Two Buy List Updates

There are two Buy List items to mention today.

Moody’s (MCO) has agreed to pay $864 million to settle with the government over its ratings leading up to the financial crisis. The agreement calls for Moody’s to pay $437.5 million to DOJ and $426.3 million to the states.

This is a big relief for the stock. The shares have been up as much as 3.9% today.

Alliance Data Systems (ADS) said it maintains its 2016 FY forecast of $16.90 per share in core earnings on revenue of $7.2 billion. That translates to Q4 guidance of $1.9 billion in revenue and core EPS of $4.64. The stock is currently down more than 3% today.

Posted by on January 17th, 2017 at 2:16 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.