|Bid||163.47 x 900|
|Ask||169.58 x 800|
|Day's Range||166.37 - 168.96|
|52 Week Range||121.40 - 170.45|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||43.09|
|Forward Dividend & Yield||3.16 (1.90%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Morgan Stanley, McCormick, Walmart, Automatic Data and Air Products
The acquisition is likely to expand FleetCor's (FLT) payroll and card portfolios and enable it to better serve small and medium-sized enterprises.
Navigant's (NCI) managed services business is in good shape and currently a significant contributor to revenues before reimbursements.
FLEETCOR's (FLT) acquisition strategy to expand customer base, headcount and operations and diversify its service offerings drives stock.
Investing.com - Gold prices were flat on Friday in Asia but is on track to log a seventh straight week of gains.
Banks, which have emerged creditably from stress tests, are expected to feel the pinch since lower rates weigh on net interest margins.
Investing.com - Gold prices were little changed on Thursday in Asia as traders weighed gains in stock markets and a potential rate cut by the U.S. Federal Reserve.
ADP's 102K was beneath the 143K consensus expectation. Initial Jobless Claims dipped back down into its long-term range to 221K, after an upwardly revised 229K last read.
Investing.com - Gold prices rose on Wednesday as soft U.S. economic numbers pressured U.S. Treasury yields and did little to dent expectations the Federal Reserve is set to cut interest rates later this month.
(Bloomberg) -- Here’s some good news for beleaguered International Business Machines Corp. investors: it’s about to become an aristocrat.Dividend forecasts compiled by Bloomberg show that the technology giant is poised to join the list of so-called Dividend Aristocrats, companies that have increased their dividend in 25 consecutive years, in 2020. The ascendancy to dividend royalty comes amid a five-year slide in IBM’s stock price that has seen it pare 26% of its value.Getting added to the elite list will force funds that track Dividend Aristocrats, such as the ProShares S&P 500 Dividend Aristocrats exchange traded fund, to purchase shares of the Armonk, New York-based company.IBM would join Automatic Data Processing Inc. as only the second information technology firm on the 57 company list. The addition would boost the weight of the information technology sector in the group to match that of energy companies.Dividend UpdateLooking beyond the aristocrats, energy firms were the biggest contributors to dividend growth in the second quarter of 2019, according to Bloomberg specialists. Cabot Oil & Gas Corp., Diamondback Energy Inc., Kinder Morgan Inc. and EOG Resources Inc. had quarter over quarter dividend increases greater than 25% contributing to the sector’s 6% quarter over quarter growth.Key InsightsBloomberg doesn’t projects any sector to out gain its third quarter 2017 or 2018 quarterly dividend growthFinancials are expected to see the pace of growth drop to 5.5% from 12.4% in 3Q 2018.Among aristocrats, Bloomberg’s projected 12 month dividend yield is expected to reach 6.02% for AbbVie Inc. and 6.16% at AT&T Inc.The projected dividend yield on the KBW Bank Index surpassed the yield on the Dow Jones Utility Average a week ago for the first time since February 2009, according to data compiled by Bloomberg13 of the 24 companies in KBW’s index are expected to raise dividends or say they will consider doing so after the latest Federal Reserve stress tests\--With assistance from Jessica Beatus, Christopher Rung and Zhuo Zhang.To contact the reporter on this story: Alex Tanzi in Washington at email@example.comTo contact the editors responsible for this story: Alex Tanzi at firstname.lastname@example.org, Brandon KochkodinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, we expect new motor vehicle sales numbers after the opening bell. We also look toward to a speech scheduled for Cleveland Fed President Loretta Mester.
IBM Garage is witnessing robust adoption as enterprises are increasingly looking to gain from digital transformation initiatives. IBM also rolls out two courses to democratize benefits of AI.
Investing.com - Market sentiment will be dictated by hopes for progress on the trade front after the U.S. and China agreed on Saturday to restart talks. The week will also bring the U.S. jobs report for June along with reports on U.S. manufacturing and service sector activity, factory orders and the trade balance.
Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]
Automatic Data Processing Inc. (NASDAQ: ADP) offers human capital management solutions such as payroll services, benefits administration, compliance solutions and human capital management through its Employer Services segment.