Donald Trump beat Hillary Clinton to become president of the United States…and the market took it in stride.
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And then some. The S&P 500 climbed 3.8% this week after dipping 0.1% to 2,164.45 today. The Dow Jones Industrial Average jumped 5.4% this week after advancing 39.78 points, or 0.2%, to 18,847.66 today, a new record high. The Nasdaq Composite gained 3.8% this week after rising 0.5% to 5,237.11 today.
Economist A. Gary Shilling doesn’t think Trump’s victory is “a watershed event.” He explains why:
As for equities, the initial euphoria is no doubt overdone. As Congress grinds through Trump’s proposals, many will likely be considerably watered down. And rising protectionism is already in place, and massive fiscal stimuli were already in the cards. Tax cuts, though not on the scale Trump proposes, seem likely, regardless of unjustifiable hopes that they’ll stimulate enough economic growth to finance themselves. The Fed will probably finance massive fiscal stimuli, but deficits in the annual $1.5 trillion range will probably make Congress cautious, much as they were in the late 2000s.
Hot Growth Stocks To Buy Right Now: Foot Locker, Inc.(FL)
Advisors’ Opinion:
- [By Lisa Levin]
Foot Locker, Inc. (NYSE: FL) reported better-than-expected results for its first quarter.
The company posted adjusted earnings of $1.45 per share on revenue of $2.025 billion. However, analysts were expecting earnings of $1.25 per share on revenue of $1.96 billion.
- [By Joseph Griffin]
California State Teachers Retirement System trimmed its position in shares of Foot Locker, Inc. (NYSE:FL) by 4.5% during the 1st quarter, HoldingsChannel reports. The fund owned 204,265 shares of the athletic footwear retailer’s stock after selling 9,668 shares during the period. California State Teachers Retirement System’s holdings in Foot Locker were worth $9,302,000 at the end of the most recent reporting period.
- [By Demitrios Kalogeropoulos]
Sometimes simply meeting expectations isn’t enough for Wall Street. Foot Locker (NYSE:FL) shareholders experienced this firsthand after the company’s stock dropped despite the retailer announcing a return to sales growth and improving profitability.
- [By Joseph Griffin]
Foot Locker (NYSE:FL) had its price objective lowered by equities researchers at Telsey Advisory Group from $62.00 to $58.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the athletic footwear retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 20.26% from the company’s current price.
- [By Demitrios Kalogeropoulos]
Back in early March, Foot Locker (NYSE:FL) told investors that it saw reasons for optimism that the company would return to modest sales and profit growth at some point in 2018. The footwear retailer had a brutal 2017, after all, as revenue dipped and gross profit margin fell to 31.6% of sales from 33.9% in the prior year.
- [By Motley Fool Staff]
In this segment from Motley Fool Money, host Chris Hill and analysts David Kretzmann, Jason Moser, and Aaron Bush break down the latest earnings report from sneaker specialist Foot Locker (NYSE:FL), which was not strong, but also not as bad as Wall Street had expected. Despite falling comps and a shrinking store count, the stock price jumped by around 15% in response to the release. The guys talk about Foot Locker’s path ahead, whether its outlook is too optimistic, the challenges of e-commerce, and a bigger threat to its sustainability than Amazon (NASDAQ:AMZN).
Hot Growth Stocks To Buy Right Now: Shell Midstream Partners, L.P.(SHLX)
Advisors’ Opinion:
- [By Logan Wallace]
Shell Midstream Partners (NYSE: SHLX) and Valero Energy Partners (NYSE:VLP) are both mid-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, valuation, earnings, dividends, risk, analyst recommendations and institutional ownership.
- [By Matthew DiLallo]
Thanks in part to higher oil prices, the average energy stock in the S&P 500 is up nearly 17% over the past year. However, those improving market conditions haven’t taken the entire sector higher. Three laggards that stand out are fast-growing, high-yielding MLPs Antero Midstream Partners (NYSE:AM), Shell Midstream Partners (NYSE:SHLX), and EQT Midstream Partners (NYSE:EQM), which have all lost more than 10% of their value over the past year. Because of that, these MLPs look like compelling options for income-seeking investors to consider.
- [By Logan Wallace]
Shell Midstream Partners (NYSE:SHLX) last issued its earnings results on Thursday, August 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Shell Midstream Partners had a net margin of 74.14% and a negative return on equity of 295.18%. The company had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $120.71 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts predict that Shell Midstream Partners LP will post 1.18 earnings per share for the current year.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Shell Midstream Partners (SHLX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Reuben Gregg Brewer]
There’s an interesting dichotomy here, however. Crestwood was looking to stay financially disciplined, but it also needed to invest to grow. Doing both at the same time is difficult, which is why it partnered up with Con Ed in the Marcellus region, Shell Midstream Partners LP (NYSE:SHLX) and First Reserve in the Delaware Basin, and Williams Partners (NYSE:WPZ) in the Powder River basin. These agreements allow Crestwood to keep expanding its business without having to foot the entire bill for the investments.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Shell Midstream Partners (SHLX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Growth Stocks To Buy Right Now: Diana Containerships Inc.(DCIX)
Advisors’ Opinion:
- [By Logan Wallace]
Shares of Diana Containerships Inc (NASDAQ:DCIX) saw strong trading volume on Wednesday . 738,970 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 766,564 shares.The stock last traded at $1.24 and had previously closed at $1.12.
- [By Stephan Byrd]
Diana Containerships Inc (NASDAQ:DCIX)’s share price traded up 0.8% during mid-day trading on Wednesday . The stock traded as high as $1.41 and last traded at $1.27. 9,477 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 293,509 shares. The stock had previously closed at $1.28.
- [By Lisa Levin] Gainers
Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01.
iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73.
Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results.
World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS.
Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009.
Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting.
Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million.
Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash.
Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday.
OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15.
Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74.
Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday.
Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients.
Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40