-
Thursday's Selling Momentum Continues Into Friday
Friday, August 1, 2014 - 4:33pm | 2380U.S. stocks picked up where they left off after Thursday's sharp sell-off as positive earnings reports yet again took a backstage to geo-political uncertainties. Not helping the bull cause was nonfarm payrolls, rising by 209,000, less than the 233,000 expected. The jobless rate also ticked...
-
Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched
Tuesday, July 15, 2014 - 4:35pm | 2480U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...
-
Market Wrap For June 18: Markets Rally On Fed Comments And Tapering
Wednesday, June 18, 2014 - 4:34pm | 2069U.S. stocks rose as investors and traders digested comments from the Federal Reserve. The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month. The Fed also...
-
Market Wrap For June 12: Iraq Concerns Dampens Bullish Momentum
Thursday, June 12, 2014 - 4:37pm | 1579U.S. stocks declined as investors demonstrated concerns over recent escalations of violence in Iraq. Crude oil rose as a wave of violence has seen Mosul and Tikrit (two cities key to Iraq's oil industry) fall to insurgent forces. The Senate confirmed former Bank of Israel government...
-
Market Wrap For May 20: Markets Sharply Lower On Fed Talk, Disappointing Earnings
Tuesday, May 20, 2014 - 4:42pm | 2471U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...
-
Analysts Upgrade, Downgrade And Retain Ratings On DirecTV
Tuesday, May 20, 2014 - 10:58am | 289After the announcement of the $49 billion acquisition of DirecTV (NASDAQ: DTV) by AT&T (NYSE: T) analysts from Nomura, Pivotal and the Buckingham Research Group have all had different views and ratings on DirecTV. With the acquisition still needing to receive approval from US and foreign...
-
AT&T And DirecTV Merger Is 'Bad For All Consumers'
Tuesday, May 20, 2014 - 10:30am | 613AT&T (NYSE: T) plans to purchase DirecTV (NASDAQ: DTV) for $48.5 billion. In a press release, both companies brag that it will create a "content distribution leader" across mobile, video and broadband. AT&T Chairman and CEO Randall Stephenson referred to the merger as a "unique...
-
#PreMarket Primer: Tuesday, May 20: Credit Suisse Pleads Guilty; Will Pay $2.6 Billion In Fines
Tuesday, May 20, 2014 - 7:08am | 1200Credit Suisse pleaded guilty in its criminal tax case on Monday and admitted its part in helping wealthy clients evade taxes. The firm will pay $2.6 billion worth of fines for failing to comply with tax laws by helping its customers open offshore accounts and destroying account records that...
-
#PreMarket Primer: Monday, May 19: DirecTV Rises On Offer From AT&T; AstraZeneca Rejects Pfizer Bid
Monday, May 19, 2014 - 7:04am | 1137AT&T Inc. announced a deal to acquire DirecTV for $49 billion over the weekend, as the firm attempts to adapt to a quickly changing media landscape. Both businesses’ boards approved the agreement on Sunday, creating a company with 26 million pay-TV subscribers. The deal comes shortly after...
-
#PreMarket Primer: Thursday, May 15: Eurozone GDP Highlights Uneven Recovery
Thursday, May 15, 2014 - 6:43am | 1151Eurozone first quarter GDP figures came in with mixed performances across the region. Germany, the bloc’s largest economy, saw an 0.8 percent rise in gross domestic product. The data marked the nation’s fastest expansion since 2011. By contrast, the eurozone’s second largest economy, France,...
-
Market Wrap For May 14: Dow's Winning Streak Ends At Five Sessions
Wednesday, May 14, 2014 - 4:47pm | 2536U.S. stocks declined a day after the S&P 500 and Dow indices traded at record-high levels. Investors and traders were likely paying attention to the ten-year Treasury yield which hit 2.5258, the lowest level since late October. The bull market has paused, temporarily at least, until...
-
Market Wrap For May 13: Markets Close Again At Record Highs
Tuesday, May 13, 2014 - 4:36pm | 2460U.S. stocks were mixed as a positive measurement of small business sentiment offset a disappointing retail data set. Following Monday's action, the S&P 500 and Dow indices not only traded at new historical-all time highs, but closed at record highs. In fact, the S&P 500 briefly traded...
-
$50 Billion AT&T DirecTV Merger Reportedly Two Weeks Away
Tuesday, May 13, 2014 - 10:35am | 668As if Federal regulators didn’t have enough to mull over with Comcast's (NASDAQ: CMCSA) proposed acquisition of Time Warner Cable (NYSE: TWC), now comes word that AT&T (NYSE: T) is close to “sealing the deal” on a takeover of DirecTV (NASDAQ: DTV). The AT&T/DirecTV merger would...
-
#PreMarket Primer: Tuesday, May 13: Moscow Gives No Response To Donetsk's Request To Join Russia
Tuesday, May 13, 2014 - 7:03am | 1195Following a referendum on secession over the weekend, pro-Russian separatists in Ukraine formally asked to become a part of Russia on Monday. Ukraine’s Donetsk region, where much of the conflict has been centered, made a plea to the Kremlin which was reminiscent of the situation in Crimea...
-
Market Wrap For May 8: Tesla Helps Extend Nasdaq's Losing Streak To 3 Straight Days
Thursday, May 8, 2014 - 4:32pm | 3174U.S. stocks were mixed as the Dow finished in positive territory and the S&P 500 index turned negative after rising to within two points of its record close. The Nasdaq also turned negative towards the end of the day, declining for the third straight day. Earnings continue to come in mixed...