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Financial News from Barrons.com

  • Emerging Markets Week in Review @ Barrons.com - 34 minutes ago

    The iShares MSCI Emerging Market ETF (EEM) fell Friday, capping a week that showed divergent country performance. BCA Research said emerging markets could be due for a correction. Earlier in the week, ...

  • Following better-than-expected fiscal Q3 results from communications chip maker Avago Technologies (AVGO) yesterday afternoon, and a better-than-expected view for this quarter, Raymond James's Tavis McCourt, who follows Apple (AAPL), argues the report shows Apple's production of the iPhone is going much higher this year …

  • [$$] Four Schlumberger Insiders Sell Near Record @ Barrons.com - 44 minutes ago

    Four Schlumberger insiders got pumped and sold 116,494 shares for $12,824,472, an average of $110.09 each, from July 25 to Aug. 28. Chief Financial Officer Simon Ayat sold 54,566 shares of the oilfield-services ...

  • RBC Capital Markets Internet analyst Mark Mahaney this afternoon reiterates an Outperform rating on shares of Facebook (FB), and a $92 price target, writing that estimates are way too low given how Google (GOOGL) performed at a similar time in the its evolution. Facebook is his number one pick among large-cap Internet …

  • There's Pierce Brosnan's The November Man, a spy thriller in the mold of his old James Bond flicks, but it's gotten terrible reviews, so we'll skip that. Susan Surandon stars in The Calling as a detective hunting for a serial killer, and while it's gotten better reviews than The November Man, serial-killer flicks have …

  • Brazil Slips Into Recession: -0.6% 2Q GDP @ Barrons.com - 1 hour 29 minutes ago

    The Brazil economy fell into a technical recession during the first half of the year, but Barclays thinks real GDP growth will be positive, barely, for the year. The market was up and investors seemed unphased: The iShares MSCI Brazil Capped ETF (EWZ) rose 1.78% Friday and the iShares MSCI Brazil Small-Cap ETF (EWZS) was …

  • Chart of the Day: Brazil Financials, Real Estate Win @ Barrons.com - 1 hour 54 minutes ago

    The smart money was on Brazil's financial, real estate and energy companies this year. The iShares MSCI Brazil Capped ETF (EWZ) rose 1.78% Friday, and was up 2.2% for the week through Thursday. The fund ...

  • Turkey Econ Team Untouched, Reform Unlikely? @ Barrons.com - 2 hours 42 minutes ago

    Turkey's incoming prime minster left the economic management of the country untouched on Friday. The result: meaningful economic reforms look unlikely in the next year. The iShares MSCI Turkey ETF (TUR) is down a point today. The end game is gaining a parliamentary majority next year and making more constitutional c …

  • [$$] Eight Picks to Play Housing Upside @ Barrons.com - 3 hours ago

    Excluding the Case-Shiller and Federal Housing Finance Agency (FHFA) housing price reports, we believe there are five monthly housing sales reports investors monitor: home-builder confidence, housing starts, existing-home sales, new-home sales, and pending home sales. Four of these five reports came in above consensus estimates …

  • Here are some things going on today in your world of tech: Shares of NXP Semiconductors (NXPI) are higher by $2.22, or 3.3%, at $69.18, after The Financial Times's Tim Bradshaw, Sarah Mishkin and Daniel Thomas wrote this morning that the company's chips for "near-field communications," or NFC, will be included in a forthcoming …

  • Gold Prices Retreat Amid Waning Demand @ Barrons.com - 3 hours ago

    Gold prices dipped Friday, retreating from the highs posted yesterday as appetite for the haven waned and investors opted to lock in profits. The most actively traded contract, for December delivery, was recently down $3, or 0.3%, at $1,287.50 a troy ounce on the Comex division of the New York Mercantile Exchange. It's …

  • United Therapeutics (UTHR) has zoomed to a 52-week high after a patent court gave it a partial victory in a lawsuit involving one of its drugs. ISI Group's Mark Schoenebaum explains: The court ruling for the United Therapeutics / Sandoz case was just posted. The judge ruled in favor of United Therapeutics on the 2017 …

  • PVH: Expect Volatility @ Barrons.com - 4 hours ago

    One way or another, PVH (PVH), the owner of Calvin Klein and other fashion brands, is going to move a lot when it releases its financial results on Sept. 3. Morgan Stanley's Jay Sole and Joseph Wyatt explain: ...

