Business


Amazon Sales Jump 25% But Profits Disappoint Amazon Sales Jump 25% But Profits Disappoint
- July 29, 2017

The outlook underscored the high cost of Amazon's business model, which delivers big sales gains and ploughs a chunk of that money back into the company by hiring workers, expanding its footprint and launching new products. Excluding the $502 million unfavourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales of the company increased 26 per cent compared with second quarter 2016. (more...)
Amazon sales soar as profits fall in expansion push Amazon sales soar as profits fall in expansion push
- July 29, 2017

Even if Amazon's stock fell as the day went on, the company has been trading at a record high - its shares hit $1,083.31 (£826) at about noon on Thursday. His wealth has followed the meteoric rise of Amazon's stock. "It's energising to invent on behalf of customers, and we continue to see many high-quality opportunities to invest", said Jeff Bezos , Amazon founder and CEO. (more...)
Exxon -2% as Q2 earnings miss expectations Exxon -2% as Q2 earnings miss expectations
- July 29, 2017

Lee R. Raymond who owns 3,640,879 shares (0.09% of those outstanding), whilst Rex W. Tillerson holds 2,618,856 (0.06% of shares outstanding) and Mr. Stephen D. TD Securities has "Hold" rating and $94 target. Moreover, Denali Advisors Ltd Com has 0.6% invested in Exxon Mobil Corporation (NYSE: XOM ) for 38,001 shares. (more...)
Somewhat Favorable Press Coverage Likely to Affect Caterpillar (CAT) Share Price
- July 29, 2017

The Firm focuses on two regions of the United States: the Northern Region and the Southern Region (primarily in Texas and Louisiana). The Firm conducts exploration and production activities in North America's hydrocarbon resource plays. Let's talk about the gap between analyst price targets for the next 12 months and Caterpillar Inc . Therefore 67% are positive. Caterpillar Inc . (more...)
(MRK) Lifts Revenue Outlook As Q2 Earnings Beat Estimates (MRK) Lifts Revenue Outlook As Q2 Earnings Beat Estimates
- July 29, 2017

It now has negative earnings. S. J. Carlo Cannell increased its stake in Merck & Co Inc ( MRK ) by 4.65% based on its latest 2016Q4 regulatory filing with the SEC. Therefore 45% are positive. The stock has "Hold" rating by Jefferies on Thursday, July 14. (NYSE:MRK) for 41,477 shares. Stock of Merck & Co., Inc. (more...)
RMB Capital Management LLC Acquires 10400 Shares of Corning Incorporated (GLW)
- July 29, 2017

It has outperformed by 41.56% the S&P500. LaSalle Street Capital Management LLC reduced its stake in shares of Corning Incorporated (NYSE: GLW ) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). (more...)
TX Holds Stake in Goldman Sachs Group, Inc. (The) (NYSE:GS)
- July 29, 2017

Overall, the share price is down -7.18% year to date. It has underperformed by 3.77% the S&P500. The New York-based Highbridge Cap Ltd Liability has invested 0.01% in Nelnet, Inc. Therefore 46% are positive. Goldman Sachs BDC Inc had 15 analyst reports since August 7, 2015 according to SRatingsIntel. UBS has "Neutral" rating and $180 target. (more...)
Newmont Mining Corporation (NEM) PT Raised to $55.00 at Scotiabank Newmont Mining Corporation (NEM) PT Raised to $55.00 at Scotiabank
- July 29, 2017

The stock declined 0.08% or $0.03 reaching $36.41 per share. 4,348,114 shares of the company traded hands. By having an overview of the Income statement for Newmont Mining Corp (NYSE:NEM) the Revenue for the trailing twelve months is 6.91 Billion. (more...)
Starbucks will close its Teavana mall-based tea stores
- July 29, 2017

