4.02k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
The Goldman Sachs Group, Inc.
Duke Energy Corporation
American Electric Power Company, Inc.
The Royal Bank of Scotland Group plc
Constellation Brands, Inc.
Mitsui & Co., Ltd.
Telefonaktiebolaget LM Ericsson (publ)
YUM! Brands, Inc.
WEC Energy Group, Inc.
Telefônica Brasil S.A.
CMS Energy Corporation
Church & Dwight Co., Inc.
Expedia Group, Inc.
Enel Américas S.A.
Arista Networks, Inc.
Campbell Soup Company
Extra Space Storage Inc.
Diamondback Energy, Inc.
Kansas City Southern
W. R. Berkley Corporation
Universal Health Services, Inc.
(Bloomberg) -- A unit of Ericsson AB pleaded guilty to foreign bribery and the parent company agreed to pay more than $1 billion to resolve a long-running U.S. corruption investigation involving payoffs in Asia and the Middle East.The Stockholm-based company admitted to a years-long campaign of corruption aimed at solidifying its grip on telecommunications business, U.S. Attorney Geoffrey S. Berman in Manhattan said in announcing the settlement that outlined tens of millions of dollars in illicit payments in five countries.“Through slush funds, bribes, gifts and graft, Ericsson conducted telecommunications business with the guiding principle that ‘money talks,’” Berman said in a written statement announcing the settlement.From 2000 to 2016, Ericsson conspired with others to violate the U.S. Foreign Corrupt Practices Act -- paying bribes, falsifying books and records and failing to implement reasonable internal accounting controls, the Justice Department said. The company bribed government officials through third-party agents and consultants, it said.The settlement includes a $520 million criminal penalty imposed by the U.S. Justice Department and a civil payment of about $540 million to the Securities and Exchange Commission. As part of a deferred-prosecution deal, an Egyptian subsidiary of the company pleaded guilty to a conspiracy charge.The company will add an independent monitor to ensure its compliance with anti-bribery laws as part of the settlement in federal court in New York, which had been expected.Ericcson didn’t immediately respond to a request for comment.The government, in its settlement announcement after the close of U.S. markets, outlined bribery spanning the globe.By way of a subsidiary, the company made approximately $2.1 million in bribe payments between 2010 and 2014 to high-ranking government officials in Djibouti to obtain a contract with the state-owned telecommunications company, it said. An Ericsson subsidiary entered into a sham contract and approved fake invoices to conceal the payments, it said.In China, Ericsson subsidiaries caused tens of millions of dollars to be paid to consultants and service providers over 16 years through 2016, the government said. Some of that went to fund a travel expense account in China that covered gifts, travel and entertainment for foreign officials, it said. The government outlined $45 million in off-the-book payments to create slush funds to win business in Indonesia, and described other off-the-book schemes in Vietnam and Kuwait aimed at winning business.“We will continue to pursue cases such as these in order to preserve a global commerce system free of corruption,” said Don Fort, chief of the Internal Revenue Service’s criminal investigation division. In September, Ericsson said it had set aside 12 billion kronor ($1.2 billion) to cover U.S. penalties. Ericsson has said it’s been cooperating with U.S. investigators since 2013.The Justice Department said Ericsson earned a 15% reduction in penalties for its cooperation. However, it said Ericsson didn’t receive full credit for cooperation because it didn’t disclose some allegations of corruption, didn’t produce certain documents and failed to take adequate disciplinary measures against some employees.Ericsson has been moving to resolve the matter as it competes with Nokia Oyj for 5G network supply contracts and tries to take advantage of a U.S.-led boycott against Huawei Technologies Co., an Ericsson rival.The $1 billion overall penalty is near the top of foreign-corruption cases and above those assessed against other telecommunications companies. Telia Co. paid $965 million in penalties in 2017 after admitting to paying hundreds of millions of dollars in bribes to a government official in Uzbekistan.(Rewrites and updates with details of bribes)\--With assistance from Niclas Rolander.To contact the reporters on this story: Tom Schoenberg in Washington at email@example.com;David Voreacos in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeffrey D Grocott at email@example.com, David S. JoachimFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. The total charges include a criminal penalty of more than $520 million (405.30 million pounds), plus $540 million to be paid to the U.S. Securities and Exchange Commission (SEC) in a related matter. The company admitted it had conspired with others to violate the Foreign Corrupt Practices Act (FCPA) from at least 2000 to 2016 by engaging in a scheme to pay bribes and to falsify books and records and by failing to implement reasonable internal accounting controls, the Justice Department said in a statement.
2019 has been a big year for fast-food chicken, with the "chicken wars" turning from mild to spicy. Will you be trying any of the fried chicken sandwich options?
