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Economy

The photo, which was posted to Twitter Tuesday, showed 24-packs of bottled water selling for $42.96 and led to accusations the store was price gouging in the wake of extensive flooding and destruction wrought by the storm, CNBC reports . "These are things you can't do in Texas", Paxton said. Anyone who does so can be hit with a $20,000 fine per occurrence, or up to $250,000 if the victim is someone age 65 or older.
  • API Reports 5.8 Million Barrel Inventory Draw, WTI Oil Price Little Changed

    API Reports 5.8 Million Barrel Inventory Draw, WTI Oil Price Little Changed

    Economy

    Crude oil made a negative start to the week as flooding caused by the storm forced refiners in the Gulf of Mexico region to shutdown, sparking concerns over an excess in crude oil supplies, the primary input at refiners. Texas is home to 30 of those with a capacity of 5.7 million bpd. "Rising US production, domestic refinery blending constraints, and the end of (the) driving season combined to depress WTI", ING bank said.
  • Global stocks tumble as North Korea tensions escalate

    Economy

    South Korea's Kospi, meanwhile, shed as much as 1.6 percent, helping to drag down MSCI's broadest index of Asia-Pacific shares outside Japan by 0.5 per cent. The safe-haven Swiss franc also advanced 0.5 percent to 0.9510 franc on the dollar CHF= , its highest level in about a month and rose 0.6 percent to 1.1385 per euro EURCHF= .
  • Brookfield Renewable Partners L (NYSE:BEP) Trading Volume Significantly Higher

    Economy

    Brookfield Property Partners L.P. declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 16th that authorizes the company to repurchase 20,470,000 shares. Lapides Asset Management Llc, which manages about $912.08 million and $556.91M US Long portfolio, upped its stake in Tegna Inc by 39,300 shares to 334,900 shares, valued at $7.16M in 2016Q4, according to the filing.
  • Investors watching summary on Hibbett Sports, Inc. (HIBB)

    Economy

    K12 Inc. (NYSE:LRN) has risen 71.24% since August 26, 2016 and is uptrending. It has underperformed by 14.13% the S&P500. Analysts on average have given a price target of $14.33 to Hibbett Sports, Inc . The other 3 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The firm has "Buy" rating by Tudor Pickering given on Thursday, September 8.
  • Is Vulcan Materials Company (VMC) Buy Now?

    Economy

    It's up 0.56, from 1 in 2016Q3. This presents short term, intermediate and long term technical levels of Vulcan Materials Company ( VMC ) stock. About 473 shares traded. On Wednesday, March 29 the stock rating was initiated by Citigroup with "Buy". The lowest target is $96 while the high is $15400. The stock has "Buy" rating by SunTrust on Wednesday, October 26.
  • Active Stock Momentum: Cypress Semiconductor Corporation (CY)

    Active Stock Momentum: Cypress Semiconductor Corporation (CY)

    Economy

    Moreover, Trexquant Ltd Partnership has 0.04% invested in Cypress Semiconductor Corporation (NASDAQ:CY). It has outperformed by 18.90% the S&P500. The firm has a Return on Assets (ROA) value of -3.40%. Since March 12, 2017, it had 0 insider purchases, and 3 sales for $813,603 activity. Cypress Semiconductor Corporation has $21 highest and $8 lowest target.
  • Berry Global Group, Inc. (NYSE:BERY) Trading Volume Significantly Lower

    Economy

    About 88,184 shares traded. Berry Global Group Inc (NYSE:BERY) has risen 47.68% since August 29, 2016 and is uptrending. It has outperformed by 30.98% the S&P500. Victory Cap Mngmt holds 0.02% or 123,508 shares in its portfolio. Susquehanna Group Inc Limited Liability Partnership, a Pennsylvania-based fund reported 12,277 shares.
  • Day 1: NTPC stake sale subscribed 1.4 times

    Day 1: NTPC stake sale subscribed 1.4 times

    Economy

    According to a notice on BSE, the company will open the "Offer For Sale " (OFS) facility for bids on Tuesday, August 29 for non-retail investors and for retail investors on August 30. The government now owns almost 70% in the country's biggest power producer, which, after this transaction, could come down to about 60%. For 2017-18, the government has set an ambitious disinvestment target of Rs 72,500 crore, 58% higher than the receipt of '46,247 crore in 2016-17.
  • Royal Enfield expands capacity, begins production from third plant

