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Market News

Location American Market News for 27 January 2017

Apple's Hunt for Marginal Gains

Wall Street Journal - 27 Jan 2017 21:06
It is too early to know what exactly Apple has in mind for the next iPhone. It isn't too early to think about what it might cost -- for both the company and its customers.
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India's Growth Doesn't Have a Story

Wall Street Journal - 27 Jan 2017 06:37
In one of the world's fastest-growing economies, headline growth numbers of over 7% might look good when global growth is sagging but the underlying drivers aren't so solid.
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UBS Shows Why U.S. Is Promised Land for Banking

Wall Street Journal - 27 Jan 2017 16:31
The bounce in U.S. market activity is the big story for European private and investment banks, even as the rest of the world remains subdued. For UBS of Switzerland that's a mixed blessing.
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Weak Yen Is Only Slight Reprieve for Bank of Japan

Wall Street Journal - 27 Jan 2017 12:41
While a weaker currency gives the Bank of Japan a much-needed reprieve, it still isn't reason to celebrate.
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Ghost of 1990s is haunting dollar and slowing further gains The underlying concern is that Donald Trump's protectionist moves will likely be accompanied by a preference for a weaker dollar, hurting foreigners' desire for US assets
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The Week Ahead: Wait For Signs Of A Trump Bear Market Still the burst of enthusiasm will not dissipate for some time and I think there will be clear evidence before we see a Trump bear market or meaningful correction. Therefore investors should stay with stocks until there ...
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Bottomline Technologies Faces Significant Competition, Overvalued Stock Price Red flags appear when a firm sacrifices profitability to join the cloud and transitions to a business model with negative margins. Add in significant competition and an overvalued stock price and investors should be runn...
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AMD: The Year 2016 In Review

Forbes - 27 Jan 2017 21:21
AMD's stock price appreciated about 300% in 2016, indeed a best-performing stocks of 2016. The company's performance in 2016 signals that it is has made considerable progress on its strategy to improve its business by ga...
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Why Merck's Pricing Candor is Good for Big Pharma

Wall Street Journal - 27 Jan 2017 21:07
Merck publishing its list of average price increases shows how big pharma is starting to strike the right note in the battle over high drug prices.
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Microsoft has been able to leverage the popularity of its enterprise offerings to cross-sell its cloud products. Microsoft reported its Office Commercial Products and Cloud services revenue grew 7% in constant currency, ...
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Robert Half reported fourth-quarter earnings per share of 61 cents versus a Thomson Reuters estimate of 64 cents.
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Oversold Conditions For Bed, Bath & Beyond

Forbes - 27 Jan 2017 19:42
Oversold Conditions For Bed, Bath & Beyond In trading on Friday, shares of Bed, Bath & Beyond, Inc. (NASD: BBBY) entered into oversold territory, hitting an RSI reading of 27.9, after changing hands as low as $39.845 per share.
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Enbridge Energy Partners is Now Oversold

Forbes - 27 Jan 2017 19:42
Enbridge Energy Partners is Now Oversold In trading on Friday, shares of Enbridge Energy Partners, L.P. (NYSE: EEP) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $21.865 per share.
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Neutral Investor Sentiment Rises To Highest Level Since The Election The percentage of individual investors describing their short-term market outlook as "neutral" is at its highest level since the election, according to the latest AAII Sentiment Survey.
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Waddell & Reed Financial Becomes Oversold

Forbes - 27 Jan 2017 18:33
Waddell & Reed Financial Becomes Oversold But making Waddell & Reed Financial Incorporated an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of WDR entered into oversold territory, changing hands as low as $17.44...
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RSI Alert: CBL & Associates Properties Now Oversold But making CBL & Associates Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of CBL entered into oversold territory, changing hands as low as $9.94 per sh...
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Ex-Dividend Reminder: Skyworks Solutions, Franklin Electric and TC PipeLines on 1/31/17, Skyworks Solutions, Inc. (NASD: SWKS), Franklin Electric Co., Inc. (NASD: FELE), and TC PipeLines, LP (NYSE: TCP) will all trade ex-dividend for their respective upcoming dividends.
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Ex-Dividend Reminder: Citizens Financial Group, Northwest Bancshares and Adtran on 1/31/17, Citizens Financial Group Inc (NYSE: CFG), Northwest Bancshares, Inc. (NASD: NWBI), and Adtran, Inc. (NASD: ADTN) will all trade ex-dividend for their respective upcoming dividends.
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Key Takeaways From AT&T's Earnings

Forbes - 27 Jan 2017 16:17
Key Takeaways From AT&T's Earnings AT&T , the second largest wireless carrier and largest pay TV operator in the United States, published its Q4 2016 results on Wednesday, meeting market expectations on earnings, although revenues missed estimates amid a ...
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GAAR from 1 April, to be invoked in fair and rational manner: Tax dept CBDT seeks to assuage foreign investor concerns, says adequate procedural safeguards are in place to ensure that the tax evasion rules are invoked in 'a uniform, fair and rational manner'
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Chevron reported a second straight quarter of profits, but low oil and gas prices dragged the company to an annual loss.
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In recent trading, shares of Cheniere Energy Inc. (AMEX: LNG) have crossed above the average analyst 12-month target price of $50.40, changing hands for $50.42/share.
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