Markets


Sensex climbs up 173 points
- January 11, 2017

The Sensex was at 27,043, up 143.6 point and the Nifty gained 0.63 per cent at 8,341. The Nifty of National Stock Exchange (NSE) also rose by 52.55 points to 8,288.60. "However, banking and IT stocks witnessed healthy recovery from lower levels", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS. (more...)
Who Recommended Note Ban? Both RBI And Govt Pass the Buck
- January 11, 2017

There was no discussion on demonetisation when the Reserve Bank of India (RBI) decided in May previous year to issue 2000-rupee banknotes, the Indian Express reported . The Reserve Bank of India has said the government sounded it out on the demonetisation of high-denomination notes. The RBI has told the parliamentary panel that it had "on May 27, 2016 recommended to the government that new series of bank notes with new design, including notes in the Rs 2000 denomination, be introduced". (more...)
Notable Stock Analysts Ratings: Kinder Morgan, Inc. (NYSE:KMI)
- January 11, 2017

The stock has earnings growth of -42.60% yoy and showed a low EPS growth of -21.10% over the past five years. These analysts also forecasted Growth Estimates for the Current Quarter for KMI to be 38.5%. The stock exchanged hands with 10.41 million shares contrast to its average daily volume of 13.23 million shares. Barclays PLC set a $25.00 price target on shares of Kinder Morgan and gave the stock a "buy" rating in a research note on Thursday, October 20th. (more...)
Taxman forced to rethink costly plan to overhaul offices Taxman forced to rethink costly plan to overhaul offices
- January 11, 2017

The committee is expected to call HMRC officials to explain how the forecasts were so wrong. The agency claims the move will save £83m a year but the National Audit Office (NAO) has warned the price of opening new offices has risen by £600m since the plan was announced 2015 - a 22% increase. (more...)
FCA investing $1B in Warren, Toledo plants FCA investing $1B in Warren, Toledo plants
- January 11, 2017

The news come the eve of the Detroit auto show. While Trump largely ignored other automakers during the campaign he criticized General Motors for making a version of the Chevrolet Cruze in Mexico and selling it in the US and Toyota for its plans to build a $1 billion plant in Mexico to make the Corolla. (more...)
FHA cuts mortgage costs for certain borrowers FHA cuts mortgage costs for certain borrowers
- January 11, 2017

Following the release of that report, many housing industry and mortgage experts said it would be an opportune time for the FHA to once again reduce its insurance premiums so as to stimulate more home buying. The move is expected to save homeowners with FHA-insured mortgages approximately $500 per year. On Friday, the FHA announced that the fund gained $44 billion in value during the four fiscal years ended September 30 and that it was time to pass some of that on to consumers. (more...)
Traders Watch list: American Express Company (NYSE:AXP) Traders Watch list: American Express Company (NYSE:AXP)
- January 11, 2017

Other equities research analysts have also recently issued reports about the company. Cooke & Bieler Limited Partnership has 841,936 shares for 1.14% of their United States portfolio. American Express's payout ratio is 22.70%. TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. (more...)
Bill Gross names metric he will focus on in 2017 Bill Gross names metric he will focus on in 2017
- January 11, 2017

But, as billionaire bond investor Bill Gross noted in his latest Investment Outlook , the critical question for investors is whether the big moves since the November US presidential election have left markets out of kilter - with share markets too high and bond prices too low. (more...)
Zacks Provided 2.41 Rating to Hewlett Packard Enterprise Company (NYSE:HPE)
- January 11, 2017

Hewlett Packard Enterprise Company (NYSE:HPE) reported its last quarter results on 11/22/2016. 11/23/2016 - Hewlett Packard Enterprise Co had its "neutral" rating reiterated by analysts at Mizuho. Marshall Wace LLP raised its position in Hewlett Packard Enterprise Company by 282.2% in the second quarter. Hewlett Packard Enterprise Company's dividend payout ratio is now 14.21%. (more...)
Court begins secret trial of Nnamdi Kanu Court begins secret trial of Nnamdi Kanu
- January 11, 2017

Kanu and three others, David Nwawuisi, Benjamin Madubugwu and Chidiebere Onwudiwe, are accused of treasonable felony. He said it would be unjust and painful to put him on trial when there was no link between him and the offences charged for. (more...)
Parliamentary Committee PAC summons Urjit Patel for its demonetisation move probe Parliamentary Committee PAC summons Urjit Patel for its demonetisation move probe
- January 11, 2017

He said the panel chose to take up the matter in its January 20 meeting following the Prime Ministers announcement in November that the situation will normalise in 50 days. Talking to reporters in Kochi, Thomas said, "We have powers to summon anyone". In a Facebook post Sunday, Finance Minister Arun Jaitley reaffirmed his view that black money does not "turn white" simply through depositing a large amount of high value currency notes. (more...)
World Bank forecasts moderate growth for world economy in 2017
- January 11, 2017

