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Market News

Location American Market News for 26 April 2016

First quarter M&A activity at its highest since 2012

livemint.com - 26 Apr 2016 17:29
First quarter M&A activity at its highest since 2012 The construction sector was the most active in terms of deal-making and accounted for 43% of the value of all the deals closed
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Diversified manufacturer 3M reported a higher-than-expected 6.6 percent rise in quarterly profit, helped by lower costs.
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Facebook: Why This Tech Giant Is Different

Wall Street Journal - 26 Apr 2016 23:37
Even amid high expectations, Facebook still offers a lot to like ahead of Wednesday's quarterly results.
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Chipotle Mexican Grill is expected to report its first-quarter results after the bell Tuesday.
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Panera beats Street 1Q forecasts

CNBC - 26 Apr 2016 22:49
SAINT LOUIS, Mo. _ Panera Bread Co. on Tuesday reported first-quarter net income of $35.1 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share. Eleven ana...
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Twitter on Tuesday posted mixed quarterly results and gave sales guidance that fell well short of Wall Street's expectations.
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Buffalo Wild Wings misses on forecasts

CNBC - 26 Apr 2016 22:19
On a per-share basis, the Minneapolis-based company said it had profit of $1.73.
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Sebi slapped with Rs75 crore service tax demand

livemint.com - 26 Apr 2016 22:01
Sebi slapped with Rs75 crore service tax demand The first notice came in March 2015 when the regulator had said it was exempt from the tax under the Sebi Act
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Banks Are Falling Back in Love With Mortgages

Wall Street Journal - 26 Apr 2016 21:29
U.S. banks are making more mortgage loans, and keeping the biggest mortgages on their books.
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Hindalco's Aditya Birla Minerals sale pleases investors The divestment of Aditya Birla Minerals will benefit Hindalco's consolidated profits
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Sebi seeks external help to frame rules for high frequency trading In 2015-16, HFT orders as percentage of overall orders in cash equity are up to 94%; in 2011-12, they were at 65%
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Parag Milk to launch IPO on 4 May to raise Rs300 crore Parag Milk has priced the offer in a band of Rs220-227 per equity share; the three-day offering will close on 6 May
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The journey of the India premium in the last two years The India premium in the markets is alive and well. Investors' faith in the ability of the present government to deliver remains robust
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Tuesday Sector Leaders: Energy, Materials

Forbes - 26 Apr 2016 20:33
Tuesday Sector Leaders: Energy, Materials In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 2.0%. Within that group, Southwestern Energy Company (NYSE: SWN) and Pioneer Natural Resources Co (NYSE: PXD) are two of the day's stand-o...
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Not Even Acquisition Justifies Cornerstone OnDemand's Valuation Companies with long histories of profit losses often attempt to sell investors on their plans to “reach scale.” But, what happens when a company reaches scale and profits remain elusive? Profitless since going public...
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China Unicom's Q1 Revenues Decline On Lower Product Sales And Recent Subscriber Losses China Unicom, the second largest Chinese wireless carrier, published its financial and operational indicators for Q1 2016 last week, posting a year-over-year decline in revenues and profitability, amid lower product sale...
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Tuesday 4/26 Insider Buying Report: NKE

Forbes - 26 Apr 2016 19:40
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.
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Advertising business constitutes nearly 40% of Viacom’s revenue. There is evidence that some of the big corporations are increasing their TV ad budgets. This, coupled with slight improvement in VH1’s ratings, could l...
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Noteworthy Tuesday Option Activity: UPS, AAPL, FB Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in United Parcel Service Inc (NYSE: UPS), where a total of 40,310 contracts have traded so far, representing approximat...
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The IBM board of directors today declared a regular quarterly cash dividend of $1.40 per common share, payable June 10, 2016 to stockholders of record as of May 10, 2016. Today's dividend declaration represents an increa...
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Tuesday's ETF with Unusual Volume: ARGT

Forbes - 26 Apr 2016 19:06
The MSCI Argentina ETF (ARGT) is seeing unusually high volume in afternoon trading Tuesday, with over 274,000 shares traded versus three month average volume of about 55,000. Shares of ARGT were up about 1.7% on the day.
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Can Beef Jerky Solve Hershey's Chocolate Problem? Hershey is pushing into snacks like dried meat bars in an attempt to drive growth.
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