Market News
California Regulator Launches Inquiry Into Marketplace Lenders
Wall Street Journal - 11 Dec 2015 07:04
State regulators in California have launched an inquiry into the fast-growing marketplace lending industry.
Chinese Move Would Loosen The Yuan's Peg to the Dollar
Wall Street Journal - 11 Dec 2015 16:52
China's central bank signaled its intention to change the way it manages the yuan's value by potentially loosening its peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.
Junk-Bond Fund's Demise Mars Vulture Investor's Storied Career
Wall Street Journal - 11 Dec 2015 16:37
Martin Whitman spent decades buying unloved stocks and bonds, usually profiting as they rose in value. But lately the investments are turning into blunders, not bargains.
American Express is Oversold
Forbes - 11 Dec 2015 23:21
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
Rand's Pain Means Gain For Shares Of South African Gold Producers
Forbes - 11 Dec 2015 23:17
(Kitco News) - It was a tough week for most gold-mining stocks if their operations weren't based in South Africa.
Eastman Chemical Named Top Dividend Stock With Insider Buying and 2.66% Yield (EMN)
Forbes - 11 Dec 2015 23:14
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
Kitco Gold Survey: Market Sentiment For Gold Mixed Ahead Of Major Fed Week
Forbes - 11 Dec 2015 23:10
Gold sentiment is mixed as most retail investors expect to see negative prices next week and most market analysts expected higher prices on short covering after the Federal Open Market Committee (FOMC) monetary policy me...
Five Dow Stocks With Rising Short Activity
Forbes - 11 Dec 2015 22:32
The most recent short interest data has just been released by the NASDAQ for the 11/30/2015 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five Dow Jones Indus...
Notable Friday Option Activity: AMZN, GOOGL, BEN
Forbes - 11 Dec 2015 21:54
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon.com Inc. (NASD: AMZN), where a total of 125,101 contracts have traded so far, representing approximately 12.5...
Friday Sector Leaders: Utilities, Healthcare
Forbes - 11 Dec 2015 21:33
Looking at the sectors faring best as of midday Friday, shares of Utilities companies are outperforming other sectors, losing just 0.2%. Within that group, CenterPoint Energy, Inc (NYSE: CNP) and Edison International (NY...
Why FANG Stocks Might Fade In 2016, And What It Means For The Market
Forbes - 11 Dec 2015 21:25
It's been a great year to own shares of Facebook, Amazon, Netflix and Google. But the odds are stacked against a repeat performance in 2016.
The Oil-Price Rout: Blink and You Won't Miss It
Wall Street Journal - 11 Dec 2015 21:14
Plunging oil prices are another sign OPEC's assumptions about global output were way off and that the pain of low prices may last well into 2016.
Trade Volumes Up For CME Across Key Asset Classes in November
Forbes - 11 Dec 2015 20:53
CME Group witnessed four consecutive quarters of growth in trading activity in 2014. The growth spree continued through the first three quarters of this year, with average daily volumes increasing by an aggregated 7% on ...
FTSE companies lose £34bn to end worst week since August
Telegraph - 11 Dec 2015 20:47
The FTSE 100 fell to its lowest level since September after a weak rand and the global commodity price rout weighed on investor sentiment.
Can Yahoo Thrive In Its Current Form?
Forbes - 11 Dec 2015 20:47
Yahoo! profitability measured in terms of EBITDA margin is less than half of that of Google and its revenues have declined by more than 30% since 2008. The company continues to spend a significant amount on product devel...
Daily Dividend Report: ABT, EIX, WPC, GE, LII, FMC, PNY
Forbes - 11 Dec 2015 20:45
Abbott (ABT) increased the company's quarterly dividend to 26 cents per share from 24 cents per share. The cash dividend is payable Feb. 16, 2016, to shareholders of record at the close of business on Jan. 15, 2016.
Noteworthy Friday Option Activity: HSY, RIG, AIG
Forbes - 11 Dec 2015 20:45
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Hershey Company (NYSE: HSY), where a total of 12,139 contracts have traded so far, representing approximately 1.2 mi...
Why Is The Apple Watch Seeing Deep Discounts?
Forbes - 11 Dec 2015 20:45
The Apple Watch has been seeing some deep discounts over the last few weeks. Apple authorized retailer Best Buy slashed $100 off the retail price, while Target was offering as much as $100 off on the device via gift card...
Friday's ETF with Unusual Volume: PRFZ
Forbes - 11 Dec 2015 20:35
The PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ETF (PRFZ) is seeing unusually high volume in afternoon trading Friday, with over 856,000 shares traded versus three month average volume of about 32,000. Shares of...
Friday's ETF Movers: GDX, XOP
Forbes - 11 Dec 2015 20:34
In trading on Friday, the Gold Miners ETF (GDX) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Gold Fields (GFI), up about 4.7% and shares of...
Friday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Forbes - 11 Dec 2015 20:32
In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Seadrill Partners LLC (SDLP), off about 15.4% and shares...
Friday Sector Leaders: Railroads, Electric Utilities
Forbes - 11 Dec 2015 20:30
In trading on Friday, railroads shares were relative leaders, down on the day by about 0.3%. Leading the group were shares of CSX Corporation (CSX), up about 3.5% and shares of Norfolk Southern Corporation (NSC) up abo...