Sirius XM and Netflix Team Up to Deliver a Joke

Two of the hottest media distributor stocks in recent years are joining forces for a comedy radio channel. Sirius XM Holdings (NASDAQ:SIRI)�announced on Wednesday that it will be teaming up with Netflix (NASDAQ:NFLX) for an exclusive satellite radio channel that will feature content from the streaming video service's growing catalog of stand-up comedy.�

The new channel will also feature comedy talk shows from Netflix as well as additional original programming. There is no launch date for the new channel -- The Wall Street Journal points to January as a tentative rollout -- but Sirius XM's blog entry points out how this is the first time that Netflix is bringing its catalog to an audio service. It's a win-win partnership, as Sirius nabs Netflix's critically acclaimed stand-up content and Netflix gets to test the waters of a premium radio platform.��

Image source: Netflix.

Around the dial

Netflix and Sirius XM have been champs of premium subscription services. Sirius XM had 33.1 million members by the end of March. Netflix is now up to 57.4 million streaming accounts domestically, and another 72.8 million subs internationally.�

Climbing the wall of worry has paid off for Netflix and Sirius XM -- and for their investors. Sirius XM has been a scintillating 140-bagger since bottoming out in early 2009. Netflix has been the best performer in the S&P 500 over the past five years.�

The partnership is a perfect match, and not just because they are two content distributors that have beaten the odds to dominate their markets. There is likely a fair amount of subscriber overlap when it comes to the two services, though Sirius XM guns for driving commuters while Netflix's sweet spot is entertainment-seeking homebodies. When it comes to folks who are already members of both services, it will give them a new way to take in Netflix's popular stand-up comics. Netflix will also gain a new branding outlet. The satellite radio monopoly already has a couple of Sirius and XM channels that feature clips of stand-up routines, but now it will be adding one that validates Netflix as a comedy hub.

There's little downside for either party here. Netflix subscribers won't cancel because audio clips are now broadcasting on Sirius XM. One can argue that this could be a threat to Sirius XM if Netflix should add a radio component to its streaming service, but any potential offering is as unlikely as it is far away from launching. Netflix and Sirius XM pairing up make sense here, and they should both be laughing all the way to the bank when the new channel launches early next year.

Why Resources Connection Stock Just Dropped 12%

What happened

Shares of consulting firm Resources Connection (NASDAQ:RECN) are down 12.2% as of 12:30 p.m. EDT after the company reported fourth-quarter 2018 earnings this morning -- and that's the good news. The bad news is that earlier today this stock was down as much as 23%!

And yet, Resources Connection didn't report a loss for the quarter, but a 0.12-per-share profit, and says it would have earned even more -- $0.27 -- if not for a series of one-time charges that depressed results.

Image source: Getty Images.

So what

So how is that bad news? Well for one thing, Wall Street analysts had apparently told investors to expect pro forma earnings of $0.28, meaning that Resources Connection "missed by a penny" last quarter. Hurting the earnings result was an 80-basis-point decline in gross margin to 38.3%, and a very high income tax rate of 55%.

Granted, Resources Connection did report very strong revenue in the quarter -- $183.8 million, or about 24% more than it recorded in Q4 2017. But it failed to reap any improvement in profits whatsoever from the sales growth. In fact, earnings per share (the real one -- not the�pro forma�number) declined 20% year over year. As a result, full-year earnings growth was cut to a mere 7% -- $0.60 per share -- below the company's 12% rate of full-year sales growth.

Now what

All of this explains why Resources Connection dropped so much early on -- but why were its losses later pared? Well for one thing, fiscal 2019 is looking like it could be a lot better than fiscal 2018 was. According to data from Yahoo! Finance, analysts think Resources Connection could grow its earnings as much as 63% off of 2018's depressed number to $0.98 per share, even if sales grow only 8% to $706 million.

At a forward earnings multiple not much bigger than 15 times, that gives investors hope that Resources Connection stock, down so much today, could soon bounce back.

