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Punjab is seeing a revenue shortfall of 10-15% over budget estimates, says Finance Minister Manpreet Singh Badal. Read: http://bit.ly/2R0IA83



Here’s what Aditya Birla Sun Life AMC believes could be the key hurdles for India’s economic growth in 2020.



Only about a third of India’s top 55 portfolio managers beat or met returns by benchmark indices in 2019 as broader markets tumbled in a year of uncertainty.



Sign Up For MPI: https://www.suncorfinancial.com/mpi-p… Subscribe: https://bit.ly/2YDyQ4m Website: https://www.SunCorFinancial.com Efficiency Of Money: If …



GOP chairwoman Ronna McDaniel discusses Judge Judy endorsing Michael Bloomberg for 2020 and comments on Trump’s Iranian airstrike decision.



Jan.06 — Carlos Ghosn, the ousted leader of Nissan Motor Co. and Renault SA, facing trial in Japan for financial crimes, fled to Lebanon at the end of December …



May 29, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

CLICK HERE➡ ➡ http://FinancialBuzz.com

Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015

On Monday, markets were closed for the Memorial Day holiday.

On Tuesday, durable goods orders for April were down .5%, however, excluding transportation they were up .5%. Both numbers were consistent with expectations. The Case-Shiller home price index for March showed some healthy gains of 1% month-to-month and 5% year-over-year.

New home sales for April were up 6.8% and consumer confidence for May was up to 95.4 compared to 94.3 for the prior month. All of these numbers painted a picture of a strengthening economy, and then markets proceeded to sell off upon fears that the Fed will raise interest rates sooner rather than later. By the end of the day, the major indexes were down over 1%.

However, on Wednesday, Nasdaq rose 1.5% back up to a new record closing high, and the Dow Industrials and S&P 500 also recovered from most of their prior day’s losses.
On Thursday, jobless claims for the week ending May 23rd were up 7,000 to 282,000, and pending home sales for April jumped 3.4%, up for the fourth straight month and exceeding analysts’ expectations. At the end of the day, markets were down slightly.

On Friday, the first revision of the first quarter’s GDP was released and it came in at -.7%, down from the original reading of .2%. Stock opened lower on the news.

Now let’s take a look at some stocks.

Charter Communications, Inc. announced Tuesday that they will acquire Time Warner Cable for $55 billion. The proposed acquisition comes after Comcast’s bid of $45 billion which couldn’t get regulatory approval. If Charter’s proposal finalizes, the newly combined company will be country’s second largest cable operator.

GoPro, Inc. shares gained as much as 7% Thursday after the company revealed they will be entering the virtual reality market as well as the recreational drone market. At the moment, GoPro is developing a 360-degree virtual reality camera that is expected to hit markets in July while their first-generation drone will be available by the first half of 2016.

Express Inc. shares shot up and reached a new 52-week high Thursday after the apparel company reported better-than-expected first quarter results. Express posted earnings of $0.22 per share on revenue of $502 million, while analysts had expected earnings of only $0.14 per share on revenue of $488 million.

Avago Technologies Limited has agreed to acquire Broadcom Corp. for $37 billion, in what could be the largest deal ever in the semiconductor industry. If the merger were to pass all necessary hurdles, Avago will become the third largest semiconductor manufacturer; giving the company enough power to compete with larger competitors like Intel and Qualcomm.

Abercrombie & Fitch Co. shares were up as much as 12% Thursday after their first quarter earnings showed signs of recovery as sales improved. Abercrombie is currently revamping their business model as it attempts to transition their apparel lines to cater to the new tastes of their demographic.

May 29, 2015 Weekly Stock Market Wrap-up:

GoPro Inc(NASDAQ:GPRO)

Charter Communications, Inc.(NASDAQ:CHTR)

Express, Inc.(NYSE:EXPR)

Avago Technologies Ltd(NASDAQ:AVGO)

Abercrombie & Fitch Co.(NYSE:ANF)

Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
http://www.financialbuzz.com

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© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law

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April 10, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

CLICK HERE➡ ➡ http://FinancialBuzz.com

Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015

On Monday, stocks rallied on reduced fears of rate hikes from the Fed after last week’s extremely disappointing jobs report. William Dudley, President of the New York Fed, expressed his concerns stating it will be important to monitor developments to determine if the labor market is slowing or if this is temporary. Any interest rate increases are likely to be slow.

