The U.S. Commerce Department backed Boeing in its challenge to Bombardier, recommending an enormous tariff on sales of Bombardier’s C Series jetliner, a major blow to the Canadian plane maker.
The initial ruling by the International Trade Commission, an arm of the Commerce Department, recommends a 219.63% tariff on the delivery of each airliner, according to a person briefed on the ITC’s findings.
Boeing (BA), America’s largest exporter and sole U.S. producer of commercial airliners, is suing Bombardier. At issue is whether Bombardier received financial backing from the Canadian government that allowed the plane maker to stay afloat and sell to Delta for what Boeing alleges were “absurdly low prices.”
“The U.S. values its relationships with Canada, but even our closest allies must play by the rules,” said Commerce Secretary Wilbur Ross in a statement. “The subsidization of goods by foreign governments is something that the Trump Administration takes very seriously, and we will continue to evaluate and verify the accuracy of this preliminary determination.”
Best Low Price Stocks To Watch For 2018: SPDR S&P 500 ETF (SPY)
- [By Todd Shriber, ETF Professor]
Passive ETFs continuing to top active rivals is not all about the performance of U.S. stocks this year. Yes, the S&P 500 is up 5.5 percent year-to-date, but that is not a jaw-dropping performance. Much of the ongoing out-performance of passive ETFs over active counterparts this year is attributable to fees. Just look at the rock-bottom fees on ETFs such as the SPDR S&P 500 ETF (NYSE: SPY) and the iShares S&P 500 Core ETF (NYSE: IVV).
- [By Wayne Duggan]
Investors aren’t quite sure what to think following the election of Donald Trump as the next president of the United States. So far, the SPDR S&P 500 ETF Trust (NYSE: SPY) is up roughly 1.4 percent since the election, implying cautious optimism among the investing community.
- [By WWW.MONEYSHOW.COM]
A good way to play this is by buying the SPDR Dow Jones Industrial Average ETF (DIA), which tracks the Dow Industrials. We add that the SPDR S&P 500 ETF Trust (SPY) would be a good bet as well.
- [By Dan Caplinger]
To show this, let’s look more closely at trading activity on the S&P 500. ETF investors in the SPDR S&P 500 (NYSEMKT:SPY) alone trade an average of 77 million shares each day, working out to more than $18 billion in daily volume. That means that the SPDR ETF turns over its entire share base every 12 trading days. With plenty of other ways to trade the S&P 500, including other exchange-traded funds, mutual funds, and futures contracts, the index’s liquidity is unparalleled.
Best Low Price Stocks To Watch For 2018: Chevron Corporation(CVX)
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded down 0.80% at $115.90. The stock’s 52-week range is $75.33 to $119.00 Volume was about 30% below the daily average of around 7.1 million shares. Another oil company hit by the tumbling crude prices.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded up 1.59% at $111.87. The stock’s 52-week range is $83.07 to $119.00. Volume was about 25% below the daily average of around 6.5 million shares. The company had no specific news.
- [By Matthew DiLallo]
Despite continued turnaround activity in the first quarter, the company’s chemicals joint venture with Chevron (NYSE:CVX) was one of the key drivers of its improving results. Garland noted that the joint venture “had solid results on strong demand and improved margins.” The O&P business was particularly robust, delivering $161 million in adjusted earnings, up 53.3% versus the fourth quarter thanks to improved margins, higher volumes, and lower costs.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded up 1.43% at $110.75. The stock’s 52-week range is $97.53 to $119.00. Volume was about 10% above the daily average of about 5.5 million shares. The oil & gas giant had no specific news.
- [By WWW.KIPLINGER.COM]
If Chevron Corporation (CVX) wants to maintain its status as a dividend aristocrat, the company will need to up its next payout.
CVX currently pays a $1.07 quarterly dividend. At that payout, the stock yields about 4.2% annually. However, CVX has not raised its quarterly payout since May of 2014.
Best Low Price Stocks To Watch For 2018: MakeMyTrip Limited(MMYT)
- [By Lisa Levin]
In trading on Wednesday, technology shares fell 0.69 percent. Meanwhile, top losers in the sector included MakeMyTrip Limited (NASDAQ: MMYT), down 8 percent, and Western Digital Corp (NASDAQ: WDC) down 5 percent.