Market News
As Money Leaves Russian Stocks, China, Other BRICS Benefit
IBTimes - 13 Aug 2014 07:31
(Reuters) - With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funneling cash into other BRICS states, with China a standout beneficiary...
Europe Braces For Russia Food Ban, But McDonald's, Mondelez Shrug It Off
IBTimes - 13 Aug 2014 18:31
MOSCOW -- In a shiny food store in southern Moscow on Sunday, a young clerk emptied cartons of donut-shaped peaches from Spain into a display, pieces of fruit bouncing on the floor as he made an ever-higher mound. To the...
Whole Foods Shares May Have More Carnage To Come
Forbes - 13 Aug 2014 19:44
After several years of gains, slowing growth, margin concerns, and increased competition have helped send shares of Whole Foods Marketdown 35% so far this year. I'm not surprised.
Pound Falls on BOE Interest Rate Caution
Wall Street Journal - 13 Aug 2014 23:51
The bank said low wage growth was likely to hold back any rate rise until early 2015, frustrating traders and investors who have bet heavily on an earlier rise.
Los Angeles To Vote On Killing Major Wall Street Deal As City Drowns In Financial Fees
IBTimes - 13 Aug 2014 22:31
Los Angeles lawmakers were expected to vote Wednesday on a proposal to renegotiate or terminate an interest rate swap deal from the mid-2000s that critics say now costs the city millions of dollars a year in fees. If suc...
Scottish Referendum 2014: What Would Independence Mean For UK Stock Markets?
IBTimes - 13 Aug 2014 22:31
The heated debate among Scots on whether their country should break away from the United Kingdom has centered around the economic pros and cons for an independent Scotland, but a vote to go it alone would also have a maj...
Facebook, Under Armour, US Steel Among Earnings Season Standouts
Forbes - 13 Aug 2014 21:45
The S&P 500 has slipped during Q2 earnings season, but some stocks have still been standouts.
Is industry manic depressive?
livemint.com - 13 Aug 2014 21:13
If IIP numbers are correct, Indian industry seems to suffer from bipolar disorder, characterized by violent mood swings between highs and lows
Franklin Square Capital Chats With LCD About BDCs, Record Leverage Levels
Forbes - 13 Aug 2014 21:03
S&P Capital IQ LCD recently chatted with Michael Gerber, managing director, and Zach Klehr, executive vice president, at alternative asset manager Franklin Square Capital Partners. Franklin Square manages four BDCs –...
Wednesday Sector Laggards: Services, Consumer Products
Forbes - 13 Aug 2014 20:38
Looking at the sectors faring worst as of midday Wednesday, shares of Services companies are underperforming other sectors, not showing much of a gain. Within the sector, Macy's (NYSE: M) and Tiffany & Co. (NYSE: TIF) ar...
Wednesday Sector Leaders: Healthcare, Technology & Communications
Forbes - 13 Aug 2014 20:37
In afternoon trading on Wednesday, Healthcare stocks are the best performing sector, higher by 1.0%. Within that group, Vertex Pharmaceuticals (NASD: VRTX) and Biogen Idec (NASD: BIIB) are two of the day's stand-outs, sh...
Daily Dividend Report: UNH, LYB, PRU, STI, IPG
Forbes - 13 Aug 2014 20:20
UnitedHealth Group (UNH) authorized payment of a quarterly shareholder dividend of $0.375 per share in the third quarter of 2014. The dividend will be paid on September 23, 2014, to all shareholders of record of UnitedHe...
Wednesday 8/13 Insider Buying Report: PCN, PML
Forbes - 13 Aug 2014 20:15
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 dollars to ...
China Mobile Earnings Preview: Subscriber Adds, Operating Costs And VAT In Focus
Forbes - 13 Aug 2014 19:51
In the upcoming earnings release, we expect the company's revenue growth to sustain its momentum backed by aggressive expansion in the 3G and 4G market. The carrier added about 25 million 3G and 4G users in the three mon...
Schlumberger and Halliburton Can Benefit As Mexico Overhauls Its Energy Sector
Forbes - 13 Aug 2014 19:46
While U.S. oilfield services firms such as Halliburton and Schlumberger have already been doing work in Mexico for Pemex, we believe that the reforms could enhance their activity levels in the country as large internatio...
Q2 2014 U.S. Investment Banking Round-Up: Equity Underwriting
Forbes - 13 Aug 2014 19:39
The global equity markets demonstrated a marked turnaround in Q2 2014 after a rather soft performance in the first quarter. Equity deal volumes of $282 billion for the period represented a 50% improvement quarter-on-quar...
Wednesday's ETF with Unusual Volume: PBP
Forbes - 13 Aug 2014 19:14
The PowerShares S&P 500 BuyWrite Portfolio ETF (PBP) is seeing unusually high volume in afternoon trading Wednesday, with over 953,000 shares traded versus three month average volume of about 147,000. Shares of PBP wer...
Wednesday's ETF Movers: IBB, XRT
Forbes - 13 Aug 2014 19:13
In trading on Wednesday, the iShares Nasdaq Biotechnology ETF (IBB) is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Intermune (ITMN), up about...
Colombia Struggles with Investors' Favor
Wall Street Journal - 13 Aug 2014 19:11
Investors piled into Colombian bonds and other assets after tax reforms prompted the country to get a bigger weighting in a widely used emerging-market bond index. Now the nation is struggling with a surging currency.
Wednesday Sector Laggards: Apparel Stores, Music & Electronics Stores
Forbes - 13 Aug 2014 19:11
In trading on Wednesday, apparel stores shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of Aeropostale (ARO), off about 6.8% and shares of Guess (GES) off about 3.7...
Wednesday Sector Leaders: Water Utilities, Paper & Forest Products
Forbes - 13 Aug 2014 19:07
In trading on Wednesday, water utilities shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of Cadiz (CDZI), up about 9.2% and shares of Pure Cycle Corporation (PCYO) up about 2.8%...
S&P 500 Analyst Moves: PEP
Forbes - 13 Aug 2014 18:58
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, PepsiCo (PEP) is now the #75 analyst pick, moving up by 53 spots. This rank is for...