Market News
Oil: GRMs decline sequentially for refining companies
livemint.com - 8 Dec 2016 20:58
Gross refining margins weakened on account of weaker petrol and LPG crack spreads and refining inventory losses versus substantial inventory gains in the June quarter
Rust-Belt Debt Hangs Around Beijing's Neck
Wall Street Journal - 8 Dec 2016 06:23
Good times won't last in China's worst-off, old-economy provinces dominated by steel and coal.
Live: Sensex up over 350 points, Nifty crosses 8,200 mark, metal stocks up
livemint.com - 8 Dec 2016 06:19
BSE Sensex is currently trading higher by 372 points, or 1.42%, to 26,608, while the Nifty 50 of NSE rises 115 points, or 1.42%, to 8,217
PBR Crosses Above Average Analyst Target
Forbes - 8 Dec 2016 16:12
In recent trading, shares of Petroleo Brasileiro S.A. (NYSE: PBR) have crossed above the average analyst 12-month target price of $10.78, changing hands for $10.81/share. When a stock reaches the target an analyst has se...
Are Carrier Jobs In Indianapolis The First Stage Of A Manufacturing Upswing Under Trump?
Forbes - 8 Dec 2016 15:33
President-elect Donald Trump announced last week that air conditioner maker Carrier Corp., a division of United Technologies, would keep hundreds of factory jobs in Indianapolis rather than shutting down the plant there ...
Gold prices rise on weaker dollar ahead of ECB meeting
livemint.com - 8 Dec 2016 07:40
Spot gold rose 0.3% to $1,177.06 an ounce by 8.25am . US gold futures were up 0.1% at $1,179 an ounce
Big Spenders: Businesses on the Cusp of Capital-Spending Rebound
Wall Street Journal - 8 Dec 2016 23:56
Companies have been reluctant to spend, but rising stock-market
Fundraising through QIPs set for a five-year low in 2016
livemint.com - 8 Dec 2016 23:46
BSE companies have raised Rs4,480.5 crore through QIPs in 2016, compared to Rs31,684.2 crore and Rs19,064.9 crore in 2014 and 2015
Relative Strength Alert For Horizon Pharma
Forbes - 8 Dec 2016 23:23
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...
Noteworthy Thursday Option Activity: MGM, FNSR, AZO
Forbes - 8 Dec 2016 22:29
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MGM Resorts International (NYSE: MGM), where a total of 52,565 contracts have traded so far, representing appro...
Notable Thursday Option Activity: ULTI, IBM, DLTH
Forbes - 8 Dec 2016 22:28
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ultimate Software Group, Inc. (NASD: ULTI), where a total volume of 1,823 contracts has been traded th...
Ocado's 'Basket Case' Amid Supermarket Takeover Target Potential
Forbes - 8 Dec 2016 21:42
Ocado, the only UK 'supermarket' in the UK without a bricks and mortar stores presence, today posted another strong period of sales growth in its fourth quarter trading statement. But the average basket size is the 'red ...
Thursday Sector Leaders: Financial, Materials
Forbes - 8 Dec 2016 21:36
Looking at the sectors faring best as of midday Thursday, shares of Financial companies are outperforming other sectors, higher by 1.2%. Within that group, Assurant Inc (NYSE: AIZ) and Mid-America Apartment Communities I...
Automobiles: Uncertain road ahead takes the charm off auto stocks
livemint.com - 8 Dec 2016 21:13
The auto sector results in the September quarter were nothing great to write home about and, added to this, the demonetisation has further deflated investor sentiment
Aviation: SpiceJet lands well
livemint.com - 8 Dec 2016 21:11
Increase in crude oil prices will be a concern considering lower prices played a major role in boosting profitability of airlines in general
The Other Russia-Arab Oil Deal
Forbes - 8 Dec 2016 21:10
Is Rosneft's €10.5 billion deal to sell a 19.5% stake to Qatar and Glencore really that surprising? 5 reasons why it shouldn't be.
Wells Fargo's Preferred Stock, Series O Crosses Above 5.5% Yield Territory
Forbes - 8 Dec 2016 21:10
In trading on Thursday, shares of Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (NYSE: WFC.PRO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2812), ...
Banking: Time for private bank to come off pedestal
livemint.com - 8 Dec 2016 21:09Capital goods: Strong earnings despite muted revenues
livemint.com - 8 Dec 2016 21:08
But analysts fear a liquidity crunch can weigh on execution and on earnings of firms in the rest of the fiscal, and this is weighing on share prices of the companies
Cement: Volumes subdued, cash crunch may add to pain
livemint.com - 8 Dec 2016 21:06
One bright spot could be the government's spending on infrastructure activities, which may support cement demand to a certain extent
FMCG: Tough times to continue in wake of demonetisation
livemint.com - 8 Dec 2016 21:04
The remaining two quarters may feel the brunt of the demonetisation decision, as consumers and the distribution channels adjust to the liquidity crunch