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Market News

Location American Market News for 9 June 2017

Effort to Crush Shale Producers Only Made Them Stronger

Wall Street Journal - 9 Jun 2017 21:16
Surging productivity in America's shale oil patch is an indirect result of pressure applied in recent years by OPEC and may have permanently lowered oil prices.
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Rupee strength reflects positive dynamics in India, says Dushyant Padmanabhan Currency strategist at Nomura Holdings Dushyant Padmanabhan says rupee strength reflects budget adhering to fiscal consolidation, outcome of Uttar Pradesh polls, continued progress on reforms such as GST
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What Trends Will Ensure Growth For 3M In Western Europe In The Future? Western Europe is a key market for 3M , with the region contributing $4.7 billion to the company's sales in 2016. The company operates in 17 countries in the region, with 20,000 employees, including 1,300 scientists and ...
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Under Armour recently unveiled a platform which allows customers to customize their shoes by uploading images and colors. Nike, already has this option and by launching its own customization platform, Under Armour can en...
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Why Investors Should Not Worry About McDonald's Declining Revenues McDonald's is working aggressively on redefining itself - transforming from a "junk" food destination to a fast casual place serving healthier food. Another major initiative being undertaken by the company is to become a...
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How Lululemon Is Preparing For A Rebound

Forbes - 9 Jun 2017 21:42
Lululemon witnessed a tough start to 2017, as the company's stock price fell by almost 25% on the back of disappointing store comp sales and slowing e-commerce momentum. Despite the troubled start, the company seems to h...
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With the U.S. withdrawing from the Paris Climate Agreement, this note discusses why GE will remain relatively unaffected despite its significant renewable energy business.
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The Cloud Stock That Could Get Ahead of Salesforce.com

Profit Confidential - 9 Jun 2017 21:11
The Cloud Stock That Could Get Ahead of Salesforce.com This Is The Giant in a Niche Industry Cloud Today's stock is another example of one of my favorite methods of picking multibagger technology stocks. The "picks and shovels" strategy is extremely helpful in picking up qua...
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Why Alibaba Stock Jumped 14% Yesterday

Profit Confidential - 9 Jun 2017 21:07
Why Alibaba Stock Jumped 14% Yesterday BABA Stock Jumps on Top-Line Growth Shares of Alibaba Group Holding Ltd (NYSE:BABA) catapulted 14% after the company released jaw-dropping guidance on Wednesday, June 7. CFO Maggie Wu was the face of the announcement, wh...
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Unloved Sector Ready To Break Out?

Forbes - 9 Jun 2017 19:48
Unloved Sector Ready To Break Out? As the market tries to digest the surprising UK election results and Thursday's testimony by ex FBI chief James Comey there is one market sector that is starting to emerge as a new leader. Many Wall Street pros are eithe...
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Maruti overtakes Infosys, ONGC in market cap; stock up 3% As Maruti's stock gained 3% to end at Rs7,451 on the BSE on Friday, the company's market cap increased by Rs6,562.85 crore to Rs2,25,079.85 crore
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Investor Optimism Rebounds, But Stays Below Average Expectations among individual investors that stock prices will rise over the short-term increased, but remained below average in the latest AAII Sentiment Survey.
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2017's Best-Performing Stocks So Far

Forbes - 9 Jun 2017 19:05
2017's Best-Performing Stocks So Far Semiconductor stocks are leading the way for a rallying technology sector this year. The 15 best-performing stocks include gaming companies, casino operators and more.
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Dollar cleans up as UK election shock stuns pound

livemint.com - 9 Jun 2017 18:09
Dollar cleans up as UK election shock stuns pound After a sharp initial fall, courtesy the UK elections, the pound steadied early in European trading and then began to claw back ground
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George Young: Our firm was founded in 1911 by my great grandfather, so I, and my two cousins, are the fourth generation to be working at Villere & Co. We now manage just over $2 billion for 600 individual accounts and tw...
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What Theresa May's Drubbing Means for Brexit

Wall Street Journal - 9 Jun 2017 18:05
Prime Minister Theresa May's tenuous grip on power following an embarrassing loss of seats in parliament severely dents her ability to lay down ultimatums in the Brexit talks.
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Facebook's rival Google has invested in another social networking app called "Hello" which recently launched in India. This note discusses the potential impact on Facebook.
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The Disturbing Trend That Will End in a Full-Fledged Pension Crisis There's no way US pension funds can keep their promises to the next wave of retirees.
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SEBI gives conditional approval for appointment of Vikram Limaye as NSE CEO Sebi approves the appointment of IDFC boss Vikram Limaye as the new NSE CEO, subject to his resignation from a Supreme Court-appointed BCCI panel
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The U.K. election sent the globally oriented FTSE 100 index higher, just as the Brexit referendum did--but the smarter play may be the U.K.'s less loved domestic stocks.
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Gold prices slide on subdued demand

livemint.com - 9 Jun 2017 16:53
Gold prices slide on subdued demand Standard gold prices slipped by Rs 220 to end at Rs 28,945 per 10 grams from overnight closing level
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Eris Lifesciences IPO to be launched on 16 June, price band set at Rs600-603 per share Eris Lifesciences Ltd announces that it has fixed price band of Rs600 to Rs603 per equity share for its proposed initial public offer (IPO).
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