Genesco Inc. (GCO) Expected to Announce Earnings of -$0.04 Per Share

Brokerages expect Genesco Inc. (NYSE:GCO) to announce ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Genesco’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.00. Genesco reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 30th.

On average, analysts expect that Genesco will report full-year earnings of $3.19 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.25. For the next year, analysts anticipate that the company will report earnings of $3.51 per share, with EPS estimates ranging from $3.45 to $3.55. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Genesco.

Get Genesco alerts:

Genesco (NYSE:GCO) last released its earnings results on Tuesday, June 5th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $636.37 million. Genesco had a negative net margin of 3.96% and a positive return on equity of 6.98%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share.

GCO has been the subject of several research reports. Zacks Investment Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, June 6th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. TheStreet upgraded shares of Genesco from a “d+” rating to a “c-” rating in a report on Wednesday, March 21st. Robert W. Baird restated a “hold” rating and set a $45.00 price target on shares of Genesco in a report on Friday, April 6th. Finally, Pivotal Research set a $44.00 price target on shares of Genesco and gave the stock a “hold” rating in a report on Monday, June 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.88.

Shares of GCO stock traded up $0.50 during trading on Tuesday, hitting $39.90. 232,300 shares of the company were exchanged, compared to its average volume of 337,372. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.64 and a current ratio of 2.93. The stock has a market cap of $784.65 million, a P/E ratio of 12.87, a P/E/G ratio of 1.65 and a beta of 1.04. Genesco has a twelve month low of $20.90 and a twelve month high of $45.90.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legion Partners Asset Management LLC acquired a new stake in Genesco in the fourth quarter valued at approximately $26,777,000. Teacher Retirement System of Texas acquired a new stake in Genesco in the fourth quarter valued at approximately $216,000. Prudential Financial Inc. lifted its stake in Genesco by 50.3% in the first quarter. Prudential Financial Inc. now owns 544,941 shares of the company’s stock valued at $22,125,000 after acquiring an additional 182,400 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Genesco by 28.4% in the fourth quarter. Guggenheim Capital LLC now owns 55,964 shares of the company’s stock valued at $1,820,000 after acquiring an additional 12,378 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Genesco by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 372,154 shares of the company’s stock valued at $12,095,000 after acquiring an additional 6,217 shares during the last quarter.

Genesco Company Profile

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

Read More: Book Value Per Share �� BVPS

Get a free copy of the Zacks research report on Genesco (GCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Treasury yields turns lower as long-dated bonds stay anchored

Treasury yields fell Friday as simmering trade tensions and speeches from the Federal Reserve helped to buoy demand for long-dated bonds.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, -0.45% � was down 0.9 basis point to 2.844%, on pace to end slightly higher than last week��s close at 2.831%.

The 2-year note yield TMUBMUSD02Y, -0.93% � fell 0.8 basis point to 2.586%, while the 30-year bond yield TMUBMUSD30Y, -0.23% � slipped 0.8 basis point to 2.942%.

Bond prices move in the opposite direction of yields.

What��s driving markets?

Treasury yields have fallen this week on trade concerns when the U.S. this week released its list of tariffs on $200 million in Chinese imports, keeping up the trade spat between the two economic powerhouses and stoking appetite for haven assets like U.S. government paper. Yet in the face of intensifying trade tensions between U.S. and other major economies, several speeches by senior Fed officials have confirmed the central bank��s intent to maintain its rate-hike path, helping to flatten the so-called yield curve by pushing up short-term rates faster than longer-term rates.

Read: 5 key ways Wall Street and economists think about the yield curve

The yield curve, otherwise seen as the spread between short-dated yields and long-dated yields, has narrowed on combined expectations for continued Fed tightening and an uptick in demand for haven investments. Inflows into U.S. bond funds and exchange-traded funds rose to $4.99 billion this week, the highest level since April, EPFR data shows.

The yield gap between the 2-year note and the 10-year note has thinned to 26 basis points, or 0.26 percentage points, from 30 basis points at the start of the week.

See: 5 key ways Wall Street and economists think about the yield curve

President Donald Trump is on his first official visit to the U.K. After his arrival at Chequers, the U.K. prime minister��s country house, Trump said Britain��s chances of a trade deal with the U.S. could be torpedoed by Prime Minister Theresa May��s approach to Brexit negotiations. Market participants have sought clarification on details of May��s vision for a ��soft Brexit�� where the U.K. would remain in the European Union��s custom union, as the deadline to leave the European Union looms.

