Wells Fargo & Co (WFC) Shares Sold by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC trimmed its stake in shares of Wells Fargo & Co (NYSE:WFC) by 36.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 63,193 shares of the financial services provider’s stock after selling 36,770 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Wells Fargo & Co were worth $3,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in Wells Fargo & Co by 5.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 50,957,630 shares of the financial services provider’s stock valued at $2,670,689,000 after purchasing an additional 2,497,659 shares during the last quarter. Geode Capital Management LLC lifted its position in Wells Fargo & Co by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 46,311,774 shares of the financial services provider’s stock valued at $2,803,705,000 after purchasing an additional 584,764 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Wells Fargo & Co by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 41,213,847 shares of the financial services provider’s stock valued at $2,160,018,000 after purchasing an additional 722,334 shares during the last quarter. Magellan Asset Management Ltd lifted its position in Wells Fargo & Co by 24.1% during the first quarter. Magellan Asset Management Ltd now owns 31,024,898 shares of the financial services provider’s stock valued at $1,626,015,000 after purchasing an additional 6,017,222 shares during the last quarter. Finally, Boston Partners lifted its position in Wells Fargo & Co by 10.1% during the first quarter. Boston Partners now owns 18,850,437 shares of the financial services provider’s stock valued at $987,951,000 after purchasing an additional 1,732,956 shares during the last quarter. 76.05% of the stock is owned by institutional investors.

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In related news, EVP Petros G. Pelos sold 25,567 shares of Wells Fargo & Co stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $54.76, for a total transaction of $1,400,048.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Several research firms have commented on WFC. Zacks Investment Research upgraded shares of Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Thursday. Morgan Stanley lowered their target price on shares of Wells Fargo & Co from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, July 16th. Keefe, Bruyette & Woods upgraded shares of Wells Fargo & Co from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $57.00 to $63.00 in a report on Sunday, July 15th. They noted that the move was a valuation call. Susquehanna Bancshares set a $63.00 target price on shares of Wells Fargo & Co and gave the stock a “hold” rating in a report on Friday, July 13th. Finally, Macquarie upgraded shares of Wells Fargo & Co from an “underperform” rating to an “outperform” rating in a report on Monday, April 30th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $62.50.

Wells Fargo & Co opened at $56.41 on Friday, MarketBeat Ratings reports. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $66.31. The stock has a market capitalization of $274.76 billion, a PE ratio of 13.38, a PEG ratio of 1.52 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.88 and a quick ratio of 0.86.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Co (NYSE:WFC).

Dollar sees biggest one-day drop in 3 weeks after Trump comments

The U.S. dollar got pummeled on Friday after President Donald Trump accused China and the European Union of currency and interest-rate manipulation that he says has put the U.S. at a disadvantage.

The ICE U.S. Dollar Index DXY, -0.73% traded 0.7% lower to 94.478 after the tweets, marking its worst performance in three weeks.

China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field...

— Donald J. Trump (@realDonaldTrump) July 20, 2018

....The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?

— Donald J. Trump (@realDonaldTrump) July 20, 2018

That was enough to turn the gauge, which measures the greenback against six major rivals, negative for both the week and the month, according to FactSet. On the week, the index is down 0.3%, while it is down 0.2% in July. The broader WSJ Dollar Index BUXX, -0.71% was down 0.7% at 88.24, as most emerging market currencies rallied as the buck weakened.

It was the second time in less than 24 hours that the president��s comments rattled the buck, after Trump suggested he could slap more tariffs on China and said he wasn��t ��thrilled�� with the Fed raising rates in an interview with CNBC on Thursday.

Don��t miss: Why it matters that the spread between China��s onshore and offshore yuan is widening

In the interview, which aired in full earlier Friday morning, the president said he was prepared to put tariffs on all $505 billion in Chinese goods imported to the U.S., once again stepping up his rhetoric in the continuing trade spat.

Check out: Japan��s yen has become the clearest ��expression of the effect of a trade war��

A first excerpt of the interview was published late Thursday, including Trump��s criticism of the Federal Reserve��s monetary tightening. This led the U.S. dollar to drop into negative territory following a buoyant day, as investors read the comments as an attack on the central bank��s independence. Trump was also concerned the Fed would follow through on the projected two additional interest rate hikes this year, according to a CNBC report.

Read: Trump rips Fed rate hikes, but investors expect Powell to stay the course

In the interview, Trump also touched on currencies, saying China��s yuan was ��dropping like a rock.�� The onshore yuan USDCNY, -0.0251% has fallen 4.2% in 2018. Both the currency and the People��s Bank of China that sets its reference rate have been closely watched by investors, some of which worry that the central bank could devalue its currency as a tactic in trade negotiations. The buck last fetched 6.7689 yuan, down 0.1% from Thursday.

