36 Fresh Stories Telling How Is It Going In The Finance World Today?

1. U.S. Stock Market:

“U.S. stocks edged higher on Tuesday, with the Nasdaq briefly touching a record high, on the back of robust earnings, although investors turned skittish as the Federal Reserve’s two-day policy meeting got underway. The Dow Jones Industrial Average DJIA, +0.06%  rose 30 points, or 0.1%, to 20,943. The S&P 500 index SPX, -0.03%  rose 2 points to 2,391. The Nasdaq Composite Index COMP, -0.07%  gained 3 points to 6,095. Earlier, the teach-heavy benchmark set an intraday record of 6,102.72, its second such feat in the past two days.”

(Market Watch)

“U.S. stock index futures pointed to a mixed open on Tuesday as the Federal Reserve’s open market committee meeting kicks off. The Dow Jones and S&P 500 futures pointed lower, while the Nasdaq was called higher, after closing Monday’s session at an all-time high.”

(CNBC)

“Wall Street opened higher on Tuesday, with the Nasdaq Composite hitting a record, boosted by strong corporate earnings, and ahead of the Federal Reserve’s meeting and Apple’s results. The Dow Jones Industrial Average rose 40.56 points, or 0.19 percent, to 20,954.02. The S&P 500 gained 4.11 points, or 0.17 percent, to 2,392.44. The Nasdaq Composite added 8.93 points, or 0.15 percent, to 6,100.53.”

(Reuters)

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2. U.S. Bond Market:

“U.S. government debt prices were lower on Tuesday as investors looked towards the start of Federal Reserve’s two-day policy meeting. The Fed is expected to release its decision on interest rates at 2 p.m. EDT on Wednesday, although markets expect the central bank to keep rates on hold this week, according to Reuters polls. The yield on benchmark 10-year Treasury notes was higher at around 2.334 percent, while the yield on the 30-year Treasury bond was also higher at 3.014 percent. Debt yields move inversely to prices.”

(CNBC)

“U.S. Treasury yields rose on Tuesday as investors waited on the conclusion of the Federal Reserve’s two-day meeting on Wednesday for any clues on when the U.S. central bank is next likely to raise interest rates. The Fed is expected to keep interest rates steady after hiking them in March, but investors were waiting to see if the central bank may indicate that a new increase is likely at its June meeting. Benchmark 10-year notes were last down 3/32 in price to yield 2.34 percent, up from 2.33 percent late on Monday.”

(Reuters)

“The latest uptick in US yields, with the 10-year yield trying to re-establish a foothold above 2.30%, may have been spurred by the strong reiteration by the US Treasury Secretary that extra-long maturity is being analyzed.”

(Seeking Alpha)

3. FX Markets:

“The dollar hit a six-week high against the yen on Tuesday, lifted by a surge in U.S. government bond yields after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance. With European markets returning after May Day holidays, the greenback gained around a third of a percent to trade as high as 112.31 yen, its strongest since mid-March. The dollar is down almost 4 percent against the euro in the first four months of 2017 and was less than half a cent off last week’s 5-1/2 month low of $1.0951 on Tuesday. Sterling, one of the past month’s strongest performers in currency markets globally, gained 0.2 percent to $1.2912 after a survey of purchasing managers pointed to a stronger manufacturing sector thanks to the weaker pound.”

(Reuters)

“On the currency front, the U.S. dollar is trading at 112.26 yen compared to the 111.84 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.0914 compared to yesterday’s $1.0899.”

(RTT News)

“As NA traders enter for the day, the GBP is the strongest while the JPY is the weakest. The GBPUSD traded below the 1.2900 level late yesterday and after a brief rally in the Asian session, sold to lowest level since April 27th, before moving back higher in the London/European session. We are trading back above the 1.2900 level currently. The pounds strength is also helped by the GBPJPY gains. That pair is up 0.57% – the biggest change of the major pairs and crosses. The driver has mainly been the move higher in the USDJPY. That pair has been supported by higher yields and stocks. The USDJPY is above 112.00 for the first time since March 31. The pair also moved away from the 50% retracement at 111.81 which stalled the gains yesterday (closing around that level).”

(Forex Live)

4. Commodities:

“In commodities trading, crude oil futures are rising $0.22 to $49.06 a barrel after falling $0.49 to $48.84 a barrel on Monday. Meanwhile, after slumping $12.80 to $1,255.50 an ounce in the previous session, gold futures are slipping $2 to $1,253.50 an ounce.”

(RTT News)

“Gold prices are slightly weaker and dropped to a three-week low in early U.S. trading Tuesday. There have been no major, market-sensitive news developments in recent sessions, which has allowed the safe-haven metal to continue to drift lower. June Comex gold was last down $0.90 an ounce at $1,254.60. July Comex silver was last up $0.09 at $16.87 an ounce.”

