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Market News

Location American Market News for 4 November 2015
Elon Musk's Confident Tesla Call Lifts His Fortune Back Over $12 Billion Pedestrian results from Tesla are no match for Elon Musk's confidence as the automaker's stock soars.
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Lumber Liquidators Names A New CEO As Sales Slump Persists Embattled flooring company Lumber Liquidators named a new CEO on Wednesday, as it continues to face a sales slump brought on by questions about the safety of its floors.
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You can submit form 60 or 61 in the absence of PAN for some transactions Along with Form 60 or 61, you will also need to provide a valid residential address proof
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Whole Foods Stock Tumbles On Disappointing Earnings Whole Foods reported a worse-than-expected decline in same-same stores during its fiscal fourth quarter on Wednesday, as the high-end grocer continues to face an increasingly competitive landscape.
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More Job Cuts At Kraft Heinz Under 3G Capital And Warren Buffett Some 5,100 workers have been cut since 3G Capital and Berkshire Hathaway-backed Heinz acquired Kraft Foods this summer.
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Shares of Whole Foods plunged after the company reported a huge miss for same-store sales, a key metric for the grocery chain.
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MSCI Inclusion Could Boost Chinese Tech Firms

Wall Street Journal - 5 Nov 2015 01:05
MSCI's expected decision to add U.S.-listed Chinese companies to some of its most heavily tracked stock indexes could give a boost to some of China's prominent technology champions.
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Facebook also topped 1 billion daily active users, as advertising revenue jumped nearly 50 percent with a boost from mobile.
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U.S. Mulls New Treasury Bill Issue

Wall Street Journal - 5 Nov 2015 00:37
The U.S. Treasury may for the first time begin regular sales of two-month securities, the latest sign of strong global demand for government debt.
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Notable Wednesday Option Activity: AMZN, VLO, QCOM Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Amazon.com Inc. (NASD: AMZN), where a total volume of 98,507 contracts has been traded thus far today, a co...
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Wednesday Sector Leaders: Utilities, Healthcare In afternoon trading on Wednesday, Utilities stocks are the best performing sector, up 0.2%. Within the sector, NRG Energy Inc (NYSE: NRG) and Pinnacle West Capital Corp. (NYSE: PNW) are two large stocks leading the way,...
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Bitcoin is in the midst of a spectacular surge. Over the last month the digital currency's price against the dollar has nearly doubled. On Wednesday, bitcoin climbed above $500 before settling back to $456 at 1:30 p.m., ...
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Premium lifestyle brand Ralph Lauren is set to post fiscal second quarter earnings on November 5. The company's results in Q1 continued to be plagued by currency related headwinds, although revenues met analyst expectati...
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The company released one of its biggest updates to its flagship product, Tableau 9, in the second quarter. It saw significantly higher adoption rates than its predecessors right from the launch and is likely to have boos...
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UBS saw its shares tank nearly 6% over trading on Tuesday, November 3, despite reporting a better-than-expected performance for the third quarter, as investors chose to focus on the bank's updated performance goals for c...
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CDW Corporation (CDW) has declared a quarterly cash dividend of $0.1075 per common share to be paid on December 10, 2015 to all shareholders of record as of the close of business on November 25, 2015. This represents an ...
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We estimate Talent Solutions to constitute nearly 60% of LinkedIn's valuation. Revenues from this division have increased nearly 27% between Q1 2015 and Q3 2015, the highest growth rate among other divisions (17% for mar...
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We expect the company to post steady growth at its theme parks, but ESPN could face some headwinds amid lower television ratings in Q3. Disney's theme parks will likely see steady growth in attendance and average guest s...
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Although the carrier continues to walk a tightrope of sorts, balancing a tough financial position with the sizable network and subscriber investments required to drive growth, it actually performed fairly well in many ke...
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Wednesday's ETF with Unusual Volume: PEJ

Forbes - 4 Nov 2015 22:37
The PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ) is seeing unusually high volume in afternoon trading Wednesday, with over 377,000 shares traded versus three month average volume of about 40,000.  S...
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Wednesday's ETF Movers: GXC, XOP

Forbes - 4 Nov 2015 22:35
In trading on Wednesday, the SPDR S&P China ETF (GXC) is outperforming other ETFs, up about 0.7% on the day.  Components of that ETF showing particular strength include shares of Mindray Medical International (MR), up a...
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In trading on Wednesday, advertising shares were relative laggards, down on the day by about 3.4%.  Helping drag down the group were shares of Groupon (GRPN), off about 27.5% and shares of Harte Hanks (HHS) off about 14...
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