Top 10 Tech Stocks To Watch For 2019

tags:DWCH,DOV,ARCW,CSLT,EQIX,LOOK,NUAN,QSII,IIJI,SKM,

While U.S. equities continue their sideways skid just below the Dow 20,000 threshold — a level that has provided intractable for the last five weeks — buyers aren’t sitting still. Since the New Year, vigorous new interest has been seen in biotech stocks as hopes build for president-elect Donald Trump’s plans to repeal and replace Obamacare, potentially improving both cost and coverage.

Source: Pixelbay (Modified)

If successful, that will mean millions of new patients paying for drug treatments and medical devices — just the thing to boost profits in the medical sector.

Top 10 Tech Stocks To Watch For 2019: Datawatch Corporation(DWCH)

Advisors' Opinion:

• [By Lisa Levin]

  On Thursday, the information technology shares surged 0.29 percent. Meanwhile, top gainers in the sector included Keysight Technologies, Inc. (NYSE: KEYS), up 12 percent, and Datawatch Corporation (NASDAQ: DWCH) up 6 percent.

Top 10 Tech Stocks To Watch For 2019: Dover Corporation(DOV)

Advisors' Opinion:

• [By Joseph Griffin]

  Nomura Asset Management Co. Ltd. boosted its position in shares of Dover Co. (NYSE:DOV) by 13.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,971 shares of the industrial products company’s stock after acquiring an additional 3,567 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dover were worth $2,944,000 at the end of the most recent quarter.

• [By Neha Chamaria]

  In terms of dividend growth, only four of the above stocks -- 3M, Colgate-Palmolive, Coca-Cola, and Procter & Gamble -- feature among the 10 fastest dividend-growth kings. In other words, there are six other stocks from the dividend kings list that have grown their dividends at a faster pace than most stocks in the above table in the past decade, some even at double-digits.��

  Six top dividend kings by dividend growth Dividend King 10-Year Dividend CAGR Current Dividend Yield Payout Ratio (TTM) Lowe's Companies� 18.5% 2% 34.5% Hormel Foods� 16.3% 2.1% 39.2% Parker-Hannifin Corp�(NYSE:PH) 14% 1.7% 35.2% Nordson Corporation� 12.2% 0.9% 13.3% Dover Corp (NYSE:DOV) 9% 2% 37.4% American States Water�(NYSE:AWR) 7.6% 1.9% 54.8%

  TTM: Trailing 12 months. Data sources: YCharts and Yahoo! Finance. Table by author.

• [By Neha Chamaria]

  The first list of Dividend Aristocrats published in 1989 comprised 26 stocks. Remarkably, nine of the 26 stocks are still part of the Dividend Aristocrat group.

  Dividend Aristocrat No. of Years of Consecutive Dividend Increases Payout Ratio (Last 12 Months) Current Dividend Yield Colgate-Palmolive Company (NYSE: CL) 55 67.6% 2.7% Dover Corp. (NYSE: DOV) 62 37.4% 2% Emerson Electric�(NYSE: EMR) 60 69% 2.62% Genuine Parts Company�(NYSE: GPC) 62 62.7% 3.12% Johnson & Johnson�(NYSE: JNJ) 55 724.9% 2.57% Coca-Cola�(NYSE: KO) 55 440.7% 3.5% Lowe's Companies�(NYSE: LOW) 55 37.4% 1.97% 3M Company�(NYSE: MMM) 60 70.4% 2.65% Procter & Gamble�(NYSE: PG) 62 72.2% 3.94%

  Data source: S&P Global Market Intelligence, company financials, Yahoo Finance. Table by author.�

• [By Joseph Griffin]

  Robeco Institutional Asset Management B.V. raised its stake in Dover Co. (NYSE:DOV) by 148.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,483 shares of the industrial products company’s stock after buying an additional 24,766 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dover were worth $4,075,000 at the end of the most recent quarter.

Top 10 Tech Stocks To Watch For 2019: Arc Wireless Solutions Inc.(ARCW)

Advisors' Opinion:

• [By Max Byerly]

  CIRCOR International (NYSE: CIR) and ARC Group WorldWide (NASDAQ:ARCW) are both small-cap industrial products companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, earnings, dividends, valuation, profitability and institutional ownership.

