Cantor Fitzgerald LP’s Shawn Matthews is stepping down as head of the firm’s broker-dealer unit and plans to start a hedge fund.
Matthews spent nine years leading the division, Cantor Fitzgerald & Co., working to wrest talent and market share from larger investment banks that retrenched after the 2008 financial crisis. He’s launching a macro fund called Hondius Capital, looking to capitalize on a new era of market turmoil, Cantor Chief Executive Officer Howard Lutnick announced in an internal memo.
The plan is to raise as much as $500 million, of which 20 percent has already been secured, Matthews said in a telephone interview. He’s seeking to open this year and hire roughly 10 people. Hondius will seek to benefit from renewed market volatility and central banks beginning to take liquidity out of the system, he said. Matthews, 51, isn’t being replaced, according to a person with knowledge of the decision who asked not to be identified discussing internal deliberations.
Top Bank Stocks To Own Right Now: Best Buy Co., Inc.(BBY)
- [By ]
The reluctance of millennials to spend their tax cuts could hurt the stock prices of many consumer companies. Shares of department stores such as Kohl’s (KSS) and an electronics retailer like Best Buy (BBY) have run up this year on expectations of consumers shopping till they drop this spring/summer. Considering there are more than 83 million millennials in the U.S., that’s a big pool of humans letting down some of the country’s biggest companies.
- [By Motley Fool Staff and Chris Hill]
In this segment fromMarketFoolery, host Chris Hill and Motley Fool Asset Management’s Bill Barker weigh in on the news that Amazon(NASDAQ:AMZN)andBest Buy(NYSE:BBY)will join forces in an attempt to sell more smart TVs. If you’re wondering why the brick-and-mortar chain would want to get into bed with the company most responsible for the retail apocalypse, or what the online titan needs from an old-school partner, well, the guys are happy to explain how both sides will benefit — and which companies will lose.
- [By Chris Lange]
Best Buy Co. Inc. (NYSE: BBY) also will report its most recent quarterly results on Thursday. The consensus estimates call for $2.02 in EPS and $14.46 billion in revenue. Shares closed at $73.17 on Friday, in a 52-week range of $41.67 to $78.59. The consensus price target is $67.23.
Top Bank Stocks To Own Right Now: Meredith Corporation(MDP)
- [By Ethan Ryder]
Meredith Co. (NYSE:MDP) declared a quarterly dividend on Wednesday, May 9th, RTT News reports. Investors of record on Thursday, May 31st will be given a dividend of 0.545 per share on Friday, June 15th. This represents a $2.18 annualized dividend and a dividend yield of 4.25%.
- [By Lisa Levin] Companies Reporting Before The Bell
Nomad Foods Limited (NYSE: NOMD) is estimated to report quarterly earnings at $0.36 per share on revenue of $656.43 million.
AMC Networks Inc. (NASDAQ: AMCX) is expected to report quarterly earnings at $2.2 per share on revenue of $720.14 million.
Magna International Inc. (NYSE: MGA) is projected to report quarterly earnings at $1.7 per share on revenue of $10.11 billion.
Univar Inc. (NYSE: UNVR) is estimated to report quarterly earnings at $0.36 per share on revenue of $2.12 billion.
Duke Energy Corporation (NYSE: DUK) is expected to report quarterly earnings at $1.14 per share on revenue of $5.78 billion.
Owens & Minor, Inc. (NYSE: OMI) is projected to report quarterly earnings at $0.47 per share on revenue of $2.40 billion.
Prestige Brands Holdings, Inc. (NYSE: PBH) is expected to report quarterly earnings at $0.61 per share on revenue of $255.60 million.
Tribune Media Company (NYSE: TRCO) is projected to report quarterly earnings at $0.06 per share on revenue of $457.67 million.
ArcBest Corporation (NASDAQ: ARCB) is estimated to report quarterly loss at $0.07 per share on revenue of $691.18 million.
Genesis Healthcare, Inc. (NYSE: GEN) is projected to report quarterly loss at $0.34 per share on revenue of $1.32 billion.
Enbridge Inc. (NYSE: ENB) is expected to report quarterly earnings at $0.55 per share on revenue of $10.14 billion.
Kelly Services, Inc. (NASDAQ: KELYA) is estimated to report quarterly earnings at $0.42 per share on revenue of $1.34 billion.
NICE Ltd. (NASDAQ: NICE) is expected to report quarterly earnings at $1.01 per share on revenue of $332.93 million.
World Acceptance Corporation (NASDAQ: WRLD) is estimated to report quarterly earnings at $3.94 per share on revenue of $147.32 million.
MAXIMUS, Inc. (NYSE: MMS) is expected to report quarterly earnings at $0.84 per share on revenue of $616.04 million.
Choice Hotels International, Inc. (NYSE: CH
- [By Shane Hupp]
Goelzer Investment Management Inc. boosted its position in shares of Meredith Co. (NYSE:MDP) by 351.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,664 shares of the company’s stock after acquiring an additional 125,099 shares during the quarter. Meredith accounts for approximately 1.0% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Goelzer Investment Management Inc.’s holdings in Meredith were worth $8,644,000 at the end of the most recent reporting period.
