Breaking News

Share!

Stock Market
Loading
TransCanada gets Presidential Permit to build the Keystone oil pipeline, ends bankruptcy claim
Fri, 24 Mar 2017 10:22:02 +0000   

TransCanada Corp. said Friday it has received a Presidential Permit from the U.S. Department of State to construct the Keystone XL Pipeline. As a result, TransCanada said it will discontinue its bankruptcy claim and end its constitutional challenge. The company said it will continue to engage stakeholders throughout Nebraska, Montana and South Dakota to obtain permits and approvals so it can begin construction. "We greatly appreciate President Trump's Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America's energy infrastructure," said TransCanada Chief Executive Russ Girling. Earlier this month, U.S. Secretary of State Rex Tillerson had recused himself from dealings with the controversial Keystone pipeline, as Tillerson was CEO of Exxon Mobil Corp. , which would benefit from the pipeline being built. The project was rejected by former President Barack Obama in 2015. TransCanada's U.S.-listed shares, which were still inactive in premarket trade, have gained 0.8% over the past three months, while the S&P 500 has advanced 3.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Blackstone to sell its Seaworld stake to China's Zhonghong at a 33% premium to market prices
Fri, 24 Mar 2017 10:01:38 +0000   

SeaWorld Entertainment Inc. said Friday it was selling a 21% equity stake held by affiliates of the Blackstone Group to a subsidiary of China's Zhonghong Zhuoye Group Co. Ltd. for $23 a share. That represents a 33% premium to Thursday's stock closing price of $17.31. As part of the deal, which is expected to close in the second quarter of 2017, SeaWorld will advise Zhonghong on the development and design of theme parks operated by Zhonghong. SeaWorld will expand its board to 11 members to add two Zhonghong executives. Once the deal is completed, Blackstone will no longer hold any equity interest in SeaWorld or have any board seats. Blackstone is currently SeaWorld's largest shareholder with 19.5 million share, according to FactSet. At $23 a share, that stake would be valued at $448.5 million. "Zhonghong Group is making a significant, long-term investment in SeaWorld, reflecting their appreciation of the strength of our brand, our potential to grow the company and a shared commitment to protect wildlife and the environment," said SeaWorld Chief Executive Joel Manby. The stock, which was still inactive in premarket trade, has slumped 8.6% year to date, while the S&P 500 has gained 4.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Fed's Kaplan: Wants 'gradual' rate hikes but doesn't expect 'pause' in policy track
Fri, 24 Mar 2017 00:02:24 +0000   

Dallas Federal Reserve President Robert Kaplan wants a "gradual and patient" approach to raising interest rates this year but said that doesn't necessarily include a "pause" in the Fed's rate-tightening policy. With its rate hike last week, Fed members signaled rough forecasts for two more rate hikes this year. San Francisco Fed President John Williams said Thursday that the Fed could approve up to a total of four hikes this year if economic improvement calls for such action. Kaplan didn't offer a number of anticipated hikes and said he'd like the opportunity to "turn over more cards" to judge the economy but said progress toward the dual inflation and employment mandates allowed for more accommodation reversal. That reversal will eventually include letting the Fed's $4.5 trillion balance sheet run off, but not until more action is taken to get the Fed funds target, the Fed's main interest-rate tool, back up toward a "neutral" rate. Kaplan said the Fed puts that neutral rate at a median 2.75%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Market Close Report: NASDAQ Composite index closes at 5,817.69 down -3.95 points
Thu, 23 Mar 2017 20:48:22 +0000   
Thursday s session closes with the NASDAQ Composite Index at 5 817 69 The total shares traded for the NASDAQ was over 1 73 billion Thursday s session closes with the NASDAQ Composite Index at 5 817 69 The total shares traded for the NASDAQ was over 1 73 billion Advancers stocks led declining
 
Tronc to buy back 3.75 million shares from Oaktree Capital
Thu, 23 Mar 2017 20:25:29 +0000   

Tronc Inc. , the publisher of the Los Angeles Times and the Chicago Tribune, will buy back 3.75 million shares from Oaktree Capital Management LP at $15 a share. The media company also agreed to pay Oaktree additional funds if there is an ownership change within one year at above $15 a share, according to a regulatory filing Thursday. At the same time Oaktree is not allowed to buy additional shares nor take action to influence any potential decision by Tronc to buy or sell assets for two years. Tronc shares fell 1.2% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Health Care Sector Update for 03/23/2017: TNDM,HTGM,CERU
Thu, 23 Mar 2017 20:18:13 +0000   
Top Health Care StocksTop Health Care Stocks JNJ 0 12 JNJ 0 12 PFE 0 36 PFE 0 36 MRK 0 13 MRK 0 13 ABT 0 06 ABT 0 06 AMGN 0 67 AMGN 0 67 Health care stocks have given back most of their prior gains with the NYSE Health Care Index declining 0 2 this afternoon while shares of
 
