President Donald Trump retreated from imposing tariffs on billions of dollars worth of Chinese goods because of White House discord over trade strategy and concern about harming negotiations with North Korea, according to people briefed on the administration’s deliberations.
Trump also succumbed to pressure from farm-state Republicans, who heavily lobbied the White House to resolve its trade differences with China, which had especially targeted U.S. agricultural products with planned retaliatory tariffs.
Treasury Secretary Steven Mnuchin said Sunday that the administration’s plan to impose tariffs had been suspended, and Trump said on Twitter on Monday that the Chinese had agreed to purchase unspecified amounts of American farm products. Some of his loyalists led by former chief strategist Steven Bannon criticized the deal as a capitulation.
The agreement at least delays a trade war between the world’s two largest economies, a prospect that has rattled financial markets for months. But many U.S. concerns about China’s economic practices remain unresolved: its acquisition of American technologies; the country’s plans to subsidize the growth of advanced domestic industries such as artificial intelligence and clean energy; and U.S. companies’ access to China’s markets.
Top 5 Clean Energy Stocks To Own For 2018: Varex Imaging Corporation (VREX)
Advisors' Opinion:- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Fluor Corporation (NYSE: FLR) fell 13.4 percent to $51.10 in pre-market trading after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year. Integrated Media Technology Limited (NASDAQ: IMTE) fell 9.8 percent to $28.97 in pre-market trading after surging 46.29 percent on Thursday. Gogo Inc. (NASDAQ: GOGO) shares fell 8.2 percent to $8.81 in pre-market trading after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow. Sharing Economy International Inc. (NASDAQ: SEII) shares fell 7.5 percent to $3.98 in pre-market trading after climbing 22.16 percent on Thursday. Arista Networks, Inc. (NYSE: ANET) fell 7.4 percent to $248.00 in pre-market trading following first-quarter earnings. Web.com Group, Inc. (NASDAQ: WEB) fell 6.7 percent to $18.00 in pre-market trading after reporting Q1 results. Varex Imaging Corporation (NASDAQ: VREX) fell 5.2 percent to $34 in pre-market trading after reporting Q2 results. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) shares fell 5.2 percent to $7.60 in pre-market trading after dropping 3.02 percent on Thursday. AMN Healthcare Services, Inc (NYSE: AMN) shares fell 4.7 percent to $61.70 in pre-market trading following Q1 earnings. HSBC Holdings plc (NYSE: HSEA) fell 4.6 percent to $25.15 in pre-market trading after reporting Q1 results. Stratasys Ltd. (NASDAQ: SSYS) shares fell 4 percent to $16.66 in pre-market trading after dropping 2.86 percent on Thursday. Melco Resorts & Entertainment Limited (NASDAQ: MLCO) fell 4 percent to $30.65 in pre-market trading. Century Aluminum Co (NASDAQ: CENX) fell 4 percent to $15.76 in pre-market trading following Q1 results. HSBC Holdings plc (NYSE: HSBC) shares fell 3.5 percent to $48.10 in pre-market tr
Top 5 Clean Energy Stocks To Own For 2018: Oaktree Capital Group, LLC(OAK)
Advisors' Opinion:- [By Dan Caplinger]
Asset management companies like Oaktree Capital Group (NYSE:OAK) have to deal with market volatility in two very different ways. On one hand, they have to produce the exceptional returns that keep them ahead of their peers even when conditions make it difficult. Yet even when they are able to outperform, asset managers also have to address the fears of their clients, many of whom start to flee in down markets even when their funds are holding up quite well.
- [By Benzinga News Desk]
President Donald Trump hinted he may intervene in the Justice Department’s Russia investigation, as a Senate panel advanced a measure to protect Special Counsel Robert Mueller: Link
ECONOMIC DATA USA GDP (QoQ) for Q1 2.30% vs 2.00% Est; Prior 2.90% The University of Michigan's consumer confidence index for April is schedule for release at 10:00 a.m. ET. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET. Data on farm prices for the recent week will be released at 3:00 p.m. ET. ANALYST RATINGS Stifel upgraded Facebook (NASDAQ: FB) from Hold to Buy Morgan Stanley upgraded Acacia Communications (NASDAQ: ACIA) from Underweight to Equal-Weight Jefferies downgraded Sunoco (NYSE: SUN) from Hold to Underperform KBW downgraded Oaktree Capital (NYSE: OAK) from Outperform to Market PerformThis is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Top 5 Clean Energy Stocks To Own For 2018: GAIN Capital Holdings, Inc.(GCAP)
Advisors' Opinion:- [By Joseph Griffin]
GAIN Capital (NYSE:GCAP) General Counsel Diego Rotsztain sold 3,184 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $8.23, for a total value of $26,204.32. Following the completion of the transaction, the general counsel now directly owns 98,663 shares in the company, valued at approximately $811,996.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
- [By Ethan Ryder]
LSV Asset Management decreased its position in GAIN Capital (NYSE:GCAP) by 3.1% in the 1st quarter, HoldingsChannel reports. The fund owned 410,684 shares of the financial services provider’s stock after selling 13,200 shares during the period. LSV Asset Management’s holdings in GAIN Capital were worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Joseph Griffin]
These are some of the news articles that may have impacted Accern’s scoring:
Get GAIN Capital alerts: eToro Announces U.S. Crypto Trading (finance.yahoo.com) Strength: Opportunity zones should spur new growth (savannahnow.com) How Has the New US Tax Law Affected Deductions for Foreign Property Ownership? (mansionglobal.com) How to properly give the cottage to your kids (theglobeandmail.com) GAIN Capital (GCAP) Presents At Needham Emerging Technology Conference – Slideshow (seekingalpha.com)GAIN Capital opened at $8.15 on Wednesday, MarketBeat Ratings reports. GAIN Capital has a fifty-two week low of $5.63 and a fifty-two week high of $13.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The stock has a market cap of $364.74 million, a PE ratio of -40.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.01.
