1 July, 2015 by The TZ Newswire Staff Comments Off on Xoom shares spike 25% on PayPal takeover
Xoom shares spike 25% on PayPal takeover
PayPal—which will become independent from eBay later this month—will pay $25 per share in an all-cash deal.
1 July, 2015 by The TZ Newswire Staff Comments Off on Desperate Greeks Resort To Scavenging Through Garbage To Find Food
Desperate Greeks Resort To Scavenging Through Garbage To Find Food
Earlier today we documented the “heartbreaking” plight of Greece’s retirees who have been reduced to lining up in front of Greek banks hoping for a chance to collect a portion of their pensions. Some went away empty handed (there were reports that only those whose last names began with “A” through “K” were paid on Wednesday) and those who did manage to leave with cash were only allowed to access a third of their usual payouts.
1 July, 2015 by The TZ Newswire Staff Comments Off on Cuban-Americans on embassies: It’s about time
Cuban-Americans on embassies: It’s about time
Some Cuban-Americans are saying that progress between the U.S. and Cuba is long overdue, and that embassies are a step forward.
1 July, 2015 by The TZ Newswire Staff Comments Off on Major ETFs Get New Look After Russell Index Rebalance
Major ETFs Get New Look After Russell Index Rebalance
ETFs tracking the newly rebalanced Russell indexes received a lickety-spit makeover Monday. The large-cap index tracked by the $11.3 billion iShares Russell 1000 (IWB) gained 48 stocks including biotech firms Receptos (RCPT) and Bluebird Bio (BLBD). It also lost 50 companies such as Advanced Micro Devices (AMD) and retailer Big Lots (BIG).
1 July, 2015 by The TZ Newswire Staff Comments Off on Hot Stocks: G-III Apparel Could Offer Another Chance
Hot Stocks: G-III Apparel Could Offer Another Chance
The best stocks create regret. A stock breaks out of a base and, perhaps for a variety of reasons, an investor decides not to open a position. In this balky and pressurized uptrend, caution is understandable. G-III Apparel Group (GIII) is a good example of a stock that is creating regret with each tick up. The stock broke out of a first-stage base in early June, and now is up almost 20% from the ideal buy point of 60.26.
1 July, 2015 by The TZ Newswire Staff Comments Off on Rail Slump To Continue? CSX Bases Ahead Of Q2 Results
Rail Slump To Continue? CSX Bases Ahead Of Q2 Results
The rail transportation industry is stuck in the cellar of IBD’s 197 industry groups, and the Dow Jones transportation index topped back in November. But rail operator CSX (CSX) has held up better than many of its peers, partly because of a stout 2.2% dividend yield. In April, along with healthy Q1 results, CSX announced a 13% hike in its quarterly dividend to 18 cents a share.
1 July, 2015 by The TZ Newswire Staff Comments Off on Juno, Celgene Lead 5 Top Biotechs Nearing Buy Point
Juno, Celgene Lead 5 Top Biotechs Nearing Buy Point
Biotechs have not only shown resilience during bouts of volatility the past few months but they also remain a top group with many leading stocks setting up in bases. On Tuesday, biotech startupJuno Therapeutics (JUNO) soared 15% in heavy trading following its late Monday announcement of a $1 billion deal with Celgene (CELG).