Read: Trump rips Theresa May, says ��soft�� Brexit would ��kill�� any future U.S.-U.K trade deal

Atlanta Fed President Raphael Bostic will speak at 12:30 p.m. as part of a town hall chat in Falls Church, VA. The central bank will also release its semiannual monetary policy report, ahead of the two-day Humphrey-Hawkins hearing starting on July 17 where Fed Chairman Jerome Powell will testify in front of Congress.

What did market participants say?

��The economic implications are that the pound is weaker this morning, and a shadow has been cast on the chances of a trade agreement between the United States and Britain under the Trump administration. Odds of the prime minister��s Chequers plan being implemented successfully as an alternative to a ��hard�� Brexit have been reduced,�� said Carl Weinberg, chief global economist for HFE Economics, in a note.

What else is on investors�� radar?

On the data front, traders are expecting the University of Michigan��s consumer sentiment data at 10 a.m. Eastern. While, import prices fell by 0.4% in June.

Social Send Reaches 1-Day Volume of $1,126.00 (SEND)

Social Send (CURRENCY:SEND) traded 1.7% lower against the U.S. dollar during the one day period ending at 11:00 AM E.T. on July 10th. One Social Send coin can now be purchased for $0.0703 or 0.00001099 BTC on popular cryptocurrency exchanges including Cryptopia, Trade Satoshi and CryptoBridge. Over the last week, Social Send has traded down 13.4% against the U.S. dollar. Social Send has a total market capitalization of $2.25 million and $1,126.00 worth of Social Send was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

Get Social Send alerts: PIVX (PIVX) traded 11.3% lower against the dollar and now trades at $1.76 or 0.00027488 BTC. ALQO (ALQO) traded down 14.2% against the dollar and now trades at $0.18 or 0.00002768 BTC. MonetaryUnit (MUE) traded 12.2% lower against the dollar and now trades at $0.0594 or 0.00000929 BTC. Dimecoin (DIME) traded down 29.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC. LockTrip (LOC) traded down 13.1% against the dollar and now trades at $0.75 or 0.00011786 BTC. Shekel (JEW) traded 3.8% higher against the dollar and now trades at $0.0070 or 0.00000109 BTC.

About Social Send

Social Send is a PoW/PoS coin that uses the Quark hashing algorithm. Its genesis date was December 1st, 2017. Social Send’s total supply is 34,264,697 coins and its circulating supply is 32,074,754 coins. Social Send’s official website is socialsend.io. Social Send’s official Twitter account is @SocialSendCoin and its Facebook page is accessible here. The Reddit community for Social Send is /r/SocialSend and the currency’s Github account can be viewed here.

Social Send Coin Trading

Social Send can be traded on the following cryptocurrency exchanges: CryptoBridge, Trade Satoshi and Cryptopia. It is usually not presently possible to purchase alternative cryptocurrencies such as Social Send directly using U.S. dollars. Investors seeking to trade Social Send should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Social Send using one of the aforementioned exchanges.

Best China Stocks For 2019

tags:FMCN,BIDU,TISA,SOL,NTES, Eating one egg a day may significantly cut your risk of cardiovascular disease, according to a new study from Chinese researchers.

The study published in the journal Heart recruited more than 500,000 people in China between 2004 and 2008 to ask about their egg consumption.

The study led by researchers from Peking University Health Science Center� was then narrowed down to people who did not have prior cancer, cardiovascular disease or diabetes.

The results showed people who consumed one egg a day carried a lower risk for cardiovascular disease and strokes compared to those who didn't eat eggs at all.

"Among Chinese adults, a moderate level of egg consumption (up to <1 egg/day) was significantly associated with lower risk of (cardiovascular disease), largely independent of other risk factors," reads an excerpt from the study.

Best China Stocks For 2019: Focus Media Holding Limited(FMCN)

Advisors' Opinion:

• [By Stephan Byrd]

  An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $97.63 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

Best China Stocks For 2019: Baidu Inc.(BIDU)

Advisors' Opinion:

• [By ]

  Earlier this year, Bank of America estimated that between them, Google, Facebook, Amazon, Microsoft (MSFT) , Alibaba (BABA) , Baidu  (BIDU) and Tencent would grow their capex by 30% in 2018 to $74.1 billion. Google, it should be noted, just spent much more on capex in Q1 than the $3.4 billion BofA expected it to spend.

