Lloyd Blankfein, one of Wall Street’s most powerful players, is reportedly preparing to step down from his perch at Goldman Sachs as soon as the end of the year.
Blankfein has led Goldman Sachs (GS) for the past dozen years, guiding the investment bank back to success after a near-death experience during the financial crisis.
The 63-year-old will be leaving on his own terms, The Wall Street Journal reported. Blankfein will probably retire ahead of the bank’s 150th anniversary in 2019, or early that year, the paper reported.
Goldman Sachs declined to comment. Investors took the report in stride. Shares were mostly unchanged from their prices prior to the news.
The Wall Street firm expects to name one of its co-presidents, Harvey Schwartz and David Solomon, to succeed Blankfein, the Journal reported.
Goldman Sachs has been grooming Schwartz and Solomon for the top job ever since former president Gary Cohn left the bank last year to become President Trump’s top economic adviser. Cohn announced his resignation from the White House this week amid a clash over trade policy.
Top 10 Gold Stocks To Own Right Now: Seaspan Corporation(SSW)
- [By Matthew DiLallo]
Shares of Seaspan Corporation (NYSE:SSW) rallied 15% last month thanks to a bullish analyst note.
Seaspan’s stock bobbed around the flatline for most of April until an analyst at Deutsche Bank upgraded the containership leasing company from hold to buy toward the end of the month. What stood out was the $13 price target, which was 85% above the bank’s previous one of $7 a share. Driving that bullish view is the expectation that Seaspan’s ability to deleverage its balance sheet and increase the dividend would fuel substantial share price appreciation in the future.
- [By Lisa Levin] Gainers
AGM Group Holdings Inc. (NASDAQ: AGMH) shares climbed 30.3 percent to $11.05 after climbing 34.60 percent on Thursday.
Limelight Networks, Inc. (NASDAQ: LLNW) jumped 21.2 percent to $4.9699 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares climbed 18.8 percent to $7.89 after reporting strong Q1 earnings.
Farmers Capital Bank Corp (NASDAQ: FFKT) gained 15.4 percent to $48.75. WesBanco Inc (NASDAQ: WSBC) announced an agreement and plan of merger with Farmers Capital Bank Corporation.
TransUnion (NYSE: TRU) climbed 10.2 percent to $66.76 after the company posted upbeat Q1 results and issued a strong forecast for the second quarter. TransUnion announced plans to acquire Callcredit.
Myomo, Inc. (NYSE: MYO) shares gained 9.2 percent to $3.9299 after rising 8.11 percent on Thursday.
Pinnacle Foods Inc (NYSE: PF) gained 8.8 percent to $60.04 after a 13-D filing from Jana Partners showed an increased stake in the comapny, from 1.42 million shares at the end of last quarter to 10.83 million shares, or a 9.3-percent stake.
Associated Banc-Corp (NYSE: ASB) shares climbed 8.8 percent to $26.70 following upbeat Q1 earnings.
OFG Bancorp (NYSE: OFG) gained 8.5 percent to $12.80 after reporting Q1 results.
Cleveland-Cliffs Inc. (NYSE: CLF) climbed 7.5 percent to $7.73 following Q1 results.
Seaspan Corporation (NYSE: SSW) shares climbed 6.7 percent to $7.50. Deutsche Bank upgraded Seaspan from Hold to Buy.
General Electric Company (NYSE: GE) shares rose 4.6 percent to $14.63 after the company reported better-than-expected earnings for its first quarter.
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) rose 4.3 percent to $47.80. Biogen and Ionis have expanded their strategic collaboration to develop drug candidates for a broad range of neurological diseases.
Check out these big penny stock gainers and losers
- [By ]
Cramer was bearish on Seaspan (SSW) , Symantec (SYMC) and Hi-Crush Partners (HCLP) .
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.
- [By ]
Seaspan (SSW) : “No, this one has moved up too much.”
Criticare Systems Inc (CMD) : “This stock has moved so much. I like Thermo Fisher Scientific (TMO) a little better.”
