DAX set for possible 5% rally on Greece deal says BoA Merrill Lynch
Bank of America Merrill Lynch European equity strategist James Barry says the oversold DAX could jump about 5 percent if Greece reaches a deal with its creditors. He notes risks of a Greek accident have risen but remains base case that a deal is done, potentially lifting German stocks.
MENTIONED IN THIS ARTICLE
Germany
Greece
Wall Street
DAX
European Central Bank
Bank of America
Merrill Lynch
James Barry
Barty
USA portfolio allocation by trade activity update
SigFig data tracks America’s investors showing very active turnover from 51 to 100 percent. Apple dominates holdings as largest, most bought and most sold, with thousands of users and $200 billion in assets managed online. Data reflect SigFig analysis across half a million investors.
MENTIONED IN THIS ARTICLE
USA
SigFig
Pandora and United gain on mixed May capacity data
United Continental shares rose as May capacity grew faster than traffic. Investors worry higher capacity may curb revenue and profit growth. Pandora Media slipped after Apple announced plans for a competing music service. Apple could leverage hardware to bolster its music streaming appeal.
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United Continental
Pandora Media
Apple
Market Snapshot Shows Decline Amid Small Price Shift
A brief market note records price at 87.58 with a small decline of 0.71, a 0.8 percent drop in cigarette futures, and a range from 86.12 to 88.18 dollars indicating limited movement in trading.
Alibaba eyes US expansion via small business ties
Alibaba shares slipped after founder Jack Ma announced plans at a New York luncheon to expand in the United States by connecting with small businesses.
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Jack Ma
New York
Organic stock slump hits United Natural Foods amid lower outlook
United Natural Foods tumbled about 4 percent to 61 as it released an adjusted quarterly profit of 84 cents per share, missing estimates and trimming revenue guidance. Whole Foods also faced pressure with flat to down results, while Kroger gains highlight the mainstream shift in organic foods.
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United Natural Foods
United Natural
Whole Foods Market
Whole Foods
Whole Food
Kroger
Campbell Soup to Acquire Garden Fresh Gourmet for 231 Million
Campbell Soup Co. said it will buy salsa maker Garden Fresh Gourmet for 231 million dollars to diversify beyond soup. Garden Fresh, based in Ferndale Michigan, also makes hummus dips and tortilla chips and had about 500 employees.
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Campbell Soup Co
Garden Fresh Gourmet
Beyond Soup
Campbell
Denise Morrison
Garden Fresh
Ferndale, Mich
Campbell Fresh
Packaged Fresh
Morrison
Belthouse Farms
Jeff Dunn
Jack
Annette Aronson
Campbell Soup
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