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Another Murky Year Could Await Indonesia ETFs
Wednesday, January 20, 2016 - 9:12am | 543The iShares Indonesia Investable Market Index Fund ETF (iShares MSCI Indons Invstbl Mrkt Indx Fd (NYSE: EIDO)) and the Market Vectors Indonesia Index ETF (NYSE: IDX) are down an average of just 2.75 percent this year compared to a loss of 10.3 percent for the MSCI Emerging Markets. From 2010...
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Don't Bet On A Rebound For The Turkey ETF
Thursday, December 10, 2015 - 11:04am | 557The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is off just 0.8 percent this quarter, a showing far superior to the 3.4 percent lost by iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM). However, investors might want to curb their enthusiasm for Turkish stocks and TUR. Judging by the...
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Brazilian Real Falling Again After Monday Rally; Bovespa Still Up
Tuesday, September 15, 2015 - 4:07pm | 384The Brazilian real surged 1.7 percent on Monday after the government announced new cutbacks in its 2016 budget. After experiencing its largest single-day gain in more than one month, the currency is falling again on Tuesday. The real hit a 13-year low last week after Standard & Poor's...
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S&P Cuts Brazil To Junk: What It Means
Thursday, September 10, 2015 - 2:50pm | 447S&P cut Brazil's sovereign credit rating to BB+. The Bovespa index fell about 0.6 percent on Thursday. The real tumbled more than 1.75 percent. Although a downgrade was expected, the timing of the demotion was unexpected. Standard & Poor's has downgraded Brazil’s...
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The Overweight Debate: Morgan Stanley Starts Coverage On Moody's & McGraw Hill
Friday, March 27, 2015 - 12:36pm | 893On March 26, Morgan Stanley initiated coverage on credit rating stalwarts Moody's Corporation (NYSE: MCO) and McGraw Hill Financial Inc (NYSE: MHFI), parent company of the Standard & Poor's rating agency. Now that the overhang of post-financial crises regulatory and legal issues have diminished...
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American Airlines CEO On Inclusion In The S&P 500
Tuesday, March 17, 2015 - 2:01pm | 344Shares of American Airlines Group Inc (NASDAQ: AAL) spiked during Tuesday's opening on news that the company will be added to the Standard & Poor's 500 Index. Doug Parker, American Airlines CEO, was on CNBC following the announcement to weigh in on the airliner's addition to the S...
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Best And Worst ETFs Of The Week Amid Renewed Breakout
Friday, February 13, 2015 - 4:30pm | 495Stocks were hard on the gas this week as major indices such as the SPDR S&P 500 ETF Trust (NYSE: SPY) broke out to new highs. This breakout was preceded by a multi-week sideways price trend that ultimately resolved to the upside in favor of the bulls. One of the more notable areas of the...
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S&P Cuts Russia To Junk Status, Ruble And Shares Fall
Monday, January 26, 2015 - 4:51pm | 179Russia’s credit rating was cut by S&P Monday from BBB- to BB+, the first tier of the non-investment grade, ‘junk’ ratings. It was the first time in more than 10 years the country was rated below investment-grade. S&P also maintained a negative outlook, which could...
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Euro Steady Above $1.26 With Battle Over French Budget On The Horizon
Wednesday, October 15, 2014 - 7:45am | 334The euro traded steadily at $1.2659 at 7:00 GMT, weighed down by more poor economic data from the region. The common currency has been under pressure as recent figures have indicated that the region’s economy is falling off the path to recovery and may be headed for a recession. On...
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#PreMarket Primer: Tuesday, March 25: Group Of Seven Calls For Tougher Sanctions
Tuesday, March 25, 2014 - 7:10am | 1065Two decades after integrating Russia into international decision making, world leaders gathered at an emergency meeting and decided to remove Russia from the Group of Eight until the nation changes course in Ukraine. In a joint statement following the meeting, the Group of Seven leaders...
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The Womack Strategy: Buy, Sell And Go Back To The Farm
Friday, October 4, 2013 - 11:27am | 773Most investors suffer from a short-term 'get rich quick' focus. Virtually all of the studies that investigate individual investor results find that individuals badly lag the market and one of the biggest culprits is over trading. Other studies show that less than 10 percent even turn a profit,...
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S&P Takes the Axe To Banks; Shares Drop (CS, DB, BCS)
Wednesday, July 3, 2013 - 8:26am | 651S&P cut the debt ratings of three of Europe's largest banks late Tuesday as new rules and "uncertain market conditions" threaten business across the continent. Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), and Deutsche Bank (NYSE: DB) all had their credit ratings cut one notch. Downgrades...
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The Week Ahead: Earnings from McGraw-Hill, Cisco, Pepsi; Chinese New Year
Friday, February 8, 2013 - 5:04pm | 990Earnings season is beginning to wind down, but the second full week of February will still be full of earnings reports from a variety of companies. Companies as diverse as McGraw-Hill (NYSE: MHP), Michael Kors (NYSE: KORS), Goodyear Tire (NASDAQ: GT), Cisco (NASDAQ: CSCO), Zillow (NASDAQ: Z),...
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Benzinga Market Primer, Tuesday October 16
Tuesday, October 16, 2012 - 6:12am | 1085U.S. equity futures rose slightly in early Tuesday trading as reports surfaced indicating that Spain may be closer to submitting to a Troika program in exchange for debt support from the ECB. Recently, it appeared as though Spain was reluctant to ask for a bailout, as the country did not want to...
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Spanish Bailout Rumored for November
Monday, October 15, 2012 - 7:18am | 266The euro started off the week on Monday morning at 1.2944. The currency held level even after controversial news out of the eurozone last week. Standard & Poor's decision to downgrade Spain and a gloomy forecast from the International Monetary Fund weighed on the euro, but did not cause a...