May 18, 2018 7:21 am
Shares of American International Group Inc (AIG) rose at the sharpest daily rate in two months during the trading session in New York yesterday after UBS raised its rating on the stock to “Buy” from “Neutral” previously, as it cited that the insurers earnings might have finally reached bottom and a possible buying opportunity might […]
Read moreMay 17, 2018 9:44 am
In an attempt to serve a diverse global base of subscribers, Netflix expects to release 86 original movies during the current year, with its total programming budget being $8 billion, according to a report by Seeking Alpha. Netflix shares closed higher for the sixth time in the past nine trading sessions on Wednesday. The stock […]
Read moreMay 17, 2018 8:02 am
Shares of Macy’s Inc (M) surged over 10% during the trading session in New York yesterday, after the company reported first-quarter same-store sales and earnings well above market expectations. Macy’s also revised up its full-year earnings forecast. Macy’s shares closed higher for a second consecutive trading session on Wednesday. It has also been the sharpest […]
Read moreMay 16, 2018 10:08 am
According to a report by Electrek website on Tuesday, Tesla Inc’s Chief Executive Officer Elon Musk expects the company to achieve a daily production rate of more than 500 Model 3 vehicles during the present week. Tesla shares closed lower for a fourth consecutive trading session on Tuesday. The stock went down 2.67% ($7.79) to […]
Read moreMay 16, 2018 7:41 am
Piper Jaffray was reported to have downgraded Ford Motor Company (F) to “Neutral” from an “Overweight” rating previously, as the firm cited a lack of compelling drivers behind the US auto makers revenue. Ford shares closed higher for the second time in the past seven trading sessions on Tuesday. The stock edged up 0.36% ($0.04) […]
Read moreMay 15, 2018 9:52 am
According to a report by Reuters on Monday, citing sources with knowledge of the matter, JP Morgan Chase has appointed Reginald Lang to a role within its entertainment industries group, which represents part of the lenders commercial banking arm and provides funding to TV and film studios. Lang currently serves as managing director of Wells […]
Read moreMay 15, 2018 7:35 am
Needham & Company revised up its price target for NVIDIA Corporation (NVDA) to $325 from $300 previously, as it cited the companys latest stronger-than-anticipated earnings that were driven by a 70% surge in data center revenue. The asset management firm also maintained a “Buy” rating on the stock. NVIDIA shares closed higher for the seventh […]
Read moreMay 14, 2018 9:47 am
According to a report by Reuters on Friday, General Motors Companys (GM) unit in South Korea reiterated that it should swing to a profit by the year 2019. At the same time, GM Korea said it intended to invest as much as $2.8 billion in the production of a brand new small sport-utility vehicle and […]
Read moreMay 14, 2018 8:15 am
According to a person with knowledge of the matter, production of Ford Motor Companys (F) F-150 pick-up trucks at facilities in Dearborn and Kansas City could be resumed as early as May 18th. Ford shares closed lower for the seventh time in the past ten trading sessions on Friday. The stock edged down 0.18% ($0.02) […]
Read moreMay 11, 2018 10:04 am
Shares of Macy’s Inc (M) retreated over 2% during the trading session in New York yesterday, after Morgan Stanley downgraded the stock to “Underweight” from “Equal-weight” previously. The bank expects that Macys earnings per share will probably fall short of market expectations during the current fiscal year, as the company faces shrinking sales at its […]
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