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Market News

Location American Market News for 23 May 2013

Grab FPO Even Cheaper Than Its Secondary?

Forbes - 23 May 2013 16:08
Grab FPO Even Cheaper Than Its Secondary? Looking back to 2 days ago, First Potomac Realty Trust (NYSE: FPO) priced a 6,500,000 share secondary stock offering at $14.70 per share. Buyers in that offering made a considerable investment into the company, expecting...
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Sears Seeks Options To Stay Alfoat After Dreary Q1 Loss Sears Holdings, the struggling retail chain controlled by a reclusive hedge fund manager, continued to see fewer customers enter its stores and unable to distance itself from speculation that is slowly approach an eventu...
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Veteran fears 'beginning of the end' for Japan as bond market buckles Global markets face a witches' brew of new risks as Japan's monetary adventure wobbles and China slows.
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Snatch This Cheap 12.2% Yielder Even Lower Than Director Stark Did There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 8, Prospect Capital Corporation's Director, Eugene S. Stark, invested $5...
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Top Buys by Directors: Kurland's $995.3K Bet on PMT The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to tak...
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Daily Wrap: May 23, 2013

Forbes - 23 May 2013 20:55
The markets recovered some of their losses in the afternoon, despite continued uncertainty over the Federal Reserve's decision on when to pull back on monetary stimulus.
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FTSE 100 suffers heaviest drop for a year

Telegraph - 23 May 2013 20:33
FTSE 100 suffers heaviest drop for a year The blue-chip index tumbled as markets around the world plunged.
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See How Argo Group International Holdings Ranks Among Analysts' Top Picks With Strong Buyback Activity A study of analyst recommendations at the major brokerages shows that Argo Group International Holdings Ltd (NASD: AGII) is the #30 broker analyst pick among those stocks screened by The Online Investor for strong stock ...
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Canadian Oil Sands Strong Dividend History Helps Get It To The Top 25 Canadian Oil Sands Ltd. (Toronto: COS) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, COS shares disp...
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CommonWealth REIT's Series E Cumulative Redeemable Preferred Shares Cross 7% Yield Mark In trading on Thursday, shares of CommonWealth REIT's 7 1/4% Series E Cumulative Redeemable Preferred Shares (NYSE: CWH.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with s...
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Simon Property Group Series J Cumulative Redeemable Preferred Shares Cross 6% Yield Mark In trading on Thursday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPG.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.1875)...
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Commit To Purchase Caesars Entertainment Corp At $2.50, Earn 24% Investors considering a purchase of Caesars Entertainment Corp (NASD: CZR) shares, but tentative about paying the going market price of $14.64/share, might benefit from considering selling puts among the alternative stra...
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Commit To Buy InterMune At $5, Earn 44.6%

Forbes - 23 May 2013 20:15
Commit To Buy InterMune At $5, Earn 44.6% Investors considering a purchase of InterMune Inc. (NASD: ITMN) shares, but tentative about paying the going market price of $9.99/share, might benefit from considering selling puts among the alternative strategies at th...
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ARM shares slip on Intel concerns

Telegraph - 23 May 2013 20:13
ARM shares slip on Intel concerns ARM shares fell for a third consecutive day in a stormy session for the FTSE 100
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(Kitco News) - Comex gold futures prices ended the U.S. day session sharply higher Thursday. The "risk-off" trader attitudes in world the market place Thursday prompted good safe-haven demand--something the yellow metal ...
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Agree To Purchase Freeport-McMoRan Copper & Gold At $20, Earn 8.3% Investors eyeing a purchase of Freeport-McMoRan Copper & Gold (NYSE: FCX) stock, but tentative about paying the going market price of $30.75/share, might benefit from considering selling puts among the alternative strate...
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Agree To Buy Goodyear Tire & Rubber At $10, Earn 8.5% Investors eyeing a purchase of Goodyear Tire & Rubber Co. (NASD: GT) shares, but tentative about paying the going market price of $14.49/share, might benefit from considering selling puts among the alternative strategies...
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Commit Purchase F5 Networks At $55, Earn 9%

Forbes - 23 May 2013 20:06
Commit Purchase F5 Networks At $55, Earn 9% Investors eyeing a purchase of F5 Networks, Inc. (NASD: FFIV) stock, but cautious about paying the going market price of $81.40/share, might benefit from considering selling puts among the alternative strategies at their...
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Agree To Buy LSI Corp At $5, Earn 10%

Forbes - 23 May 2013 20:05
Agree To Buy LSI Corp At $5, Earn 10% Investors eyeing a purchase of LSI Corp (NASD: LSI) stock, but cautious about paying the going market price of $7.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. ...
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Agree To Buy Regeneron Pharmaceuticals At $165, Earn 9.8% Investors eyeing a purchase of Regeneron Pharmaceuticals, Inc. (NASD: REGN) shares, but tentative about paying the going market price of $256.05/share, might benefit from considering selling puts among the alternative st...
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Mercedes duo master Monaco practice

CNN - 23 May 2013 19:38
Mercedes are ready for a "true test" in the Monaco Grand Prix after Nico Rosberg set the fastest practice time, closely followed by teammate lewis Hamilton.
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Business news and markets: as it happened - Thursday, May 23 US markets fall as better-than-expected jobs numbers raise prospect of QE being pulled as Fed banker moves to reassure investors that central bank is "not that close" to winding down stimulus.
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