Executives of midsized U.S. businesses are looking much more optimistic about the U.S. economy in 2017, and more than three-quarters expect a positive impact from the election of President Donald Trump.
Freeport-McMoRan has failed to reach an agreement with the government of Indonesia and is implementing plans to reduce production at its Grasberg mine and lay off workers.
Tuesday, February 21, 2017, saw three large companies in the news after activist investors have targeted them. Investors have taken mixed reactions to each effort.
Jefferies sought out small and mid-cap stocks that offer growth over value, as value outperformed last year. The firm also screened for higher quality companies that were domestically oriented.
Popeyes Louisiana Kitchen saw its shares hit new highs on Tuesday after it was announced that the company would be bought out by Restaurant Brands International.
Apple on Monday filed its appeal of a $14 billion bill for back taxes owed the European Union. The government of Ireland has also filed an appeal contesting the demand.
Merrill Lynch's first-quarter ideas for the most part have acted very well, and we found some that have good upward trend action and two that were sold-off and may be offering great entry points.