Top 10 Gold Stocks To Own Right Now: TAL International Group Inc.(TAL)
- [By Dustin Parrett]
Our analysis from May 2013 found the VQScore tool identified 48 triple-digit winners, including a staggering 2,573% gainer in TAL Education Group ADR (NYSE: TAL).
Top 10 Gold Stocks To Own Right Now: U.S. Bancorp(USB)
- [By ]
Selected examples: (BXP) , (DFS) , (HST) , (MA) , (TXN) , (USB) .
Inflation Is a Key Risk
Execs were most worried about inflation, as they should be.
- [By Garrett Baldwin]
Morgan Stanley (NYSE: MS) leads a busy day of earnings reports. The company reported earnings per share (EPS) of $1.37 on top of $11.08 billion in revenue. Analysts projected EPS of $1.28 on top of $10.45 billion in revenue. Shares of MS stock popped 2.4% thanks to stronger profits (a 26% jump) from the company’s trading division. Recent market volatility has benefited the trading operations of Wall Street investment banks. Here’s how you can tap into volatility for big profits this week. Once again, markets are keeping a close eye on ongoing issues between the United States and its largest trading partners. According to reports, trade problems are expected to offset any gains projected from recent tax reform. The news comes as China is looking to get other U.S. trade partners to stand on their side and oppose American protectionism. Meanwhile, NAFTA officials are set to meet in Washington in order to accelerate the renegotiation of the three-nation trade agreement. This news comes the same morning that U.S. President Donald Trump took to Twitter to bash the Trans-Pacific Partnership. “While Japan and South Korea would like us to go back into TPP, I don’t like the deal for the United States,” he tweeted. Trump recently raised the possibility that the United States could join the 11-nation deal. Farming groups have been pushing Trump to rejoin the treaty due to the competitive disadvantage they will face against farmers in Canada, Mexico, and Australia, three member states of the deal.
Three Stocks to Watch Today: MS, AXP, AXP
International Business Machines Corp.(NYSE:IBM) shares plunged more than 5.4% in pre-market hours after the company reported weaker-than-expected forward guidance after the bell on Tuesday. The company reported EPS of $2.45, a figure that beat analysts’ expectations by $0.03. Its $19.1 billion in revenue also topped Wall Street expectations. However, the firm fell short on its annual profit outlook. People are lining up again to gi
- [By Jon C. Ogg]
U.S. Bancorp (NYSE: USB) should be positioned to do well compared with the rest of the major banks in 2018 and beyond. The problem is that you would never know it if you only looked at its stock price. This is the largest regional bank in America, as well as the seventh largest bank in America by assets. Is it possible that all the good things and solid returns are more than fully reflected in the share price?
- [By Motley Fool Staff]
U.S. Bancorp (NYSE:USB) has long been one of the most efficient big banks in the United States. But the Minneapolis-based bank doesn’t approach efficiency in the same way that most of its competitors do. As opposed to focusing on expenses, U.S. Bancorp has minimized its efficiency ratio by driving revenue.
- [By John Maxfield]
Lapera: [laughs] In that case,now that we’re done with this small talk, let’s talk aboutPNC Bankandshareholder letters. We’re going to interweave the two topics. Let’s start with what’s going on with PNC Bank in general right now. Thereason we picked PNC Bank to begin with is becauseafter doing that [U.S. Bancorp] (NYSE: USB) episode last week, which,if you want to link to that, I’m happy to send it. Maxfield finally published that article onthe Richard Davis interview. If you emailed me about that,I’m going to email you back as soon as the show is over and send that to you. Ifanyone else wants that article,I’m more than happy to email it to you. Our email is firstname.lastname@example.org. Winding back,the reason we’re talking about PNC Bank isbecause we talked about how great U.S. Bancorp’sefficiency ratio is, and PNC Bank has aneven better one.
