General Electric Co. (NYSE: GE) spent the final 24 weeks of 2017 as the worst-performing stock among the 30 equities included in the Dow Jones Industrial Average (DJIA). Yet, at the end of the first week of trading in 2018, GE ranks as the top performer among the Dow 30, after posting a share price gain of 6.25% ($1.04 per share).
The second-best performer for among the Dow 30 this past week is International Business Machines Corp. (NYSE: IBM), 2017’s second-worst performer, which posted a gain of 5.91% in the week. DowDuPont Inc. (NYSE: DWDP) added 5.9%, and Boeing Co. (NYSE: BA), last year’s big winner, added another 4.72% during the first week of 2018.
The Dow posted an all-time high of 25,299.79 on Friday and closed the week at 25,295.87. The index gained about 1.9% in the first week of the year.
Are investors buying GE shares again because they’re so cheap or because all of a sudden they have become true believers in CEO John Flannery’s turnaround program? Here’s something to consider from our report last week on the bull/bear case for GE:
day trading courses: California Grapes International, Inc. (CAGR)
- [By SEEKINGALPHA.COM]
It is hard to fully wrap your hands around the potential market opportunity that Accenture will have in the years ahead but I believe that the opportunities are almost endless (dramatic, I know). For example, consider these forecasts that Forbes detailed in its “2017 Roundup Of Internet Of Things Forecast” report:
According to Bain, “B2B IoT segments will generate more than $300B annually by 2020, including about $85B in the industrial sector”. According to PwC, “$6T will be spent on IoT solutions between 2015 and 2020”. According to Accenture, “Industrial Internet Of Things could add $14.2T to the economy by 2020”. According to Statista, “The global Internet of Things (IoT) market is projected to grow from $2.99T in 2014 to $8.9T in 2020, attaining a 19.92% Compound Annual Growth Rate (OTCPK:CAGR). Industrial manufacturing is predicted to increase from $472B in 2014 to $890B in global IoT spending. Healthcare and life sciences are projected to increase from $520B in 2014 to $1.335T in 2020, attaining a 17% CAGR”.
The forecasts compiled by Forbes are all over the place but one thing is consistent, that is, the growth potential for IoT (and the sub-industries) is real. Connected things are expected to experience significant growth and I believe that it is hard to deny that digital will play a key role in the future growth of the global economy.
day trading courses: Lands' End, Inc.(LE)
- [By Max Byerly]
Lands’ End (NASDAQ:LE) CMO Gill Brown Hong bought 1,525 shares of the company’s stock in a transaction on Friday, April 13th. The shares were bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the completion of the transaction, the chief marketing officer now owns 3,425 shares of the company’s stock, valued at $76,035. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
day trading courses: International Business Machines Corporation(IBM)
- [By Chris Neiger, Nicholas Rossolillo, and Rich Duprey]
Chris Neiger (IBM): Investors who are looking for a stock that has a strong dividend, with decades of annual increases,and that’s trading at a discount may want to consider IBM. The tech company pays its shareholders a dividend yield of 3.8% right now, it has a solid 22-year track record of raising it, and its shares trade at just 10.5 times the company’s forward earnings.
- [By Benzinga News Desk]
Gold and diamond companies including Berkshire Hathaway’s Richline Group Inc joined with IBM (NYSE: IBM) to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday: Link
- [By ]
Some of the larger companies that have begun incorporating blockchain into their industries include:
Overstock.com (OSTK) , once a retail company, has become one of the biggest blockchain options on the stock market. The company has developed tZERO, a cryptocurrency and blockchain-based registry that complies with the regulations of the U.S. Securities & Exchange Commission. IBM (IBM) has developed blockchain technology that they are using with a large variety of partners in a large variety of industries. One example is their partnership with food retailers, most notably Walmart, to help quickly, efficiently, and securely track the supply chain to help ensure ideal food safety. They have also partnered with Maersk to work on a blockchain platform for global trade. Hitachi (HTHIF) , the Japanese conglomerate that has worked on social infrastructure and IT systems, among other industries, has begun dabbling in blockchain. It has released reports about how it believes the technology can positively impact the financial sector, and how it could potentially be used to create new services for businesses.
There are also ETFs that one can invest in that hold a number of stocks related to blockchain. For example, the Reality Shares Nasdaq NextGen Economy ETF (BLCN) holds stocks in all of the examples above, as well as Intel (INTC) and Cisco Systems (CSCO) .
day trading courses: New York & Company Inc.(NWY)
- [By Money Morning Staff Reports]
After looking at this week’s penny stock gainers, we’ll give you that leg up with one of our top-rated penny stocks from our proprietary stock ranking system…
Penny Stock Current Share Price (March 26) Last Week’s Gain
Cartesian Inc. (OTCMKTS: CRTN) $0.39 170.69%
Odyssey Marine Exploration Inc. (Nasdaq: OMEX) $8.76 135.90%
iFresh Inc. (Nasdaq: IFMK) $8.25 64.64%
China Auto Logistics Inc. (Nasdaq: CALI) $4.68 47.43%
National American University Holdings Inc. (Nasdaq: NAUH) $1.20 39.29%
Document Security Systems Inc. (NYSE: DSS) $1.58 33.91%
Blonder Tongue Labs Inc. (NYSE: BDR) $0.77 33.90%
CareDx Inc. (Nasdaq: CDNA) $7.49 29.88%
Mediwound Ltd. (Nasdaq: MDWD) $5.10 26.51%
New York & Co. Inc. (NYSE: NWY) $3.37 26.35%
Don’t Miss This Shot at a $78,000 Windfall: This tiny firm is about to make the entire world wire-free. As its game-changing technology revolutionizes the global power structure, its stock could hand investors a massive return. Learn more…
day trading courses: Student Transportation Inc(STB)
- [By Logan Wallace]
Get a free copy of the Zacks research report on Student Transportation (STB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By ]
One of the main goals of my premium newsletter High-Yield Investing is stability. I like industries that don’t go through unpredictable hot and cold cycles. Student Transportation (NYSE: STB) is a textbook example.
- [By Logan Wallace]
Student Transportation Inc. (NASDAQ:STB) (TSE:STB) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.20.