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Market News

Location American Market News for 11 August 2017
Snap's second-ever quarterly report as a public company comes at a crucial time for the ephemeral messaging app.
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Anticipating the Next Big Move in NBIX Stock

Profit Confidential - 11 Aug 2017 14:51
NBIX Stock: Waiting on a Breakout I am super excited about the prospects of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) stock going forward. This excitement is stemming from the beautiful price pattern that is being paint...
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Trump's Fury Over North Korea Means Little for Stocks

Wall Street Journal - 12 Aug 2017 01:24
U.S. markets have a long history of ignoring provocations from North Korea. Don't expect that to change now, even with the belligerent exchanges between the leaders of both countries.
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SAT dismisses Vijay Mallya's appeal against Sebi order The Securities Appellate Tribunal (SAT) dismissed Vijay Mallya's appeal against Sebi's interim order which had barred him from accessing the capital markets
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SBI has a case of indigestion, Q1 results show

livemint.com - 11 Aug 2017 23:12
SBI has a case of indigestion, Q1 results show That SBI's loan book hardly grew while existing loans decayed faster is an indication that India's economy is still limping
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Q2 2017 Was A Great Period For The Largest U.S. Banks In Terms Of Investment Banking Fees The five largest U.S investment banks pocketed total advisory & underwriting fees in excess of $8 billion for the second quarter of the year - making it just the third time in history that these banks achieved this feat,...
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Key Takeaways From News Corp's Q4 Earnings

Forbes - 11 Aug 2017 23:09
Key Takeaways From News Corp's Q4 Earnings News Corp reported mixed fiscal fourth quarter results, as its earnings per share came in ahead of market expectations but revenues missed. In Q4, the company's revenue decreased 7% year-over-year (y-o-y) to $2 billion,
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Snap published its Q2 2017 results on Thursday, posting a wider than expected loss, while missing market expectations on both daily active user adds as well as ARPU. The stock declined by as much as 17% in after hours tr...
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The Price Still Isn't Right for Consumers

Wall Street Journal - 11 Aug 2017 21:48
Low inflation is a gift to consumers, but not enough of one to get them to meaningfully boost their spending.
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Health Care Sector Mutual Funds Look Sick

Forbes - 11 Aug 2017 21:03
Health Care Sector Mutual Funds Look Sick 70% of Health Care sector mutual funds are rated Unattractive or Very Unattractive. This particularly risky fund allocates heavily towards speculative stocks and charges high fees based on past performance that managers ...
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Britain's Chicken And Egg Problem

Forbes - 11 Aug 2017 20:42
Britain's Chicken And Egg Problem But this time we know which came first.
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Washington's lack of movement on tax reform and health-care policy has corporate executives worried.
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High stock market valuation temporary: CEA Arvind Subramanian Chief economic advisor Arvind Subramanian said that high stock market valuations driven by excess liquidity is temporary and going forward it will revert to normal levels
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Modest rise in US consumer prices may delay Fed rate hike The modest rise in US consumer price index (CPI), following a drop in producer prices in July, could make the Federal Reserve wary about raising interest rates again in 2017
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Bitcoin Hard Fork and Ethereum Hard Fork Stock splits are not uncommon. Usually undertaken when a company's shares rise to an undesirable value that is too high--and therefore may dissuade smaller investors--stock splits...
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NSE expects HFT probe resolution, IPO by March

livemint.com - 11 Aug 2017 17:35
NSE expects HFT probe resolution, IPO by March NSE expects a probe into its high-frequency trading system to be settled within six months, paving the way for an IPO by March, according to chairman Ashok Chawla
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Snapchat Stock Is Setting the Stage for Higher Stock Prices

Profit Confidential - 11 Aug 2017 17:00
SNAP Stock: Bottoming Pattern in Development Snap Inc (NYSE:SNAP) has been an awful investment since day three. The first two days of trading were positive, so let's at least give Snapchat stock that much. What followed ...
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Some have likened it to a futuristic spaceship, others to a disgruntled cat -- but what do Formula E drivers think their cars sound like?
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The Price of Censorship for China's Internet Giants

Wall Street Journal - 11 Aug 2017 16:48
By blocking foreign competition, China's censorship regime has groomed the country's internet firms into some of the world's biggest companies. Now Big Brother is turning against the behemoths.
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Restoration Hardware's Wild Ride to Nowhere

Wall Street Journal - 11 Aug 2017 16:16
The motto for Restoration Hardware-owner RH is: "Where less is more and minimal is magnified." The same awkward phrase applies to RH's stock
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This Is What The End Of Shale Will Look Like Is the American Shale Revolution about to come to an end? Some disturbing signs indicate that Wall Street fatigue may be setting it and fracking might be on the cusp of a bust.
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Other department store chains Macy's, Kohl's, Dillard's and Nordstrom all delivered their quarterly earnings on Thursday.
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