Asia’s Top Stock Market Is Having Its Worst Month in Two Years
Bloomberg–8 hours ago
Alan Richardson, portfolio manager at Samsung Asset Management, whose fund has outperformed 94 percent of its peers on a five-year return basis said the “market has peaked” after the nation’s benchmark index gained 130 percent from a low in 2016 through a record high on April 6. The fund sold a …
Market Is Unimpressed By Alphabet Earnings Beat
U.S. News & World Report–13 hours ago
Alphabet Inc (Nasdaq: GOOG, GOOGL) reported another strong quarter of growth on Monday afternoon, beating consensus estimates on both earnings and revenue. Google’s parent company reported first-quarter earnings per share of $9.93 on revenue of $31.15 billion. Analysts had been expecting EPS …
Stocks End Mixed as Tech Slumps; Dollar Rallies: Markets Wrap
Bloomberg–14 hours ago
“The entire market is watching that rates move and if we manage to break and extend higher the dollar will follow,” wrote Brad Bechtel, global head of FX at Jefferies, in a note Monday. “If we fail and resume lower again the dollar will likely follow that too.” Elsewhere, aluminum plunged as much as 9.4 …
This Market Needs the FAANGs to Perform, Or Else: Taking Stock
Bloomberg–Apr 23, 2018
But the fact that traders are looking for excuses to sell the winners of the bull market(tech and financials), like the pounding that the semis took and the recent profit-taking in the banks, continues to linger. So it’ll be interesting to see how the marketreacts to any whisper misses or negative color from any of …
Europe Investors Bet Profits Will Spur Stock Market Comeback
Bloomberg–5 hours ago
Europe Investors Bet Profits Will Spur Stock Market Comeback. By. Aleksandra Gjorgievska. @alekswrites More stories by Aleksandra Gjorgievska. April 23, 2018, 9:00 PM PDT Updated on April 24, 2018, 1:16 AM PDT. JPMorgan expects positive surprises from first-quarter results. Profit season heats up as euro, economy …
Is the Middle East’s Solar Market Breakthrough Finally Happening?
Greentech Media–17 hours ago
According to GTM Research’s new Global Solar Market Attractiveness Index, the region is home to some of the most attractive markets for new-buildsolarin the world, and a steady stream of internationally competitive tenders — including more than 8 gigawatts expected in 2018 — has created a sizable …
Stocks Lethargic as 10-Year Treasury Yield Nears 3%
Wall Street Journal–Apr 23, 2018
The S&P 500 was largely unchanged Monday as a stock-market rally that once appeared unstoppable entered its longest stretch of vulnerability since the financial crisis. Monday’s increase of less than 0.1% marked the 51st trading day since the index suffered a correction—a decline of at least 10% from a …
Global Stocks Rise on Corporate Earnings Boost
Wall Street Journal–1 hour ago
Futures pointed to a 0.5% opening rise for the S&P 500, with Alphabet’s shares inching higher in pre-market trading after the Google parent posted a surge in … “[Climbing] bond yields could be holding the market back from where it would otherwise be,” he added. … —James Glynn contributed to this article.
Follow-the-Leader Is Fast Becoming a Loser’s Game in the Stock Market
Bloomberg–13 hours ago
From tech giants to banks, the market’s shining stars have fallen back to Earth one after the other, with few holding to the top spot for very long. The latest flameout? Chipmakers. The Philadelphia Semiconductor Index has dropped almost 8 percent in four days, leaving it essentially flat for the year like the …
Existing-Home Sales Rise But Inventories and Prices Likely to Check …
Wall Street Journal–18 hours ago
“The market seems to be plateauing lately rather than breaking through,” said Zillow Senior Economist Aaron Terrazas. … “They have these historically low mortgage rates and it take a lot to convince them to put their house on the market,” Mr. Berson said. The tax … —Sharon Nunn contributed to this article.
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