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Market News

Location American Market News for 17 May 2013

Blue-chips secure 6,700 mark

Telegraph - 17 May 2013 21:18
Blue-chips secure 6,700 mark The FTSE 100 ended the week at the highest level since October 2007.
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FTSE 100 in striking distance of 1999 peak

Telegraph - 17 May 2013 19:13
FTSE 100 in striking distance of 1999 peak The FTSE 100, which closed at 6723 points on Friday, was a whisker higher than the level it hit in 2007.
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Business news and markets: as it happened - Friday, May 17 German economist and ECB board member Joerg Asmussen warns the eurozone powerhouse risks becoming the "sick man of Europe" if it does not implement widespread reforms.
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Forbes Earnings Preview: TJX Companies

Forbes - 17 May 2013 17:30
Wall Street is high on TJX Companies (TJX), expecting it to report earnings that are up 12.7% from a year ago when it reports its first quarter earnings on Tuesday, May 21, 2013. The consensus estimate is 62 cents per sh...
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Dick's Sporting Goods (DKS) reports its first quarter earnings on Tuesday, May 21, 2013.
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Forbes Earnings Preview: AutoZone

Forbes - 17 May 2013 17:29
Wall Street is optimistic about AutoZone (AZO), which is slated to report its third quarter results on Tuesday, May 21, 2013. Analysts project a profit of $7.22 a share, a rise from $6.28 per share a year ago.
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Forbes Earnings Preview: Home Depot

Forbes - 17 May 2013 17:29
Optimism surrounds Home Depot (HD), as it gets ready to report its first quarter results on Tuesday, May 21, 2013. Analysts are expecting the company to book a profit of 78 cents a share, up from 65 cents a year ago.
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Why You May Not Want To Go Away From The Market Take the money and run or keep your allocation to stocks?
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Sell In May -- Yay Or Nay?

Forbes - 17 May 2013 15:00
Sell In May -- Yay Or Nay? According to Business Insider, based on analyses of average market performance by month over the past 50 years, stocks underperform in the six-month period from May through October when compared with the period from Nove...
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(Kitco News) - Comex gold futures are trading solidly lower Friday morning and hit a four-week low, the seventh trading day in a row of losses--marking its longest losing streak in four years. Weak long liquidation and t...
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Brazil's Best Buys For Investors

Forbes - 17 May 2013 13:35
Brazil's Best Buys For Investors The top five large cap names worth buying and holding onto in one of the most important emerging market economies around, and most transparent: Brazil. Buy list from stock forecasting firm ValuEngine.
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Rupert Murdoch warns Facebook faces same fate as MySpace Rupert Murdoch has taken to Twitter to compare Facebook with troubled peer MySpace.
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Rupert Murdoch overshadows Facebook IPO anniversary Rupert Murdoch has taken to Twitter to compare Facebook with troubled peer MySpace.
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Day Traders Steer Tesla Higher

Wall Street Journal - 17 May 2013 06:24
Swarming by daytraders around a small number of stocks such as Tesla and Netflix can supercharge moves in the shares, both up and down.
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The Facebook IPO, One Year Later

Wall Street Journal - 17 May 2013 06:09
On the eve of Facebook's IPO anniversary Saturday, how the company tackles revenue is one of the biggest challenges in its short life as a public company.
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Tepid Earnings Season Fails to Dissuade Investors

Wall Street Journal - 17 May 2013 03:27
A so-so first-quarter earnings season hasn't dented investors' enthusiasm for stocks.
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Accounting Rule Could Boost Companies' Debt

Wall Street Journal - 17 May 2013 02:52
U.S. companies might be forced to boost the amount of debt on their books under a proposed rule on accounting for leases.
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