Saturday, July 7, 2018

Stocks making the biggest moves premarket: NOC, LMT, SATS, F, TSLA, BIIB, BA & more

Check out the companies making headlines before the bell:

Northrop Grumman �� Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades ago.

Echostar �� Echostar is now seeking talks with Immarsat after its $3.2 billion bid to buy the British satellite firm was rebuffed. Immarsat said the offer significantly undervalues the company, as it had when it rejected a prior offer from its U.S. rival last month.

Ford Motor �� Ford reported a 38 percent drop in China vehicle sales in June, capping a first half sales slump. For the first six months of the year, sales were down 25 percent, the biggest decline since Ford started China operations in 2001.

Tesla �� The automaker��s Fremont, California factory is the subject of another probe by California regulators, following a safety-related complaint. California��s Occupational Safety and Health Administration acknowledged opening the case on June 21, but has not given specific details on the investigation.

Biogen �� Biogen said a new Alzheimer��s drug succeeded in a mid-stage trial for patients receiving the highest dose. Biogen is developing the drug in partnership with Japan��s Eisai Co., whose shares surged in Tokyo trading.

Boeing �� Boeing could get a boost after European rival Airbus raised its 20-year forecast for aircraft demand by more than seven percent.

Wynn Resorts �� Wynn Resorts announced the departure of long time general counsel Kim Sinatra, effective July 15. The hotel and casino operator said it had not yet finalized the terms of Sinatra��s transition and departure.

Deutsche Bank �� A German magazine reports that JPMorgan Chase and Industrial and Commercial Bank of China may both be interested in taking a stake in Deutsche Bank. JPMorgan subsequently denied that it was interested, and the German government denied it had privately expressed concerns about the bank.

Kraft Heinz, Conagra �� Shares of the two food makers could be impacted after a Financial Times report that American ketchup could be next on a list of EU trade targets. Kraft Heinz makes the popular Heinz ketchup brand, while Conagra is the maker of Hunt��s.

PriceSmart �� PriceSmart reported quarterly earnings of 61 cents per share, 2 cents below forecasts, though the retailer��s revenue did exceed forecasts. The warehouse retailer��s costs following several recent acquisitions.

Square �� Square withdrew its application with the FDIC to open a depository bank, which would allow it to collect government-insured deposits. The mobile payments company plans to refile after it strengthens its application.

Friday, July 6, 2018

Buy Can Fin Homes; target of Rs 432: CD Equisearch


CD Equisearch's research report on Can Fin Homes


According to report by ICRA, a credit rating firm, HFCs are expected to witness strong growth in current fiscal, thanks to GOI��s thrust on affordable housing, recovery in the real estate market and stabilization of business post GST. It foresees overall market growth of 17-19% in FY19 (up by 16% in FY18). It expects overall gross NPAs for HFCs to remain in the range of 1.2-1.5% (1.1% in FY18 and 0.8% in FY17). As per its estimates, adequate internal capital generation and comfortable access to capital would support gearing levels for HFCs to remain at ~8.5-9 times over the medium term. The incremental capital requirement is expected to be Rs 7,700-12,000 crore for the next three years.

Outlook
With aim to keep its niche in affordable low-ticket size housing loans intact, we estimate a healthy growth in Can Fin��s loan book, which should increase its net profits at a CAGR of 19.3% over the next two years. Yet, increased competition from banks with their lower retail lending rates might impact its business. Failure to lend more to non-salaried segment (currently 26.7% of the loan portfolio) might slow down its NII growth. In view of our past valuation, we recommend buying the stock with target price of Rs 432 (previous target Rs 644) based on 2.5x FY20e BV for a period of 9-12 months.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Read More First Published on Jul 5, 2018 04:37 pm

Wednesday, July 4, 2018

iShares Barclays 7-10 Year Trasry Bnd Fd to Issue Monthly Dividend of $0.19 (IEF)

iShares Barclays 7-10 Year Trasry Bnd Fd (NASDAQ:IEF) declared a monthly dividend on Monday, July 2nd, Wall Street Journal reports. Investors of record on Tuesday, July 3rd will be paid a dividend of 0.1897 per share by the exchange traded fund on Monday, July 9th. This represents a $2.28 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, July 2nd.

iShares Barclays 7-10 Year Trasry Bnd Fd traded down $0.26, reaching $102.25, during trading on Monday, according to MarketBeat. 3,911,495 shares of the company were exchanged, compared to its average volume of 3,422,748. iShares Barclays 7-10 Year Trasry Bnd Fd has a 52 week low of $100.33 and a 52 week high of $108.81.

About iShares Barclays 7-10 Year Trasry Bnd Fd

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.

Dividend History for iShares Barclays 7-10 Year Trasry Bnd Fd (NASDAQ:IEF)

Monday, July 2, 2018

Target Coin (TGT) Trading Down 5.8% Over Last 7 Days

Target Coin (CURRENCY:TGT) traded down 6.1% against the US dollar during the 24-hour period ending at 7:00 AM ET on June 30th. During the last week, Target Coin has traded down 5.8% against the US dollar. One Target Coin token can currently be purchased for approximately $0.0045 or 0.00000070 BTC on major exchanges including EtherDelta (ForkDelta), CoinExchange and HitBTC. Target Coin has a total market cap of $4.26 million and approximately $346.00 worth of Target Coin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

Get Target Coin alerts: XRP (XRP) traded up 6.8% against the dollar and now trades at $0.47 or 0.00007320 BTC. Ripple (XRP) traded down 4.6% against the dollar and now trades at $0.45 or 0.00007633 BTC. Stellar (XLM) traded up 10.2% against the dollar and now trades at $0.20 or 0.00003057 BTC. IOTA (MIOTA) traded 9.1% higher against the dollar and now trades at $1.00 or 0.00015711 BTC. Tether (USDT) traded 0.2% higher against the dollar and now trades at $1.00 or 0.00015681 BTC. TRON (TRX) traded up 6.5% against the dollar and now trades at $0.0381 or 0.00000597 BTC. NEO (NEO) traded up 10% against the dollar and now trades at $30.93 or 0.00484851 BTC. Binance Coin (BNB) traded 4.8% higher against the dollar and now trades at $14.67 or 0.00229883 BTC. VeChain (VET) traded 6.8% higher against the dollar and now trades at $2.64 or 0.00041335 BTC. Ontology (ONT) traded 8.3% higher against the dollar and now trades at $5.24 or 0.00082163 BTC.

Target Coin Token Profile

Target Coin’s total supply is 2,000,100,000 tokens and its circulating supply is 952,429,892 tokens. The official website for Target Coin is www.tgtcoins.com. Target Coin’s official Twitter account is @TargetCoin.

Buying and Selling Target Coin

Target Coin can be bought or sold on the following cryptocurrency exchanges: EtherDelta (ForkDelta), CoinExchange and HitBTC. It is usually not presently possible to purchase alternative cryptocurrencies such as Target Coin directly using U.S. dollars. Investors seeking to acquire Target Coin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Target Coin using one of the exchanges listed above.

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