Rodrigo's Feed
Apr 24, 2014

Trend-setter Apple’s stock split could bring out the copycats

NEW YORK (Reuters) – Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street.

On Wednesday, the iPad maker and largest U.S. company by market value said it would do a seven-for-one split, knocking its share price down from the $500-plus level to something closer to $75. The stock is up 8 percent on Thursday.

Apr 23, 2014

U.S., euro zone activity up; China decline slows

NEW YORK/LONDON (Reuters) – The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese factory activity slowed, surveys showed on Wednesday.

Factory activity continued to expand in the world’s largest economy, but the pace of growth stalled and came in below expectations. However, output growth hit its fastest in three years.

Apr 22, 2014

U.S. railroads show untapped value from delay in building oil pipeline

April 21 (Reuters) – U.S. railroads are obvious winners from
the latest delay in the Keystone XL Pipeline approval, and some
of the freight operators with the biggest growth in petroleum
shipments look undervalued, according to an analysis of Thomson
Reuters data.

While shares in some railroad companies have recently hit
record highs, there may be still more upside potential. CSX Corp
and Norfolk Southern Corp are both trading 15
percent or more below their warranted share price, according to
a measure of “intrinsic valuation” tracked by Thomson Reuters
StarMine.

Apr 17, 2014

Wall St edges higher during earnings flurry

NEW YORK, April 17 (Reuters) – U.S. stocks advanced slightly
in choppy trading on Thursday after three days of gains, as
underwhelming results from tech bellwethers Google and IBM were
offset by upbeat quarterly numbers, including those from Morgan
Stanley and General Electric.

The latest data showed the U.S. economy’s health was
improving. The number of Americans filing new claims for
unemployment benefits rose less than expected in the latest week
and came near pre-recession levels. Factory activity in the U.S.
mid-Atlantic region expanded in April at a faster clip than
anticipated, according to a survey from the Federal Reserve Bank
of Philadelphia.

Apr 17, 2014

Wall St little changed amid earnings flurry

NEW YORK, April 17 (Reuters) – U.S. stocks were little
changed in choppy trading on Thursday following three days of
gains, as underwhelming results from tech giants Google and IBM
were offset by upbeat quarterly numbers including those from
Morgan Stanley and General Electric.

Economic data was supportive of equities, with the number of
Americans filing new claims for unemployment benefits up less
than expected last week and near pre-recession levels. Factory
activity in the U.S. mid-Atlantic region expanded in April at a
faster clip than anticipated.

Apr 17, 2014

Wall Street to open little changed on mixed earnings

NEW YORK (Reuters) – Wall Street was set to open little changed Thursday, following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers from the likes of Morgan Stanley, Goldman Sachs and General Electric.

* Supporting equities, the number of Americans filing new claims for unemployment benefits rose less than expected last week and remained near its pre-recession levels, offering further evidence of the economy’s underlying strength.

Apr 16, 2014

Wall St up on Chinese and US data, Yellen comments

NEW YORK, April 16 (Reuters) – U.S. stocks rose for a third
straight session on Wednesday after data showed China’s economic
growth exceeded expectations and U.S. industrial production rose
for a second straight month.

Federal Reserve chair Janet Yellen, speaking in New York,
provided further support, re-affirming the Fed’s commitment to
keep interest rates low, even after ending its bond buying
program, as long as inflation remains under target and
unemployment elevated.

Apr 16, 2014

Wall St gains after Chinese data, Yahoo up on Alibaba

NEW YORK, April 16 (Reuters) – U.S. stocks rose for a third
straight session on Wednesday after China’s economic growth
exceeded expectations and Yahoo shares rallied on the strength
of revenue growth in Chinese e-commerce giant Alibaba, in which
it has a stake.

China, the world’s second-largest economy, grew at its
slowest pace in 18 months at the start of 2014, but the rise was
better than expected and showed some improvement in March.

Apr 16, 2014

Wall St. to rise after Chinese data, Yahoo up on Alibaba

NEW YORK (Reuters) – U.S. stocks were set to rise at the open on Wednesday after China’s economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.

* China, the world’s second-largest economy, grew at its slowest pace in 18 months at the start of 2014, but the rise was better than expected and showed some improvement in March.

Apr 16, 2014

Biotech stocks rout beginning to reveal pockets of value

NEW YORK (Reuters) – Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.

The Nasdaq Biotech index , a primary victim of the meltdown in so-called momentum stocks, has dropped more than 20 percent from its record high in late February. In April alone, only around half a dozen of the 121 stocks in the index have managed to hold their heads above water.

    • About Rodrigo

      "Rodrigo is the Team Leader of the U.S. Equity Markets beat, specializing in market trends and technical analysis. He joined the corporate debt team at Reuters soon after receiving his MS degree from Columbia University's Graduate School of Journalism in 2006. Born and raised in Bogotá, he's fluent in Spanish."
      Joined Reuters:
      06/23/2006
      Languages:
      English, Spanish
    • Contact Rodrigo

    • Follow Rodrigo