  • [$$] Time to Dump Casella Waste? @ Barrons.com - 5 hours ago

    Casella Waste Systems (CWST:Nasdaq) By Wedbush ($4.50, Aug. 29, 2014) We are downgrading shares of Casella Waste Systems to Neutral from Outperform. While Casella (CWST) management may have valid reasons for why the business continues to struggle, they are not delivering results that are consistent with their expectations …

  • Yesterday afternoon, Pennsylvania announced that it would use federal dollars to pay private insurers to cover eligible Pennsylvanians. UBS analysts A.J. Rice and Jailendra Singh think Community Health ...

  • Shares of smartphone camera sensor maker OmniVision Technologies (OVTI) are down 12 cents, or 0.4%, at $27.06, despite last night beating fiscal Q2 expectations and also forecasting this quarter's results higher. There is one ratings change today, from Raymond James, an upgrade, but otherwise, price targets appear to be …

  • Wolfe Research's Hunter Keay and Jared Shojaian aren't worried about increasing capacity--despite the fact that controlling its growth is probably the most important factor in the continuing airline bull ...

  • Shares of communications chip maker Avago Technologies (AVGO) are up $6.54, or almost 9%, at $82.90, after the company yesterday afternoon beat fiscal Q3 expectations, and offered a better-than-expected view for this quarter. While Avago is in the process of integrating the businesses picked up with the acquisition of …

  • Russian Market Sinks Again. Mayday, NATO? @ Barrons.com - 6 hours ago

    With dim hopes for diplomacy between Russia and Ukraine, the reality is sinking in: in a non-traditional military conflict, where are the boundaries and what is the defense? Markets are voting, sending ...

  • Another day, another bad data point for tablet computers: research firm IDC this morning declared it has cut its growth rate for the category almost in half, to 6.5% from 12.1%, or 233.1 million units, mostly because growth is not holding up in mature markets.

  • [$$] Is Toll Brothers Edging Out Hovnanian? @ Barrons.com - 7 hours ago

    MKM Partners Toll Brothers and Hovnanian Enterprises will report third-quarter earnings on Wednesday and Thursday of next week, respectively. For shares to perform well, we believe it will be key for the companies to report slight improvements in order growth with at least stable-to-improving gross margins. Following …

  • Shares of big data and data analytics software vendor Splunk (SPLK) are up $6.97, or 15.4%, at $52.26, after the company yesterday afternoon reported fiscal Q2 revenue that beat analysts' estimates, and delivered a surprise profit per share where the Street expected a loss, and also forecast this quarter and the full year's …

  • A Good Day For Peru Gold Miner Buenaventura @ Barrons.com - 7 hours ago

    Peruvian gold miner Buenaventura closed up nearly 5% Thursday, sailing ahead of other global gold companies. The Market Vectors Gold Miners exchange-traded fund (GDX) rose 1% Thursday. It's up 0.5% today, ...

  • Bonds look like they're taking Friday off ahead of the holiday weekend, as yields appear bolted in place despite the latest bit of strong economic data. The Institute for Supply Management reported that its Chicago Business Barometer surged by 11.7 points in August to 64.3, its highest reading since May. But that report …

  • Tesla Motors Gets a China Charge @ Barrons.com - 7 hours ago

    Shares of Tesla Motors (TSLA) are trading at what would be a new all-time closing high today thanks to two reports out of China. Bloomberg reports that Tesla has teamed up with China Unicom (CHU) to build some 400 charging points in the world's second largest economy: Tesla signed an agreement today with China United …

  • The folks at JPMorgan took a look at the farm-equipment manufacturers today and had some good news for Agco (AGCO), which announced layoffs at one of its plants on Wednesday, but bad news for Deere (DE).

