Market News

Hedge fund all stars will give a new read on markets at the 21st Sohn Investment Conference on Wednesday.

more...

more...

Herbalife shares surged after the company disclosed that a settlement with the FTC may cost it $200 million.

more...

George Soros, the venerated American billionaire hedge fund investor, fears China is headed toward a financial crisis like that of the United States and much of the world in 2008. Debt is spiraling, he noted in April, and when America let that happen it set off the Global Financial Crisis. Since Soros made the comment in April, he has been showered with criticism that all but puts a shine on China. Its debt won’t spill over into the rest of the world. It might not even taint China, which in turn might not be too concerned, some of the detractors say.

more...

Since the E-mini S&P hit its recent high of 2105.25, the stock market, as represented by the broad based S&P 500, has seen an approximately 3% point correction. Bullish consensus has fallen and the market has clearly wavered. As always, the question is what’s next? For those that believe that the market will regain its footing and move back up to the levels seen just two weeks ago, the E-mini S&P Options provide an opportunity to participate in that move while at the same time exposing themselves to substantial exposure should the market fall approximately 12% between now and June 17th, the expiration date of June Options.

more...

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Russell 1000 Value ETF (AMEX: IWD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $109.27 per unit.

more...

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Guggenheim S&P 500 Equal Weight ETF (AMEX: RSP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $87.01 per unit.

more...

Dish Network recently announced that it is deploying a nationwide fleet of professional technicians capable of reaching any U.S. home or business to repair iPhones for nationwide consumers. Under this service, which will also be available to non-DISH subscribers, the company will provide door service of technicians to repair cracked screens and replace batteries in various models of Apple's iPhone. Dish plans to expand this service to include additional devices and smartphone accessories in future. This program falls under the Dish Smart Home Service, which provides television setup and installation, network setup and surround sound services. By bringing smartphone repair into this realm, Dish can generate additional revenues and also ensure that consumers are able to view 'TV everywhere' without any disruption. The company's streaming service Sling TV is available for viewing on mobile devices and this venture could support the streaming segment.

more...

SunPower, the second largest U.S. solar panel manufacturer, published a wider-than-expected first quarter loss, as it focused on building projects that it holds on its balance sheet & limiting its revenue recognition - and also witnessed lower gross margins for power plant sales. Below we review the performance of the company’s power plant and distributed solar business and take a look at what lies ahead.

more...

A new memoir out this week from celebrity auctioneer Simon de Pury reveals just how unpredictable the art market can be.

more...