4.42k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have been overbought as indicated by the RSI momentum indicator within the last week. A stock is overbought when the RSI is above 70. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Coca-Cola FEMSA, S.A.B. de C.V.
Suncor Energy Inc.
Waste Connections, Inc.
China Unicom (Hong Kong) Limited
Canadian Natural Resources Limited
Old Dominion Freight Line, Inc.
CGI Group Inc.
Imperial Oil Limited
James Hardie Industries plc
Ralph Lauren Corporation
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Diamondback Energy, Inc.
Prosperity Bancshares, Inc.
Life Storage, Inc.
HD Supply Holdings, Inc.
Cousins Properties Incorporated
Telecom Argentina S.A.
CDK Global, Inc.
Under Armour, Inc.
AXIS Capital Holdings Limited
Ron Johnson, who is the former CEO of J.C. Penney and architect of Apple's retail stores, gives his take on the future of department stores during coronavirus.
To limit further depletion in Diamondback Energy's (FANG) cash flows, the company looks set to hedge a huge portion of envisioned production for 2020.
Cousins Properties (CUZ) asset sales helps the company garner proceeds of about $533 million in the first quarter of 2020 and the company also has ample liquidity.
Waste Connections (WCN) enjoys an optimal asset positioning to generate higher profitability. Higher debt may limit the company's future expansion and worsen its risk profile.
Xerox’s attempt to buy rival US printer maker HP was never going to be easy. Coronavirus made the highly leveraged $31bn hostile offer impossible. On Tuesday, Xerox pressed the “cancel” button on a five-month pursuit.
Xerox on Tuesday dropped its unwelcomed bid to buy computer and printer maker HP for about $36 billion, blaming market turmoil caused by the coronavirus pandemic. The end of the hostile takeover campaign came less than two months after the imaging and copying giant upped by about 10 percent a bid rejected by the HP board of directors last year. "The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP," Xerox said in a statement.
Xerox announced today that it would be dropping its hostile takeover bid of HP. The drama began last fall with a flurry of increasingly angry letters between the two companies, and confrontational actions from Xerox, including an attempt to take over the HP board that had rejected its takeover overtures. All that came crashing to the ground today when Xerox officially announced it was backing down amid worldwide economic uncertainty related to the COVID-19 pandemic.
Xerox's decision came after it said earlier this month it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic. It represents a victory for HP CEO Enrique Lores, who faced a takeover battle as soon as he took over the reins of the Palo Alto, California-based company in November, and a defeat for Xerox CEO John Visentin, a former Hewlett-Packard and IBM Corp executive with ties to the private equity industry who took over as Xerox CEO in 2018. It is also a blow for billionaire investor Carl Icahn, who owns big stakes in both companies and had pushed for their merger.
Investing.com - Xerox will reportedly pull its bid to buy rival HP amid concerns about its financial ability to pull off the deal in the wake of the coronavirus-led economic disruptions.
North American oil and gas companies are facing excess supply and weak demand. While crude oil prices have plunged to 18-year lows, top producers Saudi Arabia and Russia have pledged to pump full bore. The oil and gas producer also said it would reduce the scope of a planned second-quarter turnaround at its Sarnia facility and added it was assessing other planned shutdowns across its businesses.
Fanatics is now making medical masks and gowns out of baseball jersey material to address the shortage caused by coronavirus; Nike, Under Armour and other sports retailers are also hurrying to make the same items.
The Zacks Analyst Blog Highlights: Chevron, Royal Dutch Shell, Diamondback Energy, Apache and Occidental
HP CEO Enrique Lores tells Yahoo Finance demand for PCs and printers have been strong as people work from home during the coronavirus pandemic.