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Market News

Location American Market News for 27 February 2017

Samsung's Latest Crack at Windows

Wall Street Journal - 27 Feb 2017 21:42
Tablet sales have been falling, but Surface has proved demand for business-focused devices.
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Priceline Sales Soar 17% On Surge In Hotel Reservations The online travel company beat estimates on its top and bottom line during the fourth quarter.
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Two Retailers, One Big Worry

Wall Street Journal - 27 Feb 2017 22:45
Target and Best Buy are moving in opposite directions, but they both have reason to fear a border tax.
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As Economy Normalizes, Politics Holds Less Sway Commonwealth's Brad McMillan explains why politics seems to be playing less of a role in the economy and stock market.
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The New Normal for Drug Makers

Wall Street Journal - 27 Feb 2017 21:17
There were fewer double-digit price increases during the annual beginning-of-the-year price hikes as the pharmaceutical industry fights a wave of bad publicity.
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Sebi hires external adviser to find gaps in algo trade systems Sebi has appointed the external expert for recommending new norms for high-frequency trading, or HFT, after floating a discussion paper in August 2016
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Gap Inc. Earnings Takeaways: Old Navy Drives Growth Gap Inc. reported its fourth quarter and fiscal year 2016 results on February 23, 2017, wherein the company reported a comparable sales increase of 2%.
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Radio City owner Music Broadcast's IPO to be offered at Rs324-333 price band Radio City operator Music Broadcast plans to raise up to Rs400 crore in primary capital in the initial public offering (IPO) slated for 6 -8 March
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Facebook Looks To Get The Ball Rolling On WhatsApp Monetization In India After appointing a COO for WhatsApp, Facebook is now working rapidly towards monetization of the platform. Reports suggest that the company is working on "WhatsApp For Business," a version of the app aimed at small enter...
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Goldman Says To Sell Tesla, Gorden Lam Will Be Buying On The Pullbacks Last week Tesla made a new high surpassing its previous 52 week high of $280. Today, it is trading off nearly 5% after Goldman Sachs downgraded it to a sell. Gorden Lam says he is buying on the pullbacks.
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Donald Trump's address to Congress risks trillions of dollars For investors relying on campaign promises of a pro-growth agenda to push US stocks to record highs, Donald Trump's speech to Congress couldn't come any sooner
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Global Exchanges Merger Game Gets a Restart---Again

Wall Street Journal - 27 Feb 2017 18:18
The Deutsche Börse and London Stock Exchange tie-up looks set to fail. That opens the door for NYSE-owner InterContinental Exchanges.
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Shares of Sotheby's climbed more than 11 percent to reach a 52-week intraday high Monday.
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Sebi working on new norms to curb misuse of social media, says U. K. Sinha Sebi is planning a new set of regulations to check misuse of social media for 'misguiding investors' with false promises of high returns, says Sinha
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Markets Appear In Waiting Mode Ahead Of Trump, Yellen Speeches Keep an eye on the VIX. It's been barely budging in recent sessions and the Fed may be worried about that.
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Investing In A Time Of Political Uncertainty After the election and through the beginning of 2017, markets have rallied on the likely impact of corporate and personal income tax cuts, infrastructure spending, and deregulation. This market enthusiasm may be overly o...
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Advanced Micro Devices' 2016 Loss Less Than Reported Yesterday, analysts parsed 92 filings and collected 13,987 data points. In total, they made 2,451 adjustments with a dollar value of $1.6 trillion. Analyst Hunter Gray found an unusual item in Advanced Micro Devices' (AM...
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Tesla slumps in pre-market trading as Goldman downgrades stock Goldman analyst David Tamberrino downgraded the Tesla stock to sell from neutral and trimmed his six-month price target to $185 from $190
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How To Trade Cisco, Merck And 2 Other Stocks That Helped The Dow Hit New Highs These four stocks aided in propelling the Dow to a series of new highs.
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Here's Why Ford Is Investing In Argo AI

Forbes - 27 Feb 2017 15:33
Recently, Ford Motors announced that it will invest $ 1 billion over the next five years in Argo AI (a start-up founded by former Google and Uber leaders) which has expertise in robotics and artificial intelligence softw...
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Predicting Trouble

Forbes - 27 Feb 2017 15:18
Predicting Trouble As Groundhog Day gives way to March Madness, predictions are in the air. Being wrong is an understood part of the predicting game, except in one place: financial forecasting. In this arena, companies are judged by how th...
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How To Ace Public Service Loan Forgiveness

Forbes - 27 Feb 2017 15:02
How To Ace Public Service Loan Forgiveness Public Service Loan Forgiveness can save you thousands of dollars on your student loans. Do you qualify?
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