Articles by: Miroslav Marinoff

Ford shares gain the most in two weeks on Friday, $350 million to be invested in company’s Livonia transmission plant

On May 19th Ford Motor Company (F) revealed intentions to invest $350 million in the upgrade of its Livonia transmission plant located in Michigan in an attempt to extend its powertrain lineup. According to the second-largest US auto maker, employment at that plant has increased to 1 800 from 1 550 in 2016. However, Ford […] Read more

Bank of America shares close higher on Thursday, possible reduction of down payments for mortgages now debatable

In a statement on Thursday, Bank of America Corporations (BAC) Chief Executive said that financial institutions would be able to provide a larger share of funding for the purpose of home purchases, in case the standard down payment for buyers was reduced from 20% to 10%. Bank of America shares closed higher for the first […] Read more

Ralph Lauren shares retreat for a third session in a row on Thursday, as same-store sales shrink for a ninth consecutive quarter

Ralph Lauren Corporations (RL) sales at established stores shrank for a ninth consecutive three-month period during the latest quarter, due to decreasing customer activity. The company also said that sales might continue to shrink during the present quarter as well. Ralph Lauren shares closed lower for a third consecutive trading session on Thursday. The stock […] Read more

Target shares close higher on Wednesday, quarterly sales, earnings exceed expectations

Target Corporations (TGT) first-quarter sales and earnings, reported on May 17th, exceeded market expectations, while the retailer said full-year profit could be at the higher end of its latest projection. Target shares closed higher for the first time in the past five trading sessions on Wednesday. The stock went up 0.94% ($0.51) to $55.04, after […] Read more

Ralph Lauren shares fall for a second session in a row on Wednesday, P&G executive Patrice Louvet appointed as CEO

Procter & Gamble executive Patrice Louvet has reportedly been named as Chief Executive Officer of Ralph Lauren Corporation (RL). The appointment is to come into effect on July 17th, at which time Louvet will also join the companys board. Ralph Lauren shares closed lower for a second consecutive trading session on Wednesday. The stock went […] Read more

Home Depot shares touch an all-time high on Tuesday, quarterly same-store sales, earnings beat market expectations

Home Depot Inc (HD) posted better-than-anticipated first-quarter same-store sales and earnings, supported by higher client spending on large-ticket items such as flooring & roofing materials and appliances. The company also said it expected strong sales during the second three-month period, as housing continued to be a well-performing asset class. Home Depot shares closed higher for […] Read more

Starbucks shares fall the most in two weeks on Tuesday, some stores end up off-line due to a software glitch

Cash registers at a number of Starbucks stores in Canada and the United States reportedly went off-line for a few hours on May 16th due to a software update glitch, which caused stores only to accept cash or to offer coffee free-of-charge. The exact number of stores affected has not been disclosed. Starbucks shares registered […] Read more