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Market News

Location American Market News for 6 November 2014

Dow Movers: AXP, GE

Forbes - 6 Nov 2014 17:26
In early trading on Thursday, shares of General Electric (GE) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.8%.  Year to date, General Electric has lost about 7.2% of...
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Cow Prices Jump Over the Moon

Wall Street Journal - 6 Nov 2014 23:58
U.S. cattle prices are surging again, a fresh blow to consumers already stung by record costs for steaks and ground beef.
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Disney Missing The Magic? Shares Fall Despite In-Line Earnings Much like the highly anticipated movie-musical hitting theatres on Christmas day, shares of the Walt Disney Company are going "Into the Woods" in late Thursday trading: the stock took a turn for negative territory after ...
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Bank Of America Books Bigger Q3 Loss On $400 Million Legal Hit From Currency Probe BofA joins Citi in reducing already-reported earnings as costs of currency probe rise.
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B2B eCommerce Market Worth $6.7 Trillion by 2020: Alibaba & China the Front Runners Alibaba is known for a number of achievements; the most noteworthy is the fact that it is larger than Amazon and eBay combined – it is recording more trade volume than the two together. While this is certainly an incre...
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Thursday Sector Leaders: Materials, Services Looking at the sectors faring best as of midday Thursday, shares of Materials companies are outperforming other sectors, higher by 1.0%. Within that group, Newmont Mining (NYSE: NEM) and Goodyear Tire & Rubber (NASD: GT)...
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Thursday Sector Laggards: Utilities, Financial The worst performing sector as of midday Thursday is the Utilities sector, showing a 1.8% loss. Within that group, AES (NYSE: AES) and Public Service Enterprise Group (NYSE: PEG) are two large stocks that are lagging, sh...
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$450 Credit Cards: Should You Pay for Premium Plastic?

Wall Street Journal - 6 Nov 2014 20:54
Banks are pitching credit cards with annual fees more aggressively this year. Before you sign up, consider whether it makes sense to pay for the perks that come with high-dollar plastic.
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Although we believe that the new political environment may not have a meaningful near-term impact on U.S. solar policy and the solar stocks that we cover, since the Obama Administration pursued much of its renewables age...
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Qualcomm expects to resolve the licensing issue in China soon, but remains uncertain of the timing. Accordingly, the company believes that the QTL revenue growth many be muted to some extent in fiscal 2015. Additionally,...
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The company's net GAAP revenues increased 9% year-over-year (y-o-y) to $753 million, whereas the net non-GAAP revenues rose 78% to $1.17 billion, primarily driven by strong title launches and digital growth. The third qu...
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Amnesty plan need of hour to bring back black money: Harsh Mariwal Marico chairman says individuals who have salted away untaxed wealth abroad should be allowed to bring it back and be made to pay 20-30% of it as tax
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Apple has a massive cash balance - standing at $155 billion as of the last quarter - and is seeing increasingly strong free cash flows - over $10 billion during FY Q4 - on the back of hit new products such as the iPhone ...
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Commodity slump brings gains, losses

livemint.com - 6 Nov 2014 20:24
Commodity slump brings gains, losses Falling commodity prices mean lower raw material costs, but also lead to lower profits for Indian producers
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Michigan City Settles SEC Fraud Charges in Bond Sale

Wall Street Journal - 6 Nov 2014 20:22
The city of Allen Park, Mich., and two of its former officials settled fraud charges related to the sale of a $31 million municipal bond issue to raise funds for a movie studio project, according to the Securities and Ex...
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What Home Price Slowdown? Some Markets Buck the Trend Asking prices are rising more slowly now than a year ago. The price slowdown in especially sharp in California and the Southwest. Nevertheless, in 40 of the 100 largest markets, price gains have accelerated.
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Sun Life Financial (SLF) announced a quarterly dividend of $0.36 per common share, payable on December 31, 2014 to shareholders of record at the close of business on November 26, 2014.
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Thursday's ETF with Unusual Volume: IAT

Forbes - 6 Nov 2014 19:06
The iShares U.S. Regional Banks ETF (IAT) is seeing unusually high volume in afternoon trading Thursday, with over 1.2 million shares traded versus three month average volume of about 174,000.  Shares of IAT were up abo...
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Thursday's ETF Movers: GDXJ, ILF

Forbes - 6 Nov 2014 19:04
In trading on Thursday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 5.6% on the day.  Components of that ETF showing particular strength include shares of Silver Standard Resources (SSRI), up...
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In trading on Thursday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.1%.  Helping drag down the group were shares of Harvest Natural Resources (HNR), off about 12% and sha...
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In trading on Thursday, precious metals shares were relative leaders, up on the day by about 4.1%.  Leading the group were shares of Kinross Gold (KGC), up about 15% and shares of Richmont Mines (RIC) up about 12.6% on ...
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S&P 500 Analyst Moves: GOOGL

Forbes - 6 Nov 2014 18:55
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Google (GOOGL) is now the #23 analyst pick, moving up by 1 spot.         This rank is form...
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