News 

S&P 500 companies return $1 trillion to shareholders in tax-cut surge

“S&P 500 companies have also plowed some of the windfall from lower taxes into investments toward growth or becoming more efficient” writes Midwest Communications Inc for 95kqds.com. Earnings per share of S&P 500 companies surged 26 percent in the March quarter, boosted by the Tax Cuts and Jobs Act passed by Republican lawmakers in December.In the 12 months through March, S&P 500 companies paid out $428 billion in dividends and bought up $573 billion of their own shares, according to S&P Dow Jones Indices analyst Howard Silverblatt.SAN FRANCISCO (Reuters) –…

Read More
News Stocks 

Traders bet GE could be gearing up for a massive rally

“And options traders are betting the stock could be gearing up for a bigger rally” writes unknown author for cnbc.com. General Electric shares have been in free fall, but options traders are betting on a resurgence ahead.This trade implies a more than 30 percent rally for shares of GE from their current levels.FactSet analysts currently have General Electric at a hold rating with an average price target of $16.42.On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling…

Read More
News 

Herbalife shares plunge after Carl Icahn said he is lowering his stake in the company

“Yesterday IEP tendered its Herbalife shares into the Company’s self-tender offer” writes unknown author for cnbc.com. Of the shares we tendered, at most only 11.4 million could possibly be purchased in the tender, which would still leave us as the Company’s largest shareholder with at least 34.3 million shares,” Icahn wrote. Source: cnbc.com Share This:

Read More
News Stocks 

Roku shares jump after short-seller reverses call, says he doesn’t want to bet against cord-cutting

“Roku shares briefly climbed more than 4.5 percent before paring gains to trade around $37 a share” writes Brendan Mcdermid for cnbc.com. After the company went public in late November, the stock soared above $50 and Citron said it tweeted the stock would fall back to $28.The stock is down 28 percent for the year so far. Source: cnbc.com Share This:

Read More
Markets News 

PayPal upgraded by Stifel because of its addition of new financial services

“PayPal shares will rise as it adds new financial services for its customers, according to one Wall Street firm” writes Tae Kim for cnbc.com. Stifel raised its rating to buy from hold for PayPal shares, citing the company’s large new growth opportunities. “PayPal is a leading global online payments platform that is evolving into a robust financial services ecosystem with an expanding value proposition for both merchants and consumers,” analyst Scott Devitt said in a note to clients Thursday. Source: cnbc.com Share This:

Read More
News 

Foot Locker shares are jumping 15% after a blowout earnings report

“Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations” writes unknown author for cnbc.com. Fears that e-commerce giant Amazon may seek to expand into apparel have made it a tough year for Foot Locker shares, now down more than 22 percent over the past 12 months.The stock rallied more than 15 percent in premarket trading after the New York-based company reported adjusted earnings per share at $1.45 for the first quarter, above consensus estimates of $1.25 from FactSet. Source: cnbc.com Share…

Read More
News 

Samsonite slides for a 2nd day after a short-seller attack, but some analysts are unfazed

“Prior to the Blue Orca report, the average recommendation from 14 analysts on the shares was a “buy,” Thomson Reuters data showed” writes Adam Jeffery for cnbc.com. Blue Orca was launched this month by Soren Aandahl, a Texas-based short-seller who previously co-founded Glaucus Research, which has attacked several firms in the Asia-Pacific region.Some analysts also say that while the report could hurt its share price for some time, Blue Orca was underestimating positive earnings upside for the company. Source: cnbc.com Share This:

Read More
News Stocks 

A specialty retailer up 118% in one year could have more room to run after earnings

“Athleisure manufacturer Lululemon reports quarterly earnings next Thursday, and the options market is implying a relatively tame move on earnings after a mammoth run in recent months” writes Hannelore Foerster for cnbc.com. Bottom line: Shares of Lululemon are expected to see a move of around 8 percent following its earnings report next week, according to Gilbert.Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” Lululemon is expecting a relatively small move on earnings this quarter. Source: cnbc.com Share This:

Read More
News 

Brazilian electronics company Multilaser files for IPO

“SAO PAULO (Reuters) – Brazilian electronics company Multilaser Industrial SA on Thursday filed for regulatory clearance to launch an initial public offering, according to a securities filing” writes Midwest Communications Inc for 95kqds.com. The company and its owners will sell an undisclosed amount of shares, joining online lender Agibank and Bunge’s Brazilian sugar unit efforts to price their offerings by July. Source: 95kqds.com Share This:

Read More