2.42k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bearish crosses within the last week. A bearish crossover occurs when the MACD turns down and crosses below the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Bank of America Corporation
Wells Fargo & Company
Wells Fargo & Company
The Boeing Company
Fomento Economico Mexicano, S.A.B. de C.V.
International Business Machines Corporation
The Toronto-Dominion Bank
American Express Company
The Goldman Sachs Group, Inc.
The TJX Companies, Inc.
Dominion Energy, Inc.
Brookfield Asset Management Inc.
Northrop Grumman Corporation
Lloyds Banking Group plc
General Dynamics Corporation
Air Products and Chemicals, Inc.
The Bank of New York Mellon Corporation
EOG Resources, Inc.
The stock market sure has an itchy trigger finger when it comes to headlines about the U.S.-China trade war. Although analysts and investors have done their best to price in the uncertainty, any development - positive or negative - can set off a session or more of volatility.Witness Tuesday, Dec. 3, when President Trump said the trade dispute between Washington and Beijing could continue into 2020 - and he threatened new tariffs on other nations. The Dow Jones Industrial Average fell by as much as 458 points on the news.With so many multinationals directly or indirectly exposed to China - either by way of demand, supply or both - the uncertainty of trade negotiations remains a major risk heading into the new year.Naturally, some companies are in a more perilous position than others. Here we take a look at seven of the largest, best-known companies trading in the U.S. that have more than their fair share of worries about the ongoing trade war. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
The previous high for an MLB team was in 2012 when the Los Angeles Dodgers were sold while the team was valued at $2.12 billion.
U.S. stocks are sharply higher Friday after a much better-than-expected employment report for November while investors remain optimistic about the chances of a U.S. - China trade deal.
(Bloomberg) -- If Steve Cohen’s bid for the New York Mets succeeds, he’ll find himself in familiar company.Hedge fund managers and private equity titans are an increasingly common sight in the owners’ boxes of Major League Baseball teams, including former trader John Henry at Boston’s Fenway Park, Guggenheim Partners’ Mark Walter at Dodger Stadium and Crescent Capital’s Mark Attanasio at Miller Park in Milwaukee.And it’s not just America’s Pastime. Pro football franchises, basketball teams and soccer clubs also are attracting the financial elite. Last year, David Tepper bought the NFL’s Carolina Panthers. The principal owner of the NBA’s Golden State Warriors is former venture capitalist Joe Lacob, while Platinum Equity founder Tom Gores owns the Detroit Pistons.“One of the great sources of the kind of liquid capital you need to buy a sports team are people in the finance industry,” said Marc Ganis, president of consulting firm Sportscorp Ltd. “Tepper could simply write the check for the Carolina Panthers. Literally write the check. And Steve Cohen is the same.”The lure is no longer just the prospect of owning a trophy asset or hanging out with famous athletes, although that still resonates. These days there’s also a cold-eyed appraisal of teams as an increasingly astute financial bet, backed by a mix of real estate, media and technology.“Steve is a consummate businessperson who will bring insights to the way the sport is evolving to the team management,” Leo Hindery, founder and former chief executive officer of the Yankees’ broadcast network, said of the hedge fund titan in an interview this week.Cohen’s proposed bid underlines the astronomical cost of teams in major markets these days. Fred Wilpon, the Met’s principal owner, made his money in real estate. He assumed control of the franchise in 2002 at a valuation of just $391 million.Cohen — one of the most successful hedge fund managers in history with a net worth in excess of $9 billion, according to the Bloomberg Billionaires Index — is negotiating to buy an 80% stake that values the team at a league-record $2.6 billion. That’s a 550% increase in less than two decades.Jerry Richardson paid about $200 million in 1993 for the rights to start the Panthers. Tepper, founder of Appaloosa Management, paid $2.3 billion for the franchise last year. The Milwaukee Bucks, worth $18 million in 1985, fetched $550 million when the NBA team was sold to Marc Lasry and Wes Edens in 2014.It’s a similar story with soccer. The enterprise value of the 32 most prominent European clubs increased to $41 billion at the start of 2019, up 35% from three years earlier, according to a KPMG report.Finance is the source of 106 fortunes on the Bloomberg index, a ranking of the world’s 500 richest people. That’s about double the number of those who made their money from technology. Outside of the top 500 are scores more with the means to pay the price tags the biggest sports teams now command.When the Panthers came up for sale, three billionaires with financial backgrounds dominated the bidding war, with Tepper ultimately beating out Ben Navarro, founder of Sherman Financial Group LLC, and investor Alan Kestenbaum.