Market News
China Widens Foreign Access to Bond Purchases
Wall Street Journal - 24 Feb 2016 16:35
China said it would make it easier for foreign institutional investors to buy bonds issued in the country, a fresh step intended to drive demand for the yuan.
This Cash Rich Macau Casino Does Little for Investors
Wall Street Journal - 24 Feb 2016 04:38
SJM, Macau's worst performing casino stock, has oodles of cash, but by cutting dividends, any reason to own the stock is fading.
S&P 500 Earnings: Far Worse Than Advertised
Wall Street Journal - 24 Feb 2016 23:58
With companies asking for investors to ignore the bad stuff, the gap between reported and pro forma earnings last year reached its widest level since the financial crisis.
Cybersecurity Stocks: Where's the Urgency?
Wall Street Journal - 24 Feb 2016 23:18
Spending on security tech is expected to be less intense this year, stinging a once-hot sector
Etsy: No Bargain in This Marketplace
Wall Street Journal - 24 Feb 2016 22:46
Etsy's fourth-quarter results beat expectations. But it will struggle to overcome rising marketing costs.
For Chesapeake Energy, Hope Is the Strategy
Wall Street Journal - 24 Feb 2016 22:44
Chesapeake Energy shares continued a recent surge as recent cash-conserving steps have likely pushed liquidity concerns out to next year at the earliest.
Argentina, Hedge Funds Move Closer to Reaching Deal
Wall Street Journal - 24 Feb 2016 22:42
Argentina and hedge funds that are owed $1.8 billion over the country's defaulted debt moved closer to reaching a deal that would pay those hedge funds $5 billion, according to a person close to the matter.
Man Group Profit Falls, Ready to Make Deals
Wall Street Journal - 24 Feb 2016 22:18
The U.K. hedge-fund firm reported pretax profit in 2015 fell 17% on lower performance fees and higher compensation costs, and said it may spend money on acquisitions rather than share buybacks.
Splunk Stock Goes Splat
Wall Street Journal - 24 Feb 2016 21:42
Big-data firm Splunk's coming earnings report likely won't change the stock's downward trend.
Wednesday Sector Leaders: Energy, Technology & Communications
Forbes - 24 Feb 2016 21:35
Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, up 0.9%. Within that group, Chesapeake Energy Corp. (NYSE: CHK) and Marathon Petroleum Corp. (NYSE: M...
Noteworthy Wednesday Option Activity: MCHP, GS, FB
Forbes - 24 Feb 2016 21:28
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in MicroChip Technology, Inc. (NASD: MCHP), where a total volume of 12,536 contracts has been traded thus far ...
Gold Rallies Amid Wobbly World Stock Markets; Safe-Haven Demand Featured
Forbes - 24 Feb 2016 21:24
Gold prices ended the U.S. day session solidly higher Wednesday, on follow-through technical and safe-haven buying following Tuesday's decent gains.
Daily Dividend Report: DHR, ETN, CNK, CP, MRK, DE, CTL, TXT
Forbes - 24 Feb 2016 21:08
Danaher (DHR) has approved a regular quarterly dividend of $0.16 per share payable on April 29, 2016 to holders of record on March 25, 2016.
Wednesday's ETF with Unusual Volume: RYU
Forbes - 24 Feb 2016 21:00
The Guggenheim S&P 500 Equal Weight Utilities ETF (RYU) is seeing unusually high volume in afternoon trading Wednesday, with over 145,000 shares traded versus three month average volume of about 32,000. Shares of RYU wer...
Wednesday's ETF Movers: GDXJ, KRE
Forbes - 24 Feb 2016 20:59
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 4.3% on the day. Components of that ETF showing particular strength include shares of Dundee Precious Metals (DPM.CA), up a...
Kengeter to Be CEO of Combined LSE-Deutsche Börse
Wall Street Journal - 24 Feb 2016 20:58
Deutsche Börse AG Chief Executive Carsten Kengeter will lead the new company that will be created by a merger with London Stock Exchange Group PLC.
Wednesday Sector Laggards: Shipping, Water Utilities
Forbes - 24 Feb 2016 20:57
In trading on Wednesday, shipping shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Golden Ocean Group (GOGL), down about 13.7% and shares of Matson (MATX) down abou...
Relaxing the fiscal deficit target for FY17 will affect bond market
livemint.com - 24 Feb 2016 20:55
A fiscal deficit wider than 3.5% of gross domestic product for FY17 may lead to higher yields on government bonds
Wednesday Sector Leaders: Precious Metals, Oil & Gas Refining & Marketing Stocks
Forbes - 24 Feb 2016 20:55
In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Golden Star Resources (GSS), up about 18.9% and shares of Platinum Group Metals (PLG) u...
Will Ashok Leyland's valuation improve with budget sops?
livemint.com - 24 Feb 2016 20:53
The Street seems to be betting that the government may announce incentives for scrapping old trucks. Will this trigger a rally in the Ashok Leyland stock?
On The Rocky Road With High Intensity Players
Forbes - 24 Feb 2016 20:51
Reviewing 4 major operators starting with Icahn and moving down to Glenview Capital Management, Paulson and Pershing Square my impression is nobody is changing his spots. Aggressive players still prefer one-off investmen...
First Solar Q4 Review: Lower Costs Drive Earnings Beat
Forbes - 24 Feb 2016 20:51
First Solar , the largest U.S. solar equipment manufacturer, published a better than expected set of Q4 2015 results, driven by strong project execution as well as lower per watt module and balance of systems costs. Belo...