Top Bank Stocks To Own Right Now: Gaming and Leisure Properties, Inc.(GLPI)
- [By Travis Hoium]
Penn National was the first major gaming company to launch a real estate investment trust, aka a REIT, known as Gaming and Leisure Properties Inc (NASDAQ:GLPI). The REIT has acquired most of Penn National Gaming’s real estate along with the real estate of Pinnacle Entertainment and other gaming companies as well.
- [By Rich Duprey]
Billionaire investor Carl Icahn is all but exiting the casino industry, selling his stake in Tropicana Entertainment for $1.85 billion. But maybe Eldorado Resorts (NASDAQ:ERI)– which will operate the properties bought by real estate investment trust (REIT)Gaming & Leisure Properties (NASDAQ:GLPI)– shouldn’t be going all in.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Teradyne, Inc. (NYSE: TER) fell 10.8 percent to $37.02 in pre-market trading after the company issued downbeat Q2 guidance.
Edwards Lifesciences Corporation (NYSE: EW) fell 9.2 percent to $122.29 in pre-market trading. Edwards Lifesciences reported better-than-expected results for its first quarter, but issued weak earnings guidance for the second quarter.
New Gold Inc. (NYSE: NGD) fell 8.8 percent to $2.30 in pre-market trading after rising 4.13 percent on Tuesday.
Gold Fields Limited (ADR) (NYSE: GFI) fell 8.6 percent to $3.61 in pre-market trading.
Natus Medical Incorporated (NASDAQ: BABY) fell 8.2 percent to $32.95 in pre-market trading after the company issued weak forecast for the second quarter.
Atossa Genetics Inc. (NASDAQ: ATOS) shares fell 7.9 percent to $3.50 in pre-market trading after climbing 27.09 percent on Tuesday.
Bright Scholar Education Holdings Limited (NYSE: BEDU) shares fell 6.7 percent to $13.58 in pre-market trading after reporting Q1 results.
Sangamo Therapeutics Inc (NASDAQ: SGMO) fell 5.9 percent to $16.75 in pre-market trading following announcement of a $200 million common stock offering.
Foresight Autonomous Holdings Ltd (NASDAQ: FRSX) shares fell 5.7 percent to $3.29 in pre-market trading after declining 3.32 percent on Tuesday.
Euronav NV (NYSE: EURN) fell 4.8 percent to $8.40 in pre-market trading.
Limelight Networks, Inc. (NASDAQ: LLNW) shares fell 4.3 percent to $4.69 in pre-market trading.
Gaming and Leisure Properties Inc (NASDAQ: GLPI) shares fell 4.1 percent to $32.92 in pre-market trading after the company issued downbeat quarterly results and reported the retirement of CFO William Clifford
Top Bank Stocks To Own Right Now: Qiagen N.V.(QGEN)
- [By Brian Orelli]
Qiagen (NYSE:QGEN), the molecular testing and lab supply company, started the year off with growth at the low end of its yearly guidance,although the first-quarter sales number was in line with where management expected to start the year.
- [By Ethan Ryder]
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Get Coty alerts:
Accused Bigamist from San Angelo is On the Run Again (sanangelolive.com) Cosmetics Manufacturer Coty Takes Retail Space in Times Square (commercialobserver.com) Analyzing Colgate-Palmolive (CL) and Coty (COTY) (americanbankingnews.com) 3 Movers of Yesterday- Coty Inc. (NYSE:COTY), Alphabet Inc. (NASDAQ:GOOG), QIAGEN NV (NYSE:QGEN) (journalfinance.net) Trending Hot Stock’s Analysis Coty Inc. (NYSE:COTY) (nasdaqjournal.com)
A number of research firms recently commented on COTY. BMO Capital Markets raised their price objective on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase raised their price objective on shares of Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Citigroup raised their price objective on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Barclays set a $20.00 price objective on shares of Coty and gave the company a “hold” rating in a research note on Saturday, February 10th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Coty in a research note on Friday, February 9th. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.71.
Top Bank Stocks To Own Right Now: New York & Company Inc.(NWY)
- [By Money Morning Staff Reports]
After looking at this week’s penny stock gainers, we’ll give you that leg up with one of our top-rated penny stocks from our proprietary stock ranking system…
Penny Stock Current Share Price (March 26) Last Week’s Gain
Cartesian Inc. (OTCMKTS: CRTN) $0.39 170.69%
Odyssey Marine Exploration Inc. (Nasdaq: OMEX) $8.76 135.90%
iFresh Inc. (Nasdaq: IFMK) $8.25 64.64%
China Auto Logistics Inc. (Nasdaq: CALI) $4.68 47.43%
National American University Holdings Inc. (Nasdaq: NAUH) $1.20 39.29%
Document Security Systems Inc. (NYSE: DSS) $1.58 33.91%
Blonder Tongue Labs Inc. (NYSE: BDR) $0.77 33.90%
CareDx Inc. (Nasdaq: CDNA) $7.49 29.88%
Mediwound Ltd. (Nasdaq: MDWD) $5.10 26.51%
New York & Co. Inc. (NYSE: NWY) $3.37 26.35%
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