Shares of Macquarie Infrastructure Corporation (MIC) have plunged after the company announced a 31% reduction in its dividend payout. Following the news, both SunTrust and JPMorgan cut their recommendations on the stock to neutral-equivalent ratings. RESULTS, DIVIDEND CUT: Last night,
February 22, 2018
CNBC’s Josh Lipton reports on the quarterly earnings for Hewlett Packard.
Starting to see evidence that the February bounce in markets is fading. The Dow Jones Industrial Average finished with a ‘bull trap’ as it ducked below breakout support despite finishing above yesterday’s close. Volume dropped as relative performance against tech
Fourth quarter 2017 reported net sales of $1.1 billion increased 5% and 3% on an as reported and constant currency basis, respectively, compared to fourth quarter 2016. Fourth quarter 2017 reported EPS of ($0.87) per diluted share compared to $1.16
Today was an option expiration for precious metals on the Comex. Both gold and silver were able to hold their ground. Let’s see how they go into the weekend. The US Dollar (DX) lost all the ground it gained yesterday.
“Davidson” submits: US Production holding 10.27 mil BBL/Day. Inv dropped 1.6mil BBL with crude exports just over 2mil BBL/Day and Refined Pet Prods 4.7mil BBL/Day. So nothing overly different than recent trends. US$ dropped a little, but also has not
The Chart of the Day belongs to Natural Alternatives International (NAII). I found the health supplement stock by using Barchart to sort today’s New 52 Week High list first by the most frequent number of new highs in the last month, then again by technical buy
Our outlook for real interest rates is 30-40 bp higher across fixed income sectors relative to the end of 2017. But the key change to the fixed-income markets is not the level of rates, but the fact that the yield
Wal-Mart Margins Shrink Wal-Mart stock fell 2.75% on Wednesday as the stock is in complete free fall. It’s down 16.46% since January 29th. I don’t think the selloff in Wal-Mart signifies overall weakness from the consumer because the same store
Hedge fund guys aren’t well-liked, which I find interesting. Most people don’t even know what a hedge fund is. And if they knew, they probably wouldn’t care. Who cares about running money for Richie Rich? Obviously, it’s not that simplistic—hedge
