Stock Market Today


 

Unless you are born with a silver spoon in your mouth, accruing wealth does not come easily, which is why Jim Cramer is so passionate about helping investors find a viable financial strategy.

Cramer is confident that even if an investor does not have a high-paying job, as long as he saves a decent chunk of his paycheck and invests it wisely each year, he can grow his wealth and become financially independent, at the very least.

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Third Point's Dan Loeb sold out of Snap shares in the second quarter, one quarter after buying the social media stock, according to a regulatory filing Friday.

Third Point dissolved its holding of 2.25 million shares of the Snapchat parent in the second quarter, Friday's 13F filing with the Securities and Exchange Commission showed.

Dow filing Friday fund holding Loeb quarter shares showed SNAP

 

Macro Week in Review/Preview August 11, 2017 [0.00]

Posted on Aug. 11, 2017, 9:48 p.m. by Dragonfly Capital @ [source]

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The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June.

Starboard also reported a new 2 million share stake in real estate investment trust Spirit Realty Capital, and it doubled its holdings of Hewlett Packard Enterprise, to 10.5 million shares, valued at approximately $174 million at the end of the period.

activist announced hedge quarter reported shares stake Starboard valued WebMD

 

SAT lifts trading ban on 6 more companies [0.06]

Posted on Aug. 11, 2017, 9:26 p.m. by Markets @ [source]

The (SAT) extended interim relief to six more companies earlier barred from trading by the regulator, Securities and Exchange Board of India (Sebi), for being "suspected shell companies". However, clarified that interim relief would not stop from further investigation and to "initiate proceedings if deemed fit".“Since the delay in disposal of the representation is causing serious prejudice to the appellants, we proceed to consider the plea for grant of interim relief," explained.

companies Exchange India interim investigation Monday relief shares Shell trading

 

The union has persuaded United States lawmakers to exempt commercial trucks from a bill allowing more autonomous vehicles on the roads.

The union has opposed other policy pushes, such as states wanting to allow companies to use what is known as platooning technology.

autonomous exempt lawmakers persuaded states Tesla truck Union United vehicles

 

The government on Friday hiked the on to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb and boost for supporting domestic farmers and refiners. At the same time, the government could have raised the duty difference between and refined palmolein to 12.5-15 per cent to support domestic refiners for value addition," SEA Executive Director B V Mehta told PTI.He said the decision would help in restricting cheaper to protect domestic farmers and processors.

cent domestic edible farmers government mt oils processors refined vegetable

 

Tesla raised $1.8 billion, $300 million more than expected, in its first high-yield junk bond offering Friday.

Levy noted that investors are expecting profitability from Tesla's more affordable Model 3.

bond electric Friday high higher market raise slightly Tesla yield

 

Eight of the 10 trades triggered again this week, and 2 remained active at the close Friday, Best Buy and Caterpillar. An equal weight portfolio beat the SPY, IWM and QQQ this week, with only 80% exposure.

active Caterpillar closed equal Friday gain performance remained trades triggered

 

Stocks could be entering a longer period of volatility, with concerns about North Korea's nuclear threat accelerating some selling pressure that analysts had been expecting to see anyway. Normally, the stocks of companies that beat rise a few percent.

central bank earnings Fed market meeting Moore report stock Suzuki year

 

The Dow (+0.1%) finished in line with the benchmark index while the Nasdaq outperformed, advancing 0.6%. The benchmark S&P 500 dropped 1.4% while the Dow (-1.1%) did a little better and the Nasdaq (-1.5%) did a little worse.

consumer CPI Friday index June market North Korea reading selling year

 

33 Places Young People Are Moving [0.11]

Posted on Aug. 11, 2017, 8:34 p.m. by 24/7 Wall St. @ [source]

Just 11.2% of Americans moved in the past year — an all-time low.

Between 5% and 11% of the populations of 33 counties are young people who moved there in the last year, versus the average across all counties of 2.9%.

college considerations counties excluded moved moving places population students young

 

Robocar testing in Silicon Valley is underway. Wired reports GM’S Robocar Service Drives Employees Around SF for Free.

car cruise driving employees GM public Robocar testing truck years

 

MUMBAI: Stock market valuations are substantially greater than the long-run average and not far from the frothy levels of 2007, said the government’s mid-year Economic Survey . The price-earnings (P/E) ratio— a widely watched valuation measure—of the Indian stock market reached a level of 23 in May and is estimated to have touched 25 by mid-July against long-run average of 18.“It is well known from the finance literature that a key condition for sustaining unusually high P/E levels is for future economic and, especially profit, growth to be rapid, and/or for investors to be willing to accept a lower return for holding stocks over other less risky assets (the so-called equity risk premium),” said the Survey released on Friday.

economic Indian levels long market Mid run stock survey valuation

 

Just a few weeks ago, Contura Energy was crediting President Trump for creating a brighter future in the coal industry. Contura acquired the core assets of Alpha when the miner filed for bankruptcy two years ago amid the collapse of the coal industry.

ago Alpha coal Contura energy industry Natural thermal Thursday Trump

 

After the closing bell on Tuesday, Aug. 8th, Walt Disney Co. (DIS) caused quite a stir among investors.

With Walt Disney Studios Motion Pictures (parent company of Marvel Studios, Lucasfilm, Walt Disney Pictures, and Pixar) set to release a new Star Wars film every year until 2020, investors should expect Disney's stock to benefit with each release.

breakup Disney Dow film investors Netflix position Revenue stock years

 

10 Best Indoor Dog Breeds [0.14]

Posted on Aug. 11, 2017, 8:05 p.m. by 24/7 Wall St. @ [source]

In New York, America’s largest city, many people live in small apartments. Yet more people have dogs than cats, according to the New York Economic Development Corporation.

apartment breed Club dog factors living small suited weighs York

 

August 11, 2017: Here are four stocks trading with heavy volume among 257 equities making new 52-week lows in Friday’s session. The 52-week high is $11.30.

closing dropped Friday news NYSE specific stock Thursday Volume week

 

August 11, 2017: Here are four stocks trading with heavy volume among 257 equities making new 52-week lows in Friday’s session. The 52-week high is $11.30.

closing dropped Friday news NYSE specific stock Thursday Volume week

 

Microsoft, Cisco Systems Buoy DJIA on Friday [-0.04]

Posted on Aug. 11, 2017, 8:01 p.m. by 24/7 Wall St. @ [source]

August 11, 2017: Markets opened higher Friday and equities traded in the green for the entire day.

Of the Dow stocks, 15 are on track to close higher Friday and 15 are set to close lower.

Friday gain higher NASDAQ news shares specific stock traded week Volume