Market News
Volatility Stretches to New Day on Wall Street
Forbes - 5 Jan 2016 16:48
U.S. stocks pointed to a second day of volatile, but ultimately lower, action after Monday’s slide marked the worst start to a trading year in about a decade, according to market historians. On Tuesday, Asian markets c...
Mall Owners, Retailers Bullish on Debt-Ridden Puerto Rico
Wall Street Journal - 5 Jan 2016 16:35
Puerto Rico's government is struggling to pay its bills. But mall owners and retailers are betting that consumers on the island will keep on spending.
Asian Markets Regain Footing as Chinese Regulators Calm Nerves
Wall Street Journal - 5 Jan 2016 05:49
Shares in Asia steadied in early trading, after China's stock regulator moved to calm investor nerves following steep losses on the first trading day of the year, which sparked a global selloff.
Pressure Grows on Saudi Arabia to Ditch Dollar Peg
Wall Street Journal - 5 Jan 2016 23:37
The prolonged rout in oil has left Saudi Arabia's longstanding peg of its currency to the dollar at its most vulnerable point in more than a decade.
Puerto Rico Aims to Solve Its Affordable-Housing Crisis
Wall Street Journal - 5 Jan 2016 23:05
Puerto Rico's Department of Housing is launching a trial program that is going to be using an affordable-housing tool that has been effective in other parts of the U.S. for years.
Gold Sees Modest Follow-Through Buying Following Monday's Gains
Forbes - 5 Jan 2016 22:41
Gold prices ended the U.S. day session modestly higher Tuesday. Some more safe-haven buying and short covering in the futures market were featured, following decent gains posted Monday.
J.P. Morgan Fires KCG Holdings as Its NYSE Market Maker
Wall Street Journal - 5 Jan 2016 22:17
J.P. Morgan Chase has replaced KCG, its market maker on the floor of the New York Stock Exchange, with Virtu Financial, according to a trader notice sent out from the exchange.
Fed May Find It Tough to Buck the Dollar
Wall Street Journal - 5 Jan 2016 22:05
The debate over exchange rates and sluggish manufacturing activity should garner plenty of attention in Wednesday's release of the Fed's meeting minutes.
Daily Dividend Report: SE, DDR, ALG, DUK, CMRE, OZRK
Forbes - 5 Jan 2016 21:38
Spectra Energy (SE) has announced a 14-cent increase in its annual dividend to $1.62 per share, or $0.405 on a quarterly basis. The dividend is payable on March 8, 2016, to shareholders of record at the close of business...
Tuesday Sector Laggards: Energy, Materials
Forbes - 5 Jan 2016 21:33
Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are underperforming other sectors, showing a 0.5% loss. Within the sector, Diamond Offshore Drilling, Inc. (NYSE: DO) and Transocean Lt...
Tuesday Sector Leaders: Utilities, Healthcare
Forbes - 5 Jan 2016 21:32
Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, up 0.6%. Within the sector, NRG Energy Inc (NYSE: NRG) and NiSource Inc. (NYSE: NI) are two large st...
Tuesday's ETF with Unusual Volume: KXI
Forbes - 5 Jan 2016 21:24
The iShares Global Consumer Staples ETF (KXI) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. Shares of KXI were trading fl...
Notable Tuesday Option Activity: MON, BBY, REGN
Forbes - 5 Jan 2016 21:22
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Monsanto Co. (NYSE: MON), where a total volume of 29,866 contracts has been traded thus far today, a contra...
Could Coal India become a victim of its own success?
livemint.com - 5 Jan 2016 21:12Here's What Baidu Can Look Forward To In 2016
Forbes - 5 Jan 2016 20:58
2015 has been an eventful year for Baidu With the management putting a plan in place for building a "New Baidu," its alliance with Amazon to be the default search engine for Amazon's Kindle and Fire tablet in China, test...
Yahoo Screen Goes Blank: Is This The First Casualty In A Broader Restructuring Program?
Forbes - 5 Jan 2016 20:56
Yahoo now plans to move the video properties of "Yahoo Screen" to its digital magazines, thus allowing users to discover complementary content in one place. Visitors to "Yahoo Screen" are being redirected to its home pag...
FedEx Jet Fleet Pressured by Weather, While UPS Keeps on Trucking
Forbes - 5 Jan 2016 20:54
FedEx and UPS have had a lot on their plates these past few weeks as yet another holiday season came to an end. Despite the immense preparations for a quarter that witnessed ?record numbers? of packages, the shipping com...
Square Fails To Create Shareholder Value With Current Business Model
Forbes - 5 Jan 2016 20:40
Recent IPO Square (SQ), despite its noble cause of providing payment solutions for small to medium businesses, looks like a dangerous stock with questionable non-GAAP accounting, non-competitive business models, and an e...
Keep An Eye On Gold, Oil, And Airlines In 2016
Forbes - 5 Jan 2016 20:37
I’d like to look ahead and pinpoint three asset classes that I believe hold opportunities for investors. Gold Going forward, gold prices will largely be affected by U.S. monetary policy. The Federal Reserve began its i...
Noteworthy Tuesday Option Activity: BRCM, TWX, FSLR
Forbes - 5 Jan 2016 20:30
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Corp. (NASD: BRCM), where a total of 50,986 contracts have traded so far, representing approximately 5.1 mi...
Eli Lilly: Why Earnings Guidance Takes a Back Seat
Wall Street Journal - 5 Jan 2016 20:15
Eli Lilly's weak guidance didn't ding the stock. That highlights much is riding on its pipeline.
Stocks Can Rise Even As Interest Rates Go Up
Forbes - 5 Jan 2016 20:10
The first trading day of 2016 got off to a rotten start, as investors worried about many things including, of course, interest rates. In the immediate term, rate worries are understandable. All we’ve heard for 30-plus ...