On Tuesday, stocks closed mixed with a preference for small-caps as they took gains in some blue chips and big-cap stocks.
Profit-taking started immediately, with a divergence of better-quality stocks being sold. Banks and other financials fell 1.4% at the close, while technology gained 0.9% and consumer discretionary rose 0.5%. Eight of the eleven sectors of the 500 lost ground. From the election until Monday most investing was based on the expectations that the new administration will increase fiscal spending and lower corporate tax rates. The goal is to raise interest rates, inflation and promote growth.
Yesterday buying slowed slightly, but floor traders said that consolidations are a good sign and that the “reflation trade” will probably resume again. The chief investment officer at Wells Fargo Private Bank was quoted by The Wall Street Journal who said “there’s a level of optimism I haven’t seen in a while.”
Crude oil WTI fell 0.7% at $45.56 per barrel due to an EIA report that crude oil supplies increased by 5.27 million barrels instead of an estimate of 1.48 million.
Best Blue Chip Stocks To Buy For 2018: Sony Corp Ord(SNE)
- [By WWW.THESTREET.COM]
For those who want a general facsimile of the pay-TV bundle and access to the largest broadcast networks, there’s Sling TV from Dish Network (DISH) , DirecTV Now from AT&T (T) and Sony’s (SNE) PlayStation Vue. In the coming weeks, they’ll be joined by Alphabet’s (GOOGL) YouTube TV and a still unnamed pay-TV service from Hulu, the video-on-demand service controlled jointly by Disney, Comcast’s (CMCSA) NBCUniversal and 21st Century Fox (FOXA) , along with Time Warner (TWX) holding a 10% stake.
- [By Joe Tenebruso]
15. To date, Sony (NYSE:SNE) has dominated the console wars, with sales of its PlayStation 4 recently surpassing 53 million units worldwide. That’s more than double the estimated 26 million Xbox One units Microsoft (NASDAQ:MSFT) has sold, and triple the 15 million Wii U units sold by Nintendo (NASDAQOTH:NTDOY), according to research companySuperData.
- [By Leo Sun]
By comparison, Sony (NYSE:SNE) was expected to sell about 2.6 million PlayStation VRs, and Samsung (NASDAQOTH:SSNLF) was expected to sell 2.3 million Gear VRs. Even Google’s new Daydream platform was projected to fuel sales of 450,000 compatible handsets. Those numbers clearly indicate that consumer demand for cheaper devices linked to smartphones or gaming consoles could continue outselling higher-end devices tethered to pricier PCs — which would be bad news for Oculus.
- [By Jayson Derrick]
One of Beneche’s top global picks is Sony Corp (ADR) (NYSE: SNE). The Japan-based company has “dramatically” changed over the past few years from operating divisions that deliver losses in mobile, PC and TV to now making profits in “great” franchises such as PlayStation and music with plenty of secular drivers ahead.
Best Blue Chip Stocks To Buy For 2018: Callon Petroleum Company(CPE)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday’s regular session.
Best Blue Chip Stocks To Buy For 2018: Pharmerica Corporation(PMC)
- [By Monica Gerson]
PharMerica Corporation (NYSE: PMC) is estimated to report its quarterly earnings at $0.43 per share on revenue of $509.45 million.
United States Cellular Corp (NYSE: USM) is projected to report its quarterly earnings at $0.26 per share on revenue of $975.54 million.
Best Blue Chip Stocks To Buy For 2018: ARMOUR Residential REIT, Inc.(ARR)
- [By Amanda Alix]
It was just about one year ago that QE3 made its debut, and mortgage REITs, particularly agency-only players like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) began moaning about the increased competition for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.
- [By Lee Jackson]
These companies also reported insider buying last week: Armour Residential REIT Inc. (NYSE: ARR), Ducommun Inc. (NYSE: DCO), PJT Partners Inc. (NYSE; PJT), Sonic Automotive Inc. (NYSE: SAH)and Tandy Leather Factory Inc. (NASDAQ: TLF).
- [By Amanda Alix]
This development will likely give battered mREITs like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) a huge boost as investors begin to feel less panic regarding a tapering of the current QE3 program. Markets have responded to the Summers announcement by soaring skyward, apparently feeling relief and confidence about the fate of the taper.
Best Blue Chip Stocks To Buy For 2018: Insulet Corporation(PODD)
- [By Peter Graham]
A long term performance chart shows MannKind Corporation peaking in 2014 before falling below the more steady performance of diabetes or insulin stocks like large cap Novo Nordisk A/S (NYSE: NVO) and small cap Insulet Corporation (NASDAQ: PODD):
- [By Chris Lange]
Insulet Corp. (NASDAQ: PODD) released its most recent earnings report after the markets closed on Wednesday. The company posted a net loss of $0.12 per share on $130.5 million in revenue, versus consensus estimates that called for a net loss of $0.08 per share on $125.3 million in revenue. Analysts weighed in on the firm:
- [By Brian Feroldi]
Shares of Insulet Corporation(NASDAQ:PODD), a medical device company primarily focused on diabetes,rose by as much as 11% in afternoon trading on Friday.
- [By Peter Graham]
A long term performance chart shows MannKind Corporation having once been a highflyerwhile the performance of large cap insulin and diabetes stockNovo Nordisk A/S (NYSE: NVO) has fallen off and small cap Insulet Corporation (NASDAQ: PODD) has actually performed better: