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Market News

Location American Market News for 12 June 2018

Is Bitcoin Building Support Above $6,000?

Forbes - 12 Jun 2018 22:48
Is Bitcoin Building Support Above $6,000? Bitcoin has been trading above $6,000. Is it building support?
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What Are Western Digital's Key Sources Of Revenue? This note takes a look at Western Digital's key revenue streams, and what to expect from them in the coming years.
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How Sensitive Is Roche To Its Gross Profit Margin Change? Roche Holdings' (NASDAQ:RHHBY) gross profit will grow in mid-single digits in 2018, primarily led by the company's pharmaceuticals business, which accounts for roughly 85% of its overall profits, according to our estimat...
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How Sensitive Is AMD To Its EBITDA Margin Change? We estimate that AMD's (NYSE:AMD) EBITDA will likely double in 2018, primarily led by its Computing & Graphics segment, which has seen solid growth of late, led by its Ryzen and Radeon products. We have created an intera...
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Why PepsiCo's Acquisition Of Bare Snacks Makes Sense PepsiCo (NYSE: PEP) announced that it has entered into an agreement to acquire Bare Foods Co., maker of baked fruit and vegetable snacks. This acquisition is in-line with the company's recent strategy of focusing on more...
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2018 Not As Strong For Commercial Real Estate Investments As 2017, Industry Group Predicts Rising interest rates and a slowing growth in net operating income are likely to dampen returns, the mortgage finance trade group forecasted.
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What's Driving Cannabis Stock Cronos Group?

Forbes - 12 Jun 2018 20:20
What's Driving Cannabis Stock Cronos Group? The stock price of Canadian cannabis producer Cronos Group (TSE:CRON) has seen a stellar run over the last year, rising from levels of roughly CAD 1.80 in June 2017 to about CAD 9 currently. The uptick in the stock price...
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Edelweiss to raise Rs2,000 crore for distressed assets fund Edelweiss Alternative Asset Advisors says it plans to raise Rs2,000 crore for a fund that would invest in distressed assets
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Adani group firm offers Rs6,000 crore for Ruchi Soya

livemint.com - 12 Jun 2018 19:50
Adani group firm offers Rs6,000 crore for Ruchi Soya The Committee of Creditors of Ruchi Soya, in its meeting held on Tuesday, opened the bids submitted by the two contenders--Patanjali group and Adani Wilmar, which sells cooking oil under the Fortune brand
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Will China's Solar Incentive Cuts Impact First Solar And SunPower? China recently indicated that it would be cutting its incentives for solar projects this year, in an effort to keep a check on its ballooning renewable energy subsidy costs.
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Paytm Mall raises Rs1,500 crore from SoftBank, Alibaba In April, Paytm's biggest investor Alibaba, and Japan's SoftBank, together pledged to invest a total of Rs3,000 crore ($450 million) into Paytm Mall
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Latest Economic Reports Reveal Positive Surprises What can we expect from this week's regular meeting of the Federal Reserve Open Market Committee? Commonwealth CIO Brad McMillan takes a closer look in his Monday update.
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Surprising Analyst 12-Month Target For The iShares Russell Mid-Cap Value ETF For the iShares Russell Mid-Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $98.98 per unit.
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Govt to sell 12% stake in RITES through IPO

livemint.com - 12 Jun 2018 17:18
Govt to sell 12% stake in RITES through IPO RITES has set a price band of ₹180-185 per share and the IPO is a pure offer for sale by the government, which is selling a 12% stake in the company
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Hang Up Your Sombreros - Buy The Facebooks Of The World For me, it is always sombrero time, but as a fully invested skeptic, I look to my sense of valuation to bail me out. A sombrero chart formation is normally a profile of a moribund property.
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Is IHOb A Big Nothing Burger?

Forbes - 12 Jun 2018 17:02
Is IHOb A Big Nothing Burger? IHOP, the brand formerly known as the International House of Pancakes, generated a lot of buzz with its announcement that it was changing its name to IHOb. It turned out to be a publicity stunt, yet amidst all the noise,...
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Sebi panel to look at ways to ease listings for start-ups The Sebi panel, formed to mull ways to make listing attractive for start-ups, will review the existing institutional trading platform framework and identify areas which require changes
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Global fund managers poured money into U.S. equities, overweighting American stocks in June for the first time in 15 months, on a robust profit outlook
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TCS eyes $1.36 billion over 10 years from deal with Prudential arm Firm says it will get $668 million more business from earlier $690 million contract announced in January
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After Trump-Kim Summit Wall Street Appears to be in Wait-and-Watch Mode Where are the details? That's what Wall Street appears to be asking this morning after the Trump-Kim summit.
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Axilor to bet on early-stage tech start-ups from ₹200 crore fund The new fund is expected to invest ₹3 crore in each portfolio company, compared to its earlier ticket size of ₹1-3 crore
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5 Dividend Growth Stocks With Upside To Analyst Targets 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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