Overall, the World Bank expects a "moderate recovery" this year, with global growth forecast to increase to 2.7% from a post-crisis low of 2.3% last year. "A surge in USA growth - whether due to expansionary fiscal policies or other reasons - could provide a significant boost to the global economy", the bank said. (more...)
Hot Tech Stocks: Advanced Micro Devices, Inc. (NASDAQ:AMD), AT&T Inc. (NYSE
- January 11, 2017

TIAA CREF Investment Management LLC now owns 9,649,619 shares of the semiconductor manufacturer's stock valued at $66,679,000 after buying an additional 3,956,359 shares during the period. Analysts mean target price for ARIAD Pharmaceuticals, Inc. NASDAQ:ARIA) announced it has entered into a definitive agreement to be acquired by Takeda Pharmaceutical Company Limited (TSE:4502) ("Takeda") under which Takeda will acquire all of the outstanding shares in ARIAD for $24.00 per share in cash, or ... (more...)
Does battle over Trump's nominees augur a new era of ethics battles? Does battle over Trump's nominees augur a new era of ethics battles?
- January 11, 2017

The author of the demands? The GOP has also pointed out that in 2001 the Senate held confirmation hearings for Roderick Paige and Elaine Chao (McConnell's wife) before the Office of Government Ethics completed its review. Senate committees have scheduled confirmation hearings for eight nominees over a three-day period beginning Tuesday. Predictably, top Senate Republican Mitch McConnell of Kentucky dismisses these legitimate concerns about the Senate's ability to fulfill its ... (more...)
Valeant sells skincare brands to L'Oréal for $1.3 billion Valeant sells skincare brands to L'Oréal for $1.3 billion
- January 11, 2017

The stock rose around 5.1% to $16.13 early Tuesday afternoon, but it is still down 82% over the past 12 months and is well below the all-time highs above $260 set in August 2015. Sucmapo's earnings estimates increased from $1.03 to $1.22 for 2016 and from $1.30 to $1.74 for 2017 over the last 60 days. Although the next logical step for the $5.11 billion company would be to file marketing applications, yet it has provided no guidance for it. (more...)
Analyst Research Roundup: Sarepta Therapeutics, Inc. (NASDAQ:SRPT), Immunomedics, Inc. (NASDAQ:IMMU) Analyst Research Roundup: Sarepta Therapeutics, Inc. (NASDAQ:SRPT), Immunomedics, Inc. (NASDAQ:IMMU)
- January 11, 2017

The company's ATR (Average True Range) is 0.72. COPYRIGHT VIOLATION WARNING: This piece was originally published by Sports Perspectives and is owned by of Sports Perspectives. The company was downgraded on Tuesday, January 19 by RBC Capital Markets. Wells Fargo & Company MN raised its position in Sarepta Therapeutics by 2.7% in the third quarter. (more...)
Trump Has Yet To Acknowledge Intelligence Reports On Russian Hacking Trump Has Yet To Acknowledge Intelligence Reports On Russian Hacking
- January 11, 2017

The U.S. intelligence released a report on Friday, making public its assessment of alleged Russia's interference in the U.S. presidential election previous year. According to the FBI, CIA, and 15 other agencies that deal with intelligence, the Russians repeatedly interfered in the 2016 presidential election. (more...)
Valeant Sells $2.1 Billion in Asset, Shares up Valeant Sells $2.1 Billion in Asset, Shares up
- January 11, 2017

The agreement could be the first of a series of divestitures for Valeant Pharmaceuticals Intl (VRX), whose growth was driven by takeover's spree that left it burdened with a huge stack of debt. In August, the company said it was eyeing $8 billion worth of sales for its non-core assets and could accept offers for its main businesses. Valeant Pharmaceuticals International, Inc .'s ( VRX ) made a return of 2.41% in one month through last close, displaying a -36.11% returan during the past ... (more...)
Acuity Brands (AYI) Misses Q1 Earnings, Keeps FY17 View Acuity Brands (AYI) Misses Q1 Earnings, Keeps FY17 View
- January 11, 2017

Disclosures: JMP Securities makes a market in Acuity Brands and expects to receive or seek compensation for investment banking services from Acuity Brands. Acuity Brands, Inc . (NYSE:AYI)'s distance from 20 day simple moving average is -15.35% whereas its distance from 50 day simple moving average is -16.20% along with -19.50% distance from 200 day simple moving average . (more...)
USDA: Cost of raising a child up 3 percent from a year ago USDA: Cost of raising a child up 3 percent from a year ago
- January 11, 2017

Married parents with three or more children spent 24 percent less per child on average than parents with two children. The cost of raising kids went up about 3% from the previous year, according to the report . "But while housing costs have increased over time, changes in American agriculture have resulted in lower food costs, and family food budgets now represent a lower percentage of household income", Angie Tagtow, executive director for the Center for Nutrition Policy and Promotion at ... (more...)

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