The PBOC weakened the yuan by the most in two years on Friday, setting the dollar-yuan reference rate to 6.7671. The central bank sets the onshore yuan daily a range of 2% in either direction.

��Given the pace of the yuan��s weakness, many participants argued that officials have weaponized it,�� wrote Brown Brothers Harriman currency strategists Marc Chandler and Win Thin in a note. ��We find the claims unpersuasive.��

The more freely traded offshore yuan USDCNH, -0.1958% is down 4.1% in the year, and one dollar last bought 6.7753 yuan, little changed.

The Chinese currency��s weakness was following a year of strength, they argued. ��Second, the PBOC is easing policy while it [is] still trying to force some deleveraging.�� Also, the limited value-added yuan costs incurred in production processes would mean that export prices wouldn��t be ��particularly sensitive to movement��s in the yuan��s exchange rate,�� the strategists said.

Finally, ��the foreign exchange market is better characterized by a strong dollar than a weak yuan,�� the BBH analysts said, adding, ��while typically central banks prefer their currency move in the same direction as monetary policy, currency depreciation is a blunt tool and could complicate other Chinese policy goals, including financial stability.��

Trade remains the dominant topic of the day, with the Group of 20 finance ministers meeting in Buenos Aires for a summit that will be focused on trade and the global economy.

Anneken Tappe

Anneken Tappe is a markets reporter for MarketWatch. She is based in New York.

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Top 10 Medical Stocks For 2019

tags:PX,MCBC,LXRP,EWJ,INN,TOP,THG,CLF,EQIX,BNS,

Stephens Inc. AR boosted its holdings in shares of Medtronic (NYSE:MDT) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,490 shares of the medical technology company’s stock after purchasing an additional 9,044 shares during the quarter. Stephens Inc. AR’s holdings in Medtronic were worth $9,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its position in shares of Medtronic by 6.4% in the fourth quarter. BlackRock Inc. now owns 94,595,580 shares of the medical technology company’s stock valued at $7,638,592,000 after acquiring an additional 5,688,180 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Medtronic by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 14,191,675 shares of the medical technology company’s stock valued at $1,143,549,000 after acquiring an additional 351,256 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Medtronic by 5.9% in the first quarter. Wells Fargo & Company MN now owns 13,941,900 shares of the medical technology company’s stock valued at $1,118,419,000 after acquiring an additional 782,123 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Medtronic by 2.0% in the fourth quarter. Sanders Capital LLC now owns 7,526,583 shares of the medical technology company’s stock valued at $667,410,000 after acquiring an additional 144,100 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Medtronic in the third quarter valued at approximately $579,952,000. Institutional investors own 81.86% of the company’s stock.

Top 10 Medical Stocks For 2019: Pound/Rand(PX)

Advisors' Opinion:

• [By Logan Wallace]

  D.A. Davidson & CO. boosted its position in shares of Praxair (NYSE:PX) by 78.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,321 shares of the basic materials company’s stock after acquiring an additional 2,332 shares during the quarter. D.A. Davidson & CO.’s holdings in Praxair were worth $768,000 at the end of the most recent reporting period.

• [By Stephan Byrd]

  Neuberger Berman Group LLC lowered its position in Praxair (NYSE:PX) by 27.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,173 shares of the basic materials company’s stock after selling 92,983 shares during the period. Neuberger Berman Group LLC’s holdings in Praxair were worth $35,712,000 as of its most recent SEC filing.

• [By Shane Hupp]

  PX (CURRENCY:PX) traded down 5.3% against the dollar during the 1-day period ending at 22:00 PM E.T. on June 11th. One PX coin can now be bought for approximately $0.0010 or 0.00000014 BTC on exchanges. Over the last seven days, PX has traded down 30.7% against the dollar. PX has a total market capitalization of $94,640.00 and approximately $2.00 worth of PX was traded on exchanges in the last 24 hours.

• [By Lisa Levin] Companies Reporting Before The Bell General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion. United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion. Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion. ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion. PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion. American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion. Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion. Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion. D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion. The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion. Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion. Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion. Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion. Oshkosh Corporation (NYSE: OSK) is projected to report quarter
• [By Shane Hupp]

  Natixis Advisors L.P. lowered its stake in Praxair, Inc. (NYSE:PX) by 23.2% in the 1st quarter, HoldingsChannel reports. The fund owned 28,377 shares of the basic materials company’s stock after selling 8,583 shares during the quarter. Natixis Advisors L.P.’s holdings in Praxair were worth $4,095,000 at the end of the most recent quarter.

