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Market News

Location American Market News for 7 June 2017

Elon Musk: The Man, the Myth, the Risk

Wall Street Journal - 7 Jun 2017 19:31
Tesla Inc is one of the hottest stocks on the planet, thanks to investor belief in Elon Musk. Paradoxically, that might be the biggest risk investors face.
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The Rising Stakes for Tesla in China

Wall Street Journal - 7 Jun 2017 11:39
Elon Musk hasn't said much in presentations or earnings calls about the China strategy, a glaring omission given China's increasing importance.
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Eris Lifesciences IPO launch on 16 June

livemint.com - 8 Jun 2017 01:39
Eris Lifesciences IPO launch on 16 June The Eris Lifesciences IPO will see PE firm ChrysCapital sell its entire 16.25% stake in the pharma firm while founder Amit Bakshi will pare 0.5% of his stake
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Why We Lowered Our Price Estimate For Cliffs Natural Resources To $6 The Trefis price estimate for Cliffs Natural Resources has been revised downward to $6. This note explains why.
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Roche's much-awaited APHINITY trial results did not impress the market, and the company's stock took a beating this week. Roche was banking on the Herceptin + Perjeta combination to meaningfully outperform Herceptin in t...
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How A Pro Reads BlackRock's New Large Cap Fund Prospectuses If you own any BlackRock funds that will soon be changing managers, investment strategy, and fees, this is a good time to reevaluate. It will be years before BlackRock's new managers have a track record that might justif...
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Why You Should Pay Attention To Companies' Three-Year Average Return On Invested Capital 3-year average return on invested capital (seen in Figure 1) provides additional insights into a firm's track record of prudent capital management.
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Market round-up: Q4FY17 profit growth at 11-quarter high In other news, US job openings surge to record level; global growth headed for six-year high, says OECD
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European Regulators Handled Banco Popular's Failure Well

Wall Street Journal - 7 Jun 2017 21:51
Since the financial crisis, politicians have sworn to protect taxpayers and depositors from the threat of failing banks. In Spain, European and national regulators just demonstrated how to do that in handling Popular's f...
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Goldman Sachs doubled up on its efforts to grab a larger share of the U.S. deposit market by increasing interest rates offered by its savings accounts from 1.05% to 1.2%. While the investment bank's push into retail bank...
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How Much Can Juniper Return To Shareholders In The Next Three Years? In its earnings at the end of Q4 last year, networking giant Juniper announced that it will return 50% of annual cash flows to shareholders through stock repurchases and dividends beginning this year.
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In Biotech, No News Is Bad News

Wall Street Journal - 7 Jun 2017 20:13
Biotech stocks have a special need for catalysts. The relative absence of them of late should concern investors.
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Beyond The News Noise, The Bond Market Reflects Current Investing Realities There may be a lot of confusion and distraction in Washington, but the bond market appears to be coming to its own conclusions.
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David Rosenberg: This Is The Most Profound Shift The U.S. Economy Has Ever Seen This year, the first Baby Boomers turned 70, and that spells trouble for the economy and financial markets.
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Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit.
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Sebi provides clarity on lock-in period for compulsorily convertible debentures Sebi provided clarity to PC Jeweller on the lock-in period required for unlisted compulsorily convertible debentures (CCDs)
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How To Use Jack Bogle's Rules For Investment Success Investors can still learn from Vanguard founder Jack Bogle's key rules for investment success.
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Tejas Networks IPO to open on 14 June, price band Rs 250 to Rs257 Tejas Networks, which designs and develops products for telecom service providers, will launch its IPO to raise Rs776 crore
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More than six years after his last Formula One race, Robert Kubica has slipped back inside an F1 cockpit for a test with his former team Renault.
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Gold prices slip on muted demand, global cues

livemint.com - 7 Jun 2017 16:49
Gold prices slip on muted demand, global cues Standard gold prices declined by Rs65 to end at Rs29,280 per 10 grams from Tuesday's closing level
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These 29 Unicorns Are Funded By These $3 Trillion Tech Giants Which 29 unicorns are funded by the 5 largest U.S. technology companies?
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Biocon shareholders approve issue of bonus shares

livemint.com - 7 Jun 2017 15:40
Biocon shareholders approve issue of bonus shares Biocon shareholders have approved the issue of bonus shares by way of capitalisation of reserves
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