Home Depot discloses EPA investigation into lead safety practices
Thu, 23 Mar 2017 20:15:30 +0000   

Home Depot Inc. is under an Environmental Protection Agency investigation into the company's compliance with lead safety work practices for certain jobs performed through Home Depot's installation services business, Home Depot said Thursday in a filing. The company is cooperating with the EPA, it said. Shares of Home Depot fell 0.3% during the extended session after ending the regular trading day up 0.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
CBO analysis of amended Republican health bill shows less deficit reduction
Thu, 23 Mar 2017 20:14:30 +0000   

A Congressional Budget Office analysis of an amended Republican health-care bill found it would reduce deficits by less than an earlier analysis. The new CBO report said the bill would cut deficits by $150 billion over 10 years, compared to a prior estimate of $337 billion. The new bill would still leave 24 million more people uninsured in 2026, CBO said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Sportsman's Warehouse shares down 8% after earnings miss
Thu, 23 Mar 2017 19:40:03 +0000   

Shares of Sportsman's Warehouse Holdings Inc. fell 8% late Thursday after the retailer reported fourth-quarter earnings below expectations and missed sales forecasts. The company said it earned $10.5 million in the quarter, or 25 cents a share, compared with $11.4 million, or 27 cents a share, in the fourth quarter of fiscal 2015. Sales rose 6% to $221.4 million, the company said. Same-store sales fell 5%. Analysts polled by FactSet had expected earnings of 26 cents a share on sales of $228 million. Separately, the company said it appointed Jon Barker as president and chief operating officer, effective March 31. Barker was most recently an executive for Walmart. He will report to CEO John Schaefer, the company said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Market's 'fear gauge' reaches 2017 high as Republican health-care bill falters
Thu, 23 Mar 2017 19:31:34 +0000   

A popular gauge of expected volatility in U.S. stock markets reached its highest level of the year on Thursday as Republicans delayed a House vote on a bill to repeal and replace Obamacare. The CBOE Volatility Index, commonly referred to as the VIX, , finished Thursday's session at 13.07, its highest close since Dec. 30. The increase was driven by a late-day selloff in U.S. stocks, which finished lower for a second day after recording their largest selloff of the year on Wednesday. The S&P 500 shed 2.49 points, or 0.1%, to 2,345.96, while the Dow Jones Industrial Average lost 4.72 points, or less than 0.1%, at 20,656.58. The Nasdaq Composite Index [c: comp] shed 3.95 points, or 0.1%, to 5,817.69. The index had been relatively subdued as expectations that President Donald Trump would swiftly implement a slate of purportedly pro-business policies sent benchmarks to a series of closing records.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
GameStop shares down 9% after company reports falling sales
Thu, 23 Mar 2017 19:18:53 +0000   

GameStop Corp. shares tanked 9% late Thursday after the specialty retailer reported falling quarterly sales and said its video-game category was "weak," particularly in the second half of the year. The company said it earned $208.7 million, or $2.04 a share, in the fourth quarter, compared with $247.8 million, or $2.36 a share, in the year-ago period. Adjusted for one-time items, GameStop earned $243.8 million, or $2.38 a share, compared with $2.40 a share a year ago. Total sales fell 14% to $3.05 billion in the quarter, and comparable-store sales fell 16%. Analysts polled by FactSet had expected adjusted earnings of $2.29 a share on sales of $3.06 billion. Shares ended the regular trading session down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Micron shares jump as demand for memory chips leads to earnings beat
Thu, 23 Mar 2017 19:15:36 +0000   

Micron Technology Inc. gained more than 7% in late trading Thursday after the chip maker reported better earnings than expected amid reported price hikes for its memory chips. The company reported fiscal second-quarter profit of $894 million, or 77 cents a share, on sales of $4.65 billion. After adjusting for stock-based compensation and other effects, the company claimed earnings of 90 cents a share. Analysts polled by FactSet expected on average for Micron to report adjusted earnings of 83 cents a share on sales of $4.64 billion. Tech giants have said that increased prices for memory chips squeezed their margins at the end of 2016, a trend that has benefited Micron. "Strong demand and limited industry supply for NAND and DRAM solutions, combined with significant progress on our cost reduction plan, produced excellent results for our second quarter," Micron Chief Executive Mark Furcan, who announced retirement plans last month, said in Thursday's announcement. Micron shares topped $28 in after-hours trading Thursday, after closing with a 1.6% increase at $26.47.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Health-care stocks end lower following the delay of a key vote on a new health bill
Thu, 23 Mar 2017 19:10:20 +0000   

