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Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Bank of America Corporation
Costco Wholesale Corporation
Royal Bank of Canada
General Electric Company
Automatic Data Processing, Inc.
General Dynamics Corporation
TC Energy Corporation
American International Group, Inc.
Dollar General Corporation
General Mills, Inc.
Lululemon Athletica Inc.
KKR & Co. Inc.
Alexion Pharmaceuticals, Inc.
Realty Income Corporation
United Airlines Holdings, Inc.
Fresenius Medical Care AG & Co. KGaA
The Hershey Company
Cardinal Health, Inc.
The Liberty SiriusXM Group
Citrix Systems, Inc.
Today we are going to look at Costco Wholesale Corporation (NASDAQ:COST) to see whether it might be an attractive...
(Bloomberg Opinion) -- Investors keep flocking to private equity in Asia even though returns are declining. They should take heed: Payouts are likely to get worse from here, rather than better.The hunt for yield in a low-interest world has spurred institutional investors from China Investment Corp. to Japan’s Government Pension Investment Fund to join the rush into the alternative asset class. Private equity firms founded by former veterans of Warburg Pincus and KKR & Co. are seeking to raise at least $4.5 billion for new funds investing in China, Cathy Chan of Bloomberg News reported Thursday, in the latest sign of the region’s burgeoning appetite for nonpublic investments.New York-based KKR, meanwhile, is targeting more than $12.5 billion for its fourth Asian fund, which would surpass the record $10.6 billion raised by China’s Hillhouse Capital Group in 2018.(2) At the end of June, private equity firms in Asia were sitting on a record $361 billion of unspent capital, according to London-based market research firm Preqin.The returns haven’t lived up to the hype. Funds focused on Asia generated an internal rate of return of 12.8% last year, down from 15.5% in 2018, according to Preqin. That’s below what investors could have made outside the region: North American funds chalked up an IRR of 16.4% in 2019 while those centered on Europe returned 18%.Even brand-name private equity shops have sputtered. Hillhouse’s $10.6 billion fund saw its IRR slip by 5.16 percentage points between September 2018 and the third quarter of 2019. Over the same period, the MSCI Asia Pacific Index dropped 3.3%, according to data compiled by Bloomberg. KKR’s two existing Asian mega-funds have had varying success.It’s getting harder for private equity firms to realize returns by selling companies on stock markets as the world wakes up to the reality that not all hot technology startups will be IPO winners. That follows disappointing debuts for high-profile names such as Uber Technologies Inc. and Lyft Inc., along with the collapse of WeWork’s U.S. share offering last year.Much of the private-equity action in Asia has focused on China, which has also had its share of setbacks. OneConnect Financial Technology Co., a unit of Ping An Insurance (Group) Co., cut the size of its U.S. IPO by almost half last month, while Oyo Hotels is firing thousands of staff in China and India. Like WeWork and Uber, both companies are backed by Japan’s SoftBank Group Corp.The U.S.-China trade war has also had a damping effect, with some private equity-invested companies finding themselves embroiled in the tensions. Facial recognition startup Megvii Technology Ltd. delayed its IPO in Hong Kong after it was included in a U.S. blacklist cutting off its access to key American technology. Bytedance Inc., owner of the wildly popular video app TikTok, is now a subject of a U.S. national security review, and is weighing the sale of a majority stake in the unit.All that considered, it isn’t surprising that the value of private-equity backed trade sales dropped 14% to $28.5 billion last year, according to data compiled by Bloomberg, while share sales by private equity owners slumped 27% to $6.4 billion, declining for a third year to the lowest since 2013.While the U.S.-China phase one trade deal signed last week offers some hope of an improvement in conditions, money is still likely to keep piling up in Asian private equity. For one thing, there aren’t many better alternatives. Institutional investors need to diversify: They can’t keep all their funds in U.S. equities, even if these have been going gangbusters for years.But that doesn't mean individuals need to follow suit. Private equity investments are more risky because they are illiquid and take years to pay off. Smart investors should see the ever-growing piles of dry powder as a sign of danger rather than success.\--With assistance from Dani Yang and Irene Huang. (Corrects to remove non-annualized MSCI index comparisons in the second chart, deletes reference to KKR fund underperforming the market.)(1) The Hillhouse fund is the largest devoted specificallly to Asian investing. Chinese state-backed, or policy, funds such as a $29 billion vehicle created in October to invest in the semiconductor industry are larger.To contact the author of this story: Nisha Gopalan at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.
United (UAL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
General Mills (GIS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(Bloomberg) -- Private equity giant KKR & Co. took the unusual step to disclose plans to push for changes at Dave & Buster’s Entertainment Inc. Shares in the U.S. restaurant chain soared as much as 16% to the highest level since June.KKR disclosed in a filing Friday that it owned a 10.7% stake, including shares and options. It also said it has had and would continue discussions with management or board about the business, operations and strategy. It may also talk with stockholders, security holders and other relevant parties and could take actions including transactions and board or management changes. KKR had previously reported a stake of about 2.65%, according to a filing dated Sept. 30.KKR’s position adds to recent examples of private equity firms blurring the lines with activist investors. TPG, for example, is raising a fund focused on investing in public companies with the goal of pushing for changes, including seeking board seats and providing strategic advice to companies, people familiar with the matter have said.Shares in Dave & Buster’s have tumbled in the past year, dropping 20% in one day in June following a surprise decline in quarterly comparable sales -- a key metric for retailers. Investor confidence was rattled, Gordon Haskett’s Jeffrey Farmer wrote at the time, and it would take several quarters for management to rebuild, he said. The stock hadn’t recovered until Friday’s jump.The shares traded up 12.6% to $47.2 at 10:06 a.m in New York.Dave & Buster’s first opened in Dallas in 1982 and has more than 110 locations, according to its website.Today the chain is operating in an increasingly competitive industry. Same-store sales in the U.S. casual-diner industry fell 0.6% in 2019, according to Bloomberg Intelligence. Increasing wage costs, restaurant oversupply and difficulty to find labor all hurt the sector.This week Dave & Buster’s said comparable store sales would decline 2.5% to 3% in the fiscal year ending early February.Representatives for KKR and Dave & Buster’s couldn’t be reached for comment.To contact the reporters on this story: Sally Bakewell in New York at email@example.com;Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Crayton Harrison at email@example.com, Cécile DauratFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
A sturdy labor market, rising income and improving confidence certainly encouraged consumers to spend more. While bargain hunters did hit the streets, enthusiasm for online shopping was palpable.
The 2019 holiday season mirrors gains from increased investments and opportunities in the retail sector. The online channel continues to be the preferred shopping medium for customers.
Dentsply (XRAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Of the additional $200-billion purchase of U.S. goods over the next two years (keeping 2017 imports as the base level), $52.4 billion will likely come from the energy sector.
On Thursday, the U.S. Senate overwhelmingly approved the new free-trade agreement between Canada, the United States and Mexico. The deal, which covers the biggest free-trade zone in the world, should boost the economies of all three countries.