Market News
Carl Icahn Has Family Dollar Store In His Crosshairs, Demands Immediate Sale
Forbes - 20 Jun 2014 17:15
In his continued string of attempted corporate raids, Icahn is pressuring Family Dollar Store to put itself up for sale immediately
Which 9 Gurus Hold IBM?
Forbes - 20 Jun 2014 16:57
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,692 13-F filings for the 03/31/2014 reporting period, and noticed that International Business Mac...
US Lumber Prices To Rise As Increased US House Building Offsets Effect Of Decreased Chinese Construction
IBTimes - 20 Jun 2014 22:31
An increase in U.S. housing construction is expected to raise significantly the price of lumber by the end of the year, offsetting the depressing effect China's recent downturn in property investment has had on lumber de...
General Electric: Insider Buying and 3.27% Yield
Forbes - 20 Jun 2014 22:08
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
Is Stage Set For Markets To Again Be Smarter Than The Fed?
Forbes - 20 Jun 2014 22:02
The Federal Reserve’s dual mandate, established by Congress, is to maintain economic growth, while avoiding excessive inflation.
Citi Fights to Recover From Recent 'Stress Test' Failure
Wall Street Journal - 20 Jun 2014 21:42
Citigroup CEO Michael Corbat revamped the bank's approach to risk assessment and told managers there is "no margin for error" after the bank's March failing grade from the Fed.
2 Stocks That Have Fallen To Very Attractive Levels
Forbes - 20 Jun 2014 21:30
Mike McGarr: Becker Capital Management was founded in 1976. We are a long-only, value-oriented investor. We currently manage about $3.1 billion of total assets, and our Becker Value Equity Fund currently has about $315 m...
Argentina Wants to Settle With All Creditors Under Right Conditions
Wall Street Journal - 20 Jun 2014 21:28
Argentine President Cristina Kirchner said Friday her government wants to reach a settlement with a small group of creditors suing to collect on defaulted debt, but only if U.S. courts create the right conditions for tal...
Friday Sector Laggards: Technology & Communications, Services
Forbes - 20 Jun 2014 21:01
In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 0.3% loss. Within that group, Oracle (NYSE: ORCL) and EMC (NYSE: EMC) are two large stocks that are lagging, s...
Sebi sets minimum asset limit for debt MF schemes
livemint.com - 20 Jun 2014 20:25
Debt-oriented and balanced MF schemes directed to have a minimum subscription amount of `20 crore at the time of new fund offer
A New IRS Warning for Offshore Tax Cheats
Wall Street Journal - 20 Jun 2014 20:10
The U.S. is giving taxpayers with foreign accounts at 10 banks until Aug. 4 to come forward--or face much higher penalties.
International Opportunities For American Eagle Outfitters' Business - Part II
Forbes - 20 Jun 2014 19:48
In December last year, American Eagle entered a licensing agreement with Pacifica Lifestyle Co. to open stores in Thailand, where the apparel market is expected to sustain healthy growth momentum backed by rising minimum...
Micron's Earnings Preview: Improving Market Dynamics To Spur Growth
Forbes - 20 Jun 2014 19:45
Micron maintains a favorable outlook for the memory industry conditions for the rest of the year. With a large and diverse memory product portfolio across a number of end-market segments, and the second largest installed...
China Mobile's Steady Subscriber Adds Continue In May As 4G Picks Up
Forbes - 20 Jun 2014 19:39
China Mobile?s total wireless subscriber base at the end of May was 787.3 million, including about 244.4 million high speed (3G & 4G) users. The wireless major enjoys a dominant share of 62.4% in the country?s wireless m...
BP Looks To Tap China's Growing Natural Gas Demand With A $20 Billion LNG Deal
Forbes - 20 Jun 2014 19:36
Through this 20-year LNG supply contract, the London-based energy giant plans to tap into the fast-growing demand for natural gas in China. The company is expected to source LNG from the Freeport LNG project in the U.S.
Friday 6/20 Insider Buying Report: NASB, VGI
Forbes - 20 Jun 2014 19:32
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.
Times Square Tower Sells For $1.5 Billion, Highest Price Since 2010
IBTimes - 20 Jun 2014 19:31
Manhattan real estate isn't just pricey for homeowners, as evidenced by the sale of a tower at 5 Times Square that sold for $1.5 billion recently, marking the highest price for its class in about four years. Bloomberg ne...
The Fading Out Of The Fed's QE Bond Buying May Mean The End Of A 5 Year Bull Market
Forbes - 20 Jun 2014 19:29
The moment of truth for the stock market is close is hand. That's because the Fed's tapering off of bond and mortgage purposes is winding down. In three months I believe the Fed will no longer be practicing its vaunted...
Daily Dividend Report: EIX, DRI, MW, NYT, WPC, NLY, SHLM, BFS
Forbes - 20 Jun 2014 18:52
Edison International (EIX) declared a quarterly common stock dividend of $0.355 per share, payable on July 31, 2014, to shareholders of record on June 30, 2014.
Friday's ETF with Unusual Volume: USMV
Forbes - 20 Jun 2014 18:43
The iShares MSCI USA Minimum Volatility ETF (USMV) is seeing unusually high volume in afternoon trading Friday, with over 978,000 shares traded versus three month average volume of about 261,000. Shares of USMV were up...
Are You Ready For Liftoff?
Forbes - 20 Jun 2014 18:42
A recent article on the front page of the New York Times captured my imagination: “Calling Back a Zombie Ship From the Graveyard of Space.” Having launched the Sci-Fi Channel to prominence and with my science fiction...
Friday's ETF Movers: IBB, GDXJ
Forbes - 20 Jun 2014 18:42
In trading on Friday, the iShares Nasdaq Biotechnology ETF (IBB) is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Shire (SHPG), up about 16% an...