Ishares S&P 500 (IVV) Shares Sold by Gratus Capital LLC

Gratus Capital LLC decreased its position in Ishares S&P 500 (NYSEARCA:IVV) by 19.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,105 shares of the company’s stock after selling 1,898 shares during the period. Gratus Capital LLC’s holdings in Ishares S&P 500 were worth $2,151,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC bought a new stake in Ishares S&P 500 in the 4th quarter valued at $170,000. SeaCrest Wealth Management LLC bought a new stake in Ishares S&P 500 in the 4th quarter valued at $180,000. Hemenway Trust Co LLC bought a new stake in Ishares S&P 500 in the 4th quarter valued at $201,000. WealthTrust Fairport LLC bought a new stake in Ishares S&P 500 in the 4th quarter valued at $201,000. Finally, HC Financial Advisors Inc. bought a new stake in Ishares S&P 500 in the 4th quarter valued at $202,000.

Get Ishares S&P 500 alerts:

IVV opened at $273.98 on Tuesday. Ishares S&P 500 has a 12 month low of $241.58 and a 12 month high of $288.69.

Ishares S&P 500 Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor��s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.

Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ishares S&P 500 (NYSEARCA:IVV).

Top 10 Undervalued Stocks To Buy Right Now

tags:TSU,INGN,UBNK,MTSL,USFD,COTV,KONE,THO,SBUX,BEN,

In November 2017, chip giant Broadcom (NASDAQ:AVGO) offered to buy fellow chipmaker�Qualcomm (NASDAQ:QCOM) for $70 per share, a 28% premium to Qualcomm's closing price before speculation about the bid leaked. Qualcomm shares had been significantly depressed prior to Broadcom's offer amid an ugly legal battle with Apple (NASDAQ:AAPL) that threatened to destroy Qualcomm's wireless technology licensing operation -- its biggest profit center.

Qualcomm wasn't happy with the offer, but Broadcom wasn't willing to give up so easily. In February, Broadcom bumped its offer up to $82 per share -- an offer that Qualcomm still wasn't happy with.

Though Qualcomm's board of directors rejected the $82-per-share offer, claiming that it undervalued the company, Broadcom seemed to have significant shareholder support for its offer. Indeed, Qualcomm shareholders were on track to vote out the current board of directors and vote in a slate of directors hand-picked by Broadcom to approve this deal when President Trump issued an executive order blocking the takeover bid.�

Top 10 Undervalued Stocks To Buy Right Now: Tele Celular Sul Participacoes S.A.(TSU)

Advisors' Opinion:

• [By Stephan Byrd]

  Trisura Group (TSE:TSU) insider David James Clare acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was acquired at an average price of C$25.22 per share, with a total value of C$252,200.00.

Top 10 Undervalued Stocks To Buy Right Now: Inogen, Inc(INGN)

Advisors' Opinion:

• [By Shane Hupp]

  Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

  Get Inogen alerts: Comparing Halyard Health (HYH) and Inogen (INGN) (americanbankingnews.com) ‘The stock market has sucked on nitrous oxide’ �� Wall… (beaumontenterprise.com) EPS Calculations to Consider �� Inogen Inc (NASDAQ: INGN) (stocksmarketcap.com) Inogen’s shares drop on short seller Citron’s tweet (reuters.com) Inogen Hit By Citron Report; Analyst Rebuttal Calls This ‘An Excellent Entry Point’ (msn.com)

  Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Inogen from $150.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 1st. Leerink Swann restated an “outperform” rating and set a $170.00 price target (up from $150.00) on shares of Inogen in a research report on Tuesday, May 1st. ValuEngine upgraded Inogen from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Inogen from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Tuesday, February 13th. Finally, BidaskClub upgraded Inogen from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. Inogen has an average rating of “Buy” and an average target price of $178.00.

Top 10 Undervalued Stocks To Buy Right Now: United Financial Bancorp Inc.(UBNK)

Advisors' Opinion:

• [By Max Byerly]

  New York Community Bank (NYSE: NYCB) and United Financial Bancorp (NASDAQ:UBNK) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their risk, earnings, analyst recommendations, institutional ownership, valuation, dividends and profitability.

Top 10 Undervalued Stocks To Buy Right Now: MER Telemanagement Solutions Ltd.(MTSL)

Advisors' Opinion:

• [By Stephan Byrd]

  News stories about MER Telemanagement Solutions (NASDAQ:MTSL) have trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MER Telemanagement Solutions earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.5243579518781 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Top 10 Undervalued Stocks To Buy Right Now: US Foods Holding Corp. (USFD)

Advisors' Opinion:

• [By Shane Hupp]

  Morgan Stanley upgraded shares of US Foods (NYSE:USFD) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat reports. The brokerage currently has $43.00 price objective on the stock.

