Speculation that Herbalife (HLF) has reached a deal with the FTC sent its shares higher earlier today, but comment by Fox Business News’ Charlie Gasparino that the speculation was “not true” caused them to give back much of those gains.
It was a quiet morning for Herbalife shares, that is, until the New York Post reported at 11:37 a.m. today that the multi-level marketer had reached an agreement in principal with the FTC to end an investigation of its business practices. Shares shot up as much as 8.5%. Then Gasparino tweeted that he’d talked to Herbalife and it had said that thereport was “not true” (although no one seems to deny that a deal is close). Since then shares have fallen to $62.35, down 3.3% from their high, but still up 4.9% on the day.
Will a deal get done? Heck if I know. But I do know that a deal would not be good news for Bill Ackman.
Best Safest Stocks To Buy Right Now: Costco Wholesale Corporation(COST)
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities. The company’s product categories include candy, snack foods, tobacco, alcoholic and non-alcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, office supplies, garden and patio, sporting goods, toys, seasonal items, and automotive supplies; dry and institutionally packaged foods; apparel, domestics, jewelry, house wares, media, home furnishings, cameras, and small appliances; meat, bakery, deli, and produce; and gas stations, pharmacy, food court, optical, one-hour photo, hearing aid, and travel. It also provides business and gold star (individual) membership services. As of April 26, 2011, the company operated 581 warehouses, including 425 in the United States and Puerto Rico, 80 in Canada, 22 in the Uni ted Kingdom, 7 in Korea, 6 in Taiwan, 8 in Japan, 1 in Australia, and 32 in Mexico. It also has Costco Online, an electronic commerce Web site, at costco.com in the United States and at costco.ca in Canada. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
- [By Lawrence Meyers]
As a convenience store, it doesn’t have direct competition fromDollar Tree (DLTR) or Family Dollar (FDO) because these dollar stores arent exclusively focused on food (and they have no gasoline or cigarette sales), and theyre targeted at the folks who are trying to save money over convenience, not vice versa. The convenience angle is another reason whyWalmart (WMT) and Costco (COST)aren’t competitors, since those behemoths are about a total shopping experience.
- [By Monica Gerson]
Analysts are expecting Costco Wholesale Corporation (NASDAQ: COST) to have earned $1.22 per share on revenue of $27.09 billion in the latest quarter. Costco shares gained 0.27 percent to $142.95 in after-hours trading.
- [By Ben Levisohn]
Shares of American Express have gained 1% to $65.69 at $11:37 a.m. today, while Costco Wholesale (COST) has dropped 0.9% to $151.40, and JetBlue Airways (JBLU) is off 2.4% at $20.48.
Best Safest Stocks To Buy Right Now: Atlantic Power Corporation(AT)
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate. Atlantic Power’s power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,140 megawatts (MW), in which its aggregate ownership interest is approximately 1,500 MW. The Company’s portfolio consists of interests in approximately 20 operational power generation projects across over nine states in the United States and approximately two provinces in Canada. The Company’s power generation projects are primarily located in California, the United States Mid-Atlantic, New York and the provinces of Ontario and British Columbia. Advisors’ Opinion:
- [By Lisa Levin]
In trading on Monday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Atlantic Power Corp (NYSE: AT), down 2 percent, and Pampa Energia S.A. (ADR) (NYSE: PAM), down 4 percent.
- [By Lisa Levin] Related WR Earnings Scheduled For February 24, 2016 Mid-Day Market Update: Ocata Therapeutics Climbs On Acquisition News; Textura Shares Slip Related AT Mid-Morning Market Update: Markets Open Higher; Tiffany Misses Q2 Expectations PVH Corp, Atlantic Power, Carlyle Group Lead Monday's After-Hours Movers Atlantic Power's (AT) CEO Jim Moore on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha)
Toward the end of trading Thursday, the Dow traded down 0.24 percent to 16,960.40 while the NASDAQ declined 0.38 percent to 4,656.49. The S&P also fell, dropping 0.17 percent to 1,985.91.
