Market News

Here are nine sub-markets investors should consider in the rust belt. There's not necessarily gold in the Rust Belt, but some very solid silver.

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The most recent short interest data has been released for the 08/31/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed. Start slideshow:Top 25 S.A.F.E. Dividend Stocks »In our new rank based on the most recent short interest data, Paychex Inc (NASD: PAYX) has taken over the position of #14 most shorted S&P 500 component, from Varian Medical Systems, Inc. (NYSE: VAR) which is now in the #35 spot.

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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

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Is it even possible to get a good return in today's market? This question served as the frame for CNBC’s Delivering Alpha conference Tuesday, and with financial luminaries ranging from billionaire Paul Singer to famed short seller Jim Chanos weighing in, a few clear ideas emerged. First and foremost of these is that, despite the broader macroeconomic challenges facing investors, alpha is still achievable.

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in International Business Machines Corp. (NYSE: IBM), where a total volume of 16,159 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of IBM's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $155 strike call option expiring September 16, 2016, with 1,107 contracts trading so far today, representing approximately 110,700 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $155 strike highlighted in orange:

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In trading on Wednesday, shares of Genworth MI Canada Inc (Toronto: MIC) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.68), with the stock changing hands as low as $33.58 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

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Cameco (NYSE:CCJ) is a Canadian uranium miner that has had nothing but bad news for the last few years. The stock and the price of uranium have gotten pummeled. It might still be too early to buy this stock.There are 396 million shares and the market cap is $3.437 billion. It pays a 40 cent dividend, for a 4.6% yield, but the dividend will probably get cut at some point. Cameco produces 18% of the world’s uranium and has 410 million pounds of proven and probable reserves. The price of U3O8 has gotten pummeled. It is now at $25.50 a pound. It was over $36 a year ago and over $135 before the financial crash in 2008.

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Following last week's announcement that Wells would pay a total of $185 million in fines to settle charges that it created millions of fake bank accounts, the Wall Street Journal is reporting that federal prosecutors are in the "early stages" of an investigation into Wells Fargo's sales practices.

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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

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Billionaire John Paulson remains confident on pharmaceuticals, even as the sector punishes his hedge fund's performance.

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