Articles by: Miroslav Marinoff

Chevron shares close higher on Monday, the company’s first line at Gorgon LNG export plant closed for a month

The first production line at Chevrons Gorgon liquefied natural gas export plant in Australia has reportedly been closed. According to a spokesperson for the company, the outage may last a month, due to the replacement of a defective device. Chevron shares closed higher for the first time in the past three trading sessions on Monday. […] Read more

Snap shares gain the most since early March on Monday, filings show stakes held by several institutional investors

Shares of Snap Inc (SNAP) soared over 8% yesterday, while marking their second consecutive session of gains, as filings presented the first definitive snapshot of the institutional investors who acquired a stake in the company, when the latter went public at the beginning of March. Snap shares registered their largest daily surge since March 3rd […] Read more

Apple shares touch a fresh all-time high on Friday, Goldman Sachs, Merrill Lynch raise their targets for the tech giant

Shares of Apple Inc (AAPL) registered a record-high close on Friday, after Goldman Sachs and BofA Merrill Lynch raised their price targets for the stock. Apple shares closed higher for a second consecutive trading session on Friday. The stock went up 1.40% ($2.15) to $156.10, after touching an intraday high at $156.42 and also a […] Read more

Wells Fargo shares fall for a second straight session on Friday, unauthorized accounts now estimated at 3.5 million

According to a May 11th filing with the federal court in San Francisco, 3.5 million unauthorized client accounts may have been opened by employees at Wells Fargo, or a number far exceeding the preceding estimate. At the same time, law firms have been seeking approval of a $142 million settlement in relation with the sales […] Read more

Delta Air shares close lower on Thursday, Airbus’s wide-body aircraft delivery to be delayed

On May 11th Delta Air Lines Inc (DAL) announced that the delivery of Airbus SEs wide-body A350-900 jets would probably be delayed, which raised certain concerns over demand for these aircraft. Delta Air shares retreated for the first time in the past three trading sessions on Thursday. The stock went down 0.56% ($0.28) to $49.69, […] Read more

Caterpillar shares gain for a second straight session on Thursday, company upgraded by BofA/Merrill Lynch on strong sales, earnings expectations

On May 11th Bank of America Merrill Lynch upgraded Caterpillar from ”Neutral” to ”Buy”, citing continuing acceleration in monthly retail sales, stronger earnings expectations as well as an increase in dividend this year. Caterpillar shares closed higher for a second consecutive trading session on Thursday. The stock went up 0.63% ($0.63) to $100.99, after touching […] Read more

Tribune shares retreat the most in two weeks on Wednesday, broadcaster reports a surprise first-quarter loss

Tribune Media Co (TRCO) reported a loss during the first quarter of 2017, due to lower advertising revenue from its TV and entertainment division as well as due to an impairment charge. Tribune Medias shares registered their largest daily loss since April 24th during Wednesdays trading session. The stock went down 0.90% ($0.38) to $41.82, […] Read more