• [By Douglas A. McIntyre]

  The United States is only one problem of many Ford faces. Among others is tumbling sales in China, the world’s largest car market. It has set a partnership with Chinese tech company Baidu Inc. (NASDAQ: BIDU). From the Ford press release, it is hard to see how this will work:

• [By Lisa Levin] Gainers Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 15.3 percent to $2.41 in pre-market trading after declining 25.09 percent on Thursday. Expedia Group, Inc. (NASDAQ: EXPE) shares rose 10.7 percent to $117.75 in pre-market trading after the company reported stronger-than-expected earnings for its first quarter on Thursday. DMC Global Inc. (NASDAQ: BOOM) rose 10.6 percent to $35.00 in pre-market trading after reporting Q1 results. Genprex, Inc. (NASDAQ: GNPX) rose 10.2 percent to $12.12 in pre-market trading after climbing 86.76 percent on Thursday. Sprint Corporation (NYSE: S) shares rose 7 percent to $6.42 in pre-market trading on reports that the company has made progress on merger talks with T-Mobile. Amazon.com, Inc. (NASDAQ: AMZN) rose 6.9 percent to $1,621.95 in pre-market trading after the company posted upbeat results for its first quarter. The company sees second quarter operating income of $1.1 billion - $1.9 billion and sales of $51 billion - $54 billion. Riot Blockchain, Inc. (NASDAQ: RIOT) shares rose 5.5 percent to $7.88 in pre-market trading after gaining 1.49 percent on Thursday. Intel Corporation (NASDAQ: INTC) rose 5.3 percent to $55.86 in pre-market trading as the company reported better-than-expected results for its first quarter and also raised its FY18 sales outlook. 8x8, Inc. (NASDAQ: EGHT) rose 5.3 percent to $21.00 in pre-market trading. Southwestern Energy Company (NYSE: SWN) shares rose 5.1 percent to $4.75 in pre-market trading as the company reported better-than-expected earnings for its first quarter. Diamond Offshore Drilling, Inc. (NYSE: DO) rose 5 percent to $20.24 in pre-market trading. Baidu, Inc. (NASDAQ: BIDU) rose 4.5 percent to $249.50 in pre-market trading following upbeat Q1 profit. Charter Communications, Inc. (NASDAQ: CHTR) rose 4.3 percent to $311 in pre-market trading. Charter is expected to release quarterly earnings today. SINA Corporation (NASDAQ: SINA) shares rose 3.9 pe
• [By Rich Smith]

  Baidu (NASDAQ:BIDU) -- "the Google of China" -- crushed its critics last month.

  The company reported strong double-digit sales growth -- and triple-digit growth in operating profits -- for fiscal Q1 2018, sending shorts scampering for the exits.

• [By Motley Fool Staff]

  Danny Vena: Absolutely. iQiyi, which was a spin-off from the Chinese Google, Baidu�(NASDAQ:BIDU), they started off strictly following the Hulu model. They began as a company that used strictly advertising to generate their revenue, get as many subscribers in the door as they could, but these people were not paying anything. And it was fairly successful. But about 2015 or so, Baidu recognized just how successful Netflix was becoming, and as it has been the case with so many Chinese companies, they saw a model that they liked, and they copied it. So, they generated some new exclusive content, they stuck it behind a paywall, they encouraged users to sign up and pay, in their case, about $3 a month, and they've gone from there.

• [By Motley Fool Staff]

  Vena: Right. iQiyi, when they started developing this original content, keep in mind that they were still owned by Baidu�(NASDAQ:BIDU), which spun them off earlier this year. Now, Baidu has a lot of similarities to Google. They are the major search engine in China. They have a lot of data. They've been at the forefront of artificial intelligence. So, one of the things that iQiyi said in their IPO filing with the SEC is that they view that data and their ability to analyze that data using artificial intelligence as one of their competitive advantages. So, they have used that to generate shows that Chinese consumers just really love.

Best China Stocks For 2019: Top Image Systems Ltd.(TISA)

Advisors' Opinion:

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Top Image Systems (TISA)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best China Stocks For 2019: Renesola Ltd.(SOL)

Advisors' Opinion:

• [By Joseph Griffin]

  These are some of the media headlines that may have impacted Accern’s scoring:

  Get ReneSola alerts: ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)

  Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.

Best China Stocks For 2019: Netease.com Inc.(NTES)

Advisors' Opinion:

• [By Dan Caplinger]

  Thursday was a relatively quiet day on Wall Street, and action in different parts of the market showed mixed signals for investors. On one hand, small-cap stocks moved higher, with key benchmarks in that area hitting record highs. Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains. Looking more closely at individual stocks, some companies suffered from bad news that sent their shares falling. J.C. Penney (NYSE:JCP), NetEase (NASDAQ:NTES), and Jounce Therapeutics (NASDAQ:JNCE) were among the worst performers on the day. Here's why they did so poorly.

