2.42k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bearish crosses within the last week. A bearish crossover occurs when the MACD turns down and crosses below the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Bank of America Corporation
Wells Fargo & Company
Wells Fargo & Company
The Boeing Company
Fomento Económico Mexicano, S.A.B. de C.V.
International Business Machines Corporation
The Toronto-Dominion Bank
American Express Company
CVS Health Corporation
Lowe's Companies, Inc.
The Goldman Sachs Group, Inc.
Morgan Stanley PFD A 1/1000
The TJX Companies, Inc.
Dominion Energy, Inc.
Brookfield Asset Management Inc.
Northrop Grumman Corporation
Lloyds Banking Group plc
General Dynamics Corporation
Air Products and Chemicals, Inc.
Boeing might be taking the last crucial steps to prepare for its first crewed Starliner capsule spaceflight, but it's also busy turning sci-fi into reality right here on Earth – by helping Disney build X-Wing large-scale starfighters to celebrate the opening of the 'Rise of the Resistance' ride at Disney World in Florida. Earlier this week when the ride opened during an evening ceremony, X-Wings "roughly the size of a family van" flew over the event, as described by The Drive, which first identified earlier spy shots of the vehicles as potentially being based on Boeing's aerial cargo drone. Boeing has since confirmed its involvement, but they aren't providing more info than that the X-Wings were indeed their aircraft.
Air Products and Chemicals (APD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking...
The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million (£3.04 million) fine on Boeing Co , alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes. In a statement on Friday, Boeing did not admit liability but said they were aware of the FAA's concerns. The company has 30 days to respond either by paying the fine or challenging it; Boeing said it would review the penalty.
(Bloomberg) -- If Steve Cohen’s bid for the New York Mets succeeds, he’ll find himself in familiar company.Hedge fund managers and private equity titans are an increasingly common sight in the owners’ boxes of Major League Baseball teams, including former trader John Henry at Boston’s Fenway Park, Guggenheim Partners’ Mark Walter at Dodger Stadium and Crescent Capital’s Mark Attanasio at Miller Park in Milwaukee.And it’s not just America’s Pastime. Pro football franchises, basketball teams and soccer clubs also are attracting the financial elite. Last year, David Tepper bought the NFL’s Carolina Panthers. The principal owner of the NBA’s Golden State Warriors is former venture capitalist Joe Lacob, while Platinum Equity founder Tom Gores owns the Detroit Pistons.“One of the great sources of the kind of liquid capital you need to buy a sports team are people in the finance industry,” said Marc Ganis, president of consulting firm Sportscorp Ltd. “Tepper could simply write the check for the Carolina Panthers. Literally write the check. And Steve Cohen is the same.”The lure is no longer just the prospect of owning a trophy asset or hanging out with famous athletes, although that still resonates. These days there’s also a cold-eyed appraisal of teams as an increasingly astute financial bet, backed by a mix of real estate, media and technology.“Steve is a consummate businessperson who will bring insights to the way the sport is evolving to the team management,” Leo Hindery, founder and former chief executive officer of the Yankees’ broadcast network, said of the hedge fund titan in an interview this week.Cohen’s proposed bid underlines the astronomical cost of teams in major markets these days. Fred Wilpon, the Met’s principal owner, made his money in real estate. He assumed control of the franchise in 2002 at a valuation of just $391 million.Cohen — one of the most successful hedge fund managers in history with a net worth in excess of $9 billion, according to the Bloomberg Billionaires Index — is negotiating to buy an 80% stake that values the team at a league-record $2.6 billion. That’s a 550% increase in less than two decades.Jerry Richardson paid about $200 million in 1993 for the rights to start the Panthers. Tepper, founder of Appaloosa Management, paid $2.3 billion for the franchise last year. The Milwaukee Bucks, worth $18 million in 1985, fetched $550 million when the NBA team was sold to Marc Lasry and Wes Edens in 2014.It’s a similar story with soccer. The enterprise value of the 32 most prominent European clubs increased to $41 billion at the start of 2019, up 35% from three years earlier, according to a KPMG report.Finance is the source of 106 fortunes on the Bloomberg index, a ranking of the world’s 500 richest people. That’s about double the number of those who made their money from technology. Outside of the top 500 are scores more with the means to pay the price tags the biggest sports teams now command.When the Panthers came up for sale, three billionaires with financial backgrounds dominated the bidding war, with Tepper ultimately beating out Ben Navarro, founder of Sherman Financial Group LLC, and investor Alan Kestenbaum.