HSBC is reportedly planning to cut up to 10,000 jobs, as interim CEO Noel Quinn aims to reduce costs. Yahoo Finance's Akiko Fujita and Ines Ferre discuss the details.
To the annoyance of some shareholders, RPC (NYSE:RES) shares are down a considerable 31% in the last month. It is a shareholder who has suffered a bad loss, but continues to hold indefinitely, without questioning their reasons for holding, even as the losses grow greater. Assuming nothing else has changed, a lower share price makes a stock more attractive to potential buyers.
Clarivate Analytics Plc (NYSE:CCC) was in 21 hedge funds' portfolios at the end of June. CCC investors should pay attention to a decrease in enthusiasm from smart money recently. There were 22 hedge funds in our database with CCC holdings at the end of the previous quarter.
E-Trade shares are rising after the company's CEO told analysts that the New York online brokerage would be open to a combination. The company also reported better-than-expected third-quarter results and saw its price target upgraded at a number of Wall Street firms. "We're well aware that possible combination or alternatives could accelerate shareholder value," Chief Executive Michael Pizzi said on a conference call.
A week after Red Hat CFO Eric Shander unexpectedly left the company, little information on his departure has come out of Red Hat Tower other than that the decision came down to “workplace standards.” "As we've previously said, Eric was dismissed without pay," said a Red Hat spokeswoman Wednesday. "There is no additional information I can provide." Following an earnings call Wednesday, Logan Purk, an analyst with Edward Jones, admits learning the news last week was a “shock.” “It's never really good when a senior leader or a member of a management team has to resign suddenly,” he says. While Red Hat is under the IBM umbrella, it operates largely as a standalone company – making the CFO position vital, he says.
Hedge fund Elliott Management disclosed a $3.20 billion stake in AT&T last month. The hedge fund sternly criticized the telecommunication and media conglomerate due to its acquisitions in the last few years. Elliott Management also suggested divesting some non-core assets and paying back debt aggressively in order to unlock value.
CVS Health Corporation (NYSE:CVS) stock is about to trade ex-dividend in 4 days time. CVS Health's upcoming dividend is US$0.5 a share, following on from the last 12 months, when the company distributed a total of US$2.0 per share to shareholders. Looking at the last 12 months of distributions, CVS Health has a trailing yield of approximately 3.0% on its current stock price of $66.5.
Tesla stock has closed in the green for nine consecutive trading sessions. During the second-quarter earnings call, Elon Musk expressed optimism about breaking even in the third quarter and posting a profit in the fourth quarter. Tesla has raised Model 3's prices.
IBM shares are slumping after the company reported a fifth consecutive quarter of falling sales. But revenue from Redhat grew by 20%. Yahoo Finance's Melody Hahm joins Akiko Fujita on The Ticker.
Tesla Inc's attempts to humble Porsche with a new lap record on Germany's legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating. Porsche and U.S.-based Tesla are battling to establish supremacy in lap times for four-door electric sportscars, but comparisons are not exact, as conditions, ranging from car modifications to tyre types, vary with each test. "We want to have circumstances that can be understood and replicated," said Nuerburgring spokesman Alexander Gerhard, adding that the racing circuit operator had moved to tighten rules by which a car maker can claim a certified lap time.
Randy Shelton, general manager of ArcelorMittal's Monessen plant, spoke to the community Thursday evening to provide updates on the coke-making facility's actions since a consent decree filed in December 2017. About a dozen community members, equipped with stories of black dust on their windows and metallic flecks in their water, attended the community meeting — the third of four — held at Monessen High School. In December 2017, the steel company reached a settlement with the Pennsylvania Department of Environmental Protection and the U.S. Environmental Protection Agency for air quality violations dating back to 2014.
A subsidiary of Amazon.com Inc. (NASDAQ: AMZN) has acquired 57 acres on the Route 28 corridor in Herndon from a major federal IT contractor. Amazon Data Services Inc., otherwise known as Vadata, paid $54 million for the 2.4 million-square-foot site at 13600 EDS Drive in a deal that closed Oct. 4, according to public land records. The seller of the Herndon site, about five minutes from Dulles International Airport, was Perspecta Enterprise Solutions LLC, an affiliate of Perspecta Inc. Vadata is Amazon's data center unit.
The U.S. and China may be nearing a tentative, partial trade agreement but the IMF's new leader has warned the trade truce won't be enough to boost global growth. Another ongoing dispute may also be nearing a resolution, with the U.K. and EU agreeing a Brexit deal, though British MPs still have to approve it. But the U.S. has confirmed tariffs on $7.5 billion worth of European goods will take effect on Friday, proving that geopolitical tensions are here to stay.
Every investor in Bausch Health Companies Inc. (NYSE:BHC) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Bausch Health Companies is a pretty big company.
A buyout consortium led by Blackstone sent a frisson through debt markets this week as it took advantage of a booming appetite for bonds to push through aggressive terms on financing for its leveraged buyout of Merlin Entertainments. Merlin, which owns and operates Legoland and Madam Tussauds, took on more than $3 billion of debt to help to fund Blackstone's bid to take the company private in a deal worth $7.5 billion agreed in June, one of the largest European private equity transactions in recent years. Analysts and investors are worried that the European Central Bank's unprecedented stimulus programme is driving investors into riskier debt.
Yahoo Finance's Julie Hyman and Adam Shapiro speak with Senator Ron Wyden on his outlook for social security and retirement.
Investing in hedge funds can bring large profits, but it's not for everybody, since hedge funds are available only for high-net-worth individuals. A particularly interesting group of stocks that hedge funds like is the small-caps. The huge amount of capital does not allow hedge funds to invest a lot in small-caps, but our research showed that their most popular small-cap ideas are less efficiently priced and generate stronger returns than their large- and mega-cap picks and the broader market.
A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings. All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Does Cleveland-Cliffs Have A Relatively High Or Low P/E For Its Industry?
Stifel Financial Corp. (NYSE: SF) is projecting its 24th year of record revenue in 2019 with record profits. Global Wealth Management, the company's largest division, will generate another record number, Stifel Chairman and CEO Ron Kruszewski said at a company conference Thursday in St. Louis. Kruszewski said Stifel's latest investment, a minority stake in crowdfunding platform OurCrowd that was announced this week, will give accredited clients access to early-stage high-tech private companies, investments that are usually limited to high-net-worth investors and family offices.
A look at the shareholders of Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership.
IHS Markit (ihs) said in a filing to the Securities and Exchange Commission that it's approved the initiation of a quarterly dividend, as well as authorized a new share repurchase program of up to $2.5 billion. IHS expects to declare the quarterly cash dividend for the first quarter of fiscal 2020 in January 2020 with payment expected in February 2020. The company is targeting an annual capital return to shareholders of approximately 50-75% of what it calls its capital capacity.
U.S. Treasury yields mostly rose on Friday as investors eyed developments on Brexit ahead of Parliament's vote on the weekend. The 10-year Treasury note yield (BX:TMUBMUSD10Y) was up 1.2 basis points to 1.769%, while the 2-year note rate (BX:TMUBMUSD02Y) was mostly unchanged at 1.607%. The 30-year bond yield (BX:TMUBMUSD30Y) rose 1.6 basis points to 2.257%.
Anyone who held Gran Tierra Energy Inc. (NYSEMKT:GTE) for five years would be nursing their metaphorical wounds since the share price dropped 79% in that time. The falls have accelerated recently, with the share price down 35% in the last three months. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell F.N.B. Corporation (NYSE:FNB), you may well want to know whether insiders have been buying or selling.