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Market News

Location American Market News for 11 July 2016
U.S. Stocks Hit Fresh Highs, S&P 500 Notches New Record U.S stocks rose at the opening bell Monday, pushing the S&P 500 to a new record high.
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BCE's Series AE Preferred Shares Crosses Above 5% Yield Territory In trading on Monday, shares of BCE Inc's Series AE Preferred Shares (Toronto: BCE-PRE) were yielding above the 5% mark based on its monthly dividend (annualized to $0.675), with shares changing hands as low as $13.47 on...
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HDFC to issue masala bonds this week

livemint.com - 11 Jul 2016 23:22
HDFC to issue masala bonds this week HDFC seeks to raise at least Rs2,000 crore from masala bonds sale, which is likely to launch today and close on Friday
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Alcoa beat expectations on the top and the bottom, and its stock popped more than 4 percent.
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'Pokémon Go' Is Not Worth $7 Billion To Nintendo Selling Nintendo's intellectual property to smartphone users may be worth big bucks, but the two-day rally is already pricing in huge profits.
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Humana Enters Oversold Territory (HUM)

Forbes - 11 Jul 2016 22:25
Humana Enters Oversold Territory (HUM) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indi...
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Alcoa Shares Rise After Quarterly Earnings Top Expectations Alcoa reported better than expected second quarter results on Monday, even as its business continues to be challenged by sliding aluminum prices.
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PNC Financial Services Group Named Top Dividend Stock With Insider Buying and 2.73% Yield (PNC) 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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Coal India board approves plan to buy back 108.9 million shares Coal India (CIL) will buy back shares for Rs335 each, a 4.5% premium over Monday's closing price, spending Rs3,650 crore
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Noteworthy Monday Option Activity: FAST, AAL, IBM Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fastenal Co. (NASD: FAST), where a total volume of 12,829 contracts has been traded thus far today, a ...
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IndusInd Bank meets high expectations

livemint.com - 11 Jul 2016 21:07
IndusInd Bank meets high expectations Though provisions and tax expenses were higher, the private sector lender's profit rose 26% to `661.4 crore on a year-on-year (y-o-y) basis, thanks to the surge in net interest income
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What to Do in Brave New World for Bonds---and Stocks

Wall Street Journal - 11 Jul 2016 21:06
Bonds are acting more like stocks, producing big capital gains again this year--and stocks look more like bonds than ever.
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Monday Sector Laggards: Utilities, Energy

Forbes - 11 Jul 2016 20:37
Monday Sector Laggards: Utilities, Energy Looking at the sectors faring worst as of midday Monday, shares of Utilities companies are underperforming other sectors, showing a 0.1% loss. Within that group, American Water Works Co, Inc. (NYSE: AWK) and Eversource E...
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Notable Monday Option Activity: INTC, YUM, WBA Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Intel Corp (NASD: INTC), where a total volume of 130,777 contracts has been traded thus far today, a contra...
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American Tower's Preferred Stock, Series B Crosses Above 5% Yield Territory In trading on Monday, shares of American Tower Corp's 5.50% Mandatory Convertible Preferred Stock, Series B (NYSE: AMT.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $5.50), with shar...
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Target Named Top Dividend Stock With Insider Buying and 3.37% Yield (TGT) 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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Noteworthy Monday Option Activity: WYN, TIF, AGN Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wyndham Worldwide Corp (NYSE: WYN), where a total volume of 7,606 contracts has been traded thus far today,...
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Quess Corp to make stock market debut on Tuesday

livemint.com - 11 Jul 2016 19:40
Quess Corp to make stock market debut on Tuesday Quess Corp.'s initial public offering (IPO) was oversubscribed 145 times earlier this month, emerging as the most oversubscribed IPO in the past nine years
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How The Booming Online Video Market In China Can Drive Baidu's Growth Baidu started its online video business back in 2012 in an attempt to capture the shifting customer demand from television to online video streaming. Baidu’s online video business includes its iQiyi video platform, whi...
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Tesla Motors has experienced a series of reversals in recent weeks. A Model S was involved in a fatal crash, killing the driver while on autopilot mode. A second accident of uncertain causes has yet to be investigated. F...
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Burberry Bets on Harmony in the C-Suite

Wall Street Journal - 11 Jul 2016 19:30
The luxury fashion retailer has bowed to demands for a management team more focused on commerce and costs.
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Brexit QE Isn't Working As Well As It Should Don't expect to see QE money as lending on main street.
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