• [By Anders Bylund]

  Chinese online media giant NetEase Inc. (NASDAQ:NTES) is hardly the talk of the town.�Sporting a $30 billion market cap, NetEase works in a consumer-facing industry, and share prices have bounced between $222 and $378 over the last year. And these are the hallmarks of the market's most-discussed tickers.

• [By Joseph Griffin]

  Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

  Get NetEase alerts: Marvel Introduces Their First Official Chinese Superheroes (huffingtonpost.com) NetEase, Inc. (NTES) year to date performance remained at -22.66% (nasdaqfortune.com) Marvel get its first official Chinese superheroes (bbc.co.uk) Why to Follow this Stock? NetEase, Inc. (NTES) (nysestocks.review) Marvel’s first Chinese superheroes are coming��and here are their superpowers (quartzy.qz.com)

  A number of research firms recently weighed in on NTES. BidaskClub cut NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Jefferies Group reduced their price target on NetEase from $335.00 to $310.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. CLSA raised NetEase from a “sell” rating to an “underperform” rating in a report on Thursday, February 8th. Zacks Investment Research raised NetEase from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, JPMorgan Chase began coverage on NetEase in a report on Thursday, April 12th. They issued an “underweight” rating and a $240.00 price target for the company. Five research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. NetEase currently has a consensus rating of “Hold” and a consensus price target of $337.47.

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Jounce Therapeutics, Inc. (NASDAQ: JNCE) fell 32.5 percent to $11.92 in pre-market trading. Jounce Therapeutics reported that data from ongoing ICONIC trial of JTX-2011 will be presented at the ASCO. Acxiom Corporation (NASDAQ: ACXM) fell 10.7 percent to $24.60 in pre-market trading. Acxiom reported stronger-than-expected results for its fourth quarter, but issued weak FY19 guidance. American Public Education, Inc. (NASDAQ: APEI) shares fell 10.7 percent to $35 in pre-market trading. Enduro Royalty Trust (NYSE: NDRO) shares fell 8.5 percent to $3.25 in pre-market trading after tumbling 10.76 percent on Wednesday. NetEase, Inc. (NASDAQ: NTES) fell 8.3 percent to $244.00 in pre-market trading after reporting Q1 results. Aircastle Limited (NYSE: AYR) fell 7.2 percent to $21.30 in pre-market trading after announcing 7.9 million secondary offering of common shares. Boxlight Corporation (NASDAQ: BOXL) shares fell 5.6 percent to $9.29 in pre-market trading after rising 2.29percent on Wednesday. Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) shares fell 5.3 percent to $3.93 in pre-market trading after rising 5.60 percent on Wednesday. Cisco Systems, Inc. (NASDAQ: CSCO) fell 4 percent to $43.40 in pre-market trading. Cisco reported better-than-expected results for its third quarter. The company sees fourth quarter earnings in the range of 68 cents-70 cents with sales growth of 4-6 percent. Jack in the Box Inc. (NASDAQ: JACK) fell 3.2 percent to $88.45 in pre-market trading after the company reported downbeat results for its second quarter. Comps were down 0.1 percent in the quarter. The company sees third-quarter comps coming in flat to up 1 percent. Children's Place, Inc. (
• [By Leo Sun]

  But PUBG doesn't plan to give up. It recently sued NetEase (NASDAQ:NTES) over its two new battle royale titles, Rules of Survival and Knives Out. NetEase isn't shy about promoting these games as PUBG clones -- the promotional art for�Knives Out�even features a man wearing the same battle helmet, white shirt, and tie as the man in PUBG's promos.

• [By Dan Caplinger]

  Investors in NetEase (NASDAQ:NTES) have generally seen their company benefit from a strong environment in the Chinese video game industry. Impressive growth in revenue and profits in past years helped fuel impressive gains for NetEase shares, and the appetite for more from consumers in China and elsewhere has seemed insatiable. Yet in every growth stock's experience, a company eventually starts to face challenges in sustaining growth, and the key question becomes what that company does to restart its growth engines.

Terrible China Sales Rock Ford

China is the world’s largest car market, posting total sales of 24.2 million last year, compared with the United States at approximately 17 million. Ford Motor Co.’s (NYSE: F) prospects in China have dimmed terribly this year, making most of the company’s global initiatives seem like footnotes.

