Market News
These Health Insurance Mergers Aren't Alike
Wall Street Journal - 12 Oct 2016 17:05
Two health insurance mergers under regulatory scrutiny seem to be taking different paths.
How to open a bank account via an app
livemint.com - 12 Oct 2016 12:47
In the last 6 months, banks such as Kotak Mahindra Bank and DBS Bank rolled out a feature that lets you open an account directly through their app
Needing a Boost, Wells Fargo May Be Left Behind on Earnings
Wall Street Journal - 12 Oct 2016 23:28
An uptick in trading volumes will help big Wall Street banks as they report third-quarter earnings, but Wells Fargo will benefit less.
Embattled Wells Fargo CEO John Stumpf Is Retiring, Effective Immediately
Forbes - 12 Oct 2016 23:15
Less than a month after Senator Elizabeth Warren called for his head, embattled Wells Fargo CEO John Stumpf is out. Wells Fargo announced Wednesday evening that Stumpf is retiring, effective immediately.
How The Presidential Election Will Affect The Stock Market
Forbes - 12 Oct 2016 22:45
Spooked investors are asking their advisors whether to sell stocks in advance of the election. Best advice: do nothing. Here?s why.
Amerisafe Looking Like An Undervalued Insurance Provider
Forbes - 12 Oct 2016 22:38
This insurance provider has sold workers compensation insurance to companies engaged in hazardous industries for more than three decades. Impressive profit growth, prudent underwriting, and an undervalued share price hav...
Trickle-Down Effects Of Rapidly Deteriorating Venezuela
Forbes - 12 Oct 2016 22:34
The price of oil has almost always held sway over macroeconomic and geopolitical trends. The most prominent examples of this were the two separate oil crises that occurred during the 1970s, when turmoil in the Middle Eas...
Market roundup | Earnings expectations drop for FY17 and FY18
livemint.com - 12 Oct 2016 22:30
Analysts downgrade earnings forecasts for Sensex firms for this fiscal year and the next, which may make market valuations look expensive
NTPC's regulatory woes increase Power Grid's appeal
livemint.com - 12 Oct 2016 22:23
Changing regulations and risk to returns mean NTPC's earnings lack Power Grid's certainty
IndusInd Bank's bull run continues
livemint.com - 12 Oct 2016 22:19The Biggest Thing Between the Fed and a Rate Hike: The Election
Wall Street Journal - 12 Oct 2016 22:16
Meeting minutes show that the Federal Reserve is aiming to raise rates before the end of the year. But if the presidential election roils markets, all bets are off.
Global steel demand: a slippery customer
livemint.com - 12 Oct 2016 21:54
Any sharp turns in China's policies are a main risk as is the continued weakness in developed economies
Noteworthy Wednesday Option Activity: PCLN, KMI, DAL
Forbes - 12 Oct 2016 21:46
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Priceline Group Inc. (NASD: PCLN), where a total of 6,702 contracts have traded so far, representing approximately 6...
Azure Power debuts at a discount on NYSE
livemint.com - 12 Oct 2016 21:30
The first Indian renewable energy company to list in the US stock market debuted at $16.12, down from the IPO price of $18
Ferrari: Fasten Your Seat Belts
Forbes - 12 Oct 2016 21:30
In a June 3 Forbes.com article, John Archer highlighted the strengths of Ferrari's pricing power and iconic brand name. But at that time, he felt that a slightly greater "margin of safety" between the market price of the...
Here's How Viacom Can Benefit From Its Launch On DIRECTV Now
Forbes - 12 Oct 2016 20:41
Recently, Viacom announced that its portfolio of premium networks will launch on the new AT&T streaming service DirectTV Now. Starting in the fourth quarter of 2016, Viacom’s popular networks, such as Comedy Central, ...
Wednesday's ETF Movers: GDX, FBT
Forbes - 12 Oct 2016 20:24
In trading on Wednesday, the Gold Miners ETF (GDX) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of B2Gold (BTG), up about 4.1% and shares of Tor...
Wednesday Sector Laggards: Biotechnology, Drugs
Forbes - 12 Oct 2016 20:20
In trading on Wednesday, biotechnology shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Nymox Pharmaceutical (NYMX), off about 6.5% and shares of Fate Therapeutics ...
Gap Inc. Shares Soar Despite A Decrease In Sales
Forbes - 12 Oct 2016 20:16
Gap Inc‘s share rose 15% on Friday, after the company reported a 3% decrease in comparable sales in September, on October 6, 2016. Total sales declined 2% to $1.43 billion. However, a fire at one of Gap’s distributio...
VNQ, IPF: Big ETF Outflows
Forbes - 12 Oct 2016 19:52
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard REIT ETF (VNQ), where 5,689,825 units were destroyed, or a 1.4% decrease...
Wednesday Sector Leaders: Music & Electronics Stores, Insurance Brokers
Forbes - 12 Oct 2016 19:20
In trading on Wednesday, music & electronics stores shares were relative leaders, up on the day by about 4.4%. Leading the group were shares of Voxx International (VOXX), up about 31.4% and shares of Best Buy (BBY) up ab...
Azure Power debuts at a discount on NYSE
livemint.com - 12 Oct 2016 19:11
Shares of solar energy firm Azure Power debuted on the NYSE at $16.12, lower than the issue price of $18