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Stock Market News for May 24, 2017

Benchmarks closed in the green on Tuesday following the release of Trump s budget proposal which was more or less in line with expectations Financials moved north led by gains in bank stocks Energy shares advanced following rise in expectations of production cuts by major oil...
Posted On 25 May 2017

New Home Sales Fall 11.4%, Worse than Expected

Wednesday May 24th 2017 Following yesterday s Ahead of Wall Street April New Home Sales figures fell by the largest amount in over two years 11 4 Analysts had been looking for a much more modest 1 drop This figure also represents the second straight drop in new home sales Source
Posted On 25 May 2017

5 Ways to Build A Better Tax Plan for 2017

You just finished your 2016 taxes but it s not too early to make plans for 2017 As a CPA financial adviser and former IRS agent I see a lot of financial plans that don t consider tax efficiency You just finished your 2016 taxes but it s not too early to make plans for 2017 As a...
Posted On 25 May 2017

Is Trumps Tax Plan Destined For Failure?

In many ways, President Trump failed to deliver on the sweeping pledges he raised during the campaign trail. Following the inauguration, the narrative quickly shifted from draining the swamp to a bad reality show featuring broken promises and investigations into foul play. But...
Posted On 25 May 2017

3 Opportunities Arconic Bears Need to Know

The separation of Alcoa 160 NYSE AA into two separate publicly traded companies has been followed by more drama than anyone thought was possible for a boring old aluminum producer and parts manufacturer The unfolding soap opera may have peaked when Arconic 160 NYSE Source
Posted On 25 May 2017

How Holly Energy Partners, L.P. Makes Most of Its Money

Holly Energy Partners L P NYSE HEP is in the oil and natural gas midstream space However that only tells you so much since there are a variety of different businesses that get labeled midstream So you need to take a moment to learn how Holly Energy actually makes most of Source
Posted On 25 May 2017

Achaogens Plazomicin Gets Breakthrough Therapy Designation

Achaogen Inc AKAO announced that the FDA granted Breakthrough Therapy designation for plazomicin for the treatment of serious bacterial infections due to MDR enterobacteriaceae including carbapenem resistant enterobacteriaceae CRE Achaogen s shares are up 100 3 year to date Source
Posted On 25 May 2017

Advance Auto Parts (AAP) Q1 Earnings Miss Estimates, Down Y/Y

Advance Auto Parts Inc 160 AAP 160 reported a 36 decline in adjusted earnings to 1 60 per share in the first quarter of fiscal 2017 ended Apr 22 2017 from 2 51 earned in the prior year quarter The figure also missed the Zacks Consensus Estimate of 2 12 Adjusted net Source
Posted On 25 May 2017

Netflix Is Building an Army in Europe

Netflix Inc NASDAQ NFLX announced the opening this week of a new European customer service center in Amsterdam which will support customers in 11 European countries including Belgium Denmark Finland Ireland Luxembourg the Netherlands Norway Poland Romania Sweden and Source
Posted On 25 May 2017

JetBlue Airways Sees Brighter Skies Ahead

JetBlue Airways NASDAQ JBLU stock plummeted in January after the carrier s first quarter unit revenue guidance fell well short of investors expectations Indeed revenue per available seat mile RASM slumped 4 8 year over year last quarter However JetBlue reacted swiftly Source
Posted On 25 May 2017