Ford’s press release about Chinese June and year-to-date sales was oddly titled “Ford Announces Half-Year Results, Reinforces Its Commitment to China.” The release did not offer any evidence of reinforcement at all. It did offer specific numbers:

Overall Ford Motor Company China sales totaled 62,057 in June, a 38 percent decline year over year. In the first half of 2018, Ford Motor Company China sold 400,443 vehicles in China, a 25 percent decline year over year. Monthly sales of Lincoln reached nearly 4,400 vehicles in June, a 12 percent increase compared to June 2017. The year-to-date sales for Lincoln totaled more than 24,000 vehicles, a four percent increase year over year.

Ford’s numbers contrasted considerably with General Motors Co. (NYSE: GM) for the same period. The largest U.S. car company announced:

General Motors and its joint ventures delivered 858,344 vehicles in China in the second quarter of 2018. Sales grew 0.7 percent from a year earlier.

Despite the softening of the passenger vehicle market, the Cadillac and Baojun brands achieved record deliveries for the second quarter, while Chevrolet continued to post double-digit growth.

In the first half of 2018, GM deliveries in China grew 4.4 percent on an annual basis to 1,844,396 units. In the second half, the company is adding 10 new and refreshed models, two-thirds of the total for the entire year.

Ford’s new CEO, Jim Hackett, has tried his hardest to sell the company’s future as a leader in electric and autonomous vehicles. It has powerful competition in these areas both from other global manufacturers and tech companies like Alphabet, with its autonomous vehicle unit Waymo that started in 2009. Its cars have posted over 7 million “self-driven” miles. Ford’s initiative cannot approach that. Ford has similar challenges in the electronic vehicle market, led by Tesla.

Before Ford can convince anyone it has solid footing in the future, which is hard to argue, it has to make the case for current success. Based on its Chinese results, that is not possible.

24/7 Wall St.
12 American Companies That Control Tech

2 Warren Buffett Stocks to Buy in July

Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has one of the most closely followed stock portfolios in the world, and for good reason. Many of the stocks in it were hand-selected by billionaire investor Warren Buffett.

While I wouldn't go so far as to say that all of these "Buffett stocks" are great buys, there are some that really stand out right now. Here are two in particular -- an investment bank that's quietly getting into the consumer side of the business, and an automaker that's more of a disruptor than the market gives it credit for -- that look extremely attractive as we head in to July.

Image Source: The Motley Fool.

Company (Symbol)

Recent Stock Price

Dividend Yield

Goldman Sachs (NYSE:GS)	$223.26	1.4%
General Motors (NYSE:GM)	$39.50	3.9%

Data Source: CNBC. Prices and dividend yields as of July 3, 2018.

Don't let mediocre stress test results fool you

Unlike most big U.S. banks, Goldman Sachs' shareholders will not be getting a dividend increase in 2018, nor will the bank increase its buyback. The Federal Reserve's annual "stress test" found that Goldman's capital levels would barely remain over the minimally acceptable level during a severe global recession, and as a condition of their capital plans being conditionally approved, the bank's capital return over the next 12 months will not increase.

Understandably, investors were disappointed by this, and Goldman was certainly one of the biggest disappointments of this year's stress tests.

However, it's important not to let this temporary headwind steal the spotlight. For starters, the reason for the poor stress test result in the first place is tax reform -- which will ultimately be a positive catalyst for the bank. Thanks to the deemed repatriation of foreign earnings, Goldman took a big (but one-time) tax hit, which reduced its capital levels.

In addition, Goldman has a lot of good things going for it. The IPO market is the most active it's been in years, M&A activity is strong, and thanks to market volatility, Goldman's trading revenue has been picking up. Plus, Goldman's commercial banking ambitions are starting to produce a significant and rapidly growing revenue stream that has tremendous potential.

The best way to invest in the auto industry

Despite Tesla (NASDAQ:TSLA) grabbing most auto industry-related headlines in the financial news lately, I'd caution investors not to overlook General Motors as a long-term investment.

First off, not only does GM trade at a down-to-earth valuation, but the stock is downright cheap right now at just over six times forward earnings.

While there are certain headwinds facing GM, such as the highly cyclical nature of the auto industry and generally weaker U.S. auto sales in 2018, there are some good reasons to believe in the company for the long haul.

First, the company is investing heavily in product development, such as the recent announcement of a major investment in a Cadillac factor intended to help revitalize the brand. The company is emphasizing its highest-margin products, which include trucks, SUVs, and luxury sedans.

GM is also investing more than rivals in advances such as autonomous vehicle technology, electric vehicles, and ridesharing projects. In fact, SoftBank recently valued GM Cruise Holdings, the company's self-driving unit, at $11.5 billion. To put it mildly, GM Cruise has the potential to be a real game changer for the company from a long-term perspective and could start having a serious impact sooner than you might think.

