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Market News

Location American Market News for 24 January 2017

Verizon Can't Find the Next Big Thing

Wall Street Journal - 24 Jan 2017 20:22
Verizon doesn't need to follow AT&T, but its earnings show it needs to chart a growth path away from wireless.
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Alibaba Lifts Outlook After Sales Rocket 54% Higher The Chinese consumer is really coming through for Alibaba.
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Alcoa reports quarterly loss

CNBC - 24 Jan 2017 23:51
Alcoa Corp reported a loss in its first quarterly results after the metals company split into two in November.
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Under Armour CEO Kevin Plank stated that "data is the new oil" and that the most successful companies in the world are now using data analytics to weed out competition. Hence, we see that Under Armour has made leaps and ...
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Tuesday Sector Leaders: Materials, Energy

Forbes - 24 Jan 2017 21:34
Tuesday Sector Leaders: Materials, Energy The best performing sector as of midday Tuesday is the Materials sector, up 2.4%. Within the sector, Freeport-McMoran Copper & Gold (NYSE: FCX) and Mosaic Co (NYSE: MOS) are two large stocks leading the way
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Tuesday Sector Laggards: Healthcare, Utilities Looking at the sectors faring worst as of midday Tuesday, shares of Healthcare companies are underperforming other sectors, showing a 0.3% loss. Within the sector, Endo International plc (NASD: ENDP) and Waters Corp. (NY...
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Earnings Preview: What To Expect From Comcast On Thursday Comcast is expected to report earnings of $0.87/share on $20.62 billion in revenue. Meanwhile, the so-called Whisper number is $0.87. The Whisper number is the Street's unofficial view on earnings.
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Trader, FBI Informant, Inmate: My Involvement In The Biggest Insider-Trading Investigation In U.S. History I went from making millions of ill-gotten dollars to being incarcerated in a federal prison. I was the key witness in the largest U.S. insider-trading investigation to date. Here's what I learned and how I'm trying to mo...
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The $12 Trillion Opportunity Ripe For Investing Dollars: Advancing Gender Equality A joint report from BNY Mellon and the U.N. Foundation shows just how much money could be unlocked by narrowing the gender gap and getting women more involved in the global economy: upwards of $12 trillion.
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Bad Sign for Pharma in Blockbuster Category's Struggles

Wall Street Journal - 24 Jan 2017 20:24
Blockbuster drug sales might be slowing down across the industry.
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Trump Profit Boom? Executives Stay Mum

Wall Street Journal - 24 Jan 2017 20:24
Investors and analysts are predicting strong profit growth under the new presidential administration but company executives are more cautious.
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Brazil Is Still A Complete Mess

Forbes - 24 Jan 2017 20:21
Brazil Is Still A Complete Mess After a long seven year absence, Sao Paulo looks worse than it has in years. Don't be fooled, Brazil is scraping along the bottom. Liftoff is not going to be explosive.
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PM Modi Might Need To Intervene Directly For Apple To Set Up Manufacturing In India PM Modi needs to give Apple the green light directly
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HealthSouth Enters Oversold Territory

Forbes - 24 Jan 2017 19:12
HealthSouth Enters Oversold Territory But making HealthSouth Corp an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of HLS entered into oversold territory, changing hands as low as $38.96 per share.
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Alibaba Needs Strength Beyond Its Core

Wall Street Journal - 24 Jan 2017 19:11
The Chinese e-commerce giant reports another blowout quarter, yet it has failed to prove it can earn significant profits beyond its core business.
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Western Union Enters Oversold Territory

Forbes - 24 Jan 2017 19:10
Western Union Enters Oversold Territory But making Western Union Co an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of WU entered into oversold territory, changing hands as low as $20.32 per share.
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BlackRock's Larry Fink: Companies Better Not Use A Tax Holiday Just To Buy Back More Stock One of the biggest names on Wall Street has issued a warning to companies who might be getting a tax break under President Trump.
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Grab This Bargain Even Cheaper Than Chief Financial Officer Coltharp Did There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 9, HealthSouth Corp's EVP & Chief Financial Officer, Douglas E. Col...
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Why Investors Shouldn't Go Bottom Fishing for Turkey

Wall Street Journal - 24 Jan 2017 18:22
The Central Bank of Turkey tightened policy, but not by enough to change the mind of bearish investors.
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Idea Cellular plans to raise Rs2,000 crore through NCDs The tenure of the unsecured redeemable non-convertible debentures would be five years and are proposed to be listed on National Stock Exchange
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Reliance Jio impact: Airtel's Q3 results are bad enough, but Idea's could be much worse The impact of Reliance Jio's free services have started hitting profits of telecom companies, as Airtel's Q3 results showed Tuesday
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Remember ABX? Wall Street said to test new mortgage bond index New York-based Vista Capital Advisors has been working on the project for several years with Intercontinental Exchange Inc
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