Market News
Billionaire Agnelli Family Adds To Berkshire-Like Portfolio As Exor Buys PartnerRe For $6.9B
Forbes - 3 Aug 2015 16:38
Exor, a holding company controlled by the Agnelli family that owns interests in Fiat Chrysler Automotive, CNH Industrial, and Italian Serie A soccer champions JuventusĀ is beginning to look like Berkshire Hathaway. On Mo...
Proxy Firm Georgeson Under Investigation
Wall Street Journal - 3 Aug 2015 01:35
Georgeson, a proxy-solicitation firm, is being investigated by federal prosecutors as part of the government's increased focus on the illegal trading of confidential company information.
London Trader Hayes Sentenced to 14 Years
Wall Street Journal - 3 Aug 2015 17:17
A jury has convicted Tom Hayes, a former trader at UBS and Citigroup, with fraudulently trying to rig the London interbank offered rate, or Libor, the first criminal conviction of an individual for manipulating the widel...
Monday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Forbes - 3 Aug 2015 20:46
In trading on Monday, metals & mining shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Natural Resource Partners (NRP), off about 13.8% and shares of Hallador Energ...
Interesting January 2017 Stock Options for IBM
Forbes - 3 Aug 2015 18:28
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is International Business Machines Corp. (NYSE: IBM). So this week we highlight one interesting put co...
Asia Stocks Decline as China Manufacturing Data Weakens
Wall Street Journal - 3 Aug 2015 05:54
Asia shares dropped Monday amid jitters about weakening Chinese manufacturing data and the continued declines in commodity prices.
Higher Spending Should Drive Up Car Makers' Margins
Wall Street Journal - 3 Aug 2015 23:32
Car sales probably can't get much stronger than they were in July, but Americans will find another way to spend their money.
Oil-and-Gas Debt Deals Sting Investors
Wall Street Journal - 3 Aug 2015 23:19
It is shaping up as a cruel summer for debt investors wagering on a rebound in the oil-and-gas business.
Speedway Is More Overvalued Then You Might Think
Forbes - 3 Aug 2015 22:56
As the owner and operator of eight racing facilities, Speedway Motorsports' (TRK) business is heavily tied to the popularity of racing, particularly NASCAR. Since October 2014, TRK is up more than 21%, despite the busine...
Are Your Aging Parents Less Financially Savvy Than A High School Dropout?
Forbes - 3 Aug 2015 22:44
It's hardly surprising that mental ability, including financial know-how, declines with age.
Time Warner Q2 2015 Earnings Preview: Turner Networks And HBO Likely To Drive Earnings Growth
Forbes - 3 Aug 2015 22:39
Turner networks was able to sell most of their upfront inventory with higher ad rates for the 2015-16 television season. These factors likely provided a lift to Time Warner's Q2 earnings. Furthermore, HBO will see an upt...
Which Of The Latest 13F Filers Hold Facebook?
Forbes - 3 Aug 2015 22:33
At Holdings Channel, we have reviewed the latest batch of the 34 most recent 13F filings for the 06/30/2015 reporting period, and noticed that Facebook, Inc. (NASD: FB) was held by 15 of these funds. When hedge fund mana...
More Pressure on SEC Over Its Judges
Wall Street Journal - 3 Aug 2015 22:02
A federal judge gave the Securities and Exchange Commission seven days to say if it will change the way it appoints its administrative law judges.
Noteworthy Monday Option Activity: DE, XOM, AAL
Forbes - 3 Aug 2015 21:04
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (NYSE: DE), where a total of 17,328 contracts have traded so far, representing approximately 1.7 million...
Monday's ETF with Unusual Volume: PBP
Forbes - 3 Aug 2015 20:49
The PowerShares S&P 500 BuyWrite Portfolio ETF (PBP) is seeing unusually high volume in afternoon trading Monday, with over 908,000 shares traded versus three month average volume of about 166,000. Shares of PBP were off...
Monday's ETF Movers: XLU, GDX
Forbes - 3 Aug 2015 20:48
In trading on Monday, the Utilities Select Sector SPDR Fund ETF (XLU) is outperforming other ETFs, up about 0.2% on the day. Components of that ETF showing particular strength include shares of Nextera Energy (NEE), up a...
Monday Sector Laggards: Energy, Materials
Forbes - 3 Aug 2015 20:46
In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 2.1% loss. Within the sector, Transocean Ltd. (NYSE: RIG) and Chesapeake Energy Corp. (NYSE: CHK) are two of the day's laggards, sh...
Notable Monday Option Activity: REGN, UPS, TSN
Forbes - 3 Aug 2015 20:45
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Regeneron Pharmaceuticals, Inc. (NASD: REGN), where a total volume of 4,106 contracts has been traded thus ...
Monday Sector Leaders: Trucking, Airlines
Forbes - 3 Aug 2015 20:44
In trading on Monday, trucking shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of YRC Worldwide (YRCW), up about 3.6% and shares of Saia (SAIA) up about 2.9% on the day.
Monday Sector Leaders: Utilities, Financial
Forbes - 3 Aug 2015 20:36
In afternoon trading on Monday, Utilities stocks are the best performing sector, losing just 0.1%. Within that group, NextEra Energy Inc (NYSE: NEE) and FirstEnergy Corp. (NYSE: FE) are two of the day's stand-outs, showi...
Weak oil, soft data weigh on US stocks
livemint.com - 3 Aug 2015 20:16
Dow Jones drops 1.04%, S&P 500 down 0.74%, Nasdaq Composite falls 0.82%
Regulators Question High-Speed Trading in Treasurys
Wall Street Journal - 3 Aug 2015 20:15
Senior officials at the Treasury Department and Federal Reserve questioned the benefits of high-frequency trading in U.S. Treasury markets, suggesting market overseers are building the case for new rules targeting the fi...