Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Top Stories

News

Buffett defends stock investments, which fueled record Berkshire profit

BRK.B

NEW YORK (Reuters) - Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. In his widely-read annual letter to Berkshire shareholders, the 89-year-old Buffett also assured that his conglomerate is "100% prepared" for the eventual departures of him and Charlie Munger, his 96-year-old vice chairman. Berkshire also posted record full-year earnings of $81.42 billion, boosted by unrealized gains from its stock investments, though operating profit fell 3% to $23.97 billion. The Omaha, Nebraska-based conglomerate has more than 90 operating units employing 391,539 people, including the BNSF railroad, Geico car insurer, Dairy Queen ice cream and See's candies; several clothing and jewelry companies, and namesake utility and real estate brokerage businesses.

Read Full Details

Topics:
  • Business
  • Financial
News

Reinsurance Market to Witness Massive Growth by Munich Re, Swiss Re, Lloyd’s

MUV2

This intelligence report provides a comprehensive analysis of the “Global Reinsurance Market. The report further predicts the size and valuation of the global market during the forecast period.Some of the key players profiled in the study are Munich Re (Germany), Swiss Re (Switzerland), Hannover Re (Germany), SCOR SE (France), Lloyd’s (United Kingdom), Berkshire Hathaway (United States), Great-West Lifeco (Canada), Reinsurance Group of America (United States), China RE (China), Korean Re (South Korea), PartnerRe (United Kingdom), GIC Re (India), Mapfre (Spain), Alleghany Corporation (United States), Everest Re (Bermuda) and XL Catlin (United States). Reinsurance is the practice where insurers transfer a portion of risk portfolios to the third party by some form of agreement and reduce the likelihood of paying a large obligation resulting from an insurance claim. It allows the insurance company to remain solvent if any claims crop up such as tragedies like wildfires and storms.According to Market Analyst at AMA, the Global Reinsurance market may see a growth rate of 1.8% and would reach the market size of USD285700.0 Million by 2025.

Read Full Details

Story Sources

nysenasdaqlive.com
Topics:
  • Business
  • Health
  • Financial
News

Cetera Investment Advisers Sells 128 Shares of American Electric Power Company Inc (NYSE:AEP) – Enterprise Echo

AEP

Fusion Family Wealth LLC bought a new stake in shares of American Electric Power during the fourth quarter valued at approximately $34,000. Asset Dedication LLC increased its holdings in shares of American Electric Power by 554.1% during the fourth quarter. Asset Dedication LLC now owns 399 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 338 shares in the last quarter. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, analysts forecast that American Electric Power Company Inc will post 4.39 earnings per share for the current fiscal year. Scotiabank upgraded American Electric Power from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $93.00 to $102.00 in a report on Friday, December 20th. American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

Tivity Health (NASDAQ:TVTY) Stock Rating Lowered by Jefferies Financial Group – Enterprise Echo

JEF KO

Tivity Health (NASDAQ:TVTY) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat Ratings reports. Jefferies Financial Group also issued estimates for Tivity Health’s Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.71 EPS, FY2020 earnings at $2.21 EPS and FY2021 earnings at $2.71 EPS. Credit Suisse Group initiated coverage on shares of Tivity Health in a report on Friday, January 3rd. Bridge City Capital LLC now owns 72,671 shares of the company’s stock valued at $1,209,000 after purchasing an additional 15,709 shares in the last quarter.

Read Full Details

Topics:
  • Business
  • Financial
News

Q3 2020 EPS Estimates for Advance Auto Parts, Inc. Increased by Analyst (NYSE:AAP) – Enterprise Echo

AAP

Jefferies Financial Group analyst B. Jordan now anticipates that the company will post earnings of $2.39 per share for the quarter, up from their previous forecast of $2.32. Jefferies Financial Group also issued estimates for Advance Auto Parts’ Q4 2020 earnings at $1.78 EPS, FY2020 earnings at $8.91 EPS, Q1 2021 earnings at $2.93 EPS, Q2 2021 earnings at $2.49 EPS, Q3 2021 earnings at $2.57 EPS, Q4 2021 earnings at $1.91 EPS and FY2021 earnings at $9.90 EPS. Advance Auto Parts had a net margin of 5.01% and a return on equity of 16.40%. Citizens Financial Group Inc RI now owns 307 shares of the company’s stock worth $51,000 after purchasing an additional 86 shares during the period.

