The average interest rate on a new credit card hit a record 16.71%, the 10th consecutive week rates have hit new highs, according to the latest weekly report from CreditCards.com.
Rates on new plastic, which have risen as the Federal Reserve continues to hike its key borrowing rate as the economy gets stronger, are the highest since CreditCards.com began tracking them in mid-2017.
The national average credit-card rate has risen by 0.56% in the past six months, based on 100 of the most popular cards from dozens of lenders but excluding introductory ��teaser�� rates. And costs could jump at least another half percentage point this year if the Fed raises rates two more times as expected.
The bottom line: Credit-card borrowers can expect to pay more on stuff they buy with plastic if they can��t pay the balance off every month. At the end of 2017, the average credit-card balance was $6,354, according to credit bureau Experian. More than four in 10 cardholders (44%) had balances in the final quarter of 2017, American Bankers Association research shows. At the average rate for a new card, the annual interest rate cost would be $1,092, or $91 a month, for someone carrying a balance of $6,354.
Top Stocks To Invest In Right Now: Navistar International Corporation(NAV)
Advisors' Opinion:- [By Paul Ausick]
While the transition period from one chief executive officer to another has barely gotten started at Volkswagen, some big changes may already be afoot. VW’s commercial-vehicles unit, Volkswagen Truck & Bus, is looking at the possibility of buying more shares in U.S. truck maker Navistar International Corp. (NYSE: NAV) or even acquiring the whole company outright.
- [By Asit Sharma]
Navistar International Corporation's (NYSE:NAV)�fiscal second-quarter 2018 results, released earlier this month, revealed that the commercial truck manufacturer is utilizing its capacity to take advantage of favorable economic conditions. Revenue rose nearly 16%, to $2.4 billion, during the last three months, and Navistar posted net profit of $55 million against a loss of $80 million in the prior-year quarter.
- [By Joseph Griffin]
NavCoin (NAV) is a PoW/PoS coin that uses the X13 hashing algorithm. It launched on June 6th, 2014. NavCoin’s total supply is 62,938,003 coins. The Reddit community for NavCoin is /r/NavCoin and the currency’s Github account can be viewed here. NavCoin’s official Twitter account is @NavCoin. The official website for NavCoin is www.navcoin.org. The official message board for NavCoin is medium.com/nav-coin.
- [By Ethan Ryder]
NavCoin (CURRENCY:NAV) traded up 3.1% against the US dollar during the 24 hour period ending at 12:00 PM ET on May 14th. NavCoin has a market cap of $69.58 million and approximately $924,266.00 worth of NavCoin was traded on exchanges in the last day. Over the last week, NavCoin has traded 12.8% lower against the US dollar. One NavCoin coin can now be bought for $1.11 or 0.00012616 BTC on cryptocurrency exchanges including LiteBit.eu, Upbit, cfinex and Poloniex.
Top Stocks To Invest In Right Now: iShares Core S&P Total US Stock Mkt (ITOT)
Advisors' Opinion:- [By Todd Shriber, ETF Professor]
Hundreds of exchange traded funds offer investors broad market exposure and many do so with nominal fees. Among the least expensive is the iShares Core S&P Total U.S. Stock Market ETF (NYSE: ITOT).
Top Stocks To Invest In Right Now: Acorn International, Inc.(ATV)
Advisors' Opinion:- [By Lisa Levin] Gainers Axovant Sciences Ltd. (NASDAQ: AXON) shares rose 23.7 percent to $1.49. Axovant announced strengthening of management team and completion of organization restructuring which "enhanced capabilities in research and business development" and reduced internal headcount by 43 percent. Mammoth Energy Services, Inc. (NASDAQ: TUSK) shares jumped 19.8 percent to $37.3148. Mammoth Energy’s subsidiary Cobra signed a new $900 million contract to finish the restoration of critical electrical services and support the initial phase of reconstruction of the electrical utility system in Puerto Rico. Acorn International, Inc. (NYSE: ATV) shares gained 19 percent to $34.0201. Acorn shares rose Friday after the company declared a special one-time cash dividend of $14.97 per ADS. DHI Group, Inc. (NYSE: DHX) shares surged 19 percent to $2.20. My Size, Inc. (NASDAQ: MYSZ) climbed 16.8 percent to $1.18 after the company received a Notice of Allowance from the USPTO for measurement technology patent. Global Eagle Entertainment Inc. (NASDAQ: ENT) gained 16.6 percent to $2.32. Leju Holdings Limited (NYSE: LEJU) gained 16.5 percent to $1.34 following Q1 beat. Evolus, Inc. (NASDAQ: EOLS) shares surged 16.5 percent to $26.1499. Evolus named Lauren Silvernail as Chief Financial Officer and Executive Vice President, Corporate Development. Jupai Holdings Limited (NYSE: JP) shares gained 15 percent to $26.29 after reporting Q1 results. Momo Inc. (NASDAQ: MOMO) shares gained 15 percent to $44.7702 after the company reported better-than-expected results for its first quarter and issued strong sales forecast for the second quarter. Windstream Holdings, Inc. (NASDAQ: WIN) rose 15 percent to $7.075. China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) gained 14.4 percent to $2.746. American Woodmark Corporation (NASDAQ: AMWD) climbed 14.2 percent to $101.10 after the company reported upbeat Q4 results. Savara Inc. (NAS
- [By Lisa Levin]
Shares of Acorn International, Inc. (NYSE: ATV) got a boost, shooting up 15 percent to $28.6813 after the company declared a special one-time cash dividend of $14.97 per ADS.
