Market News
PM Narendra Modi should use honeymoon period to push reforms: Ryan Huang
livemint.com - 23 Oct 2014 15:47
The IG Markets strategist says reforms introduced by the government should perk up investor interest that had recently begun to flag
P&G Q1'15 Preview: Markets Slowdown And Currency Headwinds Should Test P&G Brands
Forbes - 23 Oct 2014 22:38
Despite the weak top line performance, due to extreme currency volatility, P&G has managed to expand its margins on a year-on-year basis through prudent reductions in manufacturing and non-manufacturing overhead expenses...
China Unicom Earnings Preview: 3G, 4G Adds, VAT In Focus
Forbes - 23 Oct 2014 22:36
When the company releases its third quarter results, we expect its wireless business to continue to show strong growth on account of an expanding subscriber base and an improving 3G-4G mix. However, it is likely to be im...
Why Chocolate Makers Are Uniting To Fight Ebola
IBTimes - 23 Oct 2014 21:31
The world's chocolate makers are coming together to fight the Ebola outbreak in Liberia, Guinea and Sierra Leone. As part of the World Cocoa Foundation, Mondelez International Inc., Nestlé SA, Starbucks Corporation, and...
Caterpillar Profit Beats View; Shares Surge
IBTimes - 23 Oct 2014 21:31
(Reuters) - Caterpillar Inc (CAT.N) shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American ener...
Thursday Sector Leaders: Energy, Industrial
Forbes - 23 Oct 2014 20:58
The best performing sector as of midday Thursday is the Energy sector, higher by 3.1%. Within the sector, EQT (NYSE: EQT) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks leading the way, showing a gai...
Thursday Sector Laggards: Utilities, Consumer Products
Forbes - 23 Oct 2014 20:57
The worst performing sector as of midday Thursday is the Utilities sector, higher by 0.7%. Within that group, Edison International (NYSE: EIX) and FirstEnergy (NYSE: FE) are two large stocks that are lagging, showing a l...
Norfolk Southern Earnings: Intermodal And General Merchandise Growth Offsets Coal Weakness
Forbes - 23 Oct 2014 20:06
Revenue increased 7% year-on-year, to reach $3.02 billion, driven by volume growth across all commodities except for coal, which continues to suffer due to the weak export coal environment for the U.S. Norfolk Southern's...
Corning's Gorilla Glass And Display Technologies Segment Will Drive Earnings
Forbes - 23 Oct 2014 20:03
We expect to see growth in the firm's Display Technologies and Specialty Materials segment. The acquisition of Samsung Corning Precision Materials, which was completed on January 15th of this year and now known as Cornin...
Yahoo Earnings: Mobile And Windfall profits From Alibaba Sale Boost Results
Forbes - 23 Oct 2014 19:57
The primary reason for growth in search ads revenue was the growth in the price per click. Additionally, sale of Yahoo's 140 million shares in Alibaba boosted its cash position by $7 billion to $12 billion. The highlight...
Verizon's Q3 Results Driven Growing Wireless Subscribers, FiOS Adoption
Forbes - 23 Oct 2014 19:54
The wireline business reported a marginal slump in total operating revenues, although consumer revenues grew by 4.5% y-o-y on strong FiOS subscriber adds. Net income grew by over 65% to $3.7 billion in the quarter, refle...
Daily Dividend Report: V, ENB, STX, PH, C
Forbes - 23 Oct 2014 19:15
Visa (V) declared a quarterly dividend in the aggregate amount of $0.48 per share of class A common stock, determined in the case of class B and class C common stock on an as-converted basis, payable on December 2, 2014,...
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Forbes - 23 Oct 2014 19:14
Comcast Corporation (CMCSA) declared a quarterly dividend of $0.225 a share on the Company's common stock. The quarterly dividend is payable on January 28, 2015 to shareholders of record as of the close of business on Ja...
Thursday's ETF Movers: XBI, GDXJ
Forbes - 23 Oct 2014 19:04
In trading on Thursday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Sangamo Biosciences (SGMO), up about 9....
Thursday Sector Laggards: Precious Metals, Textiles
Forbes - 23 Oct 2014 19:03
In trading on Thursday, precious metals shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Tanzanian Royalty Exploration Company (TRX), down about 6.7% and shares o...
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Forbes - 23 Oct 2014 19:02
In trading on Thursday, auto dealerships shares were relative leaders, up on the day by about 4.2%. Leading the group were shares of Group 1 Automotive (GPI), up about 13.5% and shares of Carmax (KMX) up about 7.7% on ...
S&P 500 Analyst Moves: SRCL
Forbes - 23 Oct 2014 17:46
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Stericycle (SRCL) is now the #57 analyst pick, moving up by 1 spot. This rank is f...
Use Options For a Chance To Buy Novavax at a 48% Discount
Forbes - 23 Oct 2014 17:43
Looking back to 140 days ago, Novavax, Inc. (NASD: NVAX) priced a 25,000,000 share secondary stock offering at $4.00 per share. Buyers in that offering made a considerable investment into the company, expecting that thei...
Global Winners and Losers
Forbes - 23 Oct 2014 17:11
The US stock market sagged in afternoon trading with only the Dow Utilities bucking the trend. This, of course, is the least favorite sector according to the latest big money poll from Barron's. Market internals were 2-1...
FXO, FXR: Big ETF Outflows
Forbes - 23 Oct 2014 16:56
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Financials AlphaDEX Fund (FXO), where 16,250,000 units were destroyed...
FXZ, GASL: Big ETF Inflows
Forbes - 23 Oct 2014 16:55
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Materials AlphaDEX Fund (FXZ), which added 4,800,000 units, or a 21.9% incre...
Talkin' To Chuck: Q&A With Charles Schwab On Investing, Retirement & Wealth
Forbes - 23 Oct 2014 16:47
Billionaire brokerage titan Charles Schwab shares his secrets to successful investing and planning your financial future.