(Kitco News)

5. Market Movers:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) AMD 16.78% shares are trading lower by $2.41 (17 percent) at $11.21 in Tuesday’s session. Despite inline Q1 EPS, the stock is being throttled for its slight revenue miss of $4 million. At this time, the Street may be lamenting that an 18 percent revenue growth didn’t instigate a substantial sales beat. After a much lower open, AMD could only manage a $0.03 pop to $11.76 before continuing its move lower. So far, the ensuing decline taken the issue under $11.00 for the first time since February 1, when it bottomed at $10.81.”

(Benzinga)

Shares of Tenet Healthcare Corp. (NYSE:THC) are currently poised at 4.97% from the open today and are trading at $18.37. More than 3,547,518 shares have exchanged hands compared to an average trading volume of 3.52M. At the current pps, the market cap stands at $1.52B. The stock prices of Tenet Healthcare Corp. (NYSE:THC) are currently trading at -44.98% below its 52 week high and 30.66% above its 52 week low. Tenet Healthcare Corp. (NYSE:THC) has been in the news for all the right reasons. Recently, Tenet Healthcare Corp. (NYSE:THC) announced an agreement to purchase three hospitals in Houston from Tenet Healthcare.

(Financial Trends)

Coach Inc (NYSE:COH) reported a higher-than-expected quarterly profit, as the handbag maker cut back on discounting in the United States and sold more expensive bags, sending its shares up as much as 10.6 percent. The New York City-based company also reaffirmed its full-year profit and revenue forecast. After years of lackluster sales, Coach, like other affordable luxury brands including Michael Kors Holdings Inc , is trying to turnaround its business. The company is limiting promotions and pulling its handbags off department store shelves in a bid to regain its premium-brand cachet. Coach shares posted their biggest intraday percentage gain in more than a year, rising to $43.05 in late morning trading.

(Reuters)

Shares of Community Health Systems, Inc. (NYSE:CYH) are scrambling higher in today’s trading session. At the time of writing, the stock had reached $10.24. This represents a change from the opening price of 13.15%. The year-to-date performance of the stock is 54.20%. The monthly stock performance comes in at -3.36%. For the quarter, shares are performing at 39.03%. Weekly performance analysis shows the equity at 2.01%.Covering Sell-Side analysts have offered recommendations and price target estimates on Community Health Systems, Inc. (NYSE:CYH). According to First Call, the current consensus target price on shares is sitting at $8.88. Analysts have also given a consensus recommendation on the stock of 3.10. This number lands on a scale from 1 to 5. A rating of 4 or 5 would indicate a Sell. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock.

(Aiken Advocate)

It’s a very rewarding trading day for investors in Angie’s List Inc (NASDAQ:ANGI) with shares up nearly 55%, making the stock Wall Street’s bull of the day. The reason? The consumer reviews company announced a definitive agreement to merge with IAC’s HomeAdvisor division at $8.50 a share in cash and stock. Going forward, IAC will own 87%-90% of ANGI’s stock, with the remaining being publicly traded. HomeAdvisor CEO Chris Terrill will run the consolidated entity, with two of ANGI’s board members joining the new board.

(Smarter Analyst)

What happened: Shares of Pitney-Bowes Inc. (NYSE:PBI) were surging today after the office solutions specialist posted a strong first-quarter earnings report. As of 1:21 p.m. EDT, the stock was up 15.7%. So what: The mailing company’s results were impressive on all counts. Revenue declined 0.9%, or increased 0.2% in constant currency, to $837 million, easily beating expectations of $817 million, while, adjusted earnings per share increased from $0.34 to $0.36, topping estimates by a penny.

(The Motley Fool)

On Tuesday, shares of auto giant Ford Motor Company (NYSE:F) hit a new 52-week low after the company’s April sales fell a bit short of estimates. Vehicle sales in the US may have peaked for now, and with high inventory levels across the board, production cuts continue to be debated. For investors, the only good news is that the share price decline means income generation is quite high.

(Seeking Alpha)

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been on a tear recently. The broadcasting company known for Sirius XM Radio has seen its stock price vault higher over the past year. Since bottoming at $3.29 last February, SIRI stock rallied as high as $5.53, or 68%, before paring back gains last month. Selling intensified following last week’s earnings announcement. The April 27 release disappointed investors and quickly sent the stock below key short-term support levels. The downturn has been sufficient in turning the 20-day moving average lower, and the 50-day is following in its wake.

(Investor Place)

What happened: Shares of lift-truck maker Hyster-Yale Materials Handling Inc (NYSE:HY) jumped as much as 19.8% in trading Tuesday after the company reported first-quarter 2017 earnings. At 12:20 p.m. EDT, shares were still up an impressive 14.8% on the day.  So what: Revenue was up 18% to $713.1 million in the quarter and net income jumped 81% to $18.1 million, or $1.10 per share. Lift-truck improvement helped drive results, with unit shipments jumping to 23,300 from 20,500 a year ago.

(Madison.com)

Shares of Celadon Group, Inc. (NYSE:CGI) have seen the needle move -65.50% or $-2.62 in the most recent session. The NYSE listed company saw a recent bid of 1.38 on 11343692 volume. Now let’s take a look at how the fundamentals are stacking up for Celadon Group Inc (CGI). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Celadon Group Inc currently has a yearly EPS of 0.09. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.

(Tucker Man Times)

The stock of Medpace Holdings Inc (NASDAQ:MEDP) reached all time low today, May, 2 and still has $22.22 target or 3.00% below today’s $22.91 share price. This indicates more downside for the $953.04M company. This technical setup was reported by Barchart.com. If the $22.22 PT is reached, the company will be worth $28.59 million less. About 1.73M shares traded or 895.99% up from the average. Medpace Holdings Inc (NASDAQ:MEDP) has risen 9.61% since September 23, 2016 and is uptrending. It has underperformed by 0.72% the S&P500.

(Herald KS)

Shares of Chegg Inc (NYSE:CHGG) is moving on volatility today 25.87% or $2.37 rom the open. The NYSE listed company saw a recent bid of 11.53 on 7235164 volume. Now let’s take a look at how the fundamentals are stacking up for Chegg Inc (CHGG). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Chegg Inc currently has a yearly EPS of -0.47. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.

(Twin City Telegraph)

IAC/InterActiveCorp (NASDAQ:IAC) is currently trading with the volume of 4.35 Million. The Stock opened today’s session at $95 and currently the price is hovering at $96.52 by showing increase of 14.65 percent. IAC/InterActiveCorp has 1 year price target of $85.5. The stock gained a consensus recommendation of 1.29 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell.  The company reported its last quarter on 12/30/2016.

(Top Chronicle)

Shares of Lumber Liquidators Holdings Inc (NYSE:LL) is moving on volatility today -16.63% or $-4.06 rom the open. The NYSE listed company saw a recent bid of 20.36 on 4483499 volume. Now let’s take a look at how the fundamentals are stacking up for Lumber Liquidators Holdings Inc (LL). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Lumber Liquidators Holdings Inc currently has a yearly EPS of -2.51. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis. Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Lumber Liquidators Holdings Inc (LL) currently has Return on Equity of -26.97.

(Tucker Man Times)

The stock of Heska Corp (NASDAQ:HSKA) is a huge mover today! About 488,799 shares traded or 275.04% up from the average. Heska Corp (NASDAQ:HSKA) has risen 102.42% since September 23, 2016 and is uptrending. It has outperformed by 92.09% the S&P500.The move comes after 6 months negative chart setup for the $665.49M company. It was reported on May, 2 by Barchart.com. We have $86.81 PT which if reached, will make NASDAQ:HSKA worth $39.93 million less. Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.52, from 1.36 in 2016Q3. It worsened, as 7 investors sold Heska Corp shares while 49 reduced holdings.

(High Point Observer)

Array BioPharma Inc. (NASDAQ:ARRY) shares are struggling to make any headway in today’s session. In early trading, the stock has dipped -12.67% on steady volume. The action so far has landed shares on the top loser list for the morning session.Array BioPharma Inc. (NASDAQ:ARRY) is seeing declines so far in today’s trading session.  Shares are moving -12.67% lower on solid volume. The stock has landed on the top loser list for the day according to Finviz data.  Array BioPharma Inc.(NASDAQ:ARRY)‘s stock has performed at -0.34% year to date.  Breaking that down further, it has performed 4.91% for the week, -3.52% for the month, -17.44% over the last quarter, 47.23% for the past half-year and 174.61% for this last year.

(Aiken Advocate)

6. Interesting Reads

“Summer is nearing, and workplaces everywhere are awaiting the arrival of this year’s interns to help out on extra projects and shoulder the seasonal load. But among certain companies, they’re likely doing more than getting coffee and making copies. Or at least, they’re being paid that way. According to a new report by the jobs site Glassdoor, the 25 best-paying companies for internships each pay their median summer worker more than $4,500 a month. That amount, if it was paid over the course of a full year, would be north of $54,000, exceeding the median annual pay for a U.S. worker, according to Glassdoor’s own local pay reports ($51,350), and the annual figure calculated from the Bureau of Labor Statistics’ latest weekly earnings data for full-time wage and salary workers ($44,460).”

