August 15, 2017 3:31 pm
As reported by Business Insider, in a SEC filing on August 14th Warren Buffetts Berkshire Hathaway revealed it had sold its entire stake in General Electric Company (GE) during the second quarter. General Electric shares closed higher for the second time in the past six trading sessions on Monday. The stock went up 0.63% ($0.16) […]
Read moreAugust 14, 2017 8:52 am
According to an August 11th statement by JP Morgan Asset Management, the costs of paying brokers for doing investment research are to be absorbed by the firm rather than passed on to customers, once the changes to European regulatory framework come into force in 2018. JP Morgan Chase shares closed lower for a fourth consecutive […]
Read moreAugust 14, 2017 7:18 am
According to an August 11th statement by the US Department of Defense, an $8 billion contract for global logistics support services associated with special operations forces has been awarded to Lockheed Martin Corporation (LMT). Lockheed Martin shares closed higher for the tenth time in the past eleven trading sessions on Friday. The stock edged up […]
Read moreAugust 11, 2017 10:24 am
Macy’s Incs (M) second-quarter comparable sales, reported on August 10th, dropped at a lesser rate than expected. However, the companys net revenue shrank more than what analysts on average had anticipated. Macy’s shares closed lower for a third consecutive trading session on Thursday. It has also been the sharpest daily loss since May 11th. The […]
Read moreAugust 11, 2017 8:08 am
Intel Corporation (INTC) reportedly intends to release its 12-core Core i9-7920X gaming and PC processor at the end of August. At the same time, in order to respond to AMD’s Ryzen Threadripper launches, Intel is to release 14-, 16-, and 18-core variations of the Core i9-7920X on September 25th. Intel shares closed lower for the […]
Read moreAugust 11, 2017 6:45 am
According to a note by Wells Fargo Securities analyst Mike Mayo, who joined the firm recently, Citigroup Incs (C) shares may double in price during the upcoming 4 to 5 years. He also expects Citigroup to achieve the best performance in terms of cost of capital and return on equity among its competitors. Citigroup shares […]
Read moreAugust 10, 2017 10:30 am
According to a recent statement by Lockheed Martin Corporation (LMT), interest by its clients in missile defense systems has increased, as North Koreas long-range missile tests reportedly continued to intensify, while heightening alert in neighboring states South Korea and Japan. Lockheed Martin shares closed higher for a ninth consecutive trading session on Wednesday. It has […]
Read moreAugust 10, 2017 8:10 am
Shares of Walt Disney Company (DIS) plunged to lows not seen in eight months during yesterdays trade, as the worlds largest entertainment company announced it would pull content from Netflix and initiate its own streaming service. However, many on Wall Street questioned the success of such an undertaking. Walt Disney shares closed lower for the […]
Read moreAugust 10, 2017 6:52 am
General Electric Companys (GE) manufacturing facility in Rochester, New York, which focuses on the assembly of electronic boards, is expected to be closed, while its operations – relocated in China. General Electric shares closed higher for the fourth time in the past six trading sessions on Wednesday. The stock went up 0.59% ($0.15) to $25.71, […]
Read moreAugust 9, 2017 10:27 am
Tesla Incs (TSLA) stock has reportedly been upgraded to a “Buy” rating by Argus, due to strong orders of the companys Model 3 vehicle. Argus also revised up its price target for the stock to $444. Tesla shares closed higher for the fourth time in the past five trading sessions on Tuesday. The stock went […]
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