Top 10 Gold Stocks To Own Right Now: Civeo Corporation(CVEO)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
World Fuel Services Corporation (NYSE: INT) tumbled 18 percent to $22.90 following Q1 results.
Biglari Holdings Inc. (NYSE: BH) fell 17.4 percent to $349.52. Washington Prime Group will replace Biglari Holdings in the S&P SmallCap 600 on Tuesday, May 1.
Flex Ltd. (NASDAQ: FLEX) dipped 15.7 percent to $14.03 after a mixed fourth quarter report.
FormFactor, Inc. (NASDAQ: FORM) fell 15.3 percent to $11.65. FormFactor is expected to release Q1 results on May 2.
Data I/O Corporation (NASDAQ: DAIO) dropped 14.3 percent to $6.24 following Q1 results.
National Instruments Corporation (NASDAQ: NATI) fell 14.3 percent to $ 42.34 after reporting Q1 results.
United States Steel Corporation (NYSE: X) dipped 14.2 percent to $32.37 following Q1 results.
Civeo Corporation (NYSE: CVEO) dropped 13.5 percent to $3.33. Civeo posted a Q1 loss of $0.42 per share on sales of $101.504 million.
athenahealth, Inc. (NASDAQ: ATHN) fell 12.4 percent to $125.310 after reporting Q1 results.
Charter Communications, Inc. (NASDAQ: CHTR) shares tumbled 12.1 percent to $262.06 as the company posted Q1 results.
Value Line, Inc. (NASDAQ: VALU) fell 11.3 percent to $19.10.
Federated Investors, Inc. (NYSE: FII) shares dropped 11.2 percent to $27.605 after the company posted downbeat quarterly earnings.
AV Homes, Inc. (NASDAQ: AVHI) declined 10.7 percent to $17.20 following Q1 results.
CalAmp Corp. (NASDAQ: CAMP) dropped 9.4 percent to $21.01 after reporting Q4 results.
Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares fell 8.9 percent to $7.280 following mixed Q1 results.
Sony Corporation (NYSE: SNE) shares fell 8.4 percent to $45.97 after reporting Q4 results.
LogMeIn Inc (NASDAQ: LOGM) fell 8.2 percent to $109.825. LogMeIn reported upbeat earnings for its first quarter, but issued weak second quarter and FY18 earning guidance.
Eleven Biotherapeutics, Inc. (NASDAQ: EBIO
Top 10 Gold Stocks To Own Right Now: East West Bancorp Inc.(EWBC)
- [By Stephan Byrd]
Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of East West Bancorp (NASDAQ:EWBC) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 419,124 shares of the financial services provider’s stock after acquiring an additional 1,196 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of East West Bancorp worth $26,212,000 at the end of the most recent reporting period.
Top 10 Gold Stocks To Own Right Now: DigitalGlobe, Inc(DGI)
- [By Ethan Ryder]
COPYRIGHT VIOLATION WARNING: “DigitalGlobe (DGI) Earning Somewhat Positive Press Coverage, Report Shows” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3360325/digitalglobe-dgi-earning-somewhat-positive-press-coverage-report-shows.html.
Top 10 Gold Stocks To Own Right Now: MetLife, Inc.(MET)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was MetLife, Inc. (NYSE: MET) which traded down roughly 9% at $49.74. The stocks 52-week range is $44.18 to $55.91. Volume was 28.5 million compared to the daily average volume of 4.6 million.
- [By ]
The Evercore analysts also said that Metlife Inc. (MET) and CNO Financial Group Inc. (CNO) have “sizable exposure” to long-term care from a reserve standpoint, “but our analysis indicates that their blocks have below average risk and/or more robust reserves versus peers, implying a lower risk of charges over the next few years.”
- [By Logan Wallace]
State Treasurer State of Michigan lessened its stake in shares of MetLife (NYSE:MET) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 305,185 shares of the financial services provider’s stock after selling 3,300 shares during the period. State Treasurer State of Michigan’s holdings in MetLife were worth $14,005,000 as of its most recent SEC filing.
