Market News
Monday Sector Leaders: Services, Healthcare
Forbes - 26 Oct 2015 22:39
Looking at the sectors faring best as of midday Monday, shares of Services companies are outperforming other sectors, higher by 0.4%. Within the sector, Kohl's Corp. (NYSE: KSS) and Netflix Inc. (NASD: NFLX) are two larg...
Monday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
Forbes - 26 Oct 2015 19:41
In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.4%. Helping drag down the group were shares of Petroquest Energy (PQ), down about 11.2% and shares of M...
U.S. Companies Warn of Slowing Economy
Wall Street Journal - 26 Oct 2015 05:57
Quarterly profits and sales from big American companies are poised to fall for the first time since the recession, as some industrial firms warn of a pullback in spending.
'It's good to have money,' says China's newly-crowned richest man
Telegraph - 27 Oct 2015 00:06
Wang Jianlin named China's richest person after wealth more than doubles in a year
The Gospel Of Greed: How Sardar Biglari Paid Himself $34 Million Despite Lousy Fund Returns
Forbes - 26 Oct 2015 23:36
Documents obtained by FORBES show Sardar Biglari's flagship hedge fund, The Lion Fund, lost 7.2% in 2014 -- a year he made $34.4 million in bonuses for the performance of his investments.
Notable Monday Option Activity: CMCSA, COH, MSFT
Forbes - 26 Oct 2015 23:01
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Comcast Corp (NASD: CMCSA), where a total of 60,488 contracts have traded so far, representing approximately 6.0 mil...
Monday Sector Laggards: Energy, Materials
Forbes - 26 Oct 2015 22:39
In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 2.7% loss. Within the sector, Chesapeake Energy Corp. (NYSE: CHK) and Range Resources Corp (NYSE: RRC) are two of the day's laggard...
Stock market operator ICE to spend $5.2bn on Interactive Data
Telegraph - 26 Oct 2015 22:37
InterContinental Exchange, which bought the New York Stock Exchange two years ago, is branching out into market data
These Two Big Banks Should Follow CIT's Lead
Wall Street Journal - 26 Oct 2015 22:08
Investors reacted positively to John Thain's departure from CIT. Beleaguered big banks should take note.
Daily Dividend Report: DAL, PII, PRE, HLS, BOH, ONB
Forbes - 26 Oct 2015 21:51
Delta Air Lines (DAL) declared a quarterly dividend of $0.135 per share. The dividend is payable to shareholders of record as of the close of business on November 6, 2015 and will be paid on November 30, 2015.
Engineering group Senior climbs FTSE 250 after rating upgrade
Telegraph - 26 Oct 2015 21:48
Market Report: Senior rises after rating upgrade, while FTSE eases back from two-month highs
Norfolk Southern's Q3 Earnings Preview: Weak Shipments To Negatively Impact Results
Forbes - 26 Oct 2015 21:46
We expect weak shipment volumes, especially coal shipments, to negatively impact the company?s revenues and profitability. According to Norfolk Southern's carloading report for the third quarter ending September 26, the ...
State Street Announces Job Cuts After Poor ETF Growth, Swelling Expenses Hurt Q3 Results
Forbes - 26 Oct 2015 21:44
State Street tried to make up for the poor operating performance by detailing plans to reduce its headcount by 600 by the end of 2016 ? a move that is expected to reduce annual recurring costs by roughly $50 million. Thi...
Earnings Preview: Superb Quarter in The U.S. Should Result In High Profits For Ford
Forbes - 26 Oct 2015 21:40
Usually, Ford makes most of its profits in the first half of the year, as the second half is weighed down by clearance sales, model changeover costs, low production levels due to holidays, new launch costs and higher adv...
Slowdown In The Chinese Economy Will Likely Impact Alibaba's Growth During The Quarterly Results
Forbes - 26 Oct 2015 21:38
We expect they slowed during the quarter, as the economic challenges most likely weighed on average spending by buyers. At the same time, we expect revenue growth was propelled by higher take rates during the quarter. We...
Apple Earnings Preview: Chinese Growth, iPhone Upgrade Program, Apple Watch In Focus
Forbes - 26 Oct 2015 21:37
We will be watching three key factors when Apple publishes its Q4 FY?15 earnings on Tuesday, October 27. First, we will be looking for details on the uptake of the iPhone 6S and the new iPhone Upgrade Program, which are ...
Can Valeant Again Be Valeant?
Wall Street Journal - 26 Oct 2015 21:36
Valeant Pharmaceuticals International's special conference call gave investors some answers. But not enough.
The week ahead in business and finance
Telegraph - 26 Oct 2015 20:59
Economic and corporate news expected from Monday, October 26 to Friday, October 30.
Fidelity Accused of Acting in an 'Unethical Manner'
Wall Street Journal - 26 Oct 2015 20:39
Massachusetts's top securities regulator filed a complaint Monday accusing a Fidelity Investments unit of allowing unregistered investment advisers to trade.
Valeant: No Illegal Activity at Company
Wall Street Journal - 26 Oct 2015 19:56
Valeant defended itself, saying it had properly accounted for its relationships with specialty pharmacies and had found no illegal activity at the company.
S&P 500 Analyst Moves: NLSN
Forbes - 26 Oct 2015 19:49
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Nielsen Holdings (NLSN) is now the #36 analyst pick, moving up by 1 spot.
Marketo Stock Looks Bubbly With Valuation In The Clouds
Forbes - 26 Oct 2015 19:48
Some of our most successful "danger zone" warnings have been on overvalued cloud software companies, i.e. Demandware (DWRE) and Splunk (SPLK). This week we’ve identified another highflying cloud company that exhibits...