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  • Jennifer J 11:17 on August 24, 2015 Permalink | Reply
    Tags: , , , investing, ,   

    TradingScreen's Morning Roundup 

    Key Regulatory Developments

    Litigation:

    Technology:

    Thought Leadership:

     
  • Jennifer J 11:30 on August 21, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 08/21/2015 

    “Fab Five” isn’t So Fab Anymore

    Facebook? Down.

    Amazon? Down.

    Google? Down.

    Apple? Down.

    Did that sting a little bit? It should have, as the “Fab Five” had its worst decline on Thursday since 2013. The renowned group has kept plenty of traders smiling from ear-to-ear in 2015, but yesterday it was clear how much control of the market they have. A whopping total of $49 billion in market value was obliterated, as the cliché of “what goes up, must come down” sadly came true.

    “Those five companies are the reason the market had been going up through the end of July — it makes sense that they would also lead the shift on the downside,” said Bill Mann, who helps oversee $1.5 billion at Motley Fool Asset Management LLC in Alexandria, Virginia.

    Read the entire article at Bloomberg
    More coverage: Business Net

    Mickey Mouse and Friends Decline Four Percent

    (CNBC) – In a strange twist of fate, the “Happiest Place On Earth” declined by four percent on Thursday. As shares of Walt Disney (NYSE:DIS) declined this week, media shares followed suite, leading to some very interesting observations and possibly signs of where the market is headed.

    CNBC’s Jim Cramer took to his soapbox to discuss Disney’s recent downgrade from “outperform” to “market perform,” issued by Wall Street research firm Bernstein. Although most would still rate the theme park giant as a Buy, cable television in general is taking a big hit this year as more people cut the cord on bundle packages and cable all together.

    Read the entire article at CNBC
    More coverage: CNN Money and Investor Place

    Is BB&T A Deal-Making Machine? You Decide.

    (USA Today) – Recently, BB&T Corporation (NYSE:BBT) released word that it is planning on acquiring National Bankshares (NASDAQ:NPBC) in a $1.8 billion cash-and-stock banking industry deal. While that deal is impressive in and of itself, it is only one of four deals that BB&T has made throughout the past year.

    Kelly S. King, chairman and CEO of BB&T stated, “The acquisition of National Penn provides a tremendous opportunity to strengthen our franchise in Pennsylvania and continue building the scale necessary to operate efficiently and with high-quality service,” he said. “As the fourth largest bank in the state, we will have a significant presence in these markets.”

    Four must be its magic number, because this deal moves BB&T up to fourth place by market share in Pennsylvania.

    Press release issued by BB&T

    Read the entire article at USA Today
    More coverage: Franchise Herald and Financial Buzz

     
  • Jennifer J 11:43 on August 17, 2015 Permalink | Reply
    Tags: , , investing, ,   

    TradingScreen's Morning Roundup 

    Key Regulatory Developments:

  • European stocks bounce back
  • Merger may raise healthcare costs
  • Litigation:

    Technology:

    Thought Leadership:

     
  • Jennifer J 14:17 on August 14, 2015 Permalink | Reply
    Tags: , , , , investing,   

    Hedge Fund News Wrap: Week Ending 08/14/15 

    The Yuan is Making Moves

    (Business Insider) – After falling to a four-year low on Wednesday, China’s currency is rallying as the week rounds out. The 4.4 percent depreciation in the yuan was an attempt to boost the domestic economy, but unforeseen negative consequences ensured for the Chinese corporate sector. According to Business Insider, the People’s Bank of China changed its formula for calculating the reference rate of the yuan in order to incorporate market forces.
    There are opposing opinions as to if tolerating several marketing forces to determine the value of the yuan is the best decision, or if China has a selfish reason for doing so. Whether that is to make Chinese exports weaker on our wallets or not is up for debate. Either way, it lost 3.5 against the U.S. dollar this week alone, leading to the largest one-day fall since 1994.

    Read the entire article at Business Insider
    More coverage: CNBC and Reuters (More …)

     
  • Mike T 13:36 on July 24, 2015 Permalink | Reply
    Tags: , , , , investing,   

    Hedge Fund News Wrap: Week Ending 07/24/15 

    Bullion Dealers Trade Blame in Hunt for “Bear Raid” Leader

    (Reuters) – As the global bullion market continues to reel from a dramatic plunge in gold prices on Monday, traders from Hong Kong to New York are pointing the finger at others for being behind the move while struggling to unmask the mystery sellers.

    In early Asian trading hours on Monday, investors dumped more than $500 million worth of bullion in New York in four seconds with selling occurring almost simultaneously on Chinese markets.

    The sheer scale of order flow across both the Shanghai Gold Exchange and the Shanghai Futures Exchange – where combined volume for the day surpassed the notional equivalent of 250 tonnes – led many market trackers to speculate that fleet-footed Chinese hedge funds were behind the move.

    Read the entire article at Reuters
    More coverage: The Financial Times and USA Today (More …)

     
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