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Market News

Location American Market News for 9 May 2017

On Deck Goes From Hot Tech Startup to Dull Lender

Wall Street Journal - 9 May 2017 02:32
On Deck Capital is bowing to investor pressure to slow its growth and turn a profit, but shareholders appear to hate the strategy.
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Ex-Dividend Reminder: Apple, KLA-Tencor and Fresenius Medical Care Apple Inc will pay its quarterly dividend of $0.63 on 5/18/17, KLA-Tencor Corp. will pay its quarterly dividend of $0.54 on 6/1/17, and Fresenius Medical Care will pay its annual dividend of $0.5136 on 5/26/17.
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Algo-trading case: NSE redrafts policy for co-location of servers NSE is also examining options to take action against those who may have erred in providing allegedly unfair access to its algorithmic trading systems
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More Action On Tap for Videogame Stocks

Wall Street Journal - 10 May 2017 01:33
Videogame players like action. Investors in videogame publishers may need to steel themselves up for some.
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A consensus of analysts polled by Thomson Reuters expected earnings per share of 5 cents on revenue of $1.86 billion.
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NVIDIA's fiscal first-quarter 2018 earnings beat analyst estimates thanks to huge year-on-year revenue increases.
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While Others Sipped Juleps, Cannabis Marchers Were Sparking Up In Protest Around The Globe During Saturday's Global Marijuana March in NYC, patients, activists, and entrepreneurs weighed in on the sky-high costs of prohibition.
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The online review company posted an adjusted loss of 6 cents per share on revenue of $197.3 million in the first quarter.
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Ahmedabad's PSP Projects to launch IPO on 17 May

livemint.com - 10 May 2017 00:24
Ahmedabad's PSP Projects to launch IPO on 17 May Ahmedabad-based construction company PSP Projects will offer shares at a price band of Rs205-210 apiece in the initial public offering (IPO)
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After months of speculation, Coach announced on Monday that it was buying Kate Spade for $18.50 per share, valuing the deal at $2.4 billion.
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Market round-up: Balanced funds join billion-dollar club The composition of balanced funds in the total assets under management at 5% is at a historic high
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What An Acquisition Of Bonobos Would Signal About Wal-Mart's Strategy Wal-Mart is reportedly planning to buy men's clothing e-commerce company Bonobos for about $300 million. Although the exact details of the potential deal are not available, it is believed to be in advanced stages of talk...
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Forget P/E, Focus On Price-To-Sales To Find Super Stocks Like These Finding stocks using the price-to-sales ratio offers investors a cleaner way to assess a stocks value versus ratios like price-to-earnings. Here are five stocks with worth considering.
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The Strategy Behind Apple's $230 iPhone Targeted At Emerging Markets While Apple's latest iPhone 7 might be its most popular model globally, the smartphone behemoth still actively produces and sells its 2013 iPhone 5S handset in many emerging markets. A recent report indicated that Apple ...
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Wood and Workers Squeeze Housing Market

Wall Street Journal - 9 May 2017 21:22
New data show a tightening labor market in construction while lumber prices are at decade highs, hitting profit margins for home builders and potentially hurting the housing market.
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Uco Bank plans to raise capital by selling up to 750 million equity shares Uco Bank could sell the shares in multiple tranches and is weighing several options including a FPO and sale of shares to employees
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Thin Is In as Allergan Dodges Generics Bullet

Wall Street Journal - 9 May 2017 19:38
A series of acquisitions helped turn Allergan into a pharmaceuticals giant, but shareholders should be most grateful for the well-timed sale of its generics unit.
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US stocks rise on higher global markets

livemint.com - 9 May 2017 19:33
US stocks rise on higher global markets US stock indices gain--S&P 500 and Dow Jones industrial average up 0.1%, Nasdaq composite adds 0.4%
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This Hot Stock Is Poised for More Triple Digit Gains

Profit Confidential - 9 May 2017 19:29
This Hot Stock Is Poised for More Triple Digit Gains One of the Best Stocks to Ride the "4IR" Trend Today's stock is one of the gems picked up through our favorite "picks and shovels" stock-picking strategy. Our regular readers know that we like this strategy for the simpl...
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Europe's Increasing Charms Don't Extend to Its Pricey Bonds

Wall Street Journal - 9 May 2017 19:26
The political clouds have cleared over Europe, creating new opportunities for investors. European corporate bonds, however, are already flying close to the sun.
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Snapchat's parent company has done much better at raising money than making profits. Its first earnings report should show impact of Facebook competition.
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What Elon Musk Can Teach Us About Investing in Clean Energy Stocks Investing in Clean Energy Stocks Elon Musk rarely spends more than a few days outside the news. The man is anything but low profile, often seen issuing ambitious promises or assertions on everything from the nature of re...
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