• [By Lisa Levin] Companies Reporting Before The Bell Dean Foods Company (NYSE: DF) is projected to report quarterly earnings at $0.11 per share on revenue of $1.85 billion. Discovery, Inc. (NASDAQ: DISCA) is expected to report quarterly earnings at $0.44 per share on revenue of $1.99 billion. Jacobs Engineering Group Inc. (NYSE: JEC) is estimated to report quarterly earnings at $0.89 per share on revenue of $3.63 billion. Henry Schein, Inc. (NASDAQ: HSIC) is expected to report quarterly earnings at $0.92 per share on revenue of $3.17 billion. Gartner, Inc. (NYSE: IT) is projected to report quarterly earnings at $0.57 per share on revenue of $926.18 million. The AES Corporation (NYSE: AES) is estimated to report quarterly earnings at $0.24 per share on revenue of $2.98 billion. Expeditors International of Washington, Inc. (NASDAQ: EXPD) is projected to report quarterly earnings at $0.64 per share on revenue of $1.71 billion. US Foods Holding Corp. (NYSE: USFD) is expected to report quarterly earnings at $0.32 per share on revenue of $5.98 billion. DISH Network Corporation (NASDAQ: DISH) is expected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. Zebra Technologies Corporation (NASDAQ: ZBRA) is estimated to report quarterly earnings at $2.06 per share on revenue of $936.98 million. Camping World Holdings, Inc. (NYSE: CWH) is expected to report quarterly earnings at $0.42 per share on revenue of $1.06 billion. Perrigo Company plc (NYSE: PRGO) is projected to report quarterly earnings at $1.14 per share on revenue of $1.21 billion. Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) is estimated to report quarterly earnings at $0.28 per share on revenue of $23.80 billion. JD.com, Inc. (NYSE: JD) is projected to report quarterly earnings at $0.18 per share on revenue of $15.65 billion. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) is projected to report quarterly earnings at $0.6 per share o
• [By Ethan Ryder]

  Shares of US Foods Holding Corp. (NYSE:USFD) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $35.82 and last traded at $35.76, with a volume of 54880 shares trading hands. The stock had previously closed at $35.43.

• [By Lisa Levin]

  Some of the stocks that may grab investor focus today are:

  Wall Street expects Discovery, Inc. (NASDAQ: DISCA) to report quarterly earnings at $0.44 per share on revenue of $1.99 billion before the opening bell. Discovery shares rose 0.47 percent to $23.50 in pre-market trading. Analysts expect Marriott International, Inc. (NASDAQ: MAR) to post quarterly earnings at $1.22 per share on revenue of $5.72 billion after the closing bell. Marriott shares gained 0.08 percent to $136.75 in pre-market trading. Veeco Instruments Inc. (NASDAQ: VECO) reported stronger-than-expected earnings for its first quarter. Veeco Instruments shares surged 14.04 percent to $19.50 in the after-hours trading session. Before the markets open, DISH Network Corporation (NASDAQ: DISH) is projected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. DISH shares gained 1.53 percent to close at $33.90 on Monday. Analysts are expecting US Foods Holding Corp. (NYSE: USFD) to have earned $0.32 per share on revenue of $5.98 billion in the latest quarter. US Foods will release earnings before the markets open. US Foods shares rose 0.57 percent to close at $33.72 on Monday. Snap Inc (NYSE: SNAP) disclosed that its CFO Andrew Vollero will leave the company and Amazon.com's VP Of Finance Tim Sloan will assume the role. Snap shares gained 1.3 percent to $10.88 in pre-market trading.

  Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Top 10 Undervalued Stocks To Buy Right Now: Cotiviti Holdings, Inc. (COTV)

Advisors' Opinion:

• [By Max Byerly]

  Cotiviti Holdings, Inc. (NYSE:COTV) – Equities research analysts at Jefferies Group lowered their FY2018 earnings estimates for Cotiviti in a report issued on Wednesday, May 2nd. Jefferies Group analyst S. Dodge now expects that the business services provider will post earnings per share of $1.68 for the year, down from their previous estimate of $1.71. Jefferies Group also issued estimates for Cotiviti’s FY2019 earnings at $1.87 EPS.

Top 10 Undervalued Stocks To Buy Right Now: Kingtone Wirelessinfo Solution Holding Ltd(KONE)

Advisors' Opinion:

• [By Money Morning News Team]

  While a 209% gain is exciting, FunctionX's gains are in the past. After looking at the 10 top penny stocks to watch this week, we'll show you a small-cap stock with serious profit potential ahead of it…

  Penny Stock Current Share Price Law Week's Gain FunctionX Inc. (OTCMKTS: FNCX) $0.03 209% Turtle Beach Corp. (Nasdaq: HEAR) $4.48 52.73% DPW Holdings Inc. (NYSE: DPW) $1.16 51.31% Energy XXI Gulf Coast Inc. (Nasdaq: EGC) $5.62 49.33% MYnd Analytics Inc. (Nasdaq: MYND) $1.91 49.21% Kingtone Wirelessinfo Solutions Holding Ltd. (Nasdaq: KONE) $6.43 48.42% Rennova Health Inc. (OTCMKTS: RNVA) $0.02 44.30% International Tower Hill Mines Ltd. (NYSE: THM) $0.72 41.64% Blonder Tongue Labs Inc. (NYSE: BDR) $1.13 41.14% Bellicum Pharmaceuticals Inc. (Nasdaq: BLCM) $8.87 40.53%

  As the gains above suggest, penny stocks can provides tremendous returns for investors very quickly. However, it's important to note that investing in penny stocks is also inherently risky.

Top 10 Undervalued Stocks To Buy Right Now: Thor Industries Inc.(THO)

Advisors' Opinion:

• [By Logan Wallace]

  Tahoe Resources (TSE:THO) (NASDAQ:TAHO) – Equities research analysts at National Bank Financial reduced their FY2018 earnings estimates for shares of Tahoe Resources in a research report issued on Monday, April 9th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.29 per share for the year, down from their prior forecast of $0.35. National Bank Financial currently has a “Sector Perform” rating and a $8.00 price objective on the stock.

