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Market News

Location American Market News for 4 October 2016

Room for Seconds at Darden Restaurants

Wall Street Journal - 4 Oct 2016 02:58
Darden Restaurants looks like an underappreciated value following its transformation.
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Darden Restaurants CEO: 'We're Not Assuming The Industry's Going To Get Much Better' When Darden Restaurants -- the company behind Olive Garden, Bahama Breeze, LongHorn Steakhouse and more -- reported first quarter earnings results Tuesday morning, the results were better than expected: earnings per shar...
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Darden Restaurants jumped Tuesday after it reported earnings and raised its outlook. It also announced a new $500 million buyback plan.
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Relative Strength Alert For Centene

Forbes - 4 Oct 2016 22:27
Relative Strength Alert For Centene 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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Lennar Enters Oversold Territory (LEN)

Forbes - 4 Oct 2016 22:27
Lennar Enters Oversold Territory (LEN) 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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Google Brings It Home

Wall Street Journal - 4 Oct 2016 22:25
The internet giant has a good chance of catching up to Amazon.com in connected speakers.
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Is A Great Year For Gold Investors Running Out Of Gas? Gold has been enjoying its best year since 2010, but a steep selloff Tuesday raises concerns that the trade is turning south.
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Shares of NEM Now Oversold

Forbes - 4 Oct 2016 22:06
Shares of NEM Now Oversold In trading on Tuesday, shares of Newmont Mining Corp (NYSE: NEM) entered into oversold territory, changing hands as low as $34.00 per share. We define oversold territory using the Relative Strength Index, or RSI, which i...
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SLW Crosses Critical Technical Indicator

Forbes - 4 Oct 2016 22:05
SLW Crosses Critical Technical Indicator In trading on Tuesday, shares of Silver Wheaton Corp (NYSE: SLW) entered into oversold territory, changing hands as low as $23.51 per share. We define oversold territory using the Relative Strength Index, or RSI, which i...
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Shares of ABX Now Oversold

Forbes - 4 Oct 2016 22:04
Shares of ABX Now Oversold In trading on Tuesday, shares of Barrick Gold Corp. (NYSE: ABX) entered into oversold territory, changing hands as low as $15.50 per share. We define oversold territory using the Relative Strength Index, or RSI, which is...
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American Eagle Outfitters Enters Oversold Territory The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
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WEC Crosses Critical Technical Indicator

Forbes - 4 Oct 2016 21:54
WEC Crosses Critical Technical Indicator In trading on Tuesday, shares of WEC Energy Group Inc (NYSE: WEC) entered into oversold territory, changing hands as low as $57.00 per share. We define oversold territory using the Relative Strength Index, or RSI, which ...
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American Electric Power Company (AEP) Shares Enter Oversold Territory In trading on Tuesday, shares of American Electric Power Company, Inc. (NYSE: AEP) entered into oversold territory, changing hands as low as $61.8201 per share. We define oversold territory using the Relative Strength In...
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LXP Breaks Above 7% Yield Territory

Forbes - 4 Oct 2016 21:47
LXP Breaks Above 7% Yield Territory Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Lexington Realty Trust (NYSE: LXP) were yielding above the 7% mark based on its quarterly dividend (annualized to $0.70), w...
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Investors Bag GXP Even Cheaper Than Its Secondary Stock Offering Looking back to 7 days ago, Great Plains Energy Inc (NYSE: GXP) priced a 52,600,000 share secondary stock offering at $26.45 per share. Buyers in that offering made a considerable investment into the company, expecting t...
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Mattel (MAT) Shares Cross 5% Yield Mark

Forbes - 4 Oct 2016 21:33
Mattel (MAT) Shares Cross 5% Yield Mark Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Mattel Inc (NASD: MAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.52), with the stoc...
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Tuesday Sector Leaders: Financial, Services Looking at the sectors faring best as of midday Tuesday, shares of Financial companies are outperforming other sectors, losing just 0.2%. Within the sector, Hartford Financial Services Group Inc. (NYSE: HIG) and Northern...
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Pulling up the inflation anchor

livemint.com - 4 Oct 2016 20:37
Pulling up the inflation anchor The first credit policy coming out after discussions by a new monetary policy committee, and helmed by a new governor, appears to have moved to a flexible inflation target
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Why RBI cut rates: inflation scenarios played a benign beat Barring the wage hikes to govt employees, most scenarios seem to suggest inflation could remain around the central tendency of the 2-6% inflation band mandated by government
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Quality of government fiscal deficit deteriorates

livemint.com - 4 Oct 2016 20:33
Quality of government fiscal deficit deteriorates The Indian economy, however, has received a substantial boost thanks to the higher deficit
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Welltower's Series I Preferred Stock Shares Cross 5% Yield Mark In trading on Tuesday, shares of Welltower Inc's 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (NYSE: HCN.PRI) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.25), with...
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Endurance Technologies raises Rs348 crore from anchor investors The three-day initial public offering (IPO) of Endurance Technologies, which opens on Wednesday, is a pure offer for sale by existing investors
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