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Market News

Location American Market News for 23 August 2017
As a dismal quarter for retail earnings winds down, this week's batch of reports may hold some rare positive news for the group.
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Uber its losses 14 percent in the second quarter from a year ago, as the ride-hailing giant grew bookings, trips and revenue.
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Market round-up: Trump deregulation could boost US banks' profit In other news, record reserves turn costly for RBI; China's robot revolution to affect global economy
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Adani Transmission plans to raise Rs3,000 crore via QIP Adani Transmission is likely to use the funds from the QIP for capital expenditure (capex) for new projects and retire some debt
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The Problem With Dissing Teen Retailers

Wall Street Journal - 23 Aug 2017 22:13
Investing in teen retailer stocks has always been treacherous. Now their volatility is being further compounded by low expectations.
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Donald Trump's comments roil capital markets, oil rises US stocks, dollar sagged and rates on Treasury debt slipped after Donald Trump's threat to shut down the govt and nix a trade accord with Canada, Mexico raised investor angst
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Immunomedics Stock Has Its Sights Set on Higher Prices

Profit Confidential - 23 Aug 2017 19:44
IMMU Stock: Bullish on Multiple Time Frames The focus of this publication is Immunomedics, Inc. (NASDAQ: IMMU) stock. This clinical stage biotechnology company develops treatments to boost the body's antibodies in order ...
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Invesco Has Right Mix at the Right Price

Wall Street Journal - 23 Aug 2017 19:04
A sharp correction in asset managers provides an opportunity to buy into Invesco.
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WPP's Problems Are Already in the Share Price

Wall Street Journal - 23 Aug 2017 18:58
The rough patch faced by WPP has gotten rougher. Investors shouldn't forget that it is a fundamentally strong business, and its shares are very cheap relative to their history and their peers.
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PSU bank mergers: Putting lipstick on a pig

livemint.com - 23 Aug 2017 18:26
PSU bank mergers: Putting lipstick on a pig With most public sector banks saddled with non performing assets (NPAs) in excess of their net worth, the PSU bank mergers will generate no shareholder value
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D-Mart shares up 230% from issue price, market cap swells to Rs61,731.32 crore Shares of Avenue Supermarts, which owns the D-Mart retail chain, have soared 230% from its issue price, with the stock touching a record Rs999 on Wednesday
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"Vettel is one of the greatest drivers I've ever seen." Make sure to watch "The Circuit meets Sebastian Vettel", premiering August 31.
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American Eagle posted better-than-expected second-quarter sales and profit, boosted by strong demand for its Aerie line of lingerie.
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Clouds Part for Europe This Year

Wall Street Journal - 23 Aug 2017 16:37
As soon as the outlook improves in Europe, the worries start. The latest cloud on the horizon has been the rising euro, which has caused some jitters about the growth and inflation outlook, but the eurozone of 2017 appea...
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DLF shares up 6% ahead of board meet to decide on GIC deal On NSE, DLF shares surged 6% to close at Rs185.95. The company's market valuation also rose by Rs 1,909.8 crore to Rs 33,182.80 crore
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Ripple Price Forecast and Analysis - August 23, 2017

Profit Confidential - 23 Aug 2017 15:12
Victory laps are obnoxious, but sometimes they are needed for posterity. Since our Ripple price prediction explicitly forecast the current surge in XRP prices, we believe this situation certainly qualifies. Ripple prices...
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Bank fixed deposit rates: 24 August 2017

livemint.com - 23 Aug 2017 15:10
Bank fixed deposit rates: 24 August 2017 Fixed deposit rates offered by different banks for different maturity periods
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If your income is erratic, make use of STPs to continue investing regularly Whenever you find yourself with surplus cash, park it in a liquid fund and setup a systematic transfer plan from this liquid fund to an equity fund
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Can telematics reduce insurance premiums?

livemint.com - 23 Aug 2017 15:10
Can telematics reduce insurance premiums? In many countries, insurers offer customised motor insurance premiums based on data collected by telematic devices. It may soon happen in India
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Do not panic in turbulent stock markets--continue to invest smartly Given the high market valuations, you can consider booking some profits in equity and rebalancing your asset allocation
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Reliance Capital announces Rs300 crore employee stock option scheme Reliance Capital announces Rs300 crore employee stock option scheme under which 500 employees across various group units will be granted stock options
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Gold prices extend losses, shed Rs100 on muted demand Gold prices drifted lower by another Rs100 to Rs29,700 per 10 grams at the bullion market on Wednesday
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