Stock Market Today


 

General Electric Co. (NYSE: GE) stock struggled last week. Shares dipped 2.2% week over week and the company widened its lead as the worst performing equity of the 30 stocks that comprise the Dow Jones Industrial Average.

Dow Flannery Friday GE lead NYSE shares stock week worst

 

SPY Trends and Influencers August 12, 2017 [0.07]

Posted on Aug. 12, 2017, 1:03 p.m. by Dragonfly Capital @ [source]

Last week’s review of the macro market indicators noted heading into the first full week of August that equity markets were settling and marking time near their highs.

The SPY started the week like it ended the last one, in a tight range.

bias charts equity higher index IWM lower pullback QQQ SPY

 

Never Utter These 5 Things When Closing on a Home [0.09]

Posted on Aug. 12, 2017, 12:55 p.m. by 24/7 Wall St. @ [source]

You’re sitting at a conference room table with your agent, the sellers of the home you are buying and their agent, just about to initial dozens of pages of documents and put your signatures on the dotted line to complete your purchase of a new home.

That may be your plan, but the sellers probably have an emotional attachment to the house and saying something like this is not what they want to hear.

agent buyer closing delay home interest lender mortgage purchase seller

 

Would Snap Merger With Twitter Solve Many Problems? [0.00]

Posted on Aug. 12, 2017, 12:35 p.m. by 24/7 Wall St. @ [source]

The two also-rans of social media are in deep trouble. A merger of the two could bring some level of benefit.

benefit companies development Facebook features future product SNAP Twitter user

 

Schedule for Week of Aug 13, 2017 [0.10]

Posted on Aug. 12, 2017, 12:11 p.m. by Calculated Risk @ [source]

The key economic reports this week are July retail sales and Housing Starts.

No major economic releases scheduled.

August consensus economic housing July June reading Retail sales shows

 

The country has sufficient stock of available and there are no plans to allow further imports of the at zero duty, Food Minister said on Saturday.

The country has supply of about 27.9 million tonnes (MT) in the current 2016-17 season (October-September).

crushing current duty import mills mt October operations season tonnes

 

According to OPEC, global OECD oil inventories fell 22 million barrels in June to end at 3.033 billion. Production in Saudi Arabia rose by 32,000 b/d to 10.067 mmbd, which is above its production ceiling, according to secondary sources.

barrel build demand implies inventories July oil OPEC production rose

 

Is Low Inflation a Quirk or a Trend? [0.09]

Posted on Aug. 12, 2017, noon by Morningstar Articles @ [source]

About the only economic news of real consequence this week was Friday's inflation report, which showed surprisingly low inflation for the month of July on both a month-to-month and year-over-year basis. In other news, data from the National Federation of Independent Business suggested that concerns about finding workers have reached a new recovery high.

data decline food gasoline inflation inflation rate month productivity recession year over

 

Food Minister on Saturday said the has no immediate plans to further hike from the existing 10 per cent.

On March 28, an of 10 per cent was imposed on to curb in view of record domestic output at around 97.44 million tonnes in 2016-17 crop year (July-June).

cent crop duty existing food hike minister plans Saturday tonnes

 

Edible oil to become costlier by 4-5% on import duty hike [0.02]

Posted on Aug. 12, 2017, 11:40 a.m. by Markets @ [source]

The on Friday announced increase in on both crude and refined edible oil, a demand that the domestic seed crushing and refining industry had been making over the past several months.

But, a marginal increase is unlikely to make a difference for consumers.

cent crude crushing domestic duty edible import oil refined seed

 

We picked Adamas Pharmaceuticals (ADMS) stock in our portfolio last year (see initiation article with full details).

We are reiterating Buy on Adamas stock ahead of PDUFA.

ADS amantadine CEO drug levodopa lid PD release stock treatment

 

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How to Best Leave an IRA to Charity [0.16]

Posted on Aug. 12, 2017, 11 a.m. by Morningstar Articles @ [source]

Some of the charities are big and some are small churches or 501(c)(3)s. It would make sense to fund the charities' shares with the retirement benefit asset (the IRA) because the charities will pay no income tax on the IRA proceeds, whereas if the individuals' shares are funded with IRA assets their net inheritance will be reduced by income taxes. The client dies and then the charities find out, but the IRA provider won't simply issue the charities a check upon presentation of proper identification and Form W-9.

asset beneficiaries beneficiary benefit charities DAF income IRA retirement Trust

 

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The stock has been stock in a 20-year trading range since the Long-Term Capital Crisis of late 1998.

Next year, August of 2018, will mark the 20th anniversary of the prior material all-time high in KO's stock of $44.47 that was hit in late July, early August 1998 just as the market would start to come unglued on the Russian debt crisis and the unwind of Long-Term Capital Management's fiasco that Alan Greenspan had to bail the US economy out of at the time.

beverage capital Coke growth higher KO Mr Buffett Quincey stock year

 

In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.

entertainment intended investment making Reader relied solely

 

The National Company Law Tribunal (NCLT) has admitted the plea of public lender IDBI Bank relating to default of Rs 526 crore loan by Jaypee Infratech and appointed an interim resolution professional for it.The Allahabad bench of NCLT has appointed Anuj Jain the Interim Resolution Professional (IRP) to carry out the proceedings under the Insolvency and Bankruptcy Code. However, on August 4, it withdrew the same expressing its desire for an early approval of the resolution plan for the debtor.In the memo filed before the tribunal, Jaypee Infratech said its no objection is given considering the "interest of all the stakeholders of the residents company, including home buyers and depositors".

bank crore Infratech Jaypee loan NCLT resolution Rs Steel The

 

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