Stock

Your Funds: How to think when a favorite stock is in the news | Column

Still, it’s hard to ignore that ExxonMobil has been choking amid the mostly strong market conditions of the past decade. Shares trading for more than $100 six years ago sell for less than $50 today.

Even factoring dividends and total return into the picture, ExxonMobil has badly lagged the Dow; the annualized average spread is more than 20 percentage points.

That said, if history is a precursor, being dumped by the Dow is good news for Exxon-Mobil shareholders. Several studies have shown that issues kicked out of the major indices outperform the stocks that replace them.

The last time three stocks were swapped out of the Dow was when Bank of America, Hewlett-Packard and Alcoa were dropped for Goldman Sachs, Visa and Nike. While the replacements had nice gains in their first year in the Dow, the vanquished stocks were rock stars; BofA gained 18%, HP jumped 72% and Alcoa

Read More

Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 24.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,784 shares of the industrial products company’s stock after acquiring an additional 2,906 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Emerson Electric were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Wellington Management Group LLP raised its stake in shares of Emerson Electric by 408.7% in the 1st quarter. Wellington Management Group LLP now owns 6,530,697 shares of the industrial products company’s stock valued at $311,186,000 after buying an additional 5,246,997 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Emerson Electric

Read More

Magnus Financial Group LLC Raises Stock Holdings in Brady Corp (NYSE:BRC)

Magnus Financial Group LLC lifted its holdings in shares of Brady Corp (NYSE:BRC) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,185 shares of the industrial products company’s stock after purchasing an additional 715 shares during the quarter. Magnus Financial Group LLC’s holdings in Brady were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Brady by 36.9% in the first quarter. First Trust Advisors LP now owns 90,070 shares of the industrial products company’s stock worth $4,180,000 after buying an additional 24,270 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Brady by 70.0% in the first quarter. Envestnet Asset Management Inc.

Read More

How Apple’s Stock Split Will Affect the Dow Jones Industrial Average

Apple (NASDAQ: AAPL) announced a 4-for-1 stock split when it reported fiscal third-quarter results last month, the first such corporate action since the last split (7-for-1) occurred back in June 2014. While stock splits are generally meaningless in terms of fundamentals due to the way that math works, the move will actually have a significant impact on the Dow Jones Industrial Average (DJINDICES: ^DJI).

Here’s why.

Exterior of Apple Store in Bangkok, Thailand at night

Image source: Apple.

No longer No. 1

For starters, you have to recall that the Dow is unique among all major benchmarks: The index is price-weighted instead of market-cap-weighted. Individual stock prices are fairly arbitrary, especially relative to a company’s overall valuation, again thanks to math. The S&P 500 and Nasdaq Composite are both market-cap-weighted, so companies with larger market caps have a greater influence over the index’s daily fluctuations.

Japan’s Nikkei 225 is another example of a price-weighted index. Incidentally, there was

Read More

Anchor Capital Advisors LLC Has $1.35 Million Stock Position in Stag Industrial Inc (NYSE:STAG)

Anchor Capital Advisors LLC increased its position in Stag Industrial Inc (NYSE:STAG) by 120.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,995 shares of the real estate investment trust’s stock after purchasing an additional 25,175 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Stag Industrial were worth $1,349,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Stag Industrial by 224.5% in the 2nd quarter. Signaturefd LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 761 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Stag Industrial during the 1st quarter worth approximately $36,000. Creative

Read More

Plymouth Industrial REIT Announces Proposed Offering of 5,750,000 Shares of Common Stock

Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that it intends to offer, subject to market and other conditions, 5,750,000 shares of its common stock. Plymouth intends to grant the underwriters a 30-day option to purchase up to an additional 862,500 shares of its common stock. Plymouth intends to use the net proceeds from this offering to fund acquisitions, including certain industrial properties under contract, and for working capital and other general purposes, including to repay outstanding indebtedness under its revolving credit facility.

Barclays, KeyBanc Capital Markets, BMO Capital Markets and J.P. Morgan are acting as joint book-running managers for the offering.

barclaysprospectus@broadridge.com; KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; BMO Capital Markets, 3 Times Square, 25th Floor, New York, NY 10036, Attention: Syndicate Department, Telephone: (800) 414-3627, or by email at

Read More

Why Griffin Industrial Realty (GRIF) Stock is a Compelling Investment Case

download here. The fund posted a return of 18.3% for the second quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.6% in the same quarter. You should check out Rhizome Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.” data-reactid=”12″Rhizome Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 18.3% for the second quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.6% in the same quarter. You should check out Rhizome Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

GRIF) is one of them. Griffin Industrial Realty Inc. (NASDAQ:GRIF) is engaged in real estate business.

Read More

Business News | Stock and Share Market News


By

Read More