The bottom line: Don't write off General Motors as an "old-school" car company that's in the process of getting disrupted. The company is putting its resources to work in all of the right ways and is not only keeping up with the newer players like Tesla, it's well on its way to becoming a disruptor itself. And unlike Tesla, General Motors is already highly profitable and pays shareholders a handsome dividend.

Hot Stocks To Watch Right Now

tags:USNA,ASTC,PFSW,NUAN,FBHS,

Golos Gold (CURRENCY:GBG) traded 2.5% higher against the dollar during the 1 day period ending at 23:00 PM Eastern on June 2nd. One Golos Gold coin can now be bought for about $0.0544 or 0.00000712 BTC on exchanges including Liqui, Bittrex and Kuna. Golos Gold has a market capitalization of $0.00 and $25,125.00 worth of Golos Gold was traded on exchanges in the last day. During the last week, Golos Gold has traded down 2.4% against the dollar.

Here’s how related cryptocurrencies have performed during the last day:

Get Golos Gold alerts: Ripple (XRP) traded 3.4% higher against the dollar and now trades at $0.64 or 0.00008420 BTC. Stellar (XLM) traded 2.2% higher against the dollar and now trades at $0.30 or 0.00003918 BTC. IOTA (MIOTA) traded down 2.7% against the dollar and now trades at $1.89 or 0.00024697 BTC. TRON (TRX) traded 4.7% higher against the dollar and now trades at $0.0608 or 0.00000797 BTC. NEO (NEO) traded up 1% against the dollar and now trades at $56.23 or 0.00736491 BTC. Tether (USDT) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00013065 BTC. VeChain (VEN) traded 7% higher against the dollar and now trades at $3.70 or 0.00048409 BTC. Binance Coin (BNB) traded up 2.9% against the dollar and now trades at $14.52 or 0.00190234 BTC. Ontology (ONT) traded 9.4% higher against the dollar and now trades at $7.70 or 0.00100804 BTC. Zilliqa (ZIL) traded up 8.2% against the dollar and now trades at $0.12 or 0.00001592 BTC.

Golos Gold Profile

Hot Stocks To Watch Right Now: USANA Health Sciences Inc.(USNA)

Advisors' Opinion:

• [By Lisa Levin] Gainers Daré Bioscience, Inc. (NASDAQ: DARE) shares jumped 56.69 percent to close at $1.27 on Wednesday on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform. Vicor Corporation (NASDAQ: VICR) rose 26.84 percent to close at $37.10. Vicor posted Q1 earnings of $0.10 per share on sales of $65.2 million. AGM Group Holdings Inc. (NASDAQ: AGMH) climbed 25.56 percent to close at $10.61. Travelzoo (NASDAQ: TZOO) gained 24.7 percent to close at $9.75 following strong Q1 results. Intrepid Potash, Inc. (NYSE: IPI) shares climbed 19.24 percent to close at $4.71. China Customer Relations Centers, Inc. (NASDAQ: CCRC) rose 18.73 percent to close at $18.64. Genprex, Inc. (NASDAQ: GNPX) climbed 18.28 percent to close at $5.89. Genprex expanded its operations to Cambridge, Mass. Scorpio Tankers Inc. (NYSE: STNG) rose 13.92 percent to close at $2.70 following Q1 results. Rocky Brands, Inc. (NASDAQ: RCKY) shares surged 13.57 percent to close at $23.85 after reporting Q1 results. Resonant Inc. (NASDAQ: RESN) shares rose 12.5 percent to close at $4.14 on Wednesday. USANA Health Sciences, Inc. (NYSE: USNA) jumped 11.24 percent to close at $106.85 following Q1 results. SUPERVALU Inc. (NYSE: SVU) rose 11.16 percent to close at $16.24 after the company reported Q4 results and agreed to sell and leaseback eight distribution centers for an aggregate purchase price of $483 million. K12 Inc. (NYSE: LRN) shares gained 10.74 percent to close at $15.36 following Q3 results. Tupperware Brands Corporation (NYSE: TUP) rose 9.15 percent to close at $46.28 as the company posted in-line quarterly earnings. Six Flags Entertainment Corporation (NYSE: SIX) shares climbed 8.49 percent to close at $64.18 as the company posted a narrower-than-expected loss for its first quarter. Carlisle Companies Incorporated (NYSE: CSL) gained 8.2 percent to close at $107.94 af
• [By ]

  USANA Health Sciences (NYSE: USNA) is also benefitting from strong growth in Asia, with 71% of sales from the region, including 51% in China. The company's health and wellness products are sold through an independent network, which keeps operating expenses low. Revenue has grown at an 11% annualized pace over the last decade and the company carries no balance sheet debt.

