Market News
Rupee trades higher at 67.37 against US dollar
livemint.com - 2 Jun 2016 05:59Gold: Short Term Pain, Long Term Gain
Forbes - 2 Jun 2016 23:52
Gold has attracted an unusual amount of interest lately, after turning up about 20% coming out of a 5-year bear market. The chart looks bullish, everyone is bullish, but as you know, it is hard for gold to rally when eve...
Sebi proposes new rules for warehouse service providers
livemint.com - 2 Jun 2016 22:06
The move is aimed at increasing transparency in commodity market transactions to avoid frauds like NSEL scam
Depository receipts regime fails to take off due to Sebi concerns
livemint.com - 2 Jun 2016 21:58
Depository receipts are difficult to monitor and can be used for money laundering and market manipulation, Sebi fears
The curious case of Tree House Education
livemint.com - 2 Jun 2016 21:54
Going by then available public information (financials till September 2015), Tree House was perceived to be in a better position
No recovery for small firms in March quarter
livemint.com - 2 Jun 2016 21:46Does Jyothy really need Henkel?
livemint.com - 2 Jun 2016 21:44
If Henkel chooses to take a stake below 25%--the threshold for an open offer under takeover regulations--then there may be no windfall for minority investors
ENF Dividend Yield Pushes Past 6%
Forbes - 2 Jun 2016 21:08
In trading on Thursday, shares of Enbridge Income Fund Holdings Inc (Toronto: ENF) were yielding above the 6% mark based on its monthly dividend (annualized to $1.866), with the stock changing hands as low as $31.00 on t...
PRK Dividend Yield Pushes Above 4%
Forbes - 2 Jun 2016 21:08
Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Park National Corp. (AMEX: PRK) were yielding above the 4% mark based on its quarterly dividend (annualized to $3.76), wit...
Stressing Over the Bigger Costs of Being a Big Bank
Wall Street Journal - 2 Jun 2016 20:43
Comments from Fed governor Daniel Tarullo show the cost of being a big bank will rise through annual 'stress tests.'
OPEC: This Is No Way to Run an Oil Cartel
Wall Street Journal - 2 Jun 2016 20:41
OPEC failed to act on output at its meeting Thursday. That is becoming par for a cartel that is a shadow of its former self.
Notable Thursday Option Activity: MAR, XOM, HES
Forbes - 2 Jun 2016 20:38
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Marriott International, Inc. (NASD: MAR), where a total of 13,876 contracts have traded so far, representing approxi...
Thursday Sector Leaders: Healthcare, Services
Forbes - 2 Jun 2016 20:35
Looking at the sectors faring best as of midday Thursday, shares of Healthcare companies are outperforming other sectors, up 0.9%. Within that group, Endo International plc (NASD: ENDP) and Medtronic PLC (NYSE: MDT) are ...
Morgan Stanley's Preferred Stock, Series E Shares Cross 6% Yield Mark
Forbes - 2 Jun 2016 20:12
In trading on Thursday, shares of Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E (NYSE: MS.PRE) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.7812), w...
Will Artificial Intelligence Be The Next Battlefield Between Facebook And Google?
Forbes - 2 Jun 2016 19:37
Recently, Facebook introduced “Deep Text” a text understanding engine that can understand with near human accuracy the textual context of several thousand posts per second, spanning more than 20 languages. The compan...
Thursday's ETF with Unusual Volume: SCZ
Forbes - 2 Jun 2016 19:34
The iShares MSCI EAFE Small-Cap ETF (SCZ) is seeing unusually high volume in afternoon trading Thursday, with over 4.2 million shares traded versus three month average volume of about 693,000. Shares of SCZ were down abo...
Thursday's ETF Movers: XBI, ITB
Forbes - 2 Jun 2016 19:33
In trading on Thursday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Keryx Biopharmaceuticals (KERX), up about...
Thursday Sector Laggards: Music & Electronics Stores, Education & Training Services
Forbes - 2 Jun 2016 19:31
In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 3.5%. Helping drag down the group were shares of Conns (CONN), down about 23.8% and shares of Voxx International ...
Thursday Sector Leaders: Biotechnology, Drugs
Forbes - 2 Jun 2016 19:30
In trading on Thursday, biotechnology shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of Peregrine Pharmaceuticals (PPHM), up about 32.6% and shares of Keryx Biopharmaceuticals (K...
Salesforce.com Overpays Big-Time For Demandware Acquisition
Forbes - 2 Jun 2016 19:24
To get a sense of how much shareholder value Salesforce is destroying, let's look at some reasonable scenarios for how much the company can improve Demandware's business so that it generates some cash flow.
Notable Thursday Option Activity: BLL, AMZN, AET
Forbes - 2 Jun 2016 19:21
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Ball Corp (NYSE: BLL), where a total of 32,448 contracts have traded so far, representing approximately 3.2 million ...
Noteworthy Thursday Option Activity: HUM, EA, XLNX
Forbes - 2 Jun 2016 19:20
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Humana Inc. (NYSE: HUM), where a total of 7,302 contracts have traded so far, representing approximately 730,200 und...