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ID July 2019, our final pre-pandemic summer, investors, analysts and at least a few journalists in a Little Rock newsroom were pondering a sudden spike in shares of publicly traded [...]

Activists investors are proliferating today, but their activities have changed since the 1980s when they were known as corporate raiders, bust-up artists, and worse. Unfortunately, myths continue to get in [...]

One question I asked all the interviewees for my book, 'Market Beaters,' was whether or not they tested only in support of preexisting ideas. I expected some disparity: while some [...]

The article discusses the misleading notion, which states that the stocks are much riskier than the bonds. The analysis states that the concept is not always accurate and hence can lead to several misguided and incorrect investment decisions.

The one-contract-size trades of the Hong Kong Hang Seng Index markets are analyzed to determine the contributions of the small traders in the price discovery of the stocks. Despite low trading volume, these small traders are shown to significantly contribute to the information sharing process, hence playing a uniformed and important role in these markets.

Four executives from the investment industry discuss the opportunities that they see in the stock market. Their picks include stocks in the energy, technology, and health care industries.

Best's Research Market Segment Report: New Zealand Life Insurers Resilient Despite Regulatory Changes and Economic Headwinds New Zealand's life market remains robust despite the regulatory and economic changes, aggressive competition [...]

The opinions of experts and personalities who are known to have bear attitudes towards the economy were presented in the event 'A Night with the Bears' in Toronto on April 2009. Known 'bears' that served as resource persons in the vent were Nouriel Roubini, Eric Sprott, Ian Gordon, and Meredith Whitney. The 'bears' were observed to have differences regarding consumer debt.

Investment experts Fred Hickey, Mario Gabelli, Felix Zulauf, Oscar Schafer, Scott Black, Abby Joseph Cohen, Bill Gross, Archie MacAllaster, Meryl Witmer, Marc Faber give their view on the stock market and provide their stock picks. The panelists believe that stock prices have overshot corporate fundamentals and are due for a major bounce.

THE SCREENS ARE crawling with red and green. But mostly red. 'What is this?' The stock market is headed down again, as it was yesterday and the day before that. [...]

ABSTRACT The primary goal of this Article is to bring empirical evidence to bear on the heretofore largely theoretical law and economics debate about insider trading. The Article first summarizes [...]

A survey of portfolio managers on investment stocks showed that 55% think believes that the market is fairly valued at current levels, while 22% consider stocks overvalued. Bullish investors expect the Dow Jones Industrial Average to end the year at 14,318 above its October 9 peak of 14,164. Results of the Big Money Poll are presented.

This article examines the relation between consensus buy/hold/sell recommendations for stocks and the financial characteristics of the rated companies. Brokerage house recommendations are interesting because recommendation changes occur frequently and [...]

Many pension funds, endowment funds, and other institutional investors are concerned that equities--typically their largest asset allocation--will have lower average returns over the next decade. In this environment, many investors [...]

Purpose--Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more information on explaining price volatility and market liquidity in this market. The paper also aims to investigate how market condition can affect the relationship between information type and trading activities. Design/methodology/approach--The paper uses data from the Taiwan OTC market to run the empirical tests. It divides firms into five size groups based on their market capitalization. Regression equations are run to test: whether number of transactions has a more significant impact on price volatility on the Taiwan OTC market; the impact of market information on number of transactions; the relative impact of firm specific and market information on number of transactions; and the impact of number of transaction of bid-ask spread. Findings--Findings show that the larger the number of transactions, the higher the price volatility. Smaller firms on the Taiwan OTC market are traded based on firm-specific information. This relation is further affected by market trends. Especially for the larger firms, when the market is up and the amount of market information increases, number of transactions increases. When the market is down and the amount of market information increases, number of transactions decreases. Finally, it is found spread size is more likely to be influenced by number of transactions, instead of trade size. Overall, based on these empirical results, the information content of number of transactions seems to be higher than that of trade size in the Taiwan OTC market. Practical implications--Investors now understand that number of transaction actually carry more information than trade size does. Originality/value--The relation between market information and number of transaction, also that between market information and trade size is influenced by market condition. The paper fills a gap in the literature to show that market condition has an impact on the relation between information type and trader's behavior. A number of transactions are identified that provide more information than trade size does. It is also shown that market conditions can further affect the impact of information on trading activities. Keywords Securities markets, Stock prices, Financial markets, Taiwan Paper type Research paper

Purpose--The main purpose of this paper is to compute the appropriate margin level for the stock index futures traded on the Taiwan Futures Exchange (TAIFEX) and, then, to examine the appropriateness of the real margin requirement set by the TAIFEX. Design/methodology/approach--This paper develops a new approach assuming the future's prices follow a geometric Brownian motion process. Compared with the extreme value theory that has been intensively used to determine the appropriate futures margin levels, one of the advantages of the present model is no need to specify the frequency at which extremes are taken. Findings--The evidences indicate that the theoretical margins obtained by the proposed model can provide a more accurate and flexible margin level in accordance with the market volatility. Research limitations/implications--The main limitation of this approach is that the natural logarithm of the futures prices is assumed to follow a Brownian motion process. However, such an assumption might not be practical for financial returns. Practical implications--The research is helpful for the clearinghouse to set up its margins policy, especially under various conditions of volatility risks. Originality/value--This paper proposes a theoretical procedure to set an appropriate futures margin for the TAIFEX. This paper also provides a better understanding of Taiwan's futures market that is newly launched and is useful for investors to hedge and speculate. Keywords Futures markets, Stock markets Paper type Research paper

The potential non-linear dynamics in stock trading and its influence on competing behavior of stock traders is evaluated, by using intraday trading data at FTSE (Frankfurt Stock Exchange)-100 Index.

The study examines whether Fama's discrete version of Merton's intertemporal CAPM (ICAPM) can explain the negative market risk premium and the cross-sectional variability of Philippine stock returns after the onset [...]

The stock market in the fourth quarter of 2004 opened with a disappointing performance in the third quarter due to geopolitical concerns, high oil pries and reduced earnings growth. David Kovacs, portfolio manager at Turner Investments reported that the quarter would open with cheaper valuation and low bond yields in the stock market and earnings might be negative.

Markets move sideways about 80% of the time and trend for about 20% of the time. For most traders, sideways market conditions are most frustrating to trade because the profits [...]

The Brier score and a covariance partition due to Yates are considered to study the probabilistic forecasts of a vector autoregression on stock market returns. Probabilistic forecasts from a model [...]