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Market News

Location American Market News for 3 February 2016

S&P Cuts Ratings of 10 U.S. Oil Companies

Wall Street Journal - 3 Feb 2016 01:09
Standard & Poor's Ratings Services cut the ratings of 10 U.S. oil and gas exploration and production companies, citing the sharp drop in crude oil prices.
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Tech Pain: Startups Are Buying Back a Lot More Employee Stock

Wall Street Journal - 3 Feb 2016 04:40
Public companies weren't the only ones buying back stock last year.
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'Madoff': Charmer, Egotist, Fiend, Swindler

Wall Street Journal - 3 Feb 2016 04:31
ABC's movie about Bernard Madoff depicts the Wall Street rogue as a master manipulator without a conscience who built his business on trust and used it against his unwitting investors.
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MetLife Profit Slides as Hedge-Fund Investments Falter

Wall Street Journal - 3 Feb 2016 23:33
MetLife's fourth-quarter earnings fell sharply, as it wrestled with tough economic conditions in many parts of the world, while low interest rates continued to work against insurers.
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FTIL-DGCX deal valuation sparks investor concern

livemint.com - 3 Feb 2016 23:20
FTIL-DGCX deal valuation sparks investor concern The transaction, announced last week, was done at a valuation of around $40 million, which means FTIL received $11 million for its 27.3% stake
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Shares of Buffalo Wild Wings wavered in after-hours trading on Wednesday.
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Activist Hedge Fund Orange Capital Shutting Down

Wall Street Journal - 3 Feb 2016 22:42
The activist hedge fund Orange Capital is shutting down, one of the first big shakeouts after a turbulent opening month for markets.
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Notable Wednesday Option Activity: BAC, XOM, CDNS Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Bank of America Corp. (NYSE: BAC), where a total of 606,048 contracts have traded so far, representing approxim...
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Top Buys by Directors: Tai's $249.2K Bet on LLY The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to tak...
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Wednesday Sector Leaders: Energy, Materials Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, up 2.2%. Within that group, Murphy Oil Corp (NYSE: MUR) and Spectra Energy Corp (NYSE: SE) are two la...
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Wednesday Sector Laggards: Healthcare, Financial The worst performing sector as of midday Wednesday is the Healthcare sector, showing a 1.1% loss. Within the sector, Illumina Inc (NASD: ILMN) and Endo International plc (NASD: ENDP) are two of the day's laggards, showin...
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Analysts Expect OEF To Hit $103

Forbes - 3 Feb 2016 21:46
Analysts Expect OEF To Hit $103 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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Analysts Expect XLI Will Reach $58

Forbes - 3 Feb 2016 21:43
Analysts Expect XLI Will Reach $58 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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DLF: land sale props up Q3 performance

livemint.com - 3 Feb 2016 21:21
DLF: land sale props up Q3 performance Adjusting for the land sale proceeds, the operating profit at Rs1,009 crore was barely 10% higher than a year back
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Latest Workers to Face Pension Woes: NFL Players

Wall Street Journal - 3 Feb 2016 21:21
The National Football League doesn't have enough money to cover future retirement benefits, but the league has been trying to close the funding gap.
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Noteworthy Wednesday Option Activity: VLO, AAPL, PFE Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Valero Energy Corp. (NYSE: VLO), where a total volume of 41,736 contracts has been traded thus far today, a...
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Look Under The Hood: USMV Has 11% Upside

Forbes - 3 Feb 2016 21:20
Look Under The Hood: USMV Has 11% Upside Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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Analysts Anticipate 29% Upside For XLE

Forbes - 3 Feb 2016 21:18
Analysts Anticipate 29% Upside For XLE Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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Q3 results: Dish TV sends a weak signal

livemint.com - 3 Feb 2016 21:17
Q3 results: Dish TV sends a weak signal Investors will closely monitor if the trends in subscriber additions and Arpu show signs of improvement
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Why an Oil Price Rally Is So Slippery

Wall Street Journal - 3 Feb 2016 21:14
Talk of positive political developments is keeping oil prices from sliding further. Don't forget fundamentals.
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US Presidential Election: Can 'Trumponomics' Win The Day? After Ted Cruz, the maverick Senator from Texas, dealt a dramatic blow to fellow Republican party nomination hopeful Donald Trump in the Iowa caucuses on Monday, could the New York billionaire still be in with a sho...
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We Did The Math XLF Can Go To $27

Forbes - 3 Feb 2016 20:58
We Did The Math XLF Can Go To $27 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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