News Reality

Stocks Melt Up? Not So Fast

by www.forbes.com
he stock market surprised many by opening strong Monday and closing with nice gains. On the NYSE there were 2159 stocks advancing and just 848 declining. In my weekend Forbes article "The Week Ahead: Overvalued Or Not - It Still Could Be A Tough October" I noted that "Stocks needed a strong close last week with good A/D numbers to signal a new rally phase was underway but this did not happen. A sharply lower close this week will turn the focus on the downside.." When the daily NYSE, S&P 500, Nasdaq 100 and Russell 2000 advance/decline lines made new highs on September 22nd there was the potential for stocks to start a new rally phase. This would have been consistent with the bullish action from both the weekly and monthly A/D lines. This required strong A/D numbers last week but instead they were not that impressive even on up days.
Read Full Article On www.forbes.com
Latest
They have identified clothes such as a skirt and top, costing from £12, which are part of Sainsbury's Pisa collection inspired by the Italian Riviera and Dolce & Gabbana.
The firm, which hosts international exhibitions and events, said it had run 14 of its top 20 events in the first four months of this year and received more than 90 per cent of is budgeted revenue.
Hundreds of thousands of customers have bought vehicles under personal contract purchase plans – often sold by forecourt salesman who make commission by flogging these finance deals.
Blue chips gained 0.4 per cent to end the day up 29.92 points at 7547.63, as the pound dived 1.2 per cent to $1.2791 after a poll showed a narrowing Conservative lead for the general election.
Alfa Financial Software joined the market yesterday, in a move that valued the company at £975m. It handed the co-founder and chief executive a £254m payday.
The troubled lender – which is backed by aristocrat Graham Wellesley – allows savers to lend their cash to housing developers. It has faced fears about the quality of its loans.
Russia sanctions not going away anytime soon, if Washington is to be believed. Others in the market say, look to France.
This is a weekly recap of the financial news in the cannabis industry for the week ending 5/26/2017.
Costco reported solid fiscal third quarter results on Thursday, May 25, as both its revenues and earnings came in ahead of consensus estimates. This note discusses key takeaways from earnings, and wha
Data compiled by the FDIC about U.S. bank failures shows a rather discomforting trend: 5 U.S. commercial banks have failed so far in 2017 – equaling the total number of bank failures for full-year 201
Although the Las Vegas Strip is the third-largest casino market globally, Las Vegas Sands (NYSE: LVS) derives just around 13% of its revenues from the region. The company has focused on expanding inte
The BSE Sensex has gained 25.5% since the Narendra Moidi govt took charge in 2014
In the three years since Narendra Modi was sworn in as prime minister, the mood in the primary market has improved. Fifty seven Initial Public Offers of equity (IPOs) have hit the market in this perio
Overall stock market has grown from little over Rs 75 lakh crore to more than Rs 125 lakh crore now
Verizon’s CEO recently indicated that the carrier plans to launch its own over-the-top streaming TV service later this year. The move is not surprising, as video has been a major theme in the wireless
The past few weeks saw two major steel companies, U.S. Steel and ArcelorMittal, release their first quarter results, and there was a stark contrast between the results of the two companies, specifical
It isn’t America, but the rest of the world, that is driving corporate earnings growth.
YES SecuritiesVoltas (Accumulate)CMP: ?499.90Target: ?545Voltas’ 4QFY17 consolidated sales rose 10 per cent y-o-y to ?2,040 crore, owing to 28 per cent/15 per cent rise in Unitary Cooling Products (U
Shares of Maan Aluminium will remain in focus, as its board on Friday approved issue of bonus shares via capitalisation of free reserves. The bonus issue will be in the ratio of 1:1. The decision ...
The Centre is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3-per cent stake sale in Indian Oil Corporation to raise about ?6,400 crore, a Thomson Reuter
Mercator informed the exchanges on Friday that it has been awarded a contract by the New Mangalore Port Trust for maintenance dredging at the New Mangalore Port for a period of three years. The aggre
Pharma funds posting a 7% negative return raises many questions
The rupee on Friday continued its upmove against the dollar for the third straight day, surging 18 paise to end at a one-week high of 64.44, buoyed by stocks that soared as the Modi government comple
The world has changed immeasurably, and continues to. Old solutions to tackle economic problems won’t yield results and new tools must be contemplated, which requires fresh approaches. In earlier r..
However, bonus issues almost double
Release of pepper held in exchange warehouses for long pulled spot pepper prices down further on Friday, market sources told BusinessLine.On the terminal market 10 tonnes were traded. Spot prices dec
Weak futures and slack physical demand dragged edible oils prices on Friday. Liberty’s rates for Palmolein Ex STC / Shapur were ?572 / ?573 for May. Super palmolein at ?593 for May . Allana’s rates..
Visiting the Gujarat International Finance Tec-City (GIFT City), Union Minister of State in Finance and Corporate Affairs, Government of India, and Chairman of the International Financial Services Cen
The group said the move will only have an impact on Legal & General Investment Management and that it was subject to regulatory approval.
This year has been good for both bond and stock investors. To rely on that benign picture lasting looks risky.
Nike continues to see solid revenue and earnings growth, but has been dealing with increased competition from a resurgent Adidas, while also facing pressure from Under Armour in its basketball divisio
The tonic maker – valued at almost £2billion – saw its share price slump by 5 per cent on Thursday after one of its founders cashed in a chunk of his shares.
Sad about not getting a raise? Dropping productivity is the culprit. And Facebook may be to blame. Buying its stock may be your best revenge.