Top 10 Medical Stocks For 2019: Macatawa Bank Corporation(MCBC)

Advisors' Opinion:

• [By Ethan Ryder]

  BidaskClub upgraded shares of Macatawa Bank (NASDAQ:MCBC) from a buy rating to a strong-buy rating in a research note released on Friday morning.

  Separately, Hovde Group set a $11.00 price target on Macatawa Bank and gave the stock a hold rating in a research report on Monday, January 29th.

• [By Max Byerly]

  Chemical Financial (NASDAQ: CHFC) and Macatawa Bank (NASDAQ:MCBC) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability and risk.

Top 10 Medical Stocks For 2019: Lexaria Bioscience (LXRP)

Advisors' Opinion:

• [By ]

  Here is the list of the cannabis companies that we track.

  Name Currency Ticker Canopy Growth Corp. CAD (CGC) Aurora Cannabis Inc. CAD (ACBFF) Aphria Inc. CAD (APHQF) MedReleaf Corp. CAD (OTCPK:MEDFF) Cronos Group CAD (CRON) The Green Organic Dutchman CAD (OTC:TGODF) CannTrust CAD (OTC:CNTTF) Hydropothecary Corp/The CAD (HYYDF) Cannabis Wheaton Income CAD (OTCQB:CBWTF) Emerald Health Therapeutics Inc. CAD (OTCQX:EMHTF) Organigram Holdings Inc. CAD (OTCQB:OGRMF) TerrAscend Corp. CAD (OTC:TRSSF) Supreme Cannabis Co Inc./The CAD (OTCPK:SPRWF) Hiku Brands CAD (OTCPK:DJACF) ABcann Global Corp. CAD (OTCQB:ABCCF) Radient Technologies Inc. CAD (OTC:RDDTF) Village Farms International Inc. CAD (OTCQX:VFFIF) Namaste Technologies CAD (OTCQB:NXTTF) MPX Bioceutical Corp. CAD (OTCQB:MPXEF) Sunniva CAD (OTCQX:SNNVF) MYM Nutraceuticals Inc. CAD (OTCQB:MYMMF) Maricann Group Inc. CAD (OTCQB:MRRCF) Cannabix Technologies Inc. CAD (OTCPK:BLOZF) THC Biomed INTL. Ltd. CAD (OTCQB:THCBF) ICC Labs Inc. CAD (OTC:ICCLF) WeedMD Inc. CAD (OTCPK:WDDMF) CannaRoyalty Corp. CAD (OTCQX:CNNRF) InMed Pharmaceuticals Inc. CAD (OTCQX:IMLFF) Harvest One Cannabis Inc. CAD (OTC:HRVOF) Golden Leaf Holdings Inc. CAD (OTCQB:GLDFF) Benchmark Botanics Inc. CAD (OTCPK:BHHKF) Friday Night Inc. CAD (OTCQB:TGIFF) Valens Groworks Corp. CAD (OTC:MYMSF) Invictus MD CAD (IVITF) Emblem Corp. CAD (OTCPK:EMMBF) Tetra Bio-Pharma Inc. CAD (OTCQB:TBPMF) Maple Leaf Green World Inc. CAD (OTCQB:MGWFF) Delta 9 Cannabis Inc. CAD (OTC:VRNDF) Nutritional High International Inc. CAD (OTCQB:SPLIF) Lifestyle Delivery Systems Inc. CAD (OTCQX:LDSYF) Marapharm Ventures Inc. CAD (OTCQX:MRPHF) Wildflower Marijuana Inc. CAD (OTC:WLDFF) Indiva Ltd. CAD (OTC:RMKXD) Hempco Food And Fiber Inc. CAD (OTC:HMPPF) PUF Ventures Inc. CAD (OTCPK:PUFXF) Liberty Leaf Holdings CAD (OTCQB:LIBFF) Canada House Welln

Top 10 Medical Stocks For 2019: iShares MSCI Japan (EWJ)

Advisors' Opinion:

• [By Zacks]

  iShares MSCI Japan ETF (NYSE: EWJ)

  This fund is suitable for investors looking for broad-based exposure to the Japanese economy. It seeks to invest in large-cap companies.

• [By Logan Wallace]

  Cookson Peirce & Co. Inc. acquired a new stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,090 shares of the exchange traded fund’s stock, valued at approximately $309,000.

Top 10 Medical Stocks For 2019: Summit Hotel Properties, Inc.(INN)

Advisors' Opinion:

• [By Shane Hupp]

  New York State Common Retirement Fund reduced its position in Summit Hotel Properties Inc (NYSE:INN) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,900 shares of the real estate investment trust’s stock after selling 6,700 shares during the period. New York State Common Retirement Fund owned about 0.18% of Summit Hotel Properties worth $2,544,000 as of its most recent SEC filing.