    Royal Enfield expands capacity, begins production from third plant

    Economy

    In FY2016-17, Royal Enfield produced and sold 667,135 motorcycles, nearing its installed capacity. Construction got underway 15 months earlier at the Royal Enfield Vallam Vadagal plant. The oldest motorcycle brand in continuous production, Royal Enfield made its first motorcycle in 1901. With its new manufacturing base in Chennai, India, Royal Enfield is able to grow its production rapidly against a surge in demand for its motorcycles.
  • Popular Stock to Observe: JPMorgan Chase & Co. (JPM)

    Popular Stock to Observe: JPMorgan Chase & Co. (JPM)

    Economy

    About 2.08M shares traded. Welbilt Inc (NYSE:WBT) has risen 24.62% since August 29, 2016 and is uptrending. It has outperformed by 44.23% the S&P500. Israel Discount Bank of New York GFN purchased a fresh position in J P Morgan Chase & Co in Q4 which is worth at about $1,857,000.
  • How Harvey could speed short-term flood insurance fix

    How Harvey could speed short-term flood insurance fix

    Economy

    Wendell, executive director of Texas Watch . "Without this law, and as the law now is until Friday, I think insurance companies would be more responsive to claims", Kir Pittard, a Dallas attorney, wrote on Facebook of the new law. Smith said any delays in paying out claims, he said, will hurt the homeowner or business owner trying to make repairs - and financially help insurance companies.
  • Analyst Scores Summary: The Walt Disney Company (DIS), DaVita Inc. (DVA)

    Economy

    It has underperformed by 7.44% the S&P500. Sandberg Sheryl sold $45.54 million worth of stock or 327,000 shares. The Kcm Investment Advisors Llc holds 176,407 shares with $18.39M value, up from 173,465 last quarter. Alliancebernstein Lp holds 0% or 49,150 shares in its portfolio. Parkside Bank & Trust Trust stated it has 0% in Assurant, Inc. Spears Abacus Advsrs Lc invested in 4,274 shares.
  • The Case for and Against Duke Energy Corporation (DUK)

    The Case for and Against Duke Energy Corporation (DUK)

    Economy

    MA now owns 9,422,063 shares of the utilities provider's stock valued at $772,704,000 after buying an additional 2,345,114 shares in the last quarter. Duke Energy Corporation's payout ratio is presently 105.64%. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation.
  • Maxim Integrated Products, Inc. (MXIM) Director Robert Edward Grady Sells 30849 Shares

    Economy

    The last close places the company's stock about $4.56 off its 52 week high of $49.7 and $7.89 above the 52 week low of $37.25. During the session shares traded on below-average volume. RBC Capital Markets has "Sector Perform" rating and $45 target. The rating was maintained by Cowen & Co on Saturday, August 22 with "Outperform". The stock has "Outperform" rating by RBC Capital Markets on Tuesday, December 1.
  • Revenue Forecast of The Estee Lauder Companies Inc. (EL)

    Economy

    Following the transaction, the insider now owns 83,845 shares in the company, valued at approximately $8,857,385.80. Sphinx Trading Lp decreased Xencor Inc (XNCR) stake by 35.44% reported in 2016Q4 SEC filing. The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. The ex-dividend date will be on Friday May 26th, 2017.
  • Strategic Financial Group LLC Boosts Stake in General Electric Company (GE)

    Strategic Financial Group LLC Boosts Stake in General Electric Company (GE)

    Economy

    It is down 9.31% since August 29, 2016 and is uptrending. It has outperformed by 50.67% the S&P500. Investors might also notice that three month ago the Buy recommendations (15) outnumbered Sell recommendations (0). General Electric Company had 57 analyst reports since July 21, 2015 according to SRatingsIntel. Independent Advisor Alliance bought a new stake in General Electric throughout the Q4 valued about $3,522,000.
  • What Does Institutional Ownership Look Like At Chico's FAS, Inc. (CHS)?

    What Does Institutional Ownership Look Like At Chico's FAS, Inc. (CHS)?

    Economy

    About 2.62M shares traded. (NYSE:CHS). White Pine Investment holds 1.31% or 168,570 shares. It has outperformed by 18.90% the S&P500. Chico's FAS, Inc is an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico's, White House Black Market (WHBM) and Soma brand names.