Market News
How To YieldBoost Packaging Corp of America To 6.3% Using Options
Forbes - 19 Sep 2014 17:31
Shareholders of Packaging Corp of America (NYSE: PKG) looking to boost their income beyond the stock's 2.5% annualized dividend yield can sell the January 2016 covered call at the $72.50 strike and collect the premium ba...
U.S. Court Declines Citigroup Appeal on Argentina Bonds
Wall Street Journal - 19 Sep 2014 22:43
A U.S. appeals court on Friday said it didn't have the jurisdiction to overturn a lower-court order barring a unit of Citigroup Inc. from making interest payments on Argentina's local-law bonds.
Fitch Affirms Triple-A Rating for U.S.
Wall Street Journal - 19 Sep 2014 22:43
Fitch Ratings Inc. affirmed its Triple-A rating for the U.S., citing its financing flexibility and status as issuer of reserve currency and benchmark fixed-income asset.
Alibaba Shares Debut At $92.70; Chinese E-Commerce Giant More Valuable Than Facebook, Amazon
IBTimes - 19 Sep 2014 22:31
Shares in Chinese e-commerce giant Alibaba Holdings Ltd. opened trading on the New York Stock Exchange Friday at $92.70, 36 percent percent higher than its IPO price, making the Hangzhou-based firm more valuable than Ama...
Can The Economy Withstand Another Housing Breakdown?
Forbes - 19 Sep 2014 22:27
With the three fascinations of the week, the Fed’s FOMC statement, the separation vote in Scotland, and the Alibaba IPO, now history, will investors re-focus on the economy?
Alibaba IPO Day Recap: Run Jack, Run
Forbes - 19 Sep 2014 22:16
Beware all the Alibaba IPO hype.
Rite Aid Falls Despite A Strong Q2'15 As It Lowers Its 2015 Guidance
Forbes - 19 Sep 2014 21:57
The company's stock price has declined by 18.5% because management lowered its fiscal 2015 guidance (mentioned at the end of the article), mainly due to an anticipated decline in reimbursement rates and lower profitabili...
Micron: Factors Responsible For A 10% Increase In Our Valuation
Forbes - 19 Sep 2014 21:55
Though DRAM revenue declined marginally sequentially, both average selling prices and cost per bit decreased in the low-single-digit range, resulting in relatively stable DRAM margins compared to the last two quarters. O...
Resolution Of Tax Dispute In Mongolia Boosts Rio Tinto's Plans For Expansion Of Copper Mine
Forbes - 19 Sep 2014 21:54
A tax dispute that could potentially have delayed the development of Rio Tinto's Oyu Tolgoi copper mine in Mongolia, has been resolved. This is good news for the company as the project is an integral part of its plans to...
Oracle: Weak Hardware And New License Sales Dim Earnings Report As Management Changes Loom
Forbes - 19 Sep 2014 21:50
Cloud revenues registered robust growth while sales from new software licenses and hardware products declined on a year-on-year basis. Oracle's quarterly earnings per share stood at $0.62, at the lower end of its quarter...
Initiating Coverage Of Alibaba At Price Estimate Of $80 Per Share
Forbes - 19 Sep 2014 21:08
The buzz around Alibaba's U.S. IPO (initial public offering) is not surprising considering the company's dominance in China's growing e-commerce market and its profitable business model. The IPO has generated a lot of de...
Stay On Track For Retirement The Easy Way
Forbes - 19 Sep 2014 21:06
The big question hanging over the heads of most everyone over 40 is: "Will I ever retire?"
Pressure on Sterling May Continue Despite Scottish 'No' Vote
Wall Street Journal - 19 Sep 2014 20:57
Uncertainties over the Scottish referendum had pushed the pound up and down. Now that the Scots have opted to stay in the U.K., investors say sterling will dance to a different tune: one played by the Bank of England.
Brooklyn Man Charged as Middleman in Insider Trading Ring
Wall Street Journal - 19 Sep 2014 20:56
A Brooklyn man has been charged as the middleman in a $5.6 million insider-trading scheme that involved passing tips through napkins and sticky notes near the clock at Grand Central Terminal, the U.S. Securities and Exch...
Friday Sector Leaders: Utilities, Healthcare
Forbes - 19 Sep 2014 20:43
Looking at the sectors faring best as of midday Friday, shares of Utilities companies are outperforming other sectors, up 0.5%. Within that group, NiSource (NYSE: NI) and Duke Energy (NYSE: DUK) are two of the day's stan...
Friday Sector Laggards: Technology & Communications, Industrial
Forbes - 19 Sep 2014 20:41
In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 0.8% loss. Within that group, Red Hat (NYSE: RHT) and Oracle (NYSE: ORCL) are two large stocks that are laggin...
Kicking It With A Skechers Buy
Forbes - 19 Sep 2014 20:12
Skechers USA is a solid long position to add to a growth portfolio due to its envelopment of the footwear market. The Manhattan Beach, California-based company designs, develops, markets, and distributes footwear for men...
Will Alibaba Be The First Chinese Brand To Go Global?
Forbes - 19 Sep 2014 19:52
Did you get your share? Neither did I. The hot share of the day, that is—Alibaba, the newest name on the New York Stock Exchange, a company that just pulled off the largest initial public offering on the United States ...
Weekly Market Wrap: September 19, 2014
Forbes - 19 Sep 2014 19:12
The thirty eighth trading week of 2014 comes to a close with the S&P 500 and NASDAQ lower and the Dow Jones slightly higher in early afternoon trading today.
Alibaba IPO: E-Commerce Giant Explodes In Debut
IBTimes - 19 Sep 2014 18:31
"In my over 20 years at the NYSE, I haven't seen anything like it." That was the reaction of an experienced trader on the floor of the New York Stock Exchange on Friday morning as Alibaba Group Holding Limited (NYSE:BABA...
Alibaba Shares Expected To Start Trading 23% Higher Than Offering Price
IBTimes - 19 Sep 2014 18:31
Shares in Chinese e-commerce giant Alibaba Holdings Ltd. were expected to jump at least 23 percent when they start trading Friday on the New York Stock Exchange. Reuters reported that, shortly after the opening bell Frid...
Oracle Shares Slide On Ellison News, Earnings Miss
IBTimes - 19 Sep 2014 18:31
Shares of Oracle were off sharply in early trading Friday, less than 24 hours after the company reported earnings that missed Wall Street's expectations and said that founder Larry Ellison would step down as CEO. Oracle ...