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Market News

Location American Market News for 1 February 2017
India may not export much, but the Trump administration is taking on one of the few things it does: IT services.
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Yet Another Reason to Worry About Chipotle

Wall Street Journal - 1 Feb 2017 23:02
The Trump administration's proposed 20% import tax on goods from Mexico adds another concern for burrito chain Chipotle.
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As World Economies Expand Together, How Long Can It Last?

Wall Street Journal - 1 Feb 2017 19:27
Global growth has been unusual lately. It has been surprisingly global--without a major malfunction in a really big economy. This is welcome news for investors, but the balance is also a fragile one.
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How competitive the online travel industry is! Leading players try growing by acquisitions and organically.To remain ahead of competition, players need to always innovate and offer better products and services to their c...
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The company said it will restructure in 2017 -- a plan that would include a 13 percent reduction in its workforce, affecting 260 employees.
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What will Budget 2017's impact be for consumers?

livemint.com - 1 Feb 2017 23:18
What will Budget 2017's impact be for consumers? Government's approach in Budget 2017seems to allow consumption to revive by itself, without creating inflationary pressures, on the back of improving economic conditions
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Budget 2017: A soothing balm for banks but no lasting cure The budget's direct measures did fall short for the banking sector but the knock-on effects of other steps will eventually help banks
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Budget 2017: No big-bang measures in energy sector, but directionally positive Oil subsidy allocation may be slightly on the conservative side to meet industry needs for 2017-18, but there is a risk if the increase in oil prices is more than anticipated
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Budget 2017: The farm sector impact

livemint.com - 1 Feb 2017 23:12
Budget 2017: The farm sector impact Despite a reduction in costs necessitating a lower subsidy requirement, govt has retained subsidy at current-year levels, which can help reduce previous years' dues
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What will be the impact of Budget 2017 on infrastructure? Infrastructure, mainly roads and railways remains at the forefront of the budget. This, along with incentives for affordable housing, should result in a positive multiplier effect​
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Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations.
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Can Trump Add One Multiple To The S&P 500?

Forbes - 1 Feb 2017 22:48
Can Trump Add One Multiple To The S&P 500? I may not like how President Trump conducts himself, but, after all, his business life was immersed in real estate development. The biggest plus I see for Trump is his capacity to enlarge the capital formation prospects ...
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T. Rowe Price Shows New Way Active Managers Are Losing Ground

Wall Street Journal - 1 Feb 2017 22:33
The latest set of quarterly results from fund managers show passive-investment vehicles are continuing to disrupt the industry.
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Wednesday Sector Leaders: Materials, Healthcare Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, higher by 0.6%.
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Extra Space Storage Named Top Dividend Stock With Insider Buying and 4.34% Yield (EXR) So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Extra Space Storage Inc (NYSE: EXR), which saw buying by Director Dennis J. Letham.
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US Federal Reserve nods to improving sentiment while leaving rates unchanged Policy makers reiterated their expectations for moderate economic growth, 'some further strengthening' in the labour market and a return to 2% inflation
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The Fed Expects 'Further Strengthening' Of Labor Market But Leaves Interest Rates Unchanged The Federal Reserve hinted in December that it would raise interest rates three times in 2017, but Fed watchers are going to have to wait at least another month to see the first of those three hikes: The Fed said Wednesd...
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AMD reported earnings on January 31st. Revenue for the quarter grew 15% year to year, driven by GPU sales. But they were down 15% sequentially on the seasonality of its customers. Growth was led by a the computing and gr...
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OPEC Acing a Challenging Oil Market Test So Far

Wall Street Journal - 1 Feb 2017 20:23
OPEC is cheating on oil quotas much less than is typical, helping crude hang on to late 2016 gains.
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Advance Auto Parts is Now Oversold

Forbes - 1 Feb 2017 19:05
Advance Auto Parts is Now Oversold In trading on Wednesday, shares of Advance Auto Parts Inc (NYSE: AAP) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $159.83 per share.
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RSI Alert: Pitney Bowes (PBI) Now Oversold

Forbes - 1 Feb 2017 19:05
RSI Alert: Pitney Bowes (PBI) Now Oversold In trading on Wednesday, shares of Pitney Bowes Inc (NYSE: PBI) entered into oversold territory, hitting an RSI reading of 22.1, after changing hands as low as $12.78 per share.
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F5 Networks Enters Oversold Territory

Forbes - 1 Feb 2017 19:04
F5 Networks Enters Oversold Territory In trading on Wednesday, shares of F5 Networks, Inc. (NASD: FFIV) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $131.54 per share.
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