Articles by: Miroslav Marinoff

NVIDIA shares hit a fresh all-time high on Monday, BofAML revises up its price target for the stock to $210

Bank of America Merrill Lynch was reported to have revised up its price target for NVIDIA Corporation (NVDA) to $210 from $185 previously. It is now the second-highest price target on the stock behind that of Evercore ISI ($250). Additionally, Bank of America Merrill Lynch maintained a ”Buy” rating on the stock. NVIDIA shares closed […] Read more

Goldman Sachs shares close higher on Monday, new investment banking co-heads appointed in Southeast Asia

Udhay Furtado and Harry Naysmith had been appointed as co-heads of Goldman Sachs’ investment banking division in Southeast Asia, an internal memo revealed. The document’s contents were confirmed by a spokesperson for the bank in Hong Kong. Goldman Sachs shares closed higher for the sixth time in the past seven trading sessions on Monday. It […] Read more

Macy’s shares close higher on Friday, company to increase seasonal employment by 80 000 for holidays

The number of part-time employees, that Macys hires for the holiday season to service its distribution network and warehouses supporting the chains on-line business, is to increase by 20%. Macy’s shares closed higher for the fourth time in the past five trading sessions on Friday. It has also been the sharpest daily surge since September […] Read more

Oracle shares fall for a second session in a row on Friday, price target for the stock raised by analysts

Canaccord Genuity reportedly revised up its price target for Oracles stock to $57 from $56 previously and also kept a “Buy” rating. Richard Davis, an analyst at Canaccord, emphasized on improved margins and also noted that the stock was still “sufficiently inexpensive”. Oracle shares closed lower for a second consecutive trading session on Friday. The […] Read more

Verizon shares close lower on Thursday, provider to distance from cable company acquisition plans, CEO says

According to a Thursday statement by Lowell McAdam, Verizon Communications Incs (VZ) Chief Executive Officer, the company has distanced from its plans involving the acquisition of cable firms and instead it will put effort in the establishment of a fiber infrastructure of its own. Verizon shares closed lower for the first time in the past […] Read more

Ford shares close lower on Thursday, Ford Sollers to boost personnel by 700 due to growing auto demand in Russia

According to a Thursday statement by Ford, its joint venture in Russia intends to increase staff at a facility in Elabuga, Tatarstan by over 700 people in order to respond to higher auto demand, more specifically for SUVs and light commercial vans. Ford Sollers is to begin recruiting in October. Ford shares closed lower for […] Read more

Apple shares fall for a second session in a row on Wednesday due to concerns over iPhone X’s price tag and shipping date

The hefty price tag as well as the later-than-anticipated shipping date of Apples iPhone X raised certain concerns among market players on Wednesday. Apple shares closed lower for a second consecutive trading session on Wednesday. The stock went down 0.75% ($1.21) to $159.65, after touching an intraday low at $157.94, or a price level not […] Read more

Amazon shares gain the most in two months on Wednesday, company to open a new warehouse in Mexico

According to a post by Reuters, Amazon.com Inc (AMZN) intends to open a 1 million square-foot warehouse in proximity to Mexico City, while its construction is expected to be finalized in 2018. This new facility is to triple Amazons distribution space in the North American state. Amazon shares closed higher for a third consecutive trading […] Read more

Comcast shares gain for a second session in a row on Wednesday, company introduces new premier platform for business clients

Comcast Corporation (CMCSA) reportedly unveiled a new, higher-speed platform for business entities in an attempt to lure commercial clientèle so that a drop in traditional video subscribership is recouped. Comcast has been trying to make a transition from the segment of small and medium-sized businesses to enterprise-class customers. Comcast shares closed higher for a second […] Read more

Wells Fargo shares gain for a second session in a row on Tuesday, CEO expects better control over costs in H2

According to a statement by Tim Sloan, Wells Fargo & Companys (WFC) Chief Executive Officer, on September 12th, the third largest US bank could have a better control over costs in relation to its revenues during the second half of the year. Wells Fargo shares closed higher for a second consecutive trading session on Tuesday. […] Read more