Articles by: Miroslav Marinoff

General Electric shares close higher on Wednesday, company relocates some of its operations in China

General Electric Companys (GE) manufacturing facility in Rochester, New York, which focuses on the assembly of electronic boards, is expected to be closed, while its operations – relocated in China. General Electric shares closed higher for the fourth time in the past six trading sessions on Wednesday. The stock went up 0.59% ($0.15) to $25.71, […] Read more

Tesla shares close higher on Tuesday, Argus upgrades the stock to “Buy” due to strong Model 3 performance

Tesla Incs (TSLA) stock has reportedly been upgraded to a “Buy” rating by Argus, due to strong orders of the companys Model 3 vehicle. Argus also revised up its price target for the stock to $444. Tesla shares closed higher for the fourth time in the past five trading sessions on Tuesday. The stock went […] Read more

Ralph Lauren shares gain for a fourth session in a row on Tuesday, as quarterly sales and income outstrip market expectations

Ralph Lauren Corporations (RL) first-quarter sales and income surpassed market expectations, as the company kept discounting and inventory in check. Ralph Lauren shares closed higher for a fourth consecutive trading session on Tuesday. It has been the steepest daily surge in at least a year. The stock went up 13.28% ($10.38) to $88.53, after touching […] Read more

Wells Fargo shares close higher on Tuesday, holding to be investigated in relation with auto policies

According to an August 8th statement by Californias insurance regulator, Wells Fargo & Company (WFC) and an insurance company are to be probed over selling unneeded auto policies to hundreds of thousands of residents. Wells Fargo shares closed higher for the first time in the past five trading sessions on Tuesday. The stock edged up […] Read more

Netflix shares gain for a second session in a row on Monday, company acquires Millarworld

According to an August 7th statement by Netflix Inc (NFLX), it acquired comic book publisher Millarworld, which marked the companys first acquisition ever. Owned by writer Mark Millar and his wife, Millarworld is to provide Netflix with a number of character franchises for the development of movies, TV series as well as childrens shows. However, […] Read more

AT&T shares gain for a third session in a row on Monday, CBS networks added to DirecTV Now offering

As agreed on by AT&T Inc (T) and CBS, the CBS networks are to be added to the DirecTV Now streaming service. AT&T shares closed higher for a third consecutive trading session on Monday. The stock edged up 0.23% ($0.09) to $38.52, after touching an intraday high at $38.64, or a price level not seen […] Read more

Tesla shares gain for a third session in a row on Friday, base price of company’s Model X reduced

The base price of Tesla Incs (TSLA) Model X SUV was reportedly lowered to $79 500, as the companys overall gross margins improved. At the same time, P100D, or the costliest version of Teslas Model X, which delivers the fastest acceleration and a longer range, is now priced at $145 000. The move comes amid […] Read more

General Motors shares gain the most in a month on Friday, 800 000 pickups being recalled globally

According to documents released to the public on August 4th by the National Highway Traffic Safety Administration, almost 800 000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickups are being recalled by General Motors, due to possible power steering loss. General Motors shares closed higher for the fifth time in the past eight trading sessions […] Read more

Aetna shares touch a fresh all-time high on Thursday, quarterly earnings beat expectations, full-year forecast revised up

Aetna Inc’s second-quarter earnings, reported on August 3rd, outstripped market expectations, as a slump in revenue has been overshadowed by cost efficiency, with the company withdrawing from Affordable Care Act market exchanges. Aetna shares closed higher for a third consecutive trading session on Thursday. It has also been the sharpest daily surge since February 14th. […] Read more

Lockheed Martin shares hit a fresh record high on Thursday, company receives enhanced laser technology contract

A $26.5 million contract award has reportedly been given to Lockheed Martin Corporation (LMT) by the United States Navy in relation with production of Enhanced Laser Guided Training Rounds. Lockheed Martin shares closed higher for a fifth consecutive trading session on Thursday. The stock edged up 0.38% ($1.12) to $295.82, after touching an intraday high […] Read more