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Market News

Location American Market News for 24 January 2018

GE Looks Ugly in Its Underwear

Wall Street Journal - 24 Jan 2018 19:59
General Electric's new transparency is welcome, but a focus on cash shows that the company is probably no bargain even after its swoon.
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Investors Pile Into World's Only Listed Ride-Hailing Company

Wall Street Journal - 24 Jan 2018 16:22
Stock investors can't invest in Uber, but they can invest in Nasdaq-listed Yandex, owner of Russia's top ride-hailing platform. The terrain up for grabs is vast, the potholes legion.
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TCS becomes India's second company after RIL to cross Rs6 trillion market cap TCS shares touched a record high of Rs3,145 on the BSE, and gained as much as 1.4% in intraday trade, while its market cap was at Rs6.01 trillion
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Govt may offer more income tax deductions to those who invest in its infra projects The current limit for income tax deductions is Rs2 lakh, which may be raised to Rs2.5 lakh but only for those who invest in government infrastructure projects
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Once Beloved, Brazil's Ex-President Lula Officially Closer To Prison The legacy of Brazil's once-popular leader Luiz Inacio Lula da Silva has gone up in flames as appeals court upholds prison sentence.
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Gauging Seagate's Sensitivity To Changes In Gross Margins Hard drive manufacturer Seagate has had a positive 2017 after posting mixed results in 2015 and 2016. Seagate witnessed a decline in revenues through fiscal 2015 and 2016, which was exacerbated by a sustained period of l...
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Key Takeaways And Trends From State Street's Q4 State Street reported worse-than-expected results for the fourth quarter of 2017 on Tuesday, January 23. However, the bank's shares gained around 4%, indicating that investors overlooked the earnings miss and chose to fo...
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A Look At BNY Mellon's Sensitivity To Fed's Rate Hike Plans If the Federal Reserve is forced to delay its planned rate increases for any reason, banks would be substantially affected. This note focuses on the impact on Bank of New York Mellon in the (unlikely) event that hikes we...
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How Much Could American Express Be Affected By Bitcoin Adoption? The growing popularity of Bitcoin and other cryptocurrencies over recent months has made the widespread adoption of blockchain technology for settling financial transactions a very real possibility.
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White House declares open season on the dollar at Davos Treasury secretary Steven Mnuchin casts greenback's weakness as good for US trade
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Little Reason to Watch Comcast and Verizon

Wall Street Journal - 24 Jan 2018 19:57
For Verizon and Comcast, both of which reported fourth-quarter earnings this week, video-customer losses are getting worse as subscribers opt for streaming services like Netflix.
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It's Not Looking Good For Brazil's Ex-President Lula Appeals court hears case against Lula. What was once the most popular president in the Americas may end up serving the rest of his life in jail for his involvement in the Petrobras scandal.
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Is The Stock Market Overvalued?

Forbes - 24 Jan 2018 18:31
Is The Stock Market Overvalued? There's a great debate on Wall Street regarding the stock market's valuation right now. The market has soared since the historic 2009 low and this is now the longest period in history we have not had a 5% decline in the ...
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Why 2018 Could Be 'The Year Of M&As'

Forbes - 24 Jan 2018 18:18
Why 2018 Could Be 'The Year Of M&As' We could see an increase in M&A activity over the next 12 months, especially in the tech and health care sectors.
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Abbott Laboratories' fourth-quarter results and 2018 adjusted earnings forecast beat Wall Street estimates.
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Activision's Early eSports Payoff

Wall Street Journal - 24 Jan 2018 16:26
Esports is a big opportunity for the videogame publisher, but much is already priced in.
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Royal Caribbean Cruises reported fourth-quarter profit and revenue that beat Wall Street estimates.
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General Electric said Wednesday the review of its insurance reserves are being investigated by the Securities and Exchange Commission.
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Breaking: Record Dividend Growth Forecast For 2018 (And 3 Ways to Profit) If you want to clobber the market in 2018 (and beyond) then buying companies with accelerating dividends is an absolute must.
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Boxed CEO 'Definitely' Sees Physical Stores In Its Future As rumors flew last week about a possible acquisition of Boxed by Kroger, Chieh Huang, CEO of the pure-play e-tail wholesale club, talked about opening standalone brick-and-mortar stores with or without a retail partner.
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Foreign Retailers in China Find a Buyer Just in Time

Wall Street Journal - 24 Jan 2018 14:15
Tencent's potential investment in Carrefour is the latest example of a Chinese tech giant putting money into a brick-and-mortar retailer.
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What to Do When Europe's Boom Comes Off the Boil

Wall Street Journal - 24 Jan 2018 14:09
Europe's economy has started 2018 in near-record-breaking fashion. That is clearly good news, but markets need to prepare for the inevitable pullback.
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