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Market News

Location American Market News for 7 March 2016

U.S. Disrupts China's Technology Plans

Wall Street Journal - 7 Mar 2016 09:25
A possible U.S. export ban on components destined for Chinese tech giant ZTE shows how reliant China remains for foreign hardware.
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S&P 500 Analyst Moves: LLY

Forbes - 7 Mar 2016 18:51
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Eli Lilly & Co. (LLY) is now the #70 analyst pick, moving up by 4 spots.
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In trading on Monday, oil & gas exploration & production shares were relative leaders, up on the day by about 7.2%. Leading the group were shares of Linn Company LLC (LNCO), up about 92.8% and shares of EP Energy Corpora...
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Shake Shack reported quarterly earnings and revenue that beat analysts' expectations on Monday.
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These days, when discussing the future of consumer spending in China with executives, the most common question they ask is how fast will it grow, and how much of it will be drive by e-commerce.    And the one term get...
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Alexandria Real Estate Equities (ARE) declared a quarterly cash dividend of 80 cents per common share for the first quarter of 2016. The dividend is payable on April 15, 2016, to shareholders of record on March 31, 2016....
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Monday's ETF with Unusual Volume: ITOT

Forbes - 7 Mar 2016 22:18
The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is seeing unusually high volume in afternoon trading Monday, with over 2.3 million shares traded versus three month average volume of about 320,000. Shares of ITOT ...
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Top Buys by Directors: Bonney's $206K Bet on CELG 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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The Problem With the World's Most Obvious Trade

Wall Street Journal - 7 Mar 2016 22:07
This week should provide the perfect opportunity for betting on a stronger dollar, but not so fast.
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In trading on Monday, defense shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Arotech Corporation (ARTX), down about 3% and shares of Harris Corporation (HRS) down...
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Monday Sector Laggards: Consumer Products, Financial The worst performing sector as of midday Monday is the Consumer Products sector, showing a 0.4% loss. Within the sector, Constellation Brands Inc (NYSE: STZ) and Nike (NYSE: NKE) are two of the day's laggards, showing a ...
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Monday Sector Leaders: Energy, Materials

Forbes - 7 Mar 2016 21:51
Monday Sector Leaders: Energy, Materials The best performing sector as of midday Monday is the Energy sector, up 2.7%. Within that group, Murphy Oil Corp (NYSE: MUR) and Southwestern Energy Company (NYSE: SWN) are two large stocks leading the way, showing a gai...
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Oil Prices Lifted by Supply-Cut Hopes, U.S. Growth Outlook

Wall Street Journal - 7 Mar 2016 21:41
Oil prices surged Monday on hopes that major producers would agree to freeze supply and as positive U.S. economic data fueled optimism about robust demand.
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Bharat Forge: outlook grim as global truck makers trim growth forecast Despite its diversification into non-auto businesses, over half of Bharat Forge's fortunes are dependent on the commercial vehicles industry
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Iron Ore Soars on Expectation of China Stimulus

Wall Street Journal - 7 Mar 2016 20:59
The price of iron ore jumped by almost 20% as investors bet China will stimulate its economy and buoy demand for this key steelmaking ingredient.
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Moment of Truth Arrives for Dick's Sporting Goods

Wall Street Journal - 7 Mar 2016 20:59
How Dick's Sporting Goods benefits from Sports Authority's bankruptcy filing will help determine whether shares can bounce back from a difficult 12 months.
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ITG Continues Negative Slant On Netflix
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No immediate relief in sight for ONGC

livemint.com - 7 Mar 2016 20:53
No immediate relief in sight for ONGC Shares of ONGC still haven't recovered from the blow they received after the budget speech
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Will rally in sugar shares leave a bitter aftertaste? Shares of sugar mills are reaching new highs every other day with no specific news supporting the gains. Are investors riding their luck too far?
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Sebi may peg M&A 'control' cap at 25%

livemint.com - 7 Mar 2016 20:45
Sebi may peg M&A 'control' cap at 25% Regulator's move is aimed at removing ambiguities that companies confront during takeovers
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Even Central Banks Are Unsure About Negative Interest Rates A coalition of central banks is raising questions about whether negative interest rates will actually work.
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We Did The Math XLV Can Go To $82

Forbes - 7 Mar 2016 14:27
We Did The Math XLV Can Go To $82 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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