• [By Ethan Ryder]

  Watts Water Technologies (NYSE: WTS) and ARC Group WorldWide (NASDAQ:ARCW) are both computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, profitability, institutional ownership, earnings, valuation, dividends and analyst recommendations.

• [By Shane Hupp]

  Barnes Group (NYSE: B) and ARC Group WorldWide (NASDAQ:ARCW) are both industrial products companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation and profitability.

• [By Joseph Griffin]

  News articles about ARC Group WorldWide (NASDAQ:ARCW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ARC Group WorldWide earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.8235732272447 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Top 10 Tech Stocks To Watch For 2019: Castlight Health, inc.(CSLT)

Advisors' Opinion:

• [By Max Byerly]

  Get a free copy of the Zacks research report on Castlight Health (CSLT)

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

• [By Max Byerly]

  Zendesk (NYSE: ZEN) and Castlight Health (NYSE:CSLT) are both computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, risk, earnings, profitability, valuation, analyst recommendations and institutional ownership.

Top 10 Tech Stocks To Watch For 2019: Equinix Inc.(EQIX)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Equinix (EQIX)

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

• [By Stephan Byrd]

  Princeton Portfolio Strategies Group LLC purchased a new stake in shares of Equinix Inc (NASDAQ:EQIX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,888 shares of the financial services provider’s stock, valued at approximately $3,716,000.

• [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 Max Byerly]

  Front Row Advisors LLC increased its position in Equinix Inc (NASDAQ:EQIX) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,175 shares of the financial services provider’s stock after buying an additional 150 shares during the quarter. Front Row Advisors LLC’s holdings in Equinix were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

• [By Lee Jackson]

  This is one of the larger capitalization companies in the data center industry. 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 Shane Hupp]

  Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

  Get Equinix alerts: Equinix Inc (EQIX) Insider Charles J. Meyers Sells 400 Shares (americanbankingnews.com) Equinix Selects AT&T as 2018 Americas Partner of the Year (finance.yahoo.com) Equinix Inc (EQIX) Expected to Post Quarterly Sales of $1.26 Billion (americanbankingnews.com) Zacks: Analysts Anticipate Equinix Inc (EQIX) Will Announce Earnings of $5.10 Per Share (americanbankingnews.com) NetActuate Deployment to Equinix SP3 IBX庐 Data Center in Brazil Brings Faster Connections and New Services in … (benzinga.com)

  Several research analysts have commented on the stock. BidaskClub downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Credit Suisse Group set a $525.00 price objective on shares of Equinix and gave the company a “buy” rating in a research report on Thursday, May 31st. Deutsche Bank lowered their price objective on shares of Equinix from $550.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, May 31st. ValuEngine downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $504.29.

Top 10 Tech Stocks To Watch For 2019: LookSmart Ltd.(LOOK)

Advisors' Opinion:

• [By Shane Hupp]

  Peel Hunt reissued their buy rating on shares of Lookers (LON:LOOK) in a research note issued to investors on Wednesday morning.

  A number of other equities analysts also recently weighed in on the stock. Numis Securities reaffirmed a buy rating and issued a GBX 130 ($1.76) price target on shares of Lookers in a research note on Wednesday, March 7th. JPMorgan Chase upped their price target on shares of Lookers from GBX 109 ($1.48) to GBX 130 ($1.76) and gave the stock an overweight rating in a research note on Thursday, March 8th. Liberum Capital reaffirmed a buy rating and issued a GBX 145 ($1.97) price target on shares of Lookers in a research note on Wednesday, March 7th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 146 ($1.98) price target on shares of Lookers in a research note on Monday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Lookers has an average rating of Buy and an average price target of GBX 137.71 ($1.87).

