Tuesday morning brought a bit of a letdown for the stock market, as major indexes pulled back from their big gains from before the holiday weekend. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES:^DJI) was down 32 points to 25,851. Elsewhere, the S&P 500 (SNPINDEX:^GSPC) lost a fraction of a point to 2,775, but the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 8 points to 7,480.
Earnings season has continued to give a largely positive reading on the U.S. economy, and certain companies releasing their latest financials today had some encouraging things to add. Walmart (NYSE:WMT) and Medtronic (NYSE:MDT) issued their quarterly reports Tuesday morning, and although they're in very different industries, both showed signs of strength heading into 2019.
The big-box giant heads for the e-commerce worldShares of Walmart jumped 3% after the retail giant released its fourth-quarter financial report. News from the Arkansas-based big-box retailer was good, with revenue growing 2% and adjusted earnings per share rising 6% from year-earlier levels. Comparable sales in the U.S. climbed 4.1%, accelerating from its 2.8% pace in the fourth quarter of the previous year on solid results from the company's namesake Walmart stores and its Sam's Club warehouse locations.
Top 5 Financial Stocks To Invest In 2019: INTL FCStone Inc.(INTL)
Advisors' Opinion:- [By Logan Wallace]
INTL FCStone (NASDAQ:INTL) released its earnings results on Tuesday. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.20, Bloomberg Earnings reports. INTL FCStone had a positive return on equity of 3.32% and a negative net margin of 0.02%.
- [By Shane Hupp]
INTL FCStone (NASDAQ:INTL) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.
- [By Ethan Ryder]
INTL Fcstone (NASDAQ:INTL) and OTC Markets Group (OTCMKTS:OTCM) are both small-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, earnings, dividends, institutional ownership, valuation, risk and profitability.
Top 5 Financial Stocks To Invest In 2019: Argo Group International Holdings Ltd.(AGII)
Advisors' Opinion:- [By Max Byerly]
Lord Abbett & CO. LLC purchased a new position in shares of Argo Group (NASDAQ:AGII) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 840,251 shares of the insurance provider’s stock, valued at approximately $48,230,000. Lord Abbett & CO. LLC owned approximately 2.49% of Argo Group as of its most recent filing with the SEC.
- [By Stephan Byrd]
Argo Group (NASDAQ: AGII) and Stewart Information Services (NYSE:STC) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their valuation, risk, earnings, dividends, institutional ownership, profitability and analyst recommendations.
- [By Joseph Griffin]
Barclays PLC raised its stake in Argo Group (NASDAQ:AGII) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,691 shares of the insurance provider’s stock after acquiring an additional 1,754 shares during the period. Barclays PLC’s holdings in Argo Group were worth $499,000 as of its most recent SEC filing.
Top 5 Financial Stocks To Invest In 2019: First Bancorp(FBNC)
Advisors' Opinion:- [By Stephan Byrd]
First Bancorp (NASDAQ:FBNC) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.50.
- [By Logan Wallace]
Bank of New York Mellon Corp cut its stake in First Bancorp (NASDAQ:FBNC) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,183 shares of the financial services provider’s stock after selling 4,992 shares during the quarter. Bank of New York Mellon Corp owned about 0.65% of First Bancorp worth $7,903,000 as of its most recent SEC filing.
- [By Joseph Griffin]
First Bancorp (NASDAQ:FBNC)‘s stock had its “buy” rating reaffirmed by analysts at Brean Capital in a note issued to investors on Monday.
- [By Ethan Ryder]
First Bancorp (NASDAQ:FBNC) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
- [By Logan Wallace]
First Bancorp (NASDAQ:FBNC) CEO Richard H. Moore purchased 1,250 shares of First Bancorp stock in a transaction dated Wednesday, September 19th. The shares were purchased at an average cost of $39.79 per share, with a total value of $49,737.50. Following the acquisition, the chief executive officer now owns 139,935 shares of the company’s stock, valued at approximately $5,568,013.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Top 5 Financial Stocks To Invest In 2019: SL Green Realty Corporation(SLG)
Advisors' Opinion:- [By Max Byerly]
Sterlingcoin (CURRENCY:SLG) traded flat against the dollar during the one day period ending at 9:00 AM Eastern on October 1st. In the last week, Sterlingcoin has traded 3.1% higher against the dollar. One Sterlingcoin coin can currently be purchased for about $0.0337 or 0.00000516 BTC on exchanges. Sterlingcoin has a market capitalization of $143,001.00 and approximately $0.00 worth of Sterlingcoin was traded on exchanges in the last 24 hours.
- [By Max Byerly]
Sterlingcoin (SLG) is a proof-of-stake (PoS) coin that uses the
X13 hashing algorithm. It was first traded on September 21st, 2014. Sterlingcoin’s total supply is 4,241,006 coins. Sterlingcoin’s official Twitter account is @SterlingcoinSLG and its Facebook page is accessible here. The Reddit community for Sterlingcoin is /r/sterlingcoin and the currency’s Github account can be viewed here. The official website for Sterlingcoin is sterlingcoin.org. - [By Shane Hupp]
Sterlingcoin (CURRENCY:SLG) traded down 0.7% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on September 8th. One Sterlingcoin coin can currently be bought for $0.0303 or 0.00000468 BTC on cryptocurrency exchanges. In the last seven days, Sterlingcoin has traded 26.6% lower against the dollar. Sterlingcoin has a total market cap of $128,686.00 and approximately $20.00 worth of Sterlingcoin was traded on exchanges in the last 24 hours.
- [By Joseph Griffin]
Swiss National Bank lessened its stake in SL Green Realty (NYSE:SLG) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,900 shares of the real estate investment trust’s stock after selling 51,200 shares during the period. Swiss National Bank owned 0.35% of SL Green Realty worth $30,589,000 as of its most recent SEC filing.
Top 5 Financial Stocks To Invest In 2019: 1st Source Corporation(SRCE)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on 1st Source (SRCE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
1st Source (NASDAQ:SRCE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on 1st Source (SRCE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
1st Source (NASDAQ:SRCE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
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