• [By ]

  Thor Industries (THO) : "They had expenses and inventory go up and it's been hurt by both. Those are negatives."

  Hain Celestial Group (HAIN) : "They had a bad quarter with bad guidance. I can't reassure you here. "

• [By ]

  LCI Industries (LCII) fell 5% on the day. Patrick Industries Inc. (PATK) dropped 4.24%. Thor Industries Inc. (THO) tanked 9.83%. Winnebago Industries Inc. (WGO) fell 8.85%. 

Top 10 Undervalued Stocks To Buy Right Now: Starbucks Corporation(SBUX)

Advisors' Opinion:

• [By The Ticker Tape]

  Additional names sold include Starbucks Corporation (NASDAQ: SBUX), Chipotle Mexican Grill (NYSE: CMG), and Frontier Communications Corp. (NASDAQ: FTR).

• [By Paul Ausick]

  Starbucks Corp. (NASDAQ: SBUX) reported fiscal second quarter 2018 results after markets closed Thursday. For the quarter, the coffee roasting and restaurant company posted adjusted diluted earnings per share (EPS) of $0.53 on revenues of $6.03 billion. In the same period a year ago, the company reported EPS of $0.45 on revenues of $5.29 billion. Fourth-quarter results compare to consensus estimates for EPS of $0.53 and $5.93 billion in revenues.

• [By Chris Lange]

  And Starbucks Corp. (NASDAQ: SBUX) is expected to release its most recent quarterly report late Thursday. The consensus forecast calls for $0.53 in EPS on $5.92 billion in revenue. Shares closed at $58.00 on Friday. The consensus target price is $63.82, and shares have changed hands between $52.58 and $64.87 in the past year.

• [By ]

  So what's the secret? It has nothing to do with options, buying or selling puts, taking out a margin account, or anything remotely complicated or risky. While we can't give away everything, what I can tell you is that it the system relies on two triggers that have been independently verified by academics to sidestep market crashes.
  Take what happened with Starbucks (NYSE: SBUX) for example...

• [By ]

  The Starbucks Corp. (SBUX) CEO, one year into his tenure, is in the midst of a full-blown public relations crisis. "Boycott Starbucks" continues to trend on Monday, April 16, four days after a Starbucks employee called the police on two black men in Philadelphia, leading to their arrest and detainment.

• [By Casey Wilson]

  This entirely new technology is being built across the globe from the ground up. Starbucks Corp. (Nasdaq: SBUX) has already installed its own version of it. Apple Inc. (Nasdaq: AAPL) is rumored to be secretly equipping its iPhones to be compatible with it. And major airports, like JFK and LAX, have started to implement it, too.

Top 10 Undervalued Stocks To Buy Right Now: Franklin Resources, Inc.(BEN)

Advisors' Opinion:

• [By Stephan Byrd]

  Press coverage about Franklin Templeton Investments (NYSE:BEN) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 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. Franklin Templeton Investments earned a coverage optimism score of 0.42 on Accern’s scale. Accern also assigned press coverage about the closed-end fund an impact score of 46.7483317362535 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

• [By Paul Ausick]

  Franklin Resources Inc. (NYSE: BEN) traded down about 2% Wednesday to post a new 52-week low of $32.41 after closing Tuesday at $33.09. The stock’s 52-week high is $47.65. Volume was about equal to the daily average of around 3.6 million shares. The company had no specific news Wednesday.

• [By WWW.GURUFOCUS.COM]

  For the details of Gallagher Fiduciary Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gallagher+Fiduciary+Advisors%2C+LLC

  These are the top 5 holdings of Gallagher Fiduciary Advisors, LLCFifth Third Bancorp (FITB) - 7,424,558 shares, 43.91% of the total portfolio. New PositionUnited States Steel Corp (X) - 3,763,643 shares, 25.82% of the total portfolio. Franklin Resources Inc (BEN) - 1,825,092 shares, 15.42% of the total portfolio. Shares reduced by 2.44%Cleveland-Cliffs Inc (CLF) - 1,780,977 shares, 2.5% of the total portfolio. Shares reduced by 1.33%Finisar Corp (FNSR) - 349,639 shares, 1.39% of t

Ameriprise Financial (AMP) Earns Daily Media Sentiment Score of 0.22

News headlines about Ameriprise Financial (NYSE:AMP) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ameriprise Financial earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.8731685740866 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern’s scoring:

Get Ameriprise Financial alerts: Family finances: Finding the right adviser for you (chicagotribune.com) Ameriprise Financial, Inc. (AMP): Technical Indicators: (stockquote.review) Why Is Ameriprise (AMP) Down 2.1% Since Its Last Earnings Report? (zacks.com) After 20 years with Ameriprise, $282M team bolts for Commonwealth (financial-planning.com) Brokerages Anticipate Ameriprise Financial (AMP) Will Announce Quarterly Sales of $3.09 Billion (americanbankingnews.com)

Ameriprise Financial traded down $2.07, hitting $142.17, during mid-day trading on Wednesday, Marketbeat reports. 982,900 shares of the stock traded hands, compared to its average volume of 1,123,944. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 11.59 and a beta of 1.86. Ameriprise Financial has a 52 week low of $118.84 and a 52 week high of $183.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Monday, April 23rd. The financial services provider reported $3.70 EPS for the quarter, beating the consensus estimate of $3.46 by $0.24. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. Ameriprise Financial had a net margin of 13.59% and a return on equity of 33.67%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS. equities analysts forecast that Ameriprise Financial will post 14.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Monday, May 7th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.53%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, May 4th. Ameriprise Financial’s payout ratio is 29.34%.

