Stifel’sLawrence Stavitski andBret Ploucha explain why the earlier-than-expected removal of General Electric’s (GE) SIFI designation is good news for the industrial giant:
While the approval for rescission of SIFI status was generally accepted in substance as a formality given the dramatic reduction of GE capital through asset sales, the timing of the news is positive for GE as it brings the company one step closer to GE’s strategy of becoming a more pure play industrial company, setting the stage for GE’s plan for a 90%/10% Industrial/Financial mix in 2018 and beyond. Further, GE continues to close on GECC asset sales and is well on its way of closing its expected $200 billion worth of asset sales by the end of 2016. We reiterate our Buy rating and $34 target price based on 19x our $1.80 2017E EPS estimate. Please see our revised model as of June 30 attached. GE remains one of our top picks given its high quality defensive nature, solid management execution, and significant aftermarket/service stream revenues.
Best High Tech Stocks To Watch Right Now: Arca Biopharma Inc.(ABIO)
- [By Paul Ausick]
ARCA biopharma Inc. (NASDAQ: ABIO) traded down nearly 80% Monday and posted a new 52-week low of $0.45 after closing Friday at $1.60. The stock’s 52-week high is $2.76. Volume was around 9 million, nearly 40 times the daily average of around 230,000. The company reported a poor result on a phase 2 trial of treatment for a certain kind of heart problem.
Best High Tech Stocks To Watch Right Now: Apple Inc.(AAPL)
- [By Paul Ausick]
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded down 1.33% at $141.26. The stock’s 52-week range is $89.47 to $145.46. Volume was less than 10% above the daily average of around 26.8 million shares. The company had no specific news.
- [By Paul Ausick]
Apple Inc (NASDAQ: AAPL) traded up 3.17% at $172.67. The stock’s 52-week range is $134.84 to $180.10. Volume was around 44.6 million shares, about 40% more than the daily average of about 33.3 million. Research firm Strategy Analytics reported that Apple took more than half of global smartphone sales revenues in the fourth quarter of 2017.
- [By WWW.THESTREET.COM]
Apple’s (AAPL) latest patent details the use of face detection algorithms that can identify different faces in a live video, when people within the frame are scattered around at different distances from the device.
- [By Micheal Brown]
With iOS 10, Apple Inc (AAPL) had taken the unpredicted – and unprecedented – proceed of making the core code of its mobile operating system unencrypted. The precise cause continues to be a mystery, but a source along with knowledge of Apple’s plans proved it was not an attempt to enhance the security of Apple’s software.
The source, who is well known with Apple’s inspiration, told Global Business Times the choice to keep the kernel cache unencrypted concerned “simplifying the OS without having detrimentally affecting security,” and not a bid to help increase the security of the software program as some had speculated. Apple exposed iOS 10 at its yearly programmer conference this month, releasing a preview edition of the software for builders the same day. Following the high-profile battle in between Apple and the FBI above unlocking an apple iphone used by a present shooter in December’s San Bernardino, California, terrorist attack, any new safety measures in the software were usually going to bring in a lot of attention.
Best High Tech Stocks To Watch Right Now: Richmont Mines, Inc.(RIC)
- [By Sally Jones]
Richmont Mines Inc. (RIC)
Down 70% over 12 months, Richmont Mines Inc. has a market cap of $56.23 billion, and trades with a P/B of 0.60.
Best High Tech Stocks To Watch Right Now: Boston Properties, Inc.(BXP)
- [By Stephan Byrd]
St. Johns Investment Management Company LLC reduced its position in Boston Properties (NYSE:BXP) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,745 shares of the real estate investment trust’s stock after selling 625 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Boston Properties were worth $708,000 at the end of the most recent reporting period.
- [By Markus Aarnio]
Owens Realty Mortgage’s competitors include American Assets Trust (AAT), Alexandria Real Estate Equities (ARE) and Boston Properties (BXP). American Assets Trust has seen five insider buy transactions and four insider sell transactions this year. American Assets Trust has a dividend yield of 2.78%. Alexandria Real Estate Equities has seen 14 insider sell transactions this year. Alexandria Real Estate Equities has a dividend yield of 4.10%. Boston Properties has seen one insider buy transaction and four insider sell transactions this year. Boston Properties has a dividend yield of 2.43%.
- [By Paul R. La Monica]
The fund owned big U.S. real estate investment trusts Boston Properties (BXP) and Vornado (VNO), as well as Japan’s Sumitomo Realty, as of the end of last year. REITs are known for their big dividends.