Interest rates are rising, making debt much more expensive for capital-intensive industries across America. But there’s at least one exception: the solar business.
While the cost of borrowing has been increasing since 2016, some banks are taking a smaller cut to win deals from solar developers. Loans of seven years or longer can be obtained for 137.5 basis points over the benchmark London Interbank Offered Rate, or Libor, down from as much as 200 basis points last year, said Keith Martin, a project-finance attorney at Norton Rose Fulbright LLP. Even the higher-rate loans for residential projects are getting cheaper.
“Investor confidence has increased, causing debt costs to fall despite rising interest rates,” said Ed Fenster, executive chairman of Sunrun Inc., the largest U.S. residential-solar company. “Our spreads are coming down faster than the base rate is increasing.”
Poised to ReboundU.S. solar installations are expected to increase after a down 2018
Top 5 Cheap Stocks To Watch For 2019: Kohl's Corporation(KSS)
Advisors' Opinion:- [By Benzinga News Desk]
Billionaire hedge funder Dan Loeb is seeing more opportunities to bet against the market this year: Link
ECONOMIC DATA USA Import Price Index (MoM) for Apr 0.30% vs 0.50% Est; Prior 0.30% The University of Michigan's consumer sentiment index for May is schedule for release at 10:00 a.m. ET. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET. ANALYST RATINGS JPMorgan upgraded Verizon (NYSE: VZ) from Neutral to Overweight Stifel upgraded Kimbell Royalty Partners (NYSE: KRP) from Hold to Buy Credit Suisse downgraded Kohl's (NYSE: KSS) from Outperform to Neutral BTIG downgraded Symantec (NASDAQ: SYMC) from Buy to NeutralThis is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Paul Ausick]
Kohl��s Corp. (NYSE: KSS) reported first-quarter fiscal 2018 results before markets opened Tuesday. The department store retailer reported adjusted diluted earnings per share (EPS) of $0.64 on total revenues of $4.21 billion. In the first quarter of 2017, the company reported EPS of $0.39 on revenue of $4.01 billion. First-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.50 and $3.95 billion in revenue.
- [By Adam Levine-Weinberg]
Nearly a year ago, J.C. Penney (NYSE:JCP) installed toy shops in all of its stores. The timing was fortuitous, and it will give J.C. Penney a great opportunity to earn incremental sales. Last week, Kohl's (NYSE:KSS) revealed that it too plans to capitalize on the demise of Toys R Us by diving into the toy market in time for the 2018 holiday shopping season.
- [By Shane Hupp]
Ostrum Asset Management acquired a new stake in shares of Kohl’s Co. (NYSE:KSS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,512 shares of the company’s stock, valued at approximately $1,016,000.
Top 5 Cheap Stocks To Watch For 2019: Rent-A-Center Inc.(RCII)
Advisors' Opinion:- [By Logan Wallace]
AerCap (NYSE: AER) and Rent-A-Center (NASDAQ:RCII) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, risk, analyst recommendations and valuation.
- [By ]
Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Rent-A-Center Increased by KeyCorp (RCII)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3350595/q1-2018-eps-estimates-for-rent-a-center-increased-by-keycorp-rcii.html.
- [By Shane Hupp]
Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.
- [By Logan Wallace]
OMERS ADMINISTRATION Corp decreased its holdings in shares of Rent-A-Center Inc (NASDAQ:RCII) by 52.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,200 shares of the company’s stock after selling 79,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.14% of Rent-A-Center worth $623,000 as of its most recent SEC filing.
Top 5 Cheap Stocks To Watch For 2019: Wendy's/Arby's Group Inc.(WEN)
Advisors' Opinion:- [By ]
In the Lightning Round, Cramer was bullish on Spirit AeroSystems (SPR) , Take-Two Interactive (TTWO) , Dunkin Brands (DNKN) and Wendy's (WEN) .
Cramer was bearish on Bristol-Myers Squibb (BMY) and Univar (UNVR) .
- [By Leo Sun]
However, the fast casual market became increasingly crowded with rival chains like Panera Bread and Chipotle, and Zoe's got squeezed between traditional dine-in restaurants like Darden's Olive Garden and evolving fast food players like Wendy's (NASDAQ:WEN) and McDonald's (NYSE:MCD).
- [By Jeremy Bowman]
The chart below shows how McDonald's compares with some of its closest peers based on its valuation and expected growth rate.
Company P/E Ratio 2-Year Expected EPS Growth Rate McDonald's (NYSE:MCD) 26.2 23.6% Starbucks (NASDAQ:SBUX) 26.2 27.3% Wendy's (NASDAQ:WEN) 21.8 58.1% Restaurant Brands International�(NYSE:QSR) 21.4 41.9% Yum! Brands�(NYSE:YUM) 23.2 29.7%Data source: Yahoo! Finance. EPS = earnings per share.
- [By Joseph Griffin]
Hsbc Holdings PLC lowered its position in shares of Wendys Co (NASDAQ:WEN) by 91.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,590 shares of the restaurant operator’s stock after selling 299,154 shares during the quarter. Hsbc Holdings PLC’s holdings in Wendys were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Logan Wallace]
Wendy’s (NASDAQ:WEN) major shareholder Edward P. Garden sold 764,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.53, for a total value of $12,628,920.00. Following the completion of the sale, the insider now directly owns 240,365 shares of the company’s stock, valued at approximately $3,973,233.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Top 5 Cheap Stocks To Watch For 2019: UnitedHealth Group Incorporated(UNH)
Advisors' Opinion:- [By Paul Ausick]
The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was UnitedHealth Group Inc. (NYSE: UNH) which traded up 0.87% at $222.34. The stock’s 52-week range is $156.09 to $231.77. Volume was about a two-thirds less than the daily average of around 3 million shares. The company had no specific news.
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded up 0.37% at $220.41. The stock’s 52-week range is $156.09 to $231.77. Volume was about a 65% below the daily average of around 3 million shares. The company had no specific news.
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded up 2.46% at $238.63. The stock’s 52-week range is $156.09 to $238.95, a new 52-week high set this afternoon. Volume was about 33% above the daily average of around 3 million shares. The company had no specific news Wednesday.
- [By Joseph Griffin]
Traders sold shares of UnitedHealth Group (NYSE:UNH) on strength during trading on Wednesday. $83.82 million flowed into the stock on the tick-up and $145.51 million flowed out of the stock on the tick-down, for a money net flow of $61.69 million out of the stock. Of all companies tracked, UnitedHealth Group had the 16th highest net out-flow for the day. UnitedHealth Group traded up $2.22 for the day and closed at $241.72
Top 5 Cheap Stocks To Watch For 2019: S&P Smallcap 600(PH)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on Parker Hannifin (PH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
State Board of Administration of Florida Retirement System reduced its position in Parker Hannifin (NYSE:PH) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,950 shares of the industrial products company’s stock after selling 6,667 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Parker Hannifin worth $29,580,000 as of its most recent SEC filing.
- [By Logan Wallace]
Ardevora Asset Management LLP reduced its stake in shares of Parker Hannifin (NYSE:PH) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 154,400 shares of the industrial products company’s stock after selling 800 shares during the quarter. Ardevora Asset Management LLP’s holdings in Parker Hannifin were worth $26,407,000 as of its most recent filing with the Securities & Exchange Commission.
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