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Market News

Location American Market News for 23 February 2017

'Tailored' Accounting Takes Companies Into Alternate Reality

Wall Street Journal - 23 Feb 2017 19:36
Recent moves by the Securities and Exchange Commission serve as a reminder that non-GAAP corporate results should be digested with a grain of salt.
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Hong Kong, one of Tesla's best markets in the world, is curbing an electric vehicle subsidy, which could prove very painful.
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Bharat Electronics: Huge opportunity, but execution is key Buzz about the defence sector has driven up the Bharat Electronics Ltd stock 34% in the last one year
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Gap CEO: Retail Bankruptcies Are Actually Good News For Us Fewer stores to shop at? Good. Come to Gap.
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Market round-up | Refining margins maintaining strength In other news, smaller firms worst hit by demonetisation; Hybrid Annuity Model projects gain momentum
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Why Activision Blizzard's Stock Increased By 60% In The Last Year Gaming giant Activision Blizzard's stock has rallied by almost 60% in the last year following strong results in all four quarters of the last fiscal year. The company's performance was particularly impressive in the most...
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Why Facebook Is Focusing On Live Sports

Forbes - 23 Feb 2017 20:36
Reports suggest that Facebook's is in talks with Major League Baseball to live stream one game per week on its platform. Both Facebook and Twitter are looking at live sports as a key catalyst to drive user engagement, gr...
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Buy Low And Sell High With This Strategy

Forbes - 23 Feb 2017 20:31
Randy Swan: In 1997 I designed and created the Swan Defined Risk Strategy (DRS) to manage risk directly using options to hedge out most of the market risk. Philosophically, we don't believe in market timing or stock sele...
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Sina Blows Away Estimates, Investors Blow Off Sina Why is Sina selling off despite stellar earnings?
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Maybe I've missed a few, but I can't find 400 hitters in the Icahn, Soros and Bill Ackman crowd. Aggressive stock pickers like Carl Icahn and Bill Ackman doggedly run highly compressed portfolios in one-off stocks like C...
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True Profit Picture At Phillips 66 Much Brighter Than Reported Numbers Yesterday, our analysts parsed 56 filings and collected 7,941 data points. In total, they made 1,335 adjustments with a dollar value of $351 billion. In particular, analyst Hunter Gray found an unusual item in Philips 66...
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What Airtel gains from its Telenor acquisition

livemint.com - 23 Feb 2017 17:43
What Airtel gains from its Telenor acquisition Airtel's Telenor acquisition provides the telecom major much-needed ammunition--spectrum, larger user base--against Reliance Jio
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Barclays Leaves Investors Behind on Road to Recovery

Wall Street Journal - 23 Feb 2017 16:10
Barclays returned to profit in 2016 but investors aren't getting to share in the recovery yet, even as its bankers are doing just fine.
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Tesla Drives on the Edge

Wall Street Journal - 23 Feb 2017 15:44
Tesla's recent stock surge is a gift investors should accept.
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Netflix appears to be increasing its focus on consumer products. A Bloomberg report suggests that the company is looking to hire an executive to oversee the licensing of shows for books, toys and comics and forge partner...
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Sina-Weibo: How to Invest in a Successful Version of Twitter

Wall Street Journal - 23 Feb 2017 15:41
Advertising income has surged at Twitter's Chinese counterpart, Weibo, as short video ads and live streaming take off.
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Earnings Preview: What To Expect From J C Penney On Friday J C Penney is expected to earn $0.62/share on $3.97 billion in revenue. Meanwhile, the so-called Whisper number is $0.64. The Whisper number is the Street's unofficial view on earnings.
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Some big investors are worried about what President Donald Trump's actions might do to the stock market. That doesn't mean they will bet against the rally. At least not yet.
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In its Q4 2016 earnings call, L'Oreal admitted to exploring options to sell off its ownership of The Body Shop. The persistent weak performance of the Sussex-based beauty retailer, which is known for its natural and fair...
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Department store operator Kohl's reported a better-than-expected quarterly profit, helped by higher margins despite a 2.8 percent drop in sales.
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Bharat Electronics stake sale: Govt raises Rs1,600 crore The govt raised over Rs1,600 crore from its 5%stake sale in Bharat Electronics after retail investors bid more than 3.6 times the shares offered to them
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Cashed Up Glencore Heads Back Into The Fray

Wall Street Journal - 23 Feb 2017 13:27
Mining giant Glencore hasn't wasted any time since its crisis to pivot back to acquisitions.
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