As online retailer Amazon gears up for its Tuesday’s Prime Day — a sales event exclusively or Amazon Prime members — other retailers were choosing up sides in deciding whether to participate with their own discounts, deals and free shipping offers.
Walmart, Target and Lowe’sare among the big names who are so far skipping the event. ButJCPenney, Kohl’s and Macy’s are all offering exclusive discounts before and during Prime Day.
Neil Saunders, a retail analyst for the business data firm GlobalData, said that businesses choosing to hold sales around this time shows that Prime Day has become “big and significant” enough for both retailers and consumers to expect and look forward to it each year. But those who held back may simply not see it as either a threat or an opportunity, Saunders said.
day trading stock picks: Seaboard Corporation(SEB)
Advisors’ Opinion:
- [By John Udovich]
Thanksgiving is almost here and aside from featuring a turkey, most Thanksgiving dinners will include items from a range of consumer stocks including Campbell Soup Company (NYSE: CPB), Kraft Heinz Co (NASDAQ: KHC), Fresh Del Monte Produce Inc (NYSE: FDP) and McCormick & Company (NYSE: MKC) along with aThanksgiving turkey from Hormel Foods Corporation (NYSE: HRL)or Seaboard Corporation (NYSEAMEX: SEB). According tothe American Farm Bureau Federation,a classic Thanksgiving dinner will cost$49.87 for a gathering of 10 orjust under $5 per person down from 2015s all-time high of $50.11.
- [By Ashley Moore]
Here is a table of the 10 most expensive stocks trading on U.S. markets today:
Company (Ticker)Price per ShareMarket CapBerkshire Hathaway Inc. (NYSE: BRK-A)$ 257,227.52$ 419.50 billionSeaboard Corp. (NYSEMKT: SEB)$ 3,760.00$ 4.48 billionNVR Inc. (NYSE: NVR)$ 1,944.23$ 7.19 billionThe Priceline Group Inc. (Nasdaq: PCLN)$ 1,727.94$ 80.82 billionMarkel Corp. (NYSE: MKL)$ 978.51$ 13.78 billionWhite Mountains Insurance Group Ltd. (NYSE: WTM)$ 935.01$ 4.25 billionAmazon.com Inc. (Nasdaq: AMZN)$ 846.08$ 408.27 billionAlphabet Inc. (Nasdaq: GOOGL)$ 844.06$ 582.85 billionAutoZone Inc. (NYSE: AZO)$ 744.26$ 21.04 billionIntuitive Surgical Inc. (Nasdaq: ISRG)$ 735.63$ 28.41 billion
- [By John Udovich]
Thanksgiving is almost here but the exit of both Pilgrim’s Pride Corporation (NYSE: PPC) and Smithfield Foods (NYSE: SFD) to focus on their chicken or pork businesses (the latter was also acquired by the Chinese) leaves just two big Thanksgiving turkey stocks, Hormel Foods Corporation (NYSE: HRL) and Seaboard Corporation (NYSEAMEX: SEB), for investors to consider. According to the American Far Bureau, a 16-pound turkey will (on average) come in at a total of $22.74 this year or roughly $1.42 per pound for a decrease of 2 cents per pound or a total of 30 cents per whole turkey, compared to 2015. The price drop may be a transition back to the norm as the significant bird flu outbreak last year hurt the nations supply of both turkey and eggs.
day trading stock picks: Citigroup Inc.(C)
Advisors’ Opinion:
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Citigroup Inc (NYSE: C) to report quarterly earnings at $1.26 per share on revenue of $17.71 billion before the opening bell. Citigroup shares rose 0.30 percent to $67.22 in after-hours trading.
Analysts are expecting JPMorgan Chase & Co. (NYSE: JPM) to have earned $1.65 per share on revenue of $25.61 billion in the latest quarter. JPMorgan will release earnings before the markets open. JPMorgan shares gained 0.48 percent to $93.55 in after-hours trading.
Cyberark Software Ltd (NASDAQ: CYBR) lowered its guidance for the second quarter. The company now expects total revenue of $57.0 million to $57.5 million, versus earlier guidance of $61.0 million to $62.0 million. Cyberark shares dipped 17.65 percent to $42.00 in the after-hours trading session.
