|Bid||50.22 x 800|
|Ask||51.00 x 1300|
|Day's Range||50.42 - 50.42|
|52 Week Range||41.38 - 59.59|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||6.29|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.72 (1.43%)|
|1y Target Est||62.24|
(Bloomberg) -- President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties.The U.S. is already sanctioning significant sectors including oil, banks and steel, leaving smaller targets including certain exports and government officials. Trump could also hit Iran’s central bank with secondary sanctions, at the risk of hurting humanitarian trade.“The Trump administration has already hit most of Iran’s cash-earning exports and pushed the country into a deep recession this year,” said Peter Harrell, a fellow at the Center for New American Security, a Washington-based research group. “A lot of exports to Iran have dried up because of risk aversion and all the banking sanctions.”Trump announced plans for major sanctions on Saturday, following his abrupt cancellation of planned air strikes against the Islamic Republic for shooting down a U.S. Navy drone on Thursday.More than 80% of Iran’s economy is under sanction today, U.S. Secretary of State Mike Pompeo said Sunday before heading to Saudi Arabia and the United Arab Emirates to rally a front against Iran. The new sanctions “will be a further effort to ensure that their capacity not only to grow their economy but to evade sanctions becomes more and more difficult,” Pompeo said.Iran’s Foreign Ministry said the new penalties won’t force the country to negotiate or capitulate.“Are there any other sanctions left for the U.S. to impose on Iran?” ministry spokesman Abbas Mousavi said Monday, according to the official Islamic Republic News Agency. The Trump administration “knows full well that if pressure and sanctions were the answer, they would have yielded results much earlier.”Iran’s navy chief warned earlier that other drones would be downed if U.S. intrusions into Iranian airspace continue. The U.S. says the aircraft was in international airspace.The U.S. has applied sanctions to nearly 1,000 Iranian entities, including banks, individuals, ships and aircraft. In May, the Trump administration prohibited the purchase of Iranian iron, steel, aluminum and copper.The U.S. has also revoked waivers that had allowed eight countries including India and China to import Iranian oil despite American sanctions. Trump seeks to drive Iranian oil exports to zero to force Tehran to abandon support for militant groups in the Middle East and renegotiate the 2015 nuclear accord the U.S. quit a year ago. Observed crude flows from Iran dropped to 190,000 barrels a day in the first half of June, less than 10% of the volume shipped in early 2018.Forecasts from earlier this year show Iran’s GDP set to contract 6% this year after declining 4% in 2018.Exceptions to U.S. sanctions on Iranian oil sales will be made for humanitarian purchases such as for food and medicine, though it’s not clear how those would be determined or approved.The U.S. Treasury Department has also sanctioned Iran’s central bank governor and another senior official in the bank for allegedly providing support for terrorist activities.‘More Desperate’The moves so far haven’t been enough for at least one Republican lawmaker. Representative Michael McCaul of Texas, the top GOP member of the House Foreign Affairs Committee, on Sunday egged on the Trump administration’s efforts.“We want them to be more desperate,” McCaul said on CBS’s “Face the Nation” news program. “We want them to have their economy crippled” so Iranian leaders will negotiate, he said.But with little left to sanction, added punishments would be mostly symbolic and “risk Iran escalating in retaliation,” Harrell said.Iranian authorities have already said new sanctions show that Trump’s call for negotiations -- repeated over the weekend -- was hollow. On Monday, President Hassan Rouhani’s adviser Hesameddin Ashena suggested the U.S. needs to offer incentives to Iran if it wants concessions.(Updates with Iran spokesman in sixth, seventh, navy official in eighth, Rouhani adviser in 16th.)To contact the reporters on this story: Saleha Mohsin in Washington at firstname.lastname@example.org;Ladane Nasseri in Dubai at email@example.comTo contact the editors responsible for this story: Alex Wayne at firstname.lastname@example.org, Amy Teibel, Michael GunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A New York-based advice columnist claims Donald Trump sexually assaulted her in a dressing room at a Manhattan department store in the mid-1990s, according to a first-person account published Friday by New York magazine.
