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Market News

Location American Market News for 3 May 2016
SUV And Truck Sales Are Driving U.S. Auto Sales Higher Ford and Fiat Chrysler posted sales gains in April as shoppers continue to clamor for heavy-duty rides.
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Godrej Consumer: using lower costs to drive sales growth GCPL's household insecticides business saw good growth at 10% and its hair colour business grew by 7%
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TVS Motor disappoints on margins in Q4

livemint.com - 3 May 2016 21:10
TVS Motor disappoints on margins in Q4 The gains from the commodity prices fall seem to be over for now
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Sebi's new view on settlements may resolve old cases such as RIL's Sebi likely to allow most capital market infractions to be settled under the consent mechanism where a fine is paid without any admission of wrongdoing
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Tuesday Sector Leaders: Healthcare, Utilities In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, not showing much of a loss. Within that group, Endo International plc (NASD: ENDP) and Alexion Pharmaceuticals Inc. (NASD: ALXN) are two ...
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Apple: What Will Make the Stock Tick Again

Wall Street Journal - 3 May 2016 20:26
As Apple's recent share-price travails show, the tech giant needs to be about more than just the iPhone. But the company faces challenges in trying to diversify its business. In that regard, the performance of the Apple ...
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Noteworthy Tuesday Option Activity: PPL, PVH, AAPL Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PPL Corp (NYSE: PPL), where a total volume of 61,672 contracts has been traded thus far today, a contract v...
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Tesla Is Heading Straight for a Speed Trap

Wall Street Journal - 3 May 2016 20:17
On the supposed long-term road to success, Tesla bulls face a harsh short-term reality, likely evident in Wednesday's quarterly results.
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Baxter International (BAX) has declared a 13 percent increase in the company's quarterly dividend rate, from the previous rate of $0.115 per Baxter common share to $0.13 per share. The dividend is payable on July 1, 2016...
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Complacency in Uncharted Waters

Forbes - 3 May 2016 19:47
Complacency in Uncharted Waters When the four living Chairs of the Federal Reserve gathered in New York recently for a roundtable discussion, it was a mostly dry affair. There were several lighter moments, however, including one that was unintentionall...
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Ahead of IPO, Parag Milk Foods raises Rs343 crore from anchor investors Parag Milk Foods allotted shares to anchor investors at Rs227 apiece, the upper end of price band fixed for initial public offering starting Wednesday
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After tasting the initial success of its turnaround strategy, McDonald’s is now working on several initiatives aimed at enhancing customer experience to drive revenue growth in the future. The company reported a 6.2% i...
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Top Buys by Directors: De Sole's $200K Bet on NWL 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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Tuesday's ETF Movers: FPE, XME

Forbes - 3 May 2016 18:56
In trading on Tuesday, the First Trust Preferred Securities and Income ETF (FPE) is outperforming other ETFs, down about 0.1% on the day. Components of that ETF showing particular strength include shares of Maiden Holdin...
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In trading on Tuesday, oil & gas exploration & production shares were relative laggards, down on the day by about 5.5%. Helping drag down the group were shares of Pacific Drilling (PACD), off about 22.3% and shares of Le...
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In trading on Tuesday, rubber & plastics shares were relative leaders, up on the day by about 0.3%. Leading the group were shares of Rayonier Advanced Materials (RYAM), up about 29.1% and shares of Rogers Corp. (ROG) up ...
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Weak quarter weighs on AIG shares

CNBC - 3 May 2016 18:30
AIG fell nearly 2 percent after the company reported weaker-than-expected quarterly earnings.
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Why Pfizer Is Loving the Weak Dollar

Wall Street Journal - 3 May 2016 18:12
Pfizer shareholders can finally count the dollar as a friend instead of foe.
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US stocks drop to 3-week low, treasuries rally on growth woes Corporate earnings are adding to the gloom, with analysts predicting an 8% decline in profits for companies in the S&P 500 Index
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OnDeck's Tumble: Can Online Lenders Handle a Downturn?

Wall Street Journal - 3 May 2016 18:05
OnDeck shares fell sharply after the company had difficulty selling loans to investors in the first quarter.
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Kotak Mahindra surpasses ICICI Bank in market valuation Kotak Mahindra's market capitalisation stood at Rs1,29,963.14 crore, which is about Rs1,244.92 crore more than ICICI's m-cap of Rs1,28,718.22 crore
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Gold Backs Off A Bit On Profit Taking, Rebound In U.S. Dollar Gold prices have slipped below unchanged on the day, in late-morning dealings Tuesday. Some profit-taking pressure from the shorter-term futures traders is featured after June Comex gold prices hit a 15-month high of $1,...
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