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Market News

Location American Market News for 17 March 2017

VW's Rough Patch Spells Opportunity for Investors

Wall Street Journal - 17 Mar 2017 12:21
Investors don't expect much of Volkswagen, but that is precisely why the problem-laden German car maker should make a decent investment.
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Toshiba Needs to Contain Its Nuclear Problems

Wall Street Journal - 17 Mar 2017 10:33
The Japanese conglomerate's options for its troubled Westinghouse subsidiary are unappealing.
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Take Advantage Of Donald Trump's Tweets To Buy Top Biotechs Everytime Donald Trump tweets about drug prices, biotech stocks take it on the chin. Bruce Pile believes these episodes are giving informed investors good entry points for some of the best names in biotech.
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Adobe posted its fiscal Q1 results on Thursday, March 16. Adobe reported that its revenues grew by over 21% to $1.68, above its guidance range. The company continued to report growth in its cloud revenues with Creative C...
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Reports suggest that Indian e-commerce player Flipkart is likely to receive an investment of $1.5 billion led by eBay and Tencent. These reports also suggest that after this investment eBay could merge its Indian operati...
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Reliance Capital's CPSE ETF subscribed 3.7 times

livemint.com - 17 Mar 2017 18:19
Reliance Capital's CPSE ETF subscribed 3.7 times Open for subscription 15-17 March, the institutional portion of the CPSE ETF managed by Reliance Capital was subscribed 7.6 times
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Unusual Tax Gains Drive Reported Profit At Pzena Investment Management The latest forensic accounting red flag is from an investment management firm with reported profit growth that comes entirely from unusual tax gains.
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Medical Device Company's Growth Driven By One-Time Gain The latest forensic accounting red flag is from a small medical device company with unsustainable growth driven by a one-time gain.
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Patent Holder With Material Weakness In Internal Control from yesterday's research, analyst parsed 94 10-K filings and collected 11,843 data points. In total, they made 1,961 forensic accounting adjustments with a dollar value of $79 billion. Analyst Cody Fincher found an unus...
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Gold prices gain further on sustained demand

livemint.com - 17 Mar 2017 14:35
Gold prices gain further on sustained demand Standard gold prices firmed up by Rs70 per 10 grams to end at Rs28,490
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Tiffany reported better-than-expected quarterly profit, helped by strong demand for its jewelry in Japan and China, as well as price hikes and lower costs.
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Tesla Overhang Disappears But Negativity Increases Tesla remains an enigma like its CEO & founder
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Tech IPOs: The Price of a Good Kick

Wall Street Journal - 17 Mar 2017 12:22
Snap, MuleSoft debuts signal a thaw for tech listings, but high pre-IPO valuations will remain an issue longer term.
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Music Broadcast makes stock market debut at 26% premium Music Broadcast, which runs Radio City FM, was subscribed 39.3 times for its Rs400 crore IPO last week
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ITC shares jump 7% with GST on cigarette seen as neutral Other cigarette companies VST Industries, Golden Tobacco and Godfrey Phillips India jumped up to 4% too
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Global gold prices head for first weekly gain in three as Fed signal hurts dollar Spot gold prices were up 0.1% at $1,227.11 per ounce by 8.38am, after hitting its highest since 6 March in the previous session at $1,233.13
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Live: Nifty breaches 9,200 mark, Sensex hits 2-year high; ITC shares up 7% BSE Sensex trades higher by 108 points, or 0.36%, to 29,694, while the Nifty 50 rises 12 points, or 0.13%, to 9,165. Here are the latest updates
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Rupee weakens marginally against US dollar

livemint.com - 17 Mar 2017 05:53
Rupee weakens marginally against US dollar At 9.15am, the rupee was trading at 65.53, down 0.18% from its previous close of 65.41
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A $33 billion manager says history on side of Indian equities The value of Indian equities has climbed to $1.82 trillion after Nifty rebounded from a low in Dec as data showed the (Indian) economy is recovering from Narendra Modi's 8 Nov demonetisation drive
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Opening bell: Asian markets open mixed; Reliance Capital, ONGC in news Honda Motor will develop a global middleweight motorcycle to compete with Eicher Motors Ltd's Royal Enfield
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For all the negative news flow, IT stocks have done fairly well The biggest reason IT stocks have done relatively well in the past four months is that investors find valuations reasonable vis- -vis the rest of the market
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Global trade turns around

livemint.com - 17 Mar 2017 04:02
Global trade turns around India, Australia, Brazil and others post export growth in February
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