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Analyst: FTC Could Hit Facebook With $1-2 Billion Fine, The Largest In Agency History
Tuesday, March 27, 2018 - 3:33pm | 419The U.S. Federal Trade Commission confirmed that it is investigating Facebook, Inc. (NASDAQ: FB) for potential misuse of customer data, and investors are understandably concerned about the potential for actions such as increased regulation and stiff penalties for the social media platform. The...
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Analysis: The Facebook Data Controversy, And Why Wall Street Could Take It Harder Than Washington
Tuesday, March 20, 2018 - 12:06pm | 501After another 5 percent sell-off on Tuesday, Facebook Inc (NASDAQ: FB) stock is now down more than 13 percent in two days following reports that data from more than 50 million users was improperly shared during the 2016 campaign season. Facebook investors are concerned the company’s data-...
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3 Items On The Congressional Agenda In March That Investors Should Watch
Monday, February 26, 2018 - 3:36pm | 563Congress could potentially debate three bills in March that could impact financial markets. The fate of each bill could move stock prices, Height Securities analyst Stefanie Miller said in a Monday note. Banking Deregulation The first piece of legislation up for debate is the banking...
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Height Sees Little Risk To Wynn Licenses
Thursday, February 22, 2018 - 3:11pm | 378Wynn Resorts, Limited (NASDAQ: WYNN) shareholders have had a rough go of it in recent weeks after CEO Steve Wynn was forced to resign in the wake of sexual misconduct allegations. But while Wynn shareholders are still reeling from the leadership change, Height Securities analyst Stefanie Miller...
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Immigration Appears Stalled In Congress: What Now?
Wednesday, February 21, 2018 - 11:02am | 332It appears as if Congress is abandoning immigration reform for now after none of the proposals voted on last week gained the required 60 votes to move on. Congress is likely moving on to other issues unless they feel pressed to return to immigration reform by outside forces, Height Securities...
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Height: Congressional Budget Deal A Boon For Private Prisons
Friday, February 16, 2018 - 1:20pm | 384A little over two years ago, the very existence of Corecivic Inc (NYSE: CXW) and The GEO Group Inc (NYSE: GEO) appeared at risk. Now, under the friendlier Trump administration, the private prison operators are forecasted not only to survive but to thrive, according to Height Securities. ...
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Analyst: ICE Arrests Should Continue Through Trump Presidency, Boost Private Prisons
Tuesday, February 13, 2018 - 5:43pm | 443Border security policies prompted a 42-percent annual increase in Immigration and Customs Enforcement arrests over the first nine months of 2017, and Height Securities expects no slowdown. “The Trump administration's tough-on-immigration policies are unlikely to fade anytime soon, meaning...
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Key Takeaways From President Trump's First State Of The Union Address
Wednesday, January 31, 2018 - 2:00pm | 752There were few surprises in President Donald Trump’s first State of the Union Address on Tuesday night, but investors did get some glimpses of what they can expect from the administration in 2018. Following the speech, several analysts, economists and financial experts weighed in on the...
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3 Reasons Philip Morris Could Still Receive FDA Approval For Its 'Safer' Cigarette
Saturday, January 27, 2018 - 6:22pm | 311Philip Morris International Inc. (NYSE: PM) hopes to market the IQOS cigarette as a less harmful alternative to cigarettes, but it The Analyst Height Securities' Stefanie Miller. The Thesis The Tobacco Products Scientific Advisory Committee rejected the claim that IQOS device can reduce the...
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What To Make Of The FDA Vote That Rocked Philip Morris
Thursday, January 25, 2018 - 4:26pm | 442What Happened Philip Morris International Inc. (NYSE: PM) plummeted 6 percent intraday Thursday after the U.S. Food and Drug Administration’s Tobacco Products Scientific Advisory Committee rejected one of two claims surrounding its modified risk tobacco product. Why It's Important...
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Tobacco's Big Week
Wednesday, January 24, 2018 - 3:09pm | 448The U.S. Food and Drug Administration is holding its Center for Tobacco Products meeting this week, and it could be a very important week for tobacco investors. Height Securities analyst Stefanie Miller said Wednesday this week could mark the first steps in a decade-long transition in the tobacco...
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10 States Most Affected By The Government Shutdown
Monday, January 22, 2018 - 12:17pm | 310The United States is officially three days into the government shutdown. The shutdown marks the 19th time the government has been closed for business since 1976. Height Securities analyst Stefanie Miller last week placed better than even odds (at 55 percent) that Monday's government-funding...
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Senate Tweaks GOP Tax Bill Before Final Passage
Wednesday, December 20, 2017 - 3:38pm | 432The final version of Republicans’ tax plan was sent from the House to President Donald Trump Wednesday. Although the major provisions of the bill have been reported all week long, the legislation got three minor last-minute tweaks in the Senate, necessitating one final House vote. The bill...
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NAFTA: Trump's Next Target After Tax Reform?
Tuesday, December 19, 2017 - 4:30pm | 548Republicans are on the brink of a historic corporate tax cut deal this week, but optimistic investors will soon be wondering what’s next on the agenda for President Donald Trump's administration. The White House may now turn its attention to a familiar target, according to Height...
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A Cheat Sheet For 2017 Tax Reform
Monday, December 18, 2017 - 1:13pm | 503After more than a year of speculation and negotiations, the Republican tax cut bill is taking its final form. Assuming Republicans can get the votes to pass the bill, it seems as if investors are now anticipating a major corporate tax cut that could provide a significant boost to U.S. companies...