  • India 2Q Economic Growth Jumped 5.7% @ Barrons.com - 8 hours ago

    India's second quarter economic growth represented the biggest gain since early 2012. The Central Statistical Office said Friday that Gross Domestic Product grew at a 5.7 percent clip in the three months ...

  • Gilead Sciences: Sovaldi Still Selling @ Barrons.com - 8 hours ago

    This week's numbers of Gilead Sciences' (GILD) Sovaldi are in--and the Hepatitis C treatment is still selling. Leerink's Howard Liang and team explain: For the week of 8.22.14, Sovaldi TRx was 6,804, representing ...

  • The S&P 500 closed below 2,000 yesterday. Can it move back above today? S&P 500 futures have risen 0.2%, while Dow Jones Industrial Average futures have gained 0.1%. Nasdaq Composite futures have advanced ...

  • [$$] Workday May Have Upside to $116 @ Barrons.com - 10 hours ago

    Workday (WDAY:NYSE) By Pacific Crest Securities ($90.30, Aug. 27, 2014) Workday posted much stronger results in the fiscal second quarter than expected, with stronger-than-expected billings and cash flow. Based on Workday's (WDAY) strong billings and bookings growth, we are increasing our fiscal 2015 revenue estimate …

  • For those of you in the US, Happy Labor Day weekend! And in Asia: Merry Ganesh Chaturthi. Ganesh, or the Hindu elephant god, is my favorite. Today is macro heavy and all about industrial productions in ...

  • The slew of macroeconomics data that came out of Japan today put Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda in unenviable spots. In July, Japan's industrial production rose only ...

  • Investors Love China, Shun Japan @ Barrons.com - 15 hours ago

    For the week ending August 27, of the $1.2 billion that went into emerging markets, $0.8 billion, or about two-thirds, went into China. This is the 12th consecutive week of inflows. Bloomberg reported ...

  • GCL-Poly Energy (3800.HK), China's largest maker of polysilicon which are used to make solar cells, returned to profit in the first half this year. GCL reported that first-half profit was 900 million Hong Kong dollars, significantly higher than the HK$800 million+ the company had expected when it issued a profit alert …

  • DRAM chip maker SK Hynix's (000660KS) shares should be bought on recent weakness, urges Credit Suisse's Keon Han, as fears of Samsung Electronics (005930KS) stealing away Hynix's Apple (AAPL) business are overblown. Han, who has an Outperform rating on Hynix stock, and a target price of 64,000 in New Taiwan Dollars, notes …

  • Barron's has been worried about China's property market for a while. Last June, we did a cover story on China's ghost towns. This May, I argued in the Emerging Markets column why it is China's number one risk. As Chinese property developers' earnings season drew to an end, Deutsche Bank looked at their balance sheets …

  • Why Hotel Shilla Slumped This Week @ Barrons.com - 21 hours ago

    Korean duty-free store operator Hotel Shilla (008770.KS) is an Asian fund manager's favorite. It is essentially a China consumer play with all the Chinese tourists, inspired by Korean soap opera My Love from the Star, crowding into Korea to buy cosmetics and Korean fashion. Before this week's slump, Hotel Shilla has doubled …

  • Korea: Korea's industrial output grew for a second consecutive month in July, up by 1.1% from June, but the rise itself is not large and manufacturing outlook took a drastic downturn as we head into September. The Bank of Korea's manufacturing business survey index for September dropped to 75, the lowest level in more …

  • At the Close: S&P Slips Below 2000, Running on Fumes? @ Barrons.com - Thu, Aug 28, 2014 5:32 PM EDT

    Blame Ukrainian claims that Russia has invaded, though NATO is calling it an "incursion." Capital Economics' Julian Jessop wonders if it's time to "batten down the hatches." He explains: The crisis in Ukraine returned to bite the markets again on Thursday, as President Poroshenko cancelled a visit to Turkey citing "Russian …

  • [$$] Southern Copper Chairman's $13.5M Buy @ Barrons.com - Thu, Aug 28, 2014 5:28 PM EDT

    Southern Copper Chairman German Larrea Mota-Velasco showed a bit of his mettle when he bought 415,000 shares for $13,449,600, an average of $32.41 each, from July 30 through Aug. 26. Larrea's most-recent ...

