PG&E Corp. suffered another legal setback with a judge saying he won’t release the company from a key legal claim over the most destructive wildfires in California history.
PG&E has been challenging a California law allowing private property owners to hold the utility 100 percent responsible for any losses caused by its equipment or power lines even if it didn’t act negligently. Edison International, owner of the dominant utility in southern California, is also facing the prospect of multibillion-dollar payouts under the same law over a record-setting blaze near Los Angeles.
Friday’s tentative ruling marks the second time in a month a state judge has refused to spare PG&E from having to face a claim under inverse condemnation.
“There is no basis for PG&E’s argument that imposing inverse condemnation liability” is unconstitutional unless the utility is guaranteed to “automatically recover” its costs through rate hikes, Superior Court Judge Curtis Karnow said in the ruling.
Top 5 Stocks To Invest In Right Now: Pacific Mercantile Bancorp(PMBC)
Advisors' Opinion:- [By Ethan Ryder]
PNC Financial Services (NYSE: PNC) and Pacific Mercantile Bancorp (NASDAQ:PMBC) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, earnings, risk, dividends, profitability and analyst recommendations.
- [By Joseph Griffin]
Pacific Mercantile Bancorp (NASDAQ:PMBC) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Pzena Investment Management (NYSE:PZN) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
Top 5 Stocks To Invest In Right Now: Forward Air Corporation(FWRD)
Advisors' Opinion:- [By Stephan Byrd]
Forward Air Co. (NASDAQ:FWRD) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.00.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Forward Air (FWRD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Forward Air (NASDAQ: FWRD) and Echo Global Logistics (NASDAQ:ECHO) are both small-cap transportation companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, risk, analyst recommendations, dividends, institutional ownership and profitability.
Top 5 Stocks To Invest In Right Now: Dorman Products, Inc.(DORM)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Dorman Products (DORM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Honeywell (NYSE: HON) and Dorman Products (NASDAQ:DORM) are both multi-sector conglomerates companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst recommendations and profitability.
- [By Max Byerly]
Get a free copy of the Zacks research report on Dorman Products (DORM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Stocks To Invest In Right Now: Randgold Resources Limited(GOLD)
Advisors' Opinion:- [By Todd Campbell]
If these reasons have you interested in adding gold mining stocks to your portfolio, a few top companies to consider are Barrick Gold (NYSE:ABX), Randgold Resources (NASDAQ:GOLD), Newmont Mining (NYSE:NEM), Freeport McMoran (NYSE:FCX) and Goldcorp (NYSE:GG). All five could benefit if gold prices rally, so let's learn more about them.
- [By Maxx Chatsko]
Nonetheless, there are many smaller players with slick investor presentations making promises of big rewards. That could sound intriguing if you've caught the gold bug, but it's important to remember the risks involved when investing in the industry. Luckily, some gold stocks come with big red flags and flashing red lights. Here's why investors might want to avoid Hecla Mining (NYSE:HL), Tahoe Resources (NYSE:TAHO), and Randgold Resources (NASDAQ:GOLD).
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers MDC Partners Inc. (NASDAQ: MDCA) fell 23.4 percent to $5.25 in pre-market trading after a first-quarter earnings miss. Hudson Technologies Inc. (NASDAQ: HDSN) shares fell 15.1 percent to $3.48 in pre-market trading after the company reported downbeat Q1 earnings. Nuance Communications, Inc. (NASDAQ: NUAN) fell 14 percent to $13.15 in pre-market trading after the company posted downbeat Q2 earnings and lowered FY18 organic growth guidance. Myomo, Inc. (NYSE: MYO) fell 13.2 percent to $3.10 in pre-market trading after reporting downbeat quarterly results. Rowan Companies plc (NYSE: RDC) shares fell 10.7 percent to $14.13 in pre-market trading after climbing 8.50 percent on Wednesday. BT Group plc (NYSE: BT) fell 9 percent to $14.80 in pre-market trading after the company reported Q4 results and announced plans to cut 13,000 jobs over the next three years. Exelixis, Inc. (NASDAQ: EXEL) fell 8.3 percent to $19.90 in pre-market trading after the company disclosed that IMblaze370 Phase 3 pivotal trial of atezolizumab and cobimetinib in patients with heavily pretreated locally advanced or metastatic colorectal cancer did not meet primary endpoint. Infinera Corporation (NASDAQ: INFN) fell 8.2 percent to $10.80 in pre-market trading after reporting Q1 results. Synaptics, Incorporated (NASDAQ: SYNA) shares fell 7.4 percent to $43.00 in pre-market trading. Synaptics reported better-than-expected earnings for its third quarter, while sales missed estimates. Randgold Resources Limited (NASDAQ: GOLD) shares fell 7.4 percent to $76.23 in pre-market trading after reporting Q1 earnings. Integra LifeSciences Holdings Corporation (NASDAQ: IART) shares fell 7 percent to $59.36 in pre-market trading. Integra LifeSciences priced its 5.25 million share public offering of common stock at $58.50 per share. Array BioPharma Inc. (NASDAQ: ARRY) shares fell 6.9 percent to $12.75 in pre-m - [By Stephan Byrd]
Get a free copy of the Zacks research report on Randgold Resources (GOLD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Stocks To Invest In Right Now: Ryman Hospitality Properties, Inc.(RHP)
Advisors' Opinion:- [By Joseph Griffin]
Ryman Hospitality Properties (NYSE:RHP) – Equities research analysts at SunTrust Banks boosted their Q2 2018 earnings per share (EPS) estimates for Ryman Hospitality Properties in a research note issued on Wednesday, May 2nd. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will earn $1.80 per share for the quarter, up from their previous estimate of $1.74. SunTrust Banks has a “Outperform” rating and a $70.00 price target on the stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q3 2018 earnings at $1.18 EPS, Q1 2019 earnings at $1.44 EPS, Q2 2019 earnings at $2.10 EPS, Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $2.13 EPS and FY2019 earnings at $7.09 EPS.
- [By Shane Hupp]
Ryman Hospitality Properties (NYSE:RHP)’s share price hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $80.07 and last traded at $79.93, with a volume of 191025 shares. The stock had previously closed at $79.56.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Ryman Hospitality Properties (RHP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Press coverage about Ryman Hospitality Properties (NYSE:RHP) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ryman Hospitality Properties earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.1274209271699 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
