June 19, 2017: Markets opened higher Monday as tech and healthcare stocks carry the day. Th energy, telecom, and utilities lagged on Monday. No significant economic news was released today nor is any expected until Wednesday’s reports on existing homes and crude oil inventories. WTI crude oil for July delivery settled at $44.20 a barrel, down 1.2% for the day. August gold dropped 0.8% for the day to settle at $1,246.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.62% for the day, the S&P 500 traded up 0.78%, and the Nasdaq Composite traded up 1.38%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Apple Inc. (NASDAQ: AAPL) which traded up 2.71% at $146.12. The stock’s 52-week range is $91.50 to $156.65. Volume was less than 10% below the daily average of around 27 million shares. The company had no specific news Monday.
JPMorgan Chase & Co. (NYSE: JPM) traded up 2.21% at $88.08. The stock’s 52-week range is $57.05 to $93.98. Volume was about 30% above the daily average of around 15 million. The company had no specific news.
Best Gold Stocks To Own For 2019: Globus Maritime Limited(GLBS)
- [By Joseph Griffin]
Media coverage about Globus Maritime (NASDAQ:GLBS) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Globus Maritime earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 45.6853785900783 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Best Gold Stocks To Own For 2019: Hardinge Inc.(HDNG)
- [By Reuben Gregg Brewer, Rich Smith, and Sean Williams]
Wall Street has a bad habit of focusing only on the largest and most interesting stories. That means that smaller, and sometimes boring, companies don’t always get the analyst attention they deserve — and that can spell opportunity if you are willing to do the extra legwork to get to know some unknown names. Three Motley Fool investors came up with these stocks to start you off with today:Hardinge Inc. (NASDAQ:HDNG),OrganiGram Holdings, Inc. (NASDAQOTH:OGRMF), andOsisko Gold Royalties Ltd. (NYSE:OR).
Best Gold Stocks To Own For 2019: Territorial Bancorp Inc.(TBNK)
- [By Stephan Byrd]
Territorial Bancorp Inc (NASDAQ:TBNK) Director David S. Murakami sold 4,394 shares of Territorial Bancorp stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $30.67, for a total value of $134,763.98. Following the completion of the transaction, the director now owns 27,494 shares of the company’s stock, valued at approximately $843,240.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
- [By Stephan Byrd]
Shares of Territorial Bancorp (NASDAQ:TBNK) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has 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 $33.50.
- [By Max Byerly]
Shares of Territorial Bancorp Inc (NASDAQ:TBNK) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $33.50.
Best Gold Stocks To Own For 2019: Utilities Select Sector SPDR ETF (XLU)
- [By Todd Shriber, ETF Professor]
With June's reputation for equity market declines, it's probably not surprising that defensive sectors are among the better performers in the sixth month of the year. The Utilities Select Sector SPDR (NYSE: XLU) is usually the best-performing sector SPDR ETF in June, but its average June gains are negligible, according to CXO data.
- [By Jim Crumly]
Stocks sensitive to interest rates rose in anticipation of news from the Federal Reserve meeting this week. TheUtilities Select SPDR ETF (NYSEMKT:XLU) rose 1.2% and theiShares US Home Construction ETF (NYSEMKT:ITB) gained 1.6%.
- [By Jim Crumly]
Rate-sensitive stocks in the utility and real estate sectors led the market. TheUtilities Select SPDR ETF (NYSEMKT:XLU)gained 0.9% and theVanguard REIT ETF (NYSEMKT:VNQ)added 1%.
- [By ]
The sector is priced just 11% above its long-term forward earnings multiple, the second-lowest in the market, and last year’s return was less than a percent over the long-term average. The Utilities Select Sector ETF (NYSE: XLU) pays a 3.4% dividend, twice the 1.7% yield on the S&P 500.
Best Gold Stocks To Own For 2019: Sigma Designs, Inc.(SIGM)
- [By Steve Symington]
Data source: Silicon Laboratories.
What happened with Silicon Labs this quarter?
Revenue was above the high end of guidance provided in late January, which called for a range of $196 million to $202 million. On an adjusted (non-GAAP) basis, which excludes items like equity compensation and acquisition costs, net income was $38.3 million, or $0.87 per share — also above guidance for adjusted earnings per share of between $0.73 and $0.79. IoT revenue grew 17% year over year to $103 million. Infrastructure revenue jumped 37% year over year to $49 million. Broadcast revenue declined 3% to $36 million. Access revenue fell 6% to $17 million. Subsequent to the end of the quarter, on April 18, 2018, Silicon Labs closed its $240 million acquisition of Sigma Designs’ (NASDAQ:SIGM) Z-Wave business. Silicon Labs had initially agreed to acquire all of Sigma Designs this past December for $282 million, but amended the deal last quarter to include only its Z-Wave business after certain closing conditions weren’t met. In any case, the purchase significantly expands Silicon Labs’ position in mesh networking for smart homes.
What management had to say
Silicon Labs CEO Tyson Tuttle said:
Best Gold Stocks To Own For 2019: Corporate Office Properties Trust(OFC)
- [By Max Byerly]
Corporate Office Properties Trust (NYSE:OFC) CEO Stephen E. Budorick bought 526 shares of Corporate Office Properties Trust stock in a transaction dated Thursday, June 28th. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $14,906.84. Following the purchase, the chief executive officer now directly owns 105,368 shares in the company, valued at approximately $2,986,129.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
- [By Shane Hupp]
A.R.T. Advisors LLC cut its position in Corporate Office Properties Trust (NYSE:OFC) by 30.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,700 shares of the real estate investment trust’s stock after selling 41,800 shares during the quarter. A.R.T. Advisors LLC owned approximately 0.09% of Corporate Office Properties Trust worth $2,471,000 at the end of the most recent quarter.
- [By Logan Wallace]
Media headlines about Corporate Office Properties Trust (NYSE:OFC) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8310227240563 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
- [By Stephan Byrd]
Barclays PLC grew its holdings in shares of Corporate Office Properties Trust (NYSE:OFC) by 20.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 244,725 shares of the real estate investment trust’s stock after buying an additional 41,577 shares during the quarter. Barclays PLC owned 0.24% of Corporate Office Properties Trust worth $6,321,000 at the end of the most recent reporting period.