Mountain View, CA, based Investment company Grassi Investment Management buys CenturyLink Inc, CyrusOne Inc, Energy Transfer Partners LP, Goldman Sachs Group Inc, Charles Schwab Corp, United States Steel Corp, Micron Technology Inc, Gilead Sciences Inc, Crown Castle International Corp, Salesforce.com Inc, sells General Electric Co, AT&T Inc, Bank of America Corporation, Lockheed Martin Corp,....More>>>
After a strong end to 2017, iRobot (NASDAQ:IRBT) stock is off to an equally strong start in 2018. But that strong start is hitting some turbulence, as IRBT stock is dropping sharply in late January alongside the rest of the market. We do not believe this pullback is anything more than a natural and healthy pullback in a still very attractive growth stock on a strong upward trend. We maintain our....More>>>
September 13, 2017: Markets opened mixed Wednesday and none of the major indexes has strayed far from the break-even line with less than an hour to go until the closing bell. The producer price index rose by 0.2%, a little less than expected. Among the sectors, energy has posted the largest gain following the report on U.S. inventories while real estate and healthcare lagged. WTI crude oil for October....More>>>
After four weeks without a single IPO, the US IPO market is back from its annual August pause. Four deals are on the IPO calendar to raise $690 million in the week ahead, including:
The first energy IPO in over a year, an MLP with a 7.5% annualized yield
A VC-backed tech company (2016’s tech IPO class is up over +100% on average)
A large Bermuda bank and wealth manager with....More>>>
Seattle wanted to help workers when it voted in 2014 to gradually hike its minimum wage to $15 an hour.
But a controversial new study out Monday shows that the wage hike may be hurting workers instead.
Researchers at the University of Washington, who were commissioned by the city, found that when wages went up to $13 in 2016, low-wage workers saw their hours drop by 9%.
Centennial Resource Development (NASDAQ:CDEV) is a pure-play Delaware Basin E&P company run by Mark Papa. Centennial owns 77,504 acres in the southern Delaware Basin, with over 1,800 horizontal drilling locations. Centennial Resource Development is the product of Papa’s Special Purpose Acquisition Corp. acquiring an 89% controlling interest in Centennial Resource Production on July 6,....More>>>
The Manufacturing sector saw plenty of trading activity today, including the following leaders and losers.
Some of the biggest gainers among Manufacturing stocks include:
Amicus Therapeutics (FOLD): FOLD stock is up 10.15% today. Aquinox Pharmaceutic (AQXP): AQXP stock is up 9.93% today. Newlink Genetics Cor (NLNK): NLNK stock is up 9.79% today. Achillion Pharmaceut (ACHN): ACHN....More>>>
U.S. stocks closed fractionally lower on Thursday as investors remained reluctant to make big bets in a thinly-traded session ahead of long holiday weekend.
Thursdays moves follow the biggest one-day percentage drop for the S&P 500 since Oct 11.
The S&P 500 ....More>>>
Seemingly nothing can stop the marijuana industry, or marijuana stocks, at the moment.
Over the past couple of years, we’ve witnessed a number of major milestones for the cannabis industry. For example, in 2012, Colorado and Washington became the first states where a majority of voters legalized the sale of recreational marijuana to adults ages 21 and up. Since then, an additional six....More>>>
Is it time to buy the best energy companies? Maybe yes, maybe not. I imagine the price of oil will back and fill for a few more months. You never know. But two things we do know:
(1) America will still need more oil and gas than it did last year, which was more than the year before, and that consumption was still higher than the preceding year, and
(2) The Permian Basin of west Texas....More>>>