Recent News

SO&U wins continental award

SO&U Nigeria, a media agency specialised in creativity, television, film and integrated campaigns, has won a continental prize in the 2017 African Cristal Festival Awards. The agency won an Emeral
Read Full Article

Elutabe wants tougher sanctions for erring clubs

The President of Lagos-based Nationwide League side, Freestan FC, Efemena Elutabe, has charged the League Management Company to come hard on clubs found guilty of conducts inimical to the growth of Ni
Read Full Article

NTF: New athletes’ rep rule causes ripples

’Tana Aiyejina An alleged new rule restricting contestants for the athletes’ representative into the board of the Nigeria Tennis Federation to only players who have represented the country in the Davi
Read Full Article

Children under siege in Nigeria – Child rights activists

But in spite of this development, child rights activist and Secretary General of the Child Protection Network in Lagos State, Mr. Taiwo Akinlami, said it is sad that Nigeria has yet to start taking ac
Read Full Article

Netball: BNB tourney set to begin

Four men and women teams will on Monday battle for honours at the Bringing Netball Back Club Championships at the Teslim Balogun Stadium, Lagos. In a statement issued by the organisers in Lagos, the m
Read Full Article

NDLEA intercepts 5,863kg of cannabis from Ghana

Kunle Falayi Operatives of the National Drug Law Enforcement Agency, Seme Border Command of Lagos have intercepted 5,863kg of compressed cannabis. The illegal consignment, said to originate from Ghana
Read Full Article

UNIBEN probes alleged stabbing of student by colleague

Alexander Okere, Benin The management of the University of Benin, Edo State, on Friday said it has launched an internal investigation into the alleged stabbing of a female student of the institution b
Read Full Article

PML, ITC collaborate on cigarette manufacturing in Nigeria

Jesusegun Alagbe Philip Morris Limited, the Nigerian affiliate of Philip Morris International, has partnered the International Tobacco Company Limited to manufacture one of PMI’s tobacco brands in the
Read Full Article

Robbers storm church, beat up priest’s wife, attack guard

Success Nwogu, Ilorin Eight suspected armed robbers invaded the Mission House of the First Baptist Church, Surulere in Ilorin, the Kwara State capital on Thursday. Rev. Solomon Gbenjo said two of the
Read Full Article

Popular Finance

Trump didn't win any friends in Europe

Europe, the last leg of President Trump’s first foray into international diplomacy, was supposed to be both a learning experience and an exercise in fence-mending with longstanding American allies
Read Full Article

Andrea Cline of San Pedro is City Section player of the year in softball

Read Full Article

Chino Hills will not be playing in any summer basketball tournaments

Read Full Article

Another consequence of climate change: A good night's sleep

It’s no surprise that a change in our planet’s climate would affect our coastlines, our weather patterns and our food supply. But here’s something you may not have considered before: Global warmin
Read Full Article

Injuries fail to slow down streaking Galaxy

Injuries have decimated the Galaxy this season, testing the depth of a roster that was woefully thin to begin with. The latest to go down is central midfielder Baggio Husidic, who fractured his le
Read Full Article

The store where the pink ‘pussyhat’ began is being pushed out of Atwater Village by rising rents

Every now and then, people drop by the Little Knittery in Atwater Village to catch a glimpse of where it all began. It was here that two young women partnered with shop owner Kat Coyle in November
Read Full Article

MLB: Josh Donaldson, Troy Tulowitzki return to Blue Jays' lineup

Toronto Blue Jays infielders Josh Donaldson and Troy Tulowitzki have been activated off the disabled list and are back in the starting lineup. The Toronto stars were set to play Friday night again
Read Full Article

9 Southern California residents accused in a large-scale international sex trafficking ring

Federal authorities have accused nine Southern California residents of participating in a large-scale, international sex trafficking ring that abused and enslaved hundreds of Thai women who had be
Read Full Article

California woman sues Jelly Belly Candy claiming beans were full of sugar

A San Bernardino County woman has filed suit against the Jelly Belly Candy Co. claiming that she was duped into buying and eating sugar-filled jelly beans.
Read Full Article