• [By Stephan Byrd]

  Innova (INN) is a proof-of-work (PoW) coin that uses the NeoScrypt hashing algorithm. It was first traded on October 19th, 2017. Innova’s total supply is 4,032,857 coins and its circulating supply is 3,282,857 coins. Innova’s official website is innovacoin.info. Innova’s official Twitter account is @InnovaCoin.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Summit Hotel Properties (INN)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Medical Stocks For 2019: Topdanmark A/S (TOP)

Advisors' Opinion:

• [By Logan Wallace]

  TopCoin (CURRENCY:TOP) traded down 15.4% against the dollar during the 1-day period ending at 7:00 AM E.T. on June 21st. During the last seven days, TopCoin has traded up 4% against the dollar. TopCoin has a market cap of $0.00 and approximately $123.00 worth of TopCoin was traded on exchanges in the last day. One TopCoin coin can currently be bought for about $0.0010 or 0.00000015 BTC on popular exchanges.

Top 10 Medical Stocks For 2019: The Hanover Insurance Group, Inc.(THG)

Advisors' Opinion:

• [By Max Byerly]

  The Hanover Insurance Group (NYSE:THG) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Friday, Marketbeat Ratings reports.

• [By Joseph Griffin]

  Goelzer Investment Management Inc. reduced its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.7% during the 1st quarter, HoldingsChannel reports. The fund owned 40,309 shares of the insurance provider’s stock after selling 1,563 shares during the period. Goelzer Investment Management Inc.’s holdings in The Hanover Insurance Group were worth $4,752,000 at the end of the most recent reporting period.

• [By Logan Wallace]

  Teacher Retirement System of Texas cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 36.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,373 shares of the insurance provider’s stock after selling 5,283 shares during the quarter. Teacher Retirement System of Texas’ holdings in The Hanover Insurance Group were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• [By Logan Wallace]

  Scout Investments Inc. acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 174,629 shares of the insurance provider’s stock, valued at approximately $20,587,000. Scout Investments Inc. owned about 0.41% of The Hanover Insurance Group at the end of the most recent quarter.

Top 10 Medical Stocks For 2019: Cliffs Natural Resources Inc.(CLF)

Advisors' Opinion:

• [By Lisa Levin] Gainers AGM Group Holdings Inc. (NASDAQ: AGMH) shares climbed 30.3 percent to $11.05 after climbing 34.60 percent on Thursday. Limelight Networks, Inc. (NASDAQ: LLNW) jumped 21.2 percent to $4.9699 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates. Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares climbed 18.8 percent to $7.89 after reporting strong Q1 earnings. Farmers Capital Bank Corp (NASDAQ: FFKT) gained 15.4 percent to $48.75. WesBanco Inc (NASDAQ: WSBC) announced an agreement and plan of merger with Farmers Capital Bank Corporation. TransUnion (NYSE: TRU) climbed 10.2 percent to $66.76 after the company posted upbeat Q1 results and issued a strong forecast for the second quarter. TransUnion announced plans to acquire Callcredit. Myomo, Inc. (NYSE: MYO) shares gained 9.2 percent to $3.9299 after rising 8.11 percent on Thursday. Pinnacle Foods Inc (NYSE: PF) gained 8.8 percent to $60.04 after a 13-D filing from Jana Partners showed an increased stake in the comapny, from 1.42 million shares at the end of last quarter to 10.83 million shares, or a 9.3-percent stake. Associated Banc-Corp (NYSE: ASB) shares climbed 8.8 percent to $26.70 following upbeat Q1 earnings. OFG Bancorp (NYSE: OFG) gained 8.5 percent to $12.80 after reporting Q1 results. Cleveland-Cliffs Inc. (NYSE: CLF) climbed 7.5 percent to $7.73 following Q1 results. Seaspan Corporation (NYSE: SSW) shares climbed 6.7 percent to $7.50. Deutsche Bank upgraded Seaspan from Hold to Buy. General Electric Company (NYSE: GE) shares rose 4.6 percent to $14.63 after the company reported better-than-expected earnings for its first quarter. Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) rose 4.3 percent to $47.80. Biogen and Ionis have expanded their strategic collaboration to develop drug candidates for a broad range of neurological diseases.

  Check out these big penny stock gainers and losers

• [By Stephan Byrd]

  Hudbay Minerals (NYSE: HBM) and Cleveland-Cliffs (NYSE:CLF) are both basic materials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, dividends, risk and institutional ownership.

