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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.
Banco Santander, S.A. GTD PFD SECS 6
Bank of America Corporation
ASML Holding N.V.
Booking Holdings Inc.
Prudential plc PER SUB 6.50%
TC Energy Corporation
Activision Blizzard, Inc.
Southern Copper Corporation
PPG Industries, Inc.
Waste Connections, Inc.
The Kroger Co.
Pembina Pipeline Corporation
Citizens Financial Group, Inc.
Huntington Bancshares Incorporated
SVB Financial Group
Vornado Realty Trust
C.H. Robinson Worldwide, Inc.
MFA Financial, Inc. SR NT 42
Bank of America is incentivizing customers to do more of their day-to-day simple transactions digitally by paying them $15. It is cheaper for the bank and informs customers about options they may not know.
Bank of America's plans to accelerate its minimum wage plan to $20 an hour by the end of March will create ripple effects in the financial services industry and beyond.
(Bloomberg Opinion) -- It looks as if after all the talk, all the back-and-forth and all the market swings, the U.S. and China have finally reached the terms of a “phase-one” trade deal.The message from the world’s biggest bond market: Don’t get too excited about what that means for the economic outlook.For the first half of the U.S. trading session, long-term U.S. yields surged by 10 basis points, on pace for one of the three largest increases of 2019, on the news that U.S. negotiators were offering to cut existing tariffs on Chinese imports by 50% and also cancel the tariffs that were set to take effect on Dec. 15. But then the Treasury Department auctioned $16 billion of 30-year bonds at 1 p.m. New York time, which provided a reality check of what a small agreement between the world’s two largest economies would mean.Not only did the auction price at a yield 2 basis points lower than the market was indicating before the offering, but primary dealers, which are required to submit bids, took a record-low 15.5% share. That means investors who weren’t obligated to buy the longest-dated Treasuries rushed to take advantage of the trade-induced sell-off. Simply put, this sort of demand is rare. Yields ended the trading session off their highs.It’s perilous to read too much into a single Treasury auction. And last month’s 30-year bond sale also set a record for low primary-dealer takedown, at 20.7%, so Thursday’s result could just be continuing that trend.Still, if investors believed that this potential trade deal was truly a game-changer for markets and the global economy, I doubt they’d be so shortsighted to jump at a 10 basis-point move to the highest yield in a month. The effective duration of 30-year Treasuries is about 22 years, according to ICE Bank of America Merrill Lynch index data, meaning that another 10 basis-point increase would saddle owners of these new bonds with a 2.2% loss. If yields rose in the next six months to where they were as recently as April, bondholders would stand to lose more than 20%.I once called long-dated Treasuries one of the most dangerous parts of the bond market. And in July 2016, when yields hit record lows, it was for good reason: It takes a tiny shift in interest rates to cause huge gains or losses. There’s no credit spread to fall back on, as there is with corporate bonds. They’re not like two- or three-year notes, which are closely tethered to the Federal Reserve’s policy decisions. Rather, 30-year bonds are entirely subject to the whims of markets. Case in point: Recession fears reached a fever pitch in August, and long-bond yields tumbled to a record low. For a brief moment, 30-year Treasury bonds yielded less than three-month bills.Judging by the Fed’s confidence coming out of its meeting this week, the economic doomsday scenario appears to be in the rearview mirror. But the prospect of a somewhat stagnant economy is still the consensus. A Bloomberg survey shows analysts expect U.S. real gross domestic product to grow just 1.8% in 2020, the slowest pace since 2016. That could change with a trade agreement. Tom Orlik, chief economist at Bloomberg Economics, said “a deal that takes tariffs back to May 2019 levels, and provides certainty that the truce will hold, could deliver a 0.6% boost to global GDP.”For now, the deal seems to be that the U.S. will not introduce a new wave of tariffs on about $160 billion of consumer goods on Dec. 15 in exchange for a promise by China to buy more U.S. agricultural goods. Officials also apparently discussed possible reductions of existing duties on Chinese products. The bond market has already voiced its opinion: Not impressed.To contact the author of this story: Brian Chappatta at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Activision Blizzard (ATVI) is benefiting from franchise strength. The introduction of Call of Duty: Modern Warfare Battle Pass is expected to boost revenue growth.
Kroger Co.’s stock is poised to rise in the wake of third-quarter earnings that featured strong same-store sales growth, an analyst says, even though Kroger’s earnings missed estimates.
Discount retailer Walmart is taking a page from supermarket giant Kroger Co. by testing driverless delivery using Nuro vehicles.
Producers of The Game Awards on Thursday will lead into that event with a new offering called The Game Festival, an opportunity for gamers to try out new games. Today I'm introducing a brand new aspect of #TheGameAwards It's called #TheGameFestival, and tomorrow for 48 hours, you'll get to play 12 new game demos for the first time on @Steam. Other games that will be part of the trial are "Röki," "Wooden Nickel," and "Haven," according to organizer Geoff Keighley.
