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Market News

Location American Market News for 9 February 2017
Opening bell : Global equities mixed; Cipla, Hero MotoCorp, Lupin in focus In other news, aviation consultancy CAPA expects the domestic air traffic to grow 25% and cross 130 million in 2017-18
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While Investors Wait On The President To Sign Cybersecurity Bill, CyberArk Reports Earnings Tonight CyberArk earnings on tap amidst cybersecurity Executive Order hopes
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Global gold prices near three-month high on heightened political uncertainty Spot gold prices dipped 0.1% to $1,240.46 per ounce at 8.13am. On Wednesday, the metal touched its highest since 11 November at $1,244.67
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Malabar Group expects revenue growth to be hit by demonetisation, eyes IPO Malabar Group is planning an initial public offering 'latest by 2018', said company chairman M.P. Ahammed
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Will Hero MotoCorp's heroic surge in margins sustain? The question investors need to consider is whether the huge outperformance of Hero MotoCorp's operating margin will sustain in the coming quarters in the face of steadily rising costs
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JSW Infrastructure aims to list shares in FY19

livemint.com - 9 Feb 2017 06:22
JSW Infrastructure aims to list shares in FY19 JSW Infrastructure plans to list its shares on local bourses in FY19 as it draws an expansion plan to increase operating profit and cargo-handling capacity
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Live: Sensex, Nifty erase early gains; banking stocks fall BSE Sensex trades lower by 89 points, or 0.31%, to 28,203, while the Nifty 50 falls 34 points, or 0.39%, to 8,735
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Midcaps rally to sustain but volatility seen during assembly election results Analysts and market investors are optimistic on midcap stocks and think that the sector will continue to see good appetite going forward
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Rupee breaches 67 mark, hits three-month high against US dollar At 9.17am, the home currency was trading at 66.96, up 0.32% from its previous close of 67.19
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Even Donald Trump Can't Save Twitter

Wall Street Journal - 9 Feb 2017 04:41
If Twitter can't materially benefit from a phenomenon like Trump, it probably won't from anything else either.
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NTPC delivers stable December quarter; capacity additions key NTPC's December quarter performance, though broadly in line with Street estimates, has nothing to be excited about
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RBI rediscovers its spine

livemint.com - 9 Feb 2017 04:19
RBI rediscovers its spine RBI's monetary policy committee is in the process of building a reputation that it does not answer to the whims of the government
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Did Cognizant just say goodbye to a 'growth-at-all-costs' mindset? Cognizant will start paying dividends as well as increase the quantum of buy-backs substantially
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Cleanup In Aisle 1: Whole Foods Misses Expectations With Q1 Sales, Outlook Whole Foods' first quarter sales came in lower than expected, sending the stock for a slide in late Wednesday trading.
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Will U.K. Sinha exit Sebi with a bang?

livemint.com - 9 Feb 2017 23:49
Will U.K. Sinha exit Sebi with a bang? Outgoing Sebi chairman UK Sinha could very well address the NSE algo trading case and prevent it from becoming another NSEL scam, before his tenure ends
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Nvidia's quarterly revenue surged more than 50 percent for the second straight quarter and beat expectations.
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Online travel services company Expedia did report a 23.2 percent rise in fourth-quarter revenue, helped by higher gross bookings.
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iRobot is Now Oversold

Forbes - 9 Feb 2017 23:44
iRobot is Now Oversold In trading on Thursday, shares of iRobot Corp (NASD: IRBT) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $52.12 per share.
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Legacy media companies have sought to grow their digital subscriber bases amid a sector-wide struggle against steep declines in print advertising revenue.
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Yelp expects $25 million to $28 million adjusted earnings before interest, tax, depreciation and amortization in the first quarter
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How Intel Is Playing Its Chips

Wall Street Journal - 9 Feb 2017 23:08
The chip maker can afford to spend big to stay on top.
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H&R Real Estate Investment Trust Shares Cross 6% Yield Mark In trading on Thursday, shares of H&R Real Estate Investment Trust (Toronto: HR-UN) were yielding above the 6% mark based on its monthly dividend (annualized to $1.38), with the stock changing hands as low as $22.85 on t...
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