Let's talk about the popular Expedia Group, Inc. (NASDAQ:EXPE). The company's shares saw a decent share price growth...
WEC Energy (WEC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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).
Zacks Value Trader Highlights: XOP, CNX Resources, Matador Resources, Pioneer Natural Resources and Diamondback Energy
WEC Energy's (WEC) board of directors is set to increase annual dividend rate by 7.2%, in sync with its target of a dividend payout ratio of 65-70% of earnings.
(Bloomberg) -- Goldman Sachs Group Inc. was among the many Wall Street banks that missed out on underwriting Alibaba Group Holding Ltd.’s Hong Kong share sale. Now, its analysts are showering China’s largest company with compliments.Goldman stock analysts just initiated coverage of the shares with a buy rating, predicting they can rally another 31% in the city over the next year. Reasons include its “experienced senior” management team and reach in China’s digital economy.Alibaba can capture nearly a third of China’s retail payments this year, analysts led by Piyush Mubayi wrote in the report. It also has the potential to surpass core growth, Goldman added.Shares of the Chinese technology firm rose 2.7% to HK$197.50 on Friday, extending the advance since their Nov. 26 debut to 12%. The company raised about HK$88 billion ($11.2 billion) in its share sale, the biggest equity offering in the financial hub since 2010.Alibaba may see about $5 billion of mainland inflows over the next three years if it’s included in the trading links with Shanghai and Shenzhen, the bank added.Some investors have cautioned against unrealistic expectations on the stock, saying certain restrictions may curtail trading in the Hong Kong shares.Still, Goldman says that around 8% to 10% of Alibaba’s stock should eventually trade in Hong Kong as U.S. investors should be able to convert their American shares into Hong Kong ones and vice versa. The stock could have a free-float market capitalization in the city of about $48 billion.Analysts at Jefferies Group LLC initiated the stock with a buy rating.(Updates prices in fourth paragraph)To contact Bloomberg News staff for this story: Livia Yap in Shanghai at firstname.lastname@example.orgTo contact the editors responsible for this story: Sofia Horta e Costa at email@example.com, Philip Glamann, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the nation.The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world’s most profitable company at $1.7 trillion. It received total bids of $119 billion.For Crown Prince Mohammed Bin Salman, pulling off the sale could help get his ambitious plan to overhaul the economy back on track. It’s been derailed by problems at home, including the backlash against his purge of the elite, and abroad by the outrage over the murder of Washington Post columnist Jamal Khashoggi and the war in Yemen.But the deal ended up being very different from what the prince had envisaged when he first floated the idea in 2016 with an ambition to raise as much as $100 billion. Aramco offered just 1.5% of its shares and opted for a local listing after global investors balked at its hopes of valuing the company at $2 trillion.Instead, Aramco relied heavily on local investors and funds from neighboring Gulf Arab monarchies. In the offering for individuals, almost 5 million people applied for shares. The institutional tranche closed on Wednesday and attracted bids totaling 397 billion riyals.The kingdom’s richest families, some of whom had members detained in Riyadh’s Ritz-Carlton hotel during a so-called corruption crackdown in 2017, are expected to have made significant contributions. Global banks working on the deal were sidelined after Saudi Arabia decided to focus on selling the shares to local and regional investors.Still, Aramco will become the world’s most valuable publicly traded company once it starts trading, overtaking Microsoft Corp. and Apple Inc. The pricing was at the top of the marketed range of 30 to 32 riyals. The mean valuation estimate from institutional investors surveyed by Sanford C. Bernstein & Co. was for $1.26 trillion, it said in a note Thursday.The deal opens up one of the world’s most secretive companies, whose profits helped bankroll the kingdom and its ruling family for decades, to investors and Saudi individuals. Until this year, Aramco had never published financial statements or borrowed in international debt markets.It will also mean the company now has shareholders other than the Saudi government for the first time since it was nationalized in the late 1970s.Saudi Arabia had been pulling out all the stops to ensure the IPO is a success. It cut the tax rate for Aramco three times, promised the world’s largest dividend and offered bonus shares for retail investors who keep hold of the stock.Goldman Sachs Group Inc., acting as share stabilizing manager, has the right to exercise a so-called greenshoe option of 450 million shares. The purchase option can be executed in whole or in part at any time on or before 30 calendar days after the trading debut. It could raise the IPO proceeds to $29.4 billion.Funds from the sale will be transferred to the Public Investment Fund, which has been making a number of bold investments, plowing $45 billion into SoftBank Corp.’s Vision Fund, taking a $3.5 billion stake in Uber Technologies Inc. and planning a $500 billion futuristic city.The sale is the first major disposal of state assets since Prince Mohammed launched a much-touted plan to reduce the economy’s addiction to oil revenue in 2016.The last major government privatization, the 2014 IPO of National Commercial Bank, received $83 billion in subscriptions from investors.