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Market News

Location American Market News for 1 July 2013

Slice of ABN Thrives in Netherlands

Wall Street Journal - 1 Jul 2013 03:32
The ghosts of ABN Amro are still haunting Europe's banking industry. But in the Netherlands, a remnant of the Dutch lender is enjoying a surprising resurrection under the aegis of the Dutch government.
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Brent drops below $102 on weak Chinese factory data

livemint.com - 1 Jul 2013 07:11
Brent drops below $102 on weak Chinese factory data China PMI slows in June, confirms Q2 economic growth slowdown
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Daily Wrap: July 1, 2013

Forbes - 1 Jul 2013 21:51
Stocks rallied today on strength in manufacturing and mixed data on the construction sector in the US. Heading into the last half hour of the session, the Dow & S&P 500 were up about half a percent and the Nasdaq was up ...
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Monday's ETF with Unusual Volume: IDU

Forbes - 1 Jul 2013 21:08
The iShares Dow Jones U.S. Utilities Sector Index Fund ETF (IDU) is seeing unusually high volume in afternoon trading Monday, with over 5.1 million shares traded versus three month average volume of about 120,000. Shares...
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Monday 7/1 Insider Buying Report: KED, KND

Forbes - 1 Jul 2013 21:06
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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(Kitco News) - Comex gold prices ended the U.S. day session sharply higher Monday, on a strong short-covering bounce and some bargain hunting after hitting a nearly three-year low on Friday. Major rioting in Egypt also p...
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Monitise excites with mobile deal

Telegraph - 1 Jul 2013 19:57
Monitise excites with mobile deal The Aim-listed group unveiled a partnership with Spain's Telefonica.
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Global shares, oil gain on US, European manufacturing data World equity markets start third quarter on positive note; signs of stabilization in European manufacturing lift euro
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Manufacturing PMI signals very weak June quarter

livemint.com - 1 Jul 2013 19:10
Manufacturing PMI signals very weak June quarter Manufacturing PMI for the June quarter has averaged 50.3 compared with an average of 53.1 in the March quarter
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Apple: 'Horrible' Sentiment Caps Downside, Analyst Says Raymond James says valuation should overcome choppy results until new products this fall.
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The Dow's 10 Most Oversold Stocks

Forbes - 1 Jul 2013 17:57
The Dow's 10 Most Oversold Stocks he selling in the last few minutes of the quarter erased some of last week's gains but those late losses have been erased by the early strength in the stock index futures. This week's trading is likely to be quite volati...
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Miss NPSP's $14.53 Offering But Think It's A Steal At $5? Looking back to 41 days ago, NPS Pharmaceuticals Inc. (NASD: NPSP) priced a 6,000,000 share secondary stock offering at $14.53 per share. Buyers in that offering made a considerable investment into the company, expecting...
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Miss ETP's $48.05 Secondary But Think It's A Deal At $40? Looking back to 87 days ago, Energy Transfer Partners LP (NYSE: ETP) priced a 12,000,000 share secondary stock offering at $48.05 per share. Buyers in that offering made a considerable investment into the company, expect...
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Business news and markets: as it happened - July 1, 2013 European and IMF debt inspectors return to Athens today to complete an audit suddenly suspended last month.
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Strategy To YieldBoost Polaris Industries From 1.8% To 5.6% Shareholders of Polaris Industries Inc. (NYSE: PII) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the January 2015 covered call at the $120 strike and collect the premium based ...
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YieldBoost SNHY To 11.2%

Forbes - 1 Jul 2013 17:41
YieldBoost SNHY To 11.2% Shareholders of Sun Hydraulics Corp. (NASD: SNHY) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the December covered call at the $35 strike and collect the premium based on the ...
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How To YieldBoost Tredegar To 10.8%

Forbes - 1 Jul 2013 17:40
How To YieldBoost Tredegar To 10.8% Shareholders of Tredegar Corp. (NYSE: TG) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the December covered call at the $30 strike and collect the premium based on the $1.20 bi...
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Even high risk takers should have PPF as part of portfolio It's a great tax-friendly product.
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Should you sell when FIIs are selling?

livemint.com - 1 Jul 2013 16:18
Should you sell when FIIs are selling? If your underlying assumption of buying the stock remains the same, stick with it
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DYK: Capital gains taxes you need to know

livemint.com - 1 Jul 2013 16:17
DYK: Capital gains taxes you need to know Capital gains tax is what you pay if you make a profit on any investment.
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Kohlberg (No, Not KKR) Will Buy Piano Giant Steinway Musical In $438M Deal Private equity firm Kohlberg & Company is set to buy musical instrument company Steinway Musical and take it private in a deal worth $438 million.
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Fourth Of July Rally? Maybe, Maybe Not

Forbes - 1 Jul 2013 16:00
Fourth Of July Rally? Maybe, Maybe Not There is a widespread belief that stocks are positive in the days surrounding Independence Day.
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