Market News
S&P 500 Sets Another Record Closing High On Growth Bets
IBTimes - 30 May 2014 02:31
(Reuters) - The S&P 500 index climbed to its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy shrank in the first quarter and bet on improvement in the second qu...
Bull Market Continues But Cash Will Be King By Summertime
Forbes - 30 May 2014 22:56
Is it that enough positive economic reports are shining through the preponderance of dismal reports to keep the market’s spirits up? Or is it that irrational exuberance has reached the stage where the market has stoppe...
Abenomics Threatened As Consumer Spending Crashes And Inflation Jumps
IBTimes - 30 May 2014 22:31
Japan's Prime Minister Shinzo Abe election promise to rescue Japanese economy plagued by decades of deflation and weak consumer demand has hit the skids. Japan said Friday that its core consumer prices in April rose 3.2 ...
Valeant Stock Setting Up For A Surge Toward Highs
Forbes - 30 May 2014 21:22
Skepticism continues to linger. Those looking to bet on an extended uptrend for Valeant Pharmaceuticals may consider purchasing the stock's August $115 call.
Gold Market Looks To ECB Meeting, U.S. Jobs Data
Forbes - 30 May 2014 21:19
(Kitco News) - The highly anticipated meeting Thursday of the European Central Bank could set the tone for the gold market next week, with expectations that the ECB will take some action to combat persistently low infla...
Weekly Market Wrap: May 30, 2014
Forbes - 30 May 2014 21:16
The twenty second trading week of 2014 comes to a close with US markets flat to lower in the last hour.
Valeant Doubles Down With New $54 Billion Allergan Bid
Forbes - 30 May 2014 21:14
If at first you don't succeed, try, try again.
Regulations Are The Next Step For Bitcoin -- Montreal Economic Institute
Forbes - 30 May 2014 21:13
(Kitco News) - The fact that Bitcoin was able to survive the bankruptcy of MtGox, the world’s biggest Bitcoin exchange, demonstrates the virtual currency is resilient; however, more needs to be done if the sector is go...
Friday Sector Leaders: Utilities, Consumer Products
Forbes - 30 May 2014 20:56
The best performing sector as of midday Friday is the Utilities sector, higher by 0.6%. Within that group, Exelon Corp. (NYSE: EXC) and AGL Resources Inc. (NYSE: GAS) are two large stocks leading the way, showing a gain ...
Daily Dividend Report: EE, BLK, RTN, DEI, EAT, BWS, BLK
Forbes - 30 May 2014 20:29
El Paso Electric (EE) has declared a regular quarterly cash dividend on its common stock of $0.28 per share. The dividend was declared on May 29, 2014 and is payable on June 30, 2014 to shareholders of record on June 13,...
UPS And FedEx Will Likely Benefit From The Next Phase Of The U.S. Export Promotion Program
Forbes - 30 May 2014 19:48
With increased promotion and assistance available to businesses for exporting their products, U.S exports are expected to grow. Major package and freight delivery companies such as UPS and FedEx Corp are bound to benefit...
IntercontinentalExchange Group Plans Euronext IPO In Second Quarter
Forbes - 30 May 2014 19:45
When ICE initially planned the IPO, European regulators instructed ICE to keep a minimum 25% stake in the company for at least three years after the public offering, unless it can find investors who can. With the group o...
Abercrombie & Fitch's Fall Slows Down; Q1 Results Beat Estimates
Forbes - 30 May 2014 19:42
We believe that the retailer might persist with its consolidation strategy in the coming years to further boost its profitability. The improvement in Abercrombie's product portfolio helped its sales during the quarter, a...
Friday 5/30 Insider Buying Report: MTDR, DWCH
Forbes - 30 May 2014 19:38
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Tyson Foods Enters Into A Bidding War With Pilgrim's Pride Over Hillshire Brands
Forbes - 30 May 2014 19:36
Both Tyson Foods' and Pilgrim's Pride's offers make much more sense for Hillshire Brands' shareholders, as it provides them with immediate cash returns without any uncertainty
Twitter's $10 Million Man Jumps Ship
IBTimes - 30 May 2014 19:31
The Thursdsay departure of Twitter Inc.'s (NYSE:TWTR) top engineerChris Fry, famous for his $10 million salary, surprised tech followers and highlights the intense competition for appeal among users and ease of use with ...
Musk Says SpaceX Manned Craft Can Be Ready To Fly In 2016
IBTimes - 30 May 2014 19:31
Elon Musk, the CEO of private aerospace company SpaceX, said the company's soon-to-be unveiled reusable space capsule, the Dragon V2, could be ready to carry astronauts by 2016. SpaceX unveiled the new craft Thursday at ...
Friday's ETF with Unusual Volume: FXR
Forbes - 30 May 2014 19:13
The First Trust Industrials/Producer Durables AlphaDEX Fund ETF (FXR) is seeing unusually high volume in afternoon trading Friday, with over 568,000 shares traded versus three month average volume of about 190,000. Sha...
Friday's ETF Movers: THRK, XME
Forbes - 30 May 2014 19:12
In trading on Friday, the SPDR Russell 3000 ETF (THRK) is outperforming other ETFs, up about 0.6% on the day. Components of that ETF showing particular strength include shares of NPS Pharmaceuticals (NPSP), up about 16...
Friday Sector Laggards: Information Technology Services, Non-Precious Metals & Non-Metallic Mining Stocks
Forbes - 30 May 2014 19:11
In trading on Friday, information technology services shares were relative laggards, down on the day by about 2%. Helping drag down the group were shares of Splunk (SPLK), down about 16.6% and shares of Rally Software ...
Friday Sector Leaders: Music & Electronics Stores, Gas Utilities
Forbes - 30 May 2014 19:09
In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of Radioshack (RSH), up about 11% and shares of Best Buy (BBY) up about 0.7% on ...
Like Facebook Under $41?
Forbes - 30 May 2014 18:06
Facebook stock has had a tumultuous ride since its IPO in May 2012. But, as of today investors in the IPO have seen a 65% return on their investment, and those who were lucky enough to wait and snatch up Facebook stock n...