24/7 Wall St.


 

Zai Lab Files for IPO [0.10]

Posted on Aug. 16, 2017, 1:40 p.m. by 24/7 Wall St. @ [source]

Zai Lab has registered an F-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). As part of that effort, Zai Lab has assembled a management team with global experience and an extensive track record in navigating the regulatory process to develop and commercialize innovative drugs in China.

China drug global innovative intend management market niraparib offering unmet

 

The one trend that dominated more than half of the eight-year bull market is that investors have managed to keep finding new reasons to buy stocks after every sell-off.

Paychex Inc. (NASDAQ: PAYX) was raised to Equal Weight from Underweight with a $55 price target (versus a $55.59 close) at Morgan Stanley.

analyst closed higher Inc NASDAQ NYSE raised rating stock versus

 

Target Rides Higher After Beating Q2 Estimates [0.05]

Posted on Aug. 16, 2017, 12:35 p.m. by 24/7 Wall St. @ [source]

When Target Corp. (NYSE: TGT) reported its fiscal second-quarter financial results before the market opened on Wednesday, the retailer said that it had $1.23 in earnings per share (EPS) and $16.43 billion in revenue.

On the books, Target’s cash and cash equivalents totaled $2.29 billion at the end of the quarter, down from $2.51 billion at the end of the previous fiscal year.

comparable consensus EPS fiscal quarter results Revenue sales second Wednesday

 

US Air Force Revs Up for ThunderDrone [0.03]

Posted on Aug. 16, 2017, 12:25 p.m. by 24/7 Wall St. @ [source]

At a competition last week at New Mexico’s Holloman Air Force Base, the U.S. Air Force kicked off its Light Attack Experiment, an effort to find a low-cost, light-attack fighter plane that would require reasonably little work to develop. At the event, Air Force Secretary Heather Wilson announced that the service is “going to have a big competition” soon, “a rapid prototyping event, … to investigate swarms and platforms and effects and data science of small unmanned aerial vehicles.” It’s name is ThunderDrone.

Air attack base competition experiment Holloman light Mexico prototyping ThunderDrone

 

During the week, mortgage loan rates fell on three of the five loan types that the MBA tracks.

The seasonally adjusted purchase index decreased by 2% compared with the week ended August 4.

bond fell fixed higher index loan MBA mortgage rate year

 

GE Shares, Down 20%, Put Drag on Dow [-0.01]

Posted on Aug. 16, 2017, 10:30 a.m. by 24/7 Wall St. @ [source]

The Dow Jones Industrial Average is up 11.2% this year to 21,999. Net income was down 52% to $1.4 billion.

Buffett Dow Flannery GE Industrial performing quarter Revenue stock worst

 

50 Most Popular Country Music Stars [0.23]

Posted on Aug. 15, 2017, 11:02 p.m. by 24/7 Wall St. @ [source]

Country musicians, like most musicians today, have been forced to market their craft in the digital age. For example, country group Lady Antebellum – which released its first full-length album in 2008 – has 10.9 million Facebook likes.

album artist billboard country likes media music sales social year

 

Urban Outfitters, Inc. (NASDAQ: URBN) reported fiscal second quarter financial results after markets closed Tuesday.

By brand, comparable retail segment net sales increased 2.9% at Free People, but decreased 4.0% at the Anthropologie Group and 7.9% at Urban Outfitters.

comparable consensus EPS revenue net Outfitters quarter Retail sales segment Urban

 

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) issued a report Tuesday on the effect of terminating payments of cost-sharing reductions (CSRs) to health insurers as required under the Affordable Care Act (ACA), or Obamacare.

According to CBO and JCT’s projections, for single policyholders, gross premiums (that is, before premium tax credits are accounted for) for silver plans offered through the marketplaces would, on average, rise by about 20% in 2018 relative to the amount in CBO’s March 2016 baseline and rise slightly more in later years.

CBO cost CSR federal Health insurers JCT payments plan Premium

 

August 15, 2017: Here are four stocks trading with heavy volume among 210 equities making new 52-week lows in Tuesday’s session. Volume of more than 41 million was nearly 3 times the daily average of about 15 million.

closing decliners dropped led Monday NYSE stock Tuesday Volume week

 

Apple, American Express Pace the DJIA Tuesday [0.02]

Posted on Aug. 15, 2017, 8:01 p.m. by 24/7 Wall St. @ [source]

August 15, 2017: Markets opened higher again Tuesday even though reported economic data was slightly better than expected.