The Institute for Supply Management said its services index fell to 56.5 in March down slightly from February, and in line with economists’ expectations.

On Tuesday, markets declined slightly but didn’t do much as traders awaited for Wednesday’s Fed minutes to be released.

On Wednesday, the minutes came out and showed a split by policy makers over when to raise rates, but still very dovish overall. The Dow rose slightly on the news, however, the Nasdaq Composite showed strong gains due to a biotech rally.

On Thursday, Jobless claims for the week ending April 4 were released, increasing 14,000 to 281,000 and energy had a solid rally as crude oil increased slightly.

On Friday, import prices for March were down .3% month to month and 10.5% year over year. At the open, stock rallied modestly on recent strength of the dollar.

Now let’s take a look at some stocks:

Tesla Motors Inc. (NASDAQ: TSLA) shares surged this week following a report showing that the electric vehicle manufacturer reported a record number of car deliveries during its first quarter, delivering 10,030 vehicles, beating forecasts by 530. Tesla also announced that they will be upgrading their Model S sedan by putting in a better battery, and all-wheel drive system.

UniQure N.V. (NASDAQ: QURE) shares increased by more than 55% Monday after Bristol-Myers Squibb agreed to collaborate with the Dutch biotech company, and will be buying a 4.9% stake for approximately $32 million.

Herbalife Ltd. (NYSE: HLF) shares lagged Monday following reports on Sunday that federal law enforcement agencies contacted the top 10 Herbalife sellers for information regarding their business practices. Names and the investigating agencies remain undisclosed.

FedEx Corporation (NYSE: FDX) shares shot up Tuesday after the company announced that they will be acquiring Dutch delivery firm TNT Express for $4.8 billion in order to expand their operations further into Europe. FedEx made an all-cash offer of 8 euros per share to TNT Express, a 33% premium relative to April 2nd’s closing price.

Royal Dutch Shell plc (NYSE: RDS) shares slumped on Wednesday after the petroleum giant announced that they will acquire oil and gas exploration firm BG Group in a deal worth approximately $70 billion. The acquisition will form the world’s largest independent producer of liquefied natural gas and will increase the company’s oil and gas reserves by 25%.

April 10, 2015 Weekly Stock Market Wrap-up:

Tesla Motors Inc. (NASDAQ: TSLA)

UniQure N.V. (NASDAQ: QURE)

Herbalife Ltd. (NYSE: HLF)

FedEx Corporation (NYSE: FDX)

Royal Dutch Shell plc (NYSE: RDS)

Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
http://www.financialbuzz.com

financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news,

© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law

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Finance Minister Nirmala Sitharaman is speaking in the Rajya Sabha on the state of the Indian economy. #BQLive
Read: http://bit.ly/2XPx7dk

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http://stockwatchweekly.com – Market news at your fingertips

Wall Street got off to a good start this week even as some economic indicators turned sour. Personal income and personal spending both failed to meet expectations and consumer spending even shrunk. Construction spending also contracted.

Investors may have taken this as good news, however, because markets actually rose after the data was released. A slowing economy may force the Federal Reserve to back off plans to raise interest rates in the near future.

Either way, we’ve found some excellent hot stock picks that should prove to be a good bet even if the economy does slow down.

We hope you listened to our hot stock picks last week. One of our hot stock picks, Dataram, jumped nearly thirty percent on Monday. We believe that more investors are catching wind of Dataram and that the stock could post more big gains in the future.

You should consider locking Dataram up before prices surge again.

With markets near historical highs investors would be wise to look for value stocks. One stock that appears to be undervalued is US Steel. The famed US steel maker looks undervalued, especially in regards to its forward P/E/ ratio. If you’re looking for a traditional industrial company to add to your portfolio, US Steel is worth a close look.

Another great value pick is LiveDeal, a rapidly expanding online deal platform. We believe that this hot deal app is quite the deal itself. Despite surging quarterly revenue growth, LiveDeal shares are selling for only about $3 dollars. LiveDeal has been reporting excellent numbers and we believe the company is set to record strong growth in the near future.

With markets near all time highs investors are going to have to look harder to find hot deals and value picks. We believe all three of the above mentioned stocks are worthy additions to any portfolio.

With personal spending down and economic growth slowing, we’re shifting away from our past focus on retail stocks and many industrial stocks. We believe that value stocks are going to offer some of the best chances for growth and recommend investors hunt for undervalued stocks and up-and-coming companies.

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