Makes Perfect Disruptive Tech Pair: Nordstrom, Inc. (NYSE:JWN), Golar LNG Partners LP (NASDAQ:GMLP)

Nordstrom, Inc. (NYSE:JWN) [Trend Analysis] retains strong position in active trade, as shares scoring 4.09% to $44.53 in a active trade session, while looking at the shares volume, around 5.7 Million shares have changed hands in this session. Nordstrom Inc (JWN) said that its decision to drop Ivanka Trump branded merchandise from its stores and online was based on the brand’s performance. “Over the past year, and particularly in the last half of 2016, sales of the brand have steadily declined to the point where it didn’t make good business sense for us to continue with the line for now,” the retailer told Reuters.

Nordstrom said it informed Ivanka Trump about its decision in early January. U.S. President Donald Trump attacked the retailer on Twitter on Wednesday for dropping his daughter’s clothing line. The firm has institutional ownership of 69.80%, while insider ownership included 7.80%. JWN attains analyst recommendation of 2.90 with week’s performance of 1.62%. Investors looking further ahead will note that the Price to next year’s EPS is 5.81%.

Shares of Golar LNG Partners LP (NASDAQ:GMLP) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -5.42% to close at $23.21. Golar LNG Partners LP (GMLP) declared that it has priced its previously reported underwritten public offering of 4,500,000 common units representing limited partner interests in the Partnership for total gross proceeds of approximately $103.5 million.

The Partnership has granted the underwriters a 30-day option to purchase up to 675,000 additional common units from the Partnership. The underwriter intends to offer our common units in transactions on the NASDAQ Global Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.

The Partnership expects to close the sale of the common units on February 13, 2017. The Partnership intends to use the net proceeds that it receives in the offering and the related capital contribution by its general partner to maintain its 2% general partner interest for general partnership purposes, which may include, among other things, repaying indebtedness and funding working capital, capital expenditures or acquisitions. Morgan Stanley is acting as the sole underwriter in connection with the offering. Moving forward to saw long-term intention, the experts calculate Return on Investment of 12.70%. The stock is going forward its fifty-two week low with 132.47% and lagging behind from its 52-week high price with -8.02%. GMLP last month stock price volatility remained 2.37%.


About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

Leave a Reply

Your email address will not be published. Required fields are marked *