Why Do the Pundits Hate Annuity Commissions?
Senate prepares to vote on skinny ACA change proposal
Vice President Breaks Health Bill Debate Tie
Votes held today show the Republicans may still have a chance to push an Affordable Care Act (ACA) change bill through the Senate.
Seven Republican senators, including some who usually stick with other Republicans on major votes, crossed party lines today to vote against Senate Amendment 271, the so-called “skinny” ACA change bill.
The insurers post growth in revenue and net income as all eyes are in Washington.
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Your resource for news, research and analysis to help you deliver more effective outcomes to your clients. width:300px!important;max-height:36px; ThinkAdvisor TechCenter
ThinkAdvisor’s TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business. Resources [Advisor Tool] Navigating Federal Retirement Benefits eBook
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investment adviser: PVH Corp.(PVH)
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Accenture Plc (NYSE: ACN) to report quarterly earnings at $1.3 per share on revenue of $8.34 billion before the opening bell. Accenture shares gained 0.41 percent to $127.00 in after-hours trading. Analysts expect Micron Technology, Inc. (NASDAQ: MU) to post quarterly earnings at $0.85 per share on revenue of $4.64 billion after the closing bell. Micron shares gained 0.88 percent to $26.29 in after-hours trading. Five Below Inc (NASDAQ: FIVE) reported better-than-expected earnings for its fourth quarter on Wednesday. Five Below shares climbed 8.23 percent to $41.27 in the after-hours trading session. Before the markets open, Conagra Brands Inc (NYSE: CAG) is projected to report its quarterly earnings at $0.44 per share on revenue of $1.98 billion. Conagra shares rose 1.73 percent to $41.18 in after-hours trading. PVH Corp (NYSE: PVH) posted upbeat earnings for its fourth quarter and issued a strong earnings forecast. PVH shares surged 7.15 percent to $97.35 in the after-hours trading session.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Lisa Levin]
Accenture Plc (NYSE: ACN) reported upbeat earnings for its second quarter. Five Below Inc (NASDAQ: FIVE) reported better-than-expected earnings for its fourth quarter on Wednesday. PVH Corp (NYSE: PVH) posted upbeat earnings for its fourth quarter and issued a strong earnings forecast. Conagra Brands Inc (NYSE: CAG) reported stronger-than-expected earnings for its third quarter.
- [By Ben Levisohn]
Today, the Wall Street Journal reported that Kate Spade & Co is considering a sale of the company, following pressure from activist investors given the volatile performance ever since Kate Spade became a mono brand company over 2 years ago. The article cites thatKate Spade has hired an investment bank and has reached out to possible buyers (including other retailers) althoughKate Spade has not responded. This comes at a time when brand houses like VF Corp. (VFC), PVH Corp. (PVH), Hanesbrands (HBI), Michael Kors Holdings (KORS), and Coach have said they are looking to make a branded acquisition, andKate Spade could be one of the strongest candidates. While other brands are seeing negative comps, pulling back on wholesale exposure or restructuring,Kate Spade continues to grow.
- [By Seth McNew]
PVH Corp.(NYSE:PVH)– the parent company of well-known brands like Calvin Klein, Tommy Hilfiger,and Speedo USA — got a positive market reaction today following the release of its Q4 and full-year earnings. Thestock was up as much as 10% during the trading day.
- [By Ben Levisohn]
PVH (PVH) slipped to the bottom of the S&P 500 today as consumer discretionary stocks fell.
Shares of PVH dropped 5.1% to $102.45 today, while the S&P 500 finished little changed at 2,191.95. The S&P 500 Consumer Discretionary Sector index fell 0.6%
PVH reported better-than-expected earnings on Nov. 30, but offered disappointing guidance. In a note released on Dec. 1, Wunderlich analyst Eric Bederkept the faith with the stock:
We are reiterating our Buy rating, $125 price target and FY18 EPS and raising our FY17 EPS to $6.75 (From $6.63) after PVH Corp. (PVH) once again handily beat conservative guidance for 3Q, driven by market share gains in the domestic wholesale business and strong international growth, and provided what we view as conservative guidance for 4Q. We believe the company has continued to make strides in driving solid upside despite material FX and related tourist traffic issues. Further, we believe PVH, with Tommy Hilfiger womens domestic business shifting to a licensed model, should drive further margin upside. We continue to view PVH as a key winner in the apparel segment and believe the company continues to have numerous levers to drive bottom line upside.
PVH’s market capitalization fell to $8.2 billion today, from $8.7 billion yesterday.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was PVH Corp. (NYSE: PVH) which jumped 8.5% to $98.55. The stocks 52-week range is $82.10 to $115.40. Volume was 4.3 million which is above the daily average of around 1.2 million shares.
investment adviser: The Blackstone Group L.P.(BX)
- [By Money Morning Staff Reports]
At least if private-equity leviathan Blackstone Group LP (NYSE: BX) CEO Tony James has anything to say about it.
