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Market News

Location American Market News for 8 May 2017

Why Macron's Win Is Good for Europe's Worst-Off Banks

Wall Street Journal - 8 May 2017 18:46
Emmanuel Macron's victory as French president should be good news for all European banks, not just those in France, but Greek and Italian ones too.
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Cutting Through Chinese Tech Giants' Profit Distortion

Wall Street Journal - 8 May 2017 09:07
Now that Facebook has stopped issuing non-GAAP results, the spotlight is on China's big tech companies, for whom share-based compensation is a highly distorting force.
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Hudco IPO subscribed 19% till afternoon on day 1

livemint.com - 8 May 2017 13:15
Hudco IPO subscribed 19% till afternoon on day 1 Hudco IPO seeking to raise Rs1,224 crore opened for subscription today and will close on 11 May
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The Trials and Tribulations of Market Timing Most investors are comfortable with the idea that, over the long-run, the purchase date of an investment should not fundamentally impact success or failure. We have all seen market corrections, and we have all seen the b...
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Why a Cable Deal is Bad for the Phone Industry

Wall Street Journal - 9 May 2017 01:21
A wireless deal between Comcast and Charter will help them lower their costs, posing a greater threat to Verizon and AT&T.
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Are You Chasing Ghosts Fueled By Non-GAAP Earnings? As journalists lap up fake news from companies, investors pile into ETFs. Buyers beware.
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Hertz's Stock Tanks On Big Earnings Whiff

Forbes - 9 May 2017 00:39
Hertz's Stock Tanks On Big Earnings Whiff The beleaguered car rental company just had another ugly quarter.
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Eris Lifesciences gets Sebi nod for Rs2,000 crore IPO The Eris Lifesciences IPO will be yet another major exit for ChrysCapital, which has sold shares in Mankind Pharma and Intas Pharmaceuticals
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Investing Pros Bullish On France After Macron Wins French Election IShares France ETF fell 2% in the first trading session after political outsider Emmanuel Macron defeated the right-wing nationalist Marine Le Pen in a landslide, 66% to 34%. But stock market and investing pros see it as...
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A preview of stories to watch for and a quick rundown of how they may affect you.
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Market round-up: Non-ferrous metal prices plunge

livemint.com - 8 May 2017 22:29
Market round-up: Non-ferrous metal prices plunge In other news, affordable housing lure fuel portfolio buyouts; oil below $40 doesn't seem far-fetched
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Cable and pay TV operators have expressed increasing interest in the wireless market in recent years. For instance, Comcast intends to launch an MVNO service in partnership with Verizon, while picking up some spectrum in...
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Largest Custody Banks Saw Asset Bases Swell Almost 7% In Last Year The 4 largest global custody banks had more than $103 trillion in assets under custody and administration (AUC/A) at the end of Q1 2017 - representing a healthy 7% jump from the figure a year ago.
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Snap is expected to publish its Q1 2017 earnings on May 10, reporting its first set of quarterly results as a public company.
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Sebi to auction Sai Prasad group's jewellery, ornaments Sebi will auction jewellery, ornaments and branded watches of Sai Prasad group companies in an online auction on 25 May at a total reserve price of Rs2.76 crore
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Eris Lifesciences gets Sebi nod for Rs2,000 crore IPO The IPO will see the sale of 28,875,000 equity shares by Eris Lifesciences' existing shareholders
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Micron Stock Is Supported by the Following Indications

Profit Confidential - 8 May 2017 19:05
Micron Stock Is Supported by the Following Indications MU Stock: This Bull Is Strong Micron Technology, Inc. (NASDAQ:MU) stock and I have become good friends since I stumbled upon this name in July of last year. I was quick to point out in a publication titled "Micron Techno...
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Regeneron Stock Setting Up to Make a Move

Profit Confidential - 8 May 2017 19:04
Regeneron Stock Setting Up to Make a Move REGN Stock: Constructive Developments Regeneron Pharmaceuticals Inc (NASDAQ:REGN) reported earnings on May 4, 2017, and although it missed on the bottom line, REGN stock is still surging higher by 5.51% on the back of a ...
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US stocks waver around record highs after Macron wins French presidential polls S&P 500 and Dow Jones industrial average fall 0.1%, markets had been rallying for weeks in anticipation of a victory by Emmanuel Macron
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Live! Is Where the Growth Is at for Cable

Wall Street Journal - 8 May 2017 18:38
Sports programming has long been considered the glue binding U.S. consumers to their pay-TV subscriptions, which is why cable networks have shelled out billions for the rights. Now news is reaffirming its own power to ke...
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PPG Needs to Get Messy to Win Paint Mega Merger

Wall Street Journal - 8 May 2017 18:01
PPG can't turn properly hostile on Akzo Nobel, so it needs to be prepared for a lengthy game of cat-and-mouse with the company's board
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How To Trade Disney, Cisco And 2 Other Dow Stocks That Report Earnings This Month Disney reports quarterly earnings after the closing bell on Tuesday. Between May 16 and May 19, Cisco Systems reports after the close on May 17. Retailers Home Depot and Wal-Mart report their earnings before the opening ...
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