Top 10 Tech Stocks To Watch For 2019: Nuance Communications Inc.(NUAN)

Advisors' Opinion:

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers MDC Partners Inc. (NASDAQ: MDCA) fell 23.4 percent to $5.25 in pre-market trading after a first-quarter earnings miss. Hudson Technologies Inc. (NASDAQ: HDSN) shares fell 15.1 percent to $3.48 in pre-market trading after the company reported downbeat Q1 earnings. Nuance Communications, Inc. (NASDAQ: NUAN) fell 14 percent to $13.15 in pre-market trading after the company posted downbeat Q2 earnings and lowered FY18 organic growth guidance. Myomo, Inc. (NYSE: MYO) fell 13.2 percent to $3.10 in pre-market trading after reporting downbeat quarterly results. Rowan Companies plc (NYSE: RDC) shares fell 10.7 percent to $14.13 in pre-market trading after climbing 8.50 percent on Wednesday. BT Group plc (NYSE: BT) fell 9 percent to $14.80 in pre-market trading after the company reported Q4 results and announced plans to cut 13,000 jobs over the next three years. Exelixis, Inc. (NASDAQ: EXEL) fell 8.3 percent to $19.90 in pre-market trading after the company disclosed that IMblaze370 Phase 3 pivotal trial of atezolizumab and cobimetinib in patients with heavily pretreated locally advanced or metastatic colorectal cancer did not meet primary endpoint. Infinera Corporation (NASDAQ: INFN) fell 8.2 percent to $10.80 in pre-market trading after reporting Q1 results. Synaptics, Incorporated (NASDAQ: SYNA) shares fell 7.4 percent to $43.00 in pre-market trading. Synaptics reported better-than-expected earnings for its third quarter, while sales missed estimates. Randgold Resources Limited (NASDAQ: GOLD) shares fell 7.4 percent to $76.23 in pre-market trading after reporting Q1 earnings. Integra LifeSciences Holdings Corporation (NASDAQ: IART) shares fell 7 percent to $59.36 in pre-market trading. Integra LifeSciences priced its 5.25 million share public offering of common stock at $58.50 per share. Array BioPharma Inc. (NASDAQ: ARRY) shares fell 6.9 percent to $12.75 in pre-m
• [By Ethan Ryder]

  Nuance Communications (NASDAQ:NUAN) had its price objective cut by Stifel Nicolaus from $18.00 to $15.00 in a report issued on Thursday. The brokerage currently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.03% from the company’s current price.

• [By Paul Ausick]

  Nuance Communications Inc. (NASDAQ: NUAN) dropped about 20% Thursday to post a new 52-week low of $12.19. Shares closed at $15.28 on Wednesday and the stock’s 52-week high is $19.49. Volume of around 19 million shares was about nine times the daily average. The company reported indifferent results Wednesday night but cut its outlook for revenue growth.

Top 10 Tech Stocks To Watch For 2019: Quality Systems, Inc.(QSII)

Advisors' Opinion:

• [By Lisa Levin]

  Shares of Quality Systems, Inc. (NASDAQ: QSII) got a boost, shooting up 14 percent to $17.12 after the company posted better-than-expected FQ4 results.

• [By Lisa Levin]

  Shares of Quality Systems, Inc. (NASDAQ: QSII) got a boost, shooting up 14 percent to $17.08 after the company posted better-than-expected FQ4 results.

• [By Lisa Levin]

   

  Companies Reporting After The Bell Ross Stores, Inc. (NASDAQ: ROST) is projected to post quarterly earnings at $1.07 per share on revenue of $3.54 billion. Autodesk, Inc. (NASDAQ: ADSK) is expected to post quarterly earnings at $0.03 per share on revenue of $557.65 million. Gap, Inc. (NYSE: GPS) is projected to post quarterly earnings at $0.46 per share on revenue of $3.60 billion. Quality Systems, Inc. (NASDAQ: QSII) is estimated to post quarterly earnings at $0.13 per share on revenue of $131.95 million. Splunk Inc. (NASDAQ: SPLK) is expected to post quarterly loss at $0.09 per share on revenue of $297.67 million. Shoe Carnival, Inc. (NASDAQ: SCVL) is projected to post quarterly earnings at $0.71 per share on revenue of $262.02 million. Deckers Outdoor Corporation (NYSE: DECK) is expected to post quarterly earnings at $0.19 per share on revenue of $375.41 million. Zoe's Kitchen, Inc. (NYSE: ZOES) is estimated to post quarterly loss at $0.01 per share on revenue of $105.30 million. DXC Technology Company (NYSE: DXC) is expected to post quarterly earnings at $2.23 per share on revenue of $6.12 billion. 8x8, Inc. (NASDAQ: EGHT) is estimated to post quarterly loss at $0.05 per share on revenue of $76.93 million. Viasat, Inc. (NASDAQ: VSAT) is projected to post quarterly loss at $0.45 per share on revenue of $424.46 million. ePlus inc. (NASDAQ: PLUS) is estimated to post quarterly earnings at $1.01 per share on revenue of $1.60 billion. Lions Gate Entertainment Corp. (NYSE: LGF.A) is expected to post quarterly loss at $0.04 per share on revenue of $1.04 billion. Agilysys, Inc. (NASDAQ: AGYS) is estimated to post quarterly loss at $0.08 per share on revenue of $32.58 million. Nutanix, Inc. (NASDAQ: NTNX) is estimated to post quarterly loss at $0.19 per share on revenue of $278.98 million. Veeva Systems Inc. (NYSE: VEEV) is projected to post quarterly earnings at $0.31 per share on revenue
• [By Dan Caplinger]

