Market News
AIG Profit Drops 67% And Misses Street Estimates
Forbes - 13 Feb 2015 00:04
The American International Group -- an insurance agency better known as AIG -- posted a set of disappointing fourth quarter earnings results Thursday afternoon, revealing that its profit fell 67% and failed to meet Wall ...
Former SEC Commissioner Goldschmid Dies
Wall Street Journal - 13 Feb 2015 05:53
Harvey Goldschmid, a former SEC official and securities-law expert who helped guide the response to the accounting scandals of the early 2000s, died. He was 74.
Cisco soars after quarterly revenue tops analysts' estimates
livemint.com - 13 Feb 2015 05:35
Fiscal second-quarter sales rose 7% to $11.9 billion, and profit excluding some items was 53 cents a share
Asian shares jump on Ukraine ceasefire, hopes on Greece
livemint.com - 13 Feb 2015 04:44
Ceasefire takes sting out of investors fear on global economy; Greece's move on troika raises hopes of progress on debt talks
Fidelity Records Record Revenue
Wall Street Journal - 13 Feb 2015 03:25
Money manager Fidelity Investments delivered its first annual report under new chief executive Abigail Johnson, showing record revenue and operating income even as its actively managed mutual funds suffered large investo...
Are These Tech Stocks Ready For Lift Off?
Forbes - 13 Feb 2015 02:17
Most of the major averages made new highs for the year in Tuesday's session, with the Dow Industrials, S&P 500, and Nasdaq Composite posting gains of over 1%. The Dow Utilities did even better as it was up 2.12% as these...
Chinese Shake Up Aluminum
Wall Street Journal - 13 Feb 2015 02:06
A surge in aluminum exports from China is altering market dynamics for one of the world's most heavily traded commodities. Because of quirks in China's tax system, the trend involves reshaping the metal itself.
Lowe's Companies Popular Amongst Latest 13F Filers
Forbes - 13 Feb 2015 23:18
At Holdings Channel, we have reviewed the latest batch of the 88 most recent 13F filings for the 12/31/2014 reporting period, and noticed that Lowe's Companies Inc (NYSE: LOW) was held by 21 of these funds. When hedge fu...
Apple First Solar Deal Heats Up Hot Solar Stocks
Forbes - 13 Feb 2015 23:05
Anyone would have expected Apple’s $850 million deal with First Solar (FSLR) to have created a lot of heat in stocks in solar sector, but the reality that prices had been on the move already. Several solar stocks such...
Valentine's Day Chocolate May Be More Expensive This Year
IBTimes - 13 Feb 2015 22:24
Valentine's Day shoppers might find a box of chocolate more expensive this year, and they can thank China, Ebola and a dusty wind in west Africa. On Thursday, the average price for a metric ton of cocoa was $2993.47, dow...
Egypt's Lawmakers Plan For Economic Growth After IMF Endorsement
IBTimes - 13 Feb 2015 22:14
The International Monetary Fund offered its support for Egypt on Wednesday, lauding its latest policies to spur economic inclusive growth, create jobs and restore stability. This is an important step forward for the coun...
Friday Sector Leaders: Energy, Materials
Forbes - 13 Feb 2015 21:33
Looking at the sectors faring best as of midday Friday, shares of Energy companies are outperforming other sectors, higher by 1.6%. Within that group, Pioneer Natural Resources (NYSE: PXD) and Denbury Resources (NYSE: DN...
Friday Sector Laggards: Utilities, Financial
Forbes - 13 Feb 2015 21:32
In afternoon trading on Friday, Utilities stocks are the worst performing sector, showing a 1.9% loss. Within that group, Exelon (NYSE: EXC) and Northeast Utilities (NYSE: NU) are two of the day's laggards, showing a los...
Noteworthy Friday Option Activity: PCLN, GOOG, CELG
Forbes - 13 Feb 2015 20:48
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Priceline Group Inc. (NASD: PCLN), where a total of 37,392 contracts have traded so far, representing approximately ...
Riding On Strategic Acquisitions & Insightful Investments, TripAdvisor Delivers A Healthy Q4
Forbes - 13 Feb 2015 20:44
Propelled by growing click based revenues and the full quarter contribution of its acquisitions (LaFourchette and Viator), the world's largest travel review company posted revenues of $288 million in Q4 2014, up by 35% y...
Medtronic Earnings Preview: Key Businesses In Focus
Forbes - 13 Feb 2015 20:42
When Medtronic comes out with its Q3 FY 2015 earnings, we expect revenue growth to meet the company?s guidance of 4-5% on a constant currency basis. Most of the company?s major businesses are likely to sustain their grow...
Manulife Earnings: Growth In Asia Continues, Canada And U.S. Mixed
Forbes - 13 Feb 2015 20:40
The company?s core earnings also dropped by nearly 6% y-o-y to C$713 million in the fourth quarter. Although the company benefited from an increase in business volume, unfavorable policyholder experience in North America...
Weekly Tech Update: AMAT, CREE, INTC, MU, QCOM, NVDA
Forbes - 13 Feb 2015 20:38
The semiconductor industry was one of the strongest performing sectors in 2014, driven by the continued strength in personal, network and service provider communications, and increasing electronics adoption around the wo...
Friday 2/13 Insider Buying Report: PKY, DOW
Forbes - 13 Feb 2015 20:37
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.
Verizon Best In Wireless Network Quality, Sprint Leads In Improvement
Forbes - 13 Feb 2015 20:36
Verizon has retained its ranking as the best wireless network in the U.S. in the second half of 2014, with AT&T again taking second place, according to the latest mobile network performance report by RootMetrics. Accordi...
Is Every Oil Company A Buy Right Now?
Forbes - 13 Feb 2015 20:34
We do expect oil prices to recover from current levels in the second half of this year, and average around $70 per barrel for the full year. However, significant revenue pressures and margin erosion in the first half is ...
S&P 500 Analyst Moves: BWA
Forbes - 13 Feb 2015 18:49
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Borg Warner (BWA) is now the #17 analyst pick, moving up by 3 spots. This rank is ...