A number of analysts have recently weighed in on AMP shares. UBS assumed coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price on the stock. Deutsche Bank assumed coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a report on Thursday, March 22nd. Royal Bank of Canada set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. Finally, Sandler O’Neill set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ameriprise Financial has a consensus rating of “Hold” and an average target price of $167.22.

In related news, CEO James M. Cracchiolo acquired 7,400 shares of the stock in a transaction on Thursday, May 10th. The stock was bought at an average cost of $136.04 per share, with a total value of $1,006,696.00. Following the transaction, the chief executive officer now directly owns 242,416 shares in the company, valued at $32,978,272.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Randy Kupper sold 4,381 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at $3,448,693.27. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

Schwab Charles Investment Management Inc. Has $42.42 Million Holdings in Flowers Foods, Inc. (FLO)

Schwab Charles Investment Management Inc. boosted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 14.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,940,432 shares of the company’s stock after purchasing an additional 246,581 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Flowers Foods were worth $42,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLO. Truewealth LLC acquired a new stake in Flowers Foods during the 4th quarter worth about $119,000. Advisor Group Inc. grew its position in Flowers Foods by 77.8% during the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock worth $132,000 after purchasing an additional 2,990 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Flowers Foods by 48.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after acquiring an additional 3,266 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Flowers Foods during the 4th quarter worth about $195,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Flowers Foods during the 4th quarter worth about $203,000. 66.27% of the stock is currently owned by institutional investors.

Get Flowers Foods alerts:

Several research firms have recently issued reports on FLO. Zacks Investment Research lowered shares of Flowers Foods from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Jefferies Group reissued a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research note on Thursday, May 17th. Finally, Deutsche Bank set a $24.00 target price on shares of Flowers Foods and gave the stock a “hold” rating in a research note on Tuesday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Flowers Foods has a consensus rating of “Hold” and a consensus price target of $22.00.

In related news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the transaction, the insider now directly owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.20% of the company’s stock.

Shares of Flowers Foods stock opened at $19.49 on Wednesday. The stock has a market capitalization of $4.09 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.02 and a beta of 0.67. Flowers Foods, Inc. has a twelve month low of $16.80 and a twelve month high of $22.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.43.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, May 16th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. sell-side analysts forecast that Flowers Foods, Inc. will post 1.07 EPS for the current year.

About Flowers Foods

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLO).

Top 10 Casino Stocks For 2019

tags:GD,KELYA,KIM,NC,ETM,AWI,LDL,VVPR,TK,CNSL,

ValuEngine upgraded shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a buy rating in a report issued on Thursday.

Several other research firms have also recently issued reports on CNTY. Zacks Investment Research raised shares of Century Casinos from a sell rating to a hold rating in a research note on Tuesday, January 30th. TheStreet cut shares of Century Casinos from a b rating to a c+ rating in a research note on Friday, April 6th. Finally, BidaskClub cut shares of Century Casinos from a hold rating to a sell rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $11.00.

Top 10 Casino Stocks For 2019: S&P GSCI(GD)

Advisors' Opinion:

• [By ]

  Only 10% of the companies on the list had female CEOs at the helm, four of which -- Hewlett Packard (HP) , Lockheed Martin (LMT) , General Motors (GM) , and General Dynamics (GD) -- grew significant revenue in five years or less. 

• [By Logan Wallace]

  These are some of the headlines that may have effected Accern’s analysis:

  Get General Dynamics alerts: U.S. Air Force Awards General Dynamics Cloud Services Contract (finance.yahoo.com) General Dynamics (GD) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com) America Desperately Needs More Submarines. And That Is Good News for General Dynamics. (yahoo.com) GD completes Hawker Pacific acquisition (janes.com) General Dynamics Unit Secures Work for Aircraft Computer System Repairs, Replacement (govconwire.com)

  Shares of NYSE:GD traded up $3.17 on Tuesday, reaching $199.62. The company’s stock had a trading volume of 2,149,954 shares, compared to its average volume of 1,720,029. General Dynamics has a 52-week low of $190.30 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market capitalization of $57.94 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.89 and a beta of 0.84.

• [By ]

  Cramer and Moreno also looked at General Dynamics (GD) which peaked in early March, before starting a downtrend until Tuesday. Last week, General Dynamics fell to the lower end of its channel, but then it bounced right to the high end, and Wednesday it firmly broke out above the high end of this channel. The stochastic oscillator, which is a powerful momentum indicator is making a bullish crossover, and based on today's move, Moreno thinks General Dynamics can return to its old highs at $230.