  • OmniVision Rising: FYQ1 Beats, Q2 View Beats @ Barrons.com - Thu, Aug 28, 2014 4:24 PM EDT

    Camera sensor maker OmniVision Technologies (OVTI) this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts' expectations, and forecast this quarter's results higher as well. CEO Shaw Hong said the company was "pleased" with the "strong results," which were driven by mobile phone and automotive …

  • Veeva Jumps 12%: FYQ2 Beats; Q3 View Beats; Raises Year View @ Barrons.com - Thu, Aug 28, 2014 4:20 PM EDT

    Life sciences cloud software vendor Veeva Systems (VEEV) this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts' expectations, forecast this quarter's results higher as well, and raised its outlook for year revenue and profit above consensus. The stock is up $1.89, or almost 8%, at $26.85 …

  • Avago Rising: FYQ3 Beats, Q4 Rev View Beats @ Barrons.com - Thu, Aug 28, 2014 4:13 PM EDT

    Wireless chip maker Avago Technologies (AVGO) this afternoon reported fiscal Q3 revenue and earnings per share that topped analysts' expectations, and offered an upbeat revenue forecast for the current ...

  • Emerging Market Evening Reading @ Barrons.com - Thu, Aug 28, 2014 4:10 PM EDT

    BCA Research this week suggests that emerging market equities could be due for a breather. The iShares MSCI Emerging Market ETF (EEM) is up nearly 22% over the past 12 months. It was down nearly one point ...

  • Splunk Jumps 9%: FYQ2 Rev Beats, Surprise Profit; Raises Year View @ Barrons.com - Thu, Aug 28, 2014 4:04 PM EDT

    Big data and data analytics software maker Splunk (SPLK) this afternoon reported fiscal Q2 revenue that topped analysts' expectations, and delivered a surprise profit where analysts had been expecting a net loss, offered a Q3 revenue view that topped expectations, and raised its year revenue outlook above consensus. CEO …

  • Gold Futures Rise to Highest Price in a Week @ Barrons.com - Thu, Aug 28, 2014 3:40 PM EDT

    Tension in the Ukraine helped elevate gold futures today to their highest price in more than a week. Ukraine officials today accused Russia of invading the country, dashing hopes of a diplomatic resolution. ...

  • Four Emerging Market Energy Stocks Beyond Russia @ Barrons.com - Thu, Aug 28, 2014 3:38 PM EDT

    Barclays says Russian oil-and-gas stocks are being hostage to the Ukrainian crisis ... and the sector's development path has been both slowed and complicated. International crude prices have hit fresh ...

  • Still Time to Sell Cliffs Natural Resources? @ Barrons.com - Thu, Aug 28, 2014 3:32 PM EDT

    The price of iron ore looks set to fall and that's bad news for iron miners like Cliffs Natural Resources (CLF), BHP Billiton (BHP) and Rio Tinto (RIO) today. Bloomberg reports that iron ore fell to its ...

  • Shares of network security technology vendor FireEye (FEYE) are up 45 cents, or 1.5%, at $29.90, after Stifel Nicolaus's Gur Talpaz today initiates coverage of the group, giving FireEye and Palo Alto Networks (PANW) Buy ratings, and price targets of $45 and $100 respectively, and rating others in the group a Hold. Talpaz …

  • Amgen: Why Its New Drug Application is a Big Deal @ Barrons.com - Thu, Aug 28, 2014 3:17 PM EDT

    Amgen (AMGN) said it had applied for approval for a new type of cholesterol drug, making it the leader in the race to get to market first. UBS analyst Matthew Rhoden explains why Amgen's filing is a big deal: We are maintaining our Buy rating on Amgen shares (and Neutral on Regeneron (REGN)) following Amgen's announcement …

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