Market News
Dow Jones Industrial Average Tumbles 100 Points As US Dollar Strength Weighs On Oil, Earnings
IBTimes - 24 Mar 2015 23:18
U.S. stocks closed lower for a second straight session Tuesday, with the Dow Jones Industrial Average tumbling more than 100 points in late afternoon trading as renewed strength in the dollar weighed on investor sentimen...
Tuesday Sector Laggards: Utilities, Healthcare
Forbes - 24 Mar 2015 20:33
In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 1.1% loss. Within that group, TECO Energy Inc. (NYSE: TE) and Ameren Corp. (NYSE: AEE) are two large stocks that are lagging, s...
Tuesday Sector Leaders: Services, Materials
Forbes - 24 Mar 2015 20:32
In afternoon trading on Tuesday, Services stocks are the best performing sector, not showing much of a loss. Within that group, Netflix Inc. (NASD: NFLX) and PulteGroup, Inc. (NYSE: PHM) are two large stocks leading the ...
Funds Added To Frontier Communications Positions
Forbes - 24 Mar 2015 19:53
At Holdings Channel, we have reviewed 4,003 13F filings for the 12/31/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...
Boston Scientific Adds Another Product To Its Portfolio
Forbes - 24 Mar 2015 19:47
The S-ICD is implanted in patients who are prone to sudden cardiac arrests caused by heart rhythm disorder. In a standard S-ICD system, the leads of the defibrillator do not touch the heart. This reduces the risks associ...
Storage Systems Notes: EMC, NetApp, IBM, HP In Focus
Forbes - 24 Mar 2015 19:45
Storage systems manufacturers such as EMC, NetApp, IBM, Hitachi Data Systems and Hewlett-Packard have had a tough year in storage hardware product sales owing to a decline in worldwide spending on information storage. Ac...
Earnings Review: Nike Continues To Grow On Higher Comparable Sales, More Profitable Sales Mix
Forbes - 24 Mar 2015 19:44
Sports giant Nike recorded another strong quarter in Q3 2015, with revenue rising by 7% annually to $7.5 billion. Gross margin expanded by 140 basis points y-o-y, on the back of a shift in the sales mix to higher margin ...
Strong Outlook For Asset Management And Interest-Based Revenues For Charles Schwab
Forbes - 24 Mar 2015 19:42
Brokerage firm Charles Schwab witnessed a solid start to 2015, with daily average revenue trades (DARTs) standing at over 322,000 in January. This was almost 8% higher than the average daily trades in 2014. However, trad...
Here's How A Payments Feature Could Impact Facebook's Business
Forbes - 24 Mar 2015 19:41
We believe the revenue impact from transaction fees on payments could be limited in the long term. This is because payments are generally free on apps including Venmo, with a small fee attached to transactions through cr...
Tuesday Sector Leaders: Music & Electronics Stores, General Contractors & Builders
Forbes - 24 Mar 2015 19:26
In trading on Tuesday, music & electronics stores shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of hhgregg (HGG), up about 4.9% and shares of Conns (CONN) up about 4.2% on the...
Tuesday Sector Laggards: Water Utilities, Gas Utilities
Forbes - 24 Mar 2015 19:25
In trading on Tuesday, water utilities shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of SJW Corporation (SJW), off about 4.2% and shares of SABESP (SBS) off about...
Tuesday's ETF Movers: ITB, XLU
Forbes - 24 Mar 2015 19:25
In trading on Tuesday, the iShares U.S. Home Construction ETF (ITB) is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular strength include shares of Lumber Liquidators Holding...
Tuesday's ETF with Unusual Volume: IGV
Forbes - 24 Mar 2015 19:24
The iShares North American Tech-Software ETF (IGV) is seeing unusually high volume in afternoon trading Tuesday, with over 367,000 shares traded versus three month average volume of about 51,000. Shares of IGV were tra...
Two Healthcare Stocks Provide Antidotes To Wild Market Swings
Forbes - 24 Mar 2015 19:10
The macro environment for healthcare stocks such as Alexion Pharmaceuticals and Bristol-Myers Squibb will remain highly favorable for years to come.
Former Fed Official Stein Brings Credit Bubble Expertise To Hedge Fund BlueMountain
Forbes - 24 Mar 2015 18:04
Jeremy Stein, who was a Fed governor between May 2012 and May 2014, is being taken on by BlueMountain as a consultant and is expected to advise the hedge fund on interest rate moves, Federal Reserve actions and potential...
S&P 500 Analyst Moves: SBUX
Forbes - 24 Mar 2015 17:46
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Starbucks (SBUX) is now the #47 analyst pick, moving up by 6 spots.
Nikkei Approaching 20,000: Japan Is Booming
Forbes - 24 Mar 2015 17:30
In November 2013 I predicted Nikkei 20,000. Now it's on the edge of coming to pass, as Japan is starting to boom.
Formula One star races up skyscraper
CNN - 24 Mar 2015 17:02
Mercedes Formula One star Nico Rosberg prepares for Malaysian Grand Prix by running up a skyscraper.
Two Options Trades To Play The Upside In Amazon
Forbes - 24 Mar 2015 17:00
To get long Amazon, I prefer to use options. One strategy is buying a $365 call with an expiry of May 15, 2015, for around $24.
Airbus Group (AIR), Deutsche Lufthansa (LHA) Stock Prices Tumble After Germanwings Airbus A320 Crashes In French Alps
IBTimes - 24 Mar 2015 16:55
Shares of Airbus Group NV (EPA:AIR) dropped nearly 2 percent Tuesday after an A320 passenger plane carrying 150 people crashed in the French Alps.
HEFA, IBDL: Big ETF Inflows
Forbes - 24 Mar 2015 16:50
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Currency Hedged MSCI EAFE ETF (HEFA), which added 7,550,000 units, or a 12.1% in...
XLF, FTW: Big ETF Outflows
Forbes - 24 Mar 2015 16:49
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (XLF), where 26,950,000 units were destroyed, o...