Vincent Bollore, the French business executive and corporate raider with a $6.2 billion fortune, spent two days this week in decidedly downscale surroundings for someone of his wealth: a drab police station in the Paris suburb of Nanterre. After questioning, investigating judges lodged criminal charges against the 66-year-old alleging that his companies bribed public officials in Guinea and Togo to win contracts to operate ports there. Bollore denies wrongdoing, and the charges may still be dropped, but the case is the talk of Parisian corporate suites.
Photographer: Marlene Awaad/Bloomberg1. What does Bollore own?
Bollore (pronounced boh-low-RAY) and his family, via a cascade of listed and unlisted companies, are the controlling shareholders of Bollore SA, which trades on the stock market in Paris and has a market value of about 12.3 billion euros ($15 billion). Bollore SA operates a transportation and logistics business in Africa, with services from port operations to chartering to tracking to advising on customs and taxes. It also develops electricity storage products, including a battery for electric cars, and operates fleets of shared electric cars in cities from Los Angeles to Paris. He also invests in other publicly traded companies. Bollore entities are the largest shareholders in media conglomerate Vivendi SA and Italian investment bank Mediobanca SpA, among others.
Top Bank Stocks To Own For 2018: EQT GP Holdings, LP(EQGP)
- [By Elizabeth Balboa]
Not only does Jana consider the deal price overvalued, but it looks to redirect EQT’s focus to a breakup of pipeline operations to transform the core company into an exploration & production firm. The pipelines already trade publicly under EQT Midstream Partners LP (NYSE: EQM) and EQT GP Holdings LP (NYSE: EQGP).
Top Bank Stocks To Own For 2018: Intercontinental Exchange Inc.(ICE)
- [By Logan Wallace]
iDice (CURRENCY:ICE) traded down 3.3% against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on April 20th. iDice has a total market cap of $85,719.00 and approximately $0.00 worth of iDice was traded on exchanges in the last 24 hours. Over the last seven days, iDice has traded 21.8% higher against the U.S. dollar. One iDice token can currently be bought for about $0.0546 or 0.00000680 BTC on exchanges including CoinExchange and Mercatox.
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Altria (MO) , Intercontinental Exchange (ICE) and Micron Technology (MU) .
Cramer was bearish on NVIDIA (NVDA) and Reynolds American (RAI) .
Top Bank Stocks To Own For 2018: Alliance Data Systems Corporation(ADS)
- [By Ben Levisohn]
Alliance Data Systems (ADS) soared to the top of the S&P 500 today after beating the Street’s earnings and revenue expectations.
Alliance Data Systemsgained 8.3% to $260.62, while the S&P 500 rose 0.8% to 2,355.84.
Evercore ISI’s David Togut and team argue that Alliance Data Systems is “checking the right boxes.” They explain:
ADS’ 1Q/17 earnings reinforced our conviction that net charge offs will stabilize at the end of this year, driving accelerating earnings growth in 2018. Card Services surpassed our revenue and EBITDA forecasts fueled by an 80 basis point increase in gross card yield thanks to rising interest rates. Epsilon’s revenue growth accelerated to 7% from a 1% decline in 4Q/16 driven by double digit growth in Automotive, Agency and digital CRM plus an easy comparison. LoyaltyOne revenue and EBITDA fell below our estimates given soft results from AIR MILES, which is adjusting its value proposition after the Ontario Legislature last December eliminated the expiration date on AIR MILES. Overall, ADS remains on track to generate double-digit adjusted EBITDA and EPS gains in 2017, and in 2018 to accelerate EPS growth to the mid-teens given slowing headwinds from delinquencies plus operating leverage from stabilizing net charge-off rates.
Alliance Data Systems’ market capitalization rose to $14.6 billion today from $13.5 billion yesterday.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Alliance Data Systems Corp. (NYSE: ADS) which traded down 3.9% at $238.00. The stocks 52-week range is $185.02 to $254.94. Volume was 1.6 million versus the daily average of 577,000 shares.
- [By Garrett Baldwin]
WTI crude oil prices added 1.2% to hit $69.31 per barrel, while Brent crude added 1.4% to hit $74.50. The uptick came after Saudi Arabia hinted that it would like to see oil prices hit the top end of the $80 to $100 range. The key oil supplier has been working with other OPEC producers and Russia to support crude prices to reduce excessive global production. The nations’ agreement is expected to extend well into 2019 and potentially beyond that time frame.
