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Market News

Location American Market News for 10 May 2018

Venezuela's Brewing Oil Shock May Be Bigger Than Iran's

Wall Street Journal - 10 May 2018 14:28
Two threats could further disrupt Venezuelan oil exports, possibly taking as much crude off the market as the renewal of Iran sanctions.
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Q&A: Mutual fund companies deduct dividend distribution tax, but not capital gains tax Only in the case of NRI investors, mutual fund companies deducts TDS for redemptions
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Total revenue at the company, which is controlled by media mogul Rupert Murdoch, rose to $2.09 billion from $1.98 billion.
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Dropbox beat expectations across the board in its first-ever earnings report.
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RBS's $4.9 Billion DoJ Settlement Means The Bank Should Report A Full-Year Profit The Royal Bank of Scotland Group has finally put to rest the nagging issue related to its mis-selling of U.S. residential mortgage-backed securities during the run-up to the 2008 recession, by reaching a $4.9 billion set...
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The Essential Trump Tweet Chart

Forbes - 10 May 2018 21:18
The Essential Trump Tweet Chart Do the comments that President Trump tweets have a direct impact on the Stock Market?
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Groupon Post-Earnings Outlook: What To Expect Through 2018? Groupon announced its Q1 2018 earnings on May 9, reporting a 7% year-over-year decline in revenues to $627 million.
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After A Strong Start To 2018, What To Expect From Sina Through The Year Sina announced its first quarter earnings on May 9, reporting nearly 60% growth in revenues to $441 million. Weibo advertising was the largest contributor to the revenue growth in the March quarter, with revenues increas...
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Toyota Posts Notable 2018 Results And Continues Its Focus On Cost Cuts And R&D Spending Toyota Motors (NYSE: TM) released its fourth quarter and full-year results on 9th May. The company reported better than expected results, beating its own FY 2018 guidance. Coupled with the company's announced 55 million ...
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Premiumization Results In Revenue Growth For Anheuser-Busch Anheuser-Busch InBev (NYSE: BUD) had a mixed first quarter, wherein it beat consensus estimates on revenue but missed on earnings. The revenue growth was led by markets such as Colombia, Western Europe, and Australia, as...
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Future Group stocks soar on hopes of more online-offline partnerships Shares of Future group companies gained on Thursday following the Walmart-Flipkart deal, riding hopes that the deal will spur more online-offline partnerships in India's retail sector
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JM Financial Credit to raise funds through sale of NCDs JM Financial Credit has filed papers for the public issue which includes secured as well as unsecured NCDs aggregating up to Rs2,000 crore
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Occidental Petroleum Reaches Analyst Target Price In recent trading, shares of Occidental Petroleum have crossed above the average analyst 12-month target price of $78.36, changing hands for $82.40/share.
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Sheffi on Sustainability: Green Grows Up

Forbes - 10 May 2018 17:38
Sheffi on Sustainability: Green Grows Up MIT Professor Yossi Sheffi has just published, along with Edgar Blanco of Amazon, the definitive book on sustainability in business. For supply chain enthusiasts like me the topic is endlessly complex and compelling, but...
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Sebi notifies new governance norms for listed firms, splits CMD post As per Sebi's new governance norms, companies will have six independent directors including a woman
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Time To Go Long David Einhorn

Forbes - 10 May 2018 16:57
Time To Go Long David Einhorn It's challenging at this stage of the market cycle to find investments with realistic potential to deliver 15% annualized returns over the next five years. Going long David Einhorn may be one idea that fits the bill.
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Oil at $100 is a possibility next year, Bank of America says Brent futures, trading near $77 today, are set to reach $90 in the second quarter of 2019 as world inventories shrink, the Bank of America said
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Indostar Capital Finance IPO subscribed 69% on Day 2

livemint.com - 10 May 2018 16:38
Indostar Capital Finance IPO subscribed 69% on Day 2 The Rs1,844 crore Indostar Capital Finance IPO received bids for 1,55,94,982 shares against the total issue size of 2,25,75,438 shares
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Sum Up The Parts: S&P 500 Has 12% Upside

Forbes - 10 May 2018 16:38
Sum Up The Parts: S&P 500 Has 12% Upside For the SPDR S&P 500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $301.10 per unit.
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AXA Equitable Holdings IPO Seeks $3.5 Billion, Follows Year Of Rapid Profit Growth Despite its size, EQH has attracted less attention than similarly sized IPOs. This report aims to help investors sort through the complex financial filings to understand the fundamentals and valuation of this IPO.
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Underappreciated Operational Efficiency Could Boost Masonite Shares This firm has reported many years of GAAP losses and, only recently, profits, despite generating positive and growing cash flows since 2011.
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How The Parts Add Up: Health Care Select Sector SPDR Fund ETF Targets $96 For the Health Care Select Sector SPDR Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $95.71 per unit.
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