Articles by: Miroslav Marinoff

Johnson & Johnson shares gain the most in two months on Tuesday as second-quarter profit tops expectations, 2017 earnings forecast revised up

Johnson & Johnsons (JNJ) second-quarter earnings exceeded market expectations, supported by strong demand for the newer additions to the companys product range, such as the Darzalex cancer drug. J&J also revised up its full-year earnings forecast. Johnson & Johnson shares closed higher for a third time in the past seven trading sessions on Tuesday. It […] Read more

Lockheed Martin shares reach a fresh all-time high on Tuesday, quarterly earnings exceed expectations on strong F-35 sales

Lockheed Martin Corporations (LMT) quarterly earnings exceeded market expectations, supported by higher sales of the companys F-35 fighter aircraft. In addition, Lockheed revised up its full-year earnings forecast. Lockheed Martin shares closed lower for the first time in the past four trading sessions on Tuesday. It has also been the biggest daily retreat since June […] Read more

IBM shares fall the most in 1 1/2 weeks on Monday, Barclays revises down its price target and earnings guidance

Barclays has reportedly revised down its price target for IBM to $132 from $141, while maintaining an Underweight rating on the stock. According to analyst Mark Moskowitz, the tech firm should lower its full-year earnings guidance to under $13 per share. IBM shares closed lower for a third time in the past seven trading sessions […] Read more

Apple shares gain for a seventh session in a row on Monday, forthcoming iPhones to face production delays

According to a report by Economic Daily News, production of all models of Apple Incs (AAPL) upcoming iPhones will probably be delayed. Mass production of the lower end iPhone 7 and iPhone 7s is to start in August, which would be a one-month delay from the companys normal schedule. Apple shares closed higher for a […] Read more

JP Morgan shares close lower on Friday despite better-than-expected second-quarter revenue and earnings, net interest income below forecast

On Friday JP Morgan Chase & Co (JPM) posted higher-than-anticipated second-quarter revenue and earnings, supported by sound loan growth and higher interest rates, which initially sent its shares up by over 1% at some point during pre-market trade. However, the bank also said that its net interest income for the full year would be below […] Read more

Citigroup shares close lower on Friday, second-quarter earnings outstrip market expectations, trading revenue falls less than anticipated

Citigroup Incs (C) second-quarter earnings came in above the median analyst estimate, as trading revenue shrank at a lesser rate than initially expected and lending gained new momentum. Citigroup shares closed lower for the third time in the past five trading sessions on Friday. The stock went down 0.45% ($0.30) to $66.72, after touching an […] Read more

Target shares gain for a third session in a row on Thursday, company revises up same-store sales forecast

The latest forecast by Target Corporation (TGT) reportedly points to an increase in sales for the first time in five quarters due to higher customer traffic and improved sales trends. Target shares closed higher for a third consecutive trading session on Thursday. It has also been the sharpest daily surge since November 16th 2016. The […] Read more

Facebook shares gain for a fifth session in a row on Thursday, a $200 wireless Oculus VR headset to be released in 2018

Facebook Inc (FB) was reported to be planning the release of a $200 wireless Oculus Virtual Reality headset in 2018. Code-named “Pacific”, this new headset will not require a smart phone or a personal computer and will be available at a competitive price compared to untethered VR headsets. Facebook shares closed higher for a fifth […] Read more