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Market News

Location American Market News for 7 November 2017
TripAdvisor shares fell sharply after the company posted hotel revenue that missed Wall Street expectations Monday.
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Snap plunges after huge revenue miss

CNBC - 7 Nov 2017 22:49
Snap plunges after huge revenue miss, writes down $40 million from unsold Spectacles.
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Extended Stay America Breaks Above 5% Yield Territory on Tuesday, shares of Extended Stay America Inc (NYSE: STAY) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.84), with the stock changing hands as low as $16.27 on the day.
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Watch For Signs Of A November Correction

Forbes - 7 Nov 2017 21:51
Watch For Signs Of A November Correction The strong gain in the Nasdaq 100 last week has turned many on Wall Street even more bullish. The raising of some upside targets for the S&P 500 after such a prolonged rally is often a reason for concern. Watch the marke...
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AAII Sentiment Survey: Optimism Jumps To 11-Month High Optimism among individual investors about the short-term direction of stock prices rose to its second-highest level of the year.
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Hurricane Maria Blows Gulf Between University Of Puerto Rico And Its Students After Hurricane Maria, universities from Florida to New York offered free or in-state tuition and a haven to students displaced by the storm. But what's good for students is not necessarily good for the University of Pue...
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Intuitive Surgical, Up 81% This Year, Helps John Archer Beat The Market Intuitive Surgical's stock price is up over 81% year-to-date, helping to push John's TAB fund up more than 23% to beat the S&P 500 by over 7 points so far this year. John's investment process involves looking for compani...
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Dow hits new record, Nikkei at 26-year high

livemint.com - 7 Nov 2017 21:20
Dow hits new record, Nikkei at 26-year high Nikkei index jumped to a near 26-year-high to close at 22,937.60 points, while the Dow Jones Industrial Average rose 19.08 points, or 0.08%, to 23,567.5
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Harley-Davidson has been going through some fairly tough times as the U.S. motorcycle industry faces softness. In Q3 2017, the company reported a 10% year on year decline in revenues and a 40% year on year decline in ear...
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Upbeat Debt Underwriting Activity In Q3 Gives Bank Of America A Boost The third quarter of the year saw debt origination volumes swell further from the already elevated levels seen in the first half of 2017, and this in turn boosted debt origination fees across the industry to over $11.6 b...
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Discover Financial Services (NYSE: DFS) saw its stock price reach an all-time high of $74 in January before investor concerns about a jump in card charge-off rates across the industry kept it around $60 between May and S...
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T-Mobile and Sprint officially called off their merger talks last weekend after they were unable to reach mutually agreeable terms, as Sprint's parent company Softbank was apparently reluctant to give up control over the...
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What To Expect From Disney's Fiscal Fourth Quarter Results Disney (NYSE: DIS) is scheduled to announce its fiscal fourth quarter results on Thursday, November 9. The company reported mixed fiscal third quarter earnings, as its earnings came in ahead of market expectations but re...
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Index Investing Is Not As Widespread As You Might Think Due to its relatively low turnover and small size compared to active strategies, trading by index investing plays a small role in the price discovery process for individual stocks.
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Snap is soaring ahead of its earnings Tuesday, and traders are expecting a bigger move for the stock.
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Tax Reform Creates Big Winners and Just Winners Among Banks

Wall Street Journal - 7 Nov 2017 19:01
The banking industry will be among the biggest winners from a lower corporate tax rate, but some lenders stand to benefit much more than others.
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Should Tesla Be Valued Like Ford?

Forbes - 7 Nov 2017 18:57
Should Tesla Be Valued Like Ford? One of the stronger reasons why Goldman Sachs and UBS rate Tesla a sell is because they think Tesla is overvalued compared to companies like Ford. Upon reflection, however, saying two companies should be valued comparabl...
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Struggling Investor Bill Ackman Gets Beaten In ADP Proxy Fight Struggling hedge fund giant Bill Ackman gets blown out in ADP proxy fight, adding to a string of defeats from Valeant Pharmaceuticals to Chipotle at his struggling hedge fund Pershing Square.
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Cognac Shortage Won't Keep Rémy on Top Shelf Forever

Wall Street Journal - 7 Nov 2017 18:34
The world's supply of cognac is running low. Paying a high price for the stock of specialist distiller Rémy Cointreau may leave a sour taste.
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Blue Apron shares fell to new lows Tuesday after its CEO said its new fulfillment center was a drag on profits.
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Why Mallinckrodt's Woes Matter to All Drug Makers

Wall Street Journal - 7 Nov 2017 18:09
Pushback against high prices and a crackdown on opioid marketing fueled a nasty stock fall at drug maker Mallinckrodt. Other companies are at risk.
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Top Buys by Directors: Barth's $300K Bet on Enterprise Products Partners So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $300K by Carin Marcy Barth, Director at Enterprise Products Partners L.P. (NYSE: ...
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