Top 10 Casino Stocks For 2019: Kelly Services Inc.(KELYA)

Advisors' Opinion:

• [By Lisa Levin] Gainers SenesTech, Inc. (NASDAQ: SNES) shares jumped 113.5 percent to $0.6737 after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California. AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares rose 35.34 percent to close at $3.32. Art's-Way Manufacturing Co., Inc. (NASDAQ: ARTW) shares gained 30.36 percent to $3.65. Xtant Medical Holdings, Inc. (NYSE: XTNT) shares jumped 25.6 percent to $7.4701 after the company disclosed that it has received the FDA clearance for InTice™-C Porous Titanium Cervical Interbody System. VAALCO Energy, Inc. (NYSE: EGY) shares surged 20 percent to $2.495. TransGlobe Energy Corporation (NASDAQ: TGA) surged 17.04 percent to $2.61. Boxlight Corporation (NASDAQ: BOXL) gained 15 percent to $8.32 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the development of next generation interactive educational activities. Arcimoto, Inc. (NASDAQ: FUV) gained 15 percent to $3.39. MB Financial, Inc. (NASDAQ: MBFI) rose 13.7 percent to $49.64. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock. FRONTEO, Inc. (NASDAQ: FTEO) shares rose 11.8 percent to $20.956. TransEnterix, Inc. (NYSE: TRXC) shares jumped 11.1 percent to $3.38. 21Vianet Group, Inc. (NASDAQ: VNET) rose 10.6 percent to $7.41. NII Holdings, Inc. (NASDAQ: NIHD) shares gained 9 percent to $2.32. Kelly Services, Inc. (NASDAQ: KELYA) rose 7.6 percent to $24.19. Northcoast Research upgraded Kelly Services from Neutral to Buy. LaSalle Hotel Properties (NYSE: LHO) shares climbed 5.6 percent to $33.70. Blackstone Group LP (NYSE: BX) will buy LaSalle Hotel Properties in a $4.8 billion deal, Bloomberg reported. Alteryx, Inc. (NYSE: AYX) gained 5.5 percent to $32.56. KeyBanc upgraded Alteryx from Sector Weight to Overweight. Energizer Holdings, Inc. (NYSE:
• [By Lisa Levin]

  On Monday, the industrial shares surged 1.55 percent. Meanwhile, top gainers in the sector included Kelly Services, Inc. (NASDAQ: KELYA), up 9 percent, and YRC Worldwide Inc. (NASDAQ: YRCW) up 6 percent.

• [By Lisa Levin] Gainers SenesTech, Inc. (NASDAQ: SNES) shares surged 296.07 percent to close at $1.25 on Monday after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California. AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares gained 19.59 percent to close at $2.93. TransGlobe Energy Corporation (NASDAQ: TGA) rose 18.39 percent to close at $2.64 on Monday. Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) shares gained 15.91 percent to close at $2.55. VAALCO Energy, Inc. (NYSE: EGY) shares jumped 14.9 percent to close at $2.39. Resonant Inc. (NASDAQ: RESN) climbed 13.96 percent to close at $4.49. Chesapeake Energy Corporation (NYSE: CHK) shares rose 13.55 percent to close at $4.61 on Monday. Lilis Energy, Inc. (NYSE: LLEX) surged 13.09 percent to close at $5.01. MB Financial, Inc. (NASDAQ: MBFI) gained 12.9 percent to close at $49.28. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock. TransEnterix, Inc. (NYSE: TRXC) shares rose 12.83 percent to close at $3.43. World Wrestling Entertainment, Inc. (NYSE: WWE) jumped 12.52 percent to close at $57.86 on Reports that it has reached a deal with Fox for Its 'Smackdown Live' program. Eastman Kodak Company (NASDAQ: KODK) rose 12.38 percent to close at $5.90. NuCana plc (NASDAQ: NCNA) climbed 11.94 percent to close at $26.44. NuCana appointed Dr. Cyrille Leperlier to its Board as an independent non-executive Director. Aqua Metals, Inc. (NASDAQ: AQMS) rose 11.83 percent to close at $3.97 on Monday. Huami Corporation (NYSE: HMI) shares jumped 11.27 percent to close at $10.17 following Q1 results. 21Vianet Group, Inc. (NASDAQ: VNET) gained 9.55 percent to close at $7.34. Boxlight Corporation (NASDAQ: BOXL) rose 8.56 percent to close at $7.86 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the de
• [By Lisa Levin]

  Monday morning, the industrial shares rose 1.26 percent. Meanwhile, top gainers in the sector included Kelly Services, Inc. (NASDAQ: KELYA), up 10 percent, and Raven Industries, Inc. (NASDAQ: RAVN) up 6 percent.

• [By Lisa Levin]

  Monday afternoon, the industrial shares surged 1.55 percent. Meanwhile, top gainers in the sector included Kelly Services, Inc. (NASDAQ: KELYA), up 7 percent, and ADT Inc. (NYSE: ADT) up 6 percent.