• [By Rich Smith]

  Has there ever been a more surprising turnaround story than Cleveland-Cliffs (NYSE:CLF)?

  Once a bifurcated coal and iron miner known as Cliffs Natural Resources, folks began writing Cleveland-Cliffs' obituary in 2012 after President Obama was elected to his second term -- an apparent death knell to anyone involved in the coal industry. Three years later, the predictions seemed to be coming true, and analysts opined about whether Cleveland-Cliffs could even survive to the end of Obama's term. Within only a few short months, the stock would bottom out. But fast-forward a few years years, and what do we see today?

Top 10 Medical Stocks For 2019: Equinix Inc.(EQIX)

Advisors' Opinion:

• [By Beth McKenna]

  Equinix (NASDAQ:EQIX) reported robust first-quarter 2018 financial results after the market close on Wednesday.�

  Shares closed down 6.1% on Thursday, which we can probably attribute to the company revising slightly downward its full-year 2018 adjusted funds from operations (AFFO) outlook, as we'll get to in a moment. (AFFO is a�closely watched metric for companies organized as real estate investment trusts, or REITs. It's akin to "earnings" for REITs.)�

• [By Stephan Byrd]

  Credit Suisse Group set a $525.00 price objective on Equinix (NASDAQ:EQIX) in a research report report published on Friday. The firm currently has a buy rating on the financial services provider’s stock.

• [By Matthew Frankel]

  Equinix (NASDAQ:EQIX) is the largest operator of data centers in the world, with more than 9,800 companies utilizing its properties. The company provides the facility, power, security, and cooling equipment for its customers, and they supply their own servers and networking equipment.

• [By Lee Jackson]

  This is one of the larger cap companies in the data center arena and a top play for more conservative accounts. Equinix Inc. (NASDAQ: EQIX) provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa and the Asia-Pacific.

• [By Stephan Byrd]

  US Bancorp DE boosted its holdings in Equinix (NASDAQ:EQIX) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,159 shares of the financial services provider’s stock after purchasing an additional 920 shares during the quarter. US Bancorp DE’s holdings in Equinix were worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

Top 10 Medical Stocks For 2019: Bank of Nova Scotia (BNS)

Advisors' Opinion:

• [By Motley Fool Staff]

  Bank of Nova Scotia (NYSE:BNS)Q2 2018 Earnings Conference CallMay 29, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Adam Borgatti -- Vice President, Investor Relations

• [By Lisa Levin] Companies Reporting Before The Bell Booz Allen Hamilton Holding Corporation (NYSE: BAH) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.67 billion. Momo Inc. (NASDAQ: MOMO) is projected to report quarterly earnings at $0.5 per share on revenue of $396.17 million. Multi-Color Corporation (NASDAQ: LABL) is expected to report quarterly earnings at $1.06 per share on revenue of $424.96 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to report quarterly earnings at $1.15 per share on revenue of $382.4 million. The Bank of Nova Scotia (NYSE: BNS) is projected to report quarterly earnings at $1.32 per share on revenue of $5.46 billion. Jianpu Technology Inc. (NYSE: JT) is expected to report quarterly loss at $0.04 per share on revenue of $47.51 million. Trans World Entertainment Corporation (NASDAQ: TWMC) is estimated to report earnings for its first quarter. Advanced Drainage Systems, Inc. (NYSE: WMS) is estimated to report quarterly loss at $0.06 per share on revenue of $249.44 million. Quotient Limited (NASDAQ: QTNT) is expected to report quarterly loss at $0.48 per share on revenue of $5.73 million. Elbit Systems Ltd. (NASDAQ: ESLT) is projected to report earnings for its first quarter. Evogene Ltd. (NASDAQ: EVGN) is expected to report earnings for its first quarter.

   

• [By Ethan Ryder]

  Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) has earned an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $94.00.

• [By Ethan Ryder]

  Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark raised their Q1 2019 earnings per share estimates for shares of Bank of Nova Scotia in a research note issued to investors on Tuesday, May 29th. Cormark analyst M. Grauman now forecasts that the bank will post earnings of $1.83 per share for the quarter, up from their prior forecast of $1.82. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2019 earnings at $1.83 EPS, Q3 2019 earnings at $1.97 EPS and Q4 2019 earnings at $1.96 EPS.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Bank of Nova Scotia (BNS)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Bed Bath & Beyond Makeover Not Sitting Well With Customers

The image makeover that was supposed to save Bed Bath & Beyond (NASDAQ:BBBY) instead seems to be keeping customers away. The home furnishings retailer reported its 10th consecutive quarter of falling same-store sales even though first-quarter earnings beat analyst expectations, and revenues were largely in line with forecasts.

