Market News
Oil Prices Slide to 6½-Year Low
Wall Street Journal - 14 Aug 2015 07:55
Crude-oil futures on the New York Mercantile Exchange dropped to a more-than six-year low on escalating concerns about demand from China following the yuan's devaluation.
Big Media Must Reverse Netflix's Stream
Wall Street Journal - 14 Aug 2015 19:17
After last week's stock-market bloodbath, the balance of power between Big Media and Netflix may have to change.
Goldman Sachs Sells Colombian Coal Mines To Murray Energy
Wall Street Journal - 14 Aug 2015 05:17
Goldman Sachs sold a Colombian mining operation to Murray Energy at a steep loss, marking the bank's exit from the coal business and Murray's international expansion.
Dow Jones Industrial Average Closes Higher Amid Eurozone Approval Of Greek Bailout Deal
IBTimes - 14 Aug 2015 23:17
U.S. stocks closed higher Friday, boosted in the last hour of trading after eurozone officials agreed to launch a new bailout program for Greece. Nine of the 10 S&P 500 sectors traded higher, led by gains in financial an...
Candy Crush's Whale of a Problem
Wall Street Journal - 14 Aug 2015 21:47
King Digital's base of paying users is falling, even as it gets more from those who do pay. That isn't helping growth.
Mailbag: What's Better At Predicting Future Returns Than Morningstar Stars?
Forbes - 14 Aug 2015 20:55
I use Morningstar's star ratings to help me select mutual funds. I only invest in funds which have at least 4 or 5 stars.
Friday Sector Leaders: Financial, Industrial
Forbes - 14 Aug 2015 20:46
Looking at the sectors faring best as of midday Friday, shares of Financial companies are outperforming other sectors, higher by 0.5%. Within the sector, Iron Mountain Inc (NYSE: IRM) and Crown Castle International Corp ...
KraftHeinz Provides Minimum Information, Enjoys Maximum Valuation For Now
Forbes - 14 Aug 2015 20:46
I'm buying out-of-the money November puts on Kraft. By then the honeymoon will have ended, and I believe reality's onset will also augur a lower earnings multiple.
Friday Sector Laggards: Energy, Services
Forbes - 14 Aug 2015 20:46
The worst performing sector as of midday Friday is the Energy sector, showing a 0.7% loss. Within the sector, Diamond Offshore Drilling, Inc. (NYSE: DO) and Marathon Petroleum Corp. (NYSE: MPC) are two of the day's lagga...
Weekly Market Wrap: August 14, 2015
Forbes - 14 Aug 2015 20:40
The thirty-second full trading week of 2015 comes to a close with the Dow Jones, S&P 500, and NASDAQ Composite higher in mid-afternoon trading on Friday.
Revising Lexmark Price to $37 Per Share
Forbes - 14 Aug 2015 20:03
A look at its financial statements indicates that the debt it took to finance the acquisition of Kofax has left the company cash strapped. This is negatively impacting our valuation of the company. Furthermore, apart fro...
Q2 2015 U.S. Investment Banking Round-Up: Total Trading Revenues
Forbes - 14 Aug 2015 20:02
The second quarter of the year was a lukewarm period for the securities trading industry, as debt trading activity suffered considerably over the months of May and June due to weak economic indicators and the Greece?s de...
How Premium Automakers Are Faring In A Slower Chinese Market
Forbes - 14 Aug 2015 20:00
The Chinese automotive market was predicted to slow down this year from the previously seen high double-digit growth levels, but the decline has come sooner than many expected. The GDP forecast for the country still rema...
U.S. Set to Approve Crude-Oil Trade to Mexico
Wall Street Journal - 14 Aug 2015 19:24
Oil companies eager to export American crude-oil despite a long-standing legal ban have scored a major victory, winning the right to trade U.S. oil with Mexico in a further erosion of the nation's four-decade ban on dome...
U.K. Bail Reduced for 'Flash Crash' Suspect
Wall Street Journal - 14 Aug 2015 19:24
A U.K. judge lowered the bail and imposed travel restrictions for Navinder Sarao, the U.K. trader who allegedly contributed to the stock market 'flash crash' of 2010.
CFTC Commissioner Wetjen to Resign
Wall Street Journal - 14 Aug 2015 19:05
Mark Wetjen, a Democrat who often played the role of swing voter on the Commodity Futures Trading Commission, is stepping down.
Dow Jones Industrial Average, S&P 500 Trade Mildly Higher Amid Inflation And Consumer Sentiment Data
IBTimes - 14 Aug 2015 18:27
U.S. stocks traded mostly flat Friday as investors turned their attention from China to the Federal Reserve. With two more economic indicators released Friday, market professionals are searching for further hints as to w...
India first, Brazil worst in emerging stocks after Fed increase
livemint.com - 14 Aug 2015 18:17
India will probably do best among the 10 largest emerging equity markets after the Fed boosts rates for the first time in nine years
S&P 500 Analyst Moves: UNP
Forbes - 14 Aug 2015 17:46
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Union Pacific (UNP) is now the #28 analyst pick, moving up by 1 spot.
Daily Dividend Report: AVT, NDSN, FDX, PH, MOS, GPS, WYN, TUP
Forbes - 14 Aug 2015 16:58
Avnet (AVT) approved a 6.25 percent increase in the quarterly cash dividend to $0.17 per share. The dividend will be paid on September 18, 2015 to shareholders of record as of the close of business on September 9, 2015.
Friday's ETF with Unusual Volume: PWV
Forbes - 14 Aug 2015 16:52
The PowerShares Dynamic Large Cap Value Portfolio ETF (PWV) is seeing unusually high volume in afternoon trading Friday, with over 154,000 shares traded versus three month average volume of about 110,000. Shares of PWV w...
Friday's ETF Movers: GDXJ, XBI
Forbes - 14 Aug 2015 16:51
In trading on Friday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.9% on the day. Components of that ETF showing particular strength include shares of China Gold International Resources (CGG....