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Market News

Location American Market News for 16 August 2013
Not A Stupid Data Miner: The Mystery Of Markets and Golf In the last post, Stupid Data Miner Tricks: Predicting The Market With Pro Golfers. I implicitly lumped the idea and its author, Kevin Armstrong, a distinguished investment pro, the former chairman of ANZ Group's Regiona...
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(Kitco News) - A strong rally in gold, particularly toward the end of the week, could have enough momentum to keep going next week and could set the stage for an eventual target of the $1,400-an-ounce area.
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Investor group files PIL against NSEL

livemint.com - 16 Aug 2013 19:54
Investor group files PIL against NSEL The PIL seeks a government takeover of the exchange promoted by Jignesh Shah-run Financial Technologies
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Treasury yields at 2-year high; stocks head for weekly loss World equity markets set for worst week since late June; dollar supported by rise in US treasuries yields
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Real Estate Investment With Less Risk

Forbes - 16 Aug 2013 18:35
Real Estate Investment With Less Risk Most Americans do not associate real estate investment with retirement. Other than downsizing to a smaller home or, possibly, using a reverse mortgage, few consider it.
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Powerful Pivots Identify ETF Highs

Forbes - 16 Aug 2013 17:02
Powerful Pivots Identify ETF Highs The earnings from Cisco Systems (CSCO) and Wal-Mart (WMT) combined with higher rates spurred by better unemployment numbers caused the heaviest stock market selling in quite some time. All the major sectors closed lower ...
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After Leaving J.C. Penney Board, Ackman Paves Path To Sell Stake Retailer files agreement that allows hedge fund four requests to register stock sales.
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Mint50: What's in and out?

livemint.com - 16 Aug 2013 16:05
Mint50: What's in and out? Two funds from Canara Robeco were replaced by DWS Short Maturity Fund and IDFC Monthly Income Plan
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Mint50: Two schemes come in and two go out

livemint.com - 16 Aug 2013 16:03
Mint50: Two schemes come in and two go out Change in top management and slump in performance are reasons behind the two schemes' exit
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Expectations have dropped for J.C. Penney's second quarter results in the month leading up to the company's earnings announcement slated for Tuesday, August 20, 2013. The consensus analyst estimate has dropped from a los...
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Analog Devices Profit Expected to Slip

Forbes - 16 Aug 2013 15:58
Analysts foresee Analog Devices announcing decreased profits on Tuesday, August 20, 2013, when it reports its third quarter earnings. Despite this, they are generally optimistic about the stock.
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Medtronic reports its first quarter earnings on Tuesday, August 20, 2013, and the consensus earnings per share estimate is 88 cents per share.
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Loss Expected to Widen for Barnes & Noble

Forbes - 16 Aug 2013 15:58
Barnes & Noble is expected to book a wider loss than a year ago when it reports first quarter earnings on Tuesday, August 20, 2013 with analysts expecting a loss of 90 cents per share, down from a loss of 78 cents per sh...
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Leading up to Intuit's announcement of its fourth quarter earnings on Tuesday, August 20, 2013 analysts have become more wary as expectations have fallen over the past month to a loss of eight cents per share from a loss...
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MSCI removes Axis Bank, adds Mahindra and Mahindra Financial Services MSCI adds Mahindra and Mahindra Financial Services to its India index, effective from close of 30 August
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What Carl Icahn Will Find To Love In Dell's Dismal Q2 Numbers Icahn has long argued that Dell's enterprise business is key, though it makes up only a fraction of Dell's profits.
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Fed Taper Fears Petrifies Forex Traders

Forbes - 16 Aug 2013 15:04
Fed Taper Fears Petrifies Forex Traders The object is to remain in one piece so as to fight another day. This week's turbulent market price action is not for the faint of heart. Whiplash volatility has been the order of the day as we complete the final trade s...
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Gold price hits 2-year high, regains Rs31,000 level

livemint.com - 16 Aug 2013 13:44
Gold price hits 2-year high, regains Rs31,000 level Gold of 99.9 and 99.5% purity surge by Rs1310 each to Rs31,010 and Rs 30,810 per ten grams respectively
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Gold trades near 2-month high as investors weigh demand, Fed Silver headed for the best week since 2011 after entering a bull market
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FTIL gains after falling 18% in morning trade

livemint.com - 16 Aug 2013 12:10
FTIL gains after falling 18% in morning trade FTIL shares dropped 18.14% in the morning to `120 before gaining 21.42% to touch an intra-day high of `178
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Green shoots seen extending Infosys, TCS rally

livemint.com - 16 Aug 2013 06:32
Green shoots seen extending Infosys, TCS rally Prospects for better growth in the US and Europe are prompting analysts to raise ratings for software stocks
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Sensex tumbles 500 points on fears Fed may withdraw stimulus The consumer durable index was the worst hit and fell nearly 8%, while rate-sensitive stock indices followed next
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