Market News
OPEC Members Defend Oil Output Strategy
Wall Street Journal - 27 Jan 2016 04:54
Some of OPEC's key players defended their strategy of keeping the taps wide open, saying Tuesday that they are bracing for low oil prices to continue--perhaps until the end of the decade, by one estimate.
Mutual-Fund Fees Tumble Toward Zero
Wall Street Journal - 27 Jan 2016 04:41
Expenses charged to some investors have fallen sharply, boosting returns. But 'loss leader' mutual funds and ETFs also carry risks.
Asian Shares Mixed, as China Extends Losses
Wall Street Journal - 27 Jan 2016 04:30
China shares dropped in early trading Wednesday, extending yesterday's plunge, as investors worried that Beijing is stepping back from supporting its stock markets.
Qualcomm gives weak guidance on weak chip demand
CNBC - 27 Jan 2016 23:58
Qualcomm's gives weak guidance fell as demand for its mobile device chips declined amid stiff competition from rivals.
EBay fails to post revenue growth in holiday quarter
CNBC - 27 Jan 2016 23:48
EBay reported no growth in revenue in the holiday quarter, during which it faced intense competition from bigger e-commerce rival Amazon.com.
Why the Fed Has the Stock Market Spooked
Wall Street Journal - 27 Jan 2016 23:32
That the Federal Reserve may still raise rates this year amid a profits recession shows U.S. corporate performance is no longer a clear indicator of the domestic economy's strength.
PayPal earnings: 36 cents per share, a penny beat
CNBC - 27 Jan 2016 23:13
PayPal reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.
Caterpillar May Stay Stuck in the Mud
Wall Street Journal - 27 Jan 2016 22:39
With Caterpillar set to report fourth-quarter results and the stock trading at a 5½-year low, there is little reason for investors to catch a falling knife.
Fed Turns Down Hawkish Rhetoric, Notes Stock Market Turmoil
Forbes - 27 Jan 2016 22:17
Stocks nosed higher then turned choppy, while Treasury yields fell and the dollar weakened after the Federal Reserve conceded that U.S. economic growth has slowed and inflation remains quiet.
Godrej Consumer's sales growth skids in Q3
livemint.com - 27 Jan 2016 22:09
In the December quarter, the company's sales grew by only 5.7%, hit by price cuts to pass on lower input costs
Why Colgate's strong show failed to impress
livemint.com - 27 Jan 2016 22:02
Here's why shares of Colgate-Palmolive lost 1.43% on Wednesday, despite the company reporting healthy earnings for the December quarter
US Fed leaves interest rates unchanged, watching global developments
livemint.com - 27 Jan 2016 21:43Wednesday Sector Leaders: Materials, Energy
Forbes - 27 Jan 2016 21:37
Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, up 1.1%. Within the sector, Freeport-McMoran Copper & Gold (NYSE: FCX) and CONSOL Energy Inc (NYSE...
Noteworthy Wednesday Option Activity: BA, XLNX, JNPR
Forbes - 27 Jan 2016 21:33
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Boeing Co. (NYSE: BA), where a total of 77,929 contracts have traded so far, representing approximately 7.8 million ...
Cautious Fed Keeps March Rate Hike In Play, Stocks Slide
Forbes - 27 Jan 2016 21:28
Following a two day meeting of the Federal Open Market Committee, the central bank's team of policy makers did not touch the benchmark federal-funds rate.
Gold Sees Modest Boost, Hits Nearly 3-Month High, After Mildly Dovish FOMC Statement
Forbes - 27 Jan 2016 21:27
Gold prices moved from modestly lower to modestly higher in the wake of a mildly dovish FOMC statement issued early Wednesday afternoon.
The Federal Reserve Ignores Financial Markets
Forbes - 27 Jan 2016 21:26
The Federal Reserve's announcement of its decision to leave monetary policy unchanged said nothing about stock market and commodity market volatility. And that speaks volumes.
Bad News For Stocks As Sovereign Wealth Funds Feel Pinch Of Cheap Oil
Forbes - 27 Jan 2016 21:14
The combined selling from the sovereign wealth reserves from all of the oil producing nations can constitute significant selling pressure in all sectors of global stock and bond markets.
Strong Holiday Season To Drive Electronic Arts' Q3 2016 Top-line Growth
Forbes - 27 Jan 2016 21:00
Electronic Arts (NASDAQ: EA) is scheduled to report its Q3 2016 earnings report on January 28th. After a tremendous year with excellent financial results, the company is confident of its Q3 results. However, the high...
Lockheed Martin Earnings: Record Sales Drive Earnings This Quarter
Forbes - 27 Jan 2016 20:58
Lockheed Martin (NYSE: LMT) performed solidly in the fourth quarter, soundly beating consensus estimates. About 80% of all the company’s revenues come from defense contracts, and the company has considerable momentum, ...
Currency Headwinds Likely Affected Abbott's Results In Q4'15, Though Margin Improvements Seen
Forbes - 27 Jan 2016 20:56
Leading medical device maker Abbott Laboratories is scheduled to report its Q4'15 earnings on January 28th. The company's revenues in 2015 have been largely affected by currency headwinds throughout the year. However, Ab...
Amazon Poised To Deliver Robust Q4 2015 Results
Forbes - 27 Jan 2016 20:54
Amazon is scheduled to report its financial results for the fourth quarter on Thursday, January 28th. Notwithstanding the 10% fall in its stock price since the start of this year, Amazon has given investors enough to che...