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Market News

Location American Market News for 23 October 2017

5 Ways A Saudi Aramco IPO Could Play Out

Forbes - 23 Oct 2017 04:08
5 Ways A Saudi Aramco IPO Could Play Out Amidst much speculation here are 5 forecasts for a Saudi sale of Aramco shares.
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Cryptocurrency: Only one in 10 tokens in use following initial coin offerings Of the 226 ICOs analyzed, only 20 have been found to be in use in the running of their networks
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BlackRock says unloved Asian investors turn to bond ETFs Smaller Asian bond investors overlooked by banks are increasingly turning to ETFs to get exposure to fixed income, says BlackRock
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DII holdings in BSE companies at their highest in 25 quarters At the end of September, domestic institutional investors held a 10.8% stake in the BSE 500 index, up from 9.6% a year ago, indicating that household savings shifted from gold and real estate to financial assets
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Key Takeaways From SAP's Q3

Forbes - 23 Oct 2017 20:45
Key Takeaways From SAP's Q3 In continuation with a strong first half of the year, software giant SAP continued its impressive performance in Q3. Third quarter revenues grew 4% over the prior year period to $6.6 billion and were in line with the mar...
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AT&T is expected to publish its Q3 2017 results on October 24, reporting on a quarter that saw significant competitive activity in the wireless market. Below we take a look at some of the key trends to watch in the compa...
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Sprint is expected to publish its Q2 FY'17 results over the next few days, though it will not be holding an earnings call, likely due to speculation surrounding a potential merger with T-Mobile.
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Why Ericsson's Stock Rallied Recently

Forbes - 23 Oct 2017 20:35
Ericsson published its Q3 2017 results on Friday, October 20, indicating that its core networking business - which accounts for over two-thirds of its revenue - was seeing some signs of improvement despite continued decl...
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Switching, Services Remain Key To Juniper's Growth Juniper Networks is scheduled to announce its Q3 2017 results on October 24. In recent quarters, the company has reported sustained growth in the services segment, with double digit growth in services revenues.
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FAT Brands IPO Lists On NASDAQ; Why They Chose The Regulation A+ Route FAT Brands, sixth Reg A+ IPO to list and trade on the NASDAQ or NYSE. The company raised it's maximum of $24 million by selling 2 million shares at $12 each at a pre-money valuation of $96 million. This offering is the f...
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Allergan: That $15 Billion Sure Went Fast

Wall Street Journal - 23 Oct 2017 19:30
Last year Allergan PLC did one of the best deals in drug industry history. The drug company has been busily squandering the benefits ever since.
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Using Estimize, CNBC found that Microsoft, Alphabet, Twitter and Amazon are all expected to beat expectations.
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Bitcoin is 'Enron in the making', Saudi prince Alwaleed says Saudi prince Alwaleed bin Talal says he doesn't believe in bitcoin and it is going to implode one day
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Unilever Becomes Oversold

Forbes - 23 Oct 2017 17:34
Unilever Becomes Oversold But making Unilever N.V. an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of UN entered into oversold territory, changing hands as low as $55.89 per share.
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GIC Re to be listed on NSE on 25 October

livemint.com - 23 Oct 2017 16:58
GIC Re to be listed on NSE on 25 October GIC Re, which will be listed on NSE, is all set to emerge among the top 10 global reinsurers in terms of market capitalisation, says an official
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Interesting AXP Put And Call Options For December 15th Investors in American Express Co. (NYSE: AXP) saw new options begin trading today, for the December 15th expiration.
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Shinzo Abe's Japan election win lifts world stocks, dollar US dollar touches its highest point since July and traded 0.2% higher at 113.78 yen on Monday, following Shinzo Abe's Japan election win
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Natural Gas Prices May Surprise This Winter

Wall Street Journal - 23 Oct 2017 16:28
After nine years of booming production of natural gas, this winter could be one of the rare instances supply and demand conspire to drive up prices.
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Cash Dividend On The Way From Royal Bank of Canada on 10/25/17, Royal Bank of Canada (Montreal, Quebec) (NYSE: RY) will trade ex-dividend, for its quarterly dividend of $0.91, payable on 11/24/17.
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FRC Ex-Dividend Reminder - 10/25/17

Forbes - 23 Oct 2017 16:21
FRC Ex-Dividend Reminder - 10/25/17 on 10/25/17, First Republic Bank (NYSE: FRC) will trade ex-dividend, for its quarterly dividend of $0.17, payable on 11/9/17.
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To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years.
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Bharat-22 ETF likely to be launched in November

livemint.com - 23 Oct 2017 16:08
Bharat-22 ETF likely to be launched in November The Bharat-22 ETF is likely to be launched after the launch of the New India Assurance IPO in November
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