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Market News

Location American Market News for 24 June 2014
Four officials at the U.S. Export-Import Bank were suspended or removed amid investigations into allegations of gifts and kickbacks, and even attempts to direct federal contracts to preferred companies, the Wall Street J...
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S&P 500 Movers: ICE, VRTX

Forbes - 24 Jun 2014 16:16
In early trading on Tuesday, shares of Vertex Pharmaceuticals (VRTX) topped the list of the day's best performing components of the S&P 500 index, trading up 40.9%.  Year to date, Vertex Pharmaceuticals registers a 26.3...
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Tuesday Sector Leaders: Healthcare, Utilities The best performing sector as of midday Tuesday is the Healthcare sector, higher by 1.0%. Within the sector, Vertex Pharmaceuticals (NASD: VRTX) and Mylan (NASD: MYL) are two large stocks leading the way, showing a gain ...
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Mphasis: Low effective free float bolsters stock

livemint.com - 24 Jun 2014 20:15
Mphasis: Low effective free float bolsters stock The company's share price appears to be far removed from fundamentals, because of a low effective free float
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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 Qualcomm (NASD: QCOM) was ...
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Market report: Domino falls on profit warning

Telegraph - 24 Jun 2014 20:11
Market report: Domino falls on profit warning Domino Printing followed peer Xaar in issuing an alert on its profits
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Market report: Domino falls on warning

Telegraph - 24 Jun 2014 20:11
Market report: Domino falls on warning Domino Printing followed peer Xaar in issuing an alert on its profits
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Sugar turns into a sop story

livemint.com - 24 Jun 2014 20:09
Sugar turns into a sop story The sugar industry will be better off being completely deregulated, rather than being held hostage to petty politicking
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Boeing (BA) declared a regular quarterly dividend of seventy three (73) cents per share. The dividend is payable Sept. 5, 2014, to shareholders of record as of Aug. 8, 2014.
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This is an acknowledgement of the fact that while the company has disrupted the traditional hiring business, job listings are not going away. It is prudent of LinkedIn to make efforts to consolidate its position in this ...
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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.
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Markets look forward to a game-changing budget

livemint.com - 24 Jun 2014 19:48
Markets look forward to a game-changing budget Despite a poor track record, markets can rally after the budget if a concrete plan towards economic reforms is announced
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The company's wireline division witnessed a marginal drop in revenues to $14.5 billion, driven by 2.7% decline in sales in the wireline business segment, partially offset by strong gains in the wireline consumer segment,...
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A Look At The Loan Portfolios Of The Largest U.S. Banks Notably, Bank of America has a larger loan portfolio than any of its competitors with an average of just under $920 billion in outstanding loans for the first quarter of 2014. The bank reported a steady decline in total ...
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The deal makes sense in light of Abbott's recent efforts to expand its generic drug business in high-growth emerging markets such as China, India, Latin America and Russia because of sustained sluggishness in developed m...
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Interest Rates To Scream Higher When Fed Stops The Music: The Federal Reserve announced that it will continue tapering its current QE program at the June 17–18 policy meeting.  Market reaction was swift. Fearing that the Fed has remained too accommodative for too long and th...
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5 Reasons A Summer Bull Market Is Coming

Forbes - 24 Jun 2014 19:26
Worried about stocks? Adopt contrarian attitude. Fundamentals, psychology and potential return provide a positive picture.
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Tuesday's ETF with Unusual Volume: EXI

Forbes - 24 Jun 2014 19:07
The iShares Global Industrials ETF (EXI) is seeing unusually high volume in afternoon trading Tuesday, with over 222,000 shares traded versus three month average volume of about 33,000.  Shares of EXI were up about 0.1%...
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Tuesday's ETF Movers: FBT, FCG

Forbes - 24 Jun 2014 19:06
In trading on Tuesday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 2.6% on the day.  Components of that ETF showing particular strength include shares of Vertex Pha...
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 1.4%.  Helping drag down the group were shares of North American Palladium (PAL), off about 7.9% and shares of Rio Alto Mini...
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In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.5%.  Leading the group were shares of William Lyon Homes (WLH), up about 6.6% and shares of Ryland Group (RYL)...
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A new revolutionary camera lens will bring some features to iPhone camera similar to traditional high end DSLR cameras.
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