Nothing to See Here Folks, RBC Says on Stricter Canadian Mortgages

Strict new mortgage rules that have helped send Canadian home sales to a five-year low are little more than a flesh wound, according to Royal Bank of Canada.

“We had never really believed that this would be a significant impact on our mortgage business," Neil McLaughlin, head of Canadian banking at the country’s second-biggest bank said Thursday on an earnings call. “We’re....More>>>

Buy Indraprastha Gas; target of Rs 384: Motilal Oswal

Motilal Oswal’s research report on Indraprastha Gas

IGL reported EBITDA of INR2.8b (+20% YoY, +11% QoQ), in line with our estimate. During the quarter, the company reversed a provision of INR160m on account of negotiation with OMCs for trade margin payable to them for sale of CNG for the earlier period. Adjusting for that, EBITDA/scm increased to INR5.7 (v/s our estimate of INR5.6;....More>>>

Samsonite shares slump to 9-month low after being hit by a short-seller attack

Shares in Samsonite fell to a 9-month low on Thursday after a short seller issued a report saying the world’s largest luggage maker had questionable accounting practices and poor corporate governance.

Blue Orca Capital said the owner of the Tumi brand had concealed slowing growth through debt-fuelled acquisitions and had used accounting methods to massage earnings and inflate profit....More>>>

We now have better Internet privacy. Thanks,…

FOSTER CITY, Calif. A far-reaching regulatory effort designed to give consumers more control of how tech companies collect and share their personal information goes into effect in Europe on Friday. And U.S. consumers should benefit.

The General Data Protection Regulation, or GDPR as it is more commonly known, will force companies to make more specific disclosures about how data is collected....More>>>

Neuberger Berman Group LLC Has $33.64 Million Stake in WABCO Holdings, Inc. (WBC)

Neuberger Berman Group LLC trimmed its holdings in shares of WABCO Holdings, Inc. (NYSE:WBC) by 15.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 251,267 shares of the auto parts company’s stock after selling 45,264 shares during the quarter. Neuberger Berman Group LLC’s holdings in WABCO were worth $33,637,000 as....More>>>

Ray Dalio recommended gold when Trump was playing chicken with North Korea

President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea’s leader sent the price of gold higher as global investors sought safety.

Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea.

The investor recommended gold as the best hedge to protect....More>>>

Johnson Controls Power Unit Draws Interest from KKR, Apollo

Johnson Controls International Plc is drawing interest from private equity firms KKR & Co. and Apollo Global Management LLC for its power solutions business that could value the unit at as much as $12 billion, people familiar with the matter said.

The firms were part of a select group of financial sponsors, which also included CVC Capital Partners and Advent International, that were invited....More>>>

Andeavor (ANDV) Price Target Raised to $182.00 at Morgan Stanley

Andeavor (NYSE:ANDV) had its price target hoisted by Morgan Stanley from $145.00 to $182.00 in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the oil and gas company’s stock. Morgan Stanley’s price target indicates a potential upside of 26.39% from the company’s current price.

Other analysts also recently issued reports....More>>>

Important Trend Changes Are Happening In This Market

All major indices continue to move mostly higher in unison, after breaking through their respective 50-day averages. Short-term technicals look mostly bullish for the overall market going into the second quarter and the always-difficult summer season.

—Sponsored Link— New FCC Approval: Say Goodbye To Power Cords
The FCC recently green lighted a stunning breakthrough device....More>>>

2 Great High-Dividend Stocks for Senior Citizens

No matter how old you are, stocks are an important part of a properly allocated investment portfolio. The difference as you get older is that your stock allocation should gradually decline, and the type of stocks that belong in your portfolio change.

Specifically, instead of long-term growth, senior investors’ priorities shift toward capital preservation and reliable income. Here are....More>>>