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Market News

Location American Market News for 4 October 2017
Ackman Pitches ADP, Herbalife, Fannie Mae At Dallas Investor Conference Ackman gave best theses at high-priced event featuring Thomas Russo and David Einhorn
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Why Google's Gadgets Are Worth the Reach

Wall Street Journal - 4 Oct 2017 22:04
Expanding product lineup helps the web giant get services into more hands.
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Intel Shouldn't Worry Too Much About Apple's Chip Ambitions Industry experts and analysts have talked for some time now about Apple contemplating manufacturing its own chips. Recently, an article in Nikkei Asian Review touched on this topic, citing Apple's acquisitions in recent ...
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Market round-up: State bonds don't reflect finances of states In other news, China bank stocks are new best hope for investors; wind turbine prices plummet in the US
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Why F5 Networks' Stock Is Worth $135

Forbes - 4 Oct 2017 19:33
Why F5 Networks' Stock Is Worth $135 F5 Networks has reported steady growth in revenues over the last few years, driven by robust demand for its offerings. The company has been one of the largest players in the application delivery networking market, comman...
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Morgan Stanley Retains Top Spot In Equity Underwriting Despite Industry Headwinds The rally in global equity markets over the third quarter failed to boost equity underwriting volumes for the seasonally slow period, as companies around the globe raised $189 billion through IPOs and FPOs for the period...
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ICICI Bank raises Rs475 crore via bonds

livemint.com - 4 Oct 2017 18:28
ICICI Bank raises Rs475 crore via bonds ICICI Bank alloted 4,750 Basel III compliant unsecured subordinated perpetual additional tier I bonds aggregating Rs4.75 billion on private placement basis
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HR Outsourcing Growth, Improving Interest Rates Drove Paychex's Results Paychex announced its Q1 fiscal 2018 results on October 3, reporting a 4% annual increase in its revenues to $817 million. While the majority of the top line growth was driven by strong demand for HR outsourcing solution...
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FDI proposals of Wockhardt, Coastal Local Area Bank, KPB Holdings approved KPB Holdings and Coastal Local Area Bank have received DIPP's approval for issuance of shares to NRIs, Wockhardt can now issue ESOPs to NRIs
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Rich Dividends From 2 Retailers On The Mend Don't count out the ability of incumbent retail giants to adapt to the new Millennial-focused era.
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Curb Your Enthusiasm About the Jobs Report

Wall Street Journal - 4 Oct 2017 17:26
The way the stock market reacts to Friday's jobs report may say more about the stock market than it does about jobs.
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Tesla published its production and delivery figures for Q3 2017, indicating that it manufactured just 260 Model 3 cars since it began production in late July, well below its guidance of 1,500 units.
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Investor Asset Allocation: Equity Rebounds, Fixed-Income Dips Equity allocations among individual investors rebounded to a three-month high last month, according to the September AAII Asset Allocation Survey.
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Even Tougher Choices Ahead for Teva After FDA Shocker

Wall Street Journal - 4 Oct 2017 16:43
A surprise move from the Food and Drug Administration means that a recovery for Teva Pharmaceutical Industries just got much more difficult.
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RBI gives foreigner investors reasons to cheer in monetary policy review RBI said in its policy review that a detailed review of rules on overseas investment in debt markets will be conducted by policy makers
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I Would Keep Selling Tesco As Sales Slow Again The warnings signs are back at Tesco as sales slip again in the most recent quarter. What should you do?
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Gold price dips on subdued demand, silver recovers

livemint.com - 4 Oct 2017 16:19
Gold price dips on subdued demand, silver recovers Standard gold (99.5 purity) fell by Rs75 to close at Rs29,425 per 10 grams from Tuesday's level of Rs29,500 in Mumbai
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Bonds slide in India after RBI holds rates

livemint.com - 4 Oct 2017 16:15
Bonds slide in India after RBI holds rates After the RBI kept interest rates unchanged, the yield on the benchmark 6.79% bonds due 2027 climbed six basis points to 6.70% while the rupee rallied 0.8% to 65.01 per dollar
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Secretary Ross and the Commerce Department Wrongly Conclude NAFTA Rules are Bad for the U.S. Luis de la Calle offers a rebuttal to Secretary of Commerce Ross' op-ed on NAFTA.
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AT&T About To Put More Money In Your Pocket on 10/6/17, AT&T Inc (NYSE: T) will trade ex-dividend, for its quarterly dividend of $0.49, payable on 11/1/17.
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RBI says fiscal stimulus can stoke inflation, imperil economic stability RBI pointed out that farm loan waivers, combined with a fiscal stimulus , can result in a 1 percentage point slippage in fiscal deficit
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Economic Forecast 2018-2019: Business Capital Spending Waits A While My overall economic forecast anticipates better growth in 2019, at which time industrial capacity will need to be expanded. For 2018, suppliers of equipment and software can focus on products that increase efficiency. In...
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