Its once ubiquitous blue-and-white 20%-off coupons no longer hold the same power to draw in customers as they once did, with the retailer noting that although the value of the coupons increased in the period, their volume was down. People who did use them were using them to purchase more goods, but fewer customers were redeeming them.

CFO Robyn D'Elia did point out that more people were joining its Beyond+ member loyalty program, which would cause fewer people to need to use coupons since those members get 20% off purchases automatically, online and in store. However, fewer customers are visiting its stores, and they were making fewer purchases as the number of transactions declined.

Image source: Getty Images.

Failure on display

Bed Bath & Beyond had the idea that if it carried less stuff�that you could actually buy in its stores but made the stores more of a display showcase for what you could buy online, it would entice customers to visit the website and make purchases there. Although there is some indication that could be happening -- the retailer said its "customer-facing digital channels" saw strong sales -- the overall anemic growth in total sales of just 0.4% indicates the reinvention of the stores is not having the intended effect.

The problem is Bed Bath & Beyond is under assault from competitors all around it, like Walmart�and Target in the brick-and-mortar realm, and Amazon.com�and Wayfair in the digital. The pricing pressure it's under to maintain a competitive position to its rivals is taking a toll on margins, which contracted again in the quarter.

This also comes as it has invested considerable sums in upgrading its online presence after years of neglect, but it may not have the financial resources available to continue fending off the inroads its competition is making.

The future of online shopping

Earlier this year, Walmart acquired augmented reality start-up Spatialand for an undisclosed sum to help reimagine at-home shopping, which followed William-Sonoma's purchase last November of 3D imaging and AR specialist Outward for $112 million to develop visual merchandising of its products.

Bed Bath & Beyond says it is in the furniture business and is working to convey that message to customers, but if it's going to keep pace with the next phase of where retailing may be heading, it's going to require more substantial investment on the retailer's part.

That suggests the 2020 timeline the home furnishings store has for turning itself around is likely going to be pushed even further out into the future. Simply putting more pillowcases on display in its store isn't going to push the envelope far enough.

Not a good value

Although Bed Bath & Beyond trades at a significant discount, there's no indication that its plan for correcting course will actually work. It's certainly not having an impact now -- earnings beat analysts' expectations by $0.02, but they were still down 40% year over year. And they only were able to beat Wall Street's numbers, because the retailer continues to buy back significant amounts of its own stock. Had the share count been left alone, earnings would have merely been in line and down by an even greater percentage from last year.

Bed Bath & Beyond does need to meet the changing ways consumers shop but having waited so long to make those investments, it's likely lost the chance to benefit from the bankruptcy of direct rivals like Linens N Things so many years ago.

Now, mass-merchandisers like Walmart have filled the gap, as have other rivals. There isn't enough incentive in paying $29 a year to get that 20% off coupon you used to get in your mailbox for free to generate enough sales to make Bed Bath & Beyond's turnaround a reality.

3 Tips for Small-Business Owners Competing With Chains

When you run a small business that competes with national chains, it's not enough to be locally owned. That might get the people in your community to stop by and wish you luck. But in most cases, it won't be enough to win sustainable business.

Making your small business stand out requires doing things that larger competitors either don't or can't do. That takes a commitment from you to being more than just a business owner -- you have to be part of the community and part of your customers' lives.

It's important to build a connection with your customers. Image source: Getty Images.

1. Offer the best service

When I ran a very large local toy, hobby, and model-train store, I made sure my staff treated everyone like a big spender. That meant that the older gentleman who required two hours of help to buy $1.43 in collectible stamps got the same level of attention as the person who casually dropped $10,000 on high-end model trains.

It also meant that we sometimes put in a lot of effort educating people on certain bigger-ticket items only to see them leave the store, maybe never to return (and likely having purchased their item for less online). That was something we had to accept, but having an overall commitment to customer service won us loyalty and referrals.

2. Know your audience

Our toy store had regulars whom we knew by name and by interest. That made it possible to go the extra mile in not just greeting customers, but also in being able to show them whatever new find had come in that they might be interested in.

It was also important to make new customers feel like part of the family. That could mean offering a tour, playing a game with someone, or showing their young child one of the store's interactive play areas while getting mom or dad a coffee or soda.

3. Go above and beyond

A major chain generally can't change its decision about opening on Easter because it has a lot of regular customers with nothing to do that day. At the toy store, we opened by request that day with just me and one other volunteer working. We bought doughnuts, gave away coffee, and made some of our customers who either didn't have family or were away from theirs feel welcome.

