ATLANTA — Hotel Equities (HE), the hospitality industry’s premier hotel management and development company, announced today that it has created a strategic alliance with private equity firm, Virtua Partners. Virtua Partners is making a series of investments totaling more than $500 million into HE’s hospitality platform. The new capital will be utilized to fuel growth through hotel management company acquisitions, organic growth and strategic investments into various hospitality assets.
CJ Logistics will gain as delivery costs rise and global business improves, said Kiwoom Securities on Sept. 13, maintaining a “buy” recommendation and 220,000 won (US$196.17) target price.
Apple Inc. (AAPL) traded on unusually high volume on Sep. 12, as the stock lost 1.24% to close at $221.07. On the day, Apple Inc. saw 48.96 million shares trade hands on 420,243 trades. Considering that the stock averages only a daily volume of 31.57 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Momentum investing is a strategy which looks at relative trailing 6- and 12- month price performance when determining which stocks to overweight. 2018 has been a good year for momentum stocks, which are up an impressive 11.4%*. Stocks exhibiting value characteristics, on the other hand, have been the worst performers, up only 1.6% during this same time period. However, with momentum outperforming value, as well as the broader equity market, some investors have begun to question whether the outperformance of momentum has run its course.
September 11 was a positive day for Precision Drilling Corporation (PD:CA) as its stock finished the day having gained 5.35% to hit a price of $4.73 a share. The company reached a market cap of 1.39 billion and has 293.72 million shares outstanding. Precision Drilling Corporation is a component of the the S&P/TSX Composite Index.
In early 2007, the then chairman of the Federal Reserve, Ben Bernanke, dismissed the idea that the slowdown in the US housing market had profound implications. It was, according to the man running the world’s most powerful central bank, just a local affair.
Asian equity markets struggled to follow through on the positive close on Wall Street with most major indices in the red. The Nikkei225 slid 0.75%, Hang Seng 0.27% and China shares eased off 0.24%. There was a marginal bid tone to the US dollar as US 10-year yields edged closer to 3%.
September 11 was a positive day for Imperial Metals Corporation (III:CA) as its stock finished the day having gained 7.84% to hit a price of $1.10 a share. The company reached a market cap of 132.86 million and has 120.78 million shares outstanding. Imperial Metals Corporation is a component of the the S&P/TSX SmallCap Index.
Kirkland’s Inc. (KIRK) traded on unusually high volume on Sep. 10, as the stock gained 2.25% to close at $9.56. On the day, Kirkland’s Inc. saw 308,637 shares trade hands on 2,538 trades. Considering that the stock averages only a daily volume of 193,859 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
The recent upside breakout seen in the US Transportation Index is a very important signal for traders. Our research team has been following these moves for many months and we believe the recent upside breakout in the $TRAN is a strong sign of future US Equities price moves and all traders should be paying very close attention.