Every night in 1995, I would deposit money overnight in a different currency… Sounds strange, I realize. But back then, as the vice president of a global mutual fund, one of my jobs was to execute our fund's trades. Once our U.S. trading day was done, we wanted our money to work for us overnight as well. We might put our money into French francs, German marks, or somewhere else – just for the night. We would find the safest country that was paying the highest interest rate. And we would put our money there overnight. No kidding. As I'll explain today, what we were doing wasn't anything special… Big companies like German automaker Volkswagen and Japanese automaker Honda (and thousands of other companies) have cash-management departments that do basically the same thing – on a much larger scale.
Hot Safest Stocks To Watch For 2018: AFC Enterprises Inc.(AFCE)
- [By AnnaLisa Kraft]
AFC Enterprises (NASDAQ: AFCE ) , which owns the Popeye’s Louisiana Kitchen quick- serve chain, once an undiscovered gem, has now soared 66% over the last year.
Hot Safest Stocks To Watch For 2018: Fiat Chrysler Automobiles N.V.(FCAU)
- [By Ben Levisohn]
Yesterday, Volkswagen announced that it had reached a deal with U.S. Justice Department to pay $4.3 billion to settle charges that it had used software to cheat emission tests. Today, it’s Fiat Chrysler Automobiles’ (FCAU) turn to be in the spotlight after the EPA accused it of gaming emissions standards.
- [By ]
Specifically, companies like Fiat Chrysler Automobiles (FCAU) , GM and Ford manufacturer the vehicles, but then franchised distributors (i.e., dealerships) are the ones who sell them to the consumer. These dealerships allow for test drives and services centers as well.
- [By Paul Ausick]
The Detroit Three posted mixed results. Ford Motor Co. (NYSE: F) put up a gain of 7% year over year in November, with sales of more than 210,000 units. General Motors Co. (NYSE: GM) posted a sales decline of 2.9% but still sold more than 245,000 units. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) slipped 3.8% year over year, with unit sales of 156,000.
- [By Douglas A. McIntyre]
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is moving a large number of jobs to Michigan. According to The Wall Street Journal:
Fiat Chrysler Automobiles said Thursday it would invest $1 billion to move production of profitable trucks from Mexico to Michigan, a move that will significantly lower the auto makers exposure to potential changes to Nafta.
- [By Benzinga News Desk]
President Trump’s Department of Justice gave its expert witness a second chance on Tuesday to make a convincing case against AT&T’s (NYSE: T) proposed $85 billion buyout of CNN-owner Time Warner (NYSE: TWX): Link
US MBA mortgage applications w.e. 20 April -0.2% vs +4.9% prior
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
The Treasury is set to auction 5-year notes at 1:00 p.m. ET.
BMO upgraded Disney (NYSE: DIS) from Underperform to Market Perform
Stifel upgraded Alphabet (NASDAQ: GOOGL) from Hold to Buy
Jefferies downgraded Fiat Chrysler (NYSE: FCAU) from Buy to Hold
Stifel downgraded Floor & Decor (NYSE: FND) from Buy to Hold
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Hot Safest Stocks To Watch For 2018: LKQ Corporation(LKQ)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was LKQ Corp. (NASDAQ: LKQ) which traded down about 19% at $30.43. The stocks 52-week range is $29.60 to $43.86. Volume was 15 million compared to the daily average volume of 1.8 million.
- [By Lisa Levin]
LKQ Corporation (NASDAQ: LKQ) was down, falling around 16 percent to $31.49 following weaker-than-expected quarterly earnings.
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
Hot Safest Stocks To Watch For 2018: TransEnterix, Inc.(TRXC)
- [By Lee Jackson]
Ahuge 10% owner of TransEnterix Inc. (NYSE: TRXC) camein and bought more shares last week. SOFAR SpA added3,722,685 more shares of the medical device companys stock at a reported $1.40 apiece. The total for the trade was posted at $5,226,650.
- [By Lisa Levin]
Transenterix Inc (NASDAQ: TRXC) was down, falling around 38 percent to $0.681. TransEnterix reported the pricing of $24.9 million public offering of common stock and warrant.
- [By Jim Robertson]
On Friday, four out of ten of the worst performing small cap stocks had double digit losses due to announcing public stock offerings:
Medical device stock Transenterix Inc (NYSEMKT: TRXC) sank 40.37% after announcing a $24.9 million offeringand the pricing of its public offering of units, each consisting of one share of the Companys common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase 0.75 shares of common stock at a price of $1.00 per unit: