Skechers, AT&T Plunge into Friday’s 52-Week Low Club

July 20, 2018: Here are four stocks trading with heavy volume among 60 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 1.17 to 1 and on the Nasdaq, decliners led advancers by about 1.11 to 1.

Skechers Inc. (NYSE: SKX) traded down more than 28% Friday and posted a new 52-week low of $23.80 after closing Thursday at $33.25. The stock’s 52-week high is $43.08. Volume totaled more than 50 million, more than 16-times the daily average. The company missed earnings estimates and analysts took no prisoners.

AT&T Inc. (NYSE: T) traded down about 0.7% Friday to post a new 52-week low of $31.04 after closing Thursday at $31.27. The stock’s 52-week high is $39.80. Volume was about 35% below the daily average of about 43 million shares. The federal government’s review of the company’s merger with Time-Warner is getting an expedited review.

Vodafone Group plc (NASDAQ: VOD) dropped about 0.2% Friday to set a new 52-week low of $23.23. Shares closed at $23.28 on Thursday and the stock’s 52-week high is $32.75. Volume totaled 25% more than the daily average of around 3.9 million. The company had no specific news.

Yum China Holdings Inc. (NYSE: YUMC) traded down about 6.2% Friday to set a new 52-week low of $33.77. Shares closed at $36.00 on Thursday, and the 52-week high is $48.75. Volume was about 40% higher than the daily average of around 2.8 million. The company had no specific news, other than more talk about more tariffs on Chinese good and retaliation against companies that do business in China.

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What’s Apple got to show for a 5X increase in R&D?

BitBay (BAY) Achieves Market Capitalization of $29.24 Million

BitBay (CURRENCY:BAY) traded down 7.6% against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on July 20th. One BitBay coin can currently be purchased for about $0.0289 or 0.00000398 BTC on popular cryptocurrency exchanges including Bittrex, LiteBit.eu, Upbit and C-CEX. BitBay has a market capitalization of $29.24 million and $46,260.00 worth of BitBay was traded on exchanges in the last day. During the last seven days, BitBay has traded 12.2% higher against the U.S. dollar.

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

Get BitBay alerts: Qtum (QTUM) traded down 7.1% against the dollar and now trades at $7.72 or 0.00105928 BTC. BlackCoin (BLK) traded 15% lower against the dollar and now trades at $0.14 or 0.00001910 BTC. Radium (RADS) traded 0.4% lower against the dollar and now trades at $2.70 or 0.00037154 BTC. Global Currency Reserve (GCR) traded 4.7% higher against the dollar and now trades at $0.0789 or 0.00001085 BTC. Rubycoin (RBY) traded 4.5% higher against the dollar and now trades at $0.30 or 0.00004185 BTC. Atmos (ATMOS) traded down 7.8% against the dollar and now trades at $0.0209 or 0.00000288 BTC. NuShares (NSR) traded 41.2% lower against the dollar and now trades at $0.0002 or 0.00000003 BTC.

BitBay Profile

BitBay (BAY) is a proof-of-stake (PoS) coin that uses the Proof of Stake hashing algorithm. It launched on November 10th, 2014. BitBay’s total supply is 1,012,146,906 coins. BitBay’s official Twitter account is @BitBayMarket and its Facebook page is accessible here. The Reddit community for BitBay is /r/BitBay and the currency’s Github account can be viewed here. The official website for BitBay is bitbay.market.

BitBay Coin Trading

BitBay can be bought or sold on these cryptocurrency exchanges: LiteBit.eu, Bittrex, Cryptopia, C-CEX and Upbit. It is usually not presently possible to buy alternative cryptocurrencies such as BitBay directly using U.S. dollars. Investors seeking to acquire BitBay should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitBay using one of the aforementioned exchanges.

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Should you stay with these 10 winners that rose 15-100% in Sept qtr in last 3 years?

The Sensex rose nearly 7 percent in the June quarter, but it is unlikely to return as much in the quarter ending September. Majority of the action was seen in largecaps while small- and midcap stocks continue to reel under pressure.

The rally, which propelled the Sensex to record highs, saw just a handful of largecap stocks rise, while most well-known stocks in the broader market were hitting 52-week lows.

The question that most investors are asking is whether there are any sure shot winners. Anecdotal evidence suggests that 10 stocks have returned a minimum 15 percent and a maximum of over 100 percent in the September quarter in the last 3 years.

We have considered companies with a minimum markets capitalisation of Rs 1,000 crore.

related news Decreased volatility suggests limited Nifty downside; 3 value picks that can return up to 15% Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Stocks which can qualify as sure short winners based on historic performance includes: Caplin Point Laboratories, Divi��s Laboratories, Confidence Petroleum India, Gujarat Ambuja Exports, IG Petrochemicals, JBM Auto, Thirumalai Chemicals, Trent, V2 Retail and Venky��s (India).

JBM Auto rose 16 percent in the September quarter of 2015, followed by 58 percent in 2016. It doubled investors�� wealth in 2017. Trent, which has a mcap of over Rs 11,000 crore, rose 15 percent in the September quarter of 2015, followed by 18 percent in 2016 and 24 percent in 2017.

The Sensex hit a fresh record high on Monday, while the Nifty is trading around its crucial support placed at 11,000 levels.

Experts said�the rally is not over yet and the Nifty50 could well hit fresh record highs above 11,171 in the next 3-6 months.

��Benchmark indices are in a solid uptrend thanks to the unabated rally seen in a handful of index stocks. There is a huge divergence between the midcap and smallcap indices compared to benchmarks,�� Hadrien Mendonca, Senior Technical Analyst at IIFL, said.

��Our larger timeframe analysis indicates that the Nifty has broken out from a bigger consolidation base on the weekly chart. Projections of the breakout indicate that the Nifty is all set to move past its previous all-time high. If the breakout unfolds the way it should, the Nifty may well be on its way towards the 11,400 plus levels in the coming 3-6 months,�� he said.

He was quick to add that the breakout stands void only if the Nifty fails to hold above the crucial support zone of 10,800-10,850 on the downside.

Here's what analysts have to say on the stocks listed above and whether investors should buy, sell, or hold them for the next 6-12 months.

Analyst: Mazhar Mohammad, Chief Strategist �� Technical Research & Trading Advisory, Chartviewindia.in

Thirumalai Chemicals: Buy| Target: Rs 1,945| Stop Loss: Rs 1,467

After topping out around Rs 2,440 kind of levels with a Double top formation, this counter appears to have posted a bottom at a recent low of Rs 1,172.

There seems to be a fresh buying opportunity as it registered a price and volume breakout in Tuesday��s session. Hence, positional traders can create fresh longs with a stop below Rs 1,467 on a closing basis for a target of Rs 1,945.

V2Retail: Hold| Target: Rs 342| Stop Loss: Rs 380

This counter is gradually drifting down after registering a pullback rally from the lows of Rs 342 to a recent high of Rs 497. However, price behaviour of the last couple of trading sessions on weekly charts with narrow ranges is suggesting that this counter may be on the verge of a breakout in either of the directions.

Such breakouts will result in a swift move based on the direction of the breakout. In case if it closes above Rs 425 then a fresh buying should be considered for a target of Rs 490 whereas a breakdown below Rs 380 on a closing basis.

It may lead to a retest of its corrective swing low of Rs 342. Hence, at best it is a hold with a stop below Rs 380 on a closing basis.

Trent: Exit on rallies & re-enter above Rs 365| Target: Rs 425

For the last 6 months, this counter is stuck in the range of Rs 360 �� 295 levels. After testing the upper band of this range in the current week, this counter appears to be heading to the lower boundary of its consolidation.

After witnessing correction last week from the higher end of the range, it looks prudent to exit this counter on rallies around Rs 350 levels and re-enter only on a breakout above 365 on a closing basis. On such a breakout a huge target around Rs 425 can be expected.

JBM Auto: Buy| Target: Rs 409| Stop Loss: Rs 305

Interestingly, this counter started to rally last year from the lows of Rs 259 in July 2017 and in the next couple of months it registered a major top around Rs 629 in September 2017.

Since then it has given up all the gains and appears to be testing its critical averages on the long-term charts.

Hence, long-term investors can buy into this counter with a stop below 305 on a closing basis. In case if a fresh leg of rally unfolds from current levels after consolidation then a target around 409 can be expected over a period of time.

Venkys India: Hold but exit on rallies towards Rs 2700| Stop Loss: Rs 2,120

This counter is in a strong downtrend as it took a hit of around 50 percent from its lifetime high of Rs 4,725 registered in April. As it retraced around 62% of its entire rise, from the lows of 397 �� 4725, at the recent low of 2126 some stability and pull back rally can��t be ruled out.

In that case, a strong pullback may see this counter targeting Rs 2780 kind of levels. As downward momentum is looking strong breach of Rs 2126 on a closing basis may drag it down towards an initial target of Rs 1,900 and thereafter Rs 1,600 can��t be ruled out.

Investors can hold the stock with a stop below Rs 2,120 on a closing basis and exit on rallies towards Rs 2,700.

Analyst: Hadrien Mendonca, Sr Technical Analyst at IIFL

Divis Laboratories: Buy| Target: Rs 1220| Stop Loss: Rs 1070

Divis Labs looks promising, our weekly chart analysis indicates that the stock has already broken out from a declining channel which is a positive sign. In addition, the breakout has also been accompanied with a smart uptick in traded volumes.

Smaller time frame chart further has observed a Cup and Handle pattern breakout. The projections of the breakout indicate stock has the potential of rallying towards its potential target of Rs 1220 levels in the medium term. Crucial support is seen around Rs 1070 levels.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First Published on Jul 18, 2018 09:26 am

Top 5 Growth Stocks To Own Right Now

tags:BWLD,MED,ISRG,TBI,JWN,

Brokerages expect SVB Financial Group (NASDAQ:SIVB) to post $3.82 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for SVB Financial Group’s earnings, with the lowest EPS estimate coming in at $3.40 and the highest estimate coming in at $4.13. SVB Financial Group posted earnings per share of $2.32 during the same quarter last year, which would indicate a positive year-over-year growth rate of 64.7%. The business is expected to issue its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that SVB Financial Group will report full year earnings of $15.77 per share for the current financial year, with EPS estimates ranging from $14.54 to $16.94. For the next fiscal year, analysts expect that the business will post earnings of $19.09 per share, with EPS estimates ranging from $17.27 to $22.04. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow SVB Financial Group.

Top 5 Growth Stocks To Own Right Now: Buffalo Wild Wings Inc.(BWLD)

Advisors' Opinion:

• [By Peter Graham]

  A long term performance chart shows Dave & Busters Entertainment�tripling in value�before falling back while�small cap upscale gentlemen's clubs and restaurant owner�RCI Hospitality Holdings, Inc (NASDAQ: RICK) began taking off in 2016 and small cap�Buffalo Wild Wings (NASDAQ: BWLD) is being acquired by Arby��s Restaurant Group:

• [By Steve Symington]

  That's not to say it was a quiet day for every stock on the market. With earnings season ramping up, brewing giant Anheuser-Busch InBev (NYSE:BUD) and restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) served as an exercise in contrast as investors reacted to their respective quarterly reports.

Top 5 Growth Stocks To Own Right Now: MEDIFAST INC(MED)

Advisors' Opinion:

• [By Max Byerly]

  McCormick & Company, Incorporated (NYSE: MKC) and Medifast (NYSE:MED) are both consumer staples companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk and dividends.

• [By Lisa Levin]

  Medifast, Inc. (NYSE: MED) shares were also up, gaining 25 percent to $124.60 after the company reported strong Q1 results and raised its FY18 guidance.

• [By Max Byerly]

  MediBloc (CURRENCY:MED) traded 0.2% lower against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on June 7th. MediBloc has a total market cap of $37.92 million and $586,074.00 worth of MediBloc was traded on exchanges in the last 24 hours. Over the last week, MediBloc has traded down 36% against the U.S. dollar. One MediBloc token can now be purchased for $0.0128 or 0.00000166 BTC on major exchanges including Coinrail, Bibox and Gate.io.

• [By Lisa Levin]

  Medifast, Inc. (NYSE: MED) shares were also up, gaining 22 percent to $121.06 after the company reported strong Q1 results and raised its FY18 guidance.

Top 5 Growth Stocks To Own Right Now: Intuitive Surgical Inc.(ISRG)

Advisors' Opinion:

• [By ]

  And stocks are following suit. Intuitive Surgical (NASDAQ: ISRG) for example, has been on strong, steady climb for the better part of a year.

• [By ]

  As of the time of this article, home cleaning robot maker iRobot's (IRBT) shares are down over 6% on the news. And though it makes surgical robots rather than anything meant for homes, Intuitive Surgical  (ISRG) is down close to 2%. As usual, Wall Street immediately trembles on any sign that Amazon plans to further expand its reach.

• [By Garrett Baldwin]

  Earnings season is now in full swing, with today's key reports from�International Business Machines Corp. (NYSE: IBM), Johnson & Johnson (NYSE: JNJ), and Intuitive Surgical Inc.�(Nasdaq: ISRG). Thanks to tax cuts, expectations are high. Analysts expect profit growth to top 18%, which would be the biggest jump in seven years. But there are a few bearish trends that are still lurking in the market. And if you're serious about making money, you need to know how to harness them and target individual stocks for life-changing gains.�Money Morning�Quantitative Specialist Chris Johnson explains.

• [By Motley Fool Staff]

  Right now, it's time for that yearly review of the ones he picked to honor the month, and also the briefly famous pregnant giraffe: five companies, and the first letters of their tickers spelled out A-P-R-I-L. They were Axon Enterprise�(NASDAQ:AAXN), Grupo Aeroportuario del Pacific�(NYSE:PAC), ResMed�(NYSE:RMD), Intuitive Surgical (NASDAQ:ISRG), and Live Nation�(NYSE:LYV).

• [By Motley Fool Staff]

  Stock No. 4: Let's go to the "I" stock from our April stocks a year ago. That's one of my favorite companies, a stock that I own, and have held for more than a decade, and that would be Intuitive Surgical (NASDAQ:ISRG), the maker of the da Vinci robot, the surgical robot.

• [By Logan Wallace]

  Sanford C. Bernstein began coverage on shares of Intuitive Surgical (NASDAQ:ISRG). Sanford C. Bernstein issued an outperform rating on the stock.

  Argus started coverage on shares of Integer (NYSE:ITGR). The firm issued a buy rating on the stock.

Top 5 Growth Stocks To Own Right Now: TrueBlue Inc.(TBI)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Trueblue (TBI)

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

• [By Logan Wallace]

  Media stories about Trueblue (NYSE:TBI) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trueblue earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.3296498009881 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

• [By Stephan Byrd]

  Russell Investments Group Ltd. grew its stake in Trueblue Inc (NYSE:TBI) by 21.2% during the first quarter, HoldingsChannel reports. The fund owned 137,178 shares of the business services provider’s stock after purchasing an additional 23,951 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trueblue were worth $3,553,000 at the end of the most recent quarter.

Top 5 Growth Stocks To Own Right Now: Nordstrom Inc.(JWN)

Advisors' Opinion:

• [By ]

  Some reasons for my bearishness on retail stocks:

  Higher Energy Prices. Oil prices have rallied dramatically and back to 2014 levels, rising from about $35 a barrel in early 2016 to around $67 Thursday. That's bad news for U.S. retailers, as rising oil prices historically squeeze consumer disposable incomes. That's one reason why I've been consistently raising my short exposure to retail and plan to continue doing so. Shaky Same-Store Sales Growth. Recent improvements to same-store sales at Abercrombie & Fitch (ANF) , Urban Outfitters (URBN) , Dillard's (DDS) , Gap Inc. (GPS) and Macy's (M) come against downgraded expectations, and might not be sustainable anyway. No Deal for Nordstrom (JWN) . The Nordstrom family has apparently abandoned plans to take its namesake company private. I had expressed concerns that this would happen. Higher Interest Rates. A rise in the London Inter-Bank Offered Rate (LIBOR) has recently accelerated. That's bad news for retailers, as many variable-rate consumer debts (particularly mortgages) key off of the LIBOR. This will likely put a damper on mortgage refinancings -- something that many see as an important ingredient for personal-consumption expenditures.

• [By Chris Lange]

  Look for Nordstrom Inc. (NYSE: JWN) to reveal its fiscal fourth-quarter results on Thursday as well. The consensus analyst estimates are $1.25 in EPS and revenue of $4.62 billion. Shares of Nordstrom closed at $53.56 on Friday, above the consensus price target of $49.94. The 52-week range is $37.79 to $54.00.

• [By Adam Levine-Weinberg]

  Hudson's Bay's European operations and its off-price division are probably responsible for the majority of the company's recent losses. Still, sales have been plummeting at Lord & Taylor in recent years, as the tired chain has lost market share to other retail formats, as well as stronger department stores like Nordstrom (NYSE:JWN) and even Macy's (NYSE:M). Lord & Taylor is almost certainly contributing to its parent company's ongoing losses.

Why Autodesk, Inc. Has Risen 31.3% in 2018

What happened�

Shares of drafting software giant Autodesk, Inc. (NASDAQ:ADSK) are up 31.1% so far in 2018, according to data provided by S&P Global Market Intelligence, as investors buy into the company's subscription financial model.�

So what�

Autodesk has been in an odd position over the last few years, transitioning from a model that focused on selling customers a piece of software with a high upfront cost to selling on a subscription basis. In theory, the subscription model will make the company's results more predictable, but as the transition takes place we can see a drop in revenue and margins because of how sales and research and development expenses are accounted for.

Image source: Getty Images.

What we've seen in 2018 -- and what investors are excited about -- is the fruit from the subscription transition starting to show. You can see below that in the last couple of quarters revenue is growing, gross margin is up, and net losses are starting to improve. That's been enough to push share prices higher in 2018.�

ADSK Revenue (TTM) data by YCharts

Now what�

Autodesk is a staple in industries from architecture to product design, and management thinks that gives it a total addressable market of $27 billion by 2020. It's that market size and the company's industry leadership that makes me think the stock still has a bright future. It may be tough to look past the losses and a whopping $30 billion market cap, but in tech you sometimes have to pay up for quality, and Autodesk is a company worth the price right now.

Vaughan David Investments LLC IL Purchases 9,632 Shares of Pfizer Inc. (PFE)

Vaughan David Investments LLC IL increased its position in Pfizer Inc. (NYSE:PFE) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 784,356 shares of the biopharmaceutical company’s stock after purchasing an additional 9,632 shares during the period. Pfizer accounts for 1.3% of Vaughan David Investments LLC IL’s portfolio, making the stock its 22nd biggest position. Vaughan David Investments LLC IL’s holdings in Pfizer were worth $27,837,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Pfizer by 2.8% in the fourth quarter. BlackRock Inc. now owns 452,745,609 shares of the biopharmaceutical company’s stock worth $16,398,445,000 after acquiring an additional 12,183,218 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pfizer by 11.9% in the fourth quarter. Bank of New York Mellon Corp now owns 70,738,885 shares of the biopharmaceutical company’s stock worth $2,562,162,000 after acquiring an additional 7,534,957 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Pfizer by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 63,123,777 shares of the biopharmaceutical company’s stock worth $2,281,563,000 after acquiring an additional 1,881,570 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Pfizer by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 61,720,550 shares of the biopharmaceutical company’s stock worth $2,190,462,000 after acquiring an additional 889,094 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Pfizer by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 36,372,349 shares of the biopharmaceutical company’s stock worth $1,317,407,000 after acquiring an additional 1,251,550 shares during the last quarter. 69.45% of the stock is currently owned by institutional investors.

Get Pfizer alerts:

In other Pfizer news, Director W Don Cornwell sold 5,223 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $36.40, for a total value of $190,117.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Laurie J. Olson sold 19,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $36.45, for a total value of $692,550.00. Following the completion of the transaction, the executive vice president now directly owns 98,644 shares in the company, valued at approximately $3,595,573.80. The disclosure for this sale can be found here. In the last three months, insiders sold 156,535 shares of company stock worth $5,647,222. 0.06% of the stock is owned by corporate insiders.

Shares of Pfizer opened at $37.11 on Friday, MarketBeat Ratings reports. The firm has a market cap of $216.39 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.27. Pfizer Inc. has a 1 year low of $32.32 and a 1 year high of $39.43.

Pfizer (NYSE:PFE) last announced its quarterly earnings results on Tuesday, May 1st. The biopharmaceutical company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $13.14 billion. Pfizer had a return on equity of 25.29% and a net margin of 41.29%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. research analysts predict that Pfizer Inc. will post 2.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, August 3rd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, August 2nd. Pfizer’s dividend payout ratio is 51.32%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Pfizer from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday. Cantor Fitzgerald set a $45.00 target price on Pfizer and gave the stock a “buy” rating in a research note on Wednesday, June 13th. Morgan Stanley reissued a “buy” rating and issued a $43.00 target price on shares of Pfizer in a research note on Monday, June 11th. Credit Suisse Group set a $39.00 target price on Pfizer and gave the stock a “neutral” rating in a research note on Monday, June 11th. Finally, Societe Generale reissued a “neutral” rating and issued a $39.00 target price on shares of Pfizer in a research note on Wednesday, May 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.32.

About Pfizer

Pfizer Inc discovers, develops, manufactures, and sells healthcare products worldwide. It operates in two segments, Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). The IH segment focuses on the development and commercialization of medicines and vaccines, and consumer healthcare products in various therapeutic areas, including internal medicine, vaccines, oncology, inflammation and immunology, and rare diseases, as well as consumer healthcare, such as over-the-counter brands comprising dietary supplements, pain management, gastrointestinal, and respiratory and personal care.

Want to see what other hedge funds are holding PFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pfizer Inc. (NYSE:PFE).

Hot China Stocks To Buy Right Now

tags:CDTI,FMCN,NTES,SINA,

Uzbekistan's new President Shavkat Mirziyoyev says he wants his country to finally move on from Soviet era politics and economics.  (Photo by VYACHESLAV OSELEDKO/AFP/Getty Images)

Eurasia has become a hot spot on the map because of China's Silk Road initiative. The region's most populated country, once closed to the world, is now looking to reboot itself following generations of Soviet-style governing, and maybe take advantage of the region's new push forward. As a starter, its central bank has made first moves to make its currency, the soum, fully convertible, something that even Bloomberg noted on Sept. 5. There are now vast economic reforms in the works in the ancient Central Asian nation of Uzbekistan. Following the death of long-term ruler, Islam Karimov, newly elected president Shavkat Mirziyoyev thinks he can be the Uzbek leader that opens more to the outside world, something it has failed to do even after the dismantling of the Soviet Union.

Hot China Stocks To Buy Right Now: Clean Diesel Technologies Inc.(CDTI)

Advisors' Opinion:

• [By Stephan Byrd]

  Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

  Get Molecular Templates alerts: Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)

  MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.

Hot China Stocks To Buy Right Now: 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.

Hot China Stocks To Buy Right Now: Netease.com Inc.(NTES)

Advisors' Opinion:

• [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.

• [By Max Byerly]

  KAMES CAPITAL plc decreased its holdings in shares of NetEase (NASDAQ:NTES) by 68.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,800 shares of the technology company’s stock after selling 39,277 shares during the period. KAMES CAPITAL plc’s holdings in NetEase were worth $4,991,000 at the end of the most recent reporting period.

• [By Shane Hupp]

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  Eight Seconds

Cities Americans are abandoning

Each year, roughly 40 million Americans, or about 14% of the U.S. population, move at least once. Much of that movement includes younger people relocating within cities, but it is trends of Americans moving to warmer climates, more affordable areas, and better job opportunities that have largely determined migration patterns in recent decades.

Because of those long-term patterns, as well as the recent period of economic recovery, cities in some parts of the country have lost tens of thousands of residents.

To find the 50 U.S. metropolitan areas that have had the largest net decline in population as a result of migration between 2010 and 2017, 24/7 Wall Street reviewed population figures from the U.S. Census Bureau��s Population Estimates Program.

The 50 cities where the most people are moving away from can primarily be found in the Northeast, Midwest, and West Coast, particularly in states like Illinois, Michigan, Ohio, and New York. Among the cities where people are leaving in droves are places such as Chicago, Detroit, St. Louis, New York, and Los Angeles.

More:Population migration patterns: US cities Americans are flocking to

More:Gas prices: Don't fill up in these states on your roadtrip

More:Salaries: US wage growth in June was 2018's strongest so far

William Frey, demographer at the Brookings Institution, a nonprofit public policy research group, explained that these cities that have been losing thousands of residents due to migration are part of the long-term trend of movement from the Northeast and the Midwest to warmer climates, a trend that has increased in recent years.

��The story of the broader migration pattern in the U.S. is from Snow Belt to Sun Belt," Frey said. "That migration has slowed a little bit in the early part of the decade, when we were still dealing with the aftermath of the recession, but it's coming back.��

More:Are these the worst cities to live in? Study looks at quality of life across the U.S.

 (Photo: Thinkstock)

50. Fairbanks, Alaska

Population decrease due to migration, 2010-2017: -7,011Population change, 2010-2017: +2.2% (97,585 to 99,703)Natural growth, 2010-2017: 12,364 births, 3,417 deathsMedian home value: $226,900

49. Johnstown, Pennsylvania

Population decrease due to migration, 2010-2017: -7,070Population change, 2010-2017: -7.4% (143,674 to 133,054)Natural growth, 2010-2017: 9,624 births, 13,203 deathsMedian home value: $93,400

48. Hinesville, Georgia

Population decrease due to migration, 2010-2017: -7,171Population change, 2010-2017: +3.2% (77,919 to 80,400)Natural growth, 2010-2017: 12,218 births, 3,030 deathsMedian home value: $133,600

47. El Centro, California

Population decrease due to migration, 2010-2017: -7,219Population change, 2010-2017: +4.8% (174,528 to 182,830)Natural growth, 2010-2017: 22,531 births, 7,106 deathsMedian home value: $170,900

More:Who is getting paid more? 16 states where personal incomes are booming

46. Bakersfield, California

Population decrease due to migration, 2010-2017: -7,314Population change, 2010-2017: +6.4% (839,621 to 893,119)Natural growth, 2010-2017: 102,106 births, 41,099 deathsMedian home value: $204,200

45. Norwich-New London, Connecticut

Population decrease due to migration, 2010-2017: -7,365Population change, 2010-2017: -1.8% (274,059 to 269,033)Natural growth, 2010-2017: 19,518 births, 17,252 deathsMedian home value: $242,000

44. Fresno, CA     • Population decrease due to migration, 2010-2017: -7,571     • Population change, 2010-2017: +6.3% (930,495 to 989,255)     • Natural growth, 2010-2017: 113,926 births, 47,252 deaths     • Median home value: $238,100 (Photo: Qymekkam / Wikimedia Commons)

44. Fresno, California

Population decrease due to migration, 2010-2017: -7,571Population change, 2010-2017: +6.3% (930,495 to 989,255)Natural growth, 2010-2017: 113,926 births, 47,252 deathsMedian home value: $238,100

43. Macon-Bibb County, Georgia

Population decrease due to migration, 2010-2017: -7,877Population change, 2010-2017: -1.5% (232,286 to 228,914)Natural growth, 2010-2017: 21,752 births, 17,233 deathsMedian home value: $122,000

42. Anchorage, Alaska

Population decrease due to migration, 2010-2017: -8,464Population change, 2010-2017: +5.3% (380,821 to 400,888)Natural growth, 2010-2017: 43,973 births, 15,756 deathsMedian home value: $299,700

41. Vineland-Bridgeton, New Jersey

Population decrease due to migration, 2010-2017: -8,476Population change, 2010-2017: -2.6% (156,628 to 152,538)Natural growth, 2010-2017: 14,926 births, 10,604 deathsMedian home value: $165,900

40. Erie, Pennsylvania

Population decrease due to migration, 2010-2017: -8,511Population change, 2010-2017: -2.1% (280,564 to 274,541)Natural growth, 2010-2017: 22,920 births, 20,396 deathsMedian home value: $125,700

39. Mobile, AL     • Population decrease due to migration, 2010-2017: -8,517     • Population change, 2010-2017: +0.2% (413,143 to 413,955)     • Natural growth, 2010-2017: 40,422 births, 30,886 deaths     • Median home value: $126,800     ALSO READ: States Where Americans Are Paying the Most Taxes (Photo: George Dodd / Getty Images)

39. Mobile, Alabama

Population decrease due to migration, 2010-2017: -8,517Population change, 2010-2017: +0.2% (413,143 to 413,955)Natural growth, 2010-2017: 40,422 births, 30,886 deathsMedian home value: $126,800

38. Atlantic City-Hammonton, New Jersey

Population decrease due to migration, 2010-2017: -8,550Population change, 2010-2017: -1.7% (274,540 to 269,918)Natural growth, 2010-2017: 22,801 births, 18,976 deathsMedian home value: $215,100

37. Fayetteville, North Carolina

Population decrease due to migration, 2010-2017: -8,741Population change, 2010-2017: +5.6% (366,322 to 386,662)Natural growth, 2010-2017: 47,548 births, 19,638 deathsMedian home value: $134,600

More:Which manufacturers are bringing the most jobs back to America?

36. Jacksonville, North Carolina

Population decrease due to migration, 2010-2017: -8,791Population change, 2010-2017: +9.1% (177,799 to 193,893)Natural growth, 2010-2017: 30,768 births, 7,184 deathsMedian home value: $151,500

35. Yakima, Washington

Population decrease due to migration, 2010-2017: -8,916Population change, 2010-2017: +2.9% (243,237 to 250,193)Natural growth, 2010-2017: 29,681 births, 13,811 deathsMedian home value: $166,300

34. Binghamton, NY     • Population decrease due to migration, 2010-2017: -9,470     • Population change, 2010-2017: -3.8% (251,737 to 242,217)     • Natural growth, 2010-2017: 18,295 births, 18,409 deaths     • Median home value: $121,000 (Photo: Jim Danvers / Wikimedia Commons)

34. Binghamton, New York

Population decrease due to migration, 2010-2017: -9,470Population change, 2010-2017: -3.8% (251,737 to 242,217)Natural growth, 2010-2017: 18,295 births, 18,409 deathsMedian home value: $121,000

33. Sierra Vista-Douglas, Arizona

Population decrease due to migration, 2010-2017: -9,495Population change, 2010-2017: -5.0% (131,356 to 124,756)Natural growth, 2010-2017: 11,814 births, 9,110 deathsMedian home value: $130,100

32. Farmington, New Mexico

Population decrease due to migration, 2010-2017: -9,633Population change, 2010-2017: -2.4% (130,045 to 126,926)Natural growth, 2010-2017: 13,381 births, 6,949 deathsMedian home value: $153,100

More:What's the richest town in every state?

31. Lawton, Oklahoma

Population decrease due to migration, 2010-2017: -9,641Population change, 2010-2017: -2.3% (130,291 to 127,349)Natural growth, 2010-2017: 14,355 births, 7,848 deathsMedian home value: $124,900

30. Charleston, West Virginia

Population decrease due to migration, 2010-2017: -9,772Population change, 2010-2017: -5.6% (227,061 to 214,406)Natural growth, 2010-2017: 18,078 births, 20,856 deathsMedian home value: $111,300

29. Saginaw, MI     • Population decrease due to migration, 2010-2017: -9,783     • Population change, 2010-2017: -4.1% (200,169 to 191,934)     • Natural growth, 2010-2017: 16,380 births, 14,912 deaths     • Median home value: $96,200     ALSO READ: America's Happiest (and Most Miserable) States (Photo: User:Hsxeric / Wikimedia Commons)

29. Saginaw, Michigan

Population decrease due to migration, 2010-2017: -9,783Population change, 2010-2017: -4.1% (200,169 to 191,934)Natural growth, 2010-2017: 16,380 births, 14,912 deathsMedian home value: $96,200

28. Pine Bluff, Arkansas

Population decrease due to migration, 2010-2017: -10,001Population change, 2010-2017: -9.3% (100,278 to 90,963)Natural growth, 2010-2017: 8,244 births, 7,701 deathsMedian home value: $84,700

27. Montgomery, Alabama

Population decrease due to migration, 2010-2017: -10,317Population change, 2010-2017: -0.2% (374,541 to 373,903)Natural growth, 2010-2017: 35,032 births, 25,380 deathsMedian home value: $135,700

26. Wichita, Kansas

Population decrease due to migration, 2010-2017: -10,335Population change, 2010-2017: +2.3% (630,924 to 645,628)Natural growth, 2010-2017: 65,873 births, 40,647 deathsMedian home value: $132,400

 (Photo: https://www.flickr.com/photos/dougtone/)

25. Watertown-Fort Drum, New York

Population decrease due to migration, 2010-2017: -10,901Population change, 2010-2017: -1.8% (116,232 to 114,187)Natural growth, 2010-2017: 15,196 births, 6,527 deathsMedian home value: $149,600

24. Albany, Georgia

Population decrease due to migration, 2010-2017: -10,964Population change, 2010-2017: -3.9% (157,500 to 151,434)Natural growth, 2010-2017: 15,175 births, 10,379 deathsMedian home value: $109,600

More:Migration and growth: The fastest growing (and shrinking) cities in the US

23. New Haven-Milford, Connecticut

Population decrease due to migration, 2010-2017: -11,253Population change, 2010-2017: -0.2% (862,462 to 860,435)Natural growth, 2010-2017: 64,732 births, 55,491 deathsMedian home value: $247,600

22. Visalia-Porterville, California

Population decrease due to migration, 2010-2017: -12,390Population change, 2010-2017: +5.0% (442,178 to 464,493)Natural growth, 2010-2017: 55,606 births, 20,845 deathsMedian home value: $186,600

21. Shreveport-Bossier City, LA     • Population decrease due to migration, 2010-2017: -12,410     • Population change, 2010-2017: +0.3% (439,811 to 440,933)     • Natural growth, 2010-2017: 46,192 births, 32,742 deaths     • Median home value: $150,900     ALSO READ: The Weirdest Fact About Every American President (Photo: Shreveport-Bossier Convention and Tourist Bureau / Wikimedia Commons)

21. Shreveport-Bossier City, Louisiana

Population decrease due to migration, 2010-2017: -12,410Population change, 2010-2017: +0.3% (439,811 to 440,933)Natural growth, 2010-2017: 46,192 births, 32,742 deathsMedian home value: $150,900

20. Hartford-West Hartford-East Hartford, Connecticut

Population decrease due to migration, 2010-2017: -13,682Population change, 2010-2017: -0.2% (1,212,398 to 1,210,259)Natural growth, 2010-2017: 86,636 births, 75,155 deathsMedian home value: $247,400

19. Youngstown-Warren-Boardman, Ohio-Pennsylvania

Population decrease due to migration, 2010-2017: -14,057Population change, 2010-2017: -4.2% (565,799 to 541,926)Natural growth, 2010-2017: 40,696 births, 50,302 deathsMedian home value: $106,000

18. Peoria, Illinois

Population decrease due to migration, 2010-2017: -14,415Population change, 2010-2017: -1.8% (379,186 to 372,427)Natural growth, 2010-2017: 35,268 births, 27,573 deathsMedian home value: $136,800

17. Hanford-Corcoran, California

Population decrease due to migration, 2010-2017: -14,442Population change, 2010-2017: -1.9% (152,982 to 150,101)Natural growth, 2010-2017: 17,121 births, 5,895 deathsMedian home value: $190,500

 (Photo: Andreas F. Borchert / Wikimedia Commons)

16. Rochester, New York

Population decrease due to migration, 2010-2017: -15,934Population change, 2010-2017: -0.2% (1,079,691 to 1,077,948)Natural growth, 2010-2017: 84,317 births, 69,938 deathsMedian home value: $138,900

15. Brownsville-Harlingen, Texas

Population decrease due to migration, 2010-2017: -17,233Population change, 2010-2017: +4.3% (406,219 to 423,725)Natural growth, 2010-2017: 53,118 births, 18,432 deathsMedian home value: $80,000

14. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina

Population decrease due to migration, 2010-2017: -17,297Population change, 2010-2017: +2.9% (1,676,817 to 1,725,246)Natural growth, 2010-2017: 163,787 births, 97,935 deathsMedian home value: $239,900

13. Syracuse, New York

Population decrease due to migration, 2010-2017: -17,717Population change, 2010-2017: -1.2% (662,625 to 654,841)Natural growth, 2010-2017: 52,435 births, 42,535 deathsMedian home value: $133,300

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12. Toledo, Ohio

Population decrease due to migration, 2010-2017: -18,475Population change, 2010-2017: -1.0% (610,002 to 603,668)Natural growth, 2010-2017: 54,309 births, 42,313 deathsMedian home value: $129,200

11. Rockford, Illinois

Population decrease due to migration, 2010-2017: -18,789Population change, 2010-2017: -3.2% (349,431 to 338,291)Natural growth, 2010-2017: 30,366 births, 22,915 deathsMedian home value: $121,600

10. New York-Newark-Jersey City, New York-New Jersey-Pennsylvania

Population decrease due to migration, 2010-2017: -21,503Population change, 2010-2017: +3.9% (19,566,480 to 20,320,876)Natural growth, 2010-2017: 1,811,927 births, 1,035,505 deathsMedian home value: $426,300

9. El Paso, TX     • Population decrease due to migration, 2010-2017: -21,829     • Population change, 2010-2017: +5.1% (804,123 to 844,818)     • Natural growth, 2010-2017: 98,803 births, 36,570 deaths     • Median home value: $119,600     ALSO READ: 50 Colleges With the Biggest Tuition Hikes (Photo: LC Rogers / Wikimedia Commons)

9. El Paso, Texas

Population decrease due to migration, 2010-2017: -21,829Population change, 2010-2017: +5.1% (804,123 to 844,818)Natural growth, 2010-2017: 98,803 births, 36,570 deathsMedian home value: $119,600

8. Flint, Michigan

Population decrease due to migration, 2010-2017: -22,658Population change, 2010-2017: -4.3% (425,788 to 407,385)Natural growth, 2010-2017: 35,720 births, 31,707 deathsMedian home value: $106,900

7. Milwaukee-Waukesha-West Allis, Wisconsin

Population decrease due to migration, 2010-2017: -27,959Population change, 2010-2017: +1.3% (1,555,954 to 1,576,236)Natural growth, 2010-2017: 144,429 births, 95,601 deathMedian home value: $204,000

6. Memphis, Tennessee-Mississippi-Arkansas

Population decrease due to migration, 2010-2017: -30,000Population change, 2010-2017: +1.8% (1,324,827 to 1,348,260)Natural growth, 2010-2017: 136,058 births, 82,670 deathsMedian home value: $142,400

 (Photo: styxclick / Getty Images)

5. Cleveland-Elyria, Ohio

Population decrease due to migration, 2010-2017: -33,117Population change, 2010-2017: -0.9% (2,077,271 to 2,058,844)Natural growth, 2010-2017: 168,361 births, 153,138 deathsMedian home value: $146,100

4. St. Louis, Missouri-Illinois

Population decrease due to migration, 2010-2017: -39,894Population change, 2010-2017: +0.7% (2,787,763 to 2,807,338)Natural growth, 2010-2017: 246,280 births, 186,111 deathsMedian home value: $169,200

3. Detroit-Warren-Dearborn, Michigan

Population decrease due to migration, 2010-2017: -54,640Population change, 2010-2017: +0.4% (4,296,317 to 4,313,002)Natural growth, 2010-2017: 364,121 births, 293,091 deathsMedian home value: $160,700

2. Los Angeles-Long Beach-Anaheim, California

Population decrease due to migration, 2010-2017: -93,959Population change, 2010-2017: +4.1% (12,828,961 to 13,353,907)Natural growth, 2010-2017: 1,202,115 births, 578,750 deathsMedian home value: $578,200

 (Photo: Thinkstock)

1. Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin

Population decrease due to migration, 2010-2017: -296,320Population change, 2010-2017: +0.8% (9,461,541 to 9,533,040)Natural growth, 2010-2017: 869,178 births, 501,469 deathsMedian home value: $229,900

More:25 richest cities in America: Does your metro area make the list?

Detailed findings

Not all the cities with the largest net declines in population from migration since 2010 are necessarily the fastest shrinking cities. However, among the U.S. metropolitan areas with the highest net population declines due to migration, the vast majority have had the largest overall decreases in population.

Two notable exceptions are New York and Los Angeles. While tens of thousands more people moved out of each city than moved in, both cities have still had among the highest net increases in population. This is because of natural population growth -- hundreds of thousands more people in these cities have been born than died. Notably, Los Angeles had a net migration loss of 93,959, but the overall population increased by over three-quarters of a million people because of births.

Frey explained that movement from New York and Los Angeles to many of the cities with the largest net migration increases is due to residents of these cities getting pushed out because of rising populations and prices, the latter of which is a product of the economic recovery. "Now that things are picking up again, people are moving out of cities. As the housing market is coming back, people are being sucked out of pricey areas to where it is more affordable again.��

Frey gave the example of one common migration pattern: Los Angeles to Las Vegas, the latter of which had the 15th highest net population increase due to migration. Los Angeles has always lost residents to Las Vegas, but when the recession hit and housing prices fell, that movement slowed significantly.

Now that housing prices have recovered in Los Angeles and have become too expensive for many residents, people are once again moving out of the city in droves. As of 2016, Los Angeles had the seventh highest median home value of any metropolitan area, at $578,200. Las Vegas�� median home value is just slightly more than half that, at $233,700.

More:Cost of living: The purchasing power of a dollar in every state

��The same sort of thing is true for a place like New York,�� Frey added. ��There has always been huge movement going from New York to Florida, but during the Great Recession period that slowed up quite a bit, and now it is picking up again.��

Frey added that the reasons behind the decline in population in cities like Los Angeles and New York -- overcrowding and high prices -- are very different than the reasons for decreases in other cities on this list, notably Rust Belt cities like Flint, Michigan; Toledo, Ohio; and Rockford, Illinois; and even larger cities like St. Louis, Cleveland, and Milwaukee. These cities have been losing domestic migrants for decades due to stagnating economic conditions stemming from the decline of American manufacturing.

Methodology

To identify America��s Fastest Declining Cities, 24/7 Wall Street�reviewed the annual estimates of resident population and the estimates of the components of residential population change from April 1, 2010 to July 1, 2017, provided by the American Community Survey. Population, and home value data also came from the 2016 American Community Survey.

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

European stocks give up gains as U.S.-China trade war kicks in

European stocks turned lower Friday, paring a potential gain for the week, as the U.S. and China kicked off a trade war by implementing promised import tariffs.

How markets are moving

The Stoxx Europe 600 index SXXP, -0.20% �fell 0.2% to 380.82, giving up a modest gain, as the oil and gas and financial sectors led decliners. But the telecom sector topped advancers. The pan-European index on Thursday rose 0.4%, for a third consecutive session of gains.

The swing lower was whittling down the Stoxx 600��s gain for the week to just 0.2%. But that amount would be enough for the index��s first advance in three weeks.

Germany��s DAX 30 index DAX, -0.13% fell 0.2% to 12,437.60. In Paris, the CAC 40 index PX1, -0.20% shed 0.2% to 5,356.96, and in London, the FTSE 100 index UKX, -0.31% �turned down 0.4% to 7,577.07.

The euro EURUSD, +0.5474% traded at $1.1744, up from $1.1693 late Thursday in New York.

What��s driving the market

The U.S. implemented tariffs on $34 billion in Chinese imports as of 12:01 a.m. Eastern Time, seen as the start of a trade war between the world��s two biggest economies. As promised, Beijing has responded in kind, with levies on the same value of 545 U.S. goods, including agricultural products, vehicles and aquatic products.

Just ahead of the tariff action, U.S. President Donald Trump threatened to escalate the trade tensions by imposing further duties on more than $500 billion in Chinese imports �� roughly the amount of total goods the U.S. imported from China last year.

Read: What��s the play as the trade-war starter gun goes off? Buy the news

European blue-chips remained lower after the release of the U.S. Labor Department��s June nonfarm payrolls report. The jobs report can have implications on pricing for U.S. interest-rate expectations, and sway assets prices worldwide. A larger-than-expected 213,000 new jobs were created last month, and the unemployment rate unexpectedly rose to 4% from 3.8%.

Check out: How low can U.S. unemployment go? What to watch in the June jobs report

Meanwhile, U.K. Prime Minister Theresa May and her cabinet ministers are meeting at Chequers, May��s official country house retreat, to discuss Brexit strategy, as European Union leaders�� patience runs short. Airbus Chief Executive Tom Enders told reporters Friday that the British government has ��no clue�� how to pull off Britain��s exit from the European Union without harming businesses.

Airbus has warned that it will likely leave the U.K. if it leaves the EU��s single market, considered a hard Brexit.

What strategists are saying

��There is limited evidence so far that protectionist measures are derailing the global economy, but growth risks are skewed towards the downside over the summer,�� said Mark Cliffe, chief economist at ING, in a note. ��On their own, we are probably talking an impact measured in only one or two-tenths of a percentage point on global growth,�� he said.

��However, the impact on financial markets and economic confidence may be much larger and lead to a more substantial slowdown in activity. Steep equity market falls and a downturn in investment and job creation could trigger a greater willingness to compromise. However, we doubt President Trump will change tack before the 6 November mid-term elections,�� Cliffe added.

Stock movers

Deutsche Bank AG shares DBK, +2.08% �were up 2.6%, off session highs, after German weekly Wirtschaftswoche reported that J.P. Morgan Chase & Co. JPM, -0.04% �and Industrial and Commercial Bank of China Ltd., or ICBC, are considering buying a stake in Germany��s largest lender. But J.P. Morgan Chase denied any interest in Deutsche Bank.

Inmarsat PLC ISAT, -4.75% �dropped 5.4%, but pared losses, after the British satellite-communications company rejected an improved buyout offer from EchoStar Corp. SATS, +0.32% �, which is now courting the company��s board. The higher bid valued Inmarsat at 2.45 billion pounds ($3.24 billion).

Thyssenkrupp AG TKA, -2.43% �rose 1% after Chief Executive Heinrich Hiesinger late Thursday submitted his resignation, spurring hopes for a change in direction at the company. The move comes less than a week after the German industrial group reached a deal to merge its European steel operations with Tata Steel Ltd. 500470, +0.22% �.

Assa Abloy AB ASSAB, -7.45% �sank 7.4% after Swedish lock maker warned of one-off costs in its second-quarter results.

Share of auto makers mostly fell as the U.S. and China tariff measures came in, as the Stoxx Europe 600 Autos and Parts Index SXAP, -1.01% �dropped 1.1%

Shares of Daimler AG DAI, -0.99% moved 1.2% lower, Volkswagen AG VOW3, -1.45% lost 1% and Renault AG RNO, -2.05% �shed 2.1%. Fiat Chrysler Automobiles NV shares FCA, -1.76% declined 1.9%, and Peugeot UG, -1.45% �fell 1.4%.BMW AG BMW, -1.03% gave up 0.5%,

Airbus SE AIR, +0.87% �were up 0.7% after the aerospace industry heavyweight said it will meet its full-year delivery targets, despite some lag during the first half of the year.

Carla Mozee

Carla Moz茅e is a reporter for MarketWatch, based in London. Follow her on Twitter @MWMozee.

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Boston Private Financial Hldg Inc (BPFH) Expected to Announce Quarterly Sales of $92.53 Million

Analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to announce $92.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $93.30 million and the lowest estimate coming in at $91.80 million. Boston Private Financial reported sales of $94.37 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Wednesday, July 25th.

According to Zacks, analysts expect that Boston Private Financial will report full-year sales of $381.70 million for the current financial year, with estimates ranging from $380.10 million to $384.20 million. For the next financial year, analysts expect that the firm will report sales of $400.87 million per share, with estimates ranging from $395.00 million to $409.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Boston Private Financial.

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Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, April 18th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial had a return on equity of 10.85% and a net margin of 11.01%. The company had revenue of $96.82 million during the quarter, compared to analyst estimates of $94.75 million. During the same period in the prior year, the company earned $0.17 earnings per share.

A number of brokerages recently commented on BPFH. BidaskClub lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, ValuEngine raised Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Boston Private Financial presently has an average rating of “Hold” and an average price target of $16.83.

In other Boston Private Financial news, EVP Martha Higgins sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.82, for a total transaction of $33,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $16.92, for a total value of $118,440.00. Following the sale, the director now owns 33,093 shares in the company, valued at $559,933.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,103 shares of company stock worth $542,118. Company insiders own 2.11% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Boston Private Financial by 2.5% during the first quarter. Principal Financial Group Inc. now owns 645,870 shares of the bank’s stock valued at $9,720,000 after purchasing an additional 15,492 shares during the period. CIBC World Markets Inc. purchased a new stake in Boston Private Financial during the first quarter valued at approximately $238,000. Xact Kapitalforvaltning AB raised its position in Boston Private Financial by 55.3% during the first quarter. Xact Kapitalforvaltning AB now owns 24,420 shares of the bank’s stock valued at $368,000 after purchasing an additional 8,700 shares during the period. Legal & General Group Plc raised its position in Boston Private Financial by 6.6% during the first quarter. Legal & General Group Plc now owns 174,751 shares of the bank’s stock valued at $2,625,000 after purchasing an additional 10,839 shares during the period. Finally, Millennium Management LLC raised its position in Boston Private Financial by 1.6% during the first quarter. Millennium Management LLC now owns 1,759,960 shares of the bank’s stock valued at $26,487,000 after purchasing an additional 26,989 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Shares of Boston Private Financial stock opened at $15.90 on Wednesday. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.85. The company has a market cap of $1.35 billion, a P/E ratio of 16.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 1.00.

About Boston Private Financial

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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