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Reuters Quote: Alibaba options show investors wary ahead of lock-up expiration
(Reuters) – Alibaba Group Holding Ltd’s blockbuster IPO has been followed by a steady slide in its stock price, which options market players do not expect to abate, with nearly a fifth of its shares to be released for trading on Wednesday. The Chinese e-commerce giant’s stock soared after it first went public in September,…
Benzinga Quote: Sarhan Capital CEO Calls Lumber Liquidators A 'Broken Stock'
Kevin Riley, Benzinga Staff Writer Speaking to Benzinga, Sarhan Capital CEO Adam Sarhan discussed Lumber Liquidators Holdings Inc LL 10.42% ahead of its Thursday conference call. Sarhan said that Lumber Liquidators “is a broken stock” and that it was “extremely important for investors to remain cognizant of the fact that LL is in a bear market.”…
Media Quote- CBS Market Watch/Dow Jones Newswire: January Jobs Report
“You’ve seen a very muted reaction to this morning’s jobs numbers simply because it doesn’t give a clear explanation on what’s happening with the economy,” said Adam Sarhan, chief executive at Sarhan Capital. “You also have the ongoing unrest in Egypt and the Middle East as a dark cloud that’s hovering over the market, so investors are really hesitant going into the weekend to take really aggressive positions one way or the other.”
CNBC: Stocks close higher as Street attempts rally amid low oil
U.S. stocks traded mostly higher Monday, attempting to recover from a sharp sell-off last week, as investors eyed low oil prices in a shortened trading week. “This time of the year is notorious for rallying. You might get some squaring of positions here that has little to do with oil prices,” said Mark Luschini,…
Sarhan In Reuters: Dollar hits eight-month high; stocks set for weekly gain
Friday, October 21, 2016 By Dion Rabouin | NEW YORK The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S….
Adam Sarhan Quoted in Lead Story on Home Pg of TheStreet.com
Stocks Hammered by Eurozone Worries NEW YORK (TheStreet) — Stocks were hammered Monday as investors fled riskier assets on concerns about Europe’s ability to address its escalating debt problems. The latest batch of worrisome headlines from across the pond included Cyprus reportedly asking for a bailout, the resignation of Greece’s finance minister and Spain making…
