Market News
Bullish Gold Still Far from 'Crowded Trade' After Record Jump
Forbes - 8 Apr 2016 23:25
Gold tends to do well when other assets do badly, but it does best when people lose faith in central banks, and central bankers have done all they can to unnerve investors so far this year. Fed downgrades, Eurozone QE, a...
Here Comes Another Tough Earnings Season, But Better Times Lie Ahead
Forbes - 8 Apr 2016 22:24
Companies in the S&P 500 are expected to report a 9.1% decline in quarterly profits.
Pfizer: Slim Down to Bulk Up the Stock
Wall Street Journal - 8 Apr 2016 21:12
With Allergan in the rearview mirror, Pfizer should move to break itself up.
Valeant's Debt-Deal Wrinkle: What It Says About Profits
Wall Street Journal - 8 Apr 2016 20:42
A part of Valeant's agreement with lenders suggests its own doubt about near-term earnings.
Friday Sector Leaders: Energy, Consumer Products
Forbes - 8 Apr 2016 20:32
Looking at the sectors faring best as of midday Friday, shares of Energy companies are outperforming other sectors, higher by 2.9%. Within that group, Range Resources Corp (NYSE: RRC) and Southwestern Energy Company (NYS...
How Did eBay Compare With Amazon On Same-Store-Sales Growth In March?
Forbes - 8 Apr 2016 20:12
eBay reported negative same-store-sales growth in March 2016 owing to declining marketplace sales, partially offset by growth in eBay Motors (parts and accessories) sales. In comparison, Amazon and Google Shopping report...
Wall Street's First Quarter Looks More Like a Dime
Wall Street Journal - 8 Apr 2016 20:08
Trading activity stayed weak in March, but shares of big banks still look cheap.
Daily Dividend Report: QCOM, SKT, FUL, RPM, RRD, NWN
Forbes - 8 Apr 2016 19:45
Qualcomm (QCOM) announced a quarterly cash dividend of $0.53 per common share, payable on June 22, 2016, to stockholders of record at the close of business on June 1, 2016. The new dividend rate, originally announced at ...
Friday's ETF with Unusual Volume: IPU
Forbes - 8 Apr 2016 19:38
The SPDR S&P International Utilities Sector ETF (IPU) is seeing unusually high volume in afternoon trading Friday, with over 509,000 shares traded versus three month average volume of about 46,000. Shares of IPU were up ...
Friday Sector Laggards: Apparel Stores, Biotechnology Stocks
Forbes - 8 Apr 2016 19:34
In trading on Friday, apparel stores shares were relative laggards, down on the day by about 1.7%. Helping drag down the group were shares of Boot Barn Holdings (BOOT), down about 15.7% and shares of Gap (GPS) off about ...
Samsung's Preliminary Q1 Numbers Likely Driven By Strong S7 Sales, Better Cost Management
Forbes - 8 Apr 2016 19:34
Samsung Electronics published a relatively strong set of preliminary Q1 2016 earnings, indicating that its operating profit likely grew by about 10% year over year to 6.6 trillion won ($5.7 billion), while revenues likel...
Friday Sector Leaders: Precious Metals, Shipping Stocks
Forbes - 8 Apr 2016 19:33
In trading on Friday, precious metals shares were relative leaders, up on the day by about 4.4%. Leading the group were shares of Almaden Minerals (AAU), up about 14% and shares of Alexco Resource (AXU) up about 13.7% on...
S&P 500 Analyst Moves: TJX
Forbes - 8 Apr 2016 17:47
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, TJX Companies (TJX) is now the #64 analyst pick, moving up by 2 spots.
Notable Friday Option Activity: AVAV, TSRO, GOOG
Forbes - 8 Apr 2016 17:28
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in AeroVironment, Inc. (NASD: AVAV), where a total of 1,161 contracts have traded so far, representing approximate...
Market Boosted By Oil Prices Early, with Fed Speakers, Earnings Ahead
Forbes - 8 Apr 2016 17:27
What can the markets do for an encore after falling out of bed on Thursday? Follow the oil, it seems.
Japan posts current account surplus for 20th straight month
livemint.com - 8 Apr 2016 17:11
The excess in the widest measure of the nation's trade was 2.43 trillion yen ($22.4 billion) in February, the biggest surplus since March last year
FXI, LABU: Big ETF Outflows
Forbes - 8 Apr 2016 16:48
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares China Large-Cap ETF (FXI), where 3,300,000 units were destroyed, or a 2.3...
XOP, DYLS: Big ETF Inflows
Forbes - 8 Apr 2016 16:47
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which added 10,850,000 units, or ...
Friday 4/8 Insider Buying Report: ISD, GHY
Forbes - 8 Apr 2016 16:41
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Nasdaq 100 Movers: BBBY, ULTA
Forbes - 8 Apr 2016 16:24
In early trading on Friday, shares of Ulta Salon Cosmetics & Fragrance (ULTA) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.5%. Year to date, Ulta Salon Cosmetics & Fragran...
S&P 500 Movers: GPS, UA
Forbes - 8 Apr 2016 16:22
In early trading on Friday, shares of Under Armour (UA) topped the list of the day's best performing components of the S&P 500 index, trading up 99.0%. Year to date, Under Armour has lost about 45.7% of its value.
Dow Movers: NKE, CVX
Forbes - 8 Apr 2016 16:14
In early trading on Friday, shares of Chevron (CVX) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.8%. Year to date, Chevron registers a 7.2% gain.