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ERIE

Erie Indemnity

$117.23

1.44 (1.24%)

16:52
01/17/18
01/17
16:52
01/17/18
16:52

Erie Indemnity sees $20M in tax expense as a result of new tax law

Erie Indemnity expects to record a one-time noncash tax expense of approximately $20M as a result of the enactment of the Tax Cuts and Jobs Act on December 22. The expense is the result of re-measuring the net deferred tax assets at the newly enacted corporate income tax rate of 21%versus the 35% rate at which the net deferred tax benefits were originally recorded. This will be partially offset by the recognition of a current tax benefit of approximately $11M related to the acceleration of pension contributions. The net impact to fourth quarter 2017 earnings is an additional tax expense of approximately $9M or 17c per share. Beginning in 2018, the company expects its effective corporate income tax rate to decline to approximately 21% from approximately 34% as a result of the enactment of the TCJA.

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General news
U.S. housing starts preview: »

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ARGX

Argenx

$91.35

-1.03 (-1.12%)

08:25
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Argenx to hold a KOL breakfast symposium »

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TPH

TRI Pointe

$16.76

-0.205 (-1.21%)

08:24
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TOL

Toll Brothers

$37.78

-0.93 (-2.40%)

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OC

Owens Corning

$65.63

-0.36 (-0.55%)

08:23
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NWHM

New Home Company

$10.00

-0.21 (-2.06%)

08:23
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06/19
08:23
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08:23
Initiation
New Home Company initiated  »

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JELD

Jeld-Wen

$28.94

-0.11 (-0.38%)

08:22
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08:22
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GRBK

Green Brick

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Green Brick initiated  »

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  • 22

    Jun

DPZ

Domino's Pizza

08:21
06/19/18
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08:21
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Domino's Pizza analyst commentary  »

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DHI

D.R. Horton

$41.93

-0.91 (-2.12%)

08:21
06/19/18
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08:21
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08:21
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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
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Technical Analysis
DJ Transportation Average: Pivot points »

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WLH

William Lyon Homes

$24.10

-0.495 (-2.01%)

08:20
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08:20
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08:20
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William Lyon Homes initiated  »

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$DJU

DJ Utility Average

$0.00

(0.00%)

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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$199.72

-0.27 (-0.14%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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08:20
06/19/18
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General news
U.S. equities were swept lower with global stocks »

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XLK

Technology Select Sector SPDR

$71.78

0.04 (0.06%)

08:19
06/19/18
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08:19
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08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$74.94

0.83 (1.12%)

08:19
06/19/18
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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MOH

Molina Healthcare

$96.55

1.075 (1.13%)

08:19
06/19/18
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08:19
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Recommendations
Molina Healthcare analyst commentary  »

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XLY

Consumer Discretionary Sector SPDR

$111.91

-0.2 (-0.18%)

08:19
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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AAPL

Apple

$188.76

-0.11 (-0.06%)

08:19
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Technical Analysis
Technical Take: Apple testing low of recent range in pre-market trading »

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XLB

S&P Select Materials SPDR

$59.60

-0.15 (-0.25%)

08:19
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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$49.69

0.17 (0.34%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$50.78

-0.755 (-1.47%)

08:18
06/19/18
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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$84.63

-0.85 (-0.99%)

08:18
06/19/18
06/19
08:18
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08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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