“I don’t want to own a trophy asset,” Kestenbaum said during the bidding. “An investment of this size has to continue to grow in value.”That remains a distinct possibility, even at today’s elevated prices. Long-suffering sports fans — buffeted by ownership changes and rising ticket prices — tend to remain loyal to their teams, while the seemingly evergreen allure of live sports has kept the value of television rights packages buoyant.The appeal is such that it’s not just individuals investing. Last month, private equity firm Silver Lake Management bought a piece of City Football Group Ltd., owner of the Manchester City soccer team, valuing the parent at $5 billion. CVC Capital Partners bought a minority stake in England’s top rugby league last year having previously owned race series Formula One for a decade before selling it to John Malone’s Liberty Media Corp. for $4.4 billion.Owning such illiquid assets requires a high tolerance for risk and a healthy balance sheet. But that’s second nature to many of the mega-wealthy financiers now filling board rooms. For hedge fund executives used to the volatility of capital markets, the limited supply of these teams is appealing. Even when an owner has sold under duress — such as former Los Angeles Clippers owner Donald Sterling or the Panthers’ Richardson — the price they received set records.Plenty of financiers have doubled down on these types of investments. In addition to the Red Sox, Henry owns England’s Liverpool Football Club and half of Nascar’s Roush Fenway Racing team. Major League Soccer’s board of governors agreed Thursday to move forward on the final steps toward granting the latest expansion team to Charlotte, North Carolina. The bid was led by Tepper.His growing taste for sports teams is no surprise to those in the industry.“There’s a competitiveness in the finance sector at the highest levels, which translates very well into the sports industry,” said Ganis, the consultant. “It’s wins, it’s losses, it’s zero sum games. It’s kill or be killed. That has a lot of similarity to the sports industry where at the end of the season there are winners and losers.”\--With assistance from Tom Maloney, Scott Soshnick and Eben Novy-Williams.To contact the author of this story: Tom Metcalf in London at firstname.lastname@example.orgTo contact the editor responsible for this story: Steven Crabill at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The results of the Seattle City Council elections were a huge disappointment to many of us, writes Tom Alberg, but business can be a driver of change.
At the Cascadia Rail Summit outside Seattle, a fledgling scheme to bring high-speed rail from Portland to Vancouver found an enthusiastic reception.
Investors will end up paying a lot more for a financial-technology company or a banking giant than it will for a consumer-finance firm. Which is a long way of saying that Capital One Financial stock is cheap and looking attractive right now.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Stephen Poloz, who resisted this year’s global rush to cut interest rates, won’t seek a second term at the helm of the Bank of Canada when his mandate ends in June.Poloz informed the central bank’s board of directors and Finance Minister Bill Morneau of his decision, according to a statement Friday from the bank.“It has been a privilege to serve as the ninth Governor of the Bank of Canada,” Poloz, 64, said in the statement posted to the bank’s website. He called his job at the bank, which began in 2013, “the most fulfilling of my long career.”The governor is preparing to leave the central bank with its 1.75% benchmark interest rate among the highest in advanced economies. Poloz -- who was among the few central bankers to raise interest rates in 2017 and 2018 as the nation’s economy began to fully recover from the last recession -- has been reluctant to reverse course, citing a relatively robust expansion and concerns that lower borrowing costs could fuel the nation’s already high household debt levels.“The issue of course is we’re at a very delicate point in time for the Canadian economy,” Brian DePratto, senior economist at Toronto-Dominion Bank said by phone. “The Bank of Canada is balancing growth concerns versus financial stability concerns. Certainly they’ve been emphasizing the latter quite a bit in my view in the recent communication.”Since Poloz came to power, Canadian household debt has increased by more than half a trillion Canadian dollars and remains near record high levels as a share of disposable income, which will almost certainly act as a millstone for growth for years to come. Bank of Canada officials cited the nation’s economic resiliency in the face of global uncertainty when they defended their decision this week not to follow the Federal Reserve in cutting rates.Though Poloz wasn’t expected to stay for a second term, he had indicated it was an option. His decision to step down means replacing him becomes one of the first orders of business for Prime Minister Justin Trudeau, whose Liberal Party won a second term in government after a divisive election in October.Early front-runners include