Read Full Details

Topics:
  • Business
  • Financial
News

Q2 2020 EPS Estimates for Healthcare Realty Trust Inc Cut by Capital One Financial (NYSE:HR) – Enterprise Echo

COF

Healthcare Realty Trust had a return on equity of 2.15% and a net margin of 8.33%. Stifel Nicolaus upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $35.00 in a research note on Tuesday, November 26th. Geode Capital Management LLC now owns 2,362,262 shares of the real estate investment trust’s stock valued at $78,828,000 after acquiring an additional 232,218 shares during the period. Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

FIL Ltd Acquires 69,547 Shares of Acuity Brands, Inc. (NYSE:AYI) – Enterprise Echo

AYI

FIL Ltd lifted its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.28 and a beta of 1.64. The electronics maker reported $2.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.08). Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating and set a $140.00 target price on the stock in a report on Friday, November 29th.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

L Brands' downfall reflects death of American mall

LB ANF

In its heyday in the 1980s and 1990s, the company owned The Limited, Limited Too, Abercrombie & Fitch, Victoria's Secret, and Express, among others. However, after a series of missteps, the beleaguered company has since sold off nearly all of its brands, including Victoria's Secret on Thursday, leaving just Bath & Body Works as a standalone company. These additions helped L Brands widen its empire into new areas like sporting goods and luxury, at the now-defunct stores Galyan's Trading Company and Henri Bendel, respectively. However, Wexner's propensity to buy up brands, squeeze them for sales, and then sell them at any sign of strife eventually caught up with him. Seeking support, in 2007 L Brands sold a majority stake of the company to Sun Capital Partners, a private-equity firm that works with distressed companies. While this kept the store afloat for several more years, in 2017 The Limited announced it would close all 250 stores nationwide. The first Express store opened in 1980 in Chicago's popular Water Tower Place, and within just two years it became a separate division of L Brands. However, despite two decades of solid performance, by the early aughts the brand started to fall out of favor with consumers.

Read Full Details

Story Sources

businessinsider.com
Topics:
  • Business
  • Financial
News

SunTrust Banks Increases Analog Devices (NASDAQ:ADI) Price Target to $148.00 – Enterprise Echo

ADI STI

SunTrust Banks also issued estimates for Analog Devices’ Q2 2020 earnings at $1.10 EPS, Q3 2020 earnings at $1.26 EPS, Q2 2021 earnings at $1.43 EPS, Q3 2021 earnings at $1.48 EPS, Q4 2021 earnings at $1.53 EPS, FY2021 earnings at $5.81 EPS and Q1 2022 earnings at $1.50 EPS. Citigroup raised shares of Analog Devices from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $144.00 in a research report on Thursday. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, equities analysts forecast that Analog Devices will post 4.76 earnings per share for the current year. Following the completion of the transaction, the chief executive officer now owns 31,206 shares of the company’s stock, valued at $3,434,220.30.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

5,000 security forces deployed for US President's visit in Agra: Police - India News

INF DTRUMP

"The US President will be travelling in a golf cart to Taj Mahal. Police snipers will be placed along the route to provide more security to the visiting dignitary," Botre Rohan Pramod told ANI. He also informed that 10 companies of Paramilitary forces, Provincial Armed Constabulary and civil defence will be deployed in the city. "While CCTV cameras are already in place, talks are on about the anti-drone system," he added. As per government sources, US President Donald Trump will be welcomed by Uttar Pradesh Chief Minister Yogi Adityanath in Agra on February 24. Trump, accompanied by wife Melania, daughter Ivanka and her husband Jared Kushner along with the US delegation will visit Agra on February 24.