You see, James has a working theory about what to do with the U.S. retirement system that currently charges participants large 401(k) and 403(b) asset and consulting percentage fees…
- [By Dan Caplinger]
NCR’s first-quarter results were solid and continued the company’s positive momentum. Sales were up 2% to $1.48 billion, and while that was only a small gain, it was larger than the 1% rise that most investors were expecting. On a GAAP basis, NCR lost money during the quarter, but after excluding impacts from the company’s transaction with Blackstone Group (NYSE:BX), adjusted earnings of $0.56 per share were up by nearly half from year-ago levels and were stronger than the $0.46 per share consensus forecast among those following the stock.
- [By WWW.THESTREET.COM]
SeaWorld Entertainment (SEAS) is probably the most famous example of a company that’s suffered from animal cruelty allegations. Shares of the theme park operator, backed by Blackstone (BX) , have never recovered from the release of the 2013 documentary Blackfish, which argued that orca captivity is inhumane and dangerous to the human trainers of the orcas. SeaWorld announced in March that it would phase out its orca captivity, breeding and live shows. The company’s remaining whales, most of which were born in captivity, will live out their lives at the parks. The news sent SeaWorld shares soaring 9%, but continued attendance drops forced the company to slash its dividend and invest $175 million in new attractions.
investment adviser: Panhandle Royalty Company(PHX)
- [By Lee Jackson]
These companies also reported insider buying last week: Cidara Therapeutics Inc. (NASDAQ: CDTX), Ducommun Inc. (NYSE: DCO), HealthEquity Inc. (NASDAQ: HQY), Panhandle Oil and Gas Inc. (NYSE: PHX) and PolarityTE Inc. (NASDAQ: COOL).
- [By Lisa Levin]
Energy sector was the top gainer in the US market on Friday. Top gainers in the sector included Superior Energy Services, Inc. (NYSE: SPN), Panhandle Oil and Gas Inc. (NYSE: PHX), and SM Energy Co (NYSE: SM).
investment adviser: NVR Inc.(NVR)
- [By Ashley Moore]
Here is a table of the 10 most expensive stocks trading on U.S. markets today:
Company (Ticker)Price per ShareMarket CapBerkshire Hathaway Inc. (NYSE: BRK-A)$ 257,227.52$ 419.50 billionSeaboard Corp. (NYSEMKT: SEB)$ 3,760.00$ 4.48 billionNVR Inc. (NYSE: NVR)$ 1,944.23$ 7.19 billionThe Priceline Group Inc. (Nasdaq: PCLN)$ 1,727.94$ 80.82 billionMarkel Corp. (NYSE: MKL)$ 978.51$ 13.78 billionWhite Mountains Insurance Group Ltd. (NYSE: WTM)$ 935.01$ 4.25 billionAmazon.com Inc. (Nasdaq: AMZN)$ 846.08$ 408.27 billionAlphabet Inc. (Nasdaq: GOOGL)$ 844.06$ 582.85 billionAutoZone Inc. (NYSE: AZO)$ 744.26$ 21.04 billionIntuitive Surgical Inc. (Nasdaq: ISRG)$ 735.63$ 28.41 billion
investment adviser: Albemarle Corporation(ALB)
- [By Ben Levisohn]
Albemarle (ALB) soared to the top of the S&P 500 today after beating fourth-quarter earnings and revenue forecasts.
S. MARTIN/AFP/Getty Images
Albemarle gained 9.8% to $101.50, while the S&P 500 dipped 0.3% to 2,363.64.
Baird’s Ben Kallo and team liked what they saw from Albemarle:
Reiterate Outperform rating after results beat and guidance exceeded estimates. ALB continues to see strong Lithium demand and pricing, expects Refining Solutions to return to earnings growth in 2017 driven by stronger HPC demand, and bolstered its balance sheet with the sale of Surface Treatment. Additionally, although Bromine is expected to be flat y/y, the segment should generate strong FCF for Lithium investment. We expect shares to trade higher as ALB continues to separate itself from specialty chemical comps with leading market positions and strong revenue growth.
Albemarle’s market capitalization rose to $11.4 billion today from $10.4 billion yesterday.
- [By Monica Gerson]
Albemarle Corporation (NYSE: ALB) is estimated to post its quarterly earnings at $0.86 per share on revenue of $814.80 million.
Markit Ltd (NASDAQ: MRKT) is expected to report its quarterly earnings at $0.36 per share on revenue of $293.62 million.
- [By Beth McKenna]
Most investors interested in gaining exposure to the lithium space should stick with investing in one or more of the large players listed on a major U.S. stock exchange:Albemarle Corporation(NYSE:ALB), FMC Corp. (NYSE:FMC), andSociedad Quimica y Minera de Chile(NYSE:SQM), or SQM. Smaller players are speculative to varying degrees, and most are unprofitable.
- [By WWW.THESTREET.COM]
With an improving global economy, now is a great time to be a chemical company, Cramer told viewers, as he reiterated his favorites: Albemarle (ALB) and FMC Technology (FMC) .