Roosevelt Investment Group Inc. grew its position in Pfizer (NYSE:PFE) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,252 shares of the biopharmaceutical company’s stock after purchasing an additional 68,162 shares during the quarter. Pfizer makes up approximately 1.8% of Roosevelt Investment Group Inc.’s portfolio, making the stock its 18th largest holding. Roosevelt Investment Group Inc.’s holdings in Pfizer were worth $19,894,000 as of its most recent filing with....More>>>
Target (NYSE:TGT) stock seemed to be finally turning a corner. After years of pressure from e-commerce giant Amazon and Walmart’s digital reinvention, shares were significantly trailing the greater S&P 500 and posting a 5-year loss. Over the last year, however, shares have rallied in response to management’s plans to reinvigorate the brand’s shopping experience and improve its online shopping channel.
Unfortunately, the company’s first-quarter earnings put a halt to that rally. Target had a mixed report, outperforming on the top line with $16.8 billion....More>>>
Principal Financial Group Inc. reduced its position in AES Corp (NYSE:AES) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 970,303 shares of the utilities provider’s stock after selling 7,304 shares during the quarter. Principal Financial Group Inc. owned approximately 0.15% of AES worth $11,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased....More>>>
Source: ThinkstockNovember 29, 2017: The S&P 500 closed relatively flat at 2,626.03. The DJIA closed up 0.4% at 23,940.24. Separately, the Nasdaq was down 1.3% at 6,824.34.
Wednesday was a mixed day for U.S. broad markets in general. While the Dow cruised to new highs and even closer to the 24,000 mark, the Nasdaq took a big step back and gave back all of its gains and then some after tech stocks took a dive. Crude oil took a step back again on Wednesday. The S&P 500 sectors were practically all positive in the session with a couple of exceptions. The best performing sectors were....More>>>
Small cap poultry processing stock Sanderson Farms, Inc (NASDAQ: SAFM) reported Q2 2017 earnings before the market opened this morning as shares still have elevated short interest of 27.73% according to Highshortinterest.comdue in part to fears over bird flu that have probably subsided. Net sales were $802.0 million versus $692.1million while net income was $66.9 million versus net income of $47.6 million. Overall market prices for poultry products were higher during the second quarter compared with the same period last year while market prices for chicken products sold to retail grocery store....More>>>