The health-care sector on Thursday turned decidedly lower, dragging the broader market into negative territory, on the heels of news that House Republicans shelved a key vote on repealing and replacing the Affordable Care Act. The Health Care Select Sector SPDR ETF was off 0.2%, led by sharp 4% drop in Centene Corp. and health-care provider Humana Inc. [HUM], off 1.6%. Shares of UnitedHealth Group Inc., finished down 1%, cutting more than 10 points from the Dow Jones Industrial Average . The S&P 500 index closed down around 0.1% at 2,345, while the Nasdaq Composite Index was about 0.1% at 5,817. The iShares Nasdaq Biotechnology ETF which trades on the Nasdaq exchange was off 0.9%, pressuring the index. The major U.S. equity benchmarks had been trading higher throughout much of the session, as hopes rode higher that President Donald Trump would be able to secure the necessary names to pass a vote to overhaul President Barack Obama's signature health-care law. Market participants have been fretting that Trump's focus on revamping so-called Obamacare would delay the implementation of a raft of pro-growth policies, including tax cuts and an increases to infrastructure spending, which had underpinned a multimonth rally in equities since Trump's Nov. 8 election victory. Thursday's downturn represents a relatively modest move lower, with some anticipating that a vote may occur on Friday or in coming days as the president aims to collect the needed votes to get the bill passed and taken up by the Senate.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
WideOpenWest, 6th largest cable provider, files to go public
Thu, 23 Mar 2017 19:03:11 +0000   

WideOpenWest Inc., a cable TV provider, filed to go public Thursday in an offering of up to $100 million. The cable provider, which says it is the sixth largest in the U.S., reported revenue of $1.24 billion in 2016, up from $1.22 billion in 2015. It swung to a profit of $26.3 million in 2016, from a loss of $48.7 million in 2015. WideOpenWest plans to list under the symbol "WOW" and has not yet designated an exchange. The company has not yet set a price range and the $100 million is likely a placeholder amount. UBS Investment Bank and Credit Suisse are the underwriters on the offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Stocks slide after health-care vote is delayed
Thu, 23 Mar 2017 19:01:16 +0000   

U.S. stocks closed lower on Thursday after House Republicans delayed a vote on the American Health Care Act, dealing a blow to President Donald Trump who had heavily lobbied for the bill. Analysts had said the passage of the bill would bolster confidence in Trump's ability to enact his pro-growth agenda. The S&P 500 fell 2 points, or 0.1%, to close at 2,346 while the Dow Jones Industrial Average shed 3 points to end at 20,657. The Nasdaq Composite dropped 3 points to close at 5,817.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
House shelves Thursday vote on health care, reports say
Thu, 23 Mar 2017 18:34:17 +0000   

House Republican leaders shelved a vote on the American Health Care Act planned for Thursday, reports said. Politico said a vote was still possible Friday. President Donald Trump has been lobbying hard for the bill but he and GOP leaders are meeting continued resistance from conservatives unhappy with the measure.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Mid-Afternoon Market Update: Cancer Genetics Gains After Q4 ... - Nasdaq
Thu, 23 Mar 2017 18:32:53 +0000   

Mid-Afternoon Market Update: Cancer Genetics Gains After Q4 ...
Nasdaq
Toward the end of trading Thursday, the Dow traded up 0.29 percent to 20721.07 while the NASDAQ rose 0.17 percent to 5831.32. The S&P also.

and more »
 
Mid-Afternoon Market Update: Cancer Genetics Gains After Q4 Results; Heat Biologics Shares Slide
Thu, 23 Mar 2017 18:32:53 +0000   

Toward the end of trading Thursday, the Dow traded up ...

Full story available on Benzinga.com

 
Oil prices fall for a third session in a row
Thu, 23 Mar 2017 17:52:02 +0000   

Oil prices settled lower on Thursday, down a third straight session. Record U.S. stockpiles of crude oil fed concerns over a global glut of supplies, despite expectations that U.S. demand for gasoline is set to grow in the run up to the summer driving season. May West Texas Intermediate crude lost 34 cents, or 0.7%, to settle at $47.70 a barrel, with the contract marking its lowest finish since late November.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Betting market suggests health bill won't get passed Thursday
Thu, 23 Mar 2017 17:51:31 +0000   