Before the opening bell, First Republic Bank (NYSE: FRC) is projected to report quarterly earnings at $1.1 per share on revenue of $675.70 million. First Republic Bank shares dropped 0.80 percent to close at $101.35 on Thursday.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Craig Jones]
Pete Najarian said on CNBC’s Fast Money Final Trade that Citigroup Inc (NYSE: C) is going to trade higher. He noticed unusually high call options buying in the name.
- [By John Ballard]
Partnerships play a crucial role in extending PayPal’s reach to new customers and driving higher engagement. The deal with Visa(NYSE:V) opened the door for partnerships with Mastercard(NYSE:MA), Citigroup(NYSE:C), and Fidelity National Information Services (NYSE:FIS). As a result, more deals will come that will increase PayPal’s relevancy and ubiquity in the mobile payment landscape.
- [By Matthew Cochrane]
With this mindset, it is no wonder that PayPal finished 2016 on a wave of deal-making momentum. In the past 12 months, PayPal completed agreements with a number of financial and tech companies including Alibaba Group Holding Ltd (NYSE: BABA), Citigroup Inc (NYSE: C), Facebook Inc (NASDAQ: FB), Mastercard Inc (NYSE: MA), Visa Inc (NYSE: V), and Vodafone Group Plc (NASDAQ: VOD).
- [By Casey Wilson]
However, the law was repealed in 1999 under former president Bill Clinton. Banks such as Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC), and JPMorgan Chase & Co. (NYSE: JPM) gobbled up rivals and expanded into new businesses, becoming “one-stop-shopping financial behemoths,” wrote Bloomberg on April 6.
- [By Elizabeth Balboa]
Here are the top 10 financial bodies investing in lobbying in 2017:
American Bankers Association: $5.6 million
Securities Industry & Financial Market Association: $3.5 million
Financial Services Roundtable: $3.0 million
Independent Community Bankers of America: $2.7 million
Association of International CPAs: $2.6 million
Citigroup Inc (NYSE: C): $2.5 million
Investment Company Institute: $2.4 million
S&P Global Inc (NYSE: SPGI): $2.4 million
Credit Union National Association: $2.4 million
HSBC Holdings plc (ADR) (NYSE: HSBC): $2.4 million
Dozens of others spent more than $1 million, including Ally Financial Inc (NYSE: ALLY), Visa Inc (NYSE: V) and Navient Corp (NASDAQ: NAVI).
day trading stock picks: EP Energy Corporation(EPE)
Advisors’ Opinion:
- [By Paul Ausick]
EP Energy Corp. (NYSE: EPE) posted a new 52-week low of $1.85 Tuesday, down nearly 22% after closing at $2.37 on Monday. The 52-week high is $7.49. Volume was about 3.2 million, around 5 times the daily average of around 600,000. The oil and gas exploration and production firm has launched an exchange program extending the maturity date to 2024 on $1.2 billion in 9.375% notes due in 2020.
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22%
Dynamic Materials (NASDAQ: BOOM): -12.39%
Clayton Williams Energy (NYSE: CWEI): -11.45%
Dynergy (NYSE: DYN): -11.91%
EP Energy Corporation (NYSE: EPE): -11.20%
Mexco Energy (NYSE: MXC) -10.90%
Whiting Petroleum (NYSE: WLL) -10.79%
Southwestern Energy Company (NYSE: SWN) -10.79%
SM Energy Company (NYSE: SM) -10.38%
Real Goods Solar (NASDAQ: RGSE) -10.34%
Posted-In: Commodities After-Hours Center Markets Movers
day trading stock picks: RELM Wireless Corporation(RWC)
Advisors’ Opinion:
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested shorting small cap wireless communications manufacturer RELM Wireless Corporation (NYSEMKT: RWC):
day trading stock picks: International Business Machines Corporation(IBM)
Advisors’ Opinion:
- [By Vikram Nagarkar]
For starters, like we mentioned earlier, AMD recently restructured its long term debt, effectively locking in low interest rates for a longer period of time, while also reducing its interest burden. After clawing back some GPU market share from arch-rival NVIDIA (NSDQ:NVDA)over the last few quarters, AMD has bagged some important deals with the likes of Alibaba (NYSE:BABA) and more recently,Alphabet’s (NSDQ:GOOGL)Google. As we discussed in an earlier post, AMD’s deal with Google is of specific importance, because it could open the doors to other cloud platforms, like the ones run by Amazon (NSDQ:AMZN), Microsoft (NSDQ:MSFT) and International Business Machines (NYSE:IBM). Last but not the least, the latest round of rumors has it that Intel wants to license AMD’s Radeon GPU technology, which could be another handy deal for AMD.
