Stock Market Today


 

Strategic-beta fixed-income funds are often marketed as a better way to invest than market-cap-weighted indexing. This article compares the drawdowns of three popular strategic-beta fixed-income funds and replicating portfolios of traditional index funds during three recent acute stress periods.

bond cap weighted debt emerging market ETF fund investment grade market portfolio replicating portfolio

 

Geron: S-L-O-W Progress [0.08]

Posted on Aug. 2, 2017, 11:56 a.m. by Long Investing Ideas from Seeking Alpha @ [source]

From the formation of their collaboration in November 2014, Geron (NASDAQ:GERN) and Janssen, Johnson and Johnson's (JNJ) pharmaceutical arm have moved steadily forward in their efforts to prove the beneficial impact of imetelstat as a critical lifesaving therapy in the battle against certain cancers.

Detailed results for the original 32 patients in Part 1 of IMerge, including key secondary endpoints of hematologic improvement and rate of RBC-TI lasting at least 24 weeks, as well as duration of response and detailed safety information, will be submitted for presentation at a major medical conference.

announcement conference data Geron IMerge imetelstat Janssen patients stock trial

 

Cochin Shipyard IPO oversubscribed 1.41 times [0.05]

Posted on Aug. 2, 2017, 11:51 a.m. by Markets @ [source]

The initial share sale offer of Cochin Shipyard was 1.41 times till early afternoon trade on the second day of bidding today.

The received bids for 4,77,48,420 shares against the total issue size of 3,39,84,000, data available with the NSE till 1230 hours showed.

afternoon Cochin early initial Rs sale Shipyard till Times trade

 

Mondelez – CEO Irene Rosenfeld is stepping down from that job in November, to be succeeded by McCain Foods CEO Dirk Van de Put. Separately, Mondelez reported quarterly profit of 48 cents per share, beating estimates by three cents a share.

beating cents consensus estimate forecast Health quarter quarterly profit reported Revenue

 

NEW DELHI: Breaking the status quo, RBI did oblige financial markets with a 25 basis points rate cut in its third bi-monthly money policy review on Wednesday. The scrip ended the session at Rs 65.05 apiece, down 8 per cent.Although all the sectoral indices ended in the negative zone following RBI’s credit policy decision, FMCG stocks suffered the biggest jolt as the Nifty FMCG index tumbled 250 points, or 1 per cent, to close the session at 25,531 with 13 out of the 15 constituents ending in the red.Shares of JP Associates tumbled nearly 9 per cent.

BSE cent crore cut ended Rs session shares stake stock

 

Her parents blame the school.

For months, 12-year-old Mallory Grossman received the taunts in text messages, Instagram posts and Snapchats.

blame friends loser Mallory months old parents school told year

 

President Trump may be about to get tougher on trade with China.

After meeting Chinese President Xi Jinping in early April, Trump said he would go easier on China on trade in return for help pressuring North Korea to back down on its nuclear weapons program.

administration American China Chinese investigation North Korea official senior trade Trump

 

During the week, mortgage loan rates either remained unchanged or increased on the five loan types that the MBA tracks.

The seasonally adjusted purchase index decreased by 2% compared with the week ended July 21.

decreased fixed index interest loan MBA mortgage rate unchanged year

 

With Tesla reporting earnings after the bell on Wednesday, trader Todd Gordon of TradingAnalysis.com is hedging his position in the automaker.

While Gordon has called Tesla one of his favorite picks, he acknowledges that the stock is "underperforming" on a technical basis going into earnings, based on the stock's gradual drop toward a "support" line near $318.

Aug call earnings Gordon options position stock Tesla trade weekly

 

Jackie Johnson's Weather Forecast (Aug. 1) [0.49]

Posted on Aug. 2, 2017, 11:24 a.m. by Distressed Volatility @ [source]

Sunny, very warm and humid with a chance of thunderstorms in some areas through much of the rest of the week. Jackie Johnson reports.

areas chance humid Jackie Johnson reports rest Sunny Thunderstorms warm

 

PretzelMaker franchise owner Sean Falk and Tropical Smoothie franchise owner Julie Munson on meeting President Trump at the White House.

Falk franchise Julie meeting Munson owner PretzelMaker Sean smoothie tropical

 

The central bank has been mopping up excess liquidity from the market using cash management bills and open market sale of bonds since a shock ban of high-value notes by Prime Minister Narendra Modi left banks flush with cash.

The (RBI) will continue to drain surplus liquidity from the banking system gradually without destabilising the market, Deputy Governor said after the central bank's monetary policy meeting on Wednesday.The is "comfortable" with interest rates being "slightly" higher than its stated preference of having a difference between the repo rate and the inflation target of 1.75 per cent, Acharya said.

bank Bills central excess liquidity management market mopping rate sale

 

The Nifty50 index opened in the positive and made a new lifetime high of 10,137, but failed to hold the gains and witnessed a decline towards the 10,054 mark on Wednesday.It formed a Bearish Candle on the daily chart and closed the session with the loss of 33 points. Now if it sustains below 10,050, only then can a followup decline could take it towards 10,020 and then 9,950 mark, while holding above 10,120 give the Nifty50 a fresh leg of rally towards the 10,250 level.The Nifty50 has been respecting its rising support trend line by connecting the recent swing lows of 9,543, 9,646, 9,838 and 9,944.

decline failed level made major Nifty50 positive put strike writing

 

Ford (F) is not known for its alpha generating power unfortunately.

Anyhow, as bad as the total overview looks, there are some very strong signals regarding Ford.

car decline Ford July June performance reason sales stock trucks

 

Then-nominee Christopher Wray is sworn in during his confirmation hearing before the Senate Judiciary Committee last month. The Senate has easily confirmed Christopher Wray to be the next FBI director, a position he assumes after former Director James ...

The Senate has easily confirmed Christopher Wray to be the next FBI director, a position he assumes after former Director James ...

Christopher confirmed director easily FBI James position Senate then Wray

 

India's monsoon has delivered 1 percent more rain than normal so far this year, but erratic distribution has flooded some areas and left others in drought, clouding the outlook for key summer-sown crops more than midway through the season.

Monsoons deliver about 70 percent of India's annual rainfall and are critical for farmers because half of their lands lack irrigation.

area crop farmer India monsoon normal Rain rainfall season Surywanshi

 

The top-performing sectors so far this year are technology (gaining more than 18%) and healthcare (up nearly 16%). Interestingly, we still see some bargains in these three leading sectors today.

bargains companies fair financial healthcare July screen service stocks trading

 

Morning News: August 2, 2017 [0.18]

Posted on Aug. 2, 2017, 10:59 a.m. by Crossing Wall Street @ [source]

Roger Nusbaum: VIX Below 9?

Be sure to follow me on Twitter.

follow Nusbaum Roger Twitter VIX

 

Scaramucci's axing: Sherwin Bryce-Pease [0.10]

Posted on Aug. 2, 2017, 10:54 a.m. by Distressed Volatility @ [source]

The White House says inappropriate comments by its former Communications Director are what led to the ouster of Anthony Scaramucci from his position after just 10 days in the position. Scaramucci's downfall came after a foul-mouthed profanity laden exchange during an on-the-record discussion with a journalist last week in which he attacked then White House Chief-of-Staff Reince Priebus and President Donald Trump's Chief Strategic Steve Bannon.

chief comments Communications House inappropriate ouster position President Scaramucci White

 

President Donald Trump personally dictated the first statement Donald Trump Jr. gave about the June 2016 meeting at Trump Tower with a Russian lawyer, two senior level sources confirm to ABC News.

dictated Donald gave Jr June meeting personally President statement Trump