Market News
OPEC Keeps Output Unchanged
Wall Street Journal - 5 Jun 2015 17:26
OPEC will keep its collective output level unchanged at 30 million barrels a day, the second time in six months it decided to take no action amid a global glut of crude and weak oil prices.
Creditors Give Puerto Rico Electric Power Authority 2-Week Extension
Wall Street Journal - 5 Jun 2015 15:59
Puerto Rico's cash-strapped power authority will have another two weeks to reach a deal with creditors after proposing a plan to restructure its finances this week.
Whatever Opec decides, oil supplies are rising from all sides
livemint.com - 5 Jun 2015 05:31
Iran, Iraq and Libya said this week they plan to add millions of barrels to the market this year
Dow Jones Industrial Average Closes In The Red As Strong Jobs Report Signals September Fed Rate-Hike
IBTimes - 5 Jun 2015 22:34
U.S. stocks closed mostly lower Friday after a strong jobs report provided further proof that the Federal Reserve is likely to raise interest rates in September. Friday's declines were led by the telecommunications secto...
US stocks little changed after early decline on jobs report
livemint.com - 5 Jun 2015 21:55
Consumer staples companies dropped as the dollar surged; utilities shares tumbled, while banks rallied as bond yields jumped
Friday Sector Leaders: Energy, Financial
Forbes - 5 Jun 2015 21:44
In afternoon trading on Friday, Energy stocks are the best performing sector, up 1.4%. Within that group, Transocean Ltd. (NYSE: RIG) and Newfield Exploration Co. (NYSE: NFX) are two large stocks leading the way, showing...
Friday Sector Laggards: Utilities, Consumer Products
Forbes - 5 Jun 2015 21:43
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 1.1% loss. Within that group, CMS Energy Corp (NYSE: CMS) and DTE Energy Co. (NYSE: DTE)...
Which 8 Gurus All Hold Stryker?
Forbes - 5 Jun 2015 21:41
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 4,023 13F filings for the 03/31/2015 reporting period, and noticed that Stryker Corp. (NYSE: SYK) w...
Funds Added To SL Green Realty Positions
Forbes - 5 Jun 2015 21:40
At Holdings Channel, we have reviewed 4,023 13F filings for the 03/31/2015 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...
Investors Pull Funds From Franklin's Main Europe-Based Fund
Wall Street Journal - 5 Jun 2015 20:59
Investors pulled roughly $2.5 billion from Franklin Templeton's main Europe-based global bond fund in the first four months of the year.
Weekly Market Wrap: June 5, 2015
Forbes - 5 Jun 2015 20:47
The twenty-second full trading week of 2015 comes to a close with the Dow Jones and S&P 500 down and the NASDAQ composite higher on the day, in late afternoon trading.
Merrill Gives Brokers Bigger Leeway to Slash Fees
Wall Street Journal - 5 Jun 2015 20:30
Merrill Lynch executives told the firm's brokers this week that they would be allowed to slash fees by 15% or more on wealthy accounts.
See How Coty Ranks Among Analysts' Top Picks With Strong Buyback Activity
Forbes - 5 Jun 2015 20:16
A study of analyst recommendations at the major brokerages shows that Coty, Inc. (NYSE: COTY) is the #103 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make ...
Exploring Base, Bull And Bear Case Scenarios For New York Times -- Part Two
Forbes - 5 Jun 2015 19:42
In the previous article, we explored the base case scenario for The New York Times Company. To summarize, we believe that NY Times stock is fairly valued at $12.04, which is its base case valuation. In this note, we expl...
Mobile Weekly Notes: Apple, BlackBerry and Samsung
Forbes - 5 Jun 2015 19:40
The smartphone and consumer electronics companies we cover had a relatively news filled week. While BlackBerry's QNX division forged a deal to work with Intel in the connected automobiles space, Samsung investors likely ...
Q1 2015 U.S. Banking Review: Outstanding Mortgage Portfolio
Forbes - 5 Jun 2015 19:38
The first thing that stands out here is that the only two banks that have seen an increase in their mortgage portfolio are the ones that have actively focused on the business since the economic downturn - Wells Fargo and...
Why Is Windows 10 Launch In July '15 Vital For Microsoft?
Forbes - 5 Jun 2015 19:36
Microsoft announced that it will release Windows 10 on July 29. Furthermore, it said that the OS will be a free update for users running Windows 7 or Windows 8.1 on PCs or notebooks for the first year. In the initial ph...
Limited Options For Sprint If T-Mobile Merges With Dish Network
Forbes - 5 Jun 2015 19:34
The potential merger looks like a win-win situation for both companies, with T-Mobile getting Dish's wireless airwaves to expand coverage as well as capacity and the latter getting a good opportunity to enter the wireles...
Analyst Favorites With Strong Buyback Activity: United Therapeutics Corp Ranks As a Top Pick
Forbes - 5 Jun 2015 19:16
A study of analyst recommendations at the major brokerages shows that United Therapeutics Corp (NASD: UTHR) is the #85 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activ...
Daily Dividend Report: FLO, GE, MON, AMAT, NUE, AEO, SNV
Forbes - 5 Jun 2015 19:15
Flowers Foods (FLO) announced a quarterly dividend of $.145 per share, which represents an increase of 9.4% over the quarterly dividend paid previously. The dividend is payable on July 2, 2015, to shareholders of record ...
Friday's ETF with Unusual Volume: CUT
Forbes - 5 Jun 2015 19:10
The Guggenheim Timber ETF (CUT) is seeing unusually high volume in afternoon trading Friday, with over 394,000 shares traded versus three month average volume of about 27,000. Shares of CUT were trading flat on the day.
Friday's ETF Movers: FXN, RWX
Forbes - 5 Jun 2015 19:08
In trading on Friday, the First Trust Energy AlphaDEX Fund ETF (FXN) is outperforming other ETFs, up about 1.6% on the day. Components of that ETF showing particular strength include shares of Whiting Petroleum (WLL), up...