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Market News

Location American Market News for 2 November 2015

HSBC's Rich Yield Is Ripe for the Picking

Wall Street Journal - 2 Nov 2015 18:59
HSBC's third quarter underlined the fickle nature of wealth-management business in Asia with its relatively poor performance in the region weighing on revenues for the whole group so far this year.
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Following a lackluster Q1 and a relatively better Q2, the company reported its Networks operating margins at 13.6%, beating analysts' expectations of 10.2%. While the year over year (y-o-y) improvement in margins was jus...
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The Estée Lauder Companies (EL) announced an increase in the quarterly dividend on the Company's Class A and Class B Common Stock to $.30 per share. The dividend amount represents a 25% increase over the previous quarte...
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Why The Fed May Wait Until 2017 To Raise Rates While some of the factors that made a December hike unlikely have diminished I still think December is unlikely. Here's why.
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Although the deal is in its inchoate phases, a combination involving the world no.1 and no.2 in the beer space, is bound to exert a major impact - not only on the merging entities, but even other players involved. One of...
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Alaska Weighs Curtailing Oil-Tax Perk

Wall Street Journal - 2 Nov 2015 09:07
Alaskan leaders want to scale back subsidies designed to spur production by oil companies that have ballooned beyond expectations.
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China's Property Junk-Bond Sector Is an Unlikely Gem

Wall Street Journal - 2 Nov 2015 09:02
From China's feeble housing market to a high-profile developer default and the industry's growing debt pile, the decks seemed stacked against the home-building sector. But Chinese developers' U.S. dollar debt has become ...
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Asian Shares Fall on Weak China Data

Wall Street Journal - 2 Nov 2015 07:02
The latest signs that China will struggle to turn its economy around in the fourth quarter took steam out of Asian markets' October rally, which was the region's best month in six years.
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HP, Hewlett Packard Enterprise Part Ways

Wall Street Journal - 2 Nov 2015 06:02
Meg Whitman will ring the bell at the New York Stock Exchange on Monday as the brand-new company she will lead, Hewlett Packard Enterprise, begins trading.
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Relief Rally in Turkey Unlikely To Run Further Turkish assets jumped in price following a decisive win for the AKP, but the party of the president has yet to prove its economic credentials
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Why The Bear Market In Commodities May Be Ending Now might be a good time for investors to consider getting back into commodities and natural resources since we could be in the early innings of an upturn.
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Don't Throw Alibaba Out With The Bathwater

Forbes - 3 Nov 2015 00:24
Don't Throw Alibaba Out With The Bathwater On Apple’s (AAPL) third quarter earnings call, CEO Tim Cook was asked to give some color on China. Here is an excerpt of his response:
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Getting a Charge Out of Visa's Big Deal

Wall Street Journal - 3 Nov 2015 00:19
Visa Europe should be more profitable when its customers are no longer its owners.
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Monday Sector Laggards: Utilities, Technology & Communications In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Within that group, Dominion Resources Inc (NYSE: D) and Public Service Enterprise Group Inc. (NYSE: PEG) are two larg...
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Market report: Miners struggle on signs of weaker China FTSE 100 climbs despite sell-off in mining stocks
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Tesla Motors Can't Maintain 'Ludicrous' Speed

Wall Street Journal - 2 Nov 2015 23:12
With skepticism growing, Tesla can still get away with losses. But it will also need to hit delivery targets to keep its ludicrous valuation.
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The company has been hit hard by the current downtrend of low crude oil prices and its average price realizations in both upstream and downstream segments have suffered as a result. However, Chevron remains confident of ...
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The highlight of its earnings call was the recent Priceline-TripAdvisor collaboration through Booking.com's participation on TripAdvisor's Instant Booking platform. Expedia's management spoke at length over the strengthe...
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The coffee giant reported its Q4 and fiscal 2015 earnings result on October 29. The company posted strong positive comparable sales growth in every geographical segment, with a global comparable sales growth of 8%, marki...
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First Solar, the largest U.S. solar manufacturer, published a stronger than expected set of preliminary financial results for Q3 2015, driven by the sale of a majority interest in one of its partially completed utility s...
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Walgreens Buys Rite Aid At A Great Price, Becomes The Largest U.S. Pharmacy For quite some time, there was speculation around Rite Aid being a potential acquisition target for Walgreens. Earlier in March this year, we published a post on why we think Walgreens might consider acquiring Rite Aid. ...
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Considering its current rate of delivery, the company is on course to deliver just over 44,000 vehicles for the full year, but it also released the Model X SUV late in the third quarter, which should help the company com...
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