Read Full Details

Story Sources

indiatoday.in
Topics:
  • Business
  • Politics
  • Science
  • World
News

Biofuels Market 2020 Explored by Key Players Archer Daniels Midland Company, BlueFire Ethanol Fuels, Inc., Bunge Limited

ADM

Biofuels Market 2020 Explored by Key Players Archer Daniels Midland Company, BlueFire Ethanol Fuels, Inc., Bunge Limited. The global Biofuels market is thoroughly analyzed in the research study alongside its scope, potential development prospects, attractiveness, profitability, maturity. The global Biofuels market report provides a sweeping delineation of market rivalry, environment, segments, and prominent players, that drive clients gain a deep comprehension of ongoing market structure and probable variations in the market. The report also proves specifically helpful for market players, company officials, researchers, investors, and industry experts as it contains in-depth elaboration of influential factors in the market that could potentially lead to disturbing/boosting growth momentum of the global Biofuels market.

Read Full Details

Story Sources

nysenasdaqlive.com
Topics:
  • Business
  • Financial
News

Citizens Financial Group Inc RI Purchases 853 Shares of D. R. Horton Inc (NYSE:DHI) – Enterprise Echo

CFG

Citizens Financial Group Inc RI lifted its position in D. R. Horton Inc (NYSE:DHI) by 218.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. In other D. R. Horton news, Director Barbara K. Allen sold 470 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. Following the transaction, the chief financial officer now owns 199,718 shares of the company’s stock, valued at approximately $10,992,478.72. Finally, Bank of America reiterated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of D. R. Horton in a research report on Tuesday, January 28th.

Read Full Details

Topics:
  • Business
  • Financial
News

Google Plots Course to Overtake Cloud Rivals

GOOG GOOGL

The job cuts that Google disclosed last week to The Wall Street Journal were part of a restructuring... Google’s decision to cut jobs at its cloud-computing division is the latest move in a yearlong effort by Thomas Kurian to shake up the unit and put greater focus on delivering growth to parent Alphabet Inc. Mr. Kurian, after joining from Oracle Corp. in November 2018, imposed hard project deadlines, riling some workers used to looser execution targets, according to former Google employees, some of whom left because of the move. Among the objectives Google has set since Mr. Kurian joined are to become one of the top two cloud-computing providers and exceed $25 billion in sales within a few years, according to former employees. Over the past year, the changes at Google Cloud have been noticeable to partners and customers, said Christian Rast, global head of technology at KPMG International, which teamed up with Google Cloud in mid-2018 before Mr. Kurian joined. Ms. Greene left Google in January 2019, replaced by Mr. Kurian. Since joining from Oracle, where he spent two decades in areas including product development, Mr. Kurian has said his priority is making the cloud business more responsive to corporate customers, which are the biggest cloud spenders.

Read Full Details

Story Sources

wsj.com
Topics:
  • Business
  • Financial
  • Science
News

Bank of England chief cashier signals support for official cryptocurrency

GBPCAD GBPJPY +5 more GBPCAD GBPJPY EURGBP GBPUSD GBPZAR GBPTRY GBPCHF

The Bank of England’s chief cashier has signalled support for an official cryptocurrency, arguing it is “crucial” to central banks to consider stepping in before tech giants dominate. Sarah John, who is responsible for issuing banknotes at the Bank, said it “absolutely is really important central banks think about that as an option” as the private sector steals a march on regulators. Last month six central banks, including the Bank of England, formed a group to assess the case for launching their own digital currencies amid mounting financial stability worries. Outgoing Bank of England Governor Mark Carney has suggested that the dollar’s dominance as the world’s reserve currency could be challenged by a global digital alternative.

Read Full Details

Story Sources

telegraph.co.uk
Topics:
  • Business
  • Financial
  • Science
News

Could Air Products and Chemicals, Inc. (NYSE:APD) Have The Makings Of Another Dividend Aristocrat?

APD

Is Air Products and Chemicals, Inc. (NYSE:APD) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on your dividends, it’s important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you’ll find our analysis useful. While Air Products and Chemicals’s 2.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. Some simple analysis can reduce the risk of holding Air Products and Chemicals for its dividend, and we’ll focus on the most important aspects below. Were it to repeatedly pay dividends that were not well covered by cash flow, this could be a risk to Air Products and Chemicals’s ability to maintain its dividend.

