Market News
Brexit Turns Ugly for Pound, Gilts
Wall Street Journal - 7 Oct 2016 14:50
The pound is tumbling and U.K. government bond yields are rising. Political risk is arriving in style.
Mylan Surges After Quickly Settling With DoJ Over EpiPen Medicaid Rebates
Forbes - 7 Oct 2016 23:55
Mylan will pay $465 million to settle with the Department of Justice over its classification of EpiPen in Medicaid rebate programs.
Guru Investors Avoided Deutsche Bank And These European Financials
Forbes - 7 Oct 2016 22:34
Value gurus mostly exited Deutsche Bank (NYSE:DB) before its stock tumbled this month on news it might have to pay a large fine related to the financial crisis. While many maintain positions in other European banks as fe...
Notable Friday Option Activity: GRA, AMED, GS
Forbes - 7 Oct 2016 21:34
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Grace & Co (NYSE: GRA), where a total volume of 10,808 contracts has been traded thus far today, a con...
Noteworthy Friday Option Activity: LMT, FSLR, DE
Forbes - 7 Oct 2016 21:34
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lockheed Martin Corp (NYSE: LMT), where a total volume of 6,333 contracts has been traded thus far tod...
Gramercy Property Trust (GPT) Passes Through 5% Yield Mark
Forbes - 7 Oct 2016 21:09
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Gramercy Property Trust (NYSE: GPT) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.44), w...
Aimia (AIM) Shares Cross 10% Yield Mark
Forbes - 7 Oct 2016 21:08
In trading on Friday, shares of Aimia Inc (Toronto: AIM) were yielding above the 10% mark based on its quarterly dividend (annualized to $0.80), with the stock changing hands as low as $7.92 on the day. Dividends are par...
Friday Sector Laggards: Materials, Industrial
Forbes - 7 Oct 2016 20:35
Looking at the sectors faring worst as of midday Friday, shares of Materials companies are underperforming other sectors, showing a 1.6% loss. Within that group, PPG Industries Inc (NYSE: PPG) and Martin Marietta Materia...
Noteworthy Friday Option Activity: WMT, C, HON
Forbes - 7 Oct 2016 20:34
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wal-Mart Stores, Inc. (NYSE: WMT), where a total volume of 45,798 contracts has been traded thus far today,...
Citigroup's Preferred Stock, Series K Shares Cross 6% Yield Mark
Forbes - 7 Oct 2016 20:06
In trading on Friday, shares of Citigroup Inc's 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K (NYSE: C.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.7188...
Darden Restaurants Named Top Dividend Stock With Insider Buying and 3.68% Yield (DRI)
Forbes - 7 Oct 2016 20:00
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
The Job Market: Any Which Way But Tight
Wall Street Journal - 7 Oct 2016 19:46
The way the job market continues to draw in new workers suggests the Federal Reserve has little to worry about on the inflation front.
Investors Bag SXL Even Cheaper Than Its Secondary Stock Offering
Forbes - 7 Oct 2016 19:46
Looking back to 11 days ago, Sunoco Logistics Partners LP (NYSE: SXL) priced a 21,000,000 share secondary stock offering at $27.00 per share. Buyers in that offering made a considerable investment into the company, expec...
Noteworthy Friday Option Activity: CMI, IBM, PPG
Forbes - 7 Oct 2016 19:42
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Cummins, Inc. (NYSE: CMI), where a total of 4,936 contracts have traded so far, representing approximately 493,600 u...
An Activist Investor Aims To Reshape Samsung
Forbes - 7 Oct 2016 19:42
Hedge fund Elliott Management is pushing for structure and governance changes at Samsung Electronics , sending a letter to the company on Wednesday. In many ways, Samsung is an ideal target for activist investors, given ...
Noteworthy Friday Option Activity: BBY, WYN, CBS
Forbes - 7 Oct 2016 19:41
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Best Buy Inc (NYSE: BBY), where a total volume of 22,521 contracts has been traded thus far today, a contra...
Carlos Slim's America Movil Approves Delisting From NASDAQ, But Will Keep NYSE Listing
Forbes - 7 Oct 2016 19:38
The decision by America Movil to delist from NASDAQ will have no impact on the company's investment play, market analysts said. Trading of the company's shares is more active on the New York Stock Exchange.
Daily Dividend Report: RPM, COP, PSX, SKT, ZTS, SEE
Forbes - 7 Oct 2016 19:37
RPM International (NYSE: RPM) today announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.30 per share, payable on October 31, 2016, to stockholders ...
Motorola Looking To Bolster Its Software Portfolio
Forbes - 7 Oct 2016 19:34
Amid an environment where the telecom and networking domains are aggressively shifting from hardware- to software-based solutions, even the smart public safety domain is calling for more software solutions in order to in...
Friday's ETF with Unusual Volume: IGV
Forbes - 7 Oct 2016 19:32
The iShares North American Tech-Software ETF (IGV) is seeing unusually high volume in afternoon trading Friday, with over 521,000 shares traded versus three month average volume of about 222,000. Shares of IGV were dow...
Friday's ETF Movers: GDXJ, XLB
Forbes - 7 Oct 2016 19:29
In trading on Friday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Torex Gold Resources (TXG.CA), up abou...
Friday Sector Laggards: Aerospace & Defense, Construction Materials & Machinery Stocks
Forbes - 7 Oct 2016 19:22
In trading on Friday, aerospace & defense shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Triumph Group (TGI), down about 6% and shares of Textron (TXT) off abou...