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Financial News

64
Tesla Is Still Worth More Than GM

2h 247wallst - 1
Despite a sell-off in Tesla, Inc’s (NASDAQ: TSLA) stock due to the erratic behavior of CEO Elon Musk, SEC scrutiny of his public statements, rumored turmoil among board members, and risks that it can’t hit production targets, the electric car company’s market value is still higher than that of General Motors Company (NYSE: GM). GM sells about 10 million cars a year. Tesla delivered slightly more than 40,000 last quarter.
TSLA GM

47
High Yield Retirement Income Strategy: Quality Over Quantity

2h seekingalpha - 1
Long-time Seeking Alpha dividends & income contribution David Alton Clark is no stranger to high yield retirement income opportunities.
BAC BAC XKE CTL

37
Walmart Sharpens As Amazon Efficiency Edge Dulls

3h seekingalpha
Walmart's (NYSE:WMT) strengths are coming into sharper focus. The $270 billion retailer increased quarterly sales on Thursday. That pales next to its Seattle rival's latest growth rate. But Walmart's workers are as productive as ever while Amazon (NASDAQ:AMZN) is employing many more and getting less in return.
AMZN WMT

17
Week In Review: Shanghai ChemPartner, A China CRO/CMO, Completes Reverse Merger

46m seekingalpha
Shanghai ChemPartner, a CRO/CMO, closed its reverse merger with Quantum Hi-Tech China Biological (SZE:300149) for a combination of cash and stock. ChemPartner said it will have easier access to additional capital as a listed entity. Quantum makes probiotics for packaged foods, and its operations will remain separate from ChemPartner's. The merger was first announced over a year ago, though terms of the agreement have not been disclosed.
BGX AVEO BX BGLF CHNA WXXWY BGB

16
No Encore, Deck Still Stacked For Midstream

1h seekingalpha
The string of successive positive weeks for midstream ended this week. Midstream stocks were down roughly 1% across MLP and midstream indexes. Canadian Midstream stocks outperformed for the first time in a while. Utilities had a very strong week and the S&P was slightly positive. Oil prices continue to languish, now down 7 straight weeks, while natural gas prices continue to hold firm.
TGE CQP AMID PAGP ENB CEQP HCLP KMI HESM DKL TRP EBBNF OKE PAA ED KMR CVB NEE ENBBF TRP KEYUF LNG GLPRU ENLC ENB GBNXF ETP GLP SEMG TRGP KMRFZ

6
China’s 750 Million Internet Users Too Big A Temptation For Google

1h 247wallst
Based on China government statistics, there are over 750 million internet users in the country. Over nine out of ten of them access the internet on mobile devices. And the penetration of internet users to the population is a little more than half compared to well over 95% in the U.S. Alphabet Inc’s (NASDAQ: GOOG) Google has allegedly taken aim at a better market share in China, which will mean censoring some of its search results.
GOOGL GOOG BIDU

8
Monex chief sees a blockchain future for finance industry

3h japantimes.co.jp - 1
In 1999 former Goldman Sachs investment banker Oki Matsumoto launched an online brokerage with some clear goals in mind: to create an ideal future for personal finance and to encourage Japanese who are hoarding their savings to actively invest.
MZHOF MNXBY 8306 MUFG SNE 8411 8698 SNEJF MBFJF MTU MFG MNXBF

4
Google's following you and Greyhound bus deserts: CBC's Marketplace consumer cheat sheet

48m cbc.ca
Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need.
THI

7
Square Is On The Rise

3h seekingalpha - 1
For nearly a year now, mobile payments firm Square's (NYSE: SQ) stock has been on the rise. Its recent financial results may not have been spectacular, but the usage metrics continue to impress the market, taking its stock to record highs.
SQ PYPL EBAY

16
Weekly Commentary: Instability

7h seekingalpha
With the Turkish lira down another 6.6% in Monday trading, global "Risk Off" market Instability was turning acute. The U.S. dollar index jumped to an almost 14-month high Monday, as the Turkish lira, Argentine peso, Indian rupee and others traded to record lows versus the greenback. The South African rand "flash crashed" 10%, before recovering to a 2.3% decline. Brazil's sovereign CDS jumped 14 bps Monday to a six-week high 252.
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Latest Activist 13D and 13G Filings

Every investor that acquires 5% of a company is required to file a beneficial ownership filing, which is either a Form 13D or Form 13G, within ten (10) days of the event. If the investor intends to influence management, then they are considered an activist investor and must file a 13D. There is evidence that suggests investing alongside activist investors is a stock market investing strategy that can produce excess returns. This free screener shows all of the required Schedule 13D filings made by activist investors.

Stock Screens

Stock screens allow users to filter the companies listed on the stock market by various attributse, in order to screen out those that are undesirable. Stock screens on Fintel are made from a rich formula language that allows the utmost flexibility.

The fundamental task in investing is finding mispricings in price v. quality. There are a lot of cheap companies in the market, but most of them are cheap for very good reasons. The trick is finding companies that are cheap but actually healthy. In 2000, Joseph Piotroski wrote a paper in which he described a mathematical model that turned data from financial reports into a simple 9-point score that described a company’s health. He showed that this score, combined with a valuation metric (he used Book-To-Market), could be used successfully to produce excess returns in an investing strategy. This stock screener finds all companies with a score greater than six (which we call “healthy enough”). In his work, he suggested taking a list like this and buying the cheapest of that list. Note that many people believe, incorrectly, that buying companies with the best score is the proper approach, but they end up overpaying for quality. Remember, the goal is to find mispricings in price and quality, not overpay for high quality.  
Companies with Return on Invested Capital (ROIC) > 15%  
Finds all companies with an activist investor filing in the last year  
Finds companies where Price to Book Value < 1.0;  
Companies with negative enterprise value generally get this way because they have a lot of cash. (Cash is subtracted when calculating EV). There is some evidence that negative enterprise value companies outperform the market, so companies matching this screen might be undervalued.  
For investors desiring income over capital appreciation, companies that pay dividends regularly are a great way to generate a steady cash flow. As in any purchase, the goal is to get most value for your dollar, and with dividends, a key metric is dividend yield. The dividend yield is the annual dividend paid divided by the current share price. Higher yields are better. This stock screen finds all securities with a dividend yield greater than 4%.  
This stock screen finds microcap companies with positive annual revenue.  
This is Benjamin Graham's Net Net Working Capital Screen  
The Net Current Asset Value (NCAV) is a conservative valuation metric popularized by Benjamin Graham. To calculate it, simply subtract the total liabilities from a company’s current assets. To calculate NCAVPS (Net Current Asset Value Per Share), divide the NCAV by the number outstanding shares. This stock screener takes Ben Graham’s more conservative approach and uses ⅔ of the NCAV.