15 August, 2014 by The TZ Newswire Staff Comments Off on Will Old Dominion Freight Line Keep On Trucking?
Will Old Dominion Freight Line Keep On Trucking?
Old Dominion Freight Line (ODFL) is the fifth largest less-than-truckload carrier in the U.S. LTL carriers charge premium prices for smaller loads that don’t require a full 48- or 53-foot trailer. Key Fundamentals Sales growth had been in the single or low double digits for several quarters, but jumped to 19% in Q2. Earnings growth also accelerated from 13% to 26%. Old Dominion’s three-year annual growth rate is a solid 48%.
15 August, 2014 by The TZ Newswire Staff Comments Off on Stock Indexes Fight Back After Russia-Ukraine News
Stock Indexes Fight Back After Russia-Ukraine News
Stocks showed determination Friday as reports of a Russia-Ukraine military clash failed to do much damage. The Nasdaq rose 0.3% after falling as much as 0.6% on the midmorning scare. The S&P 500 closed flat. The IBD 50 advanced 0.3%. Volume rose across the board. Friday was an options expirations day, which often lifts volume. With the market only recently turning to a confirmed uptrend, keeping the uptrend alive is job No. 1.
15 August, 2014 by The TZ Newswire Staff Comments Off on Did Ukraine Attack Its Own Tanks? White House "Can’t Confirm Russian Convoy Was Destroyed By Kiev"
Did Ukraine Attack Its Own Tanks? White House "Can’t Confirm Russian Convoy Was Destroyed By Kiev"
While today’s trading session was marked by news which at first blush correlated with what may be the 2014 equivalent of the Archduke Ferdinand shooting, in retrospect the newsflow made painfully little sense. Let’s recap:
15 August, 2014 by The TZ Newswire Staff Comments Off on Texas’ Perry indicted for coercion for veto threat
Texas’ Perry indicted for coercion for veto threat
Texas Gov. Rick Perry has been indicted for abuse of power after carrying out a threat to veto funding for state public corruption prosecutors. He denies breaking any laws.
15 August, 2014 by The TZ Newswire Staff Comments Off on Wall Street Week Ahead: U.S. stocks a safe haven, even after panic selloffs
Wall Street Week Ahead: U.S. stocks a safe haven, even after panic selloffs
As headlines about an apparent escalation of the conflict in eastern Ukraine hit traders’ screens, selling was the word on Wall Street. Once again, though, for many it looked like nothing but another buying opportunity in U.S. stocks. Benchmark U.S. Treasury yields hit their lowest in 14 months on Friday after Ukraine said its forces had attacked and partly destroyed a Russian armored column that entered Ukrainian territory overnight.
15 August, 2014 by The TZ Newswire Staff Comments Off on U.S. judge appoints lead counsel for GM ignition-switch cases
U.S. judge appoints lead counsel for GM ignition-switch cases
A U.S. judge has appointed two lawyers who led cases against Toyota Motor Corp and a plaintiffs’ attorney from Texas to lead litigation against General Motors Co (GM.N) related to a faulty ignition switch that prompted the recall of millions of vehicles this year. U.S. District Judge Jesse Furman in the Southern District of New York, who is overseeing more than 100 cases against GM, on Friday tapped attorneys Steve Berman, Elizabeth Cabraser and Robert Hilliard as co-lead counsel.
15 August, 2014 by The TZ Newswire Staff Comments Off on What investors should heed for the week ahead
What investors should heed for the week ahead
What to watch this week: A slew of earnings reports from Dollar Tree, Target, Gap, Home Depot, and Lowe’s. Plus, Federal Reserve Chair Janet Yellen and ECB president Mario Draghi speak at the Jackson Hole economic conference. And new evidence that Americans are not spending money on housing.