News 

These tech companies are staying flush despite concerns that Corporate America’s cash pile is set to dwindle this year

“Even as cash stockpiles among U.S. corporations have dwindled steadily since 2017, more of these reserves are being concentrated in the hands of a select few tech firms, according to a new report” writes Sunny Oh for marketwatch.com. Those companies were expected to see only a 1% decline in their cash holdings in 2019, while all seven firms also were pegged to reduce their debt levels.Yet only seven technology firms were expected to carry 41% of the total cash in all nonfinancial U.S. companies this year, versus 17% at the…

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Crypto News 

Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

“Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings” writes Adrian Zmudzinski for cointelegraph.com. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho.CMS Holdings is based out of the Cayman Islands and does not manage the money of outside investors.Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade —…

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News 

Analysts Forecast 10% Gains Ahead For The Holdings of VB

“For the Vanguard Small-Cap ETF (Symbol: VB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $176.35 per unit” writes Bnk Invest for nasdaq.com. Although RUBY has traded at a recent price of $10.95/share, the average analyst target is 117.65% higher at $23.83/share.With VB trading at a recent price near $160.00 per unit, that means that analysts see 10.22% upside for this ETF looking through to the average analyst targets of the underlying holdings.A high price target relative to a stock’s trading…

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News 

Insiders Buy the Holdings of BJK ETF

“Eldorado Resorts Inc (Symbol: ERI), which makes up 1.18% of the Gaming ETF (BJK), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data” writes Bnk Invest for nasdaq.com. The table below details the recent insider buying activity observed at ERI: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Source: nasdaq.com

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Markets News 

Xerox gets $2.3 billion from closing of deals with Fujifilm

“XRX, -0.93% said Friday it closed its previously announced deals with Japan-based Fujifilm Holdings Corp. 4901, +0.35% FUJIY, +0.27%, which will net Xerox about $2.3 billion” writes Reporter Editor for marketwatch.com. HP’s market capitalization as of Thursday’s close was $28.7 billion while Xerox’s market cap was $8.2 billion. Xerox’s stock, which was unchanged in premarket trading, has run up 89% year to date, while the S&P 500 SPX, +0.27% has gained 23%.The deals that closed Friday with Fujifilm include the sale of Xerox’s 25% stake in Fuji Xerox, modified sourcing…

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News 

Booking Holdings Q3 Earnings Beat Estimates

“Booking Holdings (BKNG) came out with quarterly earnings of $45.36 per share, beating the Zacks Consensus Estimate of $44.87 per share” writes Zacks Equity Research for nasdaq.com. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Ahead of this earnings release, the estimate revisions trend for Booking Holdings was mixed.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Source: nasdaq.com

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News Stocks 

Booking Holdings stock bounces back after earnings

“After adjusting for debt and equity costs and other effects, Booking reported earnings of $45.36 a share, up from $37.78 a share a year ago” writes Jeremy C for marketwatch.com. Booking stock sank 8.1% to $1,849.93 in the regular session Thursday after disappointing results on Wednesday from rivals Expedia Inc. TRIP, -22.41% In the extended session following the release of the results, shares rose more than 4%.Analysts on average expected adjusted earnings of $44.50 a share on sales of $5.08 billion.BKNG, -8.06% shares bounced back from a tough day of…

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News 

Adventurous investors can take a rocket ride with this new space ETF

“One goal of the S-Network Space Index index was for it to be tracked by an ETF, so stock-trading liquidity was a very important consideration” writes Investing Columnist for marketwatch.com. Space Investment Services developed the S-Network Space Index, which is licensed by UFO. (UFO invests at least 80% of its portfolio in components of the index.) Space has been recapturing the public’s imagination. Source: marketwatch.com

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Markets News Stocks 

Foreign holdings of China equities at record

“The Stock Connect is a scheme to allow foreign investors convenient access to the A-share market” writes Midwest Communications Inc for 95kqds.com. China is stepping up opening of its heavily policed, giant capital markets, having recently scrapped investment quotas under the Qualified Foreign Institutional Investor (QFII) scheme.Robust foreign inflows into the stock market of the world’s second largest economy come as major international index providers, including MSCI, FTSE Russell and S&P, have begun or are stepping up inclusion of China A-shares and bonds on global indexes.Graphic: Foreign investors hiked their…

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