January 23, 2017 10:40 am
On January 20th the S&P 500-featured Procter & Gamble Company (PG) reported higher-than-anticipated quarterly sales and net income, citing stronger demand for its health care products. At the same time, P&G revised up its organic sales forecast in regard to fiscal year 2017. Procter & Gamble shares registered their largest daily surge since October 25th […]
Read moreJanuary 23, 2017 8:33 am
On January 20th the DJIA-featured General Electric Company (GE) reported a 35.4% increase in its fourth-quarter net income compared to the same period a year earlier, supported by a strong performance of its power and renewable energy divisions. However, the conglomerates total revenue for the period was reported to have shrunk 2.36%. General Electric shares […]
Read moreJanuary 23, 2017 7:15 am
Silver (SI) for March delivery (1 Troy Ounce) R1 – $17.065 R2 – $17.097 R3 (Range Resistance – Sell) – $17.130 R4 (Long Breakout) – $17.227 R5 (Breakout Target 1) – $17.341 R6 (Breakout Target 2) – $17.391 S1 – $17.000 S2 – $16.967 S3 (Range Support – Buy) – $16.934 S4 (Short Breakout) – […]
Read moreJanuary 20, 2017 10:44 am
On January 19th American Express Company (AXP) reported a lower-than-anticipated profit for the final quarter of 2016, due to higher marketing and promotion expenditures aimed at fending off rivalry. American Express shares registered the largest daily retreat since January 5th on Thursday. The stock went down 1.03% ($0.80) to $76.69, after climbing as high as […]
Read moreJanuary 20, 2017 8:44 am
On January 19th Wells Fargo & Company (WFC) announced a merger between its international business and its wholesale banking unit. At the same time, Richard Yorke was appointed as Chief Operating Officer of the groups wholesale banking business. Wells Fargo shares closed higher for a second straight session on Thursday. The stock went up 0.57% […]
Read moreJanuary 20, 2017 7:31 am
USD/CHF R1 – 1.0072 R2 – 1.0080 R3 (Range Resistance – Sell) – 1.0087 R4 (Long Breakout) – 1.0110 R5 (Breakout Target 1) – 1.0136 R6 (Breakout Target 2) – 1.0146 S1 – 1.0058 S2 – 1.0050 S3 (Range Support – Buy) – 1.0043 S4 (Short Breakout) – 1.0020 S5 (Breakout Target 1) – 0.9994 […]
Read moreJanuary 19, 2017 10:38 am
According to a January 18th statement by the US Securities and Exchange Commission (SEC), General Motors Company (GM) is expected to pay $1 million in order to settle an accounting case related to a defective ignition switch, that caused 124 deaths and 275 injuries. Charges stated that lax accounting control at GM had caused the […]
Read moreJanuary 19, 2017 8:36 am
Oracle America Inc, an Oracle Corporation unit, has been sued by the US Labor Department, as white male employees at the technological company systematically received larger payments compared to other worker groups, while, on the other hand, Asians were the most favored applicants in the recruiting process. In a complaint, filed with an administrative judge […]
Read moreJanuary 19, 2017 7:09 am
Silver (SI) for March delivery (1 Troy Ounce) R1 – $17.302 R2 – $17.329 R3 (Range Resistance – Sell) – $17.357 R4 (Long Breakout) – $17.439 R5 (Breakout Target 1) – $17.535 R6 (Breakout Target 2) – $17.578 S1 – $17.247 S2 – $17.219 S3 (Range Support – Buy) – $17.192 S4 (Short Breakout) – […]
Read moreJanuary 18, 2017 2:30 pm
Target Corporation (TGT) revised down its forecasts regarding Q4 comparable store sales and earnings, while pointing out “softer-than-expected” holiday sales – a result of disappointing traffic and sales trends. According to the retailer, growth of toy sales was more than offset by lower sales of electronics, entertainment, essential products and food. Target Corporation shares gained […]
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