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Market News

Location American Market News for 28 September 2016

OPEC 'Understanding' Is Easily Misunderstood

Wall Street Journal - 28 Sep 2016 22:31
Wednesday's jolt in oil prices seems like an overreaction to news out of OPEC.
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Oil climbs on speculation Opec may reach agreement in Algiers Futures rose as much as 3% in New York after Mossa Elkony, the head of Libya's delegation, said 'it seems there will be an agreement'
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Costco Must Do More to Battle Amazon

Wall Street Journal - 28 Sep 2016 21:56
Costco shares should continue to suffer under the weight of competition from Amazon.com and others.
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Commonwealth's CIO Brad McMillan addresses worries about how the stock market may react to the presidential election.
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GEI Crosses Above 8% Yield Territory

Forbes - 28 Sep 2016 21:34
GEI Crosses Above 8% Yield Territory In trading on Wednesday, shares of Gibson Energy Inc (Toronto: GEI) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $16.39 on the day. Divide...
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Annaly Capital Management (NLY) Passes Through 10% Yield Mark Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of Annaly Capital Management Inc (NYSE: NLY) were yielding above the 10% mark based on its quarterly dividend (annualized to...
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Noteworthy Wednesday Option Activity: THC, SLB, DRI Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tenet Healthcare Corp. (NYSE: THC), where a total volume of 9,668 contracts has been traded thus far t...
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Endurance Technologies to launch IPO on 5 October

livemint.com - 28 Sep 2016 21:25
Endurance Technologies to launch IPO on 5 October Actis Components and System Investments is selling 19.3 million shares while promoter Anurag Jain will dilute his stake by selling 5.3 million shares
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BlackBerry Can't Let Software Get Hung Up

Wall Street Journal - 28 Sep 2016 21:23
BlackBerry's exit from handsets puts all hope on software, where competition is fierce.
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Investors Return To Large-Cap Stock Mutual Funds, ICI Data Shows Large cap equity mutual funds are back in favor as investors hunt for higher yields, the latest data from Investment Company Institute showed.
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Companies Pick Wages Against the Machine

Wall Street Journal - 28 Sep 2016 20:45
This year's weak capital spending figures are at odds with the strength in U.S. hiring.
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Ubiquitous Flatbread Sandwich Chain Cosi Files For Bankruptcy Discovered in Paris two decades ago, Cosi's rise into one of America's most recognizable lunchtime quick service eateries has wound up in a Boston bankruptcy court.
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Wednesday Sector Leaders: Energy, Materials

Forbes - 28 Sep 2016 20:32
Wednesday Sector Leaders: Energy, Materials In afternoon trading on Wednesday, Energy stocks are the best performing sector, higher by 3.4%. Within the sector, Murphy Oil Corp (NYSE: MUR) and Chesapeake Energy Corp. (NYSE: CHK) are two of the day's stand-outs, sho...
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Market roundup | IMF sounds warning on slowdown in global trade Overall weakness in global economic activity, in particular investment, is the primary restraint on trade growth, accounting for up to three-fourths of the slowdown
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Are Indian banks overvalued?

livemint.com - 28 Sep 2016 20:17
Are Indian banks overvalued? Most bank shares have risen sharply despite unflattering results in the first quarter; some have galloped more than 15% since June despite disastrous results
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Half of world's economies have inflation below 2%; almost a fifth below zero The proportion of countries having very low inflation has gone up sharply due to the slack in the world economy, and low commodity and oil prices
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MCX valuations ignore ground realities

livemint.com - 28 Sep 2016 20:07
MCX valuations ignore ground realities It can be argued that under a new management, many of Multi Commodity Exchange of India's earlier troubles are behind it. But the numbers tell a different story
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Notable Wednesday Option Activity: TAP, CTAS, EXPE Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Molson Coors Brewing Co. (NYSE: TAP), where a total volume of 30,113 contracts has been traded thus far tod...
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Noteworthy Wednesday Option Activity: LLY, MCD, NFLX Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Eli Lilly & Co. (NYSE: LLY), where a total of 15,398 contracts have traded so far, representing approximately 1.5 mi...
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Less Cash in the Mattress at Tempur Sealy

Wall Street Journal - 28 Sep 2016 19:39
Tempur Sealy's sales may continue to be pressured as online competition mounts.
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Govt to sell 7% stake in Hindustan Copper tomorrow

livemint.com - 28 Sep 2016 18:07
Govt to sell 7% stake in Hindustan Copper tomorrow The floor price for the Hindustan Copper offer shall be Rs 62 per equity share
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RSI Alert: Carmax (KMX) Now Oversold

Forbes - 28 Sep 2016 18:04
RSI Alert: Carmax (KMX) Now Oversold 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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