Market News
China Should Set Lower 2015 GDP Growth Target Of 6.5-7%, IMF Says
IBTimes - 31 Jul 2014 08:31
BEIJING -- China should set an economic growth target of 6.5-7 percent for 2015, below its goal for 2014, and refrain from stimulus measures unless activity threatens to slow sharply from that level, the International Mo...
LinkedIn Profit Jumps 34%, Stock Soars
Forbes - 31 Jul 2014 22:24
The pop comes off of a down day for the market at large and for LinkedIn especially.
Burger King's Earnings Preview: Prices Hike & International Expansion To Drive Q2 Results [Part 2]
Forbes - 31 Jul 2014 22:22
This article discusses Burger King's international expansion plans, the pros and cons of its fully franchised business model and also, how the prices hike by the company on conventional menu items might drive overall pro...
Weekly Economic & Market Commentary with Herb Morgan
Forbes - 31 Jul 2014 20:41
For the week ended July 25, 2014 financial markets were mixed. Domestically, REITs, Small, and Mid Cap stocks sold off while Large Cap stocks were unchanged. I-Shares Cohen & Steers Realty Major Index ETF (ICF) was down ...
Thursday Sector Laggards: Industrial, Consumer Products
Forbes - 31 Jul 2014 20:38
The worst performing sector as of midday Thursday is the Industrial sector, showing a 1.6% loss. Within that group, L-3 Communications Holdings (NYSE: LLL) and Pentair (NYSE: PNR) are two large stocks that are lagging, s...
Thursday Sector Leaders: Energy, Utilities
Forbes - 31 Jul 2014 20:37
In afternoon trading on Thursday, Energy stocks are the best performing sector, losing just 0.7%. Within that group, Marathon Petroleum (NYSE: MPC) and Tesoro (NYSE: TSO) are two large stocks leading the way, showing a g...
Gold Prices Headed Down Despite Ukraine, Middle East Conflicts
IBTimes - 31 Jul 2014 20:31
Gold is always an appealing investment in times of trouble. And as the Middle East conflict intensifies and Russian-backed rebels continue their activities in Ukraine, the metal has had a great run in the past few months...
Stocks Tumble, Dow Down 220 Points, Company Earnings Disappoint
IBTimes - 31 Jul 2014 20:31
(Reuters) -- U.S. stocks slumped in a broad decline Thursday, with the Dow and S&P 500 turning negative for July on concerns over the strength of overseas economies and continuing tensions with Russia. Weak U.S. data con...
Student Loans: Students and Families Borrow Less for College, Sallie Mae Says
IBTimes - 31 Jul 2014 20:31
More than eight in 10 American families say college opportunities are so worth the price, that they're willing to stretch themselves financially in order to send their children to school, lender Sallie Mae reports in a n...
Daily Dividend Report: SU, MRO, MPC, XOM, CVX, COF, MCK, ABX, AUY, CA
Forbes - 31 Jul 2014 20:00
Suncor Energy has approved an increase in the company's quarterly dividend to $0.28 per share on its common shares, from the previous level of $0.23 per share. The dividend is payable September 25, 2014 to shareholders o...
Lower Gold Prices And Shipments Weigh On Newmont's Q2 Results
Forbes - 31 Jul 2014 19:48
Lower gold prices and shipment volumes adversely affected the company's results. The company's suspended exports from Indonesia negatively impacted its copper shipments.
Thursday 7/31 Insider Buying Report: AEGR, OCFC
Forbes - 31 Jul 2014 19:45
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...
Burger King's Earnings Preview: Increased Competition From Fast-Casual Segment To Affect Sales Growth [Part 1]
Forbes - 31 Jul 2014 19:45
The last six months have been a struggling period for all the major fast-food companies with rising competition from the fast-casual restaurants such as Chipotle Mexican Grill and Panera Bread. Moreover, Burger King has ...
Audi Looks To Battle Lexus In The U.S. As Volkswagen Closes On Toyota's Global Sales Lead
Forbes - 31 Jul 2014 19:42
Despite posting strong growth in the U.S., Audi volumes lagged those of BMW and Mercedes by over 44% in the country through June. Audi hasn't been able to catch its compatriots in the U.S. mainly due to the absence of lo...
Sirius XM Beats Estimates As Subscriber Growth Picks Up
Forbes - 31 Jul 2014 19:39
Fueled by robust growth in number of subscribers and a marginal increase in ARPU (average revenue per subscriber), the satellite radio provider's subscription revenues jumped by 7.8% and overall revenues increased by 10%...
Sprint Earnings: Subscriber Losses Continue But Network Overhaul Could Turn Things Around
Forbes - 31 Jul 2014 19:36
Management stated that most of the company's network upgrade has been completed and its 4G LTE network now covers about 254 million people in 488 cities across the country. We expect this to help the carrier reduce its h...
'Overblown' Argentine Debt Crisis Ignored By Gold Market
Forbes - 31 Jul 2014 19:10
(Kitco News) - The impact that Argentina’s latest default will have over global financial markets is being “overblown,” which is why it hasn’t created a safe-haven bid for the gold market, said some analysts.
Thursday's ETF with Unusual Volume: MTUM
Forbes - 31 Jul 2014 18:10
The iShares MSCI USA Momentum Factor ETF (MTUM) is seeing unusually high volume in afternoon trading Thursday, with over 135,000 shares traded versus three month average volume of about 28,000. Shares of MTUM were down...
Thursday's ETF Movers: BSCF, XBI
Forbes - 31 Jul 2014 18:07
In trading on Thursday, the Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF) is outperforming other ETFs, trading flat on the day. Components of that ETF showing particular strength include shares of Astrazeneca ...
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Forbes - 31 Jul 2014 18:06
In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of hhgregg (HGG), down about 15.3% and shares of Radioshack (RSH)...
Thursday Sector Leaders: Consumer Services, Publishing Stocks
Forbes - 31 Jul 2014 18:05
In trading on Thursday, consumer services shares were relative leaders, down on the day by about 0.1%. Leading the group were shares of Service Corporation (SCI), up about 4.4% and shares of Weight Watchers Internation...
Stocks Run Red As Argentina Default, Portugal Bank Blow Add To Concerns
Forbes - 31 Jul 2014 17:55
Stocks reeling Thursday as international worries overwhelm bulls.