Hot Stocks To Watch Right Now: Astrotech Corporation(ASTC)

Advisors' Opinion:

• [By Alexander Bird]

  We're talking 471% potential gains…

  Penny Stock Current Share Price Last Week's Gain Renren Inc. (NYSE: RENN) $2.50 158.64% Astrotech Corp. (Nasdaq: ASTC) $4.17 132.80% Xenetic Biosciences Inc. (Nasdaq: XBIO) $5.58 71.95% Nordic American Tanker Shipping Ltd. (NYSE: NAT) $2.73 38.43% United States Antimony Corp. (NYSE: UAMY) $0.49 36.47% Soeno Therapeutics Inc. (Nasdaq: SLNO) $2.65 33.05% Fibrocell Science Inc. (Nasdaq: FCSC) $3.16 31.36% Teekay Tankers Ltd. (NYSE: TNK) $1.30 29.70% Neovasc Inc. (Nasdaq: NVCN) $0.04 27.30% Actinium Pharmaceuticals Inc. (OTCMKTS: ATNM) $0.24 25.98%

  While the gains of last week's top penny stocks are exciting, investors who know where to look can unlock even bigger gains…

Hot Stocks To Watch Right Now: PFSweb Inc.(PFSW)

Advisors' Opinion:

• [By Max Byerly]

  Get a free copy of the Zacks research report on PFSweb (PFSW)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Max Byerly]

  Get a free copy of the Zacks research report on PFSweb (PFSW)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Stocks To Watch Right Now: Nuance Communications Inc.(NUAN)

Advisors' Opinion:

• [By Paul Ausick]

  Nuance Communications Inc. (NASDAQ: NUAN) dropped about 20% Thursday to post a new 52-week low of $12.19. Shares closed at $15.28 on Wednesday and the stock’s 52-week high is $19.49. Volume of around 19 million shares was about nine times the daily average. The company reported indifferent results Wednesday night but cut its outlook for revenue growth.

• [By Ethan Ryder]

  Nuance Communications (NASDAQ:NUAN) had its price objective cut by Stifel Nicolaus from $18.00 to $15.00 in a report issued on Thursday. The brokerage currently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.03% from the company’s current price.

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers MDC Partners Inc. (NASDAQ: MDCA) fell 23.4 percent to $5.25 in pre-market trading after a first-quarter earnings miss. Hudson Technologies Inc. (NASDAQ: HDSN) shares fell 15.1 percent to $3.48 in pre-market trading after the company reported downbeat Q1 earnings. Nuance Communications, Inc. (NASDAQ: NUAN) fell 14 percent to $13.15 in pre-market trading after the company posted downbeat Q2 earnings and lowered FY18 organic growth guidance. Myomo, Inc. (NYSE: MYO) fell 13.2 percent to $3.10 in pre-market trading after reporting downbeat quarterly results. Rowan Companies plc (NYSE: RDC) shares fell 10.7 percent to $14.13 in pre-market trading after climbing 8.50 percent on Wednesday. BT Group plc (NYSE: BT) fell 9 percent to $14.80 in pre-market trading after the company reported Q4 results and announced plans to cut 13,000 jobs over the next three years. Exelixis, Inc. (NASDAQ: EXEL) fell 8.3 percent to $19.90 in pre-market trading after the company disclosed that IMblaze370 Phase 3 pivotal trial of atezolizumab and cobimetinib in patients with heavily pretreated locally advanced or metastatic colorectal cancer did not meet primary endpoint. Infinera Corporation (NASDAQ: INFN) fell 8.2 percent to $10.80 in pre-market trading after reporting Q1 results. Synaptics, Incorporated (NASDAQ: SYNA) shares fell 7.4 percent to $43.00 in pre-market trading. Synaptics reported better-than-expected earnings for its third quarter, while sales missed estimates. Randgold Resources Limited (NASDAQ: GOLD) shares fell 7.4 percent to $76.23 in pre-market trading after reporting Q1 earnings. Integra LifeSciences Holdings Corporation (NASDAQ: IART) shares fell 7 percent to $59.36 in pre-market trading. Integra LifeSciences priced its 5.25 million share public offering of common stock at $58.50 per share. Array BioPharma Inc. (NASDAQ: ARRY) shares fell 6.9 percent to $12.75 in pre-m
• [By Dan Caplinger]

  One key part of the rush toward artificial intelligence is making sure that automated systems can communicate easily and effectively with their human users. Nuance Communications (NASDAQ:NUAN) has a huge head start in voice recognition technology, and despite its successes in areas like medical transcription, the tech company knows that in order to sustain its competitive advantage, it needs to use its lead to push forward with groundbreaking technological innovations.

