Market News
AT&T Falls Short Of Revenue Estimates, Sees Record Low Churn
IBTimes - 23 Jul 2014 23:31
(Reuters) - AT&T Inc said on Wednesday its quarterly revenue rose, but slightly less than Wall Street forecasts, as a popular offering to bill customers for devices separately from their wireless plans drew in the most c...
Facebook (FB) Stock Soars On Q2 Earnings, Revenue Up 61%
IBTimes - 23 Jul 2014 23:31
Facebook Inc. (NASDAQ:FB) announced Wednesday afternoon that its second-quarter earnings results had beat Wall Street expectations, sending the social network's stock soaring in after-market trading.
China Can Offer Little Help To Russia In Current Crisis
IBTimes - 23 Jul 2014 23:31
In the six days since Malaysia Airlines Flight 17 was brought down by a missile over eastern Ukraine, amid intensifying suspicions of Russian involvement, the European Union has struggled to reconcile its desire to sanct...
Wednesday Sector Leaders: Healthcare, Energy
Forbes - 23 Jul 2014 20:33
ooking at the sectors faring best as of midday Wednesday, shares of Healthcare companies are outperforming other sectors, up 1.0%. Within the sector, Intuitive Surgical (NASD: ISRG) and Biogen Idec (NASD: BIIB) are two o...
Is Asia-Pacific Private Equity On The Rebound?
Forbes - 23 Jul 2014 20:12
After a two-year slumber following a decade of record capital inflows, private equity (PE) in the Asia-Pacific region posted a surprisingly strong start in 2014. Investment value in the first quarter shot up to $22 billi...
Another commodity exchange, another fraud
livemint.com - 23 Jul 2014 19:53
Signs of fraudulent trading practices have emerged in another corner of the commodity markets--at Universal Commodity Exchange
Broadcom's Q2'14 Earnings: Reports Declining Wireless Revenue But Sees Continued Strength In Infrastructure, Broadband & Connectivity
Forbes - 23 Jul 2014 19:45
While Broadcom continued to witness strong growth in its broadband and infrastructure business segments, it reported a steep decline (8% sequential and 19% annual decline) in its mobile and wireless business, mainly driv...
Microsoft Earnings: Cloud Delivers Growth Yet Again
Forbes - 23 Jul 2014 19:42
Microsoft was able to buck the declining PC sales trend as its Windows original equipment manufacturing revenues grew by 3% year over year driven by strong growth in Windows OEM Pro revenue. It did show less of a lift in...
Starbucks' Earnings Preview: High Coffee Prices Coupled with Lower Input Costs to Widen Margins
Forbes - 23 Jul 2014 19:39
With coffee prices skyrocketing over the past six months, the strategy of hedging coffee prices for longer duration has given the coffee giant an edge over its competitors. In addition to this, the company's plan of vent...
Russian Defense Industry Feels Pinch Of Cut Ukraine Imports
IBTimes - 23 Jul 2014 19:31
Broken ties with Ukraine could cost Russia hundreds of millions over the next few years. The country's defense industry is highly dependent on Ukrainian imports and switching to source Russian-made equipment won't be eas...
Facebook Q2 2014 Earnings: Analysts Expect Huge Revenue For The Social Network's Second Quarter
IBTimes - 23 Jul 2014 19:31
Facebook Inc. (NASDAQ:FB) is expected to report enormous second-quarter revenue growth as the world's largest social network benefited from advertising tied to the recently completed World Cup and the introduction of its...
S&P 500 Analyst Moves: EIX
Forbes - 23 Jul 2014 18:37
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Edison International (EIX) is now the #18 analyst pick, moving up by 1 spot.
Dow Analyst Moves: GS
Forbes - 23 Jul 2014 18:36
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Goldman Sachs Group (GS) is the #30 analyst pick. Within the broader S&P 500...
Wednesday's ETF with Unusual Volume: PPH
Forbes - 23 Jul 2014 18:26
The Pharmaceutical ETF (PPH) is seeing unusually high volume in afternoon trading Wednesday, with over 377,000 shares traded versus three month average volume of about 101,000. Shares of PPH were down about 0.1% on the d...
Wednesday's ETF Movers: XBI, SOXX
Forbes - 23 Jul 2014 18:25
In trading on Wednesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 6.3% on the day. Components of that ETF showing particular strength include shares of Puma Biotechnology (PBYI), up about 291....
Wednesday Sector Laggards: Semiconductors, Computer Peripherals
Forbes - 23 Jul 2014 18:24
In trading on Wednesday, semiconductors shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Xilinx (XLNX), down about 14.3% and shares of Lattice Semiconductor (LSCC) ...
Wednesday Sector Leaders: Biotechnology, Paper & Forest Products
Forbes - 23 Jul 2014 18:23
In trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 3.2%. Leading the group were shares of Puma Biotechnology (PBYI), up about 291.1% and shares of Oncothyreon (ONTY) up about 20% ...
Cairn's oil output leaves investors thirsty
livemint.com - 23 Jul 2014 18:06Profit Expected to Dip for Starwood Hotels & Resorts Worldwide
Forbes - 23 Jul 2014 18:00
Despite an expected dip in profit, analysts are generally optimistic about Starwood Hotels & Resorts Worldwide as it prepares to reports its second-quarter earnings on Thursday, July 24, 2014. The consensus earnings per ...
Earnings Increase Expected for D.R. Horton
Forbes - 23 Jul 2014 18:00
Wall Street is high on D.R. Horton, expecting it to report earnings that are up 17% from a year ago when it reports its second-quarter earnings on Thursday, July 24, 2014. The consensus estimate is 49 cents per share, up...
Earnings for Gentex Projected to Rise
Forbes - 23 Jul 2014 18:00
Wall Street is optimistic about Gentex, which is slated to report its second quarter results on Thursday, July 24, 2014. Analysts project a profit of 48 cents a share, a rise from 36 cents per share a year ago.Over the p...
EPS Estimates Down for Chubb In Past Month
Forbes - 23 Jul 2014 18:00
Leading up to Chubb's announcement of its second-quarter earnings on Thursday, July 24, 2014 analysts have become more wary as expectations have fallen over the past month to earnings of $1.90 per share from earnings of ...