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Market News

Location American Market News for 21 June 2017

Real estate prices: Mumbai

livemint.com - 21 Jun 2017 16:19
Real estate prices: Mumbai This week we take a look at some properties in Mumbai
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Adobe Is a Bright Spot in the Cloud

Wall Street Journal - 21 Jun 2017 23:02
Adobe has proven that the cloud can have a silver lining. The cloud software company has grown per-share earnings on a year-over-year basis every quarter for the last three years -- and that's based on generally accepted...
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Why Freeport's Stock Has Disappointed Despite Higher Copper Prices This Year While copper prices are up, investor interest in Freeport has cooled considerably over the past few months, as evidenced by the decline in the company's stock price and the news of Carl. Icahn lowering his stake in the c...
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RBI lifts restriction on foreign investment in IDFC

livemint.com - 21 Jun 2017 18:23
RBI lifts restriction on foreign investment in IDFC RBI removed the restriction on foreign investment in IDFC Ltd after the shareholding of overseas investors fell below the prescribed level
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Rampaging Oil Bears Are Missing Half the Picture

Wall Street Journal - 21 Jun 2017 17:53
Oil has a U.S. supply problem, but unlike in previous downturns, demand still looks firm--for now.
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Federal Bank launches QIP to raise Rs2,500 crore

livemint.com - 22 Jun 2017 01:44
Federal Bank launches QIP to raise Rs2,500 crore Federal Bank says have set a floor price of Rs117.04 per share for the QIP
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With Oil Plummeting, The Stock Market Is The Biggest Loser Crude oil prices are the "tell" for the global markets. After sliding into a bear market, nobody seems to be squealing--yet.
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Mexico Casually One-Ups U.S. By Legalizing Medicinal Marijuana This week, Mexican President Enrique Peña Nieto informed the world that his country is taking its relationship with cannabis to the next level.
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Oracle's Profits Jump 15% As Big Companies Migrate To The Cloud Meanwhile, Oracle's legacy software licensing business is still in a slow decline.
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What Could Go Wrong in the Fed's Stress Tests

Wall Street Journal - 21 Jun 2017 23:55
The Federal Reserve will reveal on Thursday which of the 34 banks it tests have passed hypothetical negative scenarios while maintaining required capital levels.
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Sebi eases M&A norms for distressed firms

livemint.com - 21 Jun 2017 23:30
Sebi eases M&A norms for distressed firms Under Sebi's reworked M&A norms, buyers of shares in debt-laden firms will not have to make an open offer--a move that will speed up bad loan resolution at banks
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Amgen An Undervalued Industry Leader

Forbes - 21 Jun 2017 23:00
Amgen An Undervalued Industry Leader Given the company's industry leading position, solid fundamentals and attractive stock valuation, we view it as a preferable alternative to traditional competitors in its industry.
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Here are two stocks with strong upside technical momentum and two to watch for downside continuation.
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Integrated Retail appears to be the new mantra for e-commerce companies, as offline and online channels are being merged to offer a better customer experience. While brick and mortar companies have the advantage of store...
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Todd Hagopian's Top 2 Mental Health Biotech Stocks The mental health biotech sub-sector includes companies developing drugs for ADHD, depression, bipolar disorder, schizophrenia, migraines, alzheimer's, and other central nervous system conditions. Due to growing public a...
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Wells Fargo's efforts to win back customer trust in the wake of its fake account opening scandal saw another hurdle recently, as Sen. Elizabeth Warren asked the Federal Reserve to dismiss all of the bank's board members....
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6 Old Name Stocks Trading Below Book Value

Forbes - 21 Jun 2017 22:04
6 Old Name Stocks Trading Below Book Value Despite a years-long stock market rally, some companies remain priced below book value. Here are 6 of them.
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Express, Ground Boost FedEx's Fourth Quarter Results FedEx continued its strong growth and ended fiscal 2017 with record revenues in the fourth quarter, an increase of 21% year over year. The growth in the company's top line was primarily due to higher shipments and better...
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BlackBerry is expected to publish earnings on June 23. We expect the company's revenues to trend lower amid lower service access fee and hardware revenues, although this could be partially offset by higher enterprise mob...
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GTPL Hathway IPO receives 27% subscription on Day 1

livemint.com - 21 Jun 2017 19:00
GTPL Hathway IPO receives 27% subscription on Day 1 GTPL Hathway seeks to raise up to Rs485 crore through the IPO at a price band of Rs167-170 a share
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Why Trump's Proposed Tax Policy Could Benefit The U.S. Semiconductor Industry Corporate tax reform was one of the major agendas of President Trump's election campaign. The proposed changes include a significant cut in the current corporate tax rate of 35% and lowering the repatriation taxes on U.S...
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Fed Rate Hike Causes Oil Prices To Hit Their Lowest Level For The Year Oil prices have plunged to below $45 per barrel due to the interest rate hike announced by the Fed last week. While we believe that the negative impact of increasing interest rates is likely to be short-lived, the growth...
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