Read Full Details

Story Sources

simplywall.st
Topics:
  • Business
  • Financial
News

Why Zscaler Needs More Cloud Cybersecurity

ZSC

Zscaler is taking advantage of the secular shift to cloud computing. The adoption of software as a service, or SaaS, such as Microsoft's Office 365 represents a strong tailwind for ZIA, and the need to work in a secure way from untrusted networks boosts ZPA usage. In addition, management raised its outlook, now expecting full-year revenue to land in the range of $414 million to $417 million, compared to the previous range of $405 million to $413 million. However, the company is scaling up its sales teams to reach the symbolic threshold of $1 billion in revenue, which is pressuring its margins. Because of higher sales and marketing expenses that represented 60.8% of revenue during the last quarter (compared with 52.2% the year before), losses under generally accepted accounting principles (GAAP) increased to $29.2 million compared to $5.6 million a year ago. The first one, B2B, will provide enterprises with the possibility to grant private and secure access to some applications to partners and employees from anywhere, without exposing those applications to the Internet. And the second one, Zscaler Digital Experience (ZDX), will help technical support teams identify users' performance issues. However, execution remains key for these new products to translate into profitable growth over the next several years.

Read Full Details

Story Sources

nasdaq.com
Topics:
  • Business
  • Financial
News

Incontinence Devices Market Witnessing Dominance of Boston Scientific Corporation, C. R. Bard, Inc., Coloplast Group, Promedon Group

BCR

The global Incontinence Devices market is thoroughly analyzed in the research study alongside its scope, potential development prospects, attractiveness, profitability, maturity. The report also proves specifically helpful for market players, company officials, researchers, investors, and industry experts as it contains in-depth elaboration of influential factors in the market that could potentially lead to disturbing/boosting growth momentum of the global Incontinence Devices market. With all these advancements growth rates and sales revenue of the global Incontinence Devices market is likely to leap a sound height in the near future. The report also helps to obtain all-inclusive acumen of forthcoming occurrences in the global Incontinence Devices market by offering a validated analysis of upcoming opportunities, threats, obstacles, and restraints.

Read Full Details

Story Sources

nysenasdaqlive.com
Topics:
  • Business
  • Financial
News

Charles Schwab Investment Management Inc. Has $74.95 Million Stock Holdings in Lululemon Athletica inc. (NASDAQ:LULU) – Enterprise Echo

LULU

Finally, Sowell Financial Services LLC lifted its holdings in Lululemon Athletica by 2,018.3% during the 4th quarter. Sowell Financial Services LLC now owns 1,271 shares of the apparel retailer’s stock worth $294,000 after buying an additional 1,211 shares in the last quarter. Finally, Wells Fargo & Co upped their target price on shares of Lululemon Athletica from $230.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. In other Lululemon Athletica news, Director David M. Mussafer sold 4,673 shares of the stock in a transaction dated Thursday, December 12th.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

Centamin (OTCMKTS:CELTF) Now Covered by BMO Capital Markets – Enterprise Echo

CEY

Investment analysts at BMO Capital Markets began coverage on shares of Centamin (OTCMKTS:CELTF) in a report released on Thursday, The Fly reports. Finally, Zacks Investment Research raised shares of Centamin from a “sell” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Tuesday, February 4th. Centamin has an average rating of “Hold” and an average price target of $54.00. The company’s 50 day moving average is $1.70 and its two-hundred day moving average is $1.59.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial
News

Jennison Associates LLC Sells 255,627 Shares of Church & Dwight Co., Inc. (NYSE:CHD) – Enterprise Echo

CHD

Jennison Associates LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD) by 36.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. In other news, VP Judy A. Zagorski sold 31,094 shares of the business’s stock in a transaction on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered shares of Church & Dwight from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $74.00 to $65.00 in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock.

Read Full Details

Story Sources

enterpriseecho.com
Topics:
  • Business
  • Financial