Stock Market Today


 

McClatchy Shares Hit by Wave of Selling [0.09]

Posted on Aug. 8, 2017, 3:15 p.m. by 24/7 Wall St. @ [source]

McClatchy Co. (NYSE: MNI) shares have been hit by another wave of selling.

McClatchy’s numbers looked similar to those of several other newspaper chains.

ad audience continue McClatchy modest newspaper numbers quarter Revenue subscriptions

 

Two Harbors Investment (NYSE: TWO) has caught our attention today as it has just reported earnings, however the Street is having a muted reaction with shares trading just a penny higher at the time of this writing. As you know TWO is an mREIT I have repeatedly had concerns over, particularly as it pertained to the dividend in the past.

dividend dividend coverage earnings income mREIT net interest prepayment quarter rate spread

 

Trump is at his golf club in Bedminster, New Jersey, where he will meet with Health and Human Services Secretary Tom Price for a briefing on the opioid crisis. Later, Vice President Pence and other advisers will join Trump to discuss tax reform.

Bedminster Club golf Health human Jersey meet Secretary services Trump

 

Ladies and Gentlemen: Gridlock Is Good [0.12]

Posted on Aug. 8, 2017, 3:06 p.m. by INO.com Traders Blog @ [source]

One of the marvels of the continued bull market in stocks this year – and to a much lesser extent in bonds, too – is that it’s taking place in spite of what appears to be a tremendous amount of dysfunction and conflict within the federal government.

Unfortunately, only one of those factions appears to be interested in doing its job, which is trying to help the American people and enact the agenda it was elected on.

Congress debt Democrats economy government gridlock market party Republican Trump

 

Valeant Pharmaceuticals International Inc. (NYSE: VRX) reported its second-quarter financial results before the markets opened on Tuesday. The decrease was primarily driven by decreases in volume and price in Valeant’s U.S. Diversified Products segment, attributed to the previously reported loss of exclusivity for a basket of products, and the dermatology business.

business firm international Pharmaceuticals Products quarter Revenue segment stock Valeant

 

The government crackdown against 331 “suspected shell companies” has hit several investors, including mutual funds and small investors, who hold shares worth nearly Rs 9,000 crore in these companies.

Our company’s compliance track record, both with the exchanges and Registrar of Companies has been impeccable,” said the Mumbai-based infra developer, highlighting the various projects it is currently working on, including some government contracts.

companies Exchange investors ministry Rs crore Sebi SFIO Shell shell companies stock

 

These Terms of Use and the Briefing.com Reader Agreement may be changed by Briefing.com at any time without notice.

To acquire more extensive licensing rights to Briefing.com content please review this page.

acquire Agreement Briefing changed com extensive licensing Reader rights Terms

 

Why Fibrogen Shares Are Exploding [0.07]

Posted on Aug. 8, 2017, 2:55 p.m. by 24/7 Wall St. @ [source]

When FibroGen Inc. (NASDAQ: FGEN) released its most recent quarterly results after the markets closed on Monday, it was not the most important news that broke.

Jefferies only initiated its Buy rating on FibroGen in July.

FibroGen fibrosis firm IPF July Mid pamrevlumab Pulmonary results stage

 

Morgan Stanley upgraded Foot Locker to overweight from underweight Tuesday, saying the shoe retailer has an edge over Amazon.com in the high-end market.

They have a 12-month $65 price target on Foot Locker, which is 33 percent higher than the stock's Monday closing price and close where it traded in December.

Amazon end foot high higher Locker market retailer shoe Tuesday

 

These Terms of Use and the Briefing.com Reader Agreement may be changed by Briefing.com at any time without notice.

