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Market News

Location American Market News for 30 May 2018

Box falls sharply despite earnings beat

CNBC - 30 May 2018 22:23
Box stock dropped after the company disclosed strong earnings for its fiscal first quarter.
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How To Make A Billion (More Or Less In 50 Years) Maybe, this piece should be headed "How Not To Die Broke." Making serious money in financial markets is the hardest thing to do consistently. Few of us escape the 'Great Humbler.'
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What's Driving SpaceX's Sky High Valuation?

Forbes - 30 May 2018 21:35
What's Driving SpaceX's Sky High Valuation? SpaceX stands out among multi-billion dollar startups as one of the few companies that has grown by focusing on an industry that has existed for decades, rather than disrupting existing industries through the use of tech...
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What To Expect From VMware's First Quarter Earnings VMware is scheduled to announce its fiscal Q1 earnings on Thursday. The virtualization and cloud computing provider has demonstrating strength in its business in recent years, with fast-growing segments such as network v...
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Salesforce's Strong Q1 Results Drive Stock Higher Building on its strong growth momentum over the last few years, Salesforce (NYSE: CRM) reported record revenue and earnings for Q1. Innovation and solid execution has enabled Salesforce to grow faster than the market by ...
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Positive Economic Conditions And Strong Digital Sales To Drive Revenue Growth For Abercrombie Abercrombie & Fitch's (NYSE: ANF) impressive performance in FY 2017 was a far cry from FY 2016, when for the full year, the company reported a loss of 6 cents per share. The company undertook a massive rebranding initiat...
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GameStop Earnings Preview: Expect Digital Products, Retail & Technology Brands To Drive Q1 Growth GameStop Inc. (NYSE: GME) is scheduled to post its Q1 results on May 31. The changing landscape in the gaming industry, with companies focusing more on digital sales compared to hardware sales, has negatively impacted th...
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Why AT&T's Stock Has Been Underperforming

Forbes - 30 May 2018 19:36
Why AT&T's Stock Has Been Underperforming AT&T's stock has been underperforming somewhat over the last year, declining from as high as $41 in 2017 to around $32 currently on account of a mixed performance in the wireless business, headwinds in the U.S. pay-TV ma...
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Costco To Benefit From Growth In Comparable Sales In Q3 Costco is scheduled to announce its fiscal third quarter results on Thursday, May 31.
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Marijuana Stock Among Four Moving Higher

Forbes - 30 May 2018 18:21
Marijuana Stock Among Four Moving Higher Here are four stocks in biotech, technology and the cannabis industry with charts setting up nicely today.
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Clean Bill of Health for Insurance Deals

Wall Street Journal - 30 May 2018 18:14
WellCare's planned acquisition of Meridian shows why small health insurers should bulk up.
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CBI files case against three for exploiting NSE systems The CBI today registered a case against OPG Securities owner Sanjay Gupta and 2 others for allegedly manipulating the NSE server architecture to glean out trading data before other brokers
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Bond Yield Dips Dramatically On Mess In Europe The yield on the 10-year U.S. Treasury took a significant downward direction Tuesday -- here's an analysis of 4 charts.
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Donald Trump Says North Koreans Could Get Rich. Well, Somebody Will President Trump says a peace accord could make North Koreans wealthy. Actually, other people stand to gain the most.
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Why Retire? Former CEO Of Oxy Aims To Be 'Low-Cost Provider' With New Oil Company Retirement was boring for this Big Oil veteran. So he's spending his golden years building a new company with a bulletproof balance sheet to drill the sweet spots of the south Texas Eagle Ford shale.
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SBI hikes fixed deposits rates by up to 0.25 percentage points A fixed deposit of less than Rs1 crore for 1-2 years at State Bank of India will now fetch an interest rate of 6.65% as against 6.40% earlier
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Building A Better U.S. Economy

Forbes - 30 May 2018 15:24
Building A Better U.S. Economy This shouldn't surprise anyone, but public trust in the federal government is eroding. Sixty years ago, 75 percent of Americans expressed faith in the government to do the right thing "most of the time" or "just about al...
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How The Parts Add Up: The Vanguard Mid-Cap Growth ETF Headed For $146 For the Vanguard Mid-Cap Growth ETF (NYSE: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $145.80 per unit.
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Dick's stopped selling all assault-style rifles after the school shooting in Parkland, Florida, in February.
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ETFs Are Not the Answer In A Volatile Market -- Diversification Is Rich people and institutions have been making alternative investments as a hedge for decades.
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Hong Kong's Stock Market Is Running Short of Integrity

Wall Street Journal - 30 May 2018 14:51
Leading lights of the hedge fund world have gathered in Hong Kong to float their big bets on stocks at the annual Sohn conference. One of their biggest challenges: The local market's setup.
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Clorox Crosses Above Average Analyst Target

Forbes - 30 May 2018 14:17
Clorox Crosses Above Average Analyst Target In recent trading, shares of Clorox have crossed above the average analyst 12-month target price of $124.00, changing hands for $124.14/share.
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