Market News
Big Banks Shut Border Branches in Effort to Avoid Dirty Money
Wall Street Journal - 26 May 2015 04:03
Lenders are closing in Nogales, an Arizona city facing banking problems as Wall Street tries to avoid fines associated with the flow of dirty money.
PNC Infratech shares fall nearly 5% in debut trade
livemint.com - 26 May 2015 16:54
After debuting at `381 the stock later succumbed to profit-booking and finally ended at `360.20
Hong Kong Shares Jump on Hopes for China Link
Wall Street Journal - 26 May 2015 06:20
Hong Kong plays catch-up with the mainland after news China will launch a link allowing sales of funds on either side.
California Ruling Could Dent Building
Wall Street Journal - 26 May 2015 23:53
California, a state notorious for strict environmental reviews and aggressive community activist groups, may have just gotten even tougher for developers.
Dow Jones Industrial Average Drops Nearly 200 Points As Apple Inc (AAPL) Sinks 2%
IBTimes - 26 May 2015 23:13
U.S. stocks closed sharply lower Tuesday, with the Dow Jones Industrial Average dropping nearly 200 points, as losses in the technology sector led all three major indexes lower. All 30 stocks in the Dow closed lower, whi...
Oil Slump Has Calgary Awash in Vacant Office Space
Wall Street Journal - 26 May 2015 22:21
When crude prices were high, the commercial real-estate market in Canada's oil capital rivaled that of Houston. Now energy companies are cutting back, vacating a record amount of space even as construction of nine major ...
Picking Winners And Losers In The 'Uber Economy'
Forbes - 26 May 2015 22:08
There have been three distinct trends within the tech sector since the 1990s that have left an indelible imprint.
Worry Over Earnings for Southeast Asian Stocks
Wall Street Journal - 26 May 2015 21:54
Profits at companies across Southeast Asia are on the slide this year, and analysts say more pain is in store. That spells trouble for equity investors.
Oil Pressured by Dollar Strength
Wall Street Journal - 26 May 2015 21:48
Oil prices slipped Tuesday on a stronger dollar and concerns that the recent rally in oil prices could spark an increase in production.
A Sell in May Strategy
Forbes - 26 May 2015 21:30
The Sell-in-May (SIM) period is a well-known time interval of seasonal weakness. It runs from May 6 to October 27, approximately. I selected May 6 because this is the termination date of the end-of-the-month strength for...
What's Next for Tech and Apple?
Forbes - 26 May 2015 21:05
The technology stocks led the market higher last week even though most of the major averages sagged into the close last Friday. The S&P futures showed a loss of short-term momentum in weekend trading and have declined fu...
Uh-Oh! Stocks May Be Following Transports Dive - Dow Theory Déj Vu?
Forbes - 26 May 2015 20:58
With uncertainties increasing, stock market is looking vulnerable
The Low Spark of High-Priced Homes
Wall Street Journal - 26 May 2015 20:55
One reason new-home sales are still so low: New-home prices are still out of reach for many Americans.
Tuesday Sector Laggards: Energy, Technology & Communications
Forbes - 26 May 2015 20:34
The worst performing sector as of midday Tuesday is the Energy sector, showing a 2.1% loss. Within the sector, QEP Resources Inc (NYSE: QEP) and Transocean Ltd. (NYSE: RIG) are two of the day's laggards, showing a loss o...
Tuesday Sector Leaders: Services, Utilities
Forbes - 26 May 2015 20:34
The best performing sector as of midday Tuesday is the Services sector, losing just 0.8%. Within that group, Time Warner Cable Inc (NYSE: TWC) and Cablevision Systems Corp. (NYSE: CVC) are two large stocks leading the wa...
For Swing Trading, Try A Little TNA
Forbes - 26 May 2015 20:18
If traders understand the drawbacks of trading this leveraged index ETF that attempts to achieve 3x the daily move of the Russell 2000, then trading this vehicle can be very resourceful for both short and long term trade...
A New Way to Bet on the VIX
Forbes - 26 May 2015 20:18
The newly launched AccuShares ETFs are the first volatility-based products to offer investors direct access to the CBOE volatility index.
Tuesday 5/26 Insider Buying Report: PSX, OFIX
Forbes - 26 May 2015 20:02
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
Boston Scientific Reports Positive Clinical Trial Results For Its Lotus Valve System
Forbes - 26 May 2015 19:54
The REPRISE II Extended Cohort study was an extension of the REPRISE II clinical trial that reported strong performance data at one year in September 2014. On the other hand, the RESPOND Post-Market Study was initiated i...
Best Buy's Net Profit Falls On Restructuring, As Underlying Business Remains Strong
Forbes - 26 May 2015 19:46
While the industry declined 5.3% in the quarter, Best Buy's revenues from these categories saw only a 0.7% decline. This was driven by strong product cycles in large screen televisions and mobile phones and continued gro...
BlackBerry's Latest Round Of Job Cuts Do Little To Address Its Real Problem
Forbes - 26 May 2015 19:43
The layoffs come just about a month after the company said that it was considering closing offices in Sweden, in a move that would reduce its headcount by about 100 employees. However, the current round of job cuts is un...
Trade Volumes Decline, Asset Bases Rises For Charles Schwab In April
Forbes - 26 May 2015 19:42
Brokerage firm Charles Schwab witnessed a strong start to the year, with total daily trades standing at nearly 580,000 through the March quarter. Trade volumes were about 5% higher than the comparable prior year period a...