  The stock market finished the week on a quiet note, with most major benchmarks closing slightly lower on the day. Investors went into the weekend trying to navigate a series of geopolitical and macroeconomic issues, but many market participants focused on the big plunge in the oil market, where crude prices dropped $3 per barrel to fall below the $68-per-barrel mark. Even with trading activity slow preceding the holiday weekend, good news sent shares of some companies higher. Roku (NASDAQ:ROKU), Shoe Carnival (NASDAQ:SCVL), and Quality Systems (NASDAQ:QSII) were among the best performers on the day. Here's why they did so well.

Top 10 Tech Stocks To Watch For 2019: Internet Initiative Japan Inc.(IIJI)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Internet Initiative Japan (IIJI)

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

Top 10 Tech Stocks To Watch For 2019: SK Telecom Corporation Ltd.(SKM)

Advisors' Opinion:

• [By Max Byerly]

  Skrumble Network (CURRENCY:SKM) traded 1.3% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on June 15th. One Skrumble Network token can currently be purchased for about $0.0301 or 0.00000461 BTC on exchanges including IDEX, EtherDelta (ForkDelta), Hotbit and DDEX. During the last week, Skrumble Network has traded 49.9% lower against the U.S. dollar. Skrumble Network has a total market capitalization of $0.00 and $8.48 million worth of Skrumble Network was traded on exchanges in the last 24 hours.

• [By Joseph Griffin]

  Skrumble Network (CURRENCY:SKM) traded 0.8% higher against the US dollar during the 1 day period ending at 20:00 PM Eastern on June 23rd. In the last week, Skrumble Network has traded down 14.6% against the US dollar. One Skrumble Network token can currently be bought for about $0.0259 or 0.00000419 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta), Hotbit, DDEX and Gate.io. Skrumble Network has a market capitalization of $0.00 and approximately $6.34 million worth of Skrumble Network was traded on exchanges in the last 24 hours.

• [By Ethan Ryder]

  VEON (NASDAQ: VEON) and SK Telecom (NYSE:SKM) are both utilities companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, valuation, risk, profitability and institutional ownership.

• [By Joseph Griffin]

  SK Telecom (NYSE:SKM) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.

  SUMMIT THERAPEU/S (NASDAQ:SMMT) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.

PROUD Money Reaches Market Cap of $0.00 (PROUD)

PROUD Money (CURRENCY:PROUD) traded 1.1% lower against the dollar during the twenty-four hour period ending at 17:00 PM Eastern on July 9th. PROUD Money has a total market cap of $0.00 and approximately $2.00 worth of PROUD Money was traded on exchanges in the last 24 hours. In the last week, PROUD Money has traded up 20.9% against the dollar. One PROUD Money coin can currently be purchased for approximately $0.0199 or 0.00000297 BTC on major exchanges including Cryptopia and Crex24.