(Bloomberg) -- Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world’s largest initial public offering, a letdown for the Wall Street firms that pitched aggressively for a spot on the deal, people with knowledge of the matter said.The Gulf oil giant plans to pay the top local banks on the deal -- known as joint global coordinators -- 39 million riyals ($10.4 million) apiece, according to the people. The top foreign banks on the deal are set to each get 13 million riyals, or the equivalent of $3.5 million, the people said, asking not to be identified because the information is private.The figures represent the base fee being paid by Aramco, which will decide the amount of discretionary incentive fees at a later date, the people said. If Aramco opts to dole out additional money, most of it would likely go to the domestic banks that brought in the bulk of the IPO orders.Aramco raised $25.6 billion in its share sale, which became a local affair after foreign fund managers shunned its premium valuation. The base fee, representing 0.25% of the funds raised, pales in comparison to other large deals.IPO banks globally earned average fees equal to 4.1% of the deal size this year, up from 3.6% last year, according to data compiled by Bloomberg. Chinese internet giant Alibaba Group Holding Ltd., which raised $25 billion in its 2014 IPO, paid about $300 million to its underwriters including performance fees.Saudi Arabia didn’t need the Wall Street firms’ international networks after it scrapped roadshows outside the Middle East, turning instead to local retail buyers and wealthy families to shore up the deal. The foreign underwriters on the deal will barely make enough to cover their costs, Bloomberg News has reported.Aramco will pay local banks serving as bookrunners, a more junior role, about 5 million riyals each while foreign banks in that position will be paid about 2 million riyals apiece, the people said. The company declined to comment.(Updates with details of fee breakdown in third paragraph.)\--With assistance from Dinesh Nair.To contact the reporters on this story: Sarah Algethami in Riyadh at firstname.lastname@example.org;Matthew Martin in Dubai at email@example.com;Archana Narayanan in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Ben Scent at email@example.com, ;Stefania Bianchi at firstname.lastname@example.org, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
QFC, a Kroger chain, has added mini-farms to two of its supermarkets and will roll out 13 more in stores around Washington and Oregon.
Activision stock has gained 21% this year, but the stock has been mostly sideways in recent months. Call of Duty’s new battle pass is a reason for investors to get excited, KeyBanc Capital Markets says.
Lilly (LLY) initiates a phase III study on its oral RET inhibitor, selpercatinib, in treatment-naive, RET fusion-positive NSCLC patients.
Iterum's antibiotic candidate, sulopenem, fails to meet the primary endpoint of non-inferiority to Merck's Invanz in a late-stage study, evaluating it in complicated intra-abdominal infections.
With the help of the renewable deal with EDF Energy, Baker Hughes (BKR) expects to reduce emissions by 1.2 million metric tons of CO2 equivalent through the next 10 years.
Houston entrepreneurs are concerned about rising health care costs and the strength of the U.S. dollar going into 2020, according to a recent Bank of America report.
(Bloomberg) -- Roadblocks of mud, sticks and steel wire bar the entrance to villages lining the northern side of the Rio Tambo, a sign of revolt in the fertile valley cultivated since Inca times.For almost a decade, the farmers of this green strip wedged between the Andes mountains and the Pacific Ocean have resisted the construction of a copper mine they say will pollute the water course and destroy their livelihoods. Now they feel betrayed by Peru’s president after his government gave final approval to Southern Copper Corp.’s Tia Maria project.“We can’t allow it,” said councilwoman Zulema Quispe, who was navigating the barricades on the back of a motorcycle. Fields tilled for centuries will be tainted for future generations by the mine to be located just half a mile away, she said. “The president is giving priority to a multinational company and we won’t accept it.”To the outside, Peru looks like an island of calm in the sea of unrest sweeping South America. But the anger of farmers in the southern region of Arequipa shows the country isn’t immune to the kind of malaise beyond its borders—and that President Martin Vizcarra holds the key. Vizcarra is engaged in a high-stakes experiment to harness public outrage over rampant corruption and blow up the establishment, while trying to keep Peru’s mining-dependent economy on track. His signature decision to dismiss the opposition-controlled Congress this fall has won him allies and emboldened his detractors at a time when protests have rocked neighboring Bolivia and Chile to the east and south, and Ecuador and Colombia in the north. Vizcarra, whose government just lost a third cabinet minister in two months, acknowledges the threat of turbulence in Peru, but says dissolving parliament has helped ease “enormous” political tensions. Elections for its replacement on Jan. 26 will offer a first indication whether he’s correct.“There’s a dead calm after the dissolution of Congress,” said Mercedes Araoz, who resigned as vice president to protest Vizcarra’s decision. “But people are going to start presenting their demands to a government that has no clear agenda.” Without better relations between mining companies, communities and the government, social conflict will probably increase, she said.Vizcarra, 56, took an unconventional path to power. An engineer who ran a family construction firm in the south for almost two decades before entering politics, he is a relative outsider in Lima. On his arrival, he shunned the capital’s elites and surrounded himself with a small circle of confidants, appointing allies from his native Moquegua region to cabinet posts.His political career was born out of street protests in Moquegua in 2008 when, as head of the local engineers’ institute, he led negotiations for a bigger share of mining royalties from Southern Copper. Two years later, he won the race for regional governor, and brokered talks to end community protests against Anglo American Plc’s plans to build a major copper mine.His chance came in 2016 when he was elected vice president on Pedro Pablo Kuczynski’s ticket. Kuczynski quit less than two years later after becoming embroiled in the “Carwash” bribery probe centered on Brazilian construction giant Odebrecht SA, which ensnared three other Peruvian presidents. Vizcarra was first in line to replace him.