Market News
IMF to Brighten View of China's Yuan
Wall Street Journal - 4 May 2015 02:46
The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, a milestone in the country's efforts to open its economy.
Goldman Sachs in Talks to Sell Its Coal Mines
Wall Street Journal - 4 May 2015 01:52
Goldman Sachs is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production.
Pimco Total Return Is No Longer The World's Biggest Bond Fund
Forbes - 4 May 2015 22:55
After two years of investor withdrawals, Pacific Investment Management Co.’s flagship bond fund is no longer the world's biggest.
California Drought Victim: Water Bonds
Wall Street Journal - 4 May 2015 21:25
California's drought is starting to spread to the market for bonds issued by water utilities, long considered one of the safest types of debt sold by state and local governments.
U.S. Banks Expect Rise in Energy-Sector Loan Defaults
Wall Street Journal - 4 May 2015 21:08
Banks in the U.S. are bracing for defaults on loans to the oil and gas sector amid low oil prices this year, according to a Federal Reserve survey.
Retail therapy for investors
livemint.com - 4 May 2015 21:00
Shareholders of retail companies would be happy that consolidation is finally happening in the brick-and-mortar retail industry
Portware Brings Artificial Intelligence To Trading
Forbes - 4 May 2015 20:54
Portware automates most of trading so traders can focus on exceptions.
Norway Oil Fund Sheds More Coal Assets
Wall Street Journal - 4 May 2015 20:51
Norway's sovereign-wealth fund has exited most of its holdings in pure-play coal mining companies, as lawmakers of the Scandinavian nation debate whether to restrict or even ban it from investing in certain fossil-fuel i...
India bought $10 bn US treasuries in February, the highest in a year
livemint.com - 4 May 2015 20:48Upstarts Eat McDonald's Lunch
Wall Street Journal - 4 May 2015 20:30
Ahead of the Tape: Fast food and fast money mix with Noodles & Co., Potbelly and others as McDonald's flounders.
Investors Shouldn't Dote on BofA Chair Vote
Wall Street Journal - 4 May 2015 20:26
Bank of America's decision to allow a shareholder vote on combining the chairman and CEO roles is a welcome sop to investors. But it doesn't resolve bigger questions for the stock.
India's Debt Complicates Growth Plans
Wall Street Journal - 4 May 2015 20:10
A large pile of debt at India's big infrastructure companies is complicating Prime Minister Narendra Modi's plans to boost the country's economy and improve its woeful roads, electric grids and other public works.
Daily Dividend Report: EOG, YUM, GG, EFX, CCE, UHS, PII, R
Forbes - 4 May 2015 19:48
EOG Resources (EOG) has declared a dividend of $0.1675 per share on EOG's Common Stock, payable July 31, 2015, to stockholders of record as of July 17, 2015.
Monday's ETF with Unusual Volume: PBS
Forbes - 4 May 2015 19:42
The PowerShares Dynamic Media Portfolio ETF (PBS) is seeing unusually high volume in afternoon trading Monday, with over 422,000 shares traded versus three month average volume of about 43,000. Shares of PBS were up abou...
Motorola Solutions Earnings Preview: North American Sales To Drive Results
Forbes - 4 May 2015 19:42
When the company comes out with its Q1 earnings, we expect overall sales to decline in the low-single digits y-o-y driven by better order conversion in the previous quarter and currency headwinds. In terms of costs, marg...
Monday's ETF Movers: GDXJ, XOP
Forbes - 4 May 2015 19:41
In trading on Monday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Bear Creek Mining (BCM.CA), up about 9.7...
Monday Sector Laggards: Oil & Gas Refining & Marketing, General Contractors & Builders
Forbes - 4 May 2015 19:40
In trading on Monday, oil & gas refining & marketing shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of Clean Energy Fuels (CLNE), down about 8.9% and shares of Sinop...
DirecTV Q1 Preview: Currency Headwinds Could Play Spoilsport In Otherwise Solid Quarter
Forbes - 4 May 2015 19:40
DirecTV has so far performed better than other pay-TV operators, reporting solid subscriber growth over the past few years. The company gained 99,000 video subscribers in the U.S. during the year 2014. In comparison, cab...
Monday Sector Leaders: Agriculture & Farm Products, Biotechnology Stocks
Forbes - 4 May 2015 19:38
In trading on Monday, agriculture & farm products shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Agria (GRO), up about 5.7% and shares of Adecoagro (AGRO) up about 3.9% on the...
Electronic Arts Earnings Preview: New Battlefield Title Might Be The Only Highlight In Q4 Report
Forbes - 4 May 2015 19:38
On a trailing twelve month basis, EA's non-GAAP net revenue reached $4.337 billion, and digital receipts accounted for more than half of the revenues ($2.178 billion) for the first time ever, up 17% y-o-y. The company's ...
Groupon Earnings Preview: While Top-Line Could Under-Perform, We Expect Profitability To Improve
Forbes - 4 May 2015 19:36
The company recently divested a controlling stake in its South Korean business, which will be treated as a discontinued operation in the current financial results. Though this divestiture, together with currency headwind...
Disney's Q2 2015 Earnings Preview: Watchout For Currency Headwinds
Forbes - 4 May 2015 19:34
While we expect Disney to post continued growth at ESPN and its theme parks, currency headwinds may weigh on the company's operations in the March quarter. While the studio business likely benefited from the success of C...