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PPG Industries Takes A Hit From Natural Disasters, But Buyers Aren't Deterred
Monday, September 25, 2017 - 1:18pm | 355Read More...On Monday morning, PPG Industries, Inc. (NYSE: PPG) updated its guidance and informed investors that the recent natural disasters, including hurricanes Maria, Irma and Harvey and the earthquakes in Mexico, will cost the company between 5 and 10 cents in diluted EPS in the third quarter. Despite the...
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Economist: 'Blissfully Ignorant' Wall Street May See Downturn Due To Real-World Realities
Sunday, September 3, 2017 - 12:31pm | 591Read More...A summer vacation season filled with anxiety may have finally provided Wall Street with a wake-up call. But it may be too late to avoid a downturn. From Hurricane Harvey to tax reform to the debt ceiling to the very social stability of the United States, the markets are likely to show signs that it...
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BMO Says RV Stocks Aren't The Way To Play Hurricane Harvey
Friday, September 1, 2017 - 12:09pm | 372Read More...There have been plenty of stocks on the move this week in the aftermath of Hurricane Harvey. However, BMO Capital Markets says investors should think twice about buying RV stocks as a Harvey trade. Analysts such as Baird Equity Research’s Craig Kennison, expect major demand for RVs from the...
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Petroleum Paradox Explained: Why Crude Prices Are Dropping And Gasoline Prices Rising In The Wake Of Harvey
Wednesday, August 30, 2017 - 2:16pm | 397Read More...Oil prices are dropping and gasoline prices are rising because of Tropical Storm Harvey’s impact on Texas, when the two usually move in concert. Why the dramatic divergence? Harvey knocked out half the oil-refining capacity in Texas, which converts 30 percent of the nation’s crude, LPL...