Hot Stocks To Watch Right Now: Fortune Brands Home & Security, Inc.(FBHS)

Advisors' Opinion:

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Fortune Brands Home & Security (FBHS)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Max Byerly]

  Uniplan Investment Counsel Inc. acquired a new position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 111,247 shares of the industrial products company’s stock, valued at approximately $6,551,000. Uniplan Investment Counsel Inc. owned approximately 0.08% of Fortune Brands Home & Security at the end of the most recent quarter.

• [By Shane Hupp]

  Ancora Advisors LLC trimmed its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,145 shares of the industrial products company’s stock after selling 1,508 shares during the quarter. Ancora Advisors LLC’s holdings in Fortune Brands Home & Security were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• [By Max Byerly]

  Tdam USA Inc. lifted its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 1,131.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 87,222 shares of the industrial products company’s stock after acquiring an additional 80,139 shares during the period. Tdam USA Inc.’s holdings in Fortune Brands Home & Security were worth $5,137,000 at the end of the most recent reporting period.

• [By Stephan Byrd]

  Guggenheim Capital LLC lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 838,953 shares of the industrial products company’s stock after purchasing an additional 67,018 shares during the quarter. Guggenheim Capital LLC’s holdings in Fortune Brands Home & Security were worth $49,406,000 at the end of the most recent reporting period.

Cantor Fitzgerald Pair Sued for Alleged Commission Sharing

LISTEN TO ARTICLE 3:07 SHARE THIS ARTICLE Facebook Twitter LinkedIn Email

Two former Cantor Fitzgerald LP brokers were sued by U.S. securities regulators over claims that they secretly split trading commissions, bypassing the firm’s compensation policies.

The Securities and Exchange Commission filed the suit against Adam Mattessich of New York and Joseph "Jay" Ludovico of Brooklyn, in Manhattan federal court Friday. They are accused of working with another trader on Cantor’s international equities desk to circumvent a 2002 decision by Mattessich’s supervisor to deny his request for commissions on transactions in certain customer accounts he serviced.

Cantor Fitzgerald also agreed to pay a $1.25 million penalty for failing to maintain accurate books and records. Marc P. Berger, director of the SEC’s New York office, said “efforts to circumvent the SEC’s investor protection laws will not be tolerated.”

According to the suit, Mattessich got around this by transferring his accounts to Ludovico and the other trader, who wasn’t identified, both of whom were eligible to receive commissions. Ludovico and the other trader would then pay Mattessich a portion of their commissions via personal check, the SEC said. Cantor Fitzgerald’s policies have prohibited off-book commission-splitting since at least 2006, the agency said.

"Once again the SEC has brought an action where the facts are misstated and the law misinterpreted,” Denis Kelleher, Mattessich’s attorney, said in an email. “My client vigorously denies these allegations and is confident that when the dust settles he will be fully and completely vindicated.”

Karen Laureano-Rikardsen, a spokeswoman for Cantor Fitzgerald, and Ludovico declined to comment.

Commissions Paid

According to the suit, Mattessich was working as a senior execution trader in about 2002 when he asked the firm to pay him commissions on transactions in the accounts he serviced. Sales traders at Cantor were mostly responsible for working with customers, while execution traders were mostly tasked with routing and fulfilling orders, the suit says, so Mattessich’s request was denied by his supervisor, who told him to transfer the accounts to more junior traders.

Mattessich then approached Ludovico and the unidentified trader and proposed to have his accounts reassigned to them, according to the suit. They agreed and began making payments on a monthly basis, with the unidentified trader paying Mattessich through 2010 and Ludovico through December 2013, the SEC said. The scheme continued even after Mattessich was promoted to head of the international equities desk in 2004.

Ludovico paid Mattessich at least $58,200 in unrecorded commission compensation, according to the suit. Mattessich is also accused of arranging in 2011 for another unidentified junior execution trader to receive similar payments, which the SEC said totaled more than $90,000.

Mattessich, 47, joined Cantor in 1996, according to Financial Industry Regulatory Authority records. He was allowed to resign in February as a result of the alleged conduct, the SEC said in the suit. Ludovico, 41, had been associated with Cantor from October 1998 until he was also allowed to resign in February, the suit says.

— With assistance by Sonali Basak

(Updates with comments from defendant and company penalty.)