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Market News

Location American Market News for 30 September 2016

Where Is Copper Heading From Here?

Forbes - 30 Sep 2016 22:51
Where Is Copper Heading From Here? Copper is trading in an important range between its $2/pound support level and $2.30/pound resistance level.
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Mattel is Now Oversold (MAT)

Forbes - 30 Sep 2016 22:36
Mattel is Now Oversold (MAT) 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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Noteworthy Friday Option Activity: PANW, CVX, BOFI Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Palo Alto Networks, Inc (NYSE: PANW), where a total volume of 7,879 contracts has been traded thus far...
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Why Fear of a Deutsche Bank Bailout Is Wide of the Mark

Wall Street Journal - 30 Sep 2016 21:00
The amount of money Deutsche Bank would have to lose even to hit its first line of defense is huge.
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The One-Engine Economy

Wall Street Journal - 30 Sep 2016 20:47
Consumers have been the only thing pushing the U.S. economy along. They could use some help.
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Notable Friday Option Activity: GS, CSCO, UNP Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Goldman Sachs Group, Inc. (NYSE: GS), where a total of 26,785 contracts have traded so far, representing approximate...
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Noteworthy Friday Option Activity: DLTR, CTSH, XLNX Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Dollar Tree, Inc. (NASD: DLTR), where a total of 27,467 contracts have traded so far, representing approximately 2.7...
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Chinese yuan set to be inducted into IMF currency basket In a policy milestone long sought by the Chinese government, the yuan now joins a prestigious club of major international reserve currencies also comprising the US dollar, pound, yen and euro
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RBI hikes foreign investment caps in government securities The limits on state development loans are proposed to be increased in two tranches, each of Rs35 billion, from 3 October, 2016 and 2 January, 2017 respectively, RBI says
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Techland is abuzz with M&A chatter
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Gilead's Growth Tonic Is Elusive, May Have Side Effects

Wall Street Journal - 30 Sep 2016 18:42
The biotech company's deliberate approach to deal making has frustrated investors, but it could still pay off.
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With Big Losses in Energy, Icahn Sells Most Of Stake In Transocean On the heels of a reduction in his largest energy holding, Icahn parted ways with most of his stake in Transocean (NYSE:RIG), the largest decliner of his five oil-related holdings, all of which are down substantially. Ic...
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Drop in US consumer spending clouds Fed rate hike outlook Consumer spending, which has been robust in recent months, partially offset the drag from weak business investment and falling inventories in the second quarter
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Competing commodity exchanges not good for market stability: U.K. Sinha UK Sinha says the ratio of business between commodity exchanges is not balanced that could have a damaging impact on the stability of the markets
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The Danger Of Relying On Non-GAAP Earnings

Forbes - 30 Sep 2016 16:42
The Danger Of Relying On Non-GAAP Earnings Critics are right that sticking to generally accepted accounting principles is flawed. It's just that non-GAAP is even worse.
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Ex-Dividend Reminder: Kite Realty Group Trust, Physicians Realty Trust and JPMorgan Chase Looking at the universe of stocks we cover at Dividend Channel, on 10/4/16, Kite Realty Group Trust (NYSE: KRG), Physicians Realty Trust (NYSE: DOC), and JPMorgan Chase & Co (NYSE: JPM) will all trade ex-dividend for the...
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LM Ex-Dividend Reminder - 10/4/16

Forbes - 30 Sep 2016 16:32
LM Ex-Dividend Reminder - 10/4/16 Looking at the universe of stocks we cover at Dividend Channel, on 10/4/16, Legg Mason, Inc. (NYSE: LM) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 10/24/16. As a percentage of LM's recent sto...
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Deutsche Bank Bounces Off Fresh Lows As Broader Market Rebounds U.S. stocks opened higher, driven by a rebound in financial stocks as investors keep a close eye on embattled Deutsche Bank.
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Market Plunge On Europe Bank Concerns Stir Memories From 2014 The sky isn’t falling, though Thursday’s market plunge amid concerns about Deutsche Bank might have made it seem that way at times.
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ITW Named Top 25 SAFE Dividend Stock Increasing Payments For Decades Illinois Tool Works, Inc. (NYSE: ITW) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.2% yield, as well as a superb trac...
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POT Named Top 10 SAFE International Dividend Stock Potash Corp. of Saskatchewan Inc. (NYSE: POT) has been named to the Dividend Channel ''International S.A.F.E. 10'' list, signifying an international stock with above-average ''DividendRank'' statistics including a strong...
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Peek Under The Hood: XLY Has 13% Upside

Forbes - 30 Sep 2016 15:40
Peek Under The Hood: XLY Has 13% Upside Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weigh...
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