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Coca-Cola shares retreat the most in 10 weeks on Thursday, company projects lower full-year profit in 2017 on higher re-franchising costs

February 10, 2017 8:35 am
The largest beverage maker worldwide, Coca-Cola Company (KO), said it projected a drop in its full-year profit due to higher-than-expected costs related to the re-franchising of its bottling operations in the United States. Coca-Cola shares registered their largest daily drop since November 30th on Thursday, while also ending a five-day streak of gains. The stock […] Read more

Major Currency Pairs: Pivot Levels for Friday (February 10th 2017)

February 10, 2017 7:12 am
USD/CHF R1 – 1.0018 R2 – 1.0026 R3 (Range Resistance – Sell) – 1.0033 R4 (Long Breakout) – 1.0057 R5 (Breakout Target 1) – 1.0084 R6 (Breakout Target 2) – 1.0096 S1 – 1.0002 S2 – 0.9994 S3 (Range Support – Buy) – 0.9987 S4 (Short Breakout) – 0.9963 S5 (Breakout Target 1) – 0.9936 […] Read more

Wells Fargo shares drop a third straight session on Wednesday, 2016 bonuses for holding’s top management to be eliminated

February 9, 2017 10:31 am
According to people with knowledge of the matter, 2016 bonuses for Wells Fargos top managers are likely to be eliminated, following last years sales scandal. On February 8th the Wall Street Journal reported that the groups board had held a meeting in January, discussing a probable bonus suspension for top executives, including Wells Fargos Chief […] Read more

Boeing shares retreat for the first time in four sessions on Wednesday, company stands as leading contender for $13.8 billion order by Singapore Airlines

February 9, 2017 8:35 am
As reported by Bloomberg, Boeing Company (BA) is a leading contender for an order of at least 35 wide-body aircraft by Singapore Airlines. The potential deal might be estimated at $13.8 billion at list prices. Boeing shares closed lower for the first time in the past four trading sessions on Wednesday, while marking their largest […] Read more

Commodity Market: Pivot Levels for Thursday (February 9th 2017)

February 9, 2017 7:04 am
Silver (SI) for March delivery (1 Troy Ounce) R1 – $17.728 R2 – $17.752 R3 (Range Resistance – Sell) – $17.775 R4 (Long Breakout) – $17.845 R5 (Breakout Target 1) – $17.927 R6 (Breakout Target 2) – $17.961 S1 – $17.682 S2 – $17.658 S3 (Range Support – Buy) – $17.635 S4 (Short Breakout) – […] Read more

General Motors shares plummet the most in 32 weeks on Tuesday, fourth-quarter net income shrinks partially due to exchange rate effects

February 8, 2017 10:37 am
Shares of General Motors Company (GM) fell the most in a bit over 32 weeks on February 7th, after the third largest automaker worldwide reported a 71.4% year-on-year drop in its fourth-quarter net income in part due to recent appreciation of the US Dollar against the UK Pound Sterling. The stocks reaction also reflected investor […] Read more

Bank of America shares close lower for a second straight session on Tuesday, holding creates branches with no employees

February 8, 2017 8:42 am
According to Anne Pace, the spokesperson for Bank of America, the financial holding has established 3 entirely automated branches in January, which allow clients to use ATMs and conduct video conference calls with employees located at other offices of the bank. Bank of America shares closed lower for a second consecutive session on Tuesday, while […] Read more

Major Currency Pairs: Pivot Levels for Tuesday (February 7th 2017)

February 7, 2017 7:06 am
USD/CHF R1 – 0.9916 R2 – 0.9921 R3 (Range Resistance – Sell) – 0.9927 R4 (Long Breakout) – 0.9943 R5 (Breakout Target 1) – 0.9962 R6 (Breakout Target 2) – 0.9970 S1 – 0.9905 S2 – 0.9899 S3 (Range Support – Buy) – 0.9894 S4 (Short Breakout) – 0.9877 S5 (Breakout Target 1) – 0.9858 […] Read more