Here is how other cryptocurrencies have performed in the last 24 hours:

Get PROUD Money alerts: Dash (DASH) traded 4.3% lower against the dollar and now trades at $235.45 or 0.03515100 BTC. Enigma (ENG) traded down 7.1% against the dollar and now trades at $1.35 or 0.00020211 BTC. CPChain (CPC) traded 4.7% lower against the dollar and now trades at $0.0679 or 0.00001014 BTC. I/O Coin (IOC) traded 7.7% lower against the dollar and now trades at $0.48 or 0.00007201 BTC. ATMChain (ATM) traded down 8.7% against the dollar and now trades at $0.0013 or 0.00000020 BTC. PinkCoin (PINK) traded 28.6% higher against the dollar and now trades at $0.0158 or 0.00000236 BTC. BitSend (BSD) traded down 2.7% against the dollar and now trades at $0.28 or 0.00004112 BTC. EuropeCoin (ERC) traded down 0.8% against the dollar and now trades at $0.29 or 0.00004300 BTC. Memetic / PepeCoin (MEME) traded 0.6% lower against the dollar and now trades at $0.0931 or 0.00001390 BTC. B3Coin (KB3) traded down 3.8% against the dollar and now trades at $0.0028 or 0.00000042 BTC.

About PROUD Money

PROUD Money (PROUD) is a PoW/PoS coin that uses the X11 hashing algorithm. It launched on September 14th, 2016. PROUD Money’s total supply is 5,711,511,682 coins. The official website for PROUD Money is www.proud.money. PROUD Money’s official Twitter account is @PROUDmoneyWorld.

PROUD Money Coin Trading

PROUD Money can be traded on the following cryptocurrency exchanges: Cryptopia and Crex24. It is usually not presently possible to purchase alternative cryptocurrencies such as PROUD Money directly using US dollars. Investors seeking to trade PROUD Money should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PROUD Money using one of the exchanges listed above.

Somewhat Positive Press Coverage Somewhat Unlikely to Impact Builders FirstSource (BLDR) Stock Price

Media stories about Builders FirstSource (NASDAQ:BLDR) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Builders FirstSource earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.258630875835 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Get Builders FirstSource alerts: Is It Time To Hold Stock? Builders FirstSource, Inc. (BLDR) (nysewired.com) Intraday Industrial Goods Mover: Builders FirstSource, Inc. (BLDR) (stockdigest.info) Stock’s Financial Statistics�� Builders FirstSource, Inc. (BLDR) (stockmarketstop.com) Builders FirstSource Inc. – Receive News & Ratings Daily (thecasualsmart.com) Enthralling Stocks: Builders FirstSource, Inc., (NASDAQ: BLDR), Avnet, Inc., (NASDAQ: AVT) (globalexportlines.com)

Several analysts recently issued reports on BLDR shares. BidaskClub lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Zacks Investment Research lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of Builders FirstSource in a research report on Thursday, May 10th. Finally, ValuEngine lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.88.

NASDAQ BLDR traded up $0.01 during mid-day trading on Thursday, reaching $18.39. 32,424 shares of the stock were exchanged, compared to its average volume of 895,594. Builders FirstSource has a one year low of $14.39 and a one year high of $23.28. The company has a market capitalization of $2.11 billion, a PE ratio of 14.48 and a beta of 2.02. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 4.81.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. Builders FirstSource had a net margin of 0.81% and a return on equity of 41.83%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.11 earnings per share. Builders FirstSource’s quarterly revenue was up 10.9% on a year-over-year basis. equities analysts expect that Builders FirstSource will post 1.87 earnings per share for the current fiscal year.

In other Builders FirstSource news, Director Brett N. Milgrim sold 34,930 shares of Builders FirstSource stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $19.57, for a total value of $683,580.10. Following the completion of the sale, the director now directly owns 60,265 shares of the company’s stock, valued at $1,179,386.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Floyd F. Sherman sold 50,000 shares of Builders FirstSource stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total transaction of $1,010,500.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Brokerages Set Sanderson Farms, Inc. (SAFM) PT at $111.75

Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $111.75.

