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Market News

Location American Market News for 30 April 2015

'Flash Crash' Trader Remanded in Custody

Wall Street Journal - 30 Apr 2015 05:50
Navinder Singh Sarao, the U.K trader alleged to have made $40 million though manipulation of the U.S. futures markets, has been remanded in custody after failing to pay $7.7 million in bail.
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Oil Drop Opens Door to Megadeals

Wall Street Journal - 30 Apr 2015 00:46
The value of some smaller oil companies has tumbled by so much that bigger firms may find it less expensive to buy crude that someone else has discovered rather than to go digging for it.
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What The Contrarians Are Thinking Now

Forbes - 30 Apr 2015 22:53
What The Contrarians Are Thinking Now Much to my surprise, contrarians I spoke to at the Contrarian dinner in London are all, to a man, bulls. That doesn't seem so contrarian.
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Oil Prices Post Biggest Monthly Gain Since 2009

Wall Street Journal - 30 Apr 2015 22:21
Oil prices rose to a new 2015 high, capping their best-performing month in years, as traders bet that U.S. crude-oil supplies are near a peak.
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Regulator Tightens Credit-Union Rules

Wall Street Journal - 30 Apr 2015 21:15
New rules on membership in U.S. credit unions pave the way for a crackdown on use of associations to take in those who would otherwise lack the 'common bond' required to gain access to the tax-advantaged institutions.
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Serious money is not walking towards India: Sanjay Guglani Silverdale Capital's chief investment officer says India cannot hope to attract long-term funds when the tax regime remains uncertain, debt limits are arbitrary and hedging conditions are impractical
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Berkshire Prepares for Life Without Buffett

Wall Street Journal - 30 Apr 2015 21:00
For years, Warren Buffett has elicited both admiration and envy for the deals he has pulled off, but a related question has long weighed on Berkshire investors' minds: What happens when he is gone?
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Realogy Holdings is expected to book a narrower loss than a year ago when it reports first-quarter earnings on Monday, May 4, 2015. Analysts are expecting a loss of 22 cents per share, up from a loss of 28 cents per shar...
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Despite an expected dip in profit, analysts are generally optimistic about Dominion Resources as it prepares to reports its first-quarter earnings on Monday, May 4, 2015. The consensus earnings per share estimate is 96 c...
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Forbes Earnings Preview: V.F. Corporation

Forbes - 30 Apr 2015 21:00
V.F. Corporation reports its first-quarter earnings on Friday, May 1, 2015, and the consensus earnings per share estimate is 67 cents per share.The consensus estimate hasn't changed over the past month, but it's down fro...
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Leading up to Avis Budget's announcement of its first-quarter earnings on Monday, May 4, 2015 analysts have become more wary as expectations have fallen over the past month to earnings of 15 cents per share from earnings...
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SYSCO Earnings Projected to Increase

Forbes - 30 Apr 2015 21:00
Analysts expect higher profit for SYSCO when the company reports its third quarter results on Monday, May 4, 2015. The consensus estimate is calling for profit of 41 cents a share, reflecting a rise from 38 cents per sha...
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Tenet Healthcare to Swing Back to Profit

Forbes - 30 Apr 2015 21:00
After Tenet Healthcare experienced a loss of 12 cents a year ago, analysts predict positive news when the company reports this year's first quarter numbers on Monday, May 4, 2015. They expect a profit of 31 cents a share...
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Earnings Increase Expected for Tyson Foods

Forbes - 30 Apr 2015 21:00
Optimism surrounds Tyson Foods, as it gets ready to report its second quarter results on Monday, May 4, 2015. Analysts are expecting the company to book a profit of 74 cents a share, up from 60 cents a year ago.Over the ...
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Despite an expected dip in profit, analysts are generally optimistic about Sturm Ruger & Company as it prepares to reports its first-quarter earnings on Monday, May 4, 2015. The consensus earnings per share estimate is 6...
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Sensex, Nifty valuations fall below five-year average Decline in valuation of Sensex, Nifty is giving medium-term investors an opportunity to re-enter the market
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Buffett Has Tough Act to Follow

Wall Street Journal - 30 Apr 2015 20:33
Ahead of the Tape: Berkshire Hathaway's Warren Buffett hasn't lost his touch, but future returns aren't likely to match his historical record.
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Thursday Sector Laggards: Utilities, Healthcare Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 1.4% loss. Within that group, Eversource Energy (NYSE: ES) and CMS Energy Corp (NYSE: ...
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Americans' Spending Warms Up After Hard Winter

Wall Street Journal - 30 Apr 2015 20:01
Signs that spending and the job market are thawing back out suggest the economic weakness in the first quarter was only temporary.
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Number of $100 Million Homes Surges in U.S.

Wall Street Journal - 30 Apr 2015 19:59
As of March 31, 10 properties are listed in the U.S. at $100 million or higher, according to a report by Christie's International Real Estate. If they all sell at or above that price, it will more than triple the number ...
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Western Digital announced its Q3 FY 2015 earnings on Tuesday, April 29, reporting a 4% year-on-year decline in net revenues to $3.55 billion. Correspondingly, the hard drive manufacturer reported a nearly 10% y-o-y decre...
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Thursday's ETF with Unusual Volume: VV

Forbes - 30 Apr 2015 19:45
The Vanguard Large-Cap ETF (VV) is seeing unusually high volume in afternoon trading Thursday, with over 1.0 million shares traded versus three month average volume of about 194,000. Shares of VV were off about 0.5% on t...
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