Author: FX_Trdr

Here’s the latest news for: Thursday, January 10th. Biden to meet with NRA; Lew could be nominated today; Venezuela welcomes visiting Latin American leaders; Ice castles delight Minneapolis-area residents.

Here’s the latest news for: Thursday, January 10th. Biden to meet with NRA; Lew could be nominated today; Venezuela welcomes visiting Latin American leaders; Ice castles delight Minneapolis-area residents.

BlackRock (BLK) had its price target raised by Jefferies (JEF) as the company has been growing organically. A hold rating was issued with a price target of $215.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

In trading on Wednesday, vehicle manufacturers shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Tata Motors Limited (TTM), up about 5.7% and shares of Kandi Technolgies Group (KNDI) up about 3% on the day.

Constellation Brands (STZ) announced that third quarter profits increased as a result of marketing activity. The company earned $110 million, or 58 cents per share, up from $105 million, or 52 cents per share in the same period last year.

MGM Resorts (MGM) was upgraded by Credit Suisse (CS) to outperform from neutral with a price target of $17 due to an improved balance sheet. Shares are higher by about 1.9 percent.

Cincinnati Bell (CBB) announced today that CyrusOne, its wholly owned subsidiary that owns and operates Cincinnati Bell’s data center business, has commenced the IPO of 16,500,000 shares of its common stock. All of the shares of common stock are being offered by CyrusOne.

CVR Refining today announced the launch of its IPO of 20,000,000 common units representing limited partner interests. CVR Refining will list its common units on the New York Stock Exchange under the symbol “CVRR.” CVR Refining anticipates granting the underwriters an option to purchase up to an additional 3,000,000 common units from CVR Refining at the initial public offering price.