Trading on the political betting site PredictIt suggests the American Health Care Act won't be approved by the House on Thursday. The market was pricing in a 93% chance of fewer than 215 votes, where 218 votes are needed.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Why Fred's Is A Key Player In The Walgreens – Rite Aid Deal
Thu, 23 Mar 2017 17:29:53 +0000   
Walgreens Boots Alliance 160 WBA is still awaiting regulatory approval for its proposed acquisition of 160 Rite Aid 160 RAD The merger couldn t be completed by January 27 2017 the earlier proposed deadline so the merger deadline was extended to July 31 2017 albeit with
 
Chase Credit Cards Account For Almost 18% Of All Credit Card Purchases In The U.S.
Thu, 23 Mar 2017 17:29:51 +0000   
JPMorgan Chase reported total purchase volumes of 545 billion across all credit cards issued by it in the U S over 2016 representing a nearly 18 160 share of the industry This is largely because the banking giant is also the largest issuer of credit cards in the country Notably the
 
What Is Harley-Davidson’s Fundamental Value Based On Expected 2017 Results?
Thu, 23 Mar 2017 17:29:48 +0000   
Have more questions on Harley Davidson See the links below Have more questions on Harley Davidson See the links below Harley Davidson Wraps Up A Slow 2016 With Weaker Than Expected Financials Reliance On The Slow Domestic Market Is Weighing Down Harley Davidson
 
Health Care Sector Update for 03/23/2017: SSH,HTGM,CERU
Thu, 23 Mar 2017 17:18:12 +0000   
Top Health Care StocksTop Health Care Stocks JNJ 0 46 JNJ 0 46 PFE 0 15 PFE 0 15 MRK 0 29 MRK 0 29 ABT 0 24 ABT 0 24 AMGN 0 24 AMGN 0 24 Health care stocks were posting moderate gains with the NYSE Health Care Index climbing 0 4 Thursday afternoon while shares of health
 
Gold prices settle lower, pulling back after a 5-session rise
Thu, 23 Mar 2017 17:06:54 +0000   

Gold prices settled with a loss on Thursday, easing back after a streak of gains that spanned five sessions. Prices for the metal had recently climbed on the back of a sharp slump in global equities and weakness in the U.S. dollar, but global stock markets traded mostly higher and the greenback strengthened a bit Thursday. April gold declined by $2.50, or 0.2%, to settle at $1,247.20 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Fed's Williams says central bank may raise rates three more times this year
Thu, 23 Mar 2017 17:05:02 +0000   

WASHINGTON (MarketWatch) - The Federal Reserve could raise short-term interest rates three more times this year, said San Francisco Fed President John Williams on Thursday. "Three or even four increases as your total makes sense," Williams said in an interview with the Wall Street Journal. "I think the economy is in a good place right now," he said. The Fed raised interest rates last week and penciled in two more quarter-point hikes.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
15 Biggest Mid-Day Losers For Thursday
Thu, 23 Mar 2017 16:56:36 +0000   
  • Cerulean Pharma Inc (NASDAQ: CERU) shares dipped 27 percent to $0.817. Cerulean Pharma shares have dropped 60.28 percent over the past 52 weeks, while the S&P 500 index ...

Full story available on Benzinga.com

 
Trump, conservatives fail to strike deal on health bill
Thu, 23 Mar 2017 16:31:49 +0000   

Members of the House Freedom Caucus say there's no deal yet on supporting the House Republican health-care bill after a meeting with President Donald Trump on Thursday afternoon. Trump has been lobbying skeptical Republicans for the bill ahead of a planned vote on Thursday. But there were signs negotiations were ongoing as a vote time was still not set. "We're trying to get to yes," said Freedom Caucus Chairman Mark Meadows, a North Carolina Republican.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
15 Biggest Mid-Day Gainers For Thursday
Thu, 23 Mar 2017 16:29:54 +0000   
  • HTG Molecular Diagnostics Inc (NASDAQ: HTGM) shares climbed 89.7 percent to $4.06 after the company disclosed that it has obtained CE marking in the EU for HTG EdgeSeq ALKPlus ...

Full story available on Benzinga.com

 
Mid-Day Market Update: Dow Rises Over 50 Points; Tandem Diabetes Care Shares Plunge
Thu, 23 Mar 2017 16:04:09 +0000   

Midway through trading Thursday, the Dow traded up 0.32 ...