• [By Lisa Levin] Companies Reporting Before The Bell Nomad Foods Limited (NYSE: NOMD) is estimated to report quarterly earnings at $0.36 per share on revenue of $656.43 million. AMC Networks Inc. (NASDAQ: AMCX) is expected to report quarterly earnings at $2.2 per share on revenue of $720.14 million. Magna International Inc. (NYSE: MGA) is projected to report quarterly earnings at $1.7 per share on revenue of $10.11 billion. Univar Inc. (NYSE: UNVR) is estimated to report quarterly earnings at $0.36 per share on revenue of $2.12 billion. Duke Energy Corporation (NYSE: DUK) is expected to report quarterly earnings at $1.14 per share on revenue of $5.78 billion. Owens & Minor, Inc. (NYSE: OMI) is projected to report quarterly earnings at $0.47 per share on revenue of $2.40 billion. Prestige Brands Holdings, Inc. (NYSE: PBH) is expected to report quarterly earnings at $0.61 per share on revenue of $255.60 million. Tribune Media Company (NYSE: TRCO) is projected to report quarterly earnings at $0.06 per share on revenue of $457.67 million. ArcBest Corporation (NASDAQ: ARCB) is estimated to report quarterly loss at $0.07 per share on revenue of $691.18 million. Genesis Healthcare, Inc. (NYSE: GEN) is projected to report quarterly loss at $0.34 per share on revenue of $1.32 billion. Enbridge Inc. (NYSE: ENB) is expected to report quarterly earnings at $0.55 per share on revenue of $10.14 billion. Kelly Services, Inc. (NASDAQ: KELYA) is estimated to report quarterly earnings at $0.42 per share on revenue of $1.34 billion. NICE Ltd. (NASDAQ: NICE) is expected to report quarterly earnings at $1.01 per share on revenue of $332.93 million. World Acceptance Corporation (NASDAQ: WRLD) is estimated to report quarterly earnings at $3.94 per share on revenue of $147.32 million. MAXIMUS, Inc. (NYSE: MMS) is expected to report quarterly earnings at $0.84 per share on revenue of $616.04 million. Choice Hotels International, Inc. (NYSE: CH

Top 10 Casino Stocks For 2019: Kimco Realty Corporation(KIM)

Advisors' Opinion:

• [By Paul Ausick]

  Kimco Realty Corp. (NYSE: KIM) fell about 0.5% Tuesday to match a 52-week low of $16.68 after closing at $16.76 on Friday. The 52-week high is $25.70. Volume of about 2.5 million was roughly equal to the daily average of around 3.9 million. The shopping center REIT had no specific news Tuesday.

• [By Paul Ausick]

  Kimco Realty Corp. (NYSE: KIM) dropped about 2% Wednesday to post a 52-week low of $16.26 after closing at $16.60 on Tuesday. The 52-week high is $25.48. Volume was around 4 million, slightly lower than the daily average. The company had no specific news.

• [By Paul Ausick]

  Kimco Realty Corp. (NYSE: KIM) fell about 2.6% to post a new 52-week low of $16.68 Friday after closing at $17.13 on Thursday. The 52-week high is $25.70. Volume of about 4 million was roughly equal to the daily average of around 3.9 million. The shopping center REIT had no specific news Friday.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Kimco Realty (KIM)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Paul Ausick]

  Kimco Realty Corp. (NYSE: KIM) fell by about 3.5% Tuesday to post a new 52-week low of $13.69 after closing at 14.19 on Monday. The 52-week high is $23.03. Volume of around 4.2 million was about 25% below the daily average. The company had no specific news Tuesday.

Top 10 Casino Stocks For 2019: New Century Bancorp Inc.(NC)

Advisors' Opinion:

• [By Stephan Byrd]

  Whirlpool (NYSE: WHR) and NACCO Industries (NYSE:NC) are both consumer discretionary companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, dividends, institutional ownership, analyst recommendations and earnings.

Top 10 Casino Stocks For 2019: Entercom Communications Corporation(ETM)

Advisors' Opinion:

• [By Daniel Sparks]

  Shares of radio broadcasting company Entercom Communications (NYSE:ETM) were slammed on Tuesday, falling as much as 24.1%. At the time of this writing, shares are down about 19%.

• [By Lisa Levin]

  Entercom Communications Corp. (NYSE: ETM) shares dropped 18 percent to $8.75 following Q1 earnings.

  Shares of Hertz Global Holdings, Inc. (NYSE: HTZ) were down 17 percent to $18.505 after the company reported a wider-than-expected loss for its first quarter.

• [By Joseph Griffin]

  Entercom Communications (NYSE:ETM) was downgraded by research analysts at Noble Financial from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

Top 10 Casino Stocks For 2019: Armstrong World Industries Inc(AWI)

Advisors' Opinion:

• [By Ethan Ryder]

  AptarGroup (NYSE: ATR) and Armstrong World Industries (NYSE:AWI) are both mid-cap industrial products companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, risk, dividends, analyst recommendations, earnings, institutional ownership and profitability.

Top 10 Casino Stocks For 2019: Lydall, Inc.(LDL)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Lydall (LDL)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Casino Stocks For 2019: VivoPower International PLC (VVPR)

Advisors' Opinion:

