Harry Potter Places a curse on Barnes Noble, Stocks sink

Call it the curse of Harry Potter.

Shares in bookseller Barnes am Noble tumbled 12 percent Thursday after the company reported a sharp drop in quarterly earnings.

It said part of the attribute was that at exactly the same period last year, its earnings got a large boost by the launch of Harry Potter and The Cursed Child. There was no similar hot seller in this year’s quarter.

The New York-based firm’s total sales dropped almost 8 percent in its fiscal second quarter that ended Oct. 28 in comparison to last year, fueling a reduction of $30.1-million. The company had a loss of $20.4-million in precisely the same quarter last year. read more

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These diminutive dividend stocks have Generated dynamite results

And now for something completely different, dividend-wise.

As pleased as I am with the returns of the stocks I typically feature in Yield Hog – utilities, pipelines, banks and other companies with relatively high and growing dividends – there is another subset of dividend payers that have done even better.

Let’s call them the diminutive dividend darlings.

These companies have yields that many investors would consider laughably small. Yet, their share prices (and, to a lesser extent, their dividends) have been climbing at a rapid pace, producing total returns that have crushed traditional dividend stocks. read more

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U.S. microcap stocks surge on cryptocurrency Guarantees

Three of the top four most actively traded U.S. stocks on Monday were either riding a cryptocurrency-fuelled surge, or pulling back from one.

Shares of Digital Power Corp, which on Monday promised a progress report on the cryptocurrency initiative of its Coolisys Technologies unit next week, had a market value of only $12.8 million on Friday.

That had more than tripled to just north of $40-million by early afternoon in New York.

Coolisys, which aims “specialized services and products not likely to be commoditized,” in August partnered with PoW Digital Mining to create a technician and services portfolio for electronic mining and cryptocurrency. read more

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Xtreme Drilling Corp. — a Profound value stock with Strong momentum

Robert Tattersall, CFA, is co-founder of the Saxon family of mutual funds and the retired chief investment officer of Mackenzie Investments.

Last June, since the company decided to return surplus cash to its shareholders through an unusual procedure called a Dutch auction. Shareholders who tendered to the auction obtained $2.40 a share in cash and the company reduced the share count from 85 million to 75 million.

I decided not to tender my shares to the auction because the book value per share was close to $4 and the quarterly earnings trend suggested that the business principles were gradually improving. As I said at the moment, I am a patient investor and Xtreme Drilling seems to be a survivor. read more

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Peter Thiel sells most of Staying Facebook stake

Facebook Inc’s first key investor Peter Thiel has sold three-quarters of the remaining stake in the social network as part of a previously recognized trading program, a regulatory filing showed.

Mr. Thiel, who’s a part of Facebook’s board had already sold more than $1-billion value of its stock before the filing made on Tuesday.

He said he had sold another 160,805 stocks for approximately $29-million, leaving his holdings at 59,913 Class A shares in the firm.

The only key title in Silicon Valley to back President Donald Trump, some have called for Mr. Thiel’s elimination from Facebook’s board. Chief Executive and co-founder Mark Zuckerberg has said he must stay, citing the importance of diversity of opinion in the organization. read more

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Look out for Graph Offenses, what to do with your Enbridge Stocks, as Well as the Bud Stock Finance dilemma

Michael ‘Irrelevant Investor’ Batnick from Ritholtz Wealth Management supplied nbsp; — investment information presented in ways that fool investors. There are 10 cases of graphics-related malfeasance recorded, which range from unfair options for beginning dates, comparing actual and nominal assets on the exact same graph, using percentages for changes in bond yields and using technical analysis on economic information.

There are charts on each non-newsletter piece I write so that the topic is, for me, a significant one. I don’t have any ambition to deceive anyone, and usually I will post graphs to social media before they are published in the event the profession portfolio managers that follow me have issues with the way the information is presented. read more

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Bitcoin, blockchain not yet investible, CPPIB States

Mark Machin, the head of Canada Pension Plan Investment Board, stated he does not believe the bitcoin and blockchain area is “investible” however, but the nation’s biggest pension fund is tracking it with attention.

“We are seeing it,” Mr. Machin said in a speech Monday. “I do not think it’s institutionally investible yet. It is really early days and there is going to be plenty of disturbance.” He said CPPIB has over a hundred people at its offices in Toronto watching the distance carefully. read more

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Battered GE shares still luring some buyers but worst may not be over

General Electric shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

Some investors still do not see enough value to warrant buying the shares, which have lost some of their lustre as a blue-chip investment.

They are sorting through massive changes announced by General Electric Co.‘s new chief executive John Flannery last Monday: hugely reduced near-term profit-growth prospects, a halved dividend, and a wave of promised divestitures. read more

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Goldman’s seven highest-conviction investing calls for 2018

In 2018, Goldman Sachs Group Inc. is doubling back on the international economy.

“Late-cycle optimism” is the main theme of the bank’s seven top trade theses, as outlined in a note Thursday by Francesco Garzarelli, co-head of international macro and markets.

Goldman’s stance is far from “America First.” In danger assets, its strategists favor emerging markets; in foreign market, commodity-linked currencies and the euro are favored.

By comparison, last year’s trade thoughts were dominated by concerns about the capacity of newly elected U.S. President Donald Trump to disrupt international trade. read more

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