On Monday, Progressive Corp (NYSE:PGR)’s shares declined -0.65% to $27.59.
One of the hottest players of the 2015 NBA Finals was extremely cold on the floor during Game 4. Cleveland Cavaliers guard Matthew Dellavedova (“Delly”) was 3-14 from the field in 33:24 minutes of play and only logged 10 points after scoring 20 in a Game 3 win against the Golden State Warriors. From 3-point range, Dellavedova was an abysmal 2-9. He hopes to improve that stat line in Game 5 when the Cavaliers go on the road to Oakland. But most important for one group of Cavaliers fans will be Delly’s ability to get to the charity stripe and knock down his free throws.
Before the tip-off for Game 4, Cleveland-based Progressive Corp (PGR) Insurance declared that it will make a $1,000 donation to the Boys & Girls Clubs of Cleveland for each free-throw that Dellavedova makes throughout the rest of the 2015 NBA Finals. Progressive put a cap of $40,000 on the charitable endeavor.
In Game 4, Dellavedova only reached the free-throw line twice, but knocked down both shots. Thus, Progressive is presently obligated to pay $2,000 to the Boys & Girls Clubs of Cleveland. Through 4 NBA Finals games, Dellavedova has only attempted 9 free-throws and has sunk 6 of them.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products include personal auto insurance; and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.
Discover Financial Services (NYSE:DFS)’s shares dropped -1.89% to $58.22.
Discover Financial Services (DFS) reveals that the vast majority of parents continue to see the importance of their child obtaining a college education, yet fewer are planning to assist pay for it contrast to just three years ago – down from 81 percent in 2013 to 75 percent in 2015.
When asked how much responsibility their child should have in paying for college, nearly half of parents, 46 percent, said their children should fund at least some of the cost, while 45 percent of parents said they expect their child to pay for most or all of their education.
To cover college expenses, more parents anticipate that their child will use student loans contrast to three years ago. This year, 54 percent of parents said their child is planning to take out student loans, as contrast to 50 percent in 2013.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
At the end of Monday’s trade, Ciena Corporation (NYSE:CIEN)‘s shares surged -1.01% to $25.90.
To support a new high-speed nationwide backbone network throughout the United Kingdom, O2, the commercial brand of Telefónica UK Limited, is deploying Ciena’s (CIEN) converged packet optical solutions. With this scalable 100G network, O2 has more flexibility in how the network is controlled and configured and can satisfy growing unpredictable demands for high-bandwidth mobile, video and cloud services. This new backbone network will connect major UK cities, counting London, Manchester, Edinburgh and Liverpool, and enable O2 to deliver web-scale services to support massive growth in data center and network virtualization demands.
Key Facts:
- This new network, powered by Ciena’s 6500 Packet-Optical platform, and equipped with WaveLogic 3 Coherent Optical Processors, will accommodate several terabits of traffic in O2’s backbone and, at the same time, respond dynamically to any demand changes. The ROADM-based network also provides flexible, low latency connectivity ensuring a superior end user experience.
- Additionally, O2 is deploying the 6500 platform equipped with packet switch modules, which enable seamless integration of packet and optical technologies to reduce total cost of operation and time-to-market for new services.
- Ciena’s OneControl Unified Administration System will provide O2 with comprehensive service visualization and network diagnostics, resulting in the efficient use of critical network assets and bandwidth optimization. O2 is also using a range of professional services via Ciena Specialist Services, counting network planning, installation and turn-up services.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide. The company’s Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching.
Macy’s, Inc. (NYSE:M), ended its Monday’s trading session with -0.91% loss, and closed at $68.98.
Macy’s, Inc. (NYSE:M) has been one of the retail sector’s – and the market’s – top performers (at least in terms of comprising upside trajectory) for quite a while now.
The big bet by institutions has been on the affluent consumer ongoing to pump their cash into stores like Macy’s, Nordstrom and Tiffany in addition to the luxury car dealers.
However, while Macy’s has yet to show signs of weakness, some of their peers have shown some cracks in their technical foundation already.
Overall
Macy’s has been a winner among winners over the last six years. Even if a drop to the lower edge of the uptrend channel occurs, the stock would still likely have a bullish overall pattern.
Such a drop (nearly 25%), though, would likely be too much pain for most traders to take. However, a monthly close above $69.25 would open the door to more upside as a new, higher uptrend channel would likely be established.
It is somewhat hard to believe that investors are going to be willing to continue to pay these prices for a company that has a fairly heavy debt load – and for which the tailwinds of low interest rates could turn into the headwinds of rising rates at some point soon.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
