New York, NY, based Investment company Vontobel Asset Management Inc buys The Kraft Heinz Co, Las Vegas Sands, Facebook, Nike, Casey’s General Stores, Dollar Tree, Adobe Systems, The Home Depot, PepsiCo, China Biologic Products, sells Philip Morris International, Reynolds American, Altria Group, Bristol-Myers Squibb Company, Coca-Cola Co during the 3-months ended 2017-03-31, according to the....More>>>
General Motors (NYSE:GM) is one of the largest automobile manufacturers in the world, by unit sales. In 2016, they were the third largest manufacturer with 9.6 million units sold.
However, despite the global reach, GM as an investment is almost totally dependent on the North American unit, which contributed 4 million of their 2016 sales. North America accounted for almost 90 to 93% of their....More>>>
Government and Regulatory
According to sources, China is getting close to announcing a revised National Reimbursement Drug List (NRDL), the group of drugs covered by China’s national insurance plan. There will be 300 additions, 130 of which will be chemical drugs. The rest will be traditional Chinese medicines. This is the first update of the NRDL since 2009. Last May, China negotiated....More>>>
The backlash against China’s epic global shopping spree just intensified: a U.S. government panel is trying to stop Chinese state firms from snapping up American companies.
Warning of a threat to national security, the U.S.-China Economic and Security Review Commission wants the United States to block Chinese state-owned companies from carrying out takeovers in the country.
Lam Research (LRCX) soared to the top of the S&P 500 today after beating earnings forecasts and raising its fourth-quarter guidance.
Lam Researchgained 6.9% to $136.17 today, while the S&P 500 declined 0.2% to 2,338.17.
Credit Suisse analysts Farhan Ahmad and John Pitzer and argues that Lam Research’s “new trough is higher than [its] old....More>>>
The Q4 2016 earnings report small cap fuel cell stock Ballard Power Systems Inc (NASDAQ: BLDP) is scheduled for before the market opens on Thursday (March 2nd).Small cap alternative energy or fuel cellstocks have notlived up to their hype, but Ballard Power Systems has been busy announcing the following news:
February 16, 2017 – Ballard Inks $25M Deal With Broad-Ocean For Fuel Cell....More>>>
Harman International Industries (HAR) soared to the top of the S&P 500 today after agreeing to be bought by Samsung for $112 a shares.
Shares ofHarman International Industries rose 25% to $109.76, while the S&P 500 finished little changed.
Wells Fargo’s David Lim calls Samsung’s purchase of Harman “a good fit.” He explains....More>>>
Companies with growing earnings per share (EPS) are often good investments as they can return a good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have a five-year growing EPS.
EPS of Ever-Glory International Group Inc. (EVK) grew by 17% over the last 10 years.
According to the DCF calculator, the stock is undervalued....More>>>
A person holds an iPhone displaying the Facebook app logo in front of a computer screen showing the Facebook login page on August 3, 2016 in London, England. (Photo by Carl Court/Getty Images)
With Snapchat’s long-awaited IPO finally over, it’s time to take a look at how the big social media companies stack up and what their prospects are going forward. While there will always....More>>>
Nike Inc. (NYSE: NKE) is scheduled to release its most recent quarterly results in the coming week, but one analyst has already weighed in on the apparel giant. As we all know, Nike was the worst performing Dow Jones Industrial Average stock in 2016, but so far in 2017 it has been one of the better performing Dow stocks. According to the analyst’s report, the company stands to run even more....More>>>
Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) reports first-quarter earnings for fiscal 2018 before market open on Thursday, August 17. The stock has rallied a substantial amount since the start of 2017 on strong results in fiscal 2017 and management’s updated outlook for fiscal 2018.
For the upcoming quarter, analyst expectations are particularly high....More>>>
Deals and Financings
Berry Genomics, a Beijing genetic testing company, will IPO via a reverse merger with Chengdu Tianxing Instrument & Meter (SHZ: 0710) at a valuation of $619 million on China’s Shenzhen market. The transaction was announced in September, but no financial details were disclosed at that time. Tianxing will issue shares to Berry stockholders. Earlier this month,....More>>>
European stocks stepped higher Friday, as bank shares rose and mining stocks got a lift from upbeat inflation news out of China.
The Stoxx Europe 600 SXXP, -0.33% ....More>>>
U.S. equities chopped around the unchanged line on Tuesday amid volatile trading — something traders haven’t really experienced since the post-election melt up started in early November. Headlines were filled with political machinations out of Washington as President-elect Donald Trump’s cabinet picks move through the Senate while the House considers what to do about Obamacare.
Former Chinese billionaire Guo Wengui, who is wanted in China in connection with accusations of bribery, lost about $500 million as a result of a margin call from Swiss bank UBS, court documents show.
Last week, the Chinese government said that Interpol had issued an arrest notice for Guo at the request of China. Guo has denied wrongdoing and claims the Chinese government is trying....More>>>