There were countless times we opened early or stayed open late to accommodate customers. We also held regular customer appreciation barbecues, rented a cotton candy machine (a sticky mistake, albeit a popular one), and bought ice pops on hot days.

We delivered new releases to sick customers and set aside things for people while they were traveling. Essentially, if there was something we could do, we did it.

Be the best you can

In general, most smaller stores or service providers can't compete with chains when it comes to price. Even as a very large independent toy store, we did not have the pricing power of our retail rivals. And in some cases, we could not even get some popular items.

Despite that, we listened to our customers. We could not, for example, purchase the popular children's games Candyland or Chutes & Ladders because their manufacturer made little else we wanted, so we could not hit order minimums.

Since our customers wanted those games (even though we sold much better alternatives), we simply waited for the big chains to put them on sale and bought them by the vanload. We didn't even mark them up. They just went on the shelf as a courtesy because our audience wanted them.

As a small-business owner, you can compete by being better and having a deep personal connection. That's not in any way easy, but it's possible. And it's how you can build an audience even when competing with much bigger rivals.

Moon Capital Management LLC Has $4.10 Million Position in AerCap Holdings (AER)

Moon Capital Management LLC increased its stake in AerCap Holdings (NYSE:AER) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,715 shares of the financial services provider’s stock after buying an additional 5,691 shares during the quarter. AerCap comprises approximately 4.4% of Moon Capital Management LLC’s holdings, making the stock its 6th largest holding. Moon Capital Management LLC’s holdings in AerCap were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AER. Schwab Charles Investment Management Inc. lifted its position in AerCap by 5.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 68,122 shares of the financial services provider’s stock worth $3,584,000 after buying an additional 3,608 shares during the last quarter. AXA lifted its position in shares of AerCap by 96.0% during the fourth quarter. AXA now owns 17,420 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 8,531 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of AerCap during the fourth quarter worth $31,769,000. MML Investors Services LLC lifted its position in shares of AerCap by 43.8% during the fourth quarter. MML Investors Services LLC now owns 8,142 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AerCap by 91.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 94,199 shares of the financial services provider’s stock worth $4,956,000 after purchasing an additional 44,878 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.

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Several analysts have recently weighed in on AER shares. Zacks Investment Research upgraded AerCap from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, May 28th. Morgan Stanley lifted their target price on AerCap from $49.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, April 12th. Cowen reiterated an “outperform” rating and set a $60.00 target price (up from $58.00) on shares of AerCap in a research report on Friday, May 4th. ValuEngine downgraded AerCap from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Deutsche Bank lifted their target price on AerCap from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. AerCap currently has a consensus rating of “Buy” and an average target price of $61.44.

Shares of AerCap stock traded up $0.61 during trading on Monday, hitting $55.20. 77,861 shares of the stock traded hands, compared to its average volume of 875,255. The firm has a market cap of $8.63 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.71 and a beta of 1.82. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 3.34. AerCap Holdings has a 52-week low of $46.53 and a 52-week high of $56.26.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. AerCap had a return on equity of 12.54% and a net margin of 21.52%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. analysts forecast that AerCap Holdings will post 6.42 earnings per share for the current year.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerCap Holdings (NYSE:AER).

REBL (REBL) Achieves Market Capitalization of $6.82 Million

REBL (CURRENCY:REBL) traded 2.1% higher against the US dollar during the one day period ending at 8:00 AM E.T. on July 7th. One REBL token can currently be purchased for about $0.0400 or 0.00000608 BTC on major cryptocurrency exchanges including CoinFalcon, Token Store, EtherDelta (ForkDelta) and Bit-Z. During the last week, REBL has traded 4.1% higher against the US dollar. REBL has a market cap of $6.82 million and approximately $1.29 million worth of REBL was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

Get REBL alerts: XRP (XRP) traded 0.7% lower against the dollar and now trades at $0.47 or 0.00007181 BTC. Stellar (XLM) traded 0.4% higher against the dollar and now trades at $0.20 or 0.00003099 BTC. IOTA (MIOTA) traded 1% lower against the dollar and now trades at $1.07 or 0.00016297 BTC. Tether (USDT) traded down 0.1% against the dollar and now trades at $1.00 or 0.00015234 BTC. NEO (NEO) traded down 3.1% against the dollar and now trades at $37.29 or 0.00565997 BTC. TRON (TRX) traded 0.3% higher against the dollar and now trades at $0.0366 or 0.00000556 BTC. Binance Coin (BNB) traded 5.9% higher against the dollar and now trades at $14.26 or 0.00216377 BTC. VeChain (VET) traded up 1.8% against the dollar and now trades at $2.49 or 0.00037803 BTC. Ontology (ONT) traded down 1% against the dollar and now trades at $4.66 or 0.00070675 BTC. Zilliqa (ZIL) traded up 0.2% against the dollar and now trades at $0.0823 or 0.00001250 BTC.

