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Market News

Location American Market News for 23 June 2017

For Consumers, Less Debt but Lots of Bills

Wall Street Journal - 23 Jun 2017 13:59
As a group, U.S. households' debt-to-income and debt-to-asset ratios in the first quarter fell to their lowest levels since the early 2000s. But financial obligations beyond debt payments, such as rents and auto leases, ...
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Brexit One Year Later: Markets Might Get It Wrong Again

Wall Street Journal - 23 Jun 2017 12:51
The Brexit vote sank the pound but bouyed the FTSE 100. That relationship might be changing.
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Restaurant Brands International (NYSE: QSR) is facing several challenges from its Tim Hortons' franchisees. While many franchisees have been disgruntled for a while, they are now seeking a class action lawsuit against th...
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Investor Pessimism Declines To A 4-Month Low A modest decrease in the percentage of individual investors who expect stock prices to decline sent pessimism to a four-month low. Bearish sentiment, however, remains close to its historical average in the latest AAII Se...
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BlackBerry's Valuation Got Disconnected

Wall Street Journal - 23 Jun 2017 21:54
BlackBerry's share price surged in the months since it was awarded millions in an arbitration dispute with Qualcomm. Disappointing quarterly results wiped out a chunk of those gains.
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A Look At Snap's Recent Acquisitions

Forbes - 23 Jun 2017 21:52
Snap has had a relatively rocky few months since its March IPO, with its Q1'17 user growth coming in below expectations and its stock witnessing significant volatility amid Facebook's moves to quickly copy its best featu...
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Sebi seeks to distance itself from PIL on tobacco companies Sebi tells Bombay high court as the petition did not seek any relief against it nor did it allege a Sebi role in the matter, it shouldn't be a participant in the proceedings
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A recent Bloomberg report suggests that Nike has entered into a partnership with Amazon to sell its products directly on the latter's platform. Currently, Nike products available on Amazon's e-commerce site are sold by t...
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Reports suggest that Chinese e-commerce giant Alibaba could participate in the next funding round for Grab, a ride hailing start up based out of Singapore. Grab is Uber's major competitor in Southeast Asia and Alibaba's ...
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Gilead Stock Surges and Shatters These Resistance Levels

Profit Confidential - 23 Jun 2017 19:52
Gilead Stock Surges and Shatters These Resistance Levels GILD Stock: Bullish Developments Wow, Gilead Sciences, Inc. (NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better. In a June 14 publication titled "Gilead Stock Needs to Conquer...
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Tejas Networks to make stock market debut on 27 June after IPO Tejas Networks, which concluded its IPO last week, will be listed on the BSE and the National Stock Exchange on 27 June
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Accenture reported its Q3 2017 results on June 22, posting 5% year-over-year growth (7% in constant currency) in revenues to $8.87 billion. In our pre-earnings note published earlier, we stated that we expected both Cons...
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Near Term Oil Price Recovery Appears Increasingly Unlikely The optimism that permeated the commodity markets due to OPEC's resolve to rebalance the oversupplied oil markets has now turned into some pessimism.
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Why Bed Bath & Beyond's Stock Tanked By 10% After Earnings Release Bed Bath & Beyond reported weak fiscal first quarter results on Thursday, June 22, as both its revenues and earnings fell short of consensus estimates. The company's stock tanked in after hours trading, and was down arou...
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The Simple Secret To Market-Beating Returns And 6.5% Yields Today I'm going to show you why some funds are killing the S&P 500--and how you can dramatically boost your odds of doing exactly the same thing.
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BlackBerry's first-quarter revenue of $244 million missed analysts' expectations.
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Gold prices climb on positive global cues

livemint.com - 23 Jun 2017 16:51
Gold prices climb on positive global cues Standard gold prices climbed Rs 95 to close at Rs 28,790 per 10 grams from Thursday's closing level
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4 Reasons Tintri's IPO Will Singe Your Portfolio Operating losses and IPOs below private market valuation are the punishment for investors who bet they could profit from pricing picks and shovels to the cloud industry below cost. Avoid Tintri -- the latest example of t...
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Growing Data Means More Triple-Digit Upside for Western Digital Stock This Memory Stock Is Set to Fly Higher Today's stock represents a good example of a "picks and shovels" play on the technology sector, where the company has a great product, which is in high demand. And the future growth...
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Marijuana ETF in Trouble--What Does It Mean for the Industry?

Profit Confidential - 23 Jun 2017 16:06
Marijuana ETF in Trouble--What Does It Mean for the Industry? The First Ever Marijuana ETF Plummets It's been a wild ride in the marijuana industry over the past few months. Stocks have been crushed, only to rally a few days later, only to find themselves on the losing end again by...
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Student Loan Complaints Skyrocket 325%

Forbes - 23 Jun 2017 16:02
Student Loan Complaints Skyrocket 325% If you're having issues with your student loans, you're certainly not alone, according to a new report from the Consumer Financial Protection Bureau.
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Indiabulls Real Estate shares surge nearly 7% on fund raising plans Indiabulls Real Estate shares surged 7.84% intraday to Rs 206.85 on Friday. The stock jumped 6.60% to close at Rs 204.45 on BSE
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