Full story available on Benzinga.com

 
Will Healthcare Reform Pass the House?
Thu, 23 Mar 2017 16:02:41 +0000   
Thursday March 23 2017 Pre market futures are up this morning ahead of a big vote in the U S House of Representatives that looks to replace the repealed ACA Obamacare law that addresses the healthcare of the nation This would indicate market participants are expecting this bill to
 
Stock Market News for March 23, 2017
Thu, 23 Mar 2017 16:00:37 +0000   
Benchmarks closed mostly in the green on Wednesday due to gains in technology and industrials shares While there was broad based gains in the technology sector industrials were boosted by FedEx Financial shares on the other hand declined following a cautious stance on rate hike outlook
 
Credit Suisse shares drop 2% on reports of $3 billion share sale
Thu, 23 Mar 2017 15:46:20 +0000   

Shares of Credit Suisse Group AG fell 2% in Zurich on Thursday after media reports the Swiss banking giant is considering a share sale to boost its capital buffers. Bloomberg said the company may issues shares representing 10% of its outstanding stock, equivalent to about 3.1 billion francs ($3.12 billion). The rights issue would happen instead of a separate listing of Credit Suisse's Swiss banking division, according to the reports. A representative from Credit Suisse wasn't immediately available to comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Altria Lower After RBC Downgrade
Thu, 23 Mar 2017 15:34:04 +0000   

Altria Group Inc (NYSE: MO) shares are trading lower by $0.70 ...

Full story available on Benzinga.com

 
Republican health-care bill disapproved by 56%-to-17% margin: poll
Thu, 23 Mar 2017 15:26:02 +0000   

American voters disapprove the Republican health-care bill 56% to 17%, with 26% undecided, according to a Quinnipiac University national poll released Thursday. The bill may be voted on as early as Thursday as a group of conservatives negotiate with Speaker Paul Ryan and others. The bill is unpopular enough that 46% of voters say they will be less likely to vote for a senator or representative that votes for the bill. One out of every seven Americans, 14%, think they will lose their health insurance under the Republican plan, the poll finds.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Market Vectors Gold Miners ETF Finds Resistance And Retreats
Thu, 23 Mar 2017 15:12:25 +0000   

Market Vectors Gold Miners ETF (NYSE: GDX) shares are trading ...

Full story available on Benzinga.com

 
Five Below Sharply Higher After Q4 Beat
Thu, 23 Mar 2017 15:02:37 +0000   

Five Below Inc (NASDAQ:

Full story available on Benzinga.com

 
U.K. police identify London attack suspect as 52-year old Khalid Masood
Thu, 23 Mar 2017 14:47:33 +0000   

The Metropolitan Police in London have identified the suspect of the deadly Wednesday attack in London as 52-year-old Khalid Masood. The suspected assailant was not the subject of any current investigations and "there was no prior intelligence about his intent to mount a terrorist attack," Scotland Yard said. However, he was known to police before and has a range of previous convictions for assault, possession of offensive weapons and public order offenses. Masood, also known by a number of aliases, was born in Kent in the southeast of England, but detectives believe he was most recently living in the West Midlands.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Insys Surrenders Some Early Gains After Synros Announced As A Schedule 11 Drug
Thu, 23 Mar 2017 14:46:03 +0000   

Insys Therapeutics Inc (NASDAQ: INYS) shares are trading higher by $0.66 (6 percent) at $10.87 in Thursday's ...

Full story available on Benzinga.com

 
Mid-Morning Market Update: Markets Mostly Flat; Conagra Profit Beats Estimates - Nasdaq
Thu, 23 Mar 2017 14:36:29 +0000   

Mid-Morning Market Update: Markets Mostly Flat; Conagra Profit Beats Estimates
Nasdaq
Following the market opening Thursday, the Dow traded up 0.02 percent to 20,666.07 while the NASDAQ fell 0.03 percent to 5,820.06. The S&P also rose, gaining 0.05 percent to 2,349.65. Leading and Lagging Sectors. Thursday morning, the financial sector ...

and more »
 
Mid-Morning Market Update: Markets Mostly Flat; Conagra Profit Beats Estimates
Thu, 23 Mar 2017 14:36:29 +0000   

Following the market opening Thursday, the Dow traded up ...

Full story available on Benzinga.com

 
FireEye Higher After Goldman Sachs Goes From Sell To Buy
Thu, 23 Mar 2017 14:27:14 +0000   

FireEye Inc (NASDAQ: FEYE) shares are trading higher by $1.00 (7.5 percent) at $12.49.

In ...

