Market News
Drug Executive Shkreli Arrested on Fraud Charges
Wall Street Journal - 18 Dec 2015 00:39
Pharmaceutical executive Martin Shkreli--who gained notoriety earlier this year for significantly raising prices on drugs--was arrested on charges of securities and wire fraud based on his former work at a hedge fund.
Bank of Japan Takes Fresh Action
Wall Street Journal - 18 Dec 2015 07:16
The Bank of Japan announced supplementary measures to its quantitative easing program Friday, saying it would increase its exposure to longer-term government bonds and domestic stock funds.
Corporate Bonds Offer Reasons to be Cheerful---for Some
Wall Street Journal - 18 Dec 2015 17:46
ECB asset purchases, assurances from the Fed that rate increases will be moderate, attractive yields and the belief that problems in the energy sector are not spreading to other areas have led some fund managers to turn ...
Fed Hikes, but Some Rates Veer Lower
Wall Street Journal - 18 Dec 2015 06:48
On the day the Federal Reserve implemented its plan to raise interest rates, driving up overnight borrowing costs, broader market forces conspired instead to drive other U.S. interest rates down.
Hong Kong Retailers Lost in Currency Translation
Wall Street Journal - 18 Dec 2015 06:12
U.S. dollar strength and a weakening yuan are driving mainland visitors away from shopping paradise Hong Kong to Japan.
Noteworthy Friday Option Activity: GPRO, TWTR, AAOI
Forbes - 18 Dec 2015 22:54
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GoPro, Inc. (NASD: GPRO), where a total volume of 69,658 contracts has been traded thus far today, a c...
Wall Street Loves Star Wars: The Case For A $3 Billion Box Office Take
Forbes - 18 Dec 2015 22:44
Though there isn't an across-the-board consensus -- BTIG, in particular, has a dour outlook for what the latest Star Wars installment can do for Disney -- many Wall Street observers have a decidedly bullish take on just ...
Strong Dollar Won't Get Weak in the Knees
Wall Street Journal - 18 Dec 2015 22:28
Until other economies step up, the dollar will likely only get stronger.
The Fed's Tiny Rate Hike Is A Big Deal For Investors' Risk Appetite
Forbes - 18 Dec 2015 22:04
Rates are still low, but as rates gradually rise over the next few years, people will be incentivized to move out of risky things and into less-risky things.
Friday Sector Leaders: Healthcare, Materials
Forbes - 18 Dec 2015 21:47
In afternoon trading on Friday, Healthcare stocks are the best performing sector, losing just 0.3%. Within that group, McKesson Corp. (NYSE: MCK) and Baxalta Inc (NYSE: BXLT) are two large stocks leading the way, showing...
Friday Sector Laggards: Financial, Industrial
Forbes - 18 Dec 2015 21:46
Looking at the sectors faring worst as of midday Friday, shares of Financial companies are underperforming other sectors, showing a 1.6% loss. Within that group, Navient Corp (NASD: NAVI) and E*trade Financial Corporatio...
January Effect: These Stocks Are Poised To Have A Stellar Month
Forbes - 18 Dec 2015 21:36
Biotech stocks tend to perform very well in the month of January. Historically, January tends to be a good month for stocks - especially small caps. This phenomenon is also known as the January Effect. The January effect...
Party hard on 'South America's Riviera'
CNN - 18 Dec 2015 21:04
No wonder Uruguay's Punta del Este race track is known as the "Monaco of South America." The shore is so close that sand drifts onto the circuit, and when the checkered flag falls even the slowest drivers can be sunbathi...
Gold Traders To Monitor Dollar, Chart Double-Bottom In Thin Pre-Holiday Trading
Forbes - 18 Dec 2015 21:00
All eyes will be on the U.S. dollar next week, although expected illiquidity in the gold market could mean increased volatility, traders and analysts said.
Friday's ETF with Unusual Volume: MXI
Forbes - 18 Dec 2015 20:55
The iShares Global Materials ETF (MXI) is seeing unusually high volume in afternoon trading Friday, with over 673,000 shares traded versus three month average volume of about 31,000. Shares of MXI were off about 0.1% on ...
Can Call of Duty: Black Ops III Outpace The Performance Of Previous Black Ops Titles?
Forbes - 18 Dec 2015 20:49
It has been more than 5 weeks since the release of Activision Blizzard's Call of Duty: Black Ops III, and the sales trend for this title has been a bit interesting for analysts. No doubt, Call of Duty has been the most s...
Friday Sector Laggards: Trucking, Auto Dealerships
Forbes - 18 Dec 2015 20:48
In trading on Friday, trucking shares were relative laggards, down on the day by about 5.2%. Helping drag down the group were shares of Celadon Group (CGI), down about 9.7% and shares of YRC Worldwide (YRCW) off about 9....
Friday Sector Leaders: Precious Metals, Metals & Mining Stocks
Forbes - 18 Dec 2015 20:45
In trading on Friday, precious metals shares were relative leaders, up on the day by about 4%. Leading the group were shares of Primero Mining (PPP), up about 9.7% and shares of Novagold Resources (NG) up about 8.5% on t...
"Google For India": How Does This Fit Into Google's Big Picture?
Forbes - 18 Dec 2015 20:44
Although currently India does not contribute significantly to Google's revenues, it has a huge potential for growth in terms of number of users. The number of internet users in India will exceed those in the U.S. in Dece...
Friday 12/18 Insider Buying Report: MJN, ZBRA
Forbes - 18 Dec 2015 20:42
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
Alcoa Maintains Focus On High Growth Aerospace Segment Prior To Planned Split In 2016
Forbes - 18 Dec 2015 20:42
Alcoa has announced the signing of multi-year supply agreements with Boeing worth $2.5 billion, as it continues to enhance the size and scope of its value-added businesses. As part of these deals, Alcoa will supply multi...
Accenture Earnings: Strong Dollar Impacts Revenue And New Signings Growth
Forbes - 18 Dec 2015 20:40
Accenture reported its Q1 FY 2016 results on December 17th. (Fiscal years end with August.) Due to the strong dollar, the company posted 1% year-over-year growth in revenues to $8 billion, though revenues were up 10% in ...