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Market News

Location American Market News for 21 July 2016

No Miracle Cures for Biogen

Wall Street Journal - 21 Jul 2016 19:04
Biogen's strong results will support the stock price, but the new drug pipeline is thin.
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This article was originally published at Stratfor.com.
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Thursday's ETF with Unusual Volume: REET

Forbes - 21 Jul 2016 18:03
The iShares Global REIT ETF (REET) is seeing unusually high volume in afternoon trading Thursday, with over 126,000 shares traded versus three month average volume of about 47,000. Shares of REET were down about 0.4% on ...
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Qualcomm's Stock Price Surges After A Strong Performance In Q3 Leading wireless chipset maker Qualcomm posted strong Q3 2016 results that surpassed consensus estimates and were mostly at the higher end of its guidance range. The stock price has surged by as much as 7% in the after h...
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Intel Sees Slower Data Center & IoT Growth, Though Stronger Growth Expected In Coming Quarters The world’s largest semiconductor company, Intel released its Q2 2016 earnings on July 20th. The company’s revenue came in-line with its guidance, while its profitability exceeded both company guidance and analyst ex...
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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OVL raises $1 billion via dollar bonds for Vankor oil field stake buy The proceeds will go to refinance a $1.2 billion bridge loan ONGC Videsh had taken from foreign banks to pay for 15% stake in Rosneft's Vankor
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Poisoned Customers, CMO Busted For Blow, Playing Chipotle At The Low After the bell on Thursday, 21, 2016, Chipotle will announce their quarterly earnings. What could go wrong? Lots of things.
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Recently, Alibaba announced that it will open its first office in Melbourne, Australia, as it plans to expand its presence internationally. This expansion is part of the company’s globalization strategy to reach two bi...
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Notable Thursday Option Activity: PYPL, APC, MAT Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (NASD: PYPL), where a total volume of 53,504 contracts has been traded thus far today, ...
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Noteworthy Thursday Option Activity: HOG, SHW, GOOG Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Harley-Davidson Inc (NYSE: HOG), where a total volume of 39,530 contracts has been traded thus far today, a...
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European Airlines: Back to Earth With a Bump

Wall Street Journal - 21 Jul 2016 19:22
For European airlines, valuations are cheap, but merely signal a new normal: price wars.
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The Board of Directors of Citigroup today declared a quarterly dividend on Citigroup's common stock of $0.16 per share, payable on August 26, 2016 to stockholders of record on August 1, 2016.
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US stocks fluctuate near all-time highs amid earnings reports US stocks fluctuated as investors assessed the rally that pushed the S&P 500 Index to a fresh record, while a mixed slate of corporate earnings provided little early direction
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Thursday's ETF Movers: GDXJ, IYT

Forbes - 21 Jul 2016 18:01
In trading on Thursday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 5% on the day. Components of that ETF showing particular strength include shares of Silvercorp Metals (SVM.CA), up about 7.4...
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In trading on Thursday, advertising shares were relative laggards, down on the day by about 0.9%. Helping drag down the group were shares of Interpublic Group (IPG), down about 5.1%.
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Dow Analyst Moves: KO

Forbes - 21 Jul 2016 17:50
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Coca-Cola (KO) is the #23 analyst pick. Within the broader S&P 500, when com...
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S&P 500 Analyst Moves: PCG

Forbes - 21 Jul 2016 17:49
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, PG&E (PCG) is now the #63 analyst pick, moving up by 3 spots.
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Notable Thursday Option Activity: RLYP, CMG, URI Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Relypsa, Inc (NASD: RLYP), where a total of 61,318 contracts have traded so far, representing approximately 6.1...
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Dunkin' shares fell as much as 4 percent after it reported weaker-than-expected sales growth and headwinds in international markets.
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The coffee chain saw lackluster sales in every region.
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ABB: Robust show, though outlook remains grim

livemint.com - 21 Jul 2016 23:28
ABB: Robust show, though outlook remains grim ABB's focus on high technology and short-cycle products has started to pay off by way of better profitability
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