Stock Market Today


 

Exchanges cautious ahead of Bitcoin Cash launch [0.07]

Posted on Aug. 1, 2017, 8:36 p.m. by Markets @ [source]

Several exchanges globally have adopted a cautious approach before an alternative version of the — known as Cash — is introduced on Tuesday.

India’s leading exchanges had earlier advised investors that they should transfer their coins from exchange wallets to private wallets.

August COIN currency Exchange faster introduction investors majority stakeholders trading

 

Judge Shelley C. Chapman of the Federal Bankruptcy Court in Manhattan has issued an opinion that provides an important reminder for employees throughout the United States who participate in deferred-compensation plans.

The opinion is from the long-running Lehman Brothers bankruptcy, but it applies to employees of all sorts of companies.

bankruptcy Brothers Court deferred compensation employees employer Lehman obligation opinion plan

 

Weavers reel under post-GST hike in yarn prices [-0.12]

Posted on Aug. 1, 2017, 8:30 p.m. by Markets @ [source]

A post Goods and Services Tax (GST) hike in prices of fully drawn (FDY) and partially oriented (POY) by 5-7% has sent the synthetic textile weaving industry reeling under margin pressures.

Unlike the pre- prices, the post- ones will see an additional 18 per cent levy on and processors, which the latter have to claim through input tax credit.

cent credit hike input post processors risen rising Rs kg tax

 

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A Buy and Hold recommendation has been issued for McDermott International (MDR).

McDermott International is a buy and hold stock that any investor who has patience, a long-term vision, and can see through this weak oil and gas period must invest in.

growth industry installation McDermott International MDR oil past project Revenue years

 

Prosecutors also say that at Retrophin, a pharmaceutical company he founded, Mr. Shkreli arranged to pay the defrauded MSMB investors by creating fake agreements making it look like the investors were consulting for Retrophin, or signing settlement agreements requiring Retrophin to pay the investors, when Retrophin had no such responsibility. Finally, prosecutors charged that he secretly controlled a huge portion of Retrophin stock by giving shares to associates and telling them to buy, sell or reassign the shares, and did not disclose that.

assets defense investors management Mr Mr Shkreli MSMB prosecutors Retrophin testified

 

The attrition will basically counteract growth in other divisions until a plateau is reached. Subscriber attrition runs about 3% annually.

cable consumer Disney division ESPN growth media Network Revenue streaming

 

Fiserv Earned $1.19 per Share for Q2 [0.12]

Posted on Aug. 1, 2017, 8:08 p.m. by Crossing Wall Street @ [source]

For Q2, Fiserv (FISV) reported earnings of $1.19 per share. The company didn’t give guidance for Q2, but their full-year guidance is unchanged at $5.03 to $5.17 per share.

basis earnings Fiserv guidance increased months periods Q2 quarter shares

 

August 1, 2017: Here are four stocks trading with heavy volume among 104 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 4 to 3 and on the Nasdaq, advancers led decliners by a narrow 15 to 14.

closing Monday NASDAQ NYSE shares Tuesday UA UAA Volume week

 

Intel, Chevron Lift DJIA on Tuesday [0.01]

Posted on Aug. 1, 2017, 8:01 p.m. by 24/7 Wall St. @ [source]

August 1, 2017: Markets opened higher again Tuesday following the government report on personal spending and income which was pretty much in line with expectations. WTI crude oil for September delivery settled at $49.16 a barrel, down 2% for the day on a report that OPEC exports rose in July.

higher news NYSE report shares specific stock traded Tuesday week Volume

 

Shopify (SHOP) stock is nearly 10% higher today after reporting blowout second quarter numbers. Enter Shopify, which allows retailers to do that by tying in all these distinct points of sale and connecting them through the cloud.

commerce growth higher huge multiple profits rate Revenue shop stock

 

Both Full House Resorts (Ticker:FLL) and Nevada Gold & Casinos (Ticker:UWN) operate similar businesses.

Full House Resorts is a much different company with a more solid foundation with the prospect for more stable long term returns.

asset business casino estate improving management Nevada Gold properties stock UWN

 

Hudson's Bay stock finally caught some much-needed traction last month and reminded longs of the massive upside opportunity present in North America's oldest company, Hudson's Bay (OTCPK:HBAYF). This came in the form of an activist letter, nudging Hudson's Bay to accelerate the selling off of its real estate.

board estate estate portfolio HBC Hudson Bay Land Buildings Retail retailer shareholder strategy

 

Commodities lowest in 50 years [0.05]

Posted on Aug. 1, 2017, 7:33 p.m. by Stock Gumshoe @ [source]

Saw the Incrementum chart showing the Commodity graph from 1971-2017 showing major world events. Graphs and numbers can say what you want them to say, and the commodity market is wide and varied (energy supplies are not the same as food nor metals), but I still am interested to hear opinions and approaches.

commodity events Glean Gumshoe Incrementum major opinions showing stock thoughts

 

It may be tempting to pick up some Egalet Corporation (EGLT) stock now that the price has dropped over 75% in the last year, but be wary of catching knives which may still be falling. The FDA’s relaxed oversight of marketing material may be indicative of “anything helps” attitude in the fight against opioid abuse.

Abuse abuse deterrent Arymo ER drug Egalet Guardian market opioid product stock

 

Bespoke Stock Scores: 8/1/17 [-0.50]

Posted on Aug. 1, 2017, 7:15 p.m. by Bespoke Investment Goup @ [source]

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access contact continue log page requested

 

The distress in retail has been duly noted. There is an excess supply of retailers, which needs to be cleared out and that bubble is finally bursting.

current discount economic growth Retail retailer Revenue ROST store year

 

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Ver now heads bitcoin mining hardware seller and mining contracts firm Bitcoin.com. Meanwhile, its customers have grown from "bitcoin enthusiasts buying hardware" to "governments, companies and organizations," Smith said.

Bitcoin cards Chinese currency hardware mine miner mining NVIDIA report

 

Over the past few months Shopify (NYSE:SHOP) has become one of the hottest stocks in the market. For the past eight years, we have experienced one of our nation’s most impressive bull markets.

growth market merchant Q2 Revenue sales Shopify stock user YoY