“I don’t want to own a trophy asset,” Kestenbaum said during the bidding. “An investment of this size has to continue to grow in value.”That remains a distinct possibility, even at today’s elevated prices. Long-suffering sports fans — buffeted by ownership changes and rising ticket prices — tend to remain loyal to their teams, while the seemingly evergreen allure of live sports has kept the value of television rights packages buoyant.The appeal is such that it’s not just individuals investing. Last month, private equity firm Silver Lake Management bought a piece of City Football Group Ltd., owner of the Manchester City soccer team, valuing the parent at $5 billion. CVC Capital Partners bought a minority stake in England’s top rugby league last year having previously owned race series Formula One for a decade before selling it to John Malone’s Liberty Media Corp. for $4.4 billion.Owning such illiquid assets requires a high tolerance for risk and a healthy balance sheet. But that’s second nature to many of the mega-wealthy financiers now filling board rooms. For hedge fund executives used to the volatility of capital markets, the limited supply of these teams is appealing. Even when an owner has sold under duress — such as former Los Angeles Clippers owner Donald Sterling or the Panthers’ Richardson — the price they received set records.Plenty of financiers have doubled down on these types of investments. In addition to the Red Sox, Henry owns England’s Liverpool Football Club and half of Nascar’s Roush Fenway Racing team. Major League Soccer’s board of governors agreed Thursday to move forward on the final steps toward granting the latest expansion team to Charlotte, North Carolina. The bid was led by Tepper.His growing taste for sports teams is no surprise to those in the industry.“There’s a competitiveness in the finance sector at the highest levels, which translates very well into the sports industry,” said Ganis, the consultant. “It’s wins, it’s losses, it’s zero sum games. It’s kill or be killed. That has a lot of similarity to the sports industry where at the end of the season there are winners and losers.”\--With assistance from Tom Maloney, Scott Soshnick and Eben Novy-Williams.To contact the author of this story: Tom Metcalf in London at email@example.comTo contact the editor responsible for this story: Steven Crabill at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Stephen Poloz, who resisted this year’s global rush to cut interest rates, won’t seek a second term at the helm of the Bank of Canada when his mandate ends in June.Poloz informed the central bank’s board of directors and Finance Minister Bill Morneau of his decision, according to a statement Friday from the bank.“It has been a privilege to serve as the ninth Governor of the Bank of Canada,” Poloz, 64, said in the statement posted to the bank’s website. He called his job at the bank, which began in 2013, “the most fulfilling of my long career.”The governor is preparing to leave the central bank with its 1.75% benchmark interest rate among the highest in advanced economies. Poloz -- who was among the few central bankers to raise interest rates in 2017 and 2018 as the nation’s economy began to fully recover from the last recession -- has been reluctant to reverse course, citing a relatively robust expansion and concerns that lower borrowing costs could fuel the nation’s already high household debt levels.“The issue of course is we’re at a very delicate point in time for the Canadian economy,” Brian DePratto, senior economist at Toronto-Dominion Bank said by phone. “The Bank of Canada is balancing growth concerns versus financial stability concerns. Certainly they’ve been emphasizing the latter quite a bit in my view in the recent communication.”Since Poloz came to power, Canadian household debt has increased by more than half a trillion Canadian dollars and remains near record high levels as a share of disposable income, which will almost certainly act as a millstone for growth for years to come. Bank of Canada officials cited the nation’s economic resiliency in the face of global uncertainty when they defended their decision this week not to follow the Federal Reserve in cutting rates.Though Poloz wasn’t expected to stay for a second term, he had indicated it was an option. His decision to step down means replacing him becomes