the governor’s chief deputy, Carolyn Wilkins, who would be the first woman to take the job. Wilkins would offer the smoothest transition, particularly given how Poloz has elevated her role of Senior Deputy Governor under his watch to one that is more prominent than usual for the job.Wilkins, 55, oversees the central bank’s strategic planning and economic research, is involved in high-level Group of 20 and Financial Stability Board meetings, and is overseeing the review of the central bank’s inflation mandate, which will be renewed in 2021. Wilkins also fills in for Poloz once a year as chair of the Governing Council -- the group of policy makers that decides on interest rates.Jean Boivin, the head of BlackRock Inc.’s research unit, is also being touted as a stronger contender. He was considered an economic whiz kid when Bank of England Governor Mark Carney, then Bank of Canada governor, recruited him from academia as an adviser a decade ago. Boivin, currently based in London, would be the first francophone to run the central bank.Another potential successor is Tiff Macklem, dean of the University of Toronto’s Rotman School of Management, who left the bank after a long tenure after he lost his bid for the top job at the central bank in 2013 to Poloz. Among other names circulating as potential candidates include Paul Beaudry, who joined the Bank of Canada earlier this year as deputy governor; Evan Siddall, head of Canada Mortgage and Housing Corp.; and Paul Rochon, the current deputy minister of finance.Poloz’s announcement comes amid a period of turnover atop the world’s major central banks. Christine Lagarde just replaced Mario Draghi as president of the European Central Bank, while Carney is set to step down from the Bank of England in January.Under Poloz’s watch, borrowing costs were kept near the lowest levels in the central bank’s eight-decade history. That ultimately kept the economy afloat long enough for one of the fastest increases in jobs and probably the largest accumulation of wealth in the nation’s history, as cheap money inflated the value of real estate and financial assets.By some measures, Poloz has been one of Canada’s most successful central bankers ever: the country is closer to a state of full employment and stable prices than at any time since the 1960s.But his efforts to return the economy to full health, where it’s not reliant on low interest rates, housing and debt, ultimately fell short as Canada grappled with the lingering effects of the last recession and wrestled with a litany of new headwinds including a once-in-a-generation collapse in commodity prices and the impacts of global trade tensions.\--With assistance from Cedric Sam.To contact the reporters on this story: Theophilos Argitis in Ottawa at firstname.lastname@example.org;Shelly Hagan in ottawa at email@example.comTo contact the editors responsible for this story: Theophilos Argitis at firstname.lastname@example.org, Chris Fournier, Stephen WicaryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wells Fargo & Co.'s name was recently removed from Birmingham’s tallest building as the bank relocates to 1901 Sixth Avenue, formerly Regions Harbert Plaza. Leigh Collier, Wells Fargo (NYSE: WFC) Central Alabama region bank president, said the shift of the banking model to more digital-based banking has allowed the bank branch to reduce space – going from 7,000 square feet to 2,500 square feet. The BBJ recently sat down with leaders in the bank’s Birmingham office to talk about its plans for the coming year following its move.
The best mutual funds invested over $1 billion in Alibaba stock, and took large stakes in several other market leaders, including Microsoft, Splunk and CVS.
The conglomerate is badly lagging behind the S&P 500. A stubborn approach to capital allocation is a big part of the problem.
The largest public company in the world as measured by market capitalization is now Saudi Arabian Oil Co. Investors may be put off by the bigness, but history shows it has little bearing on stock performance.
How far off is Northrop Grumman Corporation (NYSE:NOC) from its intrinsic value? Using the most recent financial data...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
DOW UPDATE The Dow Jones Industrial Average is rallying Friday morning with shares of 3M and Goldman Sachs delivering strong returns for the blue-chip average. Shares of 3M (MMM) and Goldman Sachs (GS) have contributed around one third of the index's intraday rally, as the Dow (DJIA) was most recently trading 336 points higher (1.
EOG Resources (EOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In 2014, Microsoft acquired Minecraft. Now, it's out with plans to take it into the next generation with an augmented reality version of the game called Minecraft Earth. Corporate Vice President of Xbox Game Studios Matt Booty joins On the Move to discuss.
Companies like Boeing and WeWork have been thrust into the spotlight this year over reports of their workplace culture. Head of Organization and Culture Design at co:collective Kit Krugman joins Yahoo Finance's Zack Guzman & Kristin Myers, along with Black Hawk Financial Founder Leanna Haakons to discuss on YFI PM.