Everything You Should Know about Praxair Right Now
In the past two months, the analyst consensus on Praxair (PX) has lowered the 12-month target price from $125.82 in September to $123.68 on December 9.
The S&P 500 Industrials Sector Index fell 0.07% on December 2. Despite weakness in the sector, Alaska Air Group (ALK) rose 2.4%.
As the chart above shows, flows into emerging markets funds remained positive but diminished considerably from July and August.
Volatility (VXX) (XIV) typically moves higher in the latter part of the year, especially in September and October, and gradually recedes after that.
The CBOE Volatility Index (or VIX), a measure of market turbulence, tumbled 12% during the week ended September 3, 2016. It was the biggest fall in two months.
Deutsche Bank (DB) reported losses of 2.1 billion euros in 4Q15. That’s in line with a warning issued earlier. For 2015, Deutsche Bank’s losses were 6.8 billion euros.
The major Asian indexes (AAXJ) were trading higher on March 18, 2016, as they continued to react to US and UK monetary policy statements in the absence of other major data.
The Russian (ERUS) indexes MICEX and RTSI posted strong gains of 1.2% and 1.9%, respectively, as the Central Bank of Russian decided to keep the country’s interest rate unchanged.
The major Asian indexes (AAXJ) were on an upward trajectory on March 17, 2016, after the FOMC monetary policy release gave a dovish outlook.
Stock of e-commerce giant Amazon (AMZN) has fallen by 25% this year. The company announced the repurchase of shares worth of $5 billion to increase value for shareholders.
Kansas City Southern’s (KSU) chemical and petroleum revenues in 4Q15 were at $120.4 million, up by 4% on a YoY (year-over-year) basis.
Canon (CAJ) ranked third for US patent holder in 2015, with 4,134 patents granted. Canon has also expanded its partnership with EFI, a digital printing company.
Stifel has upgraded Procter & Gamble from “hold” to “buy” and set the price target of $85 per share due to an increase in performance.
JPMorgan Chase has upgraded Campbell Soup’s rating from “underweight” to “neutral.” Its price target rose from $51 to $55 per share.
Tyson Foods lost $70 million in the fourth quarter of 2015 due to high volatility in live futures contracts. Live futures fell 9% to a two-year low in the second half of 2015 with high-frequency traders.
Wall Street has downgraded International Paper’s rating from “buy” to “hold” and its letter rating from B- to C+. On January 8, 2016, Barclays also downgraded its rating to “equal weight.”
Newell Rubbermaid’s operations in Venezuela are impacted by the country’s economy, which contracted by 4.5% in the first nine months of 2015. The annual inflation rate rose to 141.5% with high oil prices.
Maura Horton, MagnaReady’s CEO, has licensed her company’s patented technology to PVH. MagnaReady shirts contain self-closing technology that uses magnets instead of buttons.
JPMorgan Chase has downgraded McCormick & Company from “neutral” to “underweight.” It reduced the price target from $82 to $76 per share.
On January 19, 2016, the S&P Consumer Staples and the S&P Consumer Discretionary sectors slightly outperformed the S&P 500. In this series, we’ll look at the top losers and gainers on January 19, 2016.