Michael E. Lewitt
Yesterday, markets had their worst day in 2017.
The Dow Jones Industrial Average plunged about 240 points and the S&P 500 dropped 1.2% with financials falling over 2.5%. I think the selloff was due to concerns about Trump’s policies not having the magical effects the markets are counting on. I also think it had a lot to do with Rep. Kevin Brady’s statement that the border tax has become a “given,” since it would be a disaster if it did pass. (We have only scratched the surface of the retail carnage that will occur if the border tax indeed makes an appearance in the final tax reform plan.) In addition, oil was down pretty sharply yesterday (about 2%), which didn’t help matters.
But the truth is, at these levels any little thing can send the markets reeling like they did on Tuesday.
online day trading: Southwestern Energy Company(SWN)
- [By Matthew DiLallo]
Southwestern Energy’s (NYSE:SWN) stock halted a prolonged slump last year, bouncing 40% by year-end. However, even with that sharp reversal, the company barely began its climb back to where it was at the beginning of 2015, which was before it plunged an unnerving 74% that year. In fact, the stock ended last year still more than 60% below its peak from two years ago:
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) dropped about 5.1% Wednesday to post a new 52-week low of $5.37 after closing Tuesday at $5.66. The 52-week high is $15.59. Volume topped 15 million shares traded, about 20% below the daily average of around 19.6 million. The company had no specific news, but is expected to report quarterly results Thursday. Expectations are not high.
- [By Dan Caplinger]
All good things must come to an end, and for all but the last 10 minutes ofFriday’s market, it looked like today would be the day thatthe Dow Jones Industrials would finally break its streak of record highs. Yet a last-minute boost sent all three major market benchmarks into the black, and in the absence of news moving the market to finish the week, positive market sentiment was enough to keep stocks climbing. Yet some stocks still posted dramatic declines, and Southwestern Energy (NYSE:SWN), Zoe’s Kitchen (NYSE:ZOES), and Hewlett Packard Enterprise (NYSE:HPE) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) dropped about 5.4% Wednesday to post a new 52-week low of $6.01 after closing at $6.35 on Tuesday. The stock’s 52-week high is $15.59. Volume of about 20 million was about equal the daily average. The company had no specific news Wednesday.
online day trading: Apple Hospitality REIT, Inc.(APLE)
- [By Lisa Levin]
Here is the list of stocks going ex-dividend on Monday.
AptarGroup, Inc. (NYSE: ATR) – $0.3200 dividend, 1.6780 percent yield. AptarGroup reported weaker-than-expected Q3 results on Thursday.
Fidelity Southern Corporation (NASDAQ: LION) – $0.1200 dividend, 2.6359 percent yield. The company, based in Atlanta, Georgia, provides financial products and services for customers.
Apple Hospitality REIT Inc (NYSE: APLE) – $0.1000 dividend, 6.5826 percent yield. Apple Hospitality REIT, based in Richmond, Virginia, operates as a subsidiary of Apple REIT Companies.
Targa Resources Corp (NYSE: TRGP) – $0.9100 dividend, 7.7299 percent yield. The Houston, Texas-based company provides midstream natura
online day trading: Dow Treasuries(DV)
- [By Peter Graham]
A long term performance chart of Apollo Education Group along with peersITT Educational Services, Inc (NYSE: ESI) and DeVry Education Group Inc (NYSE: DV) reflect the headwinds from the Obama administration:
online day trading: Liberty Global plc(LBTYA)
- [By Alex Webb]
Kabel Deutschland is a key part of Vodafones expansion strategy as the carrier looks for ways to boost revenue and lock in customers with Internet and television offers in addition to wireless service. Kabel Deutschland is the biggest cable company in Germany, Vodafones largest market, and had drawn a rival bid from John Malones Liberty Global Plc. (LBTYA)