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Market News

Location American Market News for 15 June 2017

Bitcoin Spike: Ethereum Price Prediction for 2018

Profit Confidential - 15 Jun 2017 19:59
Bitcoin Spike: Ethereum Price Prediction for 2018 Re-Evaluating Ethereum Price Predictions for 2018 Another day, another record-breaking high for Ethereum. Investors are refusing to give up their optimism on the Ethereum blockchain, even as they slash more than 10% from...
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Kroger Sinks 17% As First Quarter Sales Fall And Forward Guidance Is Slashed Kroger, the number-one supermarket chain in the world by revenue that at one time enjoyed a 13-year streak of quarterly same-store sales growth, is suffering from heightened competition from Walmart and others that has c...
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AMZN Stock: Amazon Could Be the First $1.0-Trillion Company

Profit Confidential - 15 Jun 2017 16:18
AMZN Stock: Amazon Could Be the First $1.0-Trillion Company Tech Stocks Are the Best of the Best While most mega-caps enjoy a few years of rapid growth before sputtering to a standstill, Amazon.com, Inc. (NASDAQ:AMZN) keeps moving up and to the right. It seems untethered from the...
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Cement: GST may hit volumes, while high input costs could limit margin expansion Pricing remains key as profitability in terms of Ebitda/tonne is likely to be under pressure in June quarter on cost escalations and lower operating leverage
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Q4 results of auto firms: BS-III inventory, input price hurt margins From here on, higher sales volume is the only weapon for auto makers to beat the pressure on profitability
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Aviation: Bumpy landing for airlines

livemint.com - 16 Jun 2017 01:36
Aviation: Bumpy landing for airlines Crude oil prices aren't expected to rise sharply in a hurry and passenger growth is decent, which may support aviation stocks that have outperformed the Sensex so far
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The dark corner in private banks' earnings

livemint.com - 16 Jun 2017 01:26
The dark corner in private banks' earnings Private banks such as ICICI Bank, Axis Bank, Yes Bank, Karur Vysya Bank and IDFC Bank have been slow in recognizing bad loans, keeping themselves open to risks
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Telecom sector: Telcos tighten belts

livemint.com - 16 Jun 2017 01:25
Telecom sector: Telcos tighten belts For telecom firms, things may not deteriorate as badly in the future as in the December and March quarters; but at the same time, calling out the bottom will be premature
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Retail: a mixed shopping cart in Q4

livemint.com - 16 Jun 2017 01:24
Retail: a mixed shopping cart in Q4 An improvement in consumer sentiment and better like-to-like sales growth would go a long way in keeping retail stocks in vogue
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Power: Adverse tariff order, subdued utilization

livemint.com - 16 Jun 2017 01:23
Power: Adverse tariff order, subdued utilization Overall power generation is up just 3.4% in the March quarter, while, comparatively, generation at India's largest producer NTPC Ltd increased 2.8%
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Pharmaceuticals: US generics fail to deliver

livemint.com - 16 Jun 2017 01:22
Pharmaceuticals: US generics fail to deliver Key triggers to watch out in the pharma space would be firms getting a green signal from USFDA for their affected plants or getting key product approvals for the US market
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Why Short Sellers Hunger for Apple

Wall Street Journal - 16 Jun 2017 01:16
iPhone maker's highly cyclical business draws more short sellers looking for a peak.
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Why is Indian pharma so blasé about tackling disease within? Indian pharma still seems to be having difficulty putting to bed doubts on whether it can meet US FDA scrutiny
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Oil and gas: A good quarter for the refiners

livemint.com - 15 Jun 2017 22:53
Oil and gas: A good quarter for the refiners Given the muted outlook on crude oil prices in the interim, there is little to suggest a reversal in the trend of share performance of state-run oil producers ONGC and Oil India
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Loxo Strikes While the Biotech Iron is Hot

Wall Street Journal - 15 Jun 2017 22:50
Biotech equity offerings at opportune moments maximize chances for commercial success.
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Coming Kurdish Vote Could Change The Mid East & Oil Markets As We Know It An independent Kurdistan could not only redraw the map of the Middle East for the first time in almost a century, but also take a chunk of Iraq's oil resources with it.
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Metals: good times are here, but will they last?

livemint.com - 15 Jun 2017 22:32
Metals: good times are here, but will they last? Realizations in both steel and non-ferrous sectors trended up, volume growth was steady, and together they contributed to good sales and profit growth
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Here Are The Key Growth Drivers For Lowe's

Forbes - 15 Jun 2017 22:32
Improved macroeconomic conditions are favoring home retailers Home Depot and Lowe's. However, for Q1 2017, Lowe's posted disappointing results, indicating that it has not been able to take complete advantage of the stren...
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Information technology: Gloom envelops the IT services sector The growth outlook given by some of the IT services firms suggests there are no signs of a recovery in sight
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Packaged consumer goods: Rural India lags urban recovery The nascent recovery seen in the rural markets in October, as normal monsoon rainfall saw agricultural incomes improve, was dealt a body blow by demonetisation
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Capital goods: Public sector investments the only reprieve Capital goods firms with exposure to govt investments in power transmission, railways and infrastructure see increased order inflows, while others continue to struggle
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What Qualcomm's Foray Into PCs, Data Centers Means For Intel Qualcomm's move into the mobile PC market has been talked about and anticipated for years. The company finally announced ASUS, HP, and Lenovo as the first original equipment manufacturers to develop mobile PCs powered by...
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