Market News
Buy the Miners Not the Gold
Forbes - 23 Jan 2014 21:18
The series of earning's hits and misses has captured the focus of investors as has the continuing divergence between the Dow Industrials and the Nasdaq 100. The SPDR Dow Jones Industrials (DIA) is down 0.3%, so far this ...
Gold Post Sharp Gains, Hits 6-Week High, as Bulls Gain Technical Momentum
Forbes - 23 Jan 2014 21:45
(Kitco News) - Gold prices ended the U.S. day session sharply higher and hit a six-week high Thursday. The rally was fueled by short covering and technical buying, including pre-placed buy stop orders being triggered. T...
Amara Raja's growth stumps market, but can it get better?
livemint.com - 23 Jan 2014 14:38
Dec quarter performance of Amara Raja Batteries is a stark contrast to that of market leader Exide
Magnum Entertainment Group, Hong Kong's First Nightclub Operator To Go Public, Experiences Big IPO Pop On First Day Of Trading
IBTimes - 23 Jan 2014 07:52
Shares of Magnum Entertainment Group Holdings (HKG:2080), a Hong Kong-based nightclub and disco operator that went public at an offer price of HK$1.50 ($0.19), more than doubled to as high as $3.21 on its first day of tr...
Starbucks Shares Tick Up, As Asia Pacific Gets A Caffeine Fix
Forbes - 23 Jan 2014 23:41
Investors are giving Starbucks' first quarter earnings beat a lukewarm reception. After an initial post earnings downturn, the coffee giant's shares are trending up slightly in after-hours trading.
Microsoft Rises Above Street Expectations, Posts Revenue And Earnings Gains
Forbes - 23 Jan 2014 23:36
Microsoft beats the Street on earnings and revenue thanks in part its Surface tablet, which saw revenue more than double.
Strong Q4 Results Help U.S. Bancorp Post Record Annual Results For 2013
Forbes - 23 Jan 2014 23:20
We factored in the anticipated improvement in the interest rate environment, improving asset management fees as well as shrinking provision requirements in our analysis and consequently update our price estimate for U.S....
New Collections Can Make Aeropostale A More Attractive Takeover Option
Forbes - 23 Jan 2014 23:16
Although we don't see Aeropostale having a turnaround on account of these collections, good customer response will mean that its recovery can start sooner than expected. Therefore, potential buyers may consider paying sl...
Pfizer Earnings Preview: Cost-Cutting To Offset Patent Losses
Forbes - 23 Jan 2014 23:11
In terms of therapeutic areas, we expect cancer drugs to do well, as the pressure on cardiovascular sales continues. Geographically speaking, emerging markets will be in focus due to the expected volume growth driven by ...
Holiday Season Brings Cheer To Under Armour
Forbes - 23 Jan 2014 22:57
Holiday sales between November 1 and December 24 rose 2.3 percent, compared with 0.7 percent a year earlier, according to data published in the MasterCard Advisors' SpendingPulse report. This sales growth was the highest...
5 Investors Who Move The Market
Forbes - 23 Jan 2014 19:52
5 'Market Movers' with more control than seems fair.
PGM Market In 'Wait-And-See' Mode As South African Strikes Begin
Forbes - 23 Jan 2014 20:02
(Kitco News) -Traders are taking a “wait-and-see” approach to the platinum group metals after strikes in South Africa shut down operations at the three largest producers in the world.
Motorola Posts Solid Q4 But Disappoints With Guidance
Forbes - 23 Jan 2014 22:56
Motorola said that the anticipated Q1 decline is more of a timing issue rather than an overall decline in demand, which is why it expects sales growth in the subsequent nine months to be in the 2-4% range.
Icahn Still Ripping Apple's Board Over Buyback As Stake Climbs To $3.6B
Forbes - 23 Jan 2014 22:42
Billionaire renews buyback push, reveals swelling stock holdings.
Argentina Peso Falls Through The Floor As Central Bank Gives Up Support; Inflation, Recession Set To Engulf Economy
IBTimes - 23 Jan 2014 21:27
The value of Argentina's money fell hard Thursday in its steepest loss in more than 10 years after the central bank gave up trying to support the currency. Analysts now expect inflation to surge in the once-mighty econom...
The Prudent Speculator's 2014 Market Outlook
Forbes - 23 Jan 2014 20:55
The Prudent Speculator's 2014 Market Outlook
Stocks Slammed In Biggest One-Day Drop Since August
Forbes - 23 Jan 2014 20:30
Bad news from a China manufacturing survey and Dow components that are trading almost entirely in the red have given the markets their worst day in over four months.
Gold Boosted By Call To Ease India's Import Restrictions
Forbes - 23 Jan 2014 20:03
(Kitco News) - News reports that Indian National Congress party chief Sonia Gandhi asked the government to ease the country’s import restrictions on gold were cited as one of the factors giving the yellow metal a boost...
EBay Rejects Carl Icahn's PayPal Spin-Off, But Analysts Are Optimistic
Forbes - 23 Jan 2014 19:52
Many analysts are optimistic that there's a value proposition available in discussing a PayPal spin off.
US stocks decline on China manufacturing amid earnings reports
livemint.com - 23 Jan 2014 18:36
The Dow Jones Industrial Average lost 159.65 points to 16,213.69, a third day of declines that left the gauge at the lowest in a month
Lenovo Buying IBM Server Business For $2.3 Billion
Forbes - 23 Jan 2014 18:29
Chinese technology company Lenovo is paying $2.3 billion for IBM's low-end server business; IBM says the divestiture and funds will help it innovate other areas of its business, like cloud computing.
Argentine Peso Drops
Wall Street Journal - 23 Jan 2014 18:17
Argentina's currency plunged more than 15% on Thursday, amid growing worries about the country's foreign-exchange reserves.