January 26, 2018 11:22 am
American Airlines Groups (AAL) fourth-quarter profit was reported to have shrunk 11% year-on-year, as the companys operating expenses rose due to labor and fuel costs. American Airlines shares closed lower for a second consecutive trading session on Thursday. The stock went down 3.18% ($1.74) to $53.05, after touching an intraday low at $52.25, or a […]
Read moreJanuary 26, 2018 8:24 am
Pivotal Research rated Foot Locker Inc (FL) as a new “Buy” with a price target of $65, as the apparel retailer is considered to be in a better spot compared to many of its industry rivals amid the ongoing sales shift from brick-and-mortar stores to on-line channels. The price target represents approximately 24% upside compared […]
Read moreJanuary 25, 2018 10:31 am
Comcast Corporations (CMCSA) adjusted quarterly earnings, reported on Wednesday, outstripped market expectations, supported by high-speed Internet customer growth and stronger theme park revenue. On the other hand, the company lost video subscribers during the past quarter. Comcast shares closed higher for the fourth time in the past five trading sessions on Wednesday. The stock went […]
Read moreJanuary 25, 2018 8:06 am
In an interview with Bloomberg Television on Wednesday, JP Morgans Chief Executive Officer Jamie Dimon said the banking group intended to expand its operations in several African countries. JP Morgan Chase shares closed higher for the ninth time in the past twelve trading sessions on Wednesday. It has also been the sharpest daily surge since […]
Read moreJanuary 24, 2018 10:46 am
Shares of Verizon Communications Inc (VZ) touched highs unseen in a year during the trading session in New York yesterday after its fourth-quarter revenue and phone subscriber growth outstripped market expectations. Verizon shares closed lower for the fourth time in the past seven trading sessions on Tuesday. The stock went down 0.43% ($0.23) to $53.23, […]
Read moreJanuary 24, 2018 8:36 am
GoPro was reportedly downgraded to “Underweight” from “Equal Weight” by Morgan Stanley due to limited earnings power. The bank also revised down its price target for the stock to $5.00 from $9.50 previously. GoPro shares closed lower for the first time in the past three trading sessions on Tuesday. It has also been the steepest […]
Read moreJanuary 23, 2018 11:00 am
Prototypes of a re-designed 2020 Focus model were reported to have been tested by Ford across the United States 18 months prior to the vehicles production launch in China. A camouflaged prototype of the 2020 Focus was spotted at a retail outlet in Ann Arbor, Michigan on Sunday, Reuters reported. Ford shares closed higher for […]
Read moreJanuary 23, 2018 8:43 am
Apple Inc (AAPL) was reportedly downgraded to “Neutral” from “Overweight” by Atlantic Equities, as the firm cited expectations of lower-than-anticipated sales during the second quarter. Atlantic Equities also reaffirmed its price target for the stock at $190. Apple shares closed lower for a second consecutive trading session on Monday. It has also been the steepest […]
Read moreJanuary 22, 2018 11:03 am
Shares of General Electric Company (GE) extended their losing streak on Friday to complete the worst week since the financial crisis, following the announcement of over $11 billion in charges as well as indications of a possible break-up. General Electric shares closed lower for a fifth consecutive trading session on Friday. The stock went down […]
Read moreJanuary 22, 2018 8:35 am
According to a statement by Twitter Inc (TWTR) on Friday, some users are to be notified about a possible exposure to content provided by a suspected Russian propaganda service. The social media company is currently investigating whether Russia influenced the US elections in 2016. Twitter shares closed lower for a fourth consecutive trading session on […]
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