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Market News

Location American Market News for 27 April 2016

Thyrocare IPO gets 56% bids on Day 1

livemint.com - 27 Apr 2016 23:28
Thyrocare IPO gets 56% bids on Day 1 The retail investors category received 101% or 1.01 times the subscription
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Solar panel maker First Solar posted a quarterly profit, helped by higher revenue from the sale of a large California solar plant.
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H&R Block stock sinks as tax-return volume declines.
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Fed Maintains 'Hovish' Stance But More Rate Hikes Expected in 2016 Based on outtakes from the Federal Open Market Committee meetings, I believe that there will be two--potentially three--additional rate hikes of 25 basis points in 2016, with the next hike likely taking place in June and...
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Takeaways From Apple's Earnings Miss

Forbes - 27 Apr 2016 21:48
Takeaways From Apple's Earnings Miss Apple published its Q2 FY’16 earnings on Tuesday, posting a larger than expected decline in revenues and earnings, amid falling iPhone shipments (down 16% year-over-year), weak sales in greater China (down 26%), curren...
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The banking elephant and the insurance whale

livemint.com - 27 Apr 2016 21:22
The banking elephant and the insurance whale At the end of December, LIC's gross NPAs as percentage of its debt portfolio stood at 4.23% compared with SBI's 5.1%
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Valeant Pharmaceuticals And Bill Ackman Have Their Day In Washington Fresh off one of the biggest Wall Street drubbings in recent memory, Valeant Pharmaceuticals is in to Washington to defend itself against accusations the company is little more than a price-gouging, drug industry hedge f...
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The Fed and Rates: Why a June Increase Isn't Off the Table

Wall Street Journal - 27 Apr 2016 21:16
The Federal Reserve's task now is to gently prepare markets for a June rate increase.
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High temperatures, drought raise electricity demand

livemint.com - 27 Apr 2016 21:01
High temperatures, drought raise electricity demand The rising demand has helped improve thermal power plant utilization levels, which expanded 3.5 percentage points last month
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Notable Wednesday Option Activity: SWKS, XOM, VZ Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Skyworks Solutions, Inc. (NASD: SWKS), where a total volume of 12,420 contracts has been traded thus far to...
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Gold Firmer But Off Daily Highs, In Wake of FOMC Statement Gold prices were modestly higher in early afternoon U.S. trading Wednesday, following the much-anticipated FOMC statement that was deemed mostly neutral.
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Fed Still Content To Crawl Toward Higher Interest Rates, Gives Few Clues At their meeting that concluded Wednesday, Fed policy-makers again voted against raising the central bank's benchmark interest rate.
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US Fed keeps rates unchanged, signals faith in US economy Fed's policy-setting committee said the labour market had improved further despite a recent economic slowdown and it was keeping a close eye on inflation
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Apple approved an increase of 10 percent to the Company's quarterly dividend, and has declared a dividend of $.57 per share, payable on May 12, 2016 to shareholders of record as of the close of business on May 9, 2016.
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Wednesday's ETF with Unusual Volume: ICLN

Forbes - 27 Apr 2016 19:37
The iShares Global Clean Energy ETF (ICLN) is seeing unusually high volume in afternoon trading Wednesday, with over 107,000 shares traded versus three month average volume of about 30,000. Shares of ICLN were up about 1...
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Wednesday's ETF Movers: XME, IYW

Forbes - 27 Apr 2016 19:36
In trading on Wednesday, the SPDR S&P Metals and Mining ETF (XME) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Cliffs Natural Resources (CLF)...
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In trading on Wednesday, agriculture & farm products shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Origin Agritech (SEED), off about 8.7% and shares of CVR Partn...
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In trading on Wednesday, oil & gas exploration & production shares were relative leaders, up on the day by about 4%. Leading the group were shares of Legacy Reserves (LGCY) up about 21.3% on the day.
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Top Buys by Directors: Paull's $143.9K Bet on CP 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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Boston Scientific rose after the firm reported better-than-expected quarterly results.
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Chipotle Mexicang Grill shares were lower on Wednesday after the company posted its first ever quarterly loss.
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Relative Strength Alert For Apple

Forbes - 27 Apr 2016 17:34
Relative Strength Alert For Apple The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
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