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Market News

Location American Market News for 10 November 2016

Macy's Mines Value in Its Stores

Wall Street Journal - 10 Nov 2016 21:49
Macy's real-estate plans and store closures already are helping it arrest profitability declines.
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Metals get a leg-up from Donald Trump win

livemint.com - 10 Nov 2016 21:17
Metals get a leg-up from Donald Trump win Analysts expect industrial metals including zinc, steel, iron ore, cement and nickel to benefit from an increased focus on infrastructure
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Trump Faces Legal Challenges In Dismantling Obama's Legacy Trump has vowed to wipe away Obama's legacy of executive actions and regulations, but some of them will be tough to reverse.
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Biotech Company Bloodied by Sales Investigation

Wall Street Journal - 10 Nov 2016 18:38
A delayed filing by Alexion Pharmaceuticals threatens to worsen a rare disease biotech company's rough year.
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Sausage Play Devro Skids 23% Lower! Is This A Fresh Buying Opportunity? A profit warning has driven Devro's share price to six-and-a-half-year lows. Should you sell or stock up?
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JPMorgan Chase Reaches Analyst Target Price

Forbes - 10 Nov 2016 17:26
In recent trading, shares of JPMorgan Chase & Co (NYSE: JPM) have crossed above the average analyst 12-month target price of $70.17, changing hands for $73.25/share. When a stock reaches the target an analyst has set, th...
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Macy's To Wring Value Out Of Real Estate Amid Declining Sales, Profits The department store will allow Brookfield to explore development opportunities at some 50 real estate locations.
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Short Interest In Wyndham Worldwide Drops 21.2% The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 1,807,747 share decrease in total short interest for Wyndham Worldwide Corp (NYSE: WYN), to 6,711,310, a decrease of...
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Short Interest In Exelixis Increases 11.5%

Forbes - 10 Nov 2016 23:15
Short Interest In Exelixis Increases 11.5% The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 1,976,385 share increase in total short interest for Exelixis Inc (NASD: EXEL), to 19,196,254, an increase of 11.48%...
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Digital Realty Trust Becomes #9 Most Shorted S&P 500 Component, Replacing Garmin The most recent short interest data has been released for the 10/31/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days t...
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Thursday Sector Leaders: Financial, Services In afternoon trading on Thursday, Financial stocks are the best performing sector, up 2.2%. Within that group, Affiliated Managers Group Inc. (NYSE: AMG) and Ameriprise Financial Inc (NYSE: AMP) are two of the day's stan...
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Citigroup's Preferred Stock, Series J Shares Cross 6.5% Yield Mark In trading on Thursday, shares of Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J (NYSE: C.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1....
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Notable Thursday Option Activity: PG, STZ, AET Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Procter & Gamble Co. (NYSE: PG), where a total volume of 79,682 contracts has been traded thus far today, a...
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Making America Spend Again Versus Isolationism

Wall Street Journal - 10 Nov 2016 19:50
The car industry embodies investors' Trump dilemma.
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December 30th Options Now Available For Oracle (ORCL) Investors in Oracle Corp (NYSE: ORCL) saw new options become available today, for the December 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ORCL options chain for the new D...
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Wal-Mart Stores Becomes #6 Most Shorted Dow Stock, Replacing Travelers Companies The most recent short interest data has been released for the 10/31/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industri...
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After acquiring a $500 million stake in Uber's competitor Lyft, General Motors is now partnering with the former to provide vehicles to Uber drivers in San Francisco as part of its "Maven" program. Under this partnership...
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Johnson Controls Powers Through Its Financial Year 2016 Johnson Controls fell to a fourth quarter loss amid costs linked to the spinoff of its auto-parts business, Adient, and its merger with Tyco. However, revenue and adjusted earnings per share exceeded expectations.
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Kohl's also reaffirmed its full-year earnings-per-share guidance of $3.80 to $4, excluding items such as store closings.
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Short Interest Drops 13.5% For PII

Forbes - 10 Nov 2016 23:00
Short Interest Drops 13.5% For PII The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 1,856,856 share decrease in total short interest for Polaris Industries Inc. (NYSE: PII), to 11,896,420, a decrease ...
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CYS Investments Enters Oversold Territory

Forbes - 10 Nov 2016 22:58
CYS Investments 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 -- s...
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Iron Mountain (IRM) Shares Cross 7% Yield Mark Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Iron Mountain Inc (NYSE: IRM) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.20), with ...
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