Full story available on Benzinga.com

 
How To Make Investing Decisions Based On Politics: Don't.
Thu, 23 Mar 2017 14:24:14 +0000   
Predicting the outcome of political situations is even more fraught with danger than attempting to predict financial markets, but the drop in stocks over the last few days has been about people attempting to do just that. The health care bill supported by the Republican Party ’s Congressional leaders and by
 
Whole Foods is a 'victim of its own success,' says UBS
Thu, 23 Mar 2017 14:23:15 +0000   

Whole Foods Market Inc. was initiated on Thursday at sell at UBS with a $25 stock price target, with analysts saying the company faces intensifying competition after being a pioneer in the organic food space. "While Whole Foods has done so much to inspire, create, and revolutionize the market for natural and organic, we now see it being the victim of its own success," analysts wrote in a note. "Whole Foods' nine-point plan is a good strategy to confront the challenges it is facing. But, we don't think it will fully address the fact that the distribution of natural/organic continues to widen." Analysts suggest that the company needs to move from a "growth phase to an efficiency phase." Cost savings of $300 million "is a start", but growth must be "process-oriented." Whole Foods shares are down 0.8% in Thursday trading, and down 7.6% for the past year. The S&P 500 index is up 15.8% for the last 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Chesapeake Energy's stock jumps after analyst sees price doubling in the next year
Thu, 23 Mar 2017 14:22:06 +0000   

Shares of Chesapeake Energy Corp. climbed 1.4% in morning trade Thursday, after Stifel Nicolaus published a bullish research note that implied the stock could possibly double in a year. Analyst Karl Chalabala started coverage of Chesapeake with a buy rating, which for Stifel means the stock is expected to provide investors with a total return of greater than 10% over the next 12 months. But Chalabala said the stock price target was $10.00, which is exactly double Wednesday's closing price of $5.00. "Following a wave of asset divestitures, debt repayments and midstream obligation renegotiations, we believe Chesapeake is well positioned to succeed in the North American shale low-price commodity environment," Chalabala wrote in a note to clients. The stock has plunged 28% year to date, while the SPDR Energy Select Sector ETF has lost 8.2% and the S&P 500 has gained 5.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Late Easter holiday will drive record spending - NRF
Thu, 23 Mar 2017 14:03:14 +0000   

Spending for the Easter holiday is expected to reach $18.4 billion, up 6% from $17.3 billion last year, according to the National Retail Federation, a record high for the 14-year-old annual survey. Individual spending will be an average $152, up from last year's record $146. Easter 2017 takes place three weeks later than last year. Coupled with the warm weather, shoppers will be "in the frame of mind to splurge on spring apparel along with Easter decorations," said NRF Chief Executive Matthew Shay in a statement. Customers will spend $5.8 billion on food, $3.3 billion on clothing, $1.1 billion on decorations, and $2.26 billion on candy, the group said. The SPDR S&P Retail ETF is down 7.7% for the past year while the S&P 500 index is up 15.6% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Utah resident killed, wife injured in London terrorist attack
Thu, 23 Mar 2017 14:00:36 +0000   

An American tourist is the third confirmed death in Wednesday's terrorist attack on near the Houses of Parliament in London. Kurt Cochran, 54, from West Bountiful, Utah, was on Westminster Bridge when a driver plowed his car into pedestrians, multiple news reports said Thursday. Cochran's wife, Melissa, was being treated for her injuries in the hospital. The couple were in Europe celebrating their 25th wedding anniversary and were scheduled to return on Thursday, according to a statement from Kurt Cochran's family. A 43-year-old Spanish teacher and a 48-year-old Metropolitan Police officer were the other two people killed during Wednesday's attack. The attacker was shot dead by police Wednesday. Islamic State's news agency, Amaq, said one of its followers carried out the attack.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Health Care Sector Update for 03/23/2017: ALXN
Thu, 23 Mar 2017 13:38:18 +0000   
Top Health care stocks Top Health care stocks JNJ flatJNJ flat PFE flatPFE flat ABT flatABT flat MRK flatMRK flat AMGN 0 1 AMGN 0 1 Health care shares were mainly unchanged in pre market trade on Thursday Health care shares were mainly unchanged in pre market trade on Thursday
 
EIA reports weekly decline of 150 billion cubic feet in U.S. natural-gas supplies
Thu, 23 Mar 2017 13:35:34 +0000   

Data from the U.S. Energy Information Administration Thursday showed that domestic supplies of natural gas fell by 150 billion cubic feet for the week ended March 17. That was slightly less than the decline of 153 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 2.092 trillion cubic feet, down 399 billion cubic feet from a year ago, but 266 billion cubic feet above the five-year average, the government said. April natural gas was up less than a cent, or 0.1%, from Wednesday's settlement at $3.017 per million British thermal units. It was trading at $3.045 before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Volkswagen's return to European debt markets met with warm reception
Thu, 23 Mar 2017 13:29:13 +0000   

