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Market News

Location American Market News for 29 April 2016
To Hire A Million People A Month, Look At The Apparel Sector: Report South Asia will have nearly one million job seekers every month for the next three decades. One area of potential employment for them is the apparel industry, says the World Bank in a new report.
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Ex-Dividend Reminder: Discover Financial Services, Macerich and Opus Bank Irvine Looking at the universe of stocks we cover at Dividend Channel, on 5/3/16, Discover Financial Services (NYSE: DFS), Macerich Co. (NYSE: MAC), and Opus Bank Irvine (NASD: OPB) will all trade ex-dividend for their respecti...
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China's Banks Face Bad-Loan Pinch

Wall Street Journal - 29 Apr 2016 05:34
Chinese banks' precarious balance of provisioning just enough for bad loans while keeping profits flat won't last much longer.
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Intersil is Oversold

Forbes - 29 Apr 2016 22:01
Intersil is Oversold 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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Thyrocare IPO gets subscribed 73 times

livemint.com - 29 Apr 2016 21:21
Thyrocare IPO gets subscribed 73 times Retail investors and high net-worth individual investors bid for 8.45 times and 225.3 times the number of shares reserved for them in IPO, respectively
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Friday Sector Leaders: Utilities, Consumer Products Looking at the sectors faring best as of midday Friday, shares of Utilities companies are outperforming other sectors, losing just 0.5%. Within the sector, Pinnacle West Capital Corp. (NYSE: PNW) and AGL Resources Inc. (...
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Noteworthy Friday Option Activity: GOOGL, CMG, TGT Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (NASD: GOOGL), where a total of 27,272 contracts have traded so far, representing approximately 2.7 mil...
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Tortoise Talk

Forbes - 29 Apr 2016 20:34
Tortoise Talk Tortoise Talk An Energy Value Chain Overview and Outlook As we closed out the first quarter of 2016, a production freeze proposed by the Organization of the Petroleum Exporting Countries (OPEC) created some optimism abou...
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Sprint , the smallest of the four U.S. national wireless carriers, is expected to publish its fiscal Q4 earnings on May 3. We expect the carrier’s results to be driven by its recent postpaid phone subscriber adds, impr...
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Western Digital Earnings: Low Shipments Across Divisions Weigh On Results Hard drive manufacturer Western Digital reported its fiscal third quarter 2016 earnings on April 28, reporting a 21% year-over-year decline in net revenues to $2.82 billion. (Fiscal years end with June.)  Both revenue a...
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Big Oil, Big Mistake: Investors Overpay for Income at Exxon

Wall Street Journal - 29 Apr 2016 20:08
Both Exxon Mobil and Chevron had their worst results in well over a decade. But their share prices are defying gravity in part because of big oil's perceived stability.
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Friday's ETF with Unusual Volume: IGN

Forbes - 29 Apr 2016 19:40
The iShares North American Tech-Multimedia Networking ETF (IGN) is seeing unusually high volume in afternoon trading Friday, with over 553,000 shares traded versus three month average volume of about 96,000. Shares of IG...
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Friday's ETF Movers: GDX, BBH

Forbes - 29 Apr 2016 19:38
In trading on Friday, the Gold Miners ETF (GDX) is outperforming other ETFs, up about 4.5% on the day. Components of that ETF showing particular strength include shares of Yamana Gold (AUY), up about 8.1% and shares of S...
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In trading on Friday, precious metals shares were relative leaders, up on the day by about 3.9%. Leading the group were shares of Asanko Gold (AKG), up about 9.9% and shares of HudBay Minerals (HBM) up about 9.1% on the ...
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Notable Friday Option Activity: BIIB, COST, INTC Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Biogen Inc (NASD: BIIB), where a total of 8,289 contracts have traded so far, representing approximately 828,900 und...
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FIA president: 'We need more electric cars' There are no defined lanes for the rush-hour traffic that rumbles across the Place de La Concorde in Paris, instead there is a cacophony of angry car horns and impatient engines.
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Tempering A Crude Rally: Why Oil Is Well Above $45 But May Not Stay There Just as the Doha talks – between OPEC and non-OPEC oil producers failed on 17 April – production outages around the planet clobbered those betting on a nosedive in futures prices to $35 per barrel as the exact opposi...
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By Antonita Madonna
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S&P 500 Analyst Moves: RHT

Forbes - 29 Apr 2016 17:46
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Red Hat (RHT) is now the #32 analyst pick, moving up by 1 spot.
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RSI Alert: Public Storage Now Oversold

Forbes - 29 Apr 2016 17:45
RSI Alert: Public Storage Now Oversold 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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Seagate Technology Enters Oversold Territory 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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Starbucks Becomes Oversold

Forbes - 29 Apr 2016 17:44
Starbucks Becomes Oversold 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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