This morning, as it topped earnings expectations, Procter & Gamble Co. (NYSE: PG) announced it will purchase the consumer health business of German pharma giant Merck KGaA (OTCMKTS: MKGAF) for nearly $4.2 billion. The deal will expand on P&G’s vitamins and health supplement business. This is the first deal made by P&G since activist investor Nelson Peltz won a board seat last year.
Four Stocks to Watch Today: PM, AXP, AMZN, COST
Shares of Phillip Morris International Inc.(NYSE: PM) dropped 3.6% in pre-market hours after the company fell short of revenue expectations. Despite reporting earnings per share (EPS) of $1.00, a figure that topped estimates by $0.12, the firm fell short of the $7.02 billion in revenue forecasted by analysts.
American Express Co.(NYSE: AXP) popped nearly 4% after the company easily topped Wall Street earnings after the bell Wednesday. The firm’s strategy to spend $2.35 billion on customer rewards promotions wooed a large amount of accounts and upgrades during the first three months of 2018. AXP reported EPS of $1.86 on top of $9.72 billion in revenue. Wall Street forecasted $1.71 per share on $9.20 billion.
Amazon.com Inc.(Nasdaq: AMZN) is in focus after two stunning revelations emerged from the company on Wednesday. CEO Jeff Bezos announced that the company has more subscribers to its Prime service than Costco Corp.(Nasdaq: COST), while the average Amazon employee earned under $30,000 in 2017.
Look for additional earnings reports from Skechers USA In
Top Bank Stocks To Own For 2018: CVR Refining, LP(CVRR)
- [By Robert Rapier]
CVR Partners’ fertilizer plant is located in Coffeyville, Kansas, adjacent to the refinery owned by CVR Refining (NYSE: CVRR). CVR Energy (NYSE: CVI), majority-owned by Carl Icahn via Icahn Enterprises (NYSE: IEP), is the general partner and owns most of the units for both CVR Partners and CVR Refining.
- [By Tyler Crowe]
For refiners, though, that spread in price led to very lucrative refining margins. As that spread has narrowed, so too has margins for refiners.
Refining Margins Q4 2012 Q2 2013
Valero (NYSE: VLO ) $12.27 $9.26
Phillips 66 (NYSE: PSX ) $13.67 $9.88
HollyFrontier (NYSE: HFC ) $24.00 $20.28
CVR Refining (NYSE: CVRR ) $28.08 $20.30
Source: Company Earnings releases
- [By Lisa Levin]
Shares of CVR Refining LP (NYSE: CVRR) were down 11 percent to $10.00. Velocity Midstream Partners and CVR Refining disclosed the execution of agreements related to the construction of a crude oil pipeline from the SCOOP play in Central Oklahoma to CVR's Wynnewood refinery.
Top Bank Stocks To Own For 2018: Tucows Inc.(TCX)
- [By WWW.GURUFOCUS.COM]
For the details of INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=INVESTMENTAKTIENGESELLSCHAFT+FUER+LANGFRISTIGE+INVESTOREN+TGV
These are the top 5 holdings of INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGVBerkshire Hathaway Inc (BRK.A) – 521 shares, 23.36% of the total portfolio. Microsoft Corp (MSFT) – 1,578,000 shares, 20.34% of the total portfolio. Shares reduced by 1%Alphabet Inc (GOOGL) – 86,580 shares, 13.74% of the total portfolio. Tucows Inc (TCX) – 904,292 shares, 9.54% of the total portfolio. Shares added by 1.12%Fastenal Co (FAS
- [By Anders Bylund]
Shares of Tucows (NASDAQ:TCX) rose 12.1% in March 2017, according to data from S&P Global Market Intelligence.
The provider of online business services and a budding bundle of mobile and fiber-optic communications products started March with a bang, announcing a brand-new $40 million share buyback program. For a company with a $476 million market cap at the time, that’s a pretty serious and shareholder-friendly commitment.
- [By Lisa Levin]
Tucows Inc. (USA) (NASDAQ: TCX) shares shot up 17 percent to $42.45 after the company announced plans to acquire eNom from Rightside for $83.5 million.