- [By Joseph Griffin]
GAIN Capital (NYSE:GCAP) insider Samantha Roady sold 4,826 shares of GAIN Capital stock in a transaction on Monday, May 7th. The stock was sold at an average price of $8.23, for a total transaction of $39,717.98. Following the completion of the transaction, the insider now owns 221,191 shares in the company, valued at approximately $1,820,401.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Top 5 Clean Energy Stocks To Own For 2018: Transdigm Group Incorporated(TDG)
Advisors' Opinion:- [By Shane Hupp]
TransDigm Group (NYSE:TDG) insider Roger Jones sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $323.78, for a total value of $1,618,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
- [By Joseph Griffin]
Astronics (NASDAQ: ATRO) and TransDigm Group (NYSE:TDG) are both aerospace companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.
Top 5 Clean Energy Stocks To Own For 2018: Gap, Inc. (GPS)
Advisors' Opinion:- [By Lisa Levin]
Companies Reporting After The Bell Ross Stores, Inc. (NASDAQ: ROST) is projected to post quarterly earnings at $1.07 per share on revenue of $3.54 billion. Autodesk, Inc. (NASDAQ: ADSK) is expected to post quarterly earnings at $0.03 per share on revenue of $557.65 million. Gap, Inc. (NYSE: GPS) is projected to post quarterly earnings at $0.46 per share on revenue of $3.60 billion. Quality Systems, Inc. (NASDAQ: QSII) is estimated to post quarterly earnings at $0.13 per share on revenue of $131.95 million. Splunk Inc. (NASDAQ: SPLK) is expected to post quarterly loss at $0.09 per share on revenue of $297.67 million. Shoe Carnival, Inc. (NASDAQ: SCVL) is projected to post quarterly earnings at $0.71 per share on revenue of $262.02 million. Deckers Outdoor Corporation (NYSE: DECK) is expected to post quarterly earnings at $0.19 per share on revenue of $375.41 million. Zoe's Kitchen, Inc. (NYSE: ZOES) is estimated to post quarterly loss at $0.01 per share on revenue of $105.30 million. DXC Technology Company (NYSE: DXC) is expected to post quarterly earnings at $2.23 per share on revenue of $6.12 billion. 8x8, Inc. (NASDAQ: EGHT) is estimated to post quarterly loss at $0.05 per share on revenue of $76.93 million. Viasat, Inc. (NASDAQ: VSAT) is projected to post quarterly loss at $0.45 per share on revenue of $424.46 million. ePlus inc. (NASDAQ: PLUS) is estimated to post quarterly earnings at $1.01 per share on revenue of $1.60 billion. Lions Gate Entertainment Corp. (NYSE: LGF.A) is expected to post quarterly loss at $0.04 per share on revenue of $1.04 billion. Agilysys, Inc. (NASDAQ: AGYS) is estimated to post quarterly loss at $0.08 per share on revenue of $32.58 million. Nutanix, Inc. (NASDAQ: NTNX) is estimated to post quarterly loss at $0.19 per share on revenue of $278.98 million. Veeva Systems Inc. (NYSE: VEEV) is projected to post quarterly earnings at $0.31 per share on revenue - [By JJ Kinahan]
Over on earnings row, Best Buy Co. Inc. (NYSE: BBY) posted Q1 earnings of 82 cents a share, above Wall Street analysts’ estimates of 74 cents. Revenue also beat estimates, and same-store sales jumped 7.1 percent. This continued what has generally been a positive earnings season for most of the major retailers. However, shares of BBY slid 5 percent early in the session. Another retailer, Gap Inc. (NYSE: GPS), is scheduled to report after the close today.
- [By ]
For his "Executive Decision" segment, Cramer sat down with Art Peck, president and CEO of Gap Inc. (GPS) , the bricks-and-mortar retailer that saw its shares rise over 50% last year, only to slip this year, down 9%.
- [By Taylor Cox]
Notable Earnings
Best Buy Co., Inc (NYSE: BBY) Q1 premarket Splunk Inc (NASDAQ: SPLK) Q1 after hours Ross Stores, Inc (NASDAQ: ROST) Q1 after hours The Gap, Inc (NYSE: GPS) Q1 after hours Nutanix, Inc (NASDAQ: NTNX) Q3 after hoursIPOs
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