To acquire more extensive licensing rights to Briefing.com content please review this page.

acquire Agreement Briefing changed com extensive licensing Reader rights Terms

 

Mexco Energy (NYSE: MXC) trades at a puzzling valuation: just 0.74x the value of its reserves as compared to 1.67x for other nano cap oil and gas companies and 3.25x for small-cap Permian oil and gas companies. In addition, Mexco Energy has limited exploration risk and significant insider ownership.

fiscal gas companies Martin County Mexco Mexco Energy NYSE oil gas Permian Reserve wells

 

Not that long ago, the strong dollar was hurting the earnings and revenues of many of the top international companies based in the United States. The report points out that dollar has tended to move in long-term cycles, with the average bull market lasting six to seven years and the average bear market lasting nine to 10 years — and the last dollar bull market from July of 2011 to January 2017 lasted nearly six years.

bear Credit Suisse dollar Euro market month noted report team year

 

The 30-share index, which lost nearly 52 points in the previous session, resumed higher at 32,341.05 and advanced to 32,354.77 in early trade. This has led to erosion of serious wealth and if some of the companies are found to be not shell companies, this order shall still be a death knell on their perception and valuation," said Rajesh Narain Gupta, Managing Partner, SNG and Partners.Dr Reddy's was the worst performer in the 30-share pack, losing 4.91 per cent.

advanced cent companies index lost partner resumed session share Shell

 

Imagine keeping up with your Wells Fargo car loan payment every month -- but having your vehicle repossessed anyway.

Hanef is a victim in the latest Wells Fargo scandal.

auto bank borrower car customers Hanef insurance loan scandal Wells Fargo

 

Saikat Das: Mumbai: The appreciating rupee may reflect the strength of India’s economy, but an unintended consequence is the complacency setting in among importers and borrowers. Unhedged or uncovered positions may have increased by as much as 60%, according to industry estimates.“With a rise in the rupee’s value, many importers are now comfortable to keep their payables open,” said Abhishek Goenka, founder of IFA Global, a Mumbai-based forex consulting firm.

companies currency foreign hedging importers India MUMBAI positions rupee unhedged

 

Benjay [0.00]

Posted on Aug. 8, 2017, 2:35 p.m. by Stock Gumshoe @ [source]

What is the stock being touted as ” The Lazarus Project”?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader.

counter created Gumshoe Lazarus over product project stock The touted

 

ADP Stock Breakout Just Getting Started [0.11]

Posted on Aug. 8, 2017, 2:32 p.m. by rss_stock_analysis @ [source]

Activist investor Bill Ackman announced on Monday that his Pershing Square Capital Management hedge fund had accumulated an 8.3% stake in Automatic Data Processing, Inc. (ADP) and followed up with the nomination of three board candidates. The involvement of Pershing is a mixed bag because Ackman has a tarnished record, losing billions in recent years on Valeant Pharmaceuticals International, Inc. (VRX), Herbalife Ltd. (HLF) and Chipotle Mexican Grill, Inc. (CMG).

Ackman ADP breakout buying highs July Pershing stock term triple

 

Sovereign gold bonds attract Rs 6,030 cr on first day [0.10]

Posted on Aug. 8, 2017, 2:32 p.m. by Markets @ [source]

The Reserve on Tuesday said Sovereign have attracted investment worth Rs 6,030 crore so far.

So far, the bonds have been issued in nine tranches.

attracted crore investment launched Reserve Rs Savings sovereign Tuesday worth

 

Queries on selection of firms under graded surveillance [0.04]

Posted on Aug. 8, 2017, 2:30 p.m. by Markets @ [source]

The process to bring companies under the (GSM) adopted by and the and Exchange Board of India (Sebi) has come under question from various quarters.

While the object is noble, Sebi's process might be questionable," said Sumit Agrawal, partner, Suvan Law Advisors and an ex- official.

broker companies Exchange GSM Sebi Shell stage stock surveillance trading

 

Time Cannot Erect a Paywall [0.15]

Posted on Aug. 8, 2017, 2:29 p.m. by 24/7 Wall St. @ [source]

Time Inc. (NYSE: TIME) posted another disappointing set of earnings. At its core is a problem that has plagued most newspaper companies, particularly New York Times Co. (NYSE: NYT).

advertising NYSE OIBDA posted quarter Revenue subscription Times year York