U.S. stocks ended modestly higher Wednesday after the Federal Reserve left their benchmark interest rate unchanged at a range between 2.25% and 2.50%, but opened the door to rate cuts later this year. The S&P 500 was up 0.3% to end around 2,926. The Dow Jones Industrial Average advanced 29 points, or 0.1%, to finish near 26,504, based on preliminary numbers. The Nasdaq Composite was up 0.4% to finish around 7,987. The U.S. central bank took out the phrase "patience" from its policy statement, and said it stood ready to act appropriately if risks to the economic outlook reared their head. The Fed's interest-rate projections also showed close to half the members of the central bank's policy-making group anticipated two rate cuts this year. The 10-year Treasury note yield fell to 2.02%, its lowest since Nov. 8 2016. In company news, shares of CBS Corp. were up 1% after news reports said the media giant was readying an offer to buy Viacom Inc.
Southwest Airlines, Dish, CBS, PG&E and Tesla are the companies to watch.
shares edged higher in pre-market trading Wednesday following a report that suggested it is prepared to make a third attempt to combine with Viacom Inc. The Wall Street Journal reported yesterday that CBS has held preliminary talks with Viacom, which was split from the broadcaster by Sumner Redstone in 2005, with an aim to merger to two groups in order to allow for better leverage in negotiations with advertisers in a media landscape that values scale over content. Viacom CEO Bob Bakish is said to be in "pole position" to lead the combined group, the Journal reported, although discussions are expected to be complicated by efforts to value each group in relation to the other.
Adobe's subscription model is clearly working, and two big media companies seem to be getting closer to a remarriage.
Jay Howell, who became vice president and general manager at KDKA-TV, WPCW-TV and CBSPittsburgh.com last July has been named president and GM at CBS’ Los Angeles properties. Howell’s successor in Pittsburgh has not yet been announced.
Moody's Investors Service (Moody's) assigned Cedar Fair, L.P.'s (Cedar Fair) proposed senior unsecured note a B1 rating. The Ba3 Corporate Family Rating (CFR), Ba1 senior secured credit facility, and B1 Senior Unsecured rating for the existing notes were all affirmed. While the acquisition of the land in Santa Clara underneath the Great America park is a positive and results in Cedar Fair owning the land under all of its amusement parks, it does contribute to higher leverage levels.
CBS Corp NYSE:CBS.AView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CBS.A with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CBS.A. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CBS.A had net inflows of $1.12 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. CBS.A credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- There’s “no doubt” Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week, and the U.S. will guarantee safe commercial navigation going forward with its partners, Secretary of State Michael Pompeo said.“The United States is going make sure that we take all the actions necessary, diplomatic and otherwise, that achieve that outcome,” Pompeo said on “Fox News Sunday,” one of two scheduled appearances on the political talk shows.Pompeo spoke days after he and President Donald Trump accused Iran of being behind attacks that crippled the tankers in the Strait of Hormuz, which abuts Iran and is a strategic choke point for crude oil coming out of the Persian Gulf.Asked how certain the U.S. is about Iran’s responsibility, Pompeo said, “it’s unmistakable what happened here” and there’s “high confidence” Iran was behind other attacks throughout the world during the past 40 days as well.The U.S. has released video of what it says was an Iranian boat approaching one of the tankers at night to remove an unexploded limpet mine and other evidence that it says point to Iran’s responsibility for the attacks.“Iran did do it and you know they did it,” Trump said Friday during a phone interview with Fox News.‘Economic Terrorism’Iran has denied any wrongdoing. The country’s foreign minister, Javad Zarif, on Friday suggested in a series of tweets that Iran’s enemies may have been behind the attacks, accusing the Trump administration of “economic terrorism’’ and blaming it for the “renewed tension in our region.”There’s no question Iran was behind the attacks, and it was a “Class A screw-up,” Democratic Representative Adam Schiff of California, chairman of the House Intelligence Committee, said Sunday on CBS’s “Face the Nation.” But the problem is the U.S. is struggling to persuade its allies to join in a response, he said.“It shows just how isolated the United States has become,’’ Schiff said.Pompeo said on CBS he is making calls to allies and “the world needs to unite against this threat.’’ He suggested that Iran is attacking international waterways to “drive up the price of crude oil around the world so that the world will cry uncle.”The incidents highlight the potential risks of the Trump administration’s aggressive approach toward Iran. They’ve raised fears that months of building tensions over Trump’s decision to abandon a multilateral nuclear deal and restore U.S. sanctions might trigger a military conflict between the U.S. and Iran.Retaliatory StrikeRepublican Senator Tom Cotton of Arkansas advocated an attack, saying on CBS that “these unprovoked attacks on commercial shipping warrant a retaliatory military strike.’’ Schiff noted that Trump has said he doesn’t want war with Iran, but that his advisers “seem to be taking actions to undercut that ambition to stay out of warfare.’’Schiff said Trump’s pressure campaign on Iran after withdrawing from the nuclear accord was “dangerously naïve” and that the attacks on shipping were “eminently foreseeable.”House Speaker Nancy Pelosi, in an interview conducted Thursday that aired on CNN’s “Fareed Zakaria GPS” on Sunday, said “we have absolutely no appetite for going to war, or to be provocative to create situations that might evoke responses, where mistakes could be made.”Pompeo blamed Iran for escalating the tensions. He declined to discuss what options the administration is considering in response, but said Trump has been clear that the Islamic Republic will not acquire a nuclear weapon.Arms SalesOn other matters, the secretary of state also said on Fox that Trump’s decision to push ahead with $8 billion in arms sales to Saudi Arabia and other Mideast nations, defying congressional opposition, “made enormous sense.”Asked about Trump’s comments suggesting the U.S. would not spy on North Korea, Pompeo said the U.S. is “taking all the actions that it needs to take to make sure we understand the risks and the threats that are posed by North Korea.”Pompeo said he also expects Trump will talk about human rights and Hong Kong if he meets with Chinese President Xi Jinping at the G-20 leaders’ meeting June 28-29 in Osaka, Japan. Almost 2 million protesters marched through Hong Kong Sunday a day, according to organizers, after leader Carrie Lam suspended -- but didn’t withdraw -- a controversial extradition bill.(Updates with Pompeo, Cotton, Pelosi and Schiff from eighth prargraph.)\--With assistance from Kevin Varley.To contact the reporters on this story: Mark Niquette in Columbus at firstname.lastname@example.org;Shawn Donnan in Washington at email@example.comTo contact the editors responsible for this story: Simon Kennedy at firstname.lastname@example.org, Mark Niquette, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
[Editor's note: This story was previously published in February 2019. It has since been updated and republished by InvestorPlace staff.]With the market up more than 20% since the late-December lows, the argument that stocks -- at least some stocks -- are back to being overvalued and overbought holds at least a little water. Others argue that the rebound rally has only just begun, and valuation isn't yet a problem.The truth is, as usual, somewhere in the middle of the two extremes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor a surprising number of names, however, it's a debate that's largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases, the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply. In no particular order …Source: NASA Blueshift via Flickr CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may be down of late, but I still have confidence in CBS stock anyway. The television giant has improved in a big way where it needed to the most … streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA). CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB).With CBS stock priced at only 7.5 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL)Source: Karen Neoh via FlickrAir Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-term headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand.In November of last year, and for the 12 months ending then, enplanements and total miles flown once again reached record levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 7 First-Half IPO Stocks That Will Falter in 2019's Second Half Given that trend and outlook, Air Lease is undervalued at its forward P/E of just above 5.8. Micron Technology (MU)Source: Shutterstock Add Micron Technology (NASDAQ:MU) to a list of cheap stocks to buy before it's no longer cheap.It's not an easy idea for some investors to get behind. The ramp-up of computer memory production has created a price-cutting glut, and it took a toll on Micron's most recently-reported quarter's bottom line. The previous quarter's gross margins of 59% were further projected to slip to between 50% and 53%, versus estimates of 55%.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power. Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already decided to slow their DRAM expansion plans, and Micron has vowed to cut capital expenditures by more than $1 billion this year.It could take a while for tempered production to restore DRAM prices, but trading at only 7.6 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before. Citigroup (C)Source: Shutterstock Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar. The stock is trading at a trailing P/E of 10, and a forward-looking earnings multiple of 8 … cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited. NCR Corporation (NCR)Source: Shutterstock You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR). The less-limiting moniker reflect the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATM machines, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable the market isn't giving the new NCR enough credit. Shares are priced at only 10 times this year's projected profits.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR. Timken (TKR)Source: Oleg Zaytsev via FlickrTimken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting (pun fully intended) business. But, it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy, the United States began making more goods again in 2016. It's never looked back. * 5 Great Dividend Stocks to Buy From the Tech Sector The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.3. General Motors (GM)Source: Shutterstock There's no denying General Motors (NYSE:GM) ran into a headwind three years ago, when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers. While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 4.25% while it sports a dirt cheap trailing P/E of 5.7.Regardless, the carmaker continues to impress regardless of the stock's valuation. Nicolas Chahine commented, "the 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs. This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…" Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name -- most investors probably haven't heard of it. The company makes communications equipment and industrial lasers, and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity. As more and more wireless devices compete for a finite amount of radio frequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber optic lines are more than up to the task. * 3 Hot Trades for 3 Spicy IPO Stocks The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.7 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer. Terex (TEX)Source: Shutterstock Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyers to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 7.2 following what should be nearly 17% revenue growth for 2018. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year. Capital One (COF)Source: Eric Hauser via Flickr (Modified)Last but not least, add credit card company Capital One Financial (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 3 Hot Internet Stock Trades It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7.5 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
Moody's Investors Service (Moody's) assigned a B1 rating to OUTFRONT Media Inc.'s subsidiary, Outfront Media Capital LLC's proposed $550 million senior unsecured note due 2027. The existing Ba3 corporate family rating (CFR) of OUTFRONT Media Inc., the Ba1 senior secured rating, and B1 senior unsecured notes rating issued by its subsidiary will remain unchanged.
TEGNA (TGNA) set to acquire WTHR and WBNS TV stations from the Dispatch Broadcast Group, which will expand its total household reach across the United States.
The epic fantasy drama is HBO's most-watched show yet, and these five charts illustrate cultural and financial frenzy it has generated.
Brendle joined CBS Sports in 1982, following in the footsteps of her father — Bill “Catfish” Brendle, who worked as CBS Sports’ press liaison from 1963 to 1981.
Nielsen data on Monday showed that just 5.5 million Americans watched Sunday's ceremony broadcast on CBS from New York, down 20 percent from 2018 when "Harry Potter and the Cursed Child" took home six Tonys and rocker Bruce Springsteen won a special award for his sold-out one man show. It was the first time the television audience for the annual awards show that celebrates the best of theater fell below 6 million.
Hong Kong Unites Against Beijing The Million Man March in Hong Kong doesn’t look like it’s causing the country’s “Chief Executive”, Carrie Lam (that’s what they call their political leader over there), who is widely considered a Beijing plant, to budge on an extradition bill to China. As far as Lam is concerned, “This bill […]The post Market Morning: Hong Kong Nerves, Airless Tires, Aerospace Mergers and Brexit Theats appeared first on Market Exclusive.
(Bloomberg) -- President Donald Trump hinted at additional measures between the U.S. and Mexico, a day after he vowed that Mexico would soon make “large” agricultural purchases from the U.S. as part of a deal on border security and illegal immigration that allowed Mexico to avoid U.S. tariffs.