Of the Dow stocks, 19 are on track to close higher Tuesday and 11 are set to close lower.

gain higher news shares specific stock traded Tuesday Volume week

 

50 Best Movies of All Time [0.27]

Posted on Aug. 15, 2017, 7:54 p.m. by 24/7 Wall St. @ [source]

What’s the greatest movie of all time?

Attempting to answer this question and find the 50 best films of all time, 24/7 Wall St. reviewed movie ratings as decided by critics and general audiences on Rotten Tomatoes and Internet Movie Database.

critic film General Movie rating Rotten Tomatoes St tastes user rating Wall

 

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is projected to rise by a whopping 117,000 barrels a day in September to 6.149 million barrels per day.

August barrel Basin cubic feet gas oil production report rise September

 

Can Target Buck This Retail Trend With Earnings? [-0.02]

Posted on Aug. 15, 2017, 5:29 p.m. by 24/7 Wall St. @ [source]

Target Corp. (NYSE: TGT) is scheduled to release its fiscal second-quarter financial results before the markets open on Wednesday. Like many other companies in the retail sector, Target has been left bloody and battered, and with earnings approaching it seems like it’s only going to get worse.

earnings EPS market Neutral perform quarter rating results sales store

 

Why Jefferies Analysts Like Fiat Chrysler Buyout [0.13]

Posted on Aug. 15, 2017, 5:25 p.m. by 24/7 Wall St. @ [source]

Reports surfaced earlier this week that an unspecified Chinese company had made an offer for automaker Fiat Chrysler Automobiles N.V. (NYSE: FCAU).

Jefferies noted that press reports of a stand-alone premium group comprising Alfa Romeo and Maserati may not be able to hold its own.

Alfa FCA Jeep Jefferies Maserati revenues EBIT sales stand stock Tuesday

 

Having overtaken boomers in sheer numbers sometime last year, millennials now hold the key to U.S. consumer spending, the engine that drives nearly 70% of U.S. gross domestic product (GDP). In the Americas region, growth for 2017 is forecast to be no better than flat with last year and could fall by 2%.

brand edited Full price goods key luxury market millennial price sellouts report

 

Shares of Dick’s Sporting Goods Inc. (NYSE: DKS) hit a multiyear low after the company reported its most recent quarterly results before the markets opened on Tuesday.

Shares of Dicks were last seen down about 20% at $27.93, with a consensus analyst price target of $49.08 and a new 52-week range of $27.85 to $62.88.

Dick earnings EPS goods quarter Retail retailer Revenue similar sporting

 

20 Countries That Love to Vacation in America [0.26]

Posted on Aug. 15, 2017, 3:32 p.m. by 24/7 Wall St. @ [source]

When the world’s biggest entertainment and media industry highlights all aspects of American life, the United States naturally becomes the place to visit. Population estimates are for 2016 and came from the World Bank.

biggest countries entertainment estimate industry population states tourism United visit

 

How Extreme Networks Won Big in Its Q4 [0.05]

Posted on Aug. 15, 2017, 2:55 p.m. by 24/7 Wall St. @ [source]

When Extreme Networks Inc. (NASDAQ: EXTR) reported its most recent quarterly results after the markets closed on Monday, the company said that it had $0.17 in earnings per share (EPS) and $178.7 million in revenue.

Separately, Extreme Networks expects to close on its purchase of the data center networking assets of Brocade Communications by the end of October.

consensus earnings EPS Extreme Networks fiscal GAAP growth performance quarter Revenue

 

Why Is Home Depot Escaping the Retail Collapse? [0.05]

Posted on Aug. 15, 2017, 2:50 p.m. by 24/7 Wall St. @ [source]

One company that does not behave like it’s scared of the big, bad wolf (aka Amazon) is Home Depot Inc. (NYSE: HD). None of the consumer package delivery companies will deliver eight-foot 2×4s.

Amazon big business buying giant home Home Depot improvement paint store