The all-cash deal will see Starbucks buy the remaining 50% stake it does not already own, in the firm's fastest-growing market outside of the US. On Thursday, Starbucks CEO Kevin Johnson noted declining foot traffic at malls . Dunkin' Donuts Inc., a major Starbucks rival in the USA, has a much smaller presence in China. Additionally, Starbucks produces and sells bottled Frappuccino coffee drinks and a line of premium ice creams through its joint venture partnerships. (more...)
Flagship Harbor Advisors LLC Invests $204000 in Welltower Inc. (NYSE:HCN)
- July 29, 2017

Several large investors have recently added to or reduced their stakes in the company. Finally, Advisory Services Network LLC acquired a new stake in Welltower during the first quarter valued at approximately $129,000. The Return on Equity (ROE) value stands at 8.6%. As of the end of the quarter Moloney Securities Asset Management, LLC had bought a total of 158 shares growing its holdings by 0.8%. (more...)
Pace of Economic Growth Jumped in Second Quarter, to 2.6 Percent Pace of Economic Growth Jumped in Second Quarter, to 2.6 Percent
- July 29, 2017

That could put the Federal Reserve in a tight spot as it looks to raise interest rates one more time this year. Last week, the International Monetary Fund lowered its USA growth forecast for this year and next because of "uncertainty" over the timing and size of Trump's policies. (more...)
Trump's economic advisor Gary Cohn considered as possible next Fed chair Trump's economic advisor Gary Cohn considered as possible next Fed chair
- July 29, 2017

Cohn has been leading the search for the next Fed leader. Cohn is director of the National Economic Council , a job he took after almost three decades working at Goldman Sachs . But he said of Yellen in the latest interview, "I like her demeanour". The former Goldman Sachs Group Inc. executive has indicated that he's happy in his current position. (more...)
British American Tobacco plc (BATS) Receives Hold Rating from Whitman Howard British American Tobacco plc (BATS) Receives Hold Rating from Whitman Howard
- July 29, 2017

They now have a Dollars 72 price target on the stock. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. From the start of the calendar year, shares have been 23.99%. In early morning trade, BAT shares were up 1.9%, or 109p at 5,425p. The brokerage now has a neutral rating on the stock. (more...)
Woman's dog mistakenly euthanized at Texas animal shelter Woman's dog mistakenly euthanized at Texas animal shelter
- July 29, 2017

Animal Rescue Corps took custody of nine adult dogs and 13 puppies from the Senatobia-Tate County Shelter. "The most common signs are vomiting, diarrhea, not wanting to eat or having a fever, which if the dog feels very warm to your touch, that's usually a sign of a fever", said Bradburn. (more...)
Today Analysts Focus on McKesson Corporation (MCK), Digital Realty Trust, Inc. (DLR)
- July 29, 2017

In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. Amica Retiree Medical Trust acquired 17,221 shares as Piedmont Office Realty Trust ( PDM)'s stock declined 3.76%. (more...)
Signing Gareth Bale will turn Manchester United into overwhelming title favourites Signing Gareth Bale will turn Manchester United into overwhelming title favourites
- July 29, 2017

Real Madrid coach Zinedine Zidane says he hopes to keep Gareth Bale , Karim Benzema and Cristiano Ronaldo at the club, while remaining coy over their chances of signing Monaco's Kylian Mbappe . United could have a front four that could involve Romelu Lukaku , Henrikh Mkhitaryan , Marcus Rashford , and Bale. " It's a ridiculous, stupid story ", he said to BBC Sport . (more...)
Dunelm Group (LON:DNLM) Recent Analyst Updates Dunelm Group (LON:DNLM) Recent Analyst Updates
- July 29, 2017

The rating was upgraded by Raymond James on Friday, January 13 to "Strong Buy". The rating was maintained by JP Morgan with "Overweight" on Friday, July 22. (NASDAQ:WEYS). Blackrock Advsr Lc holds 0% or 3,532 shares in its portfolio. In a research report issued on 18 July, Exane BNP Paribas reconfirmed their Outperform rating on shares of IMI. (more...)
Lincluden Management Ltd. Purchases Shares of 76720 Teck Resources Ltd (NYSE:TECK)
- July 29, 2017