Volkswagen AG's return to European debt markets has been met with a warm reception from investors, who're rushing to participate in Thursday's expected 7.5 billion euro ($8.1 billion) bond offering, according to a report from the Financial Times. The bond had attracted 22 billion euros ($23.8 billion) in bids by mid-morning, London Time, the FT reported, with debt being sold in four tranches with maturities from two to 10 years. The German automaker was once one of the largest bond issuers in Europe, but it hasn't sold a benchmark bond denominated in a G-10 currency since August 2015. In January, the company agreed to pay $4.3 billion in criminal and civil fines and pleaded guilty to three criminal felony counts. These fines brought the automakers' total scandal-related costs in the U.S. to $20 billion. The company's U.S.-traded shares were off 1.3% at $29.92 in Thursday trade.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
House Speaker Ryan delays news conference ahead of health-care vote
Thu, 23 Mar 2017 13:11:47 +0000   

House Speaker Paul Ryan pushed back his 11:30 a.m. Eastern news conference to 3:30 p.m., in a possible sign that Republicans are still searching for votes on their health-care bill. House leaders have been planning to vote on the American Health Care Act Thursday but reports have said they are short of votes. President Donald Trump is meeting with conservative members Thursday morning to drum up support.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Man arrested for trying to drive car into crowd in Belgian city: reports
Thu, 23 Mar 2017 12:54:39 +0000   

A man has been detained Thursday after trying to drive a vehicle into a crowd in Antwerp, Belgium, according to multiple media reports citing Belgian police. The vehicle was driven into a main shopping street at high speed, said a police spokesman, according to a BBC report. The arrest comes a day after pedestrians in London were mowed down by a car on Westminster Bridge, leaving 40 injured. Four people have died, including the attacker who was shot by police. It's been one year and a day since Brussels, Belgium's capital, was hit by suicide bombings that left 32 victims and three attackers dead.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

 
Real Estate Daily Market Update: March 23, 2017 - Inman News - Inman.com
Thu, 23 Mar 2017 09:58:30 +0000   

Real Estate Daily Market Update: March 23, 2017 - Inman News
Inman.com
All the latest real estate market news, updated regularly throughout the day so you don't miss a thing.

and more »
 
Market Close Report: NASDAQ Composite index closes at 5,821.64 up 27.81 points
Wed, 22 Mar 2017 20:49:58 +0000   
Wednesday s session closes with the NASDAQ Composite Index at 5 821 64 The total shares traded for the NASDAQ was over 1 95 billion Declining stocks led advancers by 1 35 to 1 ratio There were 1226 advancers and 1649 decliners for the day On the NASDAQ Stock Exchange 13 stocks reached a 52
 
Health Care Sector Update for 03/22/2017: AUPH,MBRX,VTL
Wed, 22 Mar 2017 20:38:07 +0000   
Top Health Care StocksTop Health Care Stocks JNJ 0 65 JNJ 0 65 PFE 0 66 PFE 0 66 MRK 0 09 MRK 0 09 ABT 0 53 ABT 0 53 AMGN 0 38 AMGN 0 38 Health care stocks were slightly higher in late trade with the NYSE Health Care Index adding about 0 1 in value in recent trade while shares
 
Technical Correction In Stocks Still Early, A Gift To Buy
Wed, 22 Mar 2017 20:18:56 +0000   
Yesterday we talked about the significance of the break down in the “Trump trend” across key markets (stocks, government bond yields and gold). The 1% loss in stocks was no big deal, but the break in the trend was a big deal - especially given the backdrop of a longer timeline to get to tax reform. Since the
 
Making Sense Of Roche's Recent Settlement With Mylan And Aphinity Trial
Wed, 22 Mar 2017 19:58:43 +0000   
Roche s RHHBY stock rallied by nearly 7 earlier this month when the company announced the results from its much awaited Aphinity trial which tested the combination of Herceptin and Perjeta for after surgery breast cancer The 160 results were positive and put the recent settlement
 
AFBF Econ Team Delivers March 2017 Livestock Market Update - Farm Bureau News
Wed, 22 Mar 2017 19:53:19 +0000   

AFBF Econ Team Delivers March 2017 Livestock Market Update
Farm Bureau News
In her latest livestock market report—Beef Trimmings Critical to the Beef Value Chain—AFBF economist Katelyn McCullock explains that beef trimmings—the portion of the carcass that is “trimmed away” when the carcass is broken down into meat cuts such ...

 
Mid-Afternoon Market Update: Sears Drops After Warning Of Ability To Continue As A Going Concern; Idera Pharma Shares Surge
Wed, 22 Mar 2017 18:51:31 +0000   

Toward the end of trading Wednesday, the Dow traded down ...