• [By Lisa Levin] Gainers The Trade Desk, Inc. (NASDAQ: TTD) jumped 36.2 percent to $71.82 after the company reported upbeat results for its first quarter. The company also issued strong second-quarter and FY18 sales guidance. WideOpenWest, Inc. (NYSE: WOW) jumped 30.4 percent to $8.80 after the company reported Q1 results. MoSys, Inc. (NASDAQ: MOSY) shares surged 28.6 percent to $1.9541 after the company reported better-than-expected Q1 results and issued strong Q2 forecast. Boxlight Corporation (NASDAQ: BOXL) gained 24 percent to $6.39. Akcea Therapeutics, Inc. (NASDAQ: AKCA) shares gained 19.1 percent to $24.60. Akcea Therapeutics, an affiliate of Ionis Pharmaceuticals Inc (NASDAQ: IONS) announced that the Endocrinologic and Metabolic Drugs Advisory Committee, which met to discuss the safety and efficacy of subcutaneously injected volanesoren solution for patients with familial chylomicronemia syndrome, voted 12-8 to support its approval. Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 17 percent to $10.31 after reporting Q3 results. ArcBest Corporation (NASDAQ: ARCB) gained 16.8 percent to $43.1457 after reporting upbeat quarterly earnings. Amtech Systems, Inc. (NASDAQ: ASYS) rose 16.2 percent to $8.60. Amtech posted Q2 earnings of $0.19 per share on sales of $32.783 million. Identiv, Inc (NASDAQ: INVE) surged 14.4 percent to $3.8450 following Q1 results. Omeros Corporation (NASDAQ: OMER) shares rose 14.3 percent to $18.43 following Q1 results. VivoPower International PLC (NASDAQ: VVPR) gained 11.5 percent to $2.71. Intersections Inc. (NASDAQ: INTX) gained 11.4 percent to $2.55 after reporting Q1 results. Noodles & Company (NASDAQ: NDLS) shares rose 10.9 percent to $8.65 following Q1 results. Voyager Therapeutics, Inc. (NASDAQ: VYGR) climbed 10.6 percent to $18.54 following Q1 results. Blink Charging Co. (NASDAQ: BLNK) rose 10.4 percent to $5.739. Immersion Corporation (NASDAQ: IMMR) gained 9.6 percent to $12.69
• [By Money Morning News Team]

  Just look at VivoPower International Plc. (Nasdaq: VVPR), the penny stock that topped our list of the 10 top penny stocks to watch this week.

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Check-Cap Ltd. (NASDAQ: CHEK) shares dipped 47.8 percent to $4.60. Check-Cap priced its upsized underwritten offering of public units at $5.50 per unit. VivoPower International PLC (NASDAQ: VVPR) shares fell 41.5 percent to $2.57. Universal Electronics Inc. (NASDAQ: UEIC) dropped 35.1 percent to $29.50 after the company posted downbeat quarterly results. Euro Tech Holdings Company Limited (NASDAQ: CLWT) dropped 34.8 percent to $3.75 after climbing 155.56 percent on Thursday. Integrated Media Technology Limited (NASDAQ: IMTE) fell 25.2 percent to $24.01 after surging 46.29 percent on Thursday. Fluor Corporation (NYSE: FLR) dropped 22.5 percent to $45.73 after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year. AMN Healthcare Services, Inc (NYSE: AMN) shares fell 19.6 percent to $52.075 following Q1 earnings. Adverum Biotechnologies, Inc. (NASDAQ: ADVM) shares declined 18.1 percent to $5.20. Adverum Biotech disclosed that its CEO Amber Salzman is stepping down. Newater Technology, Inc. (NASDAQ: NEWA) dropped 17.2 percent to $12.83. Basic Energy Services, Inc. (NYSE: BAS) fell 17.2 percent to $13.65 following Q1 results. Xperi Corporation (NASDAQ: XPER) declined 15.8 percent to $19.40 after announcing Q1 results. Sharing Economy International Inc. (NASDAQ: SEII) shares fell 15.1 percent to $3.649 after climbing 22.16 percent on Thursday. Performant Financial Corporation (NASDAQ: PFMT) dropped 14.2 percent to $2.65. Gogo Inc. (NASDAQ: GOGO) shares fell 13.2 percent to $8.32 after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow. Technical Communications Corporation (NASDAQ: TCCO) dropped 12.2 percent to $5.05. Web.com Group, Inc. (NASDAQ: WEB) fell 9.7 percent

Top 10 Casino Stocks For 2019: Teekay Corporation(TK)

Advisors' Opinion:

• [By Lisa Levin] Companies Reporting Before The Bell Walmart Inc. (NYSE: WMT) is estimated to report quarterly earnings at $1.13 per share on revenue of $120.51 billion. J. C. Penney Company, Inc. (NYSE: JCP) is expected to report quarterly loss at $0.2 per share on revenue of $2.63 billion. Dillard's, Inc. (NYSE: DDS) is projected to report quarterly earnings at $2.77 per share on revenue of $1.46 billion. The Children's Place, Inc. (NASDAQ: PLCE) is estimated to report quarterly earnings at $2.21 per share on revenue of $444.14 million. Manchester United plc (NYSE: MANU) is expected to report quarterly loss at $1.35 per share on revenue of $193.67 million. Teekay Corporation (NYSE: TK) is estimated to report quarterly loss at $0.08 per share on revenue of $296.76 million. KEMET Corporation (NYSE: KEM) is projected to report quarterly earnings at $0.41 per share on revenue of $306.72 million. Vascular Biogenics Ltd. (NASDAQ: VBLT) is estimated to report a quarterly loss at $0.21 per share. Teekay Offshore Partners L.P. (NYSE: TOO) is expected to report quarterly earnings at $0.04 per share on revenue of $272.04 million. Albireo Pharma, Inc. (NASDAQ: ALBO) is expected to report quarterly earnings at $1.77 per share on revenue of $31.32 million.

