Stock Market Today


 

The latest political turmoil is spelling trouble for accomplishing anything on the Trump administration's agenda, such as tax reform, a former national economic advisor said.

Stocks have rallied on hopes for pro-growth policies from the Trump administration, and could take a hit if the White House strays away from tax reform, deregulation or other pro-growth measures.

administration agenda business Cohn policies reform tax Trump Wednesday White

 

Cisco Sinks Despite Meeting Q4 Estimates [0.03]

Posted on Aug. 16, 2017, 8:22 p.m. by 24/7 Wall St. @ [source]

Cisco Systems, Inc. (NASDAQ: CSCO) reported fiscal fourth-quarter financial results after markets closed Wednesday.

In terms of the outlook for the fiscal first quarter of 2018, Cisco expects to see EPS in the range of $0.59 to $0.61 and revenues declining 1% to 3% from last year.

Cisco closed consensus Deferred EPS fiscal product quarter Revenue software

 

Macy's (M) has had a rough go of it for the past couple of years as the company has been front and center in the battle for the survival of department stores. The company's sales continue to wane, taking margins down as well and as you can see below, investors seem to have given up on Macy's as a result.

business comp decline dividend Macy margin operating sales stock year

 

August 16, 2017: Here are four stocks trading with heavy volume among 186 equities making new 52-week lows in Wednesday’s session. The stock’s 52-week high is $16.66.

closing decliners dropped led NYSE stock Tuesday Volume Wednesday week

 

August 16, 2017: Markets opened higher again Wednesday even after a poor report on U.S. housing starts. The stock’s 52-week range is $119.20 to $160.86.

markets news NYSE shares specific stock traded Volume Wednesday week

 

While Amazon is a riskier stock than more conservative offerings such as Microsoft, the potential for growth is far greater.

As a market leader in the cloud computing industry, lower earnings are a reflection of high levels of capital investment by Amazon to maintain its lead in this sector.

Amazon capital cloud computing earnings growth lower maintain market Microsoft offering

 

I did not buy the stock the last time I wroteabout it, but this time I did.

Although I did not buy the stock then (mainly because I did not project Trump's infrastructure plan to impact USCR's bottom line until 2018 at the earliest), a review of recently-reported Q2 earnings coupled with Trump's executive last night led me to take a long position on USCR shares at roughly $77.

acquisition executive growth increased infrastructure project Revenue stock Trump USCR

 

Gildan: A Buy Opportunity [0.11]

Posted on Aug. 16, 2017, 7:50 p.m. by Long Investing Ideas from Seeking Alpha @ [source]

The company has several growth drivers going into the second half of the year. The company stated in the earnings release that free cash flow for 2017 is expected to be, “in excess of $425 million”.

acquisitions business earnings Gildan growth market operating product quarter sale

 

NSE, BSE initiate audit of 100 'shell' firms [0.04]

Posted on Aug. 16, 2017, 7:47 p.m. by Markets @ [source]

The move follows the Securities and Exchange Board of India’s (Sebi’s) directives to to verify the credentials and fundamentals of the “331 suspected shell companies", which have been barred from trading. The 331 suspected shell companies were identified by the corporate affairs ministry.However, the Securities Appellate Tribunal temporarily stayed the trading ban on some of them imposed by the regulator.

asked companies Exchange regulator Sebi Securities Shell suspected tax trading

 

For the first time in the history of India’s garment exports to the US, the country has clocked top position in market share in the category ‘men/boys knitwear shirts cotton’ (a variety of knitwear) for the first six months of 2017.

The data released by the Office of Textile and Apparel, US department of commerce, show that India exported 8.5 million dozens of men/boys shirts cotton to the US.

cent cotton data Exporters India knitwear market men boys position shirts

 

Lastly, given the analysis of possible new entrants, I analyze the different scenarios and by extension the growth dynamics for the entertainment zone.

The end August deadline will likely see 3 new casino operators given rights to develop properties at the IEZ.

casino development hotel IEZ Macau Phase plots Russian Summit Ascent Vladivostok

 

The retail industry isn't the only one that can't stop talking about e-commerce giant Amazon.com.

The topic engaged the chief executives from mall operators to a satellite TV provider, consumer products makers, an auto parts retailer, and pharmacy and drug companies.

Amazon calls commerce companies executive location mentioned Products retailer store

 

Space-like adjectives are often used to describe bitcoin’s stratospheric price rise. The price climbed to a record $4,449.90 on Tuesday before retreating.

adjectives analogies Bitcoin describe like plan rise Space stratospheric truth

 

Quirky Foods Invented Since 1920 [0.07]

Posted on Aug. 16, 2017, 7:30 p.m. by 24/7 Wall St. @ [source]

How particular is your palate? Would you be willing to try a food that’s out of the ordinary?

Canned cheap food goods identify ingredients quirky recipes theme unique

 

But the weakness of inflation, which the Fed now expects to remain below its target annual pace of 2 percent for the fifth-consecutive year, is prompting some Fed officials to hesitate.

Now, the Fed is confronting “the coexistence of low inflation and low unemployment,” a phenomenon that inverts the “stagflation” experience of the 1970s, when both inflation and unemployment climbed.

Fed growth inflation officials raise rate remain unemployment wage workers

 

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The first normal southwest in 2016 after two years of drought had the central government issuing a revised upgrading of the country's overall foodgrain production in the 2016-17 crop year (ending this June 30) by 2.3 million tonnes, to a record 275.68 mt. The first normal southwest in 2016 after two years of drought had the central government issuing a revised upgrading of the country's overall foodgrain production in the 2016-17 crop year (ending this June 30) by 2.3 million tonnes, to a record 275.68 mt.

country crop foodgrain government June mt normal production record mt Southwest

 

Rising commodity prices to take a toll on Q2 results [0.01]

Posted on Aug. 16, 2017, 7:12 p.m. by Markets @ [source]

Prices of have surged sharply across global markets since July, with raw material and going up by 5-15 per cent. This, along with increasing demand, is likely keep most commodity prices elevated, though some commodities are likely to show signs of moderation.

cent coking coal commodities commodity companies costs input market quarter raw

 

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If there is one undeniable trend, it is the fact that our society is rapidly moving to embrace technology. Although there are several of these companies out there, I came to believe that one of the few opportunities that held the greatest upside potential was a company called Cogint (COGT).

Cogint companies data growth market platform portfolio potential Revenue revenue increased