Macy’s earnings in focus as holiday demand looms
Macy’s prepares to release its third quarter results amid mixed expectations with earnings per share forecast at about 54 cents and revenue near 6.2 billion. Analysts warn a softer holiday season, noting port disruptions and flat spending. Macy’s targets growth through location based catering, streamlined sales and enhanced service.
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SigFig data show investors heavy in Apple holdings
More than half a million investors nationwide with total assets of 200 billion dollars manage portfolios via SigFig analysis. AAPL appears as the largest holding and most bought and sold asset. 5 day average 1.55 and six month variance of minus 10.80. Data reflect SigFig online tracking and turnover ranges from very active 51 to 100 percent.
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AAPL
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McDonald’s seeks 4000 restaurants and higher dividend
McDonald’s plans to expand to 4,000 franchises from 3,500, raise its dividend by 5 percent, and avoid spinning off properties into an REIT. A consultant auditor questioned financial document accuracy, suggesting possible illegal action. Oct. 13.
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McDonald’s
Why penny stocks mislead investors and risks involved
Penny stocks attract beginners due to low per share price but price alone does not indicate value. Some below one dollar shares may be overvalued as profits evaporate or weak prospects. They attract scammers, risk delisting, and brokers often impose surcharges. Only a small fraction of Russell 3000 trades under one dollar. Avoid those.
Valeant CEO warns of significant short term fallout
Valeant Pharmaceuticals International Chief Executive J Michael Pearson warned of significant short term disruption in the dermatology division after cutting ties with Philidor Rx Services amid allegations of a fraud network. He said the company will survive and aims to have a new distribution system in place within 90 days, including at least one specialty pharmacy.
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