Index & Mutual Funds

In 2018, GlaxoSmithKline aims to initiate a pivotal phase 2 trial to evaluate GSK 916 as monotherapy Darzalex refractory population as the fourth line or the last line of multiple myeloma therapy.

Alphabet (GOOG) announced on January 25, 2018, that it is launching its 13th unit—cybersecurity company Chronicle.

Trelegy Ellipta could enable GlaxoSmithKline to compete aggressively with other respiratory players such as Novartis (NVS).

Colgate-Palmolive (CL) witnessed improved volumes across several regions thanks to the improvement in volumes driven by new products supported by increased advertising.

In March 2017, Black-and-White Capital sent a letter to Etsy’s board of directors, noting that the company had a variety of execution and corporate governance issues.

Bank of America’s dividend yield of 1.5% and PE of 20.6x compares to a sector average dividend yield of 2% and PE of 20.7x.

In 2017, Phillips 66 (PSX) was the fifth-best-performing energy stock of the Energy Select Sector SPDR ETF (XLE).

On January 25, six out of the S&P 500’s 11 major sectors moved higher. Strength in the utilities and health care sectors pushed the market higher.

According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing PMI (purchasing managers’ index) contracted in December 2017.

Bill Miller said, “Bonds, in my opinion, have entered a bear market, but one that is likely to be benign for the next year or so.”

The iShares MSCI Emerging Markets ETF (EEM), which tracks the performance of emerging markets, rose 37.3% in 2017.

In this article, we’ll look at Wall Street analysts’ forecasts for shares of Baker Hughes, a GE company (BHGE) following its 4Q17 earnings release.

AT&T’s cost of revenue rose 15% in 2016 before decreasing 1% in 9M17. That led to a 9% growth in gross profit for 2016 before falling 4% in 9M17.

In this series, we’ll be taking a look at the companies that have announced $1,000 dollar bonuses, pay raises, increased dividends, and buybacks in the last two months.

In 1Q17, 2Q17, and 3Q17, Tafinlar+Mekinist reported revenues of $187 million, $216 million, and $224 million, respectively.

Investors (SPX-INDEX) around the world looked to gold (GLD) (IAU) for the rescue during the slump in bitcoin prices.

Kimberly-Clark’s (KMB) Personal Care segment returned to growth in 4Q17. The segment’s top line increased 1.2% to $2.3 billion.

The final Markit Brazil manufacturing PMI stood at 52.4 in December compared to 53.5 in November 2017. The December PMI didn’t beat the initial estimate of 52.8.

Blockchain technology holds a lot of promise due to its many advantages such as transparency, faster transactions at lower costs, and a reliable system.

On January 21, the NOC (National Oil Corporation) of Libya said that it would restart the Wintershall AG’s Sara oilfield. NOC is a state-owned oil company.

MLPs (master limited partnerships) cooled off last week, which ended on January 19, after two weeks of a strong rally.

In the DRAM market, Micron expects to achieve bit crossover on 1X DRAM by the end of 2018.

Last week, Fiat Chrysler stock (FCAU) continued to soar and posted solid weekly gains of 7.4%.

MLPs maintained their winning streak in the second week of 2018. The Alerian MLP Index (^AMZ) rose 4.6% last week and ended at 300.5.

Extra Space Storage’s (EXR) revenue grew 27% and 13% in 2016 and 9M17, respectively.

Southwest Airlines’ (LUV) operating revenue grew 3% and 4% in 2016 and 9M17, respectively.

Nasdaq (NDAQ) revenue rose 9% and 8% in 2016 and 9M17, respectively.

Gilead Sciences’ (GILD) revenue fell 7% and 13% in 2016 and 9M17, respectively. The fall was due to lower product sales. Both antiviral products and other products recorded declines in both the periods.

Southern Company (SO), the second largest rate-regulated utility, is currently trading at an EV-to-EBITDA multiple of 10.5x.

Valero Energy’s operating revenue fell 14% in 2016 before rising 23% in 9M17. Refining revenues drove the decline in 2016, offset by ethanol revenues.

Assurant’s (AIZ) revenue fell 27% and 18% in 2016 and 9M17, respectively.

Tyson Foods’ (TSN) sales dropped 11% in 2016 before gaining 4% in 2017.

Corning’s gross margin grew 3% and 9% in 2016 and 9M17, respectively.

Delta Air Lines’ (DAL) operating revenue fell 3% in 2016 before gaining 3% in 9M17 (or the first nine months of 2017).

American International Group’s dividend per share rose 58% in 2016 and was flat in 2017.

In this series, we’ll take a look at December 2017 manufacturing PMI reports for major developed regions, namely the United States (SPX-INDEX), Germany (DAX-INDEX), France, Spain, Europe, Japan, and the United Kingdom (UKX-INDEX).

FedEx’s (FDX) revenue grew 6% and 20% in 2016 and 2017, respectively. The FedEx Ground, FedEx Freight, and FedEx Services segments drove the 2016 growth, offset by the FedEx Express segment.

Hilton Worldwide Holdings’ (HLT) revenue grew 3% in 2016. Management and franchise fees, timeshare, and other revenues from managed and franchised properties drove the growth in 2016, offset by owned and leased hotels.

The Kraft Heinz Company’s (KHC) net sales grew 44% in 2016 before falling 1% in 9M17. Every product category drove the growth in 2016, offset by a decline in the infant and nutrition segments.

Coty (COTY) net revenue fell 1% in 2016 before climbing 76% in 2017. The Consumer Beauty segment drove the growth in both years.