Top 10 Gold Stocks To Own Right Now: Samsung Electronics Co. Ltd. (SSNLF)
- [By SEEKINGALPHA.COM]
About Venmo. I don’t think it’s the game changer that many in the PayPal investment community think it is. It’s growing for sure but for me it is yet unproven and is the one point where Apple Pay (NASDAQ:AAPL), Samsung Pay (OTC:SSNLF) and potentially Square (NYSE: SQ) can actually land a punch. $9.4 billion in transaction volume last quarter and making it available in around two million U.S. retailers are signs of a growing business, but whether it will be used for retail purchases by its user base remains to be seen. I could be surprised on the upside in the coming 3-6 quarters. But as long as the company isn’t revealing the number of its users I won’t be holding my breath and including this in the factors that can contribute to sustained growth.
- [By SEEKINGALPHA.COM]
Now, this removes one big uncertainty (actually management was pretty convinced they would settle on favorable terms), but there are a few other headwinds that also led them to lower guidance when presenting Q3 figures:
In the low end of the mobile market (imaging) they are experiencing increasing competition. They are dealing with this by concentrating on more sophisticated and integrated solutions and narrowing the strategic focus (this is already starting to pay off with design wins like the Huawei Mate 10). For now they expect imaging revenues to be at least $10M lower. The probability of recognizing revenue from Echo, a significant mobile customer for audio technologies, has progressively declined as well. Samsung (OTC:SSNLF) IP licensing is removed from the guidance as they are litigating the company for patent infringement. Management is convinced of a favorable outcome here as well (they embarked on extensive DD prior to filing), but unsure of the timing. Management believes at least $10M in licence revenues has been underreported, but likely resolution will shift this income to 2018. Roughly $5M in expected license revenue from Invensas Licensees will shift to 2018 Guidance excludes roughly $52M in cash receipts which the company can’t recognize as revenue under purchase accounting related to the DTS acquisition (see below for an explanation). This is why cash flow figures are much better than earnings figures.
These are all somewhat messy litigation and compliance issues, but at least the Broadcom issue has been settled and much of the rest is likely to shift to 2018. About the Purchase Accounting. From company PR:
- [By SEEKINGALPHA.COM]
Cirrus announced that the first product containing its new ANC chip last spring. In the most recent conference call, the company mentioned that it was in a new headset with a major OEM. A search looking for design breakdowns for Cirrus revealed two new products with Cirrus ANC inside. ABI Research reported finding the Cirrus ANC chip, 47L50C, inside replacing a chip from “Maxim MAX98730” The rest of the parts in the Studio 3 were the same as its predecessor Solo3. Beats increased the price on the Studio 3 by $50. ABI also found the 47L50C inside one of the new Samsung (OTC:SSNLF) products adding this statement, “Cirrus seems to be doing quite well in the ANC (Active noise cancellation) market as this is the second win we have seen (47L51b found in the Samsung ANC earbuds) in blooming ANC market.” There appear to be two new sets of earbuds from Samsung, a wired and a wireless. It is unclear to us which or perhaps both could have the new Cirrus chip inside. We know of at least three major brands with Cirrus ANC inside. The list continues to grow. We note we have yet to find a product with both parts, mics and codec. The four freshly washed E9s (ABBA) have eased the consist across the aligned switch onto the main with the semaphore straight up green-lighting the ANC Express and for those aboard, sensing the QUIET of the early morn.
- [By SEEKINGALPHA.COM]
Samsung (OTC:SSNLF) will unveil its new flagship phones, the Galaxy S9 and Galaxy S9 Plus, on February 25 at Mobile World Congress event in Barcelona. Their new features could help the Galaxy S9 and Galaxy S9 Plus replicate the stellar success of the $999 iPhone X of Apple (AAPL). Canalys reported last month that Apple could have shipped out as much as 29 million units of its expensive iPhone X during Q4 2017.
