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Market News

Location American Market News for 4 May 2017

Don't Cry for Me, Puerto Rico

Wall Street Journal - 4 May 2017 23:55
Puerto Rico's special status, and that of its citizens, make hard ball negotiations on its debt difficult for hedge funds.
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The Curious Case of Converging Yield Curves

Wall Street Journal - 4 May 2017 18:18
What's the difference between Europe and the U.S.? Not that much, to judge by one bond-market measure.
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HSBC Finds Success, but Not Where It Expected

Wall Street Journal - 4 May 2017 18:01
HSBC's revenues improve, but not thanks to southern China expansion plan.
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Wockhardt gets board nod to raise up to Rs2,200 crore Wockhardt will raise Rs1,200 crore through non-convertible debentures (NCDs) and Rs1,000 crore through equity instruments such as QIP
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Wall Street Shouldn't Ignore Health-Care Overhaul

Wall Street Journal - 4 May 2017 23:14
Investors have barely stirred over the high drama in Washington over the American Health Care Act, but they need to carefully monitor developments as the bill may be less kind to the health-care industry than the Afforda...
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Sprint published a relatively mixed set of Q4'16 results on May 3. While the carrier posted a slightly wider-than-expected loss amid a relatively lackluster postpaid phone performance and mounting competition, its revenu...
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Market round-up: Gold investment demand drops 34% in March quarter In other news, supply outlook for gold turns grim; Taiwan now Asia's biggest foreign funds' destination
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New York Times' Digital Subscriptions Continue To Drive Growth The New York Times Company announced solid fiscal first quarter results on May 3, as both its earnings per share and revenue came in ahead of expectations. NYT reported unprecedented growth in digital subscriptions, whic...
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Facebook Earnings Takeaways: Q1 Was Strong, Ad Growth Guidance A Concern Facebook posted strong first quarter results on Wednesday, with revenues increasing 49% year on year (y-o-y) to over $8 billion, beating Reuters' compiled consensus estimates of $7.84 billion. This was driven by a signif...
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Only nine rookies have ever won the Indianapolis 500 during its 100-year history but Fernando Alonso can join their illustrious ranks later this month, according to his Formula One team boss.
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Tesla's "Anti-selling" Has Investors Selling

Wall Street Journal - 4 May 2017 21:04
Tesla Inc.'s adoption of the soft sell ahead of its most important product yet raised a few eyebrows.
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One of the world's top-performing stock markets has a Facebook issue Social media chatter aimed at stocks has become a fact of life in Pakistan, prompting authorities to crack down
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Is Now the Time to Invest in Marijuana Stocks?

Profit Confidential - 4 May 2017 19:23
Is Now the Time to Invest in Marijuana Stocks? Should You Invest in Marijuana Stocks? One of the most exciting new investment opportunities opening up is the marijuana industry. With multiple companies showing returns of more than 100%, you have what has turned into ...
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Gigamon Stock Is Testing Critical Support

Profit Confidential - 4 May 2017 19:07
Gigamon Stock Is Testing Critical Support GIMO Stock: Holding the Line Gigamon Inc (NYSE:GIMO) stock dropped on April 28, following its earnings report. The catalyst for the drop in the share price has been a result of lower-than-expected forward guidance. GIMO ...
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Facebook's Social Climbing Has Its Price

Wall Street Journal - 4 May 2017 18:28
Five years ago, Facebook had some trouble convincing investors it was worth $100 billion. The social network is worth more than four times that value now, and hence has an even higher bar to clear.
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Why Visa Is Prime Play On Global Expansion

Forbes - 4 May 2017 18:10
Why Visa Is Prime Play On Global Expansion Visa remains a growth juggernaut in financial services
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Ex-Dividend Reminder: LogMeIn, International Business Machines and Waste Connections LogMeIn Inc will pay its quarterly dividend of $0.25 on 5/26/17, International Business Machines Corp. will pay its quarterly dividend of $1.50 on 6/10/17, and Waste Connections Inc will pay its quarterly dividend of $0....
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This REIT Fund Pays 6% And Trades At An 18% Discount Today, I'm going to show you some of my favorite REITs--and a novel way of buying them that lets you do so for 18% off!
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Coal India considering listing on LSE

livemint.com - 4 May 2017 17:53
Coal India considering listing on LSE Coal India and LSE officials met in London in December to discuss the matter but there is no guarantee a listing will happen
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IRB InvIT Fund IPO subscribed 62% on day 2

livemint.com - 4 May 2017 17:47
IRB InvIT Fund IPO subscribed 62% on day 2 The IRB InvIT Fund IPO received bids for more than 15.5 crore shares against the total issue size of over 25 crore shares, as per NSE's data`
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Gold prices fall on weak global cues

livemint.com - 4 May 2017 17:44
Gold prices fall on weak global cues Gold prices slipped further to over one-and-half month low on weak stockist and investors demand
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AMZN Stock: Will There Be an Amazon Stock Split in 2017?

Profit Confidential - 4 May 2017 17:33
AMZN Stock: Will There Be an Amazon Stock Split in 2017? Calling for an AMZN Stock Split in 2017 Fifty, just fifty bucks! As of May Day, that's how short Jeff Bezos is from beating Bill Gates to become the world's richest man. Confused? Well, Amazon.com, Inc. (NASDAQ:AMZN) sto...
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