Market News
Coca-Cola Pays $2.2 Billion For Major Stake In Monster Beverage
IBTimes - 15 Aug 2014 06:31
(Reuters) - Coca-Cola Co (KO.N) said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp (MNST.O) as the world's largest soda maker seeks to expand into faster-growing ...
Why Your Cash Isn't Trash
Wall Street Journal - 15 Aug 2014 22:53
Weekend Investor: Your cash might be earning more than you think--even as it loses value to inflation.
New 52-Week Low Could Prompt More Insider Buying At Angie's List
Forbes - 15 Aug 2014 22:12
In trading on Friday, shares of Angie's List Inc. (NASD: ANGI) touched a new 52-week low of $7.77/share. That's a $17.41 share price drop, or -69.14% decline from the 52-week high of $25.18 set back on 09/24/2013. Large ...
Wayfair Reveals The Inevitable: It's Going Public
Forbes - 15 Aug 2014 21:43
What will the valuation be? Past founding rounds put a $2 billion figure on the company (for 2.2 times sales).
Weekly Market Wrap: August 15, 2014
Forbes - 15 Aug 2014 21:12
The thirty third trading week of 2014 comes to a close after a volatile day of trading in the US. In the last hour of trading, the S&P 500 and Dow are lower while the NASDAQ is slightly higher.
Bonds Persist In Their Warning About The U.S. Economy
Forbes - 15 Aug 2014 21:09
Bonds do not like economic strength, but love economic weakness.
Friday Sector Laggards: Financial, Industrial
Forbes - 15 Aug 2014 20:39
The worst performing sector as of midday Friday is the Financial sector, showing a 0.7% loss. Within that group, Charles Schwab (NYSE: SCHW) and Lincoln National (NYSE: LNC) are two of the day's laggards, showing a loss ...
Friday Sector Leaders: Energy, Consumer Products
Forbes - 15 Aug 2014 20:38
Looking at the sectors faring best as of midday Friday, shares of Energy companies are outperforming other sectors, up 0.6%. Within that group, Kinder Morgan (NYSE: KMI) and EOG Resources (NYSE: EOG) are two large stocks...
Banks Seek Piece of Mobile Banking in Africa
Wall Street Journal - 15 Aug 2014 20:28
In a continent where 70% of people have mobile phones and fewer than 25% have a bank account, telecom firms dominate the fast-growing mobile-payments business. Now a bank in Kenya is fighting to retake this turf.
Banco Santander Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities Ex-Dividend Reminder
Forbes - 15 Aug 2014 19:44
On 8/19/14, Banco Santander SA's Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (NYSE: SAN.PRB) will trade ex-dividend, for its quarterly dividend of $0.26, payable on 9/5/14. As a percentage of SA...
Friday 8/15 Insider Buying Report: PACB, CUZ
Forbes - 15 Aug 2014 19:43
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.
Medtronic Earnings Preview: New Products And Emerging Markets In Focus
Forbes - 15 Aug 2014 19:42
Most of the company's major businesses are likely to sustain their growth momentum as new products have found good acceptance. We also expect gross margins to remain stable near 75% as Medtronic's cost saving efforts off...
Deere's Earnings Suffer On Weak Farm Equipment Demand
Forbes - 15 Aug 2014 19:39
Deere's results suffered due to weak conditions in the global farm equipment sector, which negatively impacted revenue of its Agriculture & Turf business. However, this was partially offset by gains at its Construction &...
Daily Dividend Report: RCI, FDX, TEL, LO, EL, PH, MOS, TEG, FLO
Forbes - 15 Aug 2014 19:10
Rogers Communications declared a quarterly dividend totalling 45.75 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The quarterly dividend declared will be paid on October ...
Friday's ETF with Unusual Volume: IWX
Forbes - 15 Aug 2014 19:03
The iShares Russell Top 200 Value ETF (IWX) is seeing unusually high volume in afternoon trading Friday, with over 786,000 shares traded versus three month average volume of about 47,000. Shares of IWX were down about ...
Friday Sector Laggards: Music & Electronics Stores, Computer Peripherals
Forbes - 15 Aug 2014 19:01
In trading on Friday, music & electronics stores shares were relative laggards, down on the day by about 1.7%. Helping drag down the group were shares of Gamestop (GME), off about 5.1% and shares of Voxx International ...
Friday's ETF Movers: XOP, IHI
Forbes - 15 Aug 2014 19:01
In trading on Friday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 1% on the day. Components of that ETF showing particular strength include shares of Goodrich Petrole...
Friday Sector Leaders: Beverages & Wineries, Education & Training Services
Forbes - 15 Aug 2014 18:59
In trading on Friday, beverages & wineries shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Monster Beverage (MNST), up about 27.3% and shares of Reeds (REED) up about 8.5% on...
Use Options For a Chance To Buy Trina Solar at a 62% Discount
Forbes - 15 Aug 2014 18:37
Looking back to 70 days ago, Trina Solar Ltd (NYSE: TSL) priced a 8,800,000 share secondary stock offering at $11.00 per share. Buyers in that offering made a considerable investment into the company, expecting that thei...
S&P 500 Analyst Moves: NEE
Forbes - 15 Aug 2014 18:36
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, NextEra Energy (NEE) is now the #91 analyst pick, moving up by 1 spot. This rank i...
Use Options For a Chance To Buy EVHC at a 18% Discount
Forbes - 15 Aug 2014 18:35
Looking back to 36 days ago, Envision Healthcare Holdings Inc (NYSE: EVHC) priced a 27,500,000 share secondary stock offering at $34.00 per share. Buyers in that offering made a considerable investment into the company, ...
Use Options For a Chance To Buy DST at a 24% Discount
Forbes - 15 Aug 2014 18:34
Looking back to 99 days ago, DST Systems Inc. (NYSE: DST) priced a 5,357,200 share secondary stock offering at $84.00 per share. Buyers in that offering made a considerable investment into the company, expecting that the...