July 18, 2017 11:32 am
Barclays has reportedly revised down its price target for IBM to $132 from $141, while maintaining an Underweight rating on the stock. According to analyst Mark Moskowitz, the tech firm should lower its full-year earnings guidance to under $13 per share. IBM shares closed lower for a third time in the past seven trading sessions […]
Read moreJuly 18, 2017 7:26 am
According to a report by Economic Daily News, production of all models of Apple Incs (AAPL) upcoming iPhones will probably be delayed. Mass production of the lower end iPhone 7 and iPhone 7s is to start in August, which would be a one-month delay from the companys normal schedule. Apple shares closed higher for a […]
Read moreJuly 17, 2017 9:59 am
On Friday JP Morgan Chase & Co (JPM) posted higher-than-anticipated second-quarter revenue and earnings, supported by sound loan growth and higher interest rates, which initially sent its shares up by over 1% at some point during pre-market trade. However, the bank also said that its net interest income for the full year would be below […]
Read moreJuly 17, 2017 7:42 am
Citigroup Incs (C) second-quarter earnings came in above the median analyst estimate, as trading revenue shrank at a lesser rate than initially expected and lending gained new momentum. Citigroup shares closed lower for the third time in the past five trading sessions on Friday. The stock went down 0.45% ($0.30) to $66.72, after touching an […]
Read moreJuly 14, 2017 12:59 pm
The latest forecast by Target Corporation (TGT) reportedly points to an increase in sales for the first time in five quarters due to higher customer traffic and improved sales trends. Target shares closed higher for a third consecutive trading session on Thursday. It has also been the sharpest daily surge since November 16th 2016. The […]
Read moreJuly 14, 2017 8:31 am
Facebook Inc (FB) was reported to be planning the release of a $200 wireless Oculus Virtual Reality headset in 2018. Code-named “Pacific”, this new headset will not require a smart phone or a personal computer and will be available at a competitive price compared to untethered VR headsets. Facebook shares closed higher for a fifth […]
Read moreJuly 14, 2017 6:48 am
According to a report by Fast Company, Apple Inc (AAPL) intends to introduce rear-facing 3D laser technology to one of its 2017 iPhone products in an attempt to expand further into augmented reality. It was in June, when the tech company unveiled an ARKit for developers, while, according to Seeking Alpha, hardware adjustments were still […]
Read moreJuly 13, 2017 6:37 am
American Airlines Group (AAL) was the latest carrier to revise up its passenger unit revenue forecast during the past week, which sent its shares up by more than 4%. American Airlines shares closed higher for the eighth time in the past ten trading sessions on Wednesday. It has also been the sharpest daily surge since […]
Read moreJuly 12, 2017 9:22 am
Ned Segal has reportedly been appointed as Twitters new Chief Financial Officer. The appointment is effective in late August. Segal is to replace Anthony Noto, who is to return to his role as the companys Chief Operating Officer. Twitter shares closed higher for a fifth consecutive trading session on Tuesday. It has also been the […]
Read moreJuly 12, 2017 7:20 am
Barclays has upgraded Exxon Mobil Corporation (XOM) from Equal Weight to Overweight with a price target of $94, citing recent under-performance of the stock against peers as well as the firms “leading near-term position” in the low commodity price environment. Exxon Mobil shares closed higher for the second time in the past five trading sessions […]
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