Market News
Rewriting the Book on Valuing Wall Street's Big Banks
Wall Street Journal - 19 Aug 2015 22:11
Changes since the financial crisis should have investors repricing risk for banks--and raising valuations.
China Resumes Slide, Leading Asian Shares Lower
Wall Street Journal - 19 Aug 2015 07:23
A swift drop in China shares Wednesday eased slightly, with two-day losses just shy of 10%, a signal that the market is testing when and whether Beijing will step in to steady shares.
MF Global Brokerage Creditors Close to Nearly Full Recoveries
Wall Street Journal - 19 Aug 2015 22:31
A judge on Wednesday paved the way for nearly 100% recoveries for creditors of MF Global's brokerage, an outcome considered unthinkable when the firm collapsed less than four years ago.
MannKind Backers Still Drinking The Kool-Aid As Stock Slips Below $4
Forbes - 19 Aug 2015 22:12
I really don?t like dumping on MannKind nor do I take any great pleasure in watching shares slide. Yet it is fun to read the things MannKind supporters write, how they explain in spite of those pesky facts that MannKind ...
Federal Reserve System: FOMC Says Rate Hike 'Approaching,' But Inflation Conditions Not Yet Met
IBTimes - 19 Aug 2015 22:08
The U.S. Federal Reserve may wait until after September to lift interest rates after the latest minutes from the central bank's July meeting indicated conditions for the first rates increase in about a decade had not bee...
With Funding, Lender Social Finance Has Nation's Biggest Banks in Its Sights
Wall Street Journal - 19 Aug 2015 22:04
Fast-growing online lender Social Finance has raised about another $1 billion from investors, giving the startup a roughly $4 billion valuation that would place it in the top 30 U.S. banks by market capitalization.
Fannie, Freddie Regulator Leaves Affordable-Housing Targets Little Changed
Wall Street Journal - 19 Aug 2015 22:01
Fannie Mae's and Freddie Mac's regulator won't push the mortgage companies to direct additional lending resources to low-income borrowers, a blow to affordable-housing advocates.
A Sparse Year for Deals in Southeast Asia
Wall Street Journal - 19 Aug 2015 22:00
Investment banks are riding out the roughest spell in Southeast Asia in six years as IPOs are scrapped, mergers falter and foreign investors shy away from local stocks and bonds.
16 More Dividend Stocks To Buy Before The Ex-Dividend Date
Forbes - 19 Aug 2015 21:32
In recent months, I've highlighted companies with lengthy histories of raising their dividends year after year. That quality adds to the compounding achieved by investing through dividend reinvestment plans (DRIPs) , whi...
Indian commodities fall in tandem with global metals
livemint.com - 19 Aug 2015 20:52
Sluggish growth in infra and real estate sectors in India adds to pressure on domestic commodity prices
China Today: What Minsky Would Say
Forbes - 19 Aug 2015 20:45
China’s recent move to devalue its currency has shocked world markets. But it’s less of a shock if one keeps in mind what economist Hyman Minsky taught us about financial fragility and economic instability.
Wednesday Sector Laggards: Energy, Materials
Forbes - 19 Aug 2015 20:36
Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 2.3% loss. Within that group, Marathon Oil Corp. (NYSE: MRO) and Anadarko Petroleum Corp...
Wednesday Sector Leaders: Utilities, Healthcare
Forbes - 19 Aug 2015 20:35
Looking at the sectors faring best as of midday Wednesday, shares of Utilities companies are outperforming other sectors, higher by 0.6%. Within that group, Exelon Corp. (NYSE: EXC) and Edison International (NYSE: EIX) a...
Salesforce.com's Hard Sell
Wall Street Journal - 19 Aug 2015 20:16
Salesforce.com needs to keep selling big to justify its premium valuation.
Daily Dividend Report: XEL, ADI, SNI, JOY, NSP, TRST
Forbes - 19 Aug 2015 20:05
Xcel Energy (XEL) declared a quarterly dividend on its common stock of 32 cents per share. The dividends are payable October 20, 2015, to shareholders of record on September 17, 2015.
Wednesday's ETF with Unusual Volume: EQAL
Forbes - 19 Aug 2015 19:58
The PowerShares Russell 1000 Equal Weight Portfolio ETF (EQAL) is seeing unusually high volume in afternoon trading Wednesday, with over 91,000 shares traded versus three month average volume of about 28,000. Shares of E...
Wednesday's ETF Movers: GDXJ, XOP
Forbes - 19 Aug 2015 19:56
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Alamos Gold (AGI), up about 8.3% and ...
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Forbes - 19 Aug 2015 19:54
In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 5.3%. Helping drag down the group were shares of Baytex Energy Corporation (BTE), off about 15.4% and sh...
Wednesday Sector Leaders: Precious Metals, Computers
Forbes - 19 Aug 2015 19:53
In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Banro (BAA), up about 8.3% and shares of Anglogold Ashanti (AU) up about 8% on the day.
Ericsson Can Overcome Challenges In The Mobile Infrastructure Business
Forbes - 19 Aug 2015 19:42
Ericsson has long been a leader in the global mobile infrastructure market, holding a market share of over 30%. However, its share has declined over the past three years due to a technology shift from CDMA to 3G-4G/LTE a...
Q2 2015 U.S. Banking Review: Common Equity Tier 1 Capital Ratios
Forbes - 19 Aug 2015 19:40
Improved operating results for major U.S. banks, coupled with continued efforts by the banks to clean up their balance sheets, have resulted in a sizable increase in common equity tier 1 (CET1) ratio figures for the indu...
Almost A Quarter Of Bristol-Myers Squibb's Valuation Is Dependent On Yervoy's & Nivolumab's Growth
Forbes - 19 Aug 2015 19:38
Well, here is a fun fact for you. Around 20-25% of Bristol-Myers Squibb?s valuation is based on the expected growth of its cancer drugs, primarily Yervoy and Nivolumab. In other words, if the growth in these drugs was to...