January 23, 2019 10:25 am
Shares of Nike Inc (NKE) registered an intraday high unseen in 15 weeks on Tuesday, after Cowen raised its rating on the stock from “Market Perform” to “Outperform”, as product innovation is expected to continue bolstering the athletic footwear and apparel manufacturers margin. The investment banking firm also revised up its price target on the […]
Read moreJanuary 23, 2019 8:09 am
Logitechs revenue and earnings for the third quarter of fiscal year 2019, reported on Monday, surged past Wall Street estimates. The company also raised its full-year earnings forecast. Logitech shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up 0.78% ($0.26) to $33.70, after touching an intraday high […]
Read moreJanuary 22, 2019 9:33 am
Last week Citigroup Inc (C) disclosed that its female employees were paid 29% less than men on a global median basis. Citigroup shares closed higher for an eighth consecutive trading session in New York on Friday. The stock went up 1.04% ($0.65) to $63.12, after touching an intraday high at $63.19, or a price level […]
Read moreJanuary 21, 2019 10:58 am
Last week FedEx Corp (FDX) said it expected to incur up to $575 million in charges related to voluntary cash buyouts, which it started to offer to particular employees based in the United States. FedEx shares closed higher for a third consecutive trading session in New York on Friday. It has also been the sharpest […]
Read moreJanuary 21, 2019 8:30 am
According to a report by Reuters, citing a ruling by a German court, Apple Inc (AAPL) has been ordered to discontinue using part of a press release, which states that all iPhone models would be available in the European country via resellers and carriers. In December, Apple was prohibited to sell its iPhone 7 and […]
Read moreJanuary 18, 2019 10:03 am
Morgan Stanley’s (MS) fourth-quarter revenue and earnings, reported on Thursday, fell short of Wall Street estimates, after heightened market volatility at the end of 2018 adversely affected the bank’s revenue from trading, underwriting, wealth management and asset management. Morgan Stanley shares closed lower for the third time in the past ten trading sessions in New […]
Read moreJanuary 17, 2019 11:17 am
Goldman Sachs Group Incs (GS) fourth-quarter revenue, reported on Wednesday, exceeded Wall Street estimates, since strong results in equities trading as well as in merger and acquisition (M&A) advisory mitigated a drop in bond trading revenue. Goldman Sachs shares closed higher for a fourth consecutive trading session in New York on Wednesday. It has also […]
Read moreJanuary 17, 2019 8:21 am
Bank of America Corps (BAC) fourth-quarter earnings, reported on Wednesday, surged past Wall Street estimates, as higher US interest rates in 2018 and a healthy jobs market facilitated a surge in interest income as well as loan growth. Bank of America shares closed higher for a fourth consecutive trading session in New York on Wednesday. […]
Read moreJanuary 16, 2019 10:55 am
J.P. Morgan Chase & Cos (JPM) fourth-quarter profit, reported on Tuesday, fell short of Wall Street estimates, as a drop in bond trading revenue and an increase in expenditures weighed. J.P. Morgan Chase shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.73% ($0.74) to $101.68, […]
Read moreJanuary 16, 2019 7:40 am
Yesterday Delta Air Lines Inc (DAL) said that it projected a further slowdown in revenue growth per mile flown during the first quarter due to an impact from the partial US government shutdown, which entered its 26th day on Wednesday. Delta Air shares closed higher for the sixth time in the past ten trading sessions […]
Read more