of Americans expect to work past the traditional retirement age of 65. Baby Boomers and Generation X participants responded to the survey with identical outlooks percentage-wise. Eighteen percent of both groups reported they expect to work past the age of 74—which is equivalent to nearly one out five respondents.
Plug Power announced today an ambitious goal: $1 billion in revenue by 2024. Plug Power CEO Andy Marsh rolled out a new plan for the next five years on Wednesday that projects the company will have $1 billion of revenue by 2024 along with $170 million of operating income and $200 million of adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). The goal is roughly four times Plug Power's current expected annual revenue of $235 to $245 million in 2019.
The chasm among Federal Reserve officials widened on Wednesday as Jerome Powell faced the highest number of dissents since becoming chairman, raising questions about the central bank's ability to balance wide-ranging views on where rates should go next. On Wednesday, the Federal Open Market Committee cut rates by 25 basis points for the second consecutive time, citing increased signs of weakness in geopolitical conditions abroad. The target federal funds rate is now in a range of 2% to 2.25%.
Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses the repo market volatility and its impact on Fed policy. She speaks on “Bloomberg Markets: China Open.
Despite multiple signs that the global offshore drilling market has left the worst of the downturn behind, investors have yet to buy the narrative that offshore rig providers are good investment. Despite the signs of recovery—albeit a slow one—the share prices of offshore drilling services companies have slumped over the past year, according to Bloomberg estimates, in what Pareto Securities' head of investment banking Tormod Hoiby described as an “absolutely horrible year” for offshore service groups. At the Oil & Offshore Conference in Oslo last week, the top executives of the biggest offshore rig providers admitted that they had let down investors in a big way, but noted that the current equity prices are now an opportunity to invest in offshore drilling services firms.
Only two members of the Standard & Poor's Total Market Index, a broad collection of listed stocks, went from trading for $1 or less when this decade began (on a split-adjusted basis) — to hitting $1 billion or greater market value now. These stocks are communications services company Sirius XM and health care company Accelerate Diagnostics. This is based on an Investor's Business Daily analysis of data from Marketsmith and S&P Global Market Intelligence.
That's a huge valuation for a company that has produced less than $100 million in revenues over the last year. If revenues reach $200 million over the next year or two and Tilray manages to maintain a still robust 10x price/sales ratio, that'd imply an additional 33% downside on TLRY stock to around $20/share. Also, despite the small revenue base, Tilray has a ton of product lines.
Otherwise, here are eight dividend stocks to buy: Dividend Stocks to Buy for a Recession: Dollar General (DG) I usually don't like to start off my list with speculative or overheated names. However, I'm going to make an exception for Dollar General (NYSE:DG). Yes, DG stock has absolutely soared so far this year, gaining over 48% since January's opening session.
Biotech Stocks That Show The Good, The Bad and the Ugly Side of This Sector However, it was recently alleged that General Electric had sold leftover asbestos scrap from its Peterborough plant to its workers for as many as 35 years. That allegation ought to make the owners of GE stock quite nervous. Just as GE is turning a corner under Culp's leadership, a story comes out that could torpedo General Electric stock.
British insurance services firm Charles Taylor Plc said on Thursday it agreed to a 261 million pounds($325.15 million)takeover by a firm backed by private equity firm Lovell Minnick Partners. Jewel Bidco Ltd, a firm formed on behalf of funds advised by Lovell Minnick, has offered 315 pence per share in cash to take Charles Taylor private, the company said in a statement. Charles Taylor directors said the offer, which represents a 34% premium to the company's share close on Wednesday, is "fair and reasonable" and unanimously recommend that shareholders accept.
In the paragraphs below, we'll look specifically at charts from across the materials sector and try to determine how active traders will position themselves over the months ahead. Vanguard Materials ETF (VAW) Retail investors who want to seek the performance of a niche sector such as materials often turn to exchange-traded products such as the Vanguard Materials ETF (VAW). During periods of uncertainty, investors often prefer to allocate capital toward companies that extract or process raw materials because they usually have relatively predictable business models and benefit from higher underlying commodity prices.
Patrick Byrne's dramatic exit from Overstock.com Inc. had a surprise second act Wednesday, as the former chief executive sold his large stake in the company and blamed the Securities and Exchange Commission, which he referred to as “the Deep State's pets. In an SEC filing Wednesday afternoon, Byrne disclosed the disposal of his roughly 4.8 million shares in Overstock shares during the past three trading sessions, with all but 87,000 shares sold on the open market for roughly $90 million.
A wise investor will move to protect his portfolio, and we've found three Strong Buy stocks in the TipRanks database to do just that. With 40 million members, Anthem (ANTM – Get Report) is the largest managed care company in the Blue Cross Blue Shield network. ANTM shares are up 123% over the past five years, and the company's dividend, while yielding a modest 1.24%, pays out an appreciable $3.20 per share annually.
Some public companies have annual shareholder meetings that resemble sales rallies. Nike's used to attract thousands of investors. Some were even held at the Oregon Convention Center.
Saudi Arabia's ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say. Riyadh says production will be back to normal levels in two to three weeks, which means restoring output to about 10 million barrels per day (bpd), after Saturday's attacks on two sites that usually process and clean up about 5.7 million bpd. While it carries out repairs, the world's biggest oil exporter has promised to keep the physical crude market supplied from its inventories held in the kingdom and abroad, estimated to have been about 180 million barrels in July.