REBL Token Profile

REBL was first traded on November 4th, 2017. REBL’s total supply is 326,480,305 tokens and its circulating supply is 170,376,386 tokens. The official website for REBL is www.rebellious.io. REBL’s official Twitter account is @RebelliousCoin. The Reddit community for REBL is /r/RebelliousCoin and the currency’s Github account can be viewed here.

Buying and Selling REBL

REBL can be traded on the following cryptocurrency exchanges: Bit-Z, EtherDelta (ForkDelta), CoinFalcon and Token Store. It is usually not presently possible to purchase alternative cryptocurrencies such as REBL directly using U.S. dollars. Investors seeking to trade REBL should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase REBL using one of the exchanges listed above.

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Crude Palm Oil prices to trade sideways to positive: Angel Commodities

Angel Commodities' report on Crude Palm oil

MCX CPO continues to trade lower this week and closed lower for fifth successive session due tracking weak palm oil in Malaysia and lower tariff value for July. However, prices have been in a range due to weaker rupees and steady domestic demand.� The government has slashed the base import price of CPO and RBD Palmolein by $26 to $618 per ton and $27 to $646 per ton respectively.

Outlook
CPO futures may trade sideways to positive on bargain buying and improved prices in international prices. However higher domestic stocks and steady domestic demand from the stockists may keep the prices sideways.

For all commodities 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 11:39 am

Zacks Investment Research Upgrades Lamb Weston (LW) to Buy

Lamb Weston (NYSE:LW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $76.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.16% from the stock’s current price.

According to Zacks, “Lamb Weston has surpassed the industry in the past six months. The company has been gaining from its robust LTO innovations, which drove nearly half the volume growth of Lamb Weston’s significant Global segment in the third-quarter fiscal 2018. During the quarter, both top and bottom lines grew year over year and topped estimates for the sixth straight time. While earnings gained from lower tax rate, higher operating income and equity method investment earnings, sales were backed by strong volumes and pricing. Management expects price/mix to grow in fiscal 2018, which led to a raised sales view. However, transportation, warehousing and commodity costs are expected to increase. Also, raw potato prices are expected to rise in low to mid single-digit range. These factors, along with an anticipated rise in SG&A costs may hurt margins. Near-term issues in the foodservice unit are also a worry.”

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LW has been the topic of a number of other reports. ValuEngine raised Lamb Weston from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Bank of America upped their price target on Lamb Weston from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, June 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $71.00 price target on shares of Lamb Weston in a report on Wednesday, June 6th. Morgan Stanley upped their price target on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, April 6th. Finally, Vertical Group began coverage on Lamb Weston in a report on Tuesday, May 22nd. They issued a “sell” rating and a $56.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Lamb Weston has an average rating of “Hold” and an average target price of $66.83.

Shares of Lamb Weston stock traded up $0.38 on Wednesday, reaching $68.37. 514,488 shares of the company traded hands, compared to its average volume of 1,042,591. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of -5.98. Lamb Weston has a 52 week low of $42.58 and a 52 week high of $69.55. The company has a market capitalization of $9.94 billion, a P/E ratio of 29.47, a P/E/G ratio of 1.84 and a beta of 0.53.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business had revenue of $863.40 million for the quarter, compared to the consensus estimate of $813.81 million. During the same period last year, the business posted $0.59 EPS. The company’s revenue was up 12.3% on a year-over-year basis. equities analysts expect that Lamb Weston will post 2.62 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Lamb Weston by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 939,845 shares of the specialty retailer’s stock valued at $53,054,000 after purchasing an additional 8,769 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Lamb Weston by 29.7% in the first quarter. GSA Capital Partners LLP now owns 37,078 shares of the specialty retailer’s stock valued at $2,159,000 after acquiring an additional 8,494 shares during the period. Driehaus Capital Management LLC increased its stake in Lamb Weston by 30.9% in the 4th quarter. Driehaus Capital Management LLC now owns 32,946 shares of the specialty retailer’s stock worth $1,860,000 after buying an additional 7,774 shares during the period. MetLife Investment Advisors LLC purchased a new stake in Lamb Weston in the 4th quarter valued at about $5,221,000. Finally, QS Investors LLC lifted its position in shares of Lamb Weston by 10.9% in the 4th quarter. QS Investors LLC now owns 10,101 shares of the specialty retailer’s stock worth $570,000 after acquiring an additional 994 shares during the period. Institutional investors own 79.52% of the company’s stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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