Full story available on Benzinga.com

 
Health Care Sector Update for 03/22/2017: GLPG,ABBV,MBRX,VTL
Wed, 22 Mar 2017 18:26:45 +0000   
Top Health Care StocksTop Health Care Stocks JNJ 0 59 JNJ 0 59 PFE 0 31 PFE 0 31 MRK 0 28 MRK 0 28 ABT 0 91 ABT 0 91 AMGN 0 06 AMGN 0 06 Health care stocks were slightly higher today with the NYSE Health Care Index adding about 0 1 in value in recent trade while shares of
 
WEDC Market Update: International growth opportunities — Singapore - Milwaukee Business Journal
Wed, 22 Mar 2017 18:06:24 +0000   

Milwaukee Business Journal

WEDC Market Update: International growth opportunities — Singapore
Milwaukee Business Journal
These qualities make it one of the easier markets for the success of Wisconsin exporters. During the first 10 years of the U.S.-Singapore Free Trade Agreement, which took effect on Jan. 1, 2004, two-way trade with the U.S. has increased 53 percent, and ...

 
15 Biggest Mid-Day Losers For Wednesday
Wed, 22 Mar 2017 17:02:13 +0000   
  • Diana Containerships Inc (NASDAQ: DCIX) shares dipped 22.8 percent to $1.76. Diana Containerships reported up to $150 million securities offering.

Latest Ratings ...

Full story available on Benzinga.com

 
15 Biggest Mid-Day Gainers For Wednesday
Wed, 22 Mar 2017 16:40:02 +0000   
  • Moleculin Biotech Inc (NASDAQ: MBRX) shares surged 28 ...

Full story available on Benzinga.com

 
Mid-Day Market Update: Duluth Surges On Earnings Beat; Diana Containerships Shares Plummet
Wed, 22 Mar 2017 16:20:37 +0000   

Midway through trading Wednesday, the Dow traded down 0.03 ...

Full story available on Benzinga.com

 
Mid-Day Market Update: Duluth Surges On Earnings Beat; Diana Containerships Shares Plummet - Nasdaq
Wed, 22 Mar 2017 16:20:37 +0000   

Splash 247

Mid-Day Market Update: Duluth Surges On Earnings Beat; Diana Containerships Shares Plummet
Nasdaq
Midway through trading Wednesday, the Dow traded down 0.03 percent to 20,661.19 while the NASDAQ rose 0.35 percent to 5,814.28. The S&P also rose, gaining 0.18 percent to 2,348.15. Leading and Lagging Sectors. On Wednesday, the technology sector ...
Mid-Morning Market Update: Markets Mostly Lower; Nike Sales Miss ...Benzinga

all 26 news articles »
 
American Airlines Lower After Morgan Stanley Downgrade
Wed, 22 Mar 2017 15:19:04 +0000   

American Airlines Group Inc (NASDAQ: AAL) shares are trading lower by ...

Full story available on Benzinga.com

 
Mid-Day Market Update: Dow Falls 150 Points; Pulmatrix Shares ... - Nasdaq
Tue, 21 Mar 2017 16:30:12 +0000   

Mid-Day Market Update: Dow Falls 150 Points; Pulmatrix Shares ...
Nasdaq
Midway through trading Tuesday, the Dow traded down 0.73 percent to 20753.60 while the NASDAQ declined 1.10 percent to 5836.38. The S&P also.
Mid-Afternoon Market Update: Crude Oil Down 1.5%; Canadian Solar Shares Drop On Earnings MissBenzinga

all 4 news articles »
 
Stocks are suddenly tanking - Business Insider
Tue, 21 Mar 2017 15:09:53 +0000   

Stocks are suddenly tanking
Business Insider
The Fed stuck to its outlook for two more hikes this year, instead of the three expected by the market. Bank of Kansas City President Esther George and Cleveland Fed chief Loretta Mester are scheduled to speak later in the day, while Boston Fed head ...

and more »
 
Surprise in Federal Reserve Meeting Aftermath – Market Update - Zing! Blog by Quicken Loans (blog)
Mon, 20 Mar 2017 21:41:02 +0000   

Surprise in Federal Reserve Meeting Aftermath – Market Update
Zing! Blog by Quicken Loans (blog)
If you've been following the hoops action this weekend, you know there were a couple of big upsets. We'll definitely be crowning a new national champion. The market saw some similar excitement last week. The Federal Reserve did exactly as expected, but ...

and more »
 
Silver Market Update 3/18/17 - Seeking Alpha
Mon, 20 Mar 2017 00:06:05 +0000   

Seeking Alpha

Silver Market Update 3/18/17
Seeking Alpha
This is the first of a weekly market update for silver, where we will update the key drivers of our silver and related investments like the iShares Silver Trust (NYSEARCA:SLV). Like many, we view the silver market as fundamentally undervalued in ...

 
 


Spotlight

Copyright 2009 - 2015 Market Bulletin | All Rights Reserved.