Confidence Shifts as Market Turmoil Tests Consumer Mood
The piece notes a drop in University of Michigan sentiment to 85.7 from 91.9, signaling fading gains in confidence. It also cites a stock sell-off after the Fed paused rate hikes due to global turmoil and China slowdown, with BeSpoke Investment’s Paul Hickey awaiting the Michigan reading’s final revision.
MENTIONED IN THIS ARTICLE
The
University of
Michigan
Wall Street
Federal Reserve
Fed
Main Street
Paul Hickey
Bespoke Investment Group
U. of Michigan
SigFig analysis shows US investors hold AAPL as top stock
More than half a million investors with $200 billion in assets use SigFig to track portfolios. Data indicate 5 day average 2.5, 6 month average 4.69, largest holding AAPL, most bought NVO, most sold BAC, reflecting online portfolio allocation trends across the nation.
MENTIONED IN THIS ARTICLE
Paypal
PYPL
SigFig
USA
America
AAPL
NVO
BAC
U.S
NBL
NFLX
New York Stock Exchange
Barnes & Noble
Stock Declines on Broad Selloff After Earnings
STORY STOCKS shows price at 65.80, down 4.40 or 6.3 percent amid a broad market retreat. Intraday high reached 66.70 and low 64.65 as investors reassessed recent earnings and guidance.
Caterpillar weighs mass job cuts in 10k+ plan
Shares in a social messaging firm slipped after Citigroup cut its price target to 30 from 37 amid lower 2016 ad revenue estimates. Caterpillar signals a sweeping cost drive. The plan could cut over 10,000 jobs, affecting more than 8 percent of its 126,800 employees.
MENTIONED IN THIS ARTICLE
Tenet Tenet Healthcare
Universal Health Service
UHS
M&a
Equinix
EQIX
United Continental Holdings
UAL
teoHéed
Leggett & Platt
Les
Columbia Pipeline Group
CPGX
Citigroup
Caterpillar
Four Week Trend on Fairway Cash Flow Risks
Concerns circulate that Fairway a company operating from 1.14 grocery stores selling healthy organic products may struggle to meet loan obligations. Reports reference dates August 27 and September 24.
MENTIONED IN THIS ARTICLE
Fairway
Cery
Caterpillar warns of job cuts as energy slowdown hurts
Caterpillar announced up to 5000 permanent job cuts by end of 2016 as global energy and mining slowdowns weigh on the company. Revenue for 2016 is forecast to fall about 5 percent from 2015, with 2015 revenue weaker than expected. Shares fell 6.3 percent to 65.80, while analysts’ targets vary.
MENTIONED IN THIS ARTICLE
Caterpillar
SEC says Barnes & Noble takeover bid fraud case against Glickstein
The SEC alleges that Asset Management LLC led by Michael Glickstein fraudulently touted a bid for Barnes & Noble that investors rushed to buy shares on. Glickstein and the firm agreed to return 175000 in ill gotten gains, paid a 100000 civil penalty, and face a five year industry ban while Asset Management faced a regulatory censure.
MENTIONED IN THIS ARTICLE
SEC
Barnes & Noble
Securities and Exchange Commission
Michael Glickstein
G Asset Management LLC
Glickstein
Asset Management
Nook Electronic Reader
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