- [By Lisa Levin] Gainers Melinta Therapeutics, Inc. (NASDAQ: MLNT) shares surged 20.6 percent to $6.39. WBB Securities upgraded Melinta Therapeutics from Hold to Speculative Buy. Shoe Carnival, Inc. (NASDAQ: SCVL) shares climbed 17.2 percent to $30.87 after the company reported upbeat quarterly earnings. Acorn International, Inc. (NYSE: ATV) shares rose 15.2 percent to $28.804 after the company declared a special one-time cash dividend of $14.97 per ADS. Foot Locker, Inc. (NYSE: FL) gained 15 percent to $53.35 after the company reported better-than-expected results for its first quarter. Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) surged 14.2 percent to $2.625. ArQule, Inc. (NASDAQ: ARQL) rose 13 percent to $5.12 after gaining 4.86 percent on Thursday. Quality Systems, Inc. (NASDAQ: QSII) gained 12.8 percent to $16.97 after the company posted better-than-expected FQ4 results. Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) shares rose 12 percent to $12.94. ArQule, Inc. (NASDAQ: ARQL) shares rose 12 percent to $5.07. Mirati Therapeutics, Inc. (NASDAQ: MRTX) climbed 11.4 percent to $43.50. Zai Lab Limited (NASDAQ: ZLAB) gained 11.3 percent to $24.7000. Zymeworks Inc. (NASDAQ: ZYME) rose 9.7 percent to $19.64. Park City Group, Inc. (NASDAQ: PCYG) climbed 9 percent to $7.90. Roku, Inc. (NASDAQ: ROKU) gained 7.9 percent to $38.82 after Citron reversed previously bearish position on the stock. Sears Holdings Corporation (NASDAQ: SHLD) shares jumped 7.3 percent to $3.55. Deckers Outdoor Corp (NYSE: DECK) rose 3.5 percent to $107.27 after reporting better-than-expected results for its fiscal fourth quarter.
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Top Stocks To Invest In Right Now: M&T Bank Corporation(MTB)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on M&T Bank (MTB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
IFM Investors Pty Ltd grew its stake in shares of M&T Bank (NYSE:MTB) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,289 shares of the financial services provider’s stock after buying an additional 383 shares during the period. IFM Investors Pty Ltd’s holdings in M&T Bank were worth $791,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
M&T Bank (NYSE: MTB) and S.Y. Bancorp (NASDAQ:SYBT) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, earnings, dividends, valuation and profitability.
- [By Shane Hupp]
M&T Bank Co. (NYSE:MTB) insider Robert J. Bojdak sold 1,570 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $177.93, for a total value of $279,350.10. Following the sale, the insider now directly owns 20,501 shares in the company, valued at approximately $3,647,742.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
- [By Logan Wallace]
Amundi Pioneer Asset Management Inc. lifted its position in M&T Bank Co. (NYSE:MTB) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,374 shares of the financial services provider’s stock after buying an additional 35,785 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.17% of M&T Bank worth $44,499,000 as of its most recent SEC filing.
Top Stocks To Invest In Right Now: SodaStream International Ltd.(SODA)
Advisors' Opinion:- [By Max Byerly]
Sodastream International Ltd (NASDAQ:SODA) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $99.20.
- [By Demitrios Kalogeropoulos]
SodaStream�(NASDAQ:SODA) recently announced surprisingly strong first-quarter earnings as sales growth sped up to a 25% pace and profitability improved. The seller of at-home carbonated beverage machines is benefiting from a long-term trend of rising global demand for sparkling water.
- [By Chris Lange]
SodaStream International Ltd. (NASDAQ: SODA) reported its fourth-quarter financial results before the markets opened on Wednesday. The company said that it had $1.13 in earnings per share (EPS) on $157.7 million in revenue, which compares with consensus estimates from Thomson Reuters of $0.80 in EPS on revenue of $151.57 million. In the same period of last year, it said it had EPS of $0.71 and $131.8 million in revenue.
- [By Jeremy Bowman, Rich Smith, and John Bromels]
Buffett fans probably already have a sense of what kind of stocks the Oracle of Omaha like, but you may not have thought of these three. Keep reading to see why our contributors recommend�ExxonMobil�(NYSE:XOM),�Comcast�(NASDAQ:CMCSA), and�SodaStream International�(NASDAQ:SODA).
- [By Timothy Green, Demitrios Kalogeropoulos, Keith Speights, Neha Chamaria, and Rich Smith]
What stocks should you invest in? Five of our Motley Fool investors have some ideas. Here's why you should consider adding Gilead Sciences (NASDAQ:GILD), International Business Machines (NYSE:IBM), 3M Company (NYSE:MMM), SodaStream International (NASDAQ:SODA), and SolarEdge Technologies (NASDAQ:SEDG) to your portfolio in June.
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