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Market News

Location American Market News for 31 October 2013

A Jeff Koons For Under $5,000?

Forbes - 31 Oct 2013 23:18
A Jeff Koons For Under $5,000? According to Artprice, it's still possible to buy prints and other multiples by Christopher Wool, Jean-Michel Basquiat and Jeff Koons, the top-selling three U.S. contemporary artists at auction, for less than $5000.
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NQ Mobile Rallies 80% As Billionaire Steve Cohen's SAC Capital Gets Burned NQ Mobile has been on an impressive run since Muddy Waters published a scathing report that halved the company's market capitalization. Funds are trying to capitalize on it, as billionaire Steve Cohen got burnt buying th...
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Alibaba IPO in New York? Not So Fast

Wall Street Journal - 31 Oct 2013 00:33
The Hong Kong Stock Exchange is considering changing its rules on shareholding structures, a move that could reopen the door for Alibaba to list in the city after talks broke down over the issue last month.
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A Fistful Of Diamonds And Other Financial Preparations For Doomsday Think about the possibility of a cyber-attack shutting down the grid for heaven knows how long and the chaos that would ensue. When you do the math, it just makes sense to take precautions.
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Gloomy View Of Economy Doesn't Scare Investors Away From Stocks, Survey Shows The stalemate in Washington has hurt affluent investors' confidence in economy, but they remain optimistic about stock market.
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This Is Why Wall Street Hates Admitting Wrongdoing Admitting fault opens banks up to new lawsuits.
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Euro slides, dollar up on central bank views

livemint.com - 31 Oct 2013 21:50
Euro slides, dollar up on central bank views Dow Jones rises 0.16%, S&P 500 gains 0.24%, Nasdaq adds 0.28%
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Alabama County Sees Bankruptcy Exit

Wall Street Journal - 31 Oct 2013 21:29
Lawyers for Jefferson County, Ala., have a reached another settlement with creditors that could bring to an end its costly, two-year-long trip through bankruptcy.
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9 Financial Stocks With Significant Upside

Forbes - 31 Oct 2013 21:05
9 Financial Stocks With Significant Upside David Ellison, Senior Vice President and Portfolio Manager, Hennessy Funds
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(Kitco News) - Centerra Gold Inc. (TSX: CG) released improved year-on-year third-quarter financial and operational results but the focus remains on the company's latest issues with its Kumtor operation in Kyrgyzstan.
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(Kitco News) - Gold prices ended the U.S. day session solidly lower Thursday, in the aftermath of a surprising FOMC statement that the market place deemed somewhat hawkish. Sharp gains in the U.S. dollar index and some ...
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Valuation compared to history suggests that Hancock is priced cheaply. It has traded at an average price-sales ratio of 3.4 since 2008, compared to 2.9 presently. As a multiple of book value, the stock is 31% cheaper tha...
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Banco Santander Non-Cumulative Series 4 Guaranteed Preferred Securities Ex-Dividend Reminder On 11/4/13, Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (NYSE: SAN.PRA) will trade ex-dividend, for its quarterly dividend of $0.425, payable on 11/21/13. As a percentage of SAN.PRA...
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Thursday's ETF with Unusual Volume: IWO

Forbes - 31 Oct 2013 19:18
The iShares Russell 2000 Growth ETF (IWO) is seeing unusually high volume in afternoon trading Thursday, with over 1.8 million shares traded versus three month average volume of about 929,000. Shares of IWO were trading ...
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Facebook Flashes Buy Signal, CME Sets Up Nicely Before Earnings While it's not foolproof, trading stocks that are emerging from a pullback from highs pattern ahead of earnings will often put you in a favorable position.
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Pharmacyclics Slips, Looks Buyable Below $120 Aggressive biotech investors and traders should consider PCYC on dips below $120 like we are seeing on Thursday.
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Avon Shares Dive On Glut Of Ugly News

Forbes - 31 Oct 2013 18:43
Avon Shares Dive On Glut Of Ugly News The make-up company, known for its pink cars and army of saleswomen, is seeing its shares drop more than 23% today thanks to a plethora of bad news.
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Don't Cry For Exxon's 18% Drop In Profit, Royal Dutch Shell's Tanked 32% In The Third Quarter Few companies can see their stock rally in the face of an 18% drop in profit.  Energy supergiant Exxon Mobil is one of those, topping estimates and earning nearly $8 billion this quarter as crude oil production and pric...
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(Kitco News) - As of Oct. 15, speculators slashed their net-long positions in gold futures and options contracts traded on the Comex division of the New York Mercantile Exchange, according to U.S. government data releas...
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Acacia Research A Big Gamble WIth Murky Revenue Outlook Shares of this small cap are down more than forty percent this year.
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In trading on Thursday, education & training services shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of Strayer Education (STRA), off about 21.6% and shares of Educa...
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In trading on Thursday, paper & forest products shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Resolute Forest Products (RFP), up about 15% and shares of Kapstone Paper and Pa...
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