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Market News

Location American Market News for 18 June 2015
U.S. stocks soared Thursday with the Nasdaq composite closing at an all-time high, led by gains in the biotechnology sector. The Dow Jones Industrial Average soared nearly 200 points as the Federal Reserve's cautious app...
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When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 4,029 13F filings for the 03/31/2015 reporting period, and noticed that Micron Technology Inc. (NAS...
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FitBit Isn't Too Stretched

Wall Street Journal - 18 Jun 2015 22:30
FitBit's valuation leaves the stock some room to run, even after scoring a nice IPO pop.
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Euro Resilient Amid Greek Crisis

Wall Street Journal - 18 Jun 2015 22:13
Greece's debt negotiations have taken a heavy toll on stocks and bonds in Europe, but the euro is on the rise.
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Will the extra resources to states help kick-start growth? A closer look at the recently announced budgets of 16 states shows that there is little consolidation at the state level
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Venezuela Oil Loans Go Awry for China

Wall Street Journal - 18 Jun 2015 21:39
As Venezuela's economy totters, the government-owned China Development Bank is badly on the hook.
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Behind Chicago's Rift With Moody's

Wall Street Journal - 18 Jun 2015 21:34
Moody's Investors Service's move last month to downgrade Chicago's credit rating to junk status highlights a tough new stance from the firm. Chicago's mayor has called the move irresponsible; other municipalities are als...
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By Reuben Miller
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Small Crowds Get Their Day in Investing Sun

Wall Street Journal - 18 Jun 2015 21:28
New SEC rules starting Friday allow small investors to participate in equity crowdfunding, in which startups can raise up to $50 million through online campaigns.
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Short-term fluctuations shouldn't detract investors: Taimur Baig Investors will have to be patient and focus on the medium-term markers of growth than look for signs of a short-term turnaround, says Deutsche Bank's Asia chief economist
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Modest hike in MSP for FY16 lowers risk of food inflation The damage it would cause via product market distortions and higher inflation would far outweigh the gains, say analysts
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The message from Indian Finance Minister Arun Jaitley, on the road to woo U.S. investors this week and next, is that his country's economy is revving up, offering them "a lot of potential" for gains.
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Thursday Sector Laggards: Energy, Materials

Forbes - 18 Jun 2015 20:32
Thursday Sector Laggards: Energy, Materials In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.1% loss. Within that group, Noble Corp plc (NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks that ...
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Bearish sentiment, expectations that stock prices will fall over the next six months, rose 1.7 percentage points to 34.3%. Pessimism was last higher on August 7, 2014 (38.2%). This week's increase keeps bearish sentiment...
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For municipal bond investors, airports have been an opportunity for above average returns.
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The Glitter Of Gold In An Age Of Soaring Debt Lately we've seen several central banks repatriate more of their gold reserves from foreign vaults, most notably Germany, Austria, France, Switzerland and others. Texas is even in the early stages of creating its own gol...
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U.S. stocks traded sharply higher Thursday, with the Nasdaq composite soaring past its all-time record set during the peak of the dot-com bubble era. The gains were driven by the biotechnology sector, pushing the Nasdaq ...
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Both the OTA giants have chosen not to display their inventories on the Instant Booking platform. instead, they have chosen to display their inventories on applications that are Instant Booking's direct competitors. And ...
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Due to the closure of these stores, the company expects to lose about $300 million in annual sales. It will also post one-time charges of $140 million-$160 million related to lease buy-outs, asset impairments, inventory ...
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U.S. Steel Increases Automotive Steel Capacity With Purchase Of AK Steel's Stake In DESCO DESCO operates an electrolytic galvanizing facility located in Dearborn, Michigan, which produces sheet steel coated with free zinc or zinc alloy coatings, primarily for use in the automotive industry. The acquisition of...
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Oracle Corporation (ORCL) declared a quarterly cash dividend of $0.15 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 8, 2015, with a paymen...
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Adverse foreign currency movements hammered Oracle's revenues in the fourth quarter. Consequently, its total revenues contracted by 5% year on year in the fourth quarter, but grew by 3% year on year in constant currency ...
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