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Market News

Location American Market News for 23 June 2016

Why the Amazon Threat to Tesco is Real

Wall Street Journal - 23 Jun 2016 16:51
The U.S. tech giant's ambitions in U.K. grocery will make it even harder for local supermarkets to turn a decent profit.
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Asian Tycoons Will Be First Hit by 'Brexit' Vote

Wall Street Journal - 23 Jun 2016 07:13
As ballot counting comes in before Europe awakes, Asian tycoons Li Ka-shing and Ratan Tata will be the first to feel the seismic waves of the vote result.
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Chinese brokerage Orient Securities plans to raise as much as $1 billion in its Hong Kong public offering. It's hard to see why now.
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More Stress Coming for Banks

Wall Street Journal - 23 Jun 2016 23:23
Banks appeared to breeze through their annual 'stress tests,' but they are already preparing to meet more stringent requirements in the future.
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This $100 Million Fund Is Betting On First-Time Impact Fund Managers Investors can now back social venture capitalists in far flung places -- they're vetted, too.
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Profiting From Spending More

Wall Street Journal - 23 Jun 2016 22:29
There is a good case to be made for companies stepping up capital spending, but they will start listening to it only if profits improve.
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Appetite for hotel stocks improves

livemint.com - 23 Jun 2016 21:40
Appetite for hotel stocks improves In less than a month after the March quarter results were announced, stocks of leading hotel chains in the country have bounced back after years of doing nothing much
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Can a 33-Year Veteran Save Macy's?

Wall Street Journal - 23 Jun 2016 21:18
Macy's next CEO Jeff Gennette is a company veteran. He has a lot to prove when it comes to revamping it.
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Each correction leads to a maturing of the ecosystem: Brij Bhasin The principal investment lead at Rebright Partners on India's move to repeal the 'angel tax', valuation bubbles and talent churn at start-ups
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Thursday Sector Leaders: Financial, Technology & Communications In afternoon trading on Thursday, Financial stocks are the best performing sector, higher by 1.6%. Within that group, Citigroup Inc (NYSE: C) and Comerica, Inc. (NYSE: CMA) are two large stocks leading the way, showing a...
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Noteworthy Thursday Option Activity: NFLX, C, AAPL Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Netflix Inc. (NASD: NFLX), where a total of 134,301 contracts have traded so far, representing approximately 13.4 mi...
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What Are Altria's Strategies For Long-Term Growth? Altria has an outstanding track record for creating value for its shareholders. For example, the company has boosted dividends for 46 years consecutively, after accounting for the impact of spin-offs. During the period 2...
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Ameriprise Financial Named Top Dividend Stock With Insider Buying and 3.03% Yield (AMP) In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
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Within a month of completing the acquisition of Withings, a digital health products company based in France, Nokia recently announced a collaboration with HUS/Helsinki University Hospital and the University of Helsinki F...
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Sun Pharma board approves buyback of shares at Rs900

livemint.com - 23 Jun 2016 18:25
Sun Pharma board approves buyback of shares at Rs900 Sun Pharma says the buyback aims to return surplus funds to shareholders and enhance overall returns for them
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Sterling, global stocks rise as markets bet Britain will remain in EU Wall Street rises nearly 1%, with the S&P 500 approaching all-time highs; MSCI's 46-country All World index up 0.9% at its highest in almost two weeks
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Steelcase is Oversold

Forbes - 23 Jun 2016 17:35
Steelcase 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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Biotech Stock Bounce Picks Up Momentum

Forbes - 23 Jun 2016 17:30
Biotech Stock Bounce Picks Up Momentum Here are four stocks to watch, three of them biotechs looking like they want to move higher on strong technical momentum.
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Shree Renuka Sugars to sell its 5% stake in NCDEX

livemint.com - 23 Jun 2016 16:49
Shree Renuka Sugars to sell its 5% stake in NCDEX The deal size is estimated to be a little over `50 crore and will allow SRSL to exit NCDEX fully
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Mahanagar Gas IPO sees stellar response, gets subscribed 64.42 times On the lower price band of `380 per share, the public issue received bids worth `42,555.95 crore across investor categories
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Markets Predicting a British 'Stay' Vote, But Will They Be Proven Right? The long awaited “Brexit” vote is underway, and judging from the positive early market tone around the world, there’s a sense Britain might choose to stay in the European Union.
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What Does The Stock Market Owe You?

Forbes - 23 Jun 2016 14:46
What Does The Stock Market Owe You? History provides some clues.
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