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Market News

Location American Market News for 16 May 2016

Has "VIX" Bottomed?

Forbes - 16 May 2016 12:58
Actually there are two separate questions: Has VIX itself bottomed? Have the ETFs and ETNs linked to VIX bottomed?
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The Aspirational Watch Market For Indian Women Is Hot On Asia's Heels The market for watches in India is a relatively new niche for women buyers ? those who have always loved their jewelry are now looking to talk about their watches in social circles ? it?s a mark of a new kind of aspirati...
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Sebi may ask exchanges to monitor algo trades

livemint.com - 16 May 2016 23:21
Sebi may ask exchanges to monitor algo trades Sebi may introduce steps such as speed bumps, order bunching of trades and order randomization
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Apple as a Value Play: Buffett's Berkshire Approves

Wall Street Journal - 16 May 2016 21:29
Warren Buffett may have passed on Apple before, but its valuation has become too compelling to ignore.
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Crescent Point Energy (CPG) confirms that the dividend to be paid on June 15, 2016, in respect of May 2016 production, for shareholders of record on May 31, 2016, will be CDN$0.03 per share.
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Arvind: brand, retail to drive future growth

livemint.com - 16 May 2016 21:24
Arvind: brand, retail to drive future growth Growth trends seen over the year and the past quarter are expected to carry on into the new fiscal
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SRF's investments in packaging business piques investors The company, on its part, expects the packaging business to see strong growth. But the Street perceives these investments to be less lucrative due to the cyclical nature of the business and volatile margins
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Aimia (AIM) Shares Cross 10% Yield Mark

Forbes - 16 May 2016 21:10
Aimia (AIM) Shares Cross 10% Yield Mark In trading on Monday, shares of Aimia Inc (Toronto: AIM) were yielding above the 10% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $7.89 on the day. Dividends are par...
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Monday's ETF Movers: XBI, XLU

Forbes - 16 May 2016 20:59
In trading on Monday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.9% on the day. Components of that ETF showing particular strength include shares of Anacor Pharmaceuticals (ANAC), up about 56....
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In trading on Monday, drugs shares were relative leaders, up on the day by about 3%. Leading the group were shares of Anacor Pharmaceuticals (ANAC), up about 56.2% and shares of Aegerion Pharmaceuticals (AEGR) up about 2...
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Di Grassi: Hamilton, Vettel would struggle in Formula E Lewis Hamilton and Sebastian Vettel have won seven Formula One world titles between them, but could they replicate their success in motorsport's Formula E series?
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Formula E: Meet the drivers

CNN - 16 May 2016 20:48
Formula E: Meet the drivers Some famous Formula One names are now racing in the all-electric racing series.
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Bruno Senna revisits scene of uncle's famous crash Bruno Senna, nephew of legendary F1 driver Ayrton, takes Nicki Shields on a tour of the Mexico circuit including the famous Peraltada corner. Popular: Radical Islam in America | Graham Opposes Republican Leader | Guns in...
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Formula E racer vs. drone in epic chase

CNN - 16 May 2016 20:46
Formula E racer vs. drone in epic chase Mexico City's Autódromo Hermanos Rodriguez circuit has witnessed some titanic tussles down the years, but nothing ever quite like this.
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Monday Sector Leaders: Energy, Healthcare

Forbes - 16 May 2016 20:44
Monday Sector Leaders: Energy, Healthcare In afternoon trading on Monday, Energy stocks are the best performing sector, up 2.1%. Within the sector, Williams Cos Inc (NYSE: WMB) and Marathon Oil Corp. (NYSE: MRO) are two large stocks leading the way, showing a ga...
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'TRON: Legacy' designer creates new 'Roborace' car It looks like something straight out of a sci-fi film -- and that's probably because this new driverless car has been designed by the man who brought us the vehicles in the movie "TRON: Legacy."
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Monday Sector Laggards: Utilities, Consumer Products In afternoon trading on Monday, Utilities stocks are the worst performing sector, not showing much of a gain. Within that group, Exelon Corp (NYSE: EXC) and PPL Corp (NYSE: PPL) are two large stocks that are lagging, sho...
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TJX's Success Breeds Imitators and Challenges

Wall Street Journal - 16 May 2016 19:46
Off-price retailer TJX has been a bright spot in retail, but its success will be put to the test.
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After indicating that the company is working on a turnaround plan this year, eBay seems to be aggressively pursuing initiatives to fulfill its goals of making its platform simpler and more efficient for both buyers and s...
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Notable Monday Option Activity: TJX, HP, EMR Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in TJX Companies (NYSE: TJX), where a total volume of 24,158 contracts has been traded thus far today, a contr...
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US stocks gain as crude oil rises

livemint.com - 16 May 2016 19:14
US stocks gain as crude oil rises Dow Jones industrial average rises 0.8%, Standard & Poor's 500 index adds 0.9%
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Why Savings Alone Won't Save Telecom Italia

Wall Street Journal - 16 May 2016 18:50
Cutting costs may buy Telecom Italia time, but don't address the company's core problem: new competitors.
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