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Market News

Location American Market News for 24 December 2015
MannKind Gets Ol' Lump Of Coal For New CEO At Critical Time Perhaps it's poetic justice that DeSisto is taking over a company with as many, actually more problems, than the one he mismanaged before getting the boot.
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These Brick-and-Mortar Stores Are Amazon-Proof

Wall Street Journal - 24 Dec 2015 20:04
Amazon.com is increasingly dominating retail, but companies like Signet Jewelers, Ulta Salon and Michaels should still be able to lure customers into brick-and-mortar stores.
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Demand from the rich drives surge in local hedge funds Industry experts expect the demand to grow in the coming years as mature investors seek to move away from plain vanilla investment strategies
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End Of US Oil Export Ban And Peak Winter Demand Price Positive For WTI Premium For over five years the oil market has been led to that believe Brent was the global proxy futures benchmark, more reflective of supply demand permutations around the world, as opposed to the West Texas Intermediate deem...
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Voltas's prospects factored into rich valuations as stock runs up Voltas trades at a rich valuation of about 20 times 2017-18 estimated earnings per share and has returned 21% in one year, when both the benchmark Sensex and BSE capital goods index have contracted
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2015: A terrible year for steel

livemint.com - 24 Dec 2015 21:26
2015: A terrible year for steel As the commodity story unravels, steel has been one of the worst affected, with falling ore prices exacerbating the impact
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Biocon shares get a leg up from hepatitis-C drug launch Biocon's shares rose 5.36% on BSE on Thursday, a move attributed to the announcement of launching Cimivir-L, a drug to treat hepatitis-C
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Corporate India facing weak operating environment: Mehul Sukkawala The credit analyst at Standard and Poor's says the delay in clearance of the goods and services tax is a reflection on the political environment and has implications on operating environment in India
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Year-End Tax Moves: Why Your Mail Provider Matters

Wall Street Journal - 24 Dec 2015 21:15
The year is ending, and so is the opportunity to make tax moves for 2015. Before you do, beware of subtleties in the tax rules that bring both opportunities and pitfalls.
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Three Beaten-Down Dividend Stocking Stuffers Bearing Gifts For 2016 And Beyond Going into Christmas 2015, some very high-quality stocks are trading at shrunken multiples and offering fat dividend yields to investors who are interested in long-term returns. Putting these stocks into your own portfol...
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DBV: A Biotech Stock to Sink Your Teeth Into

Wall Street Journal - 24 Dec 2015 20:21
This antiallergy biotech company has appetizing prospects.
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Gold prices ended the U.S. day session and a holiday-shortened trading week modestly higher Thursday.
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Oil continues recovery, dollar slips in quiet trade

livemint.com - 24 Dec 2015 19:54
Oil continues recovery, dollar slips in quiet trade Markets were subdued, with a number of major bourses closed entirely, while several other markets were set to close early for the Christmas holiday
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Daily Dividend Report: GPT, IHT

Forbes - 24 Dec 2015 18:58
Gramercy Property Trust (GPT) declared a pro-rata dividend for the period December 17, 2015 through December 31, 2015 in the amount of $0.0206 per common share. The pro-rata dividend is payable on January 15, 2016 to hol...
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Thursday's ETF with Unusual Volume: MORT

Forbes - 24 Dec 2015 18:55
The Mortgage REIT Income ETF (MORT) is seeing unusually high volume in afternoon trading Thursday, with over 75,000 shares traded versus three month average volume of about 30,000. Shares of MORT were up about 0.1% on th...
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Thursday's ETF Movers: GDXJ, REM

Forbes - 24 Dec 2015 18:53
In trading on Thursday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Silver Standard Resources (SSRI), up a...
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In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Shoe Carnival (SCVL), off about 3.4% and shares of Foot Locker (FL) down about...
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In trading on Thursday, shipping shares were relative leaders, up on the day by about 3.1%. Leading the group were shares of Dryships (DRYS), up about 38.4% and shares of Genco Shipping & Trading (GNK) up about 11.6% on ...
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S&P 500 Analyst Moves: COF

Forbes - 24 Dec 2015 18:49
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Capital One Financial (COF) is now the #111 analyst pick, moving up by 2 spots.
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Dow Analyst Moves: PG

Forbes - 24 Dec 2015 18:47
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Procter & Gamble (PG) is the #22 analyst pick. Within the broader S&P 500, w...
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Micron Technology’s woes continued in fiscal Q1 2016 (fiscal years end with August), and it looks like the company will not get any respite in the current quarter. This was clear in the company’s recent earnings rele...
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Two-Year U.S. Yield Rises Above 1%

Wall Street Journal - 24 Dec 2015 18:22
The yield on two-year U.S. government debt rose above 1% and approached a five-year high as investors shed holdings ahead of fresh debt supply in the coming week.
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