Stock Market Today


 

You Haven't Missed the Boat on Emerging Markets [0.05]

Posted on Aug. 2, 2017, 12:26 p.m. by rss_stock_analysis @ [source]

Emerging markets are now the market du jour. It makes sense: The MSCI Emerging Markets Index is up 25 percent year to date, vs. a 10 percent gain for the S&P 500.

breadth emerging market higher HighTower investment investors market momentum stocks Trend

 

While some feel the recent rally in oil is about to run out of steam, there are solid reasons for investors to stay or get involved.

The company posted some messy second-quarter results, and Merrill Lynch feels the stock is still an outstanding place for investors to put money now.

capital dividend energy government investors Merrill Lynch natural gas oil quarter Solid

 

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ADP: Private Employment increased 178,000 in July [0.08]

Posted on Aug. 2, 2017, 12:20 p.m. by Calculated Risk @ [source]

Private sector employment increased by 178,000 jobs from June to July according to the July ADP National Employment Report®. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

ADP consensus employment increased job July June payroll private report

 

On Tuesday, Bristol-Myers (BMY) won approval for microsatellite instability-high (MSI-H) metastatic colorectal cancer. Still, this approval was needed for Bristol-Myers.

approval Bristol Myer cancer colorectal cancer Keytruda Merck Opdivo patients sales trial

 

In the run up to Q2, Foster's share prices declined to $17 from $22 in recent weeks. The Q2 result is approaching, and I have decided to have a deeper dig to uncover reasons why the market has been so pessimistic.

earnings energy Foster industry market positive Q2 rail segment stock

 

Over the past few years, the percentage of credit cards that offer cash back reward programs has doubled. And there are plenty of you out there who have never changed their preferred card or haven’t changed in the past 10 years — about 43 million of you according to a survey done last year by CreditCards.com.

card changed combination consumer credit past Preferred report reward years

 

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While I am on vacation I have combed through the archives to find the best articles that also stand the test of time. Yet sentiment readings like the AAII are reaching high bearish levels.

combed management market page plan portfolio position tells trading vacation

 

On July 24th, Saudi energy minister, Khalid Al-Falih, announced that Saudi Arabia would limit its exports to 6.6 million barrels a day (mmbd) in August. And in fact, nominations for August had been published in this report dated July 12th.

August budget cut exports lower nomination oil OPEC production Saudi

 

The U.S. Food and Drug Administration has announced that it intends to lower levels of nicotine in cigarettes. We are fairly sanguine about the impact on tobacco manufacturers’ long-term cash flows, and we maintain our wide economic moat ratings and fair value estimates.

category cigarette heated tobacco industry manufacturer margin market nicotine product tobacco

 

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