New Zealand’s central bank held interest rates at a record low and left the door open to a cut as inflation remains subdued.
Reserve Bank Governor Adrian Orr on Thursday kept the official cash rate at 1.75 percent and said it would remain there “for some time to come.” The RBNZ pushed out its forecast for the first OCR increase to the third quarter of 2019 from the second.
“The direction of our next move is equally balanced, up or down,” Orr said in a statement in Wellington. “Only time and events will tell.”
The central bank’s benchmark has been at an historic low since late 2016 as New Zealand’s strong exchange rate and weak global inflation exert downward pressure on prices. Orr took charge of the RBNZ just six weeks ago and today’s is the first rate decision made under a broadened mandate of supporting maximum sustainable employment as well as achieving price stability.
Hot High Tech Stocks To Own Right Now: Roper Technologies, Inc.(ROP)
Advisors’ Opinion:
- [By Logan Wallace]
Get a free copy of the Zacks research report on Roper Technologies (ROP)
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- [By Garrett Baldwin]
Well, Money Morning Special Situation Strategist Tim Melvin has broken these secrets out of the vault of the Smart Money managers. And he’s sharing the Max Wealth secrets for free right here.
Two Stocks to Watch Today: XOM, DB
Shares of Exxon Mobil Corp. (NYSE: XOM) jumped more than 2.6% in pre-market hours after the energy giant reported earnings before the bell. The oil major reported earnings per share of $1.41, easily topping Wall Street forecasts of $1.08. Its $7.2 billion in quarterly profits were a 72% jump from the same period last year. However, the firm did fall a bit short on the revenue front. Investors liked the news that Exxon plans to restructure its upstream business to reduce costs and bolster operating cash flow by 2025. On the European front, shares of Deutsche Bank (NYSE: DB) were off another 3.72% after the German banking giant reported earnings. The embattled financial institution reported its first annual profit since 2014. However, broader uncertainty remains from investors. On Friday, look for earnings reports from Chevron Corp. (NYSE: CVX), Cigna Holding Co. (NYSE: CI), Weatherford International Plc. (NYSE: WFT), Roper Technologies Inc. (NYSE: ROP), Merck & Co. Inc. (NYSE: MRK), Honeywell International Inc. (NYSE: HON), and Johnson Controls International Plc. (NYSE: JCI).
These 3 Stocks Are the Key to 2019’s Greatest ProfitsThe 2018 midterm election was a turning point for the cannabis industry.
- [By Lee Samaha]
Within the investing world, Dover always used to be known as an industrial stock with heavy oil and gas exposure, but following the spinoff of its upstream energy business, now listed as Apergy Corporation (NYSE:APY), Dover is very much part of the multi-industry industrial group of stocks that includes companies like 3M Company (NYSE:MMM), Illinois Tool Works (NYSE:ITW), and Roper Technologies (NYSE:ROP).
- [By Shane Hupp]
Roper Technologies (NYSE: ROP) and Danaher (NYSE:DHR) are both large-cap industrial products companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, earnings, valuation, risk and analyst recommendations.
- [By Reuben Gregg Brewer]
The industrial sector rose early in the year and then stumbled along with the broader market. It took a little longer for the industrial sector to gain traction and start to rebound than the S&P 500 Index, but since July, this sector has outperformed the market. Eaton Corporation plc (NYSE:ETN) has done even better, outdistancing both the S&P and Vanguard Industrials ETF. Roper Technologies, Inc. (NYSE:ROP), meanwhile, has lagged behind Eaton and only kept pace with Vanguard Industrials ETF despite posting record results. Here’s why outperforming Eaton is still the better choice for investors.
Hot High Tech Stocks To Own Right Now: Mosaic Company (MOS)
Advisors’ Opinion:
- [By Maxx Chatsko]
But there are signs fertilizer markets are finally inching toward balance. Nutrien (NYSE:NTR) and Mosaic (NYSE:MOS) both raised their full-year 2018 adjusted EPS guidance after announcing first-quarter operating results. Meanwhile, CF Industries’ (NYSE:CF) gross profit increased 77% in the first quarter of 2018 from the prior-year period despite an 8% drop in revenue. Should investors begin looking around the industry for investment opportunities, or is more pain on the way?
- [By Joseph Griffin]
Shares of Mosaic Co (NYSE:MOS) have received an average rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $35.92.
- [By Maxx Chatsko]
It doesn’t take much of an imagination to realize what the success of microbials would mean for leading fertilizer producers such as Nutrien (NYSE:NTR), CF Industries (NYSE:CF), and Mosaic (NYSE:MOS). Consider how dependent these businesses are on each of the three major agricultural nutrients:
- [By Stephan Byrd]
The Mosaic Company (NYSE:MOS) has been assigned an average rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.23.
- [By Shane Hupp]
Swiss National Bank cut its stake in The Mosaic Company (NYSE:MOS) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,066,065 shares of the basic materials company’s stock after selling 162,000 shares during the period. Swiss National Bank owned approximately 0.30% of The Mosaic worth $25,884,000 as of its most recent SEC filing.
Hot High Tech Stocks To Own Right Now: International Speedway Corporation(ISCA)
Advisors’ Opinion:
- [By Logan Wallace]
Get a free copy of the Zacks research report on International Speedway Corp Class A (ISCA)
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- [By Motley Fool Staff]
International Speedway Corporation (NASDAQ: ISCA)Q2 2018 Earnings Conference callJul. 05, 2018, 1:00 pm ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Motley Fool Transcription]
International Speedway Corporation (NASDAQ:ISCA)Q3 2018 Earnings Conference CallOct. 4, 2018, 9:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Joseph Griffin]
Get a free copy of the Zacks research report on International Speedway Corp Class A (ISCA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Toronto Dominion Bank increased its position in International Speedway Corp Class A (NASDAQ:ISCA) by 94.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,930 shares of the company’s stock after acquiring an additional 1,426 shares during the period. Toronto Dominion Bank’s holdings in International Speedway Corp Class A were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Logan Wallace]
Get a free copy of the Zacks research report on International Speedway Corp Class A (ISCA)
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Hot High Tech Stocks To Own Right Now: Smith(wh)
Advisors’ Opinion:
- [By Asit Sharma]
Global hotel franchisor Wyndham Hotels and Resorts (NYSE:WH) attempted a dramatic transformation last year when it completed both the acquisition of La Quinta Holdings and a spinoff from parent Wyndham Destinations on successive days (May 31 and June 1, respectively).
- [By Stephan Byrd]
Wyndham Hotels & Resorts (NYSE:WH) declared a dividend on Monday, May 21st, Fidelity reports. Stockholders of record on Friday, June 15th will be given a dividend of 0.25 per share on Friday, June 29th. The ex-dividend date is Thursday, June 14th.
- [By Stephan Byrd]
Wyndham Hotels & Resorts (NYSE: WH) and Las Vegas Sands (NYSE:LVS) are both consumer discretionary companies, but which is the superior business? We will compare the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, earnings and institutional ownership.