Market News
Is The Recent Stock Market Bounce Sustainable?
Forbes - 19 Oct 2015 06:42
There is a significant amount of resistance overhead that U.S. stocks need to clear for another leg of the bull market to materialize.
Chinese Copper-Trading Surge Shakes Up Market
Wall Street Journal - 19 Oct 2015 03:12
Chinese investors hamstrung by stock-trading restrictions are piling into copper trading, a shift that analysts and traders say has distorted the global market for the metal.
Gold On Verge Of Posting First Positive Year Since 2012
Forbes - 20 Oct 2015 01:45
Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving avera...
Deutsche Bank Mistakenly Transfers $6 Billion to Client's Account
Wall Street Journal - 19 Oct 2015 23:38
Deutsche Bank AG erroneously transferred $6 billion to a hedge-fund client's custody account in June after a junior foreign-exchange trader misunderstood instructions calling for a much smaller payment. The transaction w...
Little-Known Beijing Stock Market Sees Surge of IPOs
Wall Street Journal - 19 Oct 2015 23:30
A relatively obscure stock market based in Beijing has become a magnet for companies looking to raise money through IPOs, as the gloom hovering over the country's more famous trading hubs in Shanghai and Shenzen persists...
Why Valeant's Growth Is Under Pressure
Wall Street Journal - 19 Oct 2015 23:02
Concerns over Valeant's strategy shift weigh on the stock's valuation.
Iran Nuclear Deal Sanctions: Why Tehran Wants To Be A Part of International Financial System
IBTimes - 19 Oct 2015 22:52
As U.S. President Barack Obama directed his administration Sunday to prepare to roll back nuclear-related U.S. sanctions on Iran, a similar but separate and potentially far more momentous step was underway nearly 4,000 m...
Look Beyond Verizon's Headline Numbers
Wall Street Journal - 19 Oct 2015 22:46
Verizon Communications is likely to report record third-quarter wireless margins. But that won't tell the full competitive story.
Monday Sector Leaders: Services, Financial
Forbes - 19 Oct 2015 22:32
The best performing sector as of midday Monday is the Services sector, not showing much of a loss. Within that group, Netflix Inc. (NASD: NFLX) and Expedia Inc (NASD: EXPE) are two large stocks leading the way, showing a...
Monday Sector Laggards: Energy, Materials
Forbes - 19 Oct 2015 22:10
The worst performing sector as of midday Monday is the Energy sector, showing a 2.5% loss. Within that group, Marathon Oil Corp. (NYSE: MRO) and Pioneer Natural Resources Co (NYSE: PXD) are two large stocks that are lagg...
Deutsche Bank Shares Rise After Shakeup
Wall Street Journal - 19 Oct 2015 22:09
Deutsche Bank employees and investors positively graded the lender's overhaul, saying they welcomed clarity on how businesses will be judged.
Our Take On The Recent Layoffs And Management Changes At Twitter
Forbes - 19 Oct 2015 21:59
Twitter has created a lot of news recently amidst its ongoing efforts to reinvigorate growth. This week was no different and saw the layoff of about 8% of the company's workforce, along with the appointment of a key Goog...
Motorola Steadily Building On Its Software Focus To Propel Service Revenues
Forbes - 19 Oct 2015 21:57
From 48% in 2012, the company's service revenues as a percentage of product revenues increased to 54% in 2014, and we expect the figure to cross 60% over the next five or six years, with the company inking new contracts ...
Harley-Davidson Earnings Preview: Turnaround In The Latter Half Of The Year?
Forbes - 19 Oct 2015 21:53
The results for the first half reflected slight weakness for the company, with motorcycles and related products revenues down ~7% year-over-year, on a 4.7% decline in wholesale motorcycle shipments. However, the iconic m...
Weak US Drilling Activity To Weigh Heavily On Baker Hughes' 3Q Earnings
Forbes - 19 Oct 2015 21:49
Oilfield services major, Baker Hughes, which is working with Halliburton to complete their proposed merger by the end of the year, faced another rough quarter due to the weak North American drilling demand. The Houston-b...
Daily Dividend Report: MS, NEE, CCL, SJM, WTR, RYN, B, SEP, WNR
Forbes - 19 Oct 2015 21:36
Morgan Stanley (MS) declared a $0.15 quarterly dividend per share payable on November 13, 2015 to common shareholders of record on October 30, 2015.
UBS Reaches Settlement Over Fund's Strategy Change
Wall Street Journal - 19 Oct 2015 21:34
UBS agreed to pay $17.5 million to settle charges from the SEC that two of the Swiss bank's advisory firms failed to disclose a change in investment strategy by a fund focused on distressed debt.
CFTC Charges 3Red With 'Spoofing' Scheme
Wall Street Journal - 19 Oct 2015 21:25
The CFTC sued Igor Oystacher and his proprietary trading company, 3Red Trading, and said they engaged in a "spoofing" scheme to unlawfully push prices on five different futures products in a certain direction and benefit...
Monday's ETF with Unusual Volume: LVL
Forbes - 19 Oct 2015 21:24
The Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) is seeing unusually high volume in afternoon trading Monday, with over 280,000 shares traded versus three month average volume of about 36,000. Shares of L...
Monday's ETF Movers: ICF, GDXJ
Forbes - 19 Oct 2015 21:22
In trading on Monday, the iShares Cohen & Steers REIT ETF (ICF) is outperforming other ETFs, up about 0.8% on the day. Components of that ETF showing particular strength include shares of Extra Space Storage (EXR), up ab...
Monday Sector Laggards: Metals & Mining, Precious Metals
Forbes - 19 Oct 2015 21:21
In trading on Monday, metals & mining shares were relative laggards, down on the day by about 6.1%. Helping drag down the group were shares of Teck Resources (TCK) down about 7.6% on the day.
Monday Sector Leaders: Consumer Services, Water Utilities
Forbes - 19 Oct 2015 21:19
In trading on Monday, consumer services shares were relative leaders, up on the day by about 5.4%. Leading the group were shares of Weight Watchers International (WTW), up about 100.6% and shares of WEX (WEX) up about 4....