Market News
After Martoma's Insider Trading Conviction, Will Preet Bharara Finally Go After Steve Cohen?
Forbes - 7 Feb 2014 01:30
Former SAC Capital portfolio manager Mathew Martoma was found guilty of insider trading after failing to settle with federal investigators, netting another victory for US attorney Preet Bharara, putting billionaire Steve...
Could This $16,000 Machine Save Nigeria Billions?
IBTimes - 7 Feb 2014 21:21
Sulaiman Famro left his native Nigeria in the 1970s to become an engineer. Now in his 60s, he claims his invention could save the country billions. "No doubt, Nigeria is blessed with huge human and natural resources, but...
Friday 2/7 Insider Buying Report: RXN
Forbes - 7 Feb 2014 21:11
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 cash to mak...
Don't Bail Out of Japan
Forbes - 7 Feb 2014 20:53
Thursdays' nice rebound in the stock market has likely put some bearish traders on edge going into Friday's job report. If it were not for the jobs report, one would typically expect the rebound to go a bit further and t...
Amazon Valuations Remain Beyond Lofty
Forbes - 7 Feb 2014 23:00
It's hard to see what strategic move Amazon could make that would allow for the profit growth its valuation implies.
Canadian Solar Really Cooks If Bears Cry Uncle
Forbes - 7 Feb 2014 22:49
If option bulls and shorts throw in the towel, technical outperformer CSIQ could run higher.
The Economic Outlook Is About More Than Jobs
Forbes - 7 Feb 2014 22:33
Complaints from analysts are that the divergent jobs reports are tricky to interpret, too easy to misread in one direction or the other. Okay then, let's look at this week's other economic reports, which are less tricky ...
Managing Your Way In Fixed-Income When Bonds Slump
Forbes - 7 Feb 2014 22:23
Since interest rates have been falling for 30 years, most of the current bond portfolio managers have no experience in this environment.
Gold Traders Will Watch Chinese Data Outcome, Yellen Testimony
Forbes - 7 Feb 2014 21:30
(Kitco News) - Economic data releases out of China and Federal Reserve chief Janet Yellen’s first congressional appearance since being sworn in Feb. 3 could influence gold prices next week.
Expedia Continues To Build On The Momentum It Gained In The Prior Quarter
Forbes - 7 Feb 2014 20:49
Ramped-up bidding activity on TripAdvisor's meta platform, broader roll-out of the Expedia Traveler Preference program, and rapid growth in advertising and media revenue from the newly acquired Trivago, helped Expedia to...
Pandora Turns Profitable, But Stock Falls On Slightly Weak Outlook
Forbes - 7 Feb 2014 20:47
While market valuation is certainly under doubt, Pandora's transformation into profitable business is encouraging considering the losses it experienced in the past few years.
Time Warner's Q4 Profits Fall 12% Over Higher Programming Costs
Forbes - 7 Feb 2014 20:45
While the revenues increased by 5% to $8.57 billion, the operating income declined 9% to $1.84 billion as a result of a 12% increase in programming expenses.
L'Oreal Pre-Earnings: Focus On Emerging Markets Performance, Body Shop And Galderma
Forbes - 7 Feb 2014 20:43
L'Oréal SA is scheduled to report its full fiscal 2013 earnings after the close of the Euronext Paris exchange on February 10. The company is the world’s largest cosmetics manufacturer, with a market capitalization of...
Fed Expected To Remain On Tapering Path Despite Soft Payrolls Growth
Forbes - 7 Feb 2014 20:08
(Kitco News) - Disappointing jobs growth in the U.S. during the last two months likely was not enough to dissuade the Federal Open Market Committee from tapering the bond-buying program known as quantitative easing, econ...
Germany Passes on Bond-Buy Decision
Wall Street Journal - 7 Feb 2014 19:58
Germany's constitutional court has referred the decision on the legality of the European Central Bank's bond-purchase program to the European Court of Justice, the court said.
Why You Should Be A Long-Term Saver
Forbes - 7 Feb 2014 19:55
Time is money, according to the business dictum. When it comes to retirement, it's literally true.
Feed Your Portfolio With Dividends From ConAgra
Forbes - 7 Feb 2014 19:43
Valuation makes a compelling case to buy. Since 2009, ConAgra has averaged a price-earnings multiple of 15.9. Multiplied by the $2.34 EPS forecast, that would yield a $37.20 stock price.
SEC Case Against Cohen Looms
Wall Street Journal - 7 Feb 2014 19:38
The SEC's civil case against hedge-fund billionaire Steven A. Cohen is likely to proceed following guilty verdicts against senior SAC employees Michael Steinberg and Mathew Martoma.
Time To Buy Social Networks? Twitter, LinkedIn Down But Not Out
Forbes - 7 Feb 2014 19:18
While Twitter and LinkedIn may not be running quite as fast as Facebook, the recent sell-off may be premature.
Social Media's Biggest Turn Offs
Forbes - 7 Feb 2014 19:18
A look at what will get you unfriended, unliked, and ignored on social networking sites like Twitter this year. Results are from a survey of 3,000 social networking specialists conducted by marketing firm SocialToaster i...
Friday Sector Laggards: Grocery & Drug Stores, Agriculture & Farm Products
Forbes - 7 Feb 2014 19:10
In trading on Friday, grocery & drug stores shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Fairway Group Holdings (FWM), down about 28.3% and shares of The Pantry (...
Friday Sector Leaders: Biotechnology, Drugs
Forbes - 7 Feb 2014 19:07
In trading on Friday, biotechnology shares were relative leaders, up on the day by about 3.8%. Leading the group were shares of Cytokinetics (CYTK), up about 32.9% and shares of Sunesis Pharmaceuticals (SNSS) up about 16...