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Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Target stocks are hitting an all-time high after a blowout quarter. The company topped estimates on both the top and bottom lines and raised its full-year outlook. Yahoo Finance's Brian Sozzi and Andy Serwer join The Final Round to discuss.
Walmart is suing Tesla for its solar panels after 7 Walmart stores allegedly caught fire, according to a court filing. Yahoo Finance's Alexis Keenan joins Akiko Fujita with the latest.
The retailer claims fires broke out on seven store rooftops across the U.S. between 2012 and 2018, causing millions of dollars in damage.
Aug.21 -- Amazon.com Inc. today opened its largest campus building globally in the south Indian city of Hyderabad as it prepares for a furious expansion and battle with nemesis Walmart Inc. in one of the world’s fastest-growing retail markets. Bloomberg's Brad Stone has more on "Bloomberg Technology."
The slow-moving utilities sector has outperformed the S&P; 500 Index in the last five years. Utilities should grow 4%–6% per year in the foreseeable future.
Synlogic (SYBX) discontinues the development of its early-stage pipeline candidate, SYNB1020, for the treatment of hyperammonemia, following disappointing study results.
(Bloomberg Opinion) -- For 47 years, the Business Roundtable has lobbied on behalf of corporate America. Much of that time, it maintained a fiction(1) -- that the sole purpose of a corporation was to maximize profits on behalf of shareholders. This philosophy has been under assault for several years now, and this week the Business Roundtable announced it wants to put it to rest.In a widely circulated memo, the 200-member organization reversed itself, writing that "shareholder primacy” is no longer the sole purpose of a corporation. Instead, corporations must include a commitment to “all stakeholders,” which includes customers, employees, suppliers and local communities.Some kudos are in order for JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, and chairman of the Business Roundtable, for driving these changes. He has been discussing the need for a more inclusive form of capitalism, both in public speeches and in his letters to shareholders, for some time.But turning this aircraft carrier around won’t be easy, in large part because of the group's own history. Indeed, the Roundtable has spent most of the past four decades advocating against the interests of those exact stakeholders. To cite some of the more notable examples:\-- It fought the rise of labor unions and pro-union legislation;\-- Helped to defeat antitrust bills;\-- Prevented the formation of the Consumer Protection Agency;\-- Opposed corporate governance changes to make boards of directors and CEOs more accountable to stockholders;\-- Fought proper accounting of stock options given as compensation to executives and insiders;\-- Opposed increases in the national minimum wage (it now favors increases);\-- Lobbied to prevent restrictions on executive compensation;\-- Fought legislation that would create cleaner energy and address climate change;\-- Pushed for corporate income-tax cuts;\-- Supported anti-consumer Supreme Court decisions, including the fiction that corporations are legal people, and that campaign donations equal speech. The Roundtable might respond that this is all in the past. Let’s hope so. But the organization has an even greater challenge: Scan the list of 181 signatories to the recent memo and it's a Who’s Who of corporate behavior that has burdened and disadvantaged the very stakeholders they will now champion.Consider a few of the signatories:\-- Amazon.com Inc. and Apple Inc.: Two of the most valuable companies in the world are famously effective at using various tax dodges to avoid paying their fair share. I can recall when the Internal Revenue Service went after maneuvers that serve no valid business purpose other than tax avoidance. Consider that what isn't paid in tax by those who avoid them must be made up for by those who do -- mostly average Americans who also happen to be customers of these companies.The share of federal tax revenue paid by corporations has dropped by two-thirds in the past seven decades -- from 32% in 1952 to 10% in 2013; and corporate income tax as a share of gross domestic product has fallen from about 6% in 1946 to about 1.5% today.\-- Visa Inc., Mastercard Inc. and American Express Co.: Show good faith -- working with card-issuing banks as needed -- by simplifying the incomprehensible small print in the cardholder agreement and spell out in clear language the terms and penalties for late payment. Second, do the same for mandatory arbitration clauses that take away the right of customers to seek redress in public courts.\-- Ameriprise Financial Inc., Morgan Stanley and Principal Financial Group Inc: The brokers and insurers on the list have been zealous opponents of the fiduciary rule. Instead, they prefer a less stringent rule that allows them to sell products that are better for them than for their customers. Until those firms -- and Citigroup Inc. and JPMorgan are in this group -- embrace a higher duty of care, their gestures toward stakeholders are hollow. Oh, and they should drop the requirement that customers agree to mandatory arbitration clauses as one of the conditions for opening a brokerage account.\-- Coca Cola Co. and PepsiCo Inc.: For years these companies have been helping the American public achieve record levels of diabetes and obesity by selling health-damaging sugary drinks. They should acknowledge and warn customers of the consequences of consuming too much of their products, and accept the same kinds of taxes and health warnings now affixed to cigarettes.\-- Deere & Co.: The maker of farm machinery has led the fight against customers, insisting that they not make repairs to the equipment they own, and denying them access to parts and instructions. Repairs can only be made by Deere service technicians in what has come to be known as a “repair monopoly.” Apple, by the way, does the same thing.\-- Walmart Inc. and McDonald's Corp.: Both were steadfast opponents of increases in minimum wages for years. Although both now offer higher minimum pay, it was only after a tightening labor market forced them to increase wages. But this wasn't a case of corporate altruism -- their stores were messy and employees were sullen, and pay increases were part of plans to keep ill-treated customers from defecting. (McDonald's is not a signatory to the Roundtable memo).For the Roundtable commitment to be meaningful, the signatories are going to have to alter their behavior in ways large and small, and maybe even in ways that aren't always optimal for maximizing short-term profits. Still, we should be encouraged. But the proof will be in the follow through and the actual actions of the Roundtable members.(Corrects to clarify section on credit-card companies to indicate the role of banks in setting terms for customers. )(1) In “The Shareholder Value Myth,” Lynn Stout explained how the entire theory is based on a misreading of a 1919 court case -- Dodge vs. Ford – at the time, both privately held, non-public companies.To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Now, when storms knock the power out, Xcel can send drones to inspect the lines before crews dispatch with an expensive helicopter or bucket truck. "Xcel Energy is committed to using drone technology in North Dakota and all the states we serve," said Chris Clark, president of Xcel Energy-North Dakota, in an August 21 press release.