(Updates with pricing range in seventh paragraph)\--With assistance from Nour Al Ali, Claudia Maedler, Bruce Stanley and Archana Narayanan.To contact the reporter on this story: Matthew Martin in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Stefania Bianchi at email@example.com, Alaa Shahine, Shaji MathewFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Alan Waxman was just 31 when he made partner on a Goldman Sachs team that bet the firm’s own cash for wild profits. He later co-founded TPG Sixth Street Partners and helped build it into a $33 billion force in credit markets.Now he’s raising alarms about those same markets.In a private conference earlier this week, Waxman, 45, warned investors there’s an epidemic of fake earnings projections that will be exposed in the next economic slump and may even exacerbate it. Too many companies are addicted to making creative accounting adjustments that bump up operating profits known as Ebitda -- and investors are turning a blind eye, he said, according to a person with knowledge of his comments.“It’s not normal, as a lender, to lend money against fake Ebitda and fake collateral,” he said in the presentation.In theory, lenders focus on Ebitda -- an acronym for earnings before interest, taxes, depreciation and amortization -- to get a clear sense of a company’s financial health before it pays down its debts. Yet suspicions have mounted in recent years that some executives are padding their projections for Ebitda. In 2017, one Moody’s analyst coined a new definition for Ebitda: Eventually busted, interesting theory, deeply aspirational.Much of the consternation focuses on adjustments known as “add-backs,” in which companies exclude certain expenses from future earnings. A traditional add-back, for example, could account for the expected savings from a cost-cutting program. But some companies have resorted to creative or aggressive items with descriptions that can be difficult to understand. Last year, a Federal Reserve official called out the use of add-backs as an area of mounting concern.Inflating Ebitda distorts the loan-to-value ratio that guides the $2.9 trillion market for junk bonds and loans in the U.S. and Europe, he said. Part of the problem, Waxman said in his presentation, is that investors have tolerated so much deviant behavior that it has become normalized.Some companies and their private-equity owners are goosing projections and presenting assumptions about returns that are more aggressive than their own internal models, he said. One alarming stat he points to: More than half the companies that were part of a leveraged buyout in 2016 missed their earnings projections by more than 25% last year. And that’s in a growing economy.The result is that in many cases creditors actually have a smaller cushion between the last dollar of risk they take and the real value of the company to which they lend, he said. There’s also a risk investors are committing capital based on an available pool of collateral that could disappear because of the lack of restrictive covenants that have historically protected lenders -- “fake collateral”, as Waxman put it.“The sacred lending principle of loan-to-value integrity is the single most important thing in credit investing,” he said. “When it is severely compromised, as it is now, credit stops being credit. It’s just cheap capital.”Waxman helped start his firm in 2009, a year after leaving Goldman Sachs Group Inc., with $2 billion from buyout fund TPG and much of his old team from Goldman. At the time, it was called TPG Opportunities Partners. Now often referred to as TSSP, the firm has returned 20% annualized, before fees, over the last decade.One prominent example of a company whose figures have confounded investors in recent times was office-sharing firm WeWork, which became known for its reliance on an unconventional accounting metric known as “community-adjusted Ebitda.” The company said it captured the profitability of WeWork locations, excluding general and administrative expenses. But the benchmark was questioned by analysts after it first came up in financial documents tied to a 2018 bond sale. It surfaced again in early drafts of the company’s S-1 filing for a public stock debut, only to be omitted from the final version.“The party will go on in the leverage finance markets until we have a catalyst,” Waxman told investors.The catalyst will most likely come from the BBB-rated credit market, where 43% of debt is levered over 4 times, according to Waxman. About 70% of that universe is at risk of losing its investment grade status, he said. Once that happens, the quantity of debt will overwhelm the high-yield market and create substantial dislocations, he said.A $1 Trillion Powder Keg Threatens the Corporate Bond Market\--With assistance from Davide Scigliuzzo.To contact the reporters on this story: Sridhar Natarajan in New York at firstname.lastname@example.org;Katia Porzecanski in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, ;Sam Mamudi at email@example.com, David Scheer, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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While T-Mobile (TMUS) launches nationwide 5G network, Verizon (VZ) collaborates with Amazon's cloud computing arm, Amazon Web Services, for 5G edge computing.
Regulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to cope with major incidents and maintain key services with minimum interruption. The Bank of England and the Financial Conduct Authority have proposed that banks, insurers, investment firms, exchanges and financial market infrastructure (FMIs) firms like Visa that make payments possible, set "impact tolerances" for important services. Firms themselves would quantify the maximum level of disruption they would tolerate in terms of time, volume of business or number of customers affected.
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