(The Washington Post)

“T-Mobile wants to take the lead in 5G — even if it’s not the kind of 5G you’re expecting to get. The nation’s third-largest carrier on Tuesday unveiled plans to build out its next-generation wireless network using the radio airwaves it just purchased in a government auction. The focus for its 5G network isn’t necessarily speed, but instead broader coverage across the country. It’s a surprising move given those airwaves operate on a lower band, which is great for covering long distances but won’t give you tremendous speeds. The move goes against the conventional thinking about 5G, which has spurred excitement because of its ability to give you a seemingly supersonic connection to the network. Instead, T-Mobile is stressing a better signal everywhere and the ability to manage multiple devices beyond the phone.”

(CNET)

“Four years ago Microsoft was scared of Chromebooks. Instead of simplifying Windows and launching similar devices, Microsoft went on the offensive, dismissing them with its aggressive anti-Google Scroogled campaign. That tactic didn’t really work, and Chromebooks have thrived in the US education market with some 20 million students using Google’s laptops in schools. Now, just as Chromebooks appear to be impacting PC market growth, Microsoft is hosting an event in New York City to try and counter Google’s laptops.”

(The Verge)

“LG gave its flagship phone a major makeover this year with a new all-glass design and a nearly bezelless display. But beauty comes at a price. The G6 has more surface real-estate than its aluminum predecessor, which means there’s more to break in a fall. And as it turns out, not all surfaces are made equal on the G6. The curved glass panel on the back is made from the strongest Gorilla Glass 5, but the screen’s glass uses Gorilla Glass 3. We put the LG G6 through a series of drop tests (similar to the ones we did on the Galaxy S8) to see how this 4-year-old glass would hold up.”

(CNET)

“Score yet another point for low-dose aspirin: Regularly taking “baby” aspirin appears to protect women from the most common type of breast cancer, new research suggests. Use of low-dose aspirin at least three times a week was linked to a 20 percent risk reduction for cancers known as hormone-receptor positive, HER2 negative — the most common breast cancer subtype, said study senior author Leslie Bernstein.”

(UPI.com)

“Years ago, it was rumored that Apple was working on an own-brand wireless speaker that would compete with the likes of Sonos. This emerging breed of high-quality wireless speaker was growing in popularity in households across the United States and the rest of the world, and industry watchers saw it as a good opportunity to open up a new revenue stream (small though it may be, in comparison to the iPhone). Apple’s wireless speaker never materialized, but the company ended up acquiring Beats in 2014, so it now has several Bluetooth speakers in its arsenal. Fast-forward to 2017, and there are now new rumors that Apple is once again working on its own wireless speaker. This time around, however, Apple is said to be hopping on a different trend. Rather than setting its sights on Sonos, Apple is reportedly prepping an Amazon Echo rival that will give users access to Siri in addition to letting them stream music to a high-quality speaker. But considering the rest of Apple’s product line, does the company really need a smart speaker?”

(BGR.com)

“Your phone could be the coolest gadget around if you download one of these futuristic apps for iPhone and Android. The best part about smartphones is the apps. To be fair, it’s kind of the whole point in order to actually enjoy the device, otherwise, you just have a shiny brick. Apps come and go like seasons except for the basics, like Facebook, Twitter, Weather, and all of the others that you’d probably go into shock if you tried to ever delete them. We all remember the Temple Run craze and the obsession with Neko Atsume. Even a lot of photo apps have come and gone as we’ve gotten better about editing quality pictures for Instagram. Gone are the days of the hipster sepia tone; we’re now into high-quality shots with our iPhone 7s with higher saturation.”

(Insider Monkey)

“We should all definitely know what are the biggest causes of suicide in America. According to the suicide statistics, taken from the American Foundation for Suicide Prevention, suicide is actually on the 10^th place regarding the leading cause of death in the US. This foundation also provides the number of people who commit suicide annually, and the age-adjusted suicide rate is 13, 26 per 100,000 individuals. This would make 121 suicides per day, which is a horrible statistics. They also provided the data about the fact that men commit suicide 3, 5 times more than women, and that they are usually middle-aged white men, that is, 7 of 10 of them.”

(Insider Monkey)

“Naturally, the most multicultural countries in the world are those countries with the highest percentage of foreign-born population. The latest refugee crisis caused by the Syrian Civil War has seen more than 4.8 million people fled their country, seeking shelter from the war. The refugees have overwhelmed Turkey and Europe, causing one of the greatest humanitarian crisis in the last few decades. At the same time, a large number of Afghani and Iraqi migrants are also on the move, trying to secure asylums in EU countries. The public reaction so far has been mostly negative, citing various concerns ranging from terrorist infiltrating countries masked as refugees to the ability of host countries to accommodate such large numbers of emigrants.”

(Insider Monkey)