Pinduoduo stock is the IBD Stock Of The Day. The unique Chinese e-commerce company, self-described as "Costco meets Disneyland," smashed second-quarter earnings estimates.
Amazon and its ecommerce wave have swallowed up 10s of thousands of brick-and-mortar stores in the retail apocalypse. Retailers everywhere are scrambling to find their niche with the shifting consumer.
Investors were able to shrug off Tuesday's weakness on Wednesday, inspired by solid home sales figures and encouraging minutes from the most recent Federal Open Market Committee meeting. As it turns out, a second rate cut for September wasn't the foregone conclusion most investors believed it was.A "recalibration of the stance of policy, or mid-cycle adjustment" was how the Federal Reserve's chiefs described July's decision to lower the Fed Funds Rate by a quarter point. Going forward, "policymakers [need] to remain flexible and focused on the implications of incoming data for the outlook."InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, the Fed doesn't see imminent trouble ahead.To that end, the recent rate cut may already be having the desired effect. Though they leveled off this week, mortgage applications jumped nearly 22% for the week ending Aug. 9, as mortgage rates fell to multi-decade lows. Even before then, however, low rates caught the attention of would-be home buyers. Sales of existing homes surged to a five-month high pace of 5.42 million in July, according to data from the National Association of Realtors.Though the immediate response to word that the FOMC wasn't terribly interested in cutting rates again shaved some of the day's intra-day gains, investors kept stocks buoyed. The Dow Jones Industrial Average led the way, finishing the day up 0.93%, closely followed by the NASDAQ Composite's 0.9% advance. The S&P 500 rallied 0.82%. Top News in the Stock Market TodayTesla (NASDAQ:TSLA) may have mainstreamed the idea of electric vehicles. But, it seems rivals are starting to chip away at its market dominance. * 10 Marijuana Stocks to Ride High on the Farm Bill That's the concern from Alliance Bernstein analyst Toni Sacconaghi anyway, who cautioned shareholders after Tuesday's close that sales of the Model S and Model X have tapered off over the past couple of quarters. Sacconaghi also noted that the average selling price of those vehicles fell on the order of 10% during that time, leading to compressed gross margins, from 27% to 18%.On a semi-related note, Walmart (NYSE:WMT) filed a lawsuit against Tesla, though not over electric cars. According to reports that surfaced on Wednesday, several Tesla-made solar panels the retailer had installed had caught fire on stores' and facilities' rooftops.The news taints Tesla's already-struggling solar business.It was a bold, forward-thinking experiment. But, it's not bearing the fruit it was supposed to. That is, JPMorgan (NYSE:JPM) is shutting down its Chase Pay app.JPMorgan launched Chase Pay in 2015 when digital wallets were seemingly becoming mainstream. The idea hasn't been embraced by consumers like it was expected to. Going forward, JPMorgan will focus on partnerships with merchants as a means of bolstering its payments business. Big MoversThough it lagged well behind Amazon (NASDAQ:AMZN) and then Walmart on the e-commerce front, Target (NYSE:TGT) may finally be catching up on that front. Last quarter, digital sales for Target were up 34% year-over-year, driving TGT stock nearly 20% higher. The boost from the recently-ramped-up omnichannel effort also led Target to a nice earnings beat.Cree (NASDAQ:CREE) shares plunged almost 16% on Wednesday, despite the company's solid second-quarter results.After Tuesday's closing bell rang, the computer technology outfit reported earnings of 11 cents per share on revenue of $251 million, topping estimates for a bottom line of 10 cents per share and sales of $248 million. But the company said it's expecting to report a loss of 5 cents per share for the quarter now underway, on revenue of $240 million. The pros were modeling a top line of $260 million and earnings of 14 cents per share.Though it was possibly boosted by encouraging real estate news, Lowe's (NYSE:LOW) earned the bulk of the 10% gain it logged today. The pros were expecting sales of $20.9 billion to be turned into a profit of $2.01 per share, while the company did $21 billion worth of sales, and earned $2.15 per share. The bottom line was far better than the year-ago comparable of $1.86 per share.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Stock Market Today: Tesla Runs Into Headwinds, Fed Says Things Are Fine appeared first on InvestorPlace.