SAFM has been the topic of several research analyst reports. Buckingham Research cut their price objective on Sanderson Farms from $111.00 to $104.00 and set a “hold” rating on the stock in a report on Wednesday, April 11th. Barclays reiterated a “hold” rating and issued a $110.00 price objective on shares of Sanderson Farms in a report on Friday, May 25th. Zacks Investment Research downgraded Sanderson Farms from a “hold” rating to a “sell” rating in a report on Saturday, May 19th. BidaskClub upgraded Sanderson Farms from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. Finally, JPMorgan Chase & Co. cut their price objective on Sanderson Farms from $110.00 to $89.00 and set an “underweight” rating on the stock in a report on Friday, June 1st.

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Shares of SAFM stock traded up $0.93 on Monday, hitting $104.32. The stock had a trading volume of 2,607 shares, compared to its average volume of 536,517. The company has a market capitalization of $2.36 billion, a PE ratio of 8.47 and a beta of 0.39. Sanderson Farms has a 1 year low of $96.80 and a 1 year high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, May 24th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by ($0.67). The firm had revenue of $813.50 million during the quarter, compared to analysts’ expectations of $839.64 million. Sanderson Farms had a net margin of 8.20% and a return on equity of 16.79%. Sanderson Farms’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. sell-side analysts expect that Sanderson Farms will post 7.55 EPS for the current fiscal year.

Sanderson Farms announced that its Board of Directors has authorized a stock buyback program on Thursday, May 31st that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Sanderson Farms by 2.3% during the 1st quarter. BlackRock Inc. now owns 2,243,330 shares of the company’s stock worth $267,000,000 after acquiring an additional 49,464 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sanderson Farms by 39.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,789,817 shares of the company’s stock worth $248,391,000 after acquiring an additional 501,917 shares in the last quarter. LSV Asset Management boosted its position in shares of Sanderson Farms by 1.3% during the 1st quarter. LSV Asset Management now owns 1,153,016 shares of the company’s stock worth $137,231,000 after acquiring an additional 15,100 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Sanderson Farms by 6.4% during the 1st quarter. Allianz Asset Management GmbH now owns 417,085 shares of the company’s stock worth $49,642,000 after acquiring an additional 24,990 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Sanderson Farms by 6.6% during the 1st quarter. Wells Fargo & Company MN now owns 341,435 shares of the company’s stock worth $40,637,000 after acquiring an additional 21,270 shares in the last quarter.

Sanderson Farms Company Profile

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken in the export markets.

Investors Buy Walmart (WMT) on Weakness

Traders purchased shares of Walmart Inc (NYSE:WMT) on weakness during trading hours on Monday. $179.17 million flowed into the stock on the tick-up and $97.82 million flowed out of the stock on the tick-down, for a money net flow of $81.35 million into the stock. Of all stocks tracked, Walmart had the 8th highest net in-flow for the day. Walmart traded down ($1.65) for the day and closed at $84.00

Several brokerages have commented on WMT. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research note on Monday, April 30th. Royal Bank of Canada restated a “neutral” rating and issued a $103.00 target price on shares of Walmart in a research note on Monday, April 30th. Finally, Guggenheim restated a “buy” rating on shares of Walmart in a research note on Monday, April 30th. Twenty analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.53.

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The firm has a market cap of $253.73 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.63 and a beta of 0.52. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. Walmart’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. analysts anticipate that Walmart Inc will post 4.83 EPS for the current year.

In other Walmart news, Director S Robson Walton sold 1,190,271 shares of Walmart stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $84.65, for a total value of $100,756,440.15. Following the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at approximately $283,345,051.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,499,270 shares of Walmart stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $572,684,498.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,792,256 shares of company stock worth $740,486,626. 51.11% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Cibc Bank USA purchased a new position in Walmart in the 2nd quarter worth approximately $1,458,000. Neville Rodie & Shaw Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $799,000. Mount Yale Investment Advisors LLC purchased a new position in Walmart in the 1st quarter worth approximately $6,074,000. Greenline Partners LLC increased its stake in Walmart by 10.0% in the 1st quarter. Greenline Partners LLC now owns 32,490 shares of the retailer’s stock worth $2,891,000 after purchasing an additional 2,944 shares during the period. Finally, Menora Mivtachim Holdings LTD. purchased a new position in Walmart in the 1st quarter worth approximately $17,349,000. 29.66% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.