Pundits appear to be mixed about if or when the next recession will materialize. The debate has cast transportation stocks like Canadian National Railway (NYSE:CNI) into the spotlight. Canadian National is one of the world’s best run railroads. However, headwinds abound. For the first 46 weeks of 2016 total carloads for the year U.S. and Canada were down Y/Y by 9.3%....more>>>
If Trump Wants to Kill DOL Rule, Hed Better Act Soon
Ex-Prosecutor Emerges as Top Trump Pick for SEC Chief
Calamos Asset Management says its shares are set to be fully acquired by its founder and Chairman John Calamos and CEO John Koudounis, who — along with other members of the Calamos family — already own a majority stake in....more>>>
Gilead Sciences (GILD) posted better-than-expected fourth-quarter financial results as sales of its hepatitis C drugs exceeded forecasts. Still, the biotech giant gave back after-hour gains as full-year sales forecasts failed to impress.
Gilead also boosted its dividend and almost doubled its share repurchase plan.
At a recent $83, the shares were up 0.4% after earlier climbing more....more>>>
Investing for income is a totally different kettle of fish compared to investing for capital gains. In fact, the former is probably better as one is not concerned about stock price movementwhich can be a relief in itself. The other advantage that income investing brings to the table is that one doesn’t have to get caught up in the whole “get rich” mentality. Investing for income....more>>>
ConocoPhillips (NYSE:COP) has announced a major strategy shift, which will define the future direction of the company. On November 10, the management announced that the capital spending will further go down in 2017. There was an expectation that the rising oil prices will prompt the oil companies to increase capital spending. However, ConocoPhillips management has taken a different route. They are....more>>>
Shares of Corrections Corp of America (CXW) and GEO Group (GEO) have lost half their value after reports that the Justice Department plans to end the use of private prisons. The Washington Post’s Matt Zapotosky has the details:
Bryan Anselm for The Wall Street Journal
The Justice Department plans to end its use of private prisons after officials concluded the facilities....more>>>
By Rahul Anand, Kalpana Kochhar, and Saurabh Mishra
The expansion of India’s exports of services between 1990 and 2013 has been nothing short of spectacular, putting India on a par with the world’s high-income economies in terms of service-product sophistication and as a share of total exports. This has created unique opportunities for continued growth. By contrast, when it....more>>>