The company saw 5.27 million shares trade hands over the course of the day. Walleye Trading Llc sold 24,282 shares as Teck Resources Ltd (TCK)'s stock 0.00%. Eidelman Virant Cap reported 2.1% stake. 642,321 are held by Comm Fincl Bank. Tokio Marine Asset Management Limited stated it has 2,489 shares or 0.04% of all its holdings. (more...)
L&T Q1 net profit jumps 46 pc to Rs 892 crore L&T Q1 net profit jumps 46 pc to Rs 892 crore
- July 29, 2017

The company had posted net profit of Rs 682.81 crore in the corresponding period a year ago. Rs 26,352 crore during the quarter of which worldwide orders comprised or Rs 7,885 crore. MD and CEO of L&T S N Subrahmanyan (right) with Chief Financial officer of L&T R Shankar Raman announcing the Q1 results in Mumbai on Friday. The company had also stated during the March quarter that the revenue growth for the fiscal is likely to be about 12% plus or minus 1%. (more...)
Fiat Chrysler Automobiles NV (NYSE:FCAU) Reviewed By Analysts Fiat Chrysler Automobiles NV (NYSE:FCAU) Reviewed By Analysts
- July 29, 2017

Bank of America Corporation restated an "underperform" rating and issued a $9.00 price target (down from $10.00) on shares of Fiat Chrysler Automobiles N.V.in a research note on Friday, June 16th. (NYSE:FCAU) last posted its quarterly earnings results on Wednesday, April 26th. The company had revenue of $27.72 billion during the quarter, compared to the consensus estimate of $27.51 billion. (more...)
Dow hits a new high as United States stocks close mostly lower Dow hits a new high as United States stocks close mostly lower
- July 29, 2017

The second-quarter pickup in growth follows a stumble in the first three months of the year, when GDP grew at a 1.2% pace. Latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the second quarter of 2017 are expected to rise 10.8 per cent year on year, while the revenues are forecast to increase 5.0 per cent. (more...)
Brokers Issue New Targets On Realty Income Corporation (NYSE:O)
- July 29, 2017

OppenheimerFunds Inc. owned 0.16% of Silver Bay Realty Trust Corp as of its most recent SEC filing. A number of hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Unilever NV by 0.6% in the first quarter. This represents a $2.02 annualized dividend and a yield of 4.12%. (more...)
Cook County sweetened beverages tax to take effect Aug 2 Cook County sweetened beverages tax to take effect Aug 2
- July 29, 2017

County Board President Toni Preckwinkle said in a statement "the tax should be collected at the consumer level beginning on Aug 2". A sweetened beverage tax will take effect in Chicago on Wednesday after an IL judge threw out a lawsuit by retailers that argued the measure was vague and unlawful. (more...)
Buckingham Research Reiterates Buy Rating for Morgan Stanley (NYSE:MS) Buckingham Research Reiterates Buy Rating for Morgan Stanley (NYSE:MS)
- July 29, 2017

FTB Advisors Inc. now owns 2,605 shares of the financial services provider's stock worth $112,000 after buying an additional 196 shares in the last quarter. The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Morgan Stanley (NYSE:MS)'s stock had its "buy" rating reissued by equities researchers at Buckingham Research in a report issued on Monday, July 10th. (more...)
$0.09 Earnings Expected For Cypress Semiconductor Corporation (NASDAQ:CY)
- July 29, 2017

Insiders own 1.60% of the company's stock. Segantii Capital Management Ltd acquired a new position in shares of ON Semiconductor Corp during the first quarter worth $101,000. Jpmorgan Chase & Communication has 0% invested in Magnachip Semiconductor Corp (NYSE:MX) for 22,199 shares. Cypress Semiconductor Corporation (NDAQ:CY) has risen 39.45% since July 28, 2016 and is uptrending. (more...)