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Market News

Location American Market News for 16 August 2017

Beijing's Heavy Hand in Chinese Business

Wall Street Journal - 16 Aug 2017 18:39
China's big internet companies are investing in its No. 2 telecom provider though the reason isn't clear beyond the government wants it.
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L Brands stock falls after weak outlook

CNBC - 17 Aug 2017 01:08
L Brands shares fell nearly 8 percent in after-hours trading after the company shared a weak outlook for the third quarter.
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After several delays, Tim Hortons, the restaurant chain owned by Restaurant Brands International (NYSE: QSR), finally launched its mobile order and pay system in recent weeks.
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Coach's Stock Plunges On Disappointing Guidance Coach's stock took a nosedive after the company released its fourth quarter and full year (year ended June 2017) earnings.
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Cisco slides after revenue beat

CNBC - 17 Aug 2017 00:16
While the company beat estimates, revenue decreased for the seventh quarter in a row.
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BlackBerry's stock touched two-year highs of about $11.50 in early June after it won a surprise $940 million arbitration award relating to a dispute with Qualcomm.
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NetApp beats Street 1Q forecasts

CNBC - 17 Aug 2017 00:12
SUNNYVALE, Calif. _ NetApp Inc. on Wednesday reported fiscal first-quarter earnings of $136 million. Eight analysts surveyed by Zacks expected $1.31 billion. For the current quarter ending in November, NetApp expects its...
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Daniel Loeb Buys BlackRock, Alibaba in 2nd Quarter Third Point investor made BlackRock and Alibaba two of largest holdings
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Get Paid To Be Yourself: The Business Of Being Dame Dash I spoke with Dame Dash about his business model, guiding principles, and the vision behind his new lifestyle network.
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Apex Frozen Foods to launch IPO on 22 August

livemint.com - 16 Aug 2017 22:21
Apex Frozen Foods to launch IPO on 22 August The Apex Frozen Foods IPO will see a fresh issue of 7.25 million shares at a price band of Rs171-175 apiece
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Does the World Really Want Content From Apple?

Wall Street Journal - 16 Aug 2017 22:07
Big money can't guarantee Apple success in Hollywood, especially when competitors are spending more.
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Mutual funds' cash level at five-month high as fund managers turn cautious Cash levels as a percentage of mutual funds' domestic equity portfolios rose to 5.6% at the end of July
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Not Buying Acadia Healthcare's Roll-Up Story I put behavioral healthcare provider Acadia Healthcare (ACHC) in the Danger Zone just over a year ago and despite the company touting its impressive non-GAAP numbers, the stock is just as dangerous as ever.
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Splunk Stock: The Key To Unlock This $200+ Billion Opportunity

Profit Confidential - 16 Aug 2017 21:26
Spending on Big Data To Keep Pushing SPLK Stock Higher Today's stock represents another of our favorite strategies of investing in growth stocks. It is called 'venture capital' and refers to the strategy of investing in ...
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As CEOs Abandon Trump, Advisory Councils Disband Amid widespread outrage over the president's response to the white supremacist violence in Charlottesville, Va., -- a response that Trump doubled down on late Tuesday afternoon -- more executives have left his advisory c...
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Ripple Price Forecast and Analysis - August 16, 2017

Profit Confidential - 16 Aug 2017 20:54
Ripple prices remained relatively flat in yesterday's trading, although there was a slight bias to the downside. XRP prices dropped 1.12% over 24 hours, adding to a lackluster week of 13% losses. All this occurred despit...
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Wells Fargo's Attempt At Redemption: Scandal-Plagued Lender Names Former Fed Official As Chair Amid scandals, regulatory investigations and shareholder unrest, former Fed governor Elizabeth Duke will take one of the biggest jobs in banking as Wells Fargo's next chair. The nomination instantly makes Duke one of the...
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Apex Frozen Foods IPO to hit market on 22 August, seeks to raise up to Rs152 crore Apex Frozen Foods IPO of up to 87,00,000 equity shares of face value of Rs10 each will be offered through a book-building route at a price-band of Rs171-175 per share
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India-focused offshore funds, ETFs see inflow of $4.6 billion in FY18 so far India-focused offshore funds and ETFs had witnessed a net outflow of assets worth $2.3 billion in the year-ago period, a Morningstar report showed
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The World May Soon Split In Two Trading Blocs -- Here's How To Position Your Portfolio The good news: many outstanding businesses are already in position to ride out this storm--and Washington's political gridlock is giving us more time to find them.
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In The Age Of Cyber-Terrorism, Every Investor Must Own Gold Take it from "Dr. Doom": own some physical gold and keep it out of the banking system.
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Earnings Preview: What To Expect From Applied Materials On Thursday Applied Materials is expected to report earnings of $0.83/share on $3.69 billion in revenue. Meanwhile, the so-called Whisper number is $0.84
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