Hiring slowed substantially in May as employers added 138,000jobs, but thedisappointing showing probably wont stop the Federal Reserve from raising interest rates this month.
The unemployment rate, which is calculated from a different survey, fell from 4.4% to 4.3%, the lowest since May 2001, the Labor Department said Friday.
Economists surveyed by Bloomberg expected 180,000 job gains.
Average hourly wages rose 4 cents to $26.22, holding annual gains steady at 2.5%. Although earnings have picked up the past year or two from a tepid 2% pace, the annual increases have moderated in recent months from nearly 3%. Economists expected the low jobless rate and smaller pool of available workers to push up pay increases more rapidly, a development the Fed seeksto help underpin its plan for two more rate hikes in 2017.
stock market strategy: TiGenix NV (TGXSF)
- [By SEEKINGALPHA.COM]
Leuven, Belgium-based Tigenix (OTC:TGXSF) filed to go public in the U.S. in late 2015, only to become entangled with Bavarian Nordic (OTC:BVNKF) and Basilea Pharmaceutica (OTC:BPMUF) as the European drugmakers pulled back from NASDAQ. Tigenix subsequently increased its bank account following a 23.75 million placement in Belgium, and added an additional 25 million via a relationship with Takeda, before coming back to Wall Street in October 2016 with a revamped slate of underwriters.
stock market strategy: Astro-Med, Inc.(ALOT)
- [By Monica Gerson]
Astro-Med, Inc. (NASDAQ: ALOT) is projected to post its quarterly earnings at $0.21 per share on revenue of $25.50 million.
Bellatrix Exploration Ltd (NYSE: BXE) is expected to post a quarterly loss at $0.10 per share on revenue of $71.27 million.
stock market strategy: Clean Energy Fuels Corp.(CLNE)
- [By Lisa Levin]
In trading on Wednesday, energy shares fell by 1.72 percent. Meanwhile, top losers in the sector included Clean Energy Fuels Corp (NASDAQ: CLNE), down 5 percent, and Frontline Ltd. (NYSE: FRO), down 7 percent.
- [By Michael Vodicka]
Clean Energy Fuels Corp. (CLNE) designs, builds and operates natural gas filling stations in the United States. The company supplies compressed natural gas (CNG) and liquefied natural gas (LNG), serving a fleet of 650 customers, more than 32,000 natural-gas vehicles while owning or supplying more than 350 filling stations in 32 states.
- [By Jason Hall]
Natural gas for transportation leader Clean Energy Fuels Corp (NASDAQ:CLNE) has steadily grown and improved the quality of its business and business results over the past several years. Today’s Clean Energy Fuels is leaner, has a stronger balance sheet, and is in a solid position as a market leader in a growth industry.
stock market strategy: Unifi, Inc.(UFI)
- [By Lisa Levin]
Unifi, Inc. (NYSE: UFI) shares were also up, gaining 18 percent to $26.92 as the company announced Q3 earnings of $0.56 per share on revenue of $161.3 million.
stock market strategy: American Capital Agency Corp.(AGNC)
- [By Amanda Alix]
It was just about one year ago that QE3 made its debut, and mortgage REITs, particularly agency-only players like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) began moaning about the increased competition for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.
- [By Boniface Murigu]
It’s no secret that mREITs such as American Capital Agency (NASDAQ: AGNC ) (NASDAQ: AGNC ) (NASDAQ: AGNC ) , Annaly Capital Management (NYSE: NLY ) (NYSE: NLY ) (NYSE: NLY ) ,and CYS Investmentshave gone through a very turbulent trading period, with all major players losing a sizable share of market value.
- [By Amanda Alix]
This development will likely give battered mREITs like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) a huge boost as investors begin to feel less panic regarding a tapering of the current QE3 program. Markets have responded to the Summers announcement by soaring skyward, apparently feeling relief and confidence about the fate of the taper.