|Bid||79.66 x 3200|
|Ask||79.67 x 800|
|Day's Range||78.93 - 79.70|
|52 Week Range||69.77 - 80.96|
|PE Ratio (TTM)||357.31|
|Expense Ratio (net)||0.14%|
A former bull says sell tech and buy value. Morgan Stanley sounds the alarm on tech. With Mike Wilson, Morgan Stanley, CNBC's Scott Wapner and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Yahoo Finance's Seana Smith and Dion Rabouin talk to Ron Weiner of RDM Financial Group about the biggest threats to the U.S. economy and where investors can find deals.
While some sectors, like housing, is still recovering from the financial crisis, many state governments have built up rainy day funds and are better prepared to weather the next recession. Yahoo Finance’s Seana Smith, Maylan Studart, Rick Newman and Dion Rabouin discuss.
Are emerging markets flashing a global warning sign? The U.S. vs. the world, with Chris Verrone, Strategas Research Partners, CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Steve Grasso and Guy Adami.
A press release from Caterpillar (CAT) on September 14 said that the company was included in the 2018 DJSI (Dow Jones Sustainability Index)—the company’s 19th appearance in the index. The DJSI considers economic, climate change mitigation, environment, social performance, good labor practices, and other parameters.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
General Electric (GE) was famous for its sustained dividend payments and dividend increases. However, the company lost this status after CEO John Flannery’s decision to trim dividends by 50% in November last year. After the financial crisis, GE witnessed a sharp decline in its dividend yield, which was as high as ~12% during that period. Between March 2010 to September 2017, its dividend yield stayed in the 2.5% to 3.5% range. However, in 2018, the company’s dividend yield has gone up steadily.
In the previous part of this series, we looked at analysts’ recommendations for the major US truckload (XLI) carriers. Now let’s see how they are valued by the market.
On September 7, US industrial conglomerate General Electric (GE) declared a quarterly cash dividend of $0.12 per share on its common stock outstanding. The dividend is payable October 25 to shareholders of record at the close of business on September 17. The ex-dividend date is September 14. The jet engine manufacturer has ~8.70 billion equity shares outstanding as of September 7. A dividend of $0.12 per share results in a cash outlay of $1.04 billion.
As we discussed in Part 1 of this series, unfinished planes have prevented Boeing from delivering finished aircraft to its customers. Accordingly, Boeing expects lower deliveries in the third quarter. According to Boeing’s latest guidance, it expects to deliver 810–815 commercial aircraft in 2018.
Week 35 was the best week for the smallest Class I railroad—Kansas City Southern (KSU)—in 2018 so far. In the week, KSU topped in YoY carload traffic gains as well as intermodal volume gains. Kansas City Southern recorded 20.2% YoY (year-over-year) growth in Week 35’s carload traffic to ~25,000 railcars from ~20,800 railcars in Week 35 of 2017.
Truckload carriers and less-than-truckload carriers need to invest in terminals, fleet, network, other infrastructure, and, most importantly, technology. Usually, road carriers (XLI) that anticipate higher tonnage on their routes add trucks and trailers to their existing fleet. Capital expenditure is normally considered a percentage of total revenue.
Pentair PLC disclosed Tuesday that Matthew Peltz of the hedge fund Trian Fund Management LP has resigned from the industrial manufacturer's board, as of Sept. 10. Peltz became a director in April 2018, which was when the company completed the spinoff of its electrical business, nVent Electric PLC, to its shareholders. Trian said it believes Pentair is "well positioned to succeed as a pure play water company" following the nVent spinoff, and believes it is "the appropriate time for Mr. Peltz to step off the Pentair board to devote more time to current and future board positions" and his commitments to Trian. Pentair's stock, which was still inactive in premarket trade, has lost 8.1% year to date, while the SPDR Industrial Select Sector ETF has gained 3.1% and the S&P 500 has tacked on 7.6%.
On September 5, the AAR (Association of American Railroads) released its weekly traffic data. The data covered 12 major North American railroads for Week 35, which ended on September 1. The Association’s weekly freight data is classified into carload traffic and intermodal units. Intermodal units are expressed in truck trailers and containers.
In the previous part of this series, we reviewed major US truckload transporters’ second-quarter revenue growth. Operating ratio is an important metric for transportation companies. It’s expressed as operating expenses as a percentage of revenue.
MARKET PULSE Shares of Navistar International Corp. (nav) hiked up 3.7% in premarket trade Thursday, after the truck and engine maker reported fiscal third-quarter earnings that beat expectations and raised its full-year revenue outlook.
What Does the Market Expect from the August Jobs Report? The miss in the July numbers was partially compensated by upward revisions in job gains for May and June from 244,000 and 213,000 to 268,000 and 248,000, respectively. Overall, the retail sector (XRT) added 7,000 net jobs in the month.
On August 29, Caterpillar (CAT) announced that it intends to sell its purpose-built forestry business. Caterpillar entered into a preliminary agreement with Weiler. The product line includes wheel skidders, track feller bunchers, wheel feller bunchers, and knuckleboom loaders.
Canadian National Railway (CNI) reported 3.4% YoY (year-over-year) carload traffic growth in Week 34. In the week, Canada’s largest freight rail carrier hauled ~64,900 railcars excluding intermodal units compared to ~62,800 units in the same week last year.
Eastern US major railroad company Norfolk Southern (NSC) witnessed a minor 0.2% YoY (year-over-year) fall in its Week 34 carload traffic. NSC moved slightly more than 71,100 railcars sans intermodal units, which were almost equal compared to its levels in Week 34 of 2017.
The AAR (Association of American Railroads) published its weekly traffic data on August 29. The data pertained to 12 major North American railroad companies for Week 34, which ended on August 25. AAR’s weekly data are divided into carload traffic and intermodal units. Intermodal units are expressed in truck trailers and containers.
3M (MMM) is set to pay its third-quarter dividend on September 12. Investors who held 3M stock as of August 24 in the company’s record will be eligible for the dividend. At the end of the second quarter, 3M had 604.2 million outstanding shares. Assuming that 3M doesn’t buy back any shares until the record date, it would pay ~$821.7 million in dividends in the third quarter.
In Week 33, Canadian National Railway’s (CNI) carload traffic gained 7% YoY (year-over-year). Canada’s largest freight rail carrier moved ~64,600 units except intermodal compared to ~60,400 units in Week 33 of 2017.
In the second quarter, United Parcel Service’s (UPS) free cash flow jumped 39.0% YoY (year-over-year) to $1.8 billion from $1.3 billion in the second quarter of 2017. However, on a sequential basis, the company’s free cash flow declined from $2.5 billion in the first quarter.
Technically speaking, the U.S. benchmarks have taken flight and potentially consequential breakouts remain underway, writes Michael Ashbaugh.