China's local stock market has fallen for four consecutive weeks. Investors are spooked. And for good reason… China has been cracking down on speculation and financial leverage. And that has caused turbulence in the market. As Bloomberg reported over the weekend… The [Chinese government's] tightening campaign has erased at least $453 billion from the value of Chinese stocks and bonds since mid-April… Sales of asset-management products by lenders and trust companies have plunged by more than 30%, while domestic real estate transactions have slowed. This crackdown might sound bad for the markets at first… But the important thing you need to understand is, China is reining in what needs to be reined in…
good stocks to own: Pluristem Therapeutics Inc.(PSTI)
- [By Lisa Levin]
Pluristem Therapeutics Inc. (NASDAQ: PSTI) shares dropped 20 percent to $1.12. Pluristem disclosed that it has increased its bought deal offering to $15 million of stock and warrants.
good stocks to own: Roadrunner Transportation Systems, Inc(RRTS)
- [By Dan Caplinger]
Tuesday was another down day for the Dow Jones Industrials, which fell more than 100 points to drop further below the 20,000 level. But broader market measures were mixed, and the Nasdaq Composite even managed to gain ground. Continued uncertainty about the impact of new policies from the U.S. federal government have kept markets a bit turbulent, and the beginning of a two-day meeting of the Federal Reserve’s Open Market Committee could set the tone for monetary policy in 2017. Some stocks had bad news that sent them lower today, and among the worst performers were Seadrill (NYSE:SDRL), Roadrunner Transportation Systems (NYSE:RRTS), and Tempur Sealy International (NYSE:TPX). Below, we’ll look more closely at these stocks to tell you why they did so poorly.
good stocks to own: United Parcel Service Inc.(UPS)
- [By Brian Stoffel]
UPS (NYSE:UPS) has long been a proxy for the overall economy. When the economy is strong and consumers are feeling flush, they buy and sell more goods — and no one delivers more of those goods than UPS.
- [By Ben Levisohn]
With companies like Under Armour (UAA), MGM Resorts International (MGM), andUnited Parcel Service (UPS) reporting tomorrow, we thought we’d get a jump start on the stocks moving after today’s close:
- [By WWW.THESTREET.COM]
One part of the outline by the Trump administration on Wednesday would roughly double the standard deduction that Americans can use to reduce their taxable income. For married couples that would move from $12,600 to $24,000. This could cause people not to itemize their tax returns and rather opt for the standard deduction. In turn, the process would be simplified as well as potentially saving taxpayers thousands of dollars each year. That’s money that could be spent on a few more cases of PepsiCo’s beverages or a new wardrobe from Macy’s (M) A delivery company such as UPS (UPS) could see orders tick higher as more confident consumers get to spending.
- [By Todd Campbell, Demitrios Kalogeropoulos, and Reuben Gregg Brewer]
In the case of these three stocks, however, it may be worth taking a gamble. Our contributors think catalysts at Regeneron Pharmaceuticals (NASDAQ:REGN), Royal Dutch Shell (NYSE:RDS-B), and United Parcel Service (NYSE:UPS) can get them back to their winning ways. Read on to find out if these down-and-out stocks are right for your portfolio.
good stocks to own: StoneMor Partners L.P.(STON)
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
good stocks to own: Alliance Fiber Optic Products, Inc.(AFOP)
- [By Monica Gerson]
Alliance Fiber Optic Products (NASDAQ: AFOP) shares rose 7.21% to $21.70. The volume of Alliance Fiber Optic Products shares traded was 397% higher than normal. Alliance Fiber Optic lifted its Q3 revenue outlook.
- [By Lisa Levin]
Alliance Fiber Optic Products Inc (NASDAQ: AFOP) shares shot up 19 percent to $18.47 after the company agreed to be acquired by Corning Incorporated (NYSE: GLW) for $18.50 per share.