June 5, 2018 7:55 am
According to Evercore ISI, it is time market players bought shares of Macy’s Inc (M), as traditional retailers and brands have finally made necessary innovations in order to remain competitive in the digital era. Macy’s shares closed higher for a second consecutive trading session on Monday. It has also been the sharpest daily surge since […]
Read moreJune 4, 2018 10:03 am
Shares of Lululemon Athletica Inc (LULU) touched a record high on Friday, after the Vancouver-based company reported better-than-anticipated first-quarter results and also revised up its full-year earnings forecast, as customer traffic at its renovated stores kept increasing in the mid-single digit range. Lululemon shares closed higher for the first time in the past five trading […]
Read moreJune 4, 2018 7:50 am
A senior Boeing executive said over the weekend that a higher priority was put on passengers instead of cargo belly-space in the companys potential new mid-sized jet. Therefore, any speculation that the new aircraft might be redesigned so that it could satisfy freight demand from airlines in Asia has been downplayed. Boeing shares closed higher […]
Read moreJune 1, 2018 10:38 am
Shares of General Motors Company (GM) recorded their best trading session in almost nine years on Thursday following a report that SoftBank Group Corp intends to invest $2.25 billion in the auto makers autonomous vehicle unit, Cruise. The deal may affirm GMs leading position in self-driving vehicle technology. General Motors shares closed higher for a […]
Read moreJune 1, 2018 7:09 am
Google was reported to have teamed up with French telecommunications company Orange via its corporate venture fund in order to invest in tech start-ups based in Europe, the Middle East and Africa. Alphabet shares closed higher for a second consecutive trading session on NASDAQ on Thursday. It has also been the sharpest daily surge since […]
Read moreMay 31, 2018 9:44 am
According to a report by Bloomberg on Wednesday, Walmart Inc (WMT) intends to assist its full-time and part-time employees in the United States by funding their college degrees. Walmart shares closed higher for the first time in the past six trading sessions in New York on Wednesday. It has also been the sharpest daily surge […]
Read moreMay 31, 2018 7:35 am
Shares of Exxon Mobil Corporation (XOM) recorded their best trading session in 20 months on Wednesday after RBC Capital upgraded the stock to “Outperform” from “Sector Perform” previously, as the firm cited strong capital returns, including considerable dividend growth in the upcoming several years. Exxon Mobil shares closed higher for the first time in the […]
Read moreMay 30, 2018 9:50 am
Wells Fargo Asset Management said on Tuesday that it had appointed Eddie Cheng as head of International Portfolio Management within its Multi-Asset Solutions team. Wells Fargo’s shares closed lower for the fourth time in the past eleven trading sessions in New York on Tuesday. It has also been the steepest daily loss since March 22nd. […]
Read moreMay 30, 2018 7:18 am
Jefferies was reported to have upgraded Ford Motor Company (F) to “Buy” from a “Hold” rating previously, as it projects the auto maker to report profitability above market consensus in two years. Ford shares closed lower for a second consecutive trading session in New York on Tuesday. The stock went down 0.61% ($0.07) to $11.44, […]
Read moreMay 29, 2018 10:41 am
Blackstone Group was reported to have offered AUD 3.08 billion ($2.3 billion) for the acquisition of Investa Office Fund (IOF) in an attempt to deepen its exposure to commercial property in Australia. Blackstone shares closed higher for a second consecutive trading session in New York on Friday. The stock edged up 0.38% ($0.12) to $31.92, […]
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