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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 07, 2017
Page
9
Be spoke Investment Group analyzes 1928 data to show the S P 500 spends about a third of time in 5% declines. They note declines tend to ease in spring, rise toward Memorial Day, peak for bears in early fall after Labor Day, then ease again near year end.
Tyson Foods reports a confirmed bird flu outbreak at a southern Tennessee operation supplying the world’s largest chicken processor. The company pledges aggressive response and references past outbreaks while recalling risk to business. General Motors plans Opel sale to Peugeot amid restructuring and billions in losses since 2009. Snap Inc posts a share decline with a 12.3 percent drop as stock trades near $23.77.
Snap Inc shares slid for the first time after a strong debut, with five of seven analysts rating a sell and two a hold. The stock’s gains since the IPO have faded by March 6.
Cboe VIX measures expected market volatility from S&P 500 options. The report notes the S&P 500 price to earnings ratio based on trailing twelve month operating earnings. In depth markets coverage from USA Today Money.
GM agrees to divest Opel and Vauxhall to France's PSA Group in a 2.2 billion deal that makes PSA Europe’s second largest automaker behind VW. The sale includes operand brands and aims to boost GM's cash flow for buybacks while assuming pension responsibilities and signaling a shift from European losses. The transaction, subject to regulators, is expected to close by year end 2017.
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