10 Best India Stocks For 2016: Navios Maritime Holdings Inc.(NM)
Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company. It focuses on the transportation and transshipment of dry bulk commodities, including iron ore, coal, and grains. It operates in two segments, Dry bulk Vessel Operations and Logistics Business. The Dry bulk Vessel Operations segment engages in the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements. This segment charters its vessels to trading houses, producers, and government-owned entities. The Logistics Business segment operates ports and transfer station terminals; handles vessels, barges, and push boats; and operates upriver transport facilities in the Hidrovia region. This segment provides its integrated transportation, storage, and related services through its port facilities, fleet of dry and liquid cargo barges, and product tankers to mineral and grain commodity providers, as well as users of refined petroleum products. The companys fleet consists of 66 vessels totaling 6.6 million deadweight tons. It operates in North America, Europe, Asia, South America, and internationally. Navios Maritime Holdings Inc. is based in Monte Carlo, Monaco.
- [By Monica Gerson]
Navios Maritime Holdings Inc. (NYSE: NM) is expected to report a quarterly loss at $0.37 per share on revenue of $101.51 million.
Pure Storage Inc (NYSE: PSTG) is estimated to post a quarterly loss at $0.23 per share on revenue of $138.13 million.
Best Safest Stocks To Buy Right Now: Lifetime Brands Inc.(LCUT)
Lifetime Brands Inc. designs, sources, and sells branded kitchenware, tabletop, and other products primarily in the United States. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, bakeware, and cookware; and tabletop products, such as dinnerware, flatware, and glassware. The company also provides home solutions that comprise products, such as food storage, pantry ware, spices, and home dcor products. In addition, it manufactures sterling silver products. The company owns or licenses various brands, including Farberware, Mikasa, KitchenAid, Pfaltzgraff, Cuisinart, Elements, Melannco, Wallace Silversmiths, Kamenstein, Pedrini, Towle, V&A, and Royal Botanic Gardens Kew. Lifetime Brands Inc. serves mass merchants, specialty stores, national chains, department stores, warehouse clubs, supermarkets, off-price retailers, and Internet retailers, as well as direct consumers through its Pfaltzgraff, Mikasa, Housewares Deals, and Lifetim e Sterling Internet Websites. The company was founded in 1945 and is headquartered in Garden City, New York.
- [By Lisa Levin]
On Monday, cyclical consumer goods & services shares gained by 0.41 percent. Top gainers in the sector included Kandi Technologies Group Inc (NASDAQ: KNDI), Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT), and Lifetime Brands Inc (NASDAQ: LCUT).
Best Safest Stocks To Buy Right Now: Nomura Holdings Inc ADR(NMR)
Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations. As of March 31, 2015, this segment operated a network of 159 branches. The Asset Management segment is involved in the development and management of investment trusts, which offers low risk/low return products and high risk/high return products, as well as products for various investor needs; and provision of investment advisory services to public pension funds, private pension funds, governments and their agencies, central banks, and institutional investors. The Wholesale segment engages in the research, sale, trading, and market-making of fixed income and equity-related products. I t is also involved in underwriting various securities and other financial instruments, which include various stocks, convertible and exchangeable securities, investment grade debt, sovereign and emerging market debt, high yield debt, structured securities, and other securities; arranging private placements, as well as other capital raising activities; and the provision of financial advisory services on business transactions, including mergers and acquisitions, divestitures, spin-offs, capital structuring, corporate defense activities, leveraged buyouts, and risk solutions. In addition, this segment offers various financial instruments, such as equity securities, debt securities, investment trusts, and variable annuity insurance products for the short, medium, and long-term. The company was formerly known as The Nomura Securities Co., Ltd. and changed its name to Nomura Holdings, Inc. in October 2001. Nomura Holdings, Inc. was founded in 1925 and is headquartered in Tokyo, Ja pan.
- [By Maureen Farrell]
Shortly after Lehman declared bankruptcy, Barclays (BCS) paid $1.3 billion for most of the firm’s North American operations, its Times Square headquarters, and about 9,000 employees. Nomura Holdings (NMR) paid roughly $200 million for Lehman’s operations in Asia.
Best Safest Stocks To Buy Right Now: Rowan Companies Inc.(RDC)
Rowan Companies, Inc. provides onshore and offshore oil and gas contract drilling services in the United States and internationally. The company offers its contract drilling services through its fleet of 28 self-elevating mobile offshore drilling platforms and 30 deep-well land drilling rigs. The company was founded in 1923 and is headquartered in Houston, Texas.
- [By Ben Levisohn]
Oh, and offshore drillers got smacked again following earnings from Rowan (RDC) and Atwood Oceanics (ATW).
We highlighted JPMorgan’s argument that the S&P 500, which has been trading like a bond, is headed for a fall, and looked at today’s drop here and here.