Update: Friday Rally Pushes Canada's TSX 27 Points Higher, Paced by Financials and Materials

Update: Friday Rally Pushes Canada's TSX 27 Points Higher, Paced by Financials and Materials
Canada’s main stock market rallied Friday, recovering from Thursday’s triple digit losses. The S&P/TSX Composite Index added 27 points or 0.2% to close at 16,043 today. U.S. markets posted even better results, particularly the Nasdaq, up more than 1%. On Wednesday, the TSX reached a record high of 16,136 but was little changed for the week. Financials and materials led... Read More

Unilever's Buyout of Schmidt's Naturals to Bolster Portfolio

Unilever's Buyout of Schmidt's Naturals to Bolster Portfolio
Progressing with expansion of natural products portfolio, Unilever Plc UL inked a deal to buy Schmidt’s Naturals. Headquartered in Oregon, Schmidt’s specializes in personal care products such as deodorants, toothpaste and bar soaps. Management expects Schmidt’s brands to compliment Unilever’s diverse natural products portfolio and prove to be a valuable inclusion in the company’s Personal Care Business. Schmidt’s commands a... Read More

Why Mattel Inc. Stock Slumped Today

Why Mattel Inc. Stock Slumped Today
What happened Shares of Mattel, Inc. (NASDAQ: MAT) were slumping today after concerns rose again about the toy maker’s performance over the holiday season. Though there was no specific news out on the stock today, shares have been volatile all week since the company cut its holiday-quarter guidance on Monday, which seemed to be the impetus for today’s sell-off. As... Read More

Close Update: Wall Street Surges to Record Highs as GOP Tax Bill Holdouts Offer Support

Close Update: Wall Street Surges to Record Highs as GOP Tax Bill Holdouts Offer Support
Wall Street surged on Friday, with all three benchmarks hitting new record highs amid investors’ optimism a tax reform package will get enough votes from lawmakers to pass and be presented before the end of the year to President Donald Trump. Senator Marco Rubio said he will now support the bill after changes were made to the child tax credit,... Read More

Forget Fed, Special Dividends Pouring in from REITs

Forget Fed, Special Dividends Pouring in from REITs
Investors in the REIT space need not be disappointed by the FOMC meeting outcome and rate hike moves. This is because a number of REITs like Host Hotels & ResortsHST , Piedmont Office Realty TrustPDM and Weingarten Realty InvestorsWRI have announced their special dividends, which is definitely good news for income-seeking investors. Specifically, Host Hotels & Resorts has announced a... Read More

Samsung to Launch Smart Speaker Next Year

Samsung to Launch Smart Speaker Next Year
Smart speakers are here to stay, and Samsung is the latest tech giant that is interested in jumping into the market. Archrival Apple  recently announced that its forthcoming $349 HomePod would be delayed until early 2018 , while Alphabet subsidiary Google (NASDAQ: GOOG) (NASDAQ: GOOGL) just launched its $399 Google Home Max this week. Social network Facebook is even considering a... Read More