- [By ]
Note also how cheap Western Digital’s stock is. Against analysts’ consensus EPS targets of $14.09 this year, according to Yahoo Finance, the company is currently trading at a P/E multiple of below 6x. Of course, this mirrors the valuation of other highly cyclical stocks like Ford (F). However, the strength of recent memory earnings and the commentary from industry players suggest that the cycle still has a long way to go. Samsung (OTC:SSNLF), in particular, noted after posting strong memory results that it’s focused on maximizing profits in its memory division rather than market share. This means that, unlike the last cycle, the major manufacturers could be showing a bit more restraint in production to keep prices and margins elevated. High pricing for memory modules, of course, is one of the major drivers behind Western Digital’s success over the past year.
- [By SEEKINGALPHA.COM]
I know this sounds to many of the readers who like to hate Apple for everything they do like shady behavior, but ask yourself this, where can you go to replace a Samsung (OTC:SSNLF) or an HTC battery? The fact of the matter is that Apple is offering a useful service that will allow users to prolong the use of their existing phone and in the process it is getting an extra opportunity to market to this consumer.
Top 10 Gold Stocks To Own Right Now: Rosetta Resources Inc.(ROSE)
- [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares climbed 70.3 percent to $5.45 after reporting 2017 year-end results.
MEDIGUS Ltd/S ADR (NASDAQ: MDGS) surged 39.8 percent to $1.58 in reaction to its Monday announcement of a distribution agreement. The medical device company said it reached an agreement to distribute its minimally invasive medical devices in Turkey, Azerbaijan and Georgia.
Arcadia Biosciences, Inc. (NASDAQ: RKDA) gained 25.6 percent to $11.50. Arcadia Biosciences reported that Albert D. Bolles, Ph.D. has joined its board of directors.
Aytu Bioscience Inc (NASDAQ: AYTU) shares jumped 21.8 percent to $0.4798 after the company late Monday reported lighter-than-expected Q1 loss.
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) shares gained 21.1 percent to $26.77 following Q3 results.
Pfenex Inc. (NYSE: PFNX) rose 16.8 percent to $7.1271 after the company announced the positive top-line PF708 study results in Osteoporosis patients that showed no imbalances in severity or incidence of adverse events.
MEI Pharma, Inc. (NASDAQ: MEIP) rose 13.8 percent to $2.88.
Red Violet, Inc. (NASDAQ: RDVT) jumped 13.1 percent to $6.41 after reporting Q1 results.
SORL Auto Parts, Inc. (NASDAQ: SORL) shares gained 12 percent to $5.87 after reporting upbeat Q1 results.
Bovie Medical Corporation (NYSE: BVX) gained 8.4 percent to $3.96 after reporting a first-quarter sales beat.
Rosehill Resources Inc. (NASDAQ: ROSE) surged 8.4 percent to $7.90 after announcing Q1 results.
LiqTech International, Inc. (NASDAQ: LIQT) rose 8.1 percent to $0.5171 following Q1 results.
ProPhase Labs, Inc. (NASDAQ: PRPH) rose 7.7 percent to $5.6103 following Q1 results.
Nine Energy Service, Inc. (NYSE: NINE) shares climbed 7.4 percent to $35.90.
Xenon Pharmaceuticals Inc. (NASDAQ: XENE) rose 6.7 percent to $6.40 after the company presented XEN901 Phase 1 clinical update and XEN1101 TMS pharmacodynamic Phase 1 data.
Top 10 Gold Stocks To Own Right Now: MSA Safety Incorporporated(MSA)
- [By Shane Hupp]
Mine Safety Appliances (NYSE: MSA) is one of 26 publicly-traded companies in the “Surgical appliances & supplies” industry, but how does it compare to its competitors? We will compare Mine Safety Appliances to similar companies based on the strength of its risk, earnings, institutional ownership, valuation, dividends, analyst recommendations and profitability.
- [By Joseph Griffin]
Shares of Mine Safety Appliances (NYSE:MSA) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $97.33.