Tech Stocks Hanging On To Moderate Gains

Tech Stocks Hanging On To Moderate Gains

Technology stocks were recovering Friday from several days of declines earlier this week, with shares of tech companies in the S&P 500 increasing by nearly 0.4%. In company news, Oracle (ORCL) retreated Friday after the enterprise software firm last night offered up projected revenue growth for its current financial reporting period trailing Wall Street estimates. The company is expecting fiscal Q2 revenue for the three months ending in late November […]

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Bond Prices Mixed, Mostly Lower

Bond Prices Mixed, Mostly Lower

U.S. Treasury prices fell further Friday with the shorter end hit hardest. The 10-year is holding near the technically significant 2.20% point, with a close through that level seen as prompting more selling. The five-year note was flirting with Thursday’s lows which marked levels last seen in mid July. A more hawkish Bank of England tone weighed on prices. Hurricane-affected data were mixed, with soft retail sales and consumer confidence […]

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Cedar Realty Trust Commences Preferred Stock Offering

Cedar Realty Trust Commences Preferred Stock Offering

Cedar Realty Trust has commenced an offering to sell series C cumulative redeemable preferred stock through an underwritten public offering. The company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares initially sold to the public. The proceeds will be used to partially redeem the company’s 7.25% series B cumulative redeemable preferred stock. Pending such use, the net proceeds will be […]

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Canaccord Raises Canada Goose Target

Canaccord Raises Canada Goose Target

Shares of Canada Goose Holdings were up over 2% higher Friday after Canaccord Genuity raised its price target to CAD34 ($26.8) from CAD33 per share, while reiterating a buy rating following the company’s fiscal Q1 report which was better-than-expected. The broker said Canada Goose was the only brand this season to receive “requests for early deliveries as most fall/winter brands are seeing their deliveries get pushed out closer to holiday.” […]

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Altaba Launches Share Repurchase Program

Altaba Launches Share Repurchase Program

Altaba Inc. shares were barely higher Monday after the closed-end management investment firm said it authorized the repurchase of up to $5 billion of its common stock. Altaba said in June that it had repurchased approximately 64.5 million common shares, or approximately 6.7% of the company’s issued and outstanding shares, for $3.4 billion in a modified Dutch auction self-tender offer. The repurchase authorization marks the next stage of the company’s […]

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European ADRs Trading Down

European ADRs Trading Down

American depository receipts of European stocks were trading 0.04% lower at 133.70 on the Bank of New York Mellon Europe ADR Index on Friday. In continental Europe, the gainers were led by software company Talend (TLND), and Logitech (LOGI), a maker of personal computer and mobile accessories, which rose 2.1% and 2% respectively. They were followed by online hotel search platform Trivago (TRVG), and pharmaceutical firm Novo Nordisk (NVO), which […]

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CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Homes, a homebuilder and a unit of CalAtlatic Group, said pre-market Tuesday it has begun homebuilding operations in Seattle, Washington, through its acquisition of the homebuilding operations of Seattle-based developer and homebuilder Oakpointe LLC. As a result of the deal, CalAtlantic now owns and controls over 1,750 homesites in 19 future communities, 7 of which are expected to be actively selling by February. In connection with the land acquisition, […]

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