American Express (AXP) has jumped 9% today after reporting better-than-expected earnings, and since it’s a component of the Dow Jones Industrial Average, you’d expect the blue-chip benchmark to be soaring. You’d be wrong, thanks toTravelers Companies (TRV), which has tumbled 5.2% after reporting earnings of its own.
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Now Travelers has a market cap of $33.2 billion, compared to American Express’ $56.6 billion market capitalization. The Dow, however, is price weighted, which means that the higher the price, the greater the stock weighting. American Express is trading at $66.77, while Travelers is trading at $110.22. That makes the move in Travelers count nearly twice as much as the one in American Express. Travelers has subtracted 41.16 points from the Dow Jones Industrial Average, while American Express has added 37.80 points.
Top 5 Blue Chip Stocks To Watch For 2017: Ritchie Bros. Auctioneers Incorporated(RBA)
- [By Scott Rubin]
Big gainers on the session included Ritchie Bros. Auctioneers (NYSE: RBA), which added 24 percent, and Potash Corporation of Saskatchewan (NYSE: POT), which climbed almost 11 percent on the day. Losers included Abercrombie & Fitch Co. (NYSE: ANF), which lost more than 20 percent after disappointing earnings results, and G-III Apparel Group, Ltd. (NASDAQ: GIII), which also fell 20 percent on the day.
- [By Benzinga News Desk]
Raymond James has downgraded Ritchie Bros. Auctioneers Inc (USA) (NYSE: RBA) common stock to Market Perform
Loop Capital's Betsy Van Hees sees storage, networking, and connectivity as the 3 reasons why Marvell Technology Group Ltd. (NASDAQ: MRVL) will return to top-Line growth. She reiterated her Buy rating and $18 price target.
Top 5 Blue Chip Stocks To Watch For 2017: Palo Alto Networks, Inc.(PANW)
- [By Chris Lange]
Palo Alto Networks, Inc. (NYSE: PANW) released its fiscal first-quarter earnings report after the markets closed on Monday. Although the financial results were close to estimates, in fact beating on the bottom line, Palo Alto still suffered this quarter. Compared to Mondays closing price the stock trades near 57-times expected fiscal 2017 earnings, which could offer some explanation as to why investors seem so shaken on mixed earnings.
- [By WWW.THESTREET.COM]
On Monday, Cramer said, he’ll be looking out for Tyson Foods (TSN) , Jack in the Box (JACK) and Palo Alto Networks (PANW) . Tyson is good, but out of favor, Cramer said while remaining bullish on Jack and Palo Alto.
- [By Lisa Levin]
Palo Alto Networks Inc (NYSE: PANW) was down, falling around 12 percent to $130.81 as the company issued disappointing forecast for the current quarter. The company also reported in-line earnings for its third quarter, while sales exceeded analysts’ estimates.
Top 5 Blue Chip Stocks To Watch For 2017: Annaly Capital Management Inc(NLY)
- [By Boniface Murigu]
It’s no secret that mREITs such as American Capital Agency (NASDAQ: AGNC ) (NASDAQ: AGNC ) (NASDAQ: AGNC ) , Annaly Capital Management (NYSE: NLY ) (NYSE: NLY ) (NYSE: NLY ) ,and CYS Investmentshave gone through a very turbulent trading period, with all major players losing a sizable share of market value.
- [By Amanda Alix]
It was just about one year ago that QE3 made its debut, and mortgage REITs, particularly agency-only players like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) began moaning about the increased competition for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.
- [By Amanda Alix]
This development will likely give battered mREITs like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) a huge boost as investors begin to feel less panic regarding a tapering of the current QE3 program. Markets have responded to the Summers announcement by soaring skyward, apparently feeling relief and confidence about the fate of the taper.
- [By Ben Levisohn]
Hatteras Financial (HTS) has jumped 9.4% to $15.60 after agreeing to be purchased byAnnaly Capital Management (NLY) for $1.5 billion.Annaly Capital Management has dropped 1.1% to $$10.30.
- [By Dan Caplinger]
Another tax-law provision gives favorable tax status to real-estate investment trusts. REITs make investments in real estate-related assets, and they’re required to pay out almost all their income to their shareholders annually. Simon Property Group (SPG) is one of the biggest REITs, focusing on shopping malls and paying a 3 percent yield. But other specialty areas of the REIT universe pay much higher dividends, with REITs like Annaly Capital (NLY) that invest in mortgage-backed securities topping the list with double-digit percentage yields.
Top 5 Blue Chip Stocks To Watch For 2017: Rhino Resource Partners LP(RNO)
- [By Alexis Xydias]
Investors are regaining confidence, squeezing pessimists who say the economy remains sluggish outside of Germany and point to record-low trading volume as a lack of conviction in the Euro Stoxxs 61 percent rally of the past two years. Besides gains in stocks from Banco Bilbao Vizcaya Argentaria SA to Renault SA (RNO), yields on Spanish and Italian bonds have declined to a two-year low compared with German bunds and the euro has strengthened 4.6 percent to $1.35 in the past six months.
Top 5 Blue Chip Stocks To Watch For 2017: SK TELECOM ADR EACH REP 1/9 KRW500(CIT)
- [By Lisa Abramowicz]
There was this maturity wall that people were terrified of, said Neil Wessan, the group head of New York-based CIT Group Inc. (CIT)s capital markets unit. Thats been spread out over a much broader period of time.
- [By Ben Levisohn]
We will admit that these latter assumptions are somewhat arbitrary, but nevertheless we cannot help escape the view that in 2017 everything will likely be at least a little adverse to prior expectations. On average our estimate reductions are 8%, and range from 3% at CIT Group (CIT) to 13% at Goldman Sachs. With that, we are lowering our PT of Bank of America,Citigroup andGoldman Sachs from $20, $70 and $243 to $18, $63 and $214, respectively…