Some investment banks (notably, ones without big emerging-market operations) now argue that emerging-market shares are a poor investment.
Normally an exchange or ECN pays broker-dealers two-tenths of a penny per share for putting shares onto its market and charges three-tenths of a penny to brokers who remove them by making a trade.
Back then he said that keeping a start-up private by selling shares through a secondary market or to other VCs would let Libin keep Evernote private while giving his investors an attractive return.
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But it also reflects the fact that Softbank is in the frothiest part of a thoroughly frothy market for high-tech shares.
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This is a somewhat beguiling metric to compare companies by -- market cap measures the value of a company's shares available on the market, and not every company has the same proportion of its overall value available in stocks -- but it illustrates well the diametrically opposite directions in which the two mobile phone makers are moving.
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That trend, while understandable as the company wrestles with a still-soft market and suddenly rising input costs, could put a damper on Sysco shares in the future.
Since July, emerging-market shares have been a disaster, falling 50%, as measured by the MSCI Emerging Markets Index, worse than U.S. stocks.
Even taking a 12-year span, emerging-market shares have lagged behind.
The other main tranche of the package is reported to centre on stabilising the stock market by imposing curbs on short-selling, the practice of betting on a falling market by selling shares so as to buy them back more cheaply.
Assuming the possibility that the short-seller's bearishness is unwarranted--which is a lot of the time--the seller, seeking to avoid losses on shares sold short, must re-enter the market in order to buy back the shares at a loss so that they can be returned.
In valuation terms, emerging-market shares now stand at a 15-20% discount to developed markets.
It seems to me that the best way of seeing what the investment institutions are proposing is as a short cut to something that's not a million miles from an IPO - since these are exactly the kind of funds that would buy the shares in a stock market flotation.
He shares a number of high-quality plays for these market conditions here.
As the fund does not employ leverage or derivatives for risk management, Exante intends to provide a two-way secondary market for the trading of fund shares.
In Las Vegas, Michael Gibbons of Gibbons Trading shares Band's doubt that a full-blown bull market is upon us, but he does believe a powerful rally is at hand.
Back in September, the Wall Street Journal reported that Apple was planning to take on Pandora in the streaming, user-configurable radio market, triggering a big slide in Pandora shares.
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Mr. Jackson's bet: that, because the strike price entitled an investor to own Kimberly-Clark shares at a price lower than the stock's current market price, the investor who bought the call options would exercise the contracts before the ex-dividend date to capture the company's 60 cent-a-share payout (recently increased to 66 cents).
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Berlin has also increased turnover by promoting a second, lightly regulated market, mainly for foreign and high-tech shares.
For another, most of the recent deals are ticking closer to the end of deal-imposed lock-up periods that will allow a flood of additional shares into the public market.
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Kerner's ambitions rest on his goal to vastly expand the market for trading in privately held shares--from a few well-known names like Facebook, Twitter and Zynga to hundreds of smaller, earlier-stage names.
They are unlikely to give up global market shares without a fight, especially since they are running export-led growth strategies.
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BJ's Wholesale Club topped quarterly expectations and raised its full-year outlook, giving its shares a nice boost during a down day for the market overall.
Shares of emerging-market banks, which with the exception of a few places such as Russia are in reasonable shape, have plunged in sympathy with their Western peers.
He might even resort to ImClone's poison-pill defense, which makes a takeover impossible by flooding the market with new shares if a buyer acquires more than 19.9% of the stock without the board's approval.
It wasn't so long ago, in 2005, that cheap credit flowed like vino and venture capitalists and private equity firms had a clear path to riches--by selling shares in their portfolio companies on the open market.
The PVF allows the investor to receive an up-front payment (typically, 75-85% market value) in exchange for delivery of a variable amount of shares or cash in the future, at which time the capital gain is realized for tax purposes and the tax on the capital gain is paid.
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Green Mountain Coffee, where heavy short interest, a rising market and better-than-expected earnings combined to hammer investors betting against those shares.
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However, news of the horsemeat contamination was followed by a drop in the company's shares on Wednesday - wiping hundreds of millions of pounds off its market value.
It wasn't much comfort: When the stock market opened, Encysive (nasdaq: ENCY - news - people ) shares were cut in half, erasing a quarter of a billion dollars in market value.
Trading at Euro330 a share a few days before the deal was announced on Apr. 1, Allianz's shares closed at Euro300 on Apr. 3-a Euro7.4 billion loss in stock market value, although by Apr. 9 the stock had worked its way back to Euro308.
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