Things happening . And then i real off the positives even though the averages are spending most of the time in the red lately. Unlike today the dow dropped 100 points. S p declined 0. 63 . Nasdaq fell 0. 4 . Give it a try beginning with pet smart. Why on earth is someone paying 8. 3 billion to buy a pet store chain for 83 per share, the biggest leverage buyout of the year. 28 bucks above where the stock was seven months ago. Its not like its an amazing company. This chain is problematic. In nature frankly. It has been viewed as total amazon prey for several years as it missed quarter after quarter starting in 2012 and considered and also ran with slowing samestore sales, second rate omni channel falling by the wayside. It had been downgraded and downgraded and downgraded more. It became the butt of many jokes. Including that if amazon could ship pets, pet smart would have no more business. And in the meantime pet smart was starting to turn around but the brilliant web acquisition. An i
Gold is trading back below 13 hundred and oil above 101 dollars as the traders fear unrest overseas could lead to supply problems. Amazon has plans for a free, advertising supported streaming service for tv and music. The news caused a 10 dollar sell off in netflix last night which streams movies. And a report says brookstone which is famous for upscale gadgets is preparing to file for bankruptcy. Trader Gary Kozlowski of united futures joins us on this friday morning. Good morning. Its been way too long since weve had you on the show gary. I feel the same way. Good morning to you. Whats going on with this tech trouble . Some of these momentum namesteslatheyre all starting to fall apart. Whats happening . Its not really a falling apart. What were seeing is a lot of the fund traders pulling back. This is the end of the First Quarter so we gotta keep that in the back of our mind. Come tuesday when the first of the month rolls around youll start to see people slowly creeping back in. One
Oliver Luxxe Assets LLC purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,777 shares of the business services provider’s stock, valued at approximately $687,000. A number of other […]
Shares of TriNet Group, Inc. (NYSE:TNET – Get Free Report) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating […]
TriNet Group, Inc. (NYSE:TNET – Get Free Report) has been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. […]