“Peru is a country with a weak state, extreme inequality and weak institutions”As president, he introduced reforms to clean up the judiciary and political parties, but faced with resistance in Congress, ultimately dissolved the body. It was a controversial move that signaled his determination to take on the country’s elites. Peru’s Confiep business federation criticized the decision.For Araoz, it was a distraction “by the superficial, frivolous part of politics” that underscored the Vizcarra administration’s failure to meet “the promise of delivering better social welfare” and revving up economic growth.Yet it won overwhelming public backing. Congress was deeply unpopular and the president’s approval rating soared to 80% after he dismissed it on Sept. 30. His ratings remain high as he pushes an anti-corruption reformist program.Next month’s elections are still hard to call. A poll by the Institute of Peruvian Studies last month found about 5% support for the Popular Force of Keiko Fujimori—daughter of disgraced former president, Alberto Fujimori, and a vocal opponent of Vizcarra—with 9% for center-left Popular Action and 5% for the centrist Purple Party, both more receptive to the president. But after several tumultuous years, the majority (61%) said they planned to cast a protest vote or hadn’t decided. While Vizcarra doesn’t have a political party of his own and isn’t backing any candidates, some may throw their support behind his program regardless. But they may also seek to probe his shuttering of parliament. The Constitutional Court will set the tone when it rules on the decision’s legality, possibly in coming weeks. Peru’s political history has been marked by military coups, wars and corrupt leaders since its independence from Spain almost two centuries ago, leaving profound scars on society to this day. Like many of its South American neighbors, it faces a kind of internal reckoning.“Peru is a country with a weak state, extreme inequality and weak institutions,” said Steven Levitsky, a professor of government at Harvard University who has written widely on Peruvian democracy. “So there’s always a risk of protests and a risk the government falls.”On the verge of economic catastrophe 30 years ago, the country was opened to free trade and investment and fiscal prudence embraced. It went on to post the fastest average growth and lowest inflation among major Latin American economies for two decades. But while average incomes have more than tripled, the health, education and transportation systems are failing and crime and corruption have proliferated. Peru is notorious for social conflict; barely a week passes without some demonstration against a mining company, a government policy or incomplete public works. So frequent are conflicts that an ombudsman tracks them monthly. Some business leaders regard Vizcarra as making things worse by flip-flopping, caving to protesters and backtracking when faced with opposition on issues from mining to oil. His government upheld the Tia Maria mine permit but said a watchdog will review the project’s environmental study, and that community opposition needs to ease before construction can start.“We need to have predictability and the security that legal frameworks are going to be respected to carry out long-term investments,” said Maria Isabel Leon, Confiep chairwoman.Corruption investigations have paralyzed major infrastructure investment, while political turbulence has hurt business sentiment. Whereas Kuczynski, a Wall Street veteran, galvanized business leaders, investors are unclear where his successor really stands.“Peru is a country with a weak state, extreme inequality and weak institutions”“I don’t get the impression this government wholeheartedly believes in the private sector,” said Roque Benavides, chairman of Compania de Minas Buenaventura SAA, which has stakes in the country’s biggest copper and gold mines.Vizcarra’s government is working with the private sector to develop the economy, his cabinet chief, Vicente Zeballos, said in an emailed response to questions, adding that the president is liked and respected by the majority of Peruvians. Economic growth is poised to accelerate next year, and the president is moving to win over voters. Days after Chile’s streets exploded in protest in mid-October, he announced a package of measures including an increase to the minimum wage and boosting access to cheaper medicine. Vizcarra justifies shaking up the system on the grounds that “if things aren’t working, you have to change them.” He recently said his mantra to cabinet members is: “We’re not here to leave things as they are.” Still, a question mark lingers over how long he can continue his balancing act, particularly since mining remains the main driver of the economy. In the Tambo Valley, where Incas once cultivated chili peppers, farmers just want to continue growing potatoes, sugarcane and garlic for markets across southern Peru and Bolivia without mining interference. Government assurances that Tia Maria won’t contaminate the local water supply are met with skepticism - especially after Vizcarra intervened on their behalf, only for the mine’s permit to be granted. “Why does the government want to impose this project with blood and fire?” said Juan Galdos, 61, who was manning a barricade in Cocachacra, the valley’s largest town. Jailed in 2015 for opposing the mine, he said he was guided by Vizcarra’s example in standing up to Southern Copper. Now he feels sold down the river. “They get into power and this is what happens,” he said.\--With assistance from Dave Merrill.To contact the author of this story: John Quigley in Lima at email@example.comTo contact the editor responsible for this story: Alan Crawford at firstname.lastname@example.org, Walter BrandimarteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
Bank of America Corp (NYSE: BAC ) expanded its free trading offering Monday with the elimination of commissions on stock, ETF and options trades. This development follows Robinhood’s pioneering of the ...