German exports fell the most in more than five years at the start of 2018, holding back growth in Europe’s largest economy.
A breakdown of first-quarter gross domestic product data showed foreign sales fell 1 percent, the most since 2012. Imports also declined, and net trade knocked 0.1 percentage point off GDP.
“The drop in exports could be a first sign that the appreciation of the euro in 2017 has started to leave its mark on the economy,” said Carsten Brzeski, an economist at ING-Diba in Frankfurt. But “strong private consumption, the pick-up of investments and low inventories still bode well for the German growth outlook.”
The euro has gained 11 percent against the dollar since the start of 2017. It was up 0.2 percent at $1.1717 as of 9 a.m. Frankfurt time.
Top Growth Stocks To Buy For 2019: Allstate Corporation (ALL)
- [By Shane Hupp]
Principal Financial Group Inc. cut its position in Allstate (NYSE:ALL) by 7.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,075,644 shares of the insurance provider’s stock after selling 165,995 shares during the quarter. Principal Financial Group Inc.’s holdings in Allstate were worth $196,771,000 as of its most recent SEC filing.
- [By Shane Hupp]
Allion (CURRENCY:ALL) traded up 4.4% against the US dollar during the 24 hour period ending at 8:00 AM Eastern on May 29th. One Allion coin can currently be purchased for $0.0143 or 0.00000193 BTC on popular exchanges including YoBit, Cryptopia and CoinExchange. Allion has a total market cap of $88,618.00 and $1,993.00 worth of Allion was traded on exchanges in the last 24 hours. During the last week, Allion has traded down 4.3% against the US dollar.
- [By Stephan Byrd]
Guggenheim Capital LLC grew its position in shares of Allstate Corp (NYSE:ALL) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,877 shares of the insurance provider’s stock after purchasing an additional 22,475 shares during the period. Guggenheim Capital LLC’s holdings in Allstate were worth $50,327,000 as of its most recent SEC filing.
- [By Lee Jackson]
Insurance companies tend to do well as rates rise, and this sector giant may be an outstanding pick for investors. Allstate Corp. (NYSE: ALL) is the largest publicly traded personal lines insurance company, with about 12% of the personal lines market (one in eight households). Allstate is primarily a direct writer. Besides a full array of personal lines P/C products (preferred, standard and nonstandard auto insurance, and homeowners’ insurance), the company also offers life insurance and annuity products.
Top Growth Stocks To Buy For 2019: Braskem S.A.(BAK)
- [By Max Byerly]
Aemetis (NASDAQ: AMTX) and Braskem (NYSE:BAK) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, risk, valuation, profitability and analyst recommendations.
- [By Dan Caplinger]
The stock market eased lower on Friday, but major benchmarks managed to come back considerably from their worst levels of the day. At its lows, the Dow Jones Industrial Average was down more than 200 points following news that the U.S. would indeed move forward with tariffs against China. Yet even though China announced plans to retaliate in kind, market participants seemed willing to give trade policy the benefit of the doubt given the current strength of the U.S. economy. Some stocks saw nice gains in response to the news, as well as to company-specific events. Schnitzer Steel Industries (NASDAQ:SCHN), Braskem (NYSE:BAK), and Pivotal Software (NYSE:PVTL) were among the best performers on the day. Here’s why they did so well.
- [By Lisa Levin]
Wednesday morning, the materials shares rose 0.83 percent. Meanwhile, top gainers in the sector included Intrepid Potash, Inc. (NYSE: IPI), up 8 percent, and Braskem S.A. (NYSE: BAK) up 6 percent.
- [By Maxx Chatsko]
Shares of Braskem (NYSE:BAK) rose 22% today after Brazil’s largest chemical manufacturer confirmed what investors had long suspected: Talks are under way for Dutch chemicals leader LyondellBasell Industries NV (NYSE:LYB) to acquire majority control of Braskem and gain a manufacturing footprint in South America. Rumors of such talks were first reported in October 2017, but both companies denied them.
- [By Max Byerly]
Millennium Management LLC cut its holdings in shares of Braskem SA (NYSE:BAK) by 40.9% in the 1st quarter, Holdings Channel reports. The firm owned 538,986 shares of the energy company’s stock after selling 372,581 shares during the period. Millennium Management LLC’s holdings in Braskem were worth $15,625,000 at the end of the most recent reporting period.
Top Growth Stocks To Buy For 2019: Juniper Pharmaceuticals, Inc.(JNP)
- [By Chris Lange]
Juniper Pharmaceuticals Inc. (NASDAQ: JNP) shares rallied early on Tuesday after the company announced that it would be acquired by Catalent. The transaction is expected to close in the third quarter of 2018.