Shares of Nabriva Therapeutics PLC (nbrv) shot up 27% to pace the premarket gainers in active trading Tuesday, after the biotechnology company said its new drug application (NDA) for the oral and intravenous formulations of Xenleta, a treatment for community-acquired bacteria pneumonia, was approved by the Food and Drug Administration. Trading volume of over 1.3 million shares was already more than the full-day average of about 922,000 shares. "Today's approval of XENLETA is a significant breakthrough in the collective fight against the growing threat of antimicrobial resistance and provides a desperately needed IV and oral empiric monotherapy treatment option for adults with CABP," said Chi...
The S&P 500's highest yielding dividend stocks are selling at their biggest discount in nearly 40 years as bond yields across the globe are plunging. Despite mounting fears concerning global trade, weak economic data coming from economic powerhouses like China and Germany, and the brief inversion of the U.S. Treasury yield curve last week, Goldman Sachs recommends a basket of dividend stocks with high growth potential and which are trading at bargain prices. The basket is comprised of stocks from a range of sectors, offering impressive expected dividend yields (DY) for the year and attractive forward-looking price-to-earnings ratios (P/E ratios), including, AT&T Inc.
We are due to hear from RBA Governor Lowe, who will close out the proceedings on Sunday (02:25aest), so this opens up the prospect of AUD gapping risk on Monday – something for all AUD traders to consider. Challenges for Monetary Policy As discussed, the title of the conference is “Challenges for Monetary Policy”. So, with one explanation for the recent yield curve inversion, and the incredible buying taking place in the longer-end of the curve being the belief that monetary policy will not save us should we see a far more aggressive downturn, this title is incredibly relevant.
Smaller sales declines in key markets Britain and Italy and a step up in restructuring efforts helped to lift Danish jewellery maker Pandora's beaten down shares on Tuesday, despite a drop in second-quarter earnings. The shares, which had fallen about 10% this month, were up 6.5% at 248.30 Danish crowns at 0740 GMT. Pandora, best known for its customisable silver charm bracelets, is struggling after new jewellery lines failed to entice shoppers, but is buying back older ranges from franchises and slimming down collections to try to improve its performance.
If you're frantically buying or selling stocks based on what the inversion and the subsequent uninversion of the yield curve is signalling, Jim Cramer has a message for you: Calm down. That's Cramer questioning the wisdom of traders who seem to be reacting to every headline popping up in the financial news cycle these days. Specifically, the television personality and former hedge-fund manager was talking about how stocks were hit hard Wednesday after the 10-year Treasury yield (BX:TMUBMUSD10Y)briefly inverted and slipped below the 2-year yield for the first time since before the 2008 financial crisis.
EPR offers investors a strong yield, a long track record of robust growth, and a strong total return outlook. Diverse, Stable and Wide Presence EPR Properties is a specialty REIT that invests in properties in very specific and carefully chosen market segments. The trust targets sectors that require specific industry knowledge and offer stable, attractive returns over time.
Studies have shown it is very difficult to predict recessions, interest rates or financial markets. We need to predict future political conditions that will affect tax rates, the health-insurance marketplace and Social Security. Most political “experts” couldn't accurately predict the outcome of our last presidential election the day before it occurred.
Warren Buffett has more cash than ever, and he's on the hunt for his next big purchase. Buffett's Berkshire Hathaway reported a record $122 billion of cash on its books last quarter, which the legendary investor has said is “far beyond” the level he prefers. In his most recent letter to shareholders, Buffett told investors he was looking for an “elephant-sized acquisition,” but that things were too expensive for his liking.
Mark Mobius, co-founder and partner at Mobius Capital Partners, discusses demand for commodities and his outlook for gold. He speaks on “Bloomberg Markets: Asia.
Alibaba's (BABA) stock climbed nearly 11% over the past three trading days, as investors are becoming more optimistic on the heels of a strong earnings report and positive geopolitical news. Given the encouraging developments, Stifel analyst Scott Devitt maintained a Buy rating on BABA stock, while slightly raising his price target by $5, to $225. According to TipRanks, which measures analysts' and bloggers' success rate based on how their calls perform, Devitt has delivered to his followers a yearly average return of 20.4% with a 67% success rate.
One of the great things about Vanguard, aside from the low costs, is that when the issuer's index, mutual, and exchange traded fund (ETF) lineups are added, there are plenty of choices for wide varieties of investors, including those on the more risk-averse side of the ledger. Of course, costs, as in low costs, are one of the biggest reasons why Vanguard is a behemoth in the index fund universe and the second-largest U.S. ETF issuer.
A former Walt Disney Co. accountant says she has filed a series of whistleblower tips with the Securities and Exchange Commission alleging the company has materially overstated revenue for years. Sandra Kuba, formerly a senior financial analyst in Disney's (DIS)revenue-operations department who worked for the company for 18 years, alleges that employees working in the parks-and-resorts business segment systematically overstated revenue by billions of dollars by exploiting weaknesses in the company's accounting software. Kuba said she has met with officials from the SEC on several occasions to discuss the allegations.
Jyske Bank A/S, Denmark's third-largest lender, announced in August a mortgage rate of -0.5%, before fees. Mikkel Hoegh, Jyske Realkredit housing economist, explains the dynamics behind the offering on "Bloomberg Markets: European Close."
Same-store sales -- a key gauge of a retailer's performance -- rose 3% in the second quarter, trailing the average 3.2% projection, according to Consensus Metrix. It also sees full-year revenue growth of 2.3%, down from about 3.3%. Key InsightsWhile concerns are growing that the economy is slowing, Home Depot sees a market that's doing well: “The current health of the U.S. consumer and a stable housing environment continue to support our business,” Chief Executive Officer Craig Menear said.
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan. In a Worker Adjustment and Retraining Notification filed on Aug. 5, the Pittsburgh-based company said it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility. In mid-June, the company said it would idle two blast furnaces at its Great lakes and Gary Works plants, citing lower steel prices and softening demand.
Investors in energy master-limited partnerships, or MLPs, should stick with the largest, most diversified firms: (ET) and (EPD) That advice comes from (JPM) analyst Jeremy Tonet in a note out Monday on the pipeline sector. Tonet reiterated Energy Transfer (ticker: ET) and Enterprise Products Partners (EPD)—the two largest and most diversified MLPs—as his top picks. He has a $24 price target on Energy Transfer and a $37 target on Enterprise.
In this case, an employee takes on a less-demanding job or works part time to transition to retirement. Be aware that when a worker is unable to meet the fundamental duties of a job, a company is not required to make an accommodation. An employer can request that an employee complete a fitness-for-duty evaluation, which determines a person's abilities to safely perform the essential functions of a job without posing a threat to him or herself or others.
You — yes, you the investor reading this — have nobody to blame but yourself if you lose your shirt ahead of what looks to be a mild U.S. recession that starts later this year and carries over into the first half of 2020. The logic is simple to grasp: U.S. consumers won't be able to handle tariff-related price increases, while mega corporations delay capital investment due to the high levels of fiscal uncertainty. Take the currently inverted yield curve — an indication of heightened nervousness in risk markets — for example.
Aurora Cannabis (NYSE:ACB) is a Canadian-based marijuana grower. ACB shares have lost about 40% of their value since just this past March. Aurora focuses on nine different Key Performance Metrics to evaluate itself and believes that they illustrate a strong performance.
Boston Fed President Eric Rosengren on Monday said the U.S. central bank should be careful not to cut interest rates too much now because it would push U.S. homeowners and businesses to take on more debt, thus making any recession more painful. Lower interest rates cut the cost of debt, making it more attractive to households and firms. “And if they get leveraged right before the economy has significant problems, we're actually in much worse shape,” Rosengren said.
(LOW) stock has lost its early-year mojo, though investors will be hoping its upcoming fiscal second quarter earnings, slated for Wednesday, will help the home improvement retailer regain momentum. Year to date, Lowe's stock (ticker: LOW) is up less than 4%, trailing the 14% return for the S&P 500 and rival (HD)'s (HD) return of more than 20%. Lowe's started the year off strong: The shares surpassed Home Depot in 2018, and investors were happy that new CEO Marvin Ellison was moving quickly to remake the management team and close lagging stores. Strong earnings results in February also helped to fuel analyst optimism.
But retirees responding to this Quora post said people need to make a few more considerations, such as understanding the transition to retirement may be tougher than expected, being flexible about part-time work and knowing not to overcommit to activities and events in the adjustment period. See: 21 lessons for how to get the most out of life, from a guy who retired at 50 Still, there are a few more lessons. Ensure you're on the same page as your partner Sometimes spouses don't agree on what to do in retirement, and that can have a devastating effect on the relationship — and quality of life.
Analysts on average expected the company to report a loss of 3.17 renminbi on revenue of RMB7.16 billion. Total number of subscribers was 100.5 million, up nearly 50% from 67.1 million a year ago with 98.9% paying for the service. The company also undershot analysts' expectations with its second-quarter forecast, guiding for revenue of 7.21 billion to 7.63 billion renminbi, while the average analyst forecast was for 7.98 billion renminbi, according to FactSet.
The company's margins have come under significant pressure thanks to tariffs, and in response, investors have sold off FL stock to an anemic 8-times forward earnings multiple, versus a five-year-average forward multiple north of 12, a consumer discretionary sector average multiple north of 20, and a footwear sector average multiple north of 28. The Breakout Catalyst: Foot Locker's demand trends are healthy. Last quarter, Foot Locker reported nearly 5% comparable sales growth.
Cyclical Stocks to Buy (or Sell) Now Investors may consider waiting on the sidelines if they do not currently have any positions open in these tech stocks. If they already own shares, they may either consider taking some money off the table during this market bounce or hedging their positions. As for hedging strategies, covered calls or put spreads with Sep 20 expiry could be appropriate as straight put purchases are likely to be expensive due to heightened volatility.