   

• [By Garrett Baldwin]
  Crude oil prices continue to remain in focus after Brent crude hit $80.00 per barrel. The benchmark crude touched $80.00, as markets are concerned about the impact renewed Iranian sanctions will have on global supply. French oil giant Total announced Wednesday that it was abandoning a gas project in Iran after failing to obtain a waiver from the Trump administration to do business in Iran. The sanctions are expected to decline global output at a time that OPEC is already working diligently to push oil prices higher by containing excessive global production. Four Stocks to Watch Today: JCP, BABA, F, KR Shares of JCPenney (NYSE: JCP) are ticking higher after its earnings report before the bell. Yesterday, retail companies were stunned by the 11% jump for its rival Macy's Inc. (NYSE: M) stock thanks to a strong first-quarter report. Alibaba Group Holding Ltd.�(NYSE: BABA) is generating a lot of buzz as investors monitor trade relations between the United States and China. BABA stock had slumped by 18% thanks to trade restrictions on Chinese companies. Ford Motor Co.�(NYSE: F) announced it will restart production of its popular F-150 pickup truck at its Dearborn, Mich., facility. The company recently suspended operations after a fire damaged supplies needed for manufacturing. The F-150 is the most popular consumer vehicle in the United States. In an effort to beat back the growth of Wal-Mart and Amazon, grocery giant Kroger Co.�(NYSE: KR) announced a deal to purchase a 5% stake in British online supermarket Ocado. The deal will allow Kroger to utilize the UK firm's warehouse automation technology in the United States and improve its supply chain costs. Look for additional earnings reports from Applied Materials Inc.�(Nasdaq: AMAT), Nordstrom Inc. (NYSE: JWN), The Children's Place Inc.�(Nasdaq: PLCE), Teekay Corp.�(NYSE: TK), and Quantum Corp.�(NYSE: QTM).

  Follow�Money Morning��on��Facebook,�Twitter, and�LinkedIn.

• [By Rich Smith]

  Shares of Teekay Corporation (NYSE: TK)�are down 9.2% as of 11:40 a.m EDT after the maritime oil operations holding company -- parent of Teekay LNG Partners, Teekay Tankers, and Teekay Offshore�-- reported a big loss for its fiscal first quarter 2018. At one point today, Teekay stock had fallen as much as 15.7%.

• [By Reuben Gregg Brewer]

  Although Textainer Group Holdings Limited (NYSE:TGH) and Teekay Corporation (NYSE:TK) are both focused on the shipping industry, they go about it in vastly different ways. Both companies were hit hard by industry downturns, but Textainer started to see a notable improvement in its container business in 2017. Teekay's collection of ship-owning businesses in the energy sector, on the other hand, continued to struggle overall -- but signs seem to point to an upturn this year. Which one is the better buy today?

Top 10 Casino Stocks For 2019: Consolidated Communications Holdings Inc.(CNSL)

Advisors' Opinion:

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Consolidated Communications (CNSL)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Consolidated Communications (NASDAQ: CNSL) is one of 74 public companies in the “Telephone communication, except radio” industry, but how does it contrast to its peers? We will compare Consolidated Communications to related companies based on the strength of its analyst recommendations, profitability, earnings, dividends, institutional ownership, valuation and risk.

Tepper's ��Do What's Right�� Advice Drawn From Goldman Experience

David Tepper’s advice to graduating Carnegie Mellon University students to “do what’s right” stemmed from his own experience at Goldman Sachs Group Inc.

The billionaire hedge fund manager, who gave the keynote commencement address at his alma mater Sunday, relayed a story from his early days at the bank, when he had to "refuse a powerful partner’s request."

The partner, who had started a new fund to invest in bankrupt firms, also controlled the list of companies that Goldman couldn’t invest in because of a conflict of interest or due to sensitive information, recalled Tepper, wearing a black graduation gown, blue sash and cap with gold tassel. The partner had asked Tepper to make a trade, buying a company that the partner had removed from the restricted list that very day.

"It didn’t seem right. In fact I went to our legal department and told them what was going on," said Tepper, who worked at the bank from 1985 to 1992.

After much back and forth, the legal team said the trade would be okay, but it still didn’t feel right to Tepper, he said. So he refused again to make the trade. A spokesman for Goldman Sachs declined to comment Sunday.

"I didn’t get fired but when I came up for partner I got shot down and I was incredibly upset," he said under the sun at the university’s Gesling Stadium. "But you know what, you know what, it turned out all right. Because I didn’t end up as partner at Goldman Sachs, I started my own company in 1993 called Appaloosa, and ended up doing something that was a lot more fun and made my life better in so many ways."

This week Tepper, whose mother was in the audience as Carnegie Mellon awarded him an honorary doctorate degree, agreed to purchase the National Football League’s Carolina Panthers for a record $2.3 billion in an all-cash deal. His Appaloosa Management, which runs about $17 billion, is among the hedge fund industry’s top performers. Tepper has donated more than $125 million to CMU.

"In life, do what’s right. Really. Do what’s right. It won’t hurt you, just keep your priorities straight," he told the students.

But childhood wasn’t easy for the now-60-year-old hedge fund manager, who was raised in Stanton Heights, Pittsburgh. Tepper said his father was physically abusive. It may have been a cycle he got from his father, and his grandfather before him, Tepper recalled.

“In my young life there was nothing more terrifying,” he recalled, fighting back tears. “There was no greater adversity. But I prayed to God that I would never be the same to my children. And I am proud to say, in what I view as the greatest accomplishment of my life, that I broke that cycle.”

He took a gulp of water while the audience stood in applause.