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Market News

Location American Market News for 14 July 2016
Growth challenges resurface at Tata Consultancy Services TCS' year-on-year growth stood at 10.1%, barely 20 basis points higher than the lows of the December quarter
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Narendra Modi government is moving into pay-off stage: Jon Thorn Co-founder and director of India Capital Fund Management on how benefits of what the NDA has done so far by way of reforms will become visible and incremental
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U.S. Stocks Hit Record Highs, Now What?

Forbes - 14 Jul 2016 16:22
U.S. Stocks Hit Record Highs, Now What? Some form of a pullback is probable from a technical perspective in the future but that doesn't mean U.S. large cap stocks still cannot move higher.
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Line Raises More Than $1 Billion In Year's Largest Tech IPO The stock jumped 28% on its first day of trading.
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Obama Outdoes Trump As China WTO Battle Begins Again China says the U.S. is being too protectionist. In a tit-for-tat dispute, Beijing takes Washington to task over steel tariffs at the World Trade Organization.
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Economy In Trouble, China Steps Up Crackdown On Tell-All Journalists China’s Internet is booming and with it the number of outlets for news, including common people who keep their ears out. Suddenly China leads the world in the number of jailed journalists following an increase in arre...
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How solar energy and power markets are unsettling the thermal sector The central government's push for renewable energy capacity addition and the states' obligation to include solar in their energy basket is driving long-term contracts to solar
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US stocks rally with banks, treasuries drop on stimulus bets S&P 500 adds 0.6%, rising for a fifth straight day, the longest stretch since March
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State Of The VC Industry: A Tale Of Two Stories If the start of 2015 was a wild party for venture capital, by many counts, the end was a massive hangover. For most of the year the deal environment was fast and furious, driven by VCs’ fear of missing out (“FOMO”)...
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4 Signs the Global Housing Bubble Is Already Bursting -- Here's What to Do It’s déjà vu. Home prices in major cities are at the same levels (or even higher) than prior to the 2008 Financial Crisis.
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Today's Bond Market Is Insurance, Not Investment A few days ago over five billion dollars worth of Zero Coupon German government bonds (“Bunds”) were auctioned at a yield of minus five basis points. For me, as for many others, bonds with negative nominal yields hol...
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Not Just Nintendo: It's Been A Good Year For Video Game Stocks As Pokemon Go fueled a rally in Nintendo, a surge in popularity of homegrown video games, has sent the stocks of three big gaming companies to an all-time high.
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Viacom's Infighting Opened Door to Chinese Bid

Wall Street Journal - 14 Jul 2016 23:01
Viacom's move to strike a deal with Wanda for Paramount may be a way for its embattled CEO to get the upper hand.
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WPZ Crosses Above Average Analyst Target

Forbes - 14 Jul 2016 22:02
In recent trading, shares of Williams Partners LP (NYSE: WPZ) have crossed above the average analyst 12-month target price of $35.60, changing hands for $36.61/share. When a stock reaches the target an analyst has set, t...
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In recent trading, shares of Dick's Sporting Goods, Inc (NYSE: DKS) have crossed above the average analyst 12-month target price of $49.10, changing hands for $49.99/share. When a stock reaches the target an analyst has ...
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In recent trading, shares of Thomson Reuters Corp (NYSE: TRI) have crossed above the average analyst 12-month target price of $42.85, changing hands for $43.16/share. When a stock reaches the target an analyst has set, t...
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D.R. Horton Reaches Analyst Target Price

Forbes - 14 Jul 2016 21:52
In recent trading, shares of D.R. Horton Inc. (NYSE: DHI) have crossed above the average analyst 12-month target price of $34.05, changing hands for $34.11/share. When a stock reaches the target an analyst has set, the a...
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WMB Crosses Above Average Analyst Target

Forbes - 14 Jul 2016 21:50
In recent trading, shares of Williams Cos Inc (NYSE: WMB) have crossed above the average analyst 12-month target price of $23.00, changing hands for $23.39/share. When a stock reaches the target an analyst has set, the a...
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In recent trading, shares of Computer Sciences Corp (NYSE: CSC) have crossed above the average analyst 12-month target price of $48.71, changing hands for $49.11/share. When a stock reaches the target an analyst has set,...
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In recent trading, shares of AmerisourceBergen Corp. (NYSE: ABC) have crossed above the average analyst 12-month target price of $85.73, changing hands for $86.02/share. When a stock reaches the target an analyst has set...
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Surprise: The Economy Is Looking Much Better

Wall Street Journal - 14 Jul 2016 21:40
Citigroup's U.S. Economic Surprise Index is at its highest level since January 2015.
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Noteworthy Thursday Option Activity: AMBA, FSLR, PANW Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ambarella, Inc. (NASD: AMBA), where a total of 3,954 contracts have traded so far, representing approximately 3...
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