March 20, 2017: Markets opened slightly lower Monday and traded close to the break-even line all day. Leading indicators and consumer sentiment readings were both strong. Only the materials sector traded high late in the afternoon while energy and utilities were the laggards. The blue chips were performing best. WTI crude oil for April delivery settled at $48.22 a barrel, down 1.2% on the day. April gold added 0.3% on the day to settle at $1,234.00. Equities were headed for a mixed close shortly before the bell as the DJIA traded up 0.03% for the day, the S&P 500 traded down 0.14%, and the Nasdaq Composite traded up 0.02%.
Stocks traded very near the break-even line just minutes before the closing bell. The closing tally could finish with either a small gain or a small loss for any or all of the indexes.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Caterpillar Inc. (NYSE: CAT) which traded up 2.66% at $95.38. The stock’s 52-week range is $69.04 to $99.46. Volume was roughly 15% below the daily average of around 5 million shares. The company reported a 1% decline in February retail sales this morning, the best year-over-year mark in more than 4 years.
Hot Blue Chip Stocks To Watch For 2018: Sears Holdings Corporation(SHLD)
- [By Cooper Creagan]
On Sept. 1, Keith saw a red X on his charts, indicating that Sears Holding Corp. (NYSE: SHLD) was headed for yet another round of misery. Later that month, he recommended a put option on the struggling retailer.
- [By Motley Fool Staff]
In this segment ofIndustry Focus: Consumer Goods, analyst Vincent Shen and contributor Adam Levine-Weinberg turn their attention to several recent initiatives that could help stabilize sales at department stores. They also dig into J.C. Penney’s strategy for profiting from the potential demise of Sears Holdings (NASDAQ:SHLD).
- [By Adam Levine-Weinberg]
These trends have already forced nearly a dozen retailers to file for bankruptcy this year — and it’s only April. Among the most troubled retailers, Sears Holdings (NASDAQ:SHLD) stands out as by far the largest. If Sears were to go bankrupt, it could have far-reaching consequences. However, while Sears is probably doomed, it is likely to limp on for a couple more years.
- [By Joe Tenebruso]
Sears Holdings (NASDAQ:SHLD) — the parent company of Sears and Kmart — may not survive the year, with these once iconic retailers besieged by a poisonous combination of plunging sales, massive losses, and dwindling cash reserves. CEO Eddie Lampert has turned to creative financing deals and fire sales of most of Sears’ best assets to raise the capital needed to fund the company’s operations, but even these drastic measures are likely to only delay Sears’ seemingly inevitable demise.
- [By Daniel B. Kline]
The CEO wanted to make it clear that while it’s closing stores, J.C. Penney remains committed to having brick-and-mortar locations. He also seemed to want to distance the company from rival Sears Holdings (NASDAQ:SHLD), which has been cutting stores quickly, with seemingly no end in sight.
- [By Rich Duprey]
Despite the heady picture, Whirlpool’s stock trades at just 10 times next year’s earnings estimates, which analyst consensus forecasts place at around $17.60 per share, a 12% rise year over year. Perhaps weighing on the outlook is the potential for Sears Holdings (NASDAQ:SHLD) to go bankrupt, which would be a loss of a major distribution channel for the owner of Whirlpool, Maytag, and Amana appliances.
Hot Blue Chip Stocks To Watch For 2018: Sharp Corp (SHCAF)
- [By SEEKINGALPHA.COM]
The company is partnering with Chinese company OXi Technology (in which it also made a strategic investment) for developing fingerprint sensor under glass and in the bezel of smartphones. Its fingerprint sensor business received a boost from the Samsung (OTC:SSNLF) S8 and S8+ design wins (as well as Sharp’s (OTCPK:SHCAF) Aquos R and ZTE ZMax Pro).
Hot Blue Chip Stocks To Watch For 2018: Federal-Mogul Holdings Corporation(FDML)
- [By Benzinga News Desk]
Mario Gabelli on Monday gained the upper hand in his battle to force Carl Icahn to sweeten his offer for a car-parts manufacturer. Icahn, who owns 82 percent of Federal-Mogul (NASDAQ: FDML), offered $9.25 a share for the remaining stake but fell way short after Gamco Investors boss Gabelli — who has a leading stake in Federal-Mogul — pressed for a higher price.
Hot Blue Chip Stocks To Watch For 2018: Bank of Nova Scotia (The)(BNS)
- [By Zacks]
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Hot Blue Chip Stocks To Watch For 2018: CDI Corporation(CDI)
- [By Lisa Levin]
Shares of CDI Corp. (NYSE: CDI) got a boost, shooting up 32 percent to $8.20 as the company agreed to be acquired by AE Industrial Partners for $8.25 per share in cash.