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Market News

Location American Market News for 23 August 2016

NSE appoints CitiGroup, three others to manage IPO

livemint.com - 23 Aug 2016 09:58
NSE appoints CitiGroup, three others to manage IPO NSE, which is valued at Rs17,500-18,000 crore, will also seek an overseas listing by April 2017
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Valuations and growth quality are both a worry at NBFCs The scramble for growth is causing NBFCs to enter segments where net interest margins are lower than the margins they enjoy
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Campbell Soup is Now Oversold (CPB)

Forbes - 23 Aug 2016 22:30
Campbell Soup is Now Oversold (CPB) 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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AGI Stock Crowded With Sellers

Forbes - 23 Aug 2016 22:13
AGI Stock Crowded With Sellers In trading on Tuesday, shares of Alamos Gold Inc (NYSE: AGI) entered into oversold territory, changing hands as low as $8.185 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a ...
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AUY Crosses Critical Technical Indicator

Forbes - 23 Aug 2016 22:04
AUY Crosses Critical Technical Indicator In trading on Tuesday, shares of Yamana Gold Inc (NYSE: AUY) entered into oversold territory, changing hands as low as $4.99 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a t...
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BSE looks to offload 30% in IPO; NSE hires merchant bankers BSE will file papers for listing in September; NSE has decided to hire Citigroup Global, JM Financial and others for its initial public offering
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Noteworthy Tuesday Option Activity: CAT, RH, LEN Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Caterpillar Inc. (NYSE: CAT), where a total of 17,394 contracts have traded so far, representing approximately ...
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Notable Tuesday Option Activity: RGLD, LZB, VLO Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Royal Gold Inc (NASD: RGLD), where a total of 2,730 contracts have traded so far, representing approximately 27...
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LIC won't hike investment in stocks in 2016-17

livemint.com - 23 Aug 2016 21:20
LIC won't hike investment in stocks in 2016-17 LIC's decision to focus more on debt comes at a time when foreign investors are increasing investments in stocks
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Tuesday Sector Laggards: Utilities, Healthcare In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Within the sector, PG&E Corp. (NYSE: PCG) and Alliant Energy Corp (NYSE: LNT) are two of the day's laggards, showing...
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Tuesday Sector Leaders: Energy, Materials

Forbes - 23 Aug 2016 20:34
Tuesday Sector Leaders: Energy, Materials In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 1.5%. Within that group, Chesapeake Energy Corp. (NYSE: CHK) and Marathon Oil Corp. (NYSE: MRO) are two of the day's stand-outs, showing a...
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Noteworthy Tuesday Option Activity: FB, MYL, WHR Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Facebook Inc (NASD: FB), where a total of 112,300 contracts have traded so far, representing approximately 11.2 mill...
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Notable Tuesday Option Activity: AMZN, TSCO, BA Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon.com Inc. (NASD: AMZN), where a total of 35,730 contracts have traded so far, representing approximately 3.6 m...
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Daily Dividend Report: ZBH,ORI,THG,JBT,ESV

Forbes - 23 Aug 2016 19:45
Zimmer Biomet Holdings (NYSE:ZBH), a global leader in musculoskeletal healthcare, today announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders for the third quarter of...
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Is Nokia Leveraging Its R&D Investments Effectively? Nokia's investments in research and development (R&D) are aimed at developing a network ecosystem operable with the prevailing and future telecom technologies, which can help it stay at par with, or better than, the com...
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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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Looking to maintain its “cool” quotient and prevent young users from migrating to other platforms, Facebook (NASDAQ:FB) recently launched an iOS app called “Lifestage” for users under the age of 21. This video a...
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Tuesday's ETF with Unusual Volume: GNR

Forbes - 23 Aug 2016 19:28
The SPDR S&P Global Natural Resources ETF (GNR) is seeing unusually high volume in afternoon trading Tuesday, with over 342,000 shares traded versus three month average volume of about 144,000.  Shares of GNR were up ab...
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S&P 500 Analyst Moves: DLPH

Forbes - 23 Aug 2016 19:25
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Delphi Automotive (DLPH) is now the #47 analyst pick, moving up by 2 spots.
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Dow Analyst Moves: XOM

Forbes - 23 Aug 2016 19:24
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Exxon Mobil (XOM) is the #24 analyst pick.  Within the broader S&P 500, whe...
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Forbes Columnist Bonnie Baha

Forbes - 23 Aug 2016 19:21
Forbes Columnist Bonnie Baha Forbes loses a clear, insightful voice amidst the market noise, columnist Bonnie Baha
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Another Valeant Parallel at Concordia International

Wall Street Journal - 23 Aug 2016 18:51
Concordia CEO's margin call is the latest stumble in the company's bad year.
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