one of the first orders of business for Prime Minister Justin Trudeau, whose Liberal Party won a second term in government after a divisive election in October.Early front-runners include the governor’s chief deputy, Carolyn Wilkins, who would be the first woman to take the job. Wilkins would offer the smoothest transition, particularly given how Poloz has elevated her role of Senior Deputy Governor under his watch to one that is more prominent than usual for the job.Wilkins, 55, oversees the central bank’s strategic planning and economic research, is involved in high-level Group of 20 and Financial Stability Board meetings, and is overseeing the review of the central bank’s inflation mandate, which will be renewed in 2021. Wilkins also fills in for Poloz once a year as chair of the Governing Council -- the group of policy makers that decides on interest rates.Jean Boivin, the head of BlackRock Inc.’s research unit, is also being touted as a stronger contender. He was considered an economic whiz kid when Bank of England Governor Mark Carney, then Bank of Canada governor, recruited him from academia as an adviser a decade ago. Boivin, currently based in London, would be the first francophone to run the central bank.Another potential successor is Tiff Macklem, dean of the University of Toronto’s Rotman School of Management, who left the bank after a long tenure after he lost his bid for the top job at the central bank in 2013 to Poloz. Among other names circulating as potential candidates include Paul Beaudry, who joined the Bank of Canada earlier this year as deputy governor; Evan Siddall, head of Canada Mortgage and Housing Corp.; and Paul Rochon, the current deputy minister of finance.Poloz’s announcement comes amid a period of turnover atop the world’s major central banks. Christine Lagarde just replaced Mario Draghi as president of the European Central Bank, while Carney is set to step down from the Bank of England in January.Under Poloz’s watch, borrowing costs were kept near the lowest levels in the central bank’s eight-decade history. That ultimately kept the economy afloat long enough for one of the fastest increases in jobs and probably the largest accumulation of wealth in the nation’s history, as cheap money inflated the value of real estate and financial assets.By some measures, Poloz has been one of Canada’s most successful central bankers ever: the country is closer to a state of full employment and stable prices than at any time since the 1960s.But his efforts to return the economy to full health, where it’s not reliant on low interest rates, housing and debt, ultimately fell short as Canada grappled with the lingering effects of the last recession and wrestled with a litany of new headwinds including a once-in-a-generation collapse in commodity prices and the impacts of global trade tensions.\--With assistance from Cedric Sam.To contact the reporters on this story: Theophilos Argitis in Ottawa at email@example.com;Shelly Hagan in ottawa at firstname.lastname@example.orgTo contact the editors responsible for this story: Theophilos Argitis at email@example.com, Chris Fournier, Stephen WicaryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
How far off is Northrop Grumman Corporation (NYSE:NOC) from its intrinsic value? Using the most recent financial data...
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Goldman Sachs Group Inc could end up paying less than $2 billion to resolve criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, Bloomberg reported https://bloom.bg/2OX6NuZ on Friday, citing three people familiar with the negotiations. The Justice Department and other federal agencies have weighed seeking penalties between $1.5 billion and $2 billion, which is less than what some analysts have signaled Goldman might have to pay, Bloomberg reported. Malaysia has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totaling $6.5 billion that the U.S. bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Goldman Sachs Group Inc could end up paying less than $2 billion to resolve criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, Bloomberg reported on Friday, citing three people familiar with the negotiations. The Justice Department and other federal agencies have weighed seeking penalties between $1.5 billion and $2 billion, which is less than what some analysts have signaled Goldman might have to pay, Bloomberg reported. Malaysia has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totaling $6.5 billion that the U.S. bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Costco's (COST) better price management and strong membership trends have been playing a crucial role in driving comps. The metric improves 5.3% during the month of November.