- [By Danny Vena]
H&R Block, Inc. (NYSE:HRB) is hoping to change all that. This year, it’s partnering with IBM’s (NYSE:IBM) Watson to bring the capabilities of artificial intelligence (AI) to tax return preparation. This would seem a natural fit for theJeopardy!-winning supercomputer.
- [By Sreekanth Anasa]
NVIDIA’s data center segment had hit an annual run rate of $2 billion in the latest quarter and is showing no signs of slowing down. The data center segment which also constitutes AI chips revenue is continuing its extraordinary triple-digit growth rate. We at Amigobulls have highlighted the importance of NVIDIA’s AI credentials in our past coverage. Now, its AI credentials have gotten even stronger with IBM (NYSE:IBM) Power9 chip built for AI and machine learning. This chip has been built in partnership with theJensen Huang led company and makes use of NVIDIA’s latest Tesla V100 Volta chips. A recent report highlighted the opinion of Patrick Moorhead, principal analyst at Moor Insights & Strategy, who believes that IBM has done very well to differentiate itself from the competition with this chip and said “IBMs Power9 is literally the Swiss Army knife of ML acceleration as it supports an astronomical amount of IO and bandwidth, 10X of anything thats out there today.” With Gartner predicting that by 2019 deep learning will be almost a must for achieving advancements in almost all technologies from image recognition and natural language processing to fraud detection, medical research and product recommendation, NVIDIA’s growth prospects look great and make NVDA stock still a good long-term buy irrespective of the recent sell-off.
- [By Chris Lange]
International Business Machines Corp. (NYSE: IBM) reported its fourth-quarter financial results after the markets closed on Wednesday. Big Blue said that it had $5.01 in earnings per share (EPS) and $21.8 billion in revenue versus consensus estimates from Thomson Reuters that called for $4.88 in EPS and $21.64 billion in revenue. The same period from last year had $4.84 in EPS and $22.06 billion in revenue.
- [By Demitrios Kalogeropoulos]
As for individual stocks, IBM (NYSE:IBM) and Intuitive Surgical (NASDAQ:ISRG) attracted heavy investor interest following their quarterly earnings releases.
- [By WWW.THESTREET.COM]
When asked about competition, Levie said that Box is the only platform that can scale to meet the needs of all enterprise use cases, but they also partner with many companies, including IBM (IBM) , Microsoft (MSFT) and Google.
day trading stock picks: Benitec Biopharma Limited(BNTC)
Advisors’ Opinion:
- [By Alex McGuire]
Here’s a list of the top 10 penny stocks to watch in March, which includes the biggest gainers last month…
Penny StockCurrent Stock PriceFebruary 2017 ReturnZosano Pharma Corp. (Nasdaq: ZSAN)$2.56+123.3%Bellerophon Therapeutics Inc. (Nasdaq: BLPH)$1.25+113.8%Peregrine Pharmaceuticals (Nasdaq: PPHM)$0.59+101.7%Galectin Therapeutics Inc. (Nasdaq: GALT)$1.79+91.9%Bioanalytical Systems Inc. (Nasdaq: BASI)$1.58+90.6%CymaBay Therapeutics Inc. (Nasdaq: CBAY)$3.50+89.8%Vermillion Inc. (Nasdaq: VRML)$2.56+86.3%Naked Brand Group Inc.(Nasdaq:NAKD)$2.16+76%Eyegate Pharmaceuticals Inc. (Nasdaq: EYEG)$2.63+73.9%Benitec Biopharma Ltd. (Nasdaq ADR: BNTC)$2.60+59.9%
The best-performing penny stock – Zosano Pharma Corp. – soared an incredible 123.3% from Feb. 1 to Feb. 28. To put those gains into perspective, that’s more than five times the S&P 500’s 23% climb in the last 12 months.
- [By Lisa Levin]
Benitec Biopharma Ltd (ADR) (NASDAQ: BNTC) shares shot up 44 percent to $4.41. Benitec Biopharma disclosed that the key pre-clinical data on oculopharyngeal muscular dystrophy has been published in Nature Communications.
