Markets
Twitter (TWTR) Stock: Flying On Strong Earnings!
There's no indication that Twitter benefited from changes to Facebook's algorithm, said Brian Wieser, an analyst from Pivotal Research who downgraded Twitter to a "sell" rating Thursday despite the strong quarter. Twitter outperformed during the fourth quarter on news of its first quarterly profit . Looking ahead, Twitter , forecast Q1 adjusted EBITDA to be between $185 million and $205... [Full Article...]
SoftBank plans phone unit IPO as Masayoshi Son shifts focus to deals
Softbank reported its latest earnings results Wednesday, which showed profits in the final three months of 2017 - the company's Q3 fiscal quarter - surged to JPY912.3 billion from JPY80.3 billion in the same period a year earlier. "With the IPO of SoftBank's Japan operations, the various parts of the company can continue to grow independently", he said. Quarterly sales rose 3.9% to 2.4 trilli... [Full Article...]
Hospitality Properties Trust Plans Quarterly Dividend of $0.52 (NASDAQ:HPT)
Home Depot Inc now has $224.96B valuation. Prudential Financial Inc. now owns 5,562,595 shares of the real estate investment trust's stock valued at $73,037,000 after acquiring an additional 1,241,797 shares during the last quarter. Cornerstone Advsr holds 0.74% or 132,972 shares in its portfolio. Renaissance Techs Limited Company, a New York-based fund reported 41,400 shares. The Australia-based ... [Full Article...]
Selloff Continues: Dow Plummets More Than 1000 Points; S&P Sinks 3.75 Percent
That added to expectations that the world's major central banks are now firmly on course to wind down the emergency stimulus they have pumped through the financial system since 2009, driving an nearly decade-long stock market rally. "That certainly adds some increased volatility for market participants". Stock markets in Europe have tumbled at the open following the routs on Wall Street an... [Full Article...]
Strong growth for XPO Logistics
Scotia Capital maintained Concordia International Corp. (NASDAQ:FB) was sold by Zuckerberg Mark on Friday, September 29. Seaport Global maintained it with "Buy" rating and $100.0 target in Tuesday, January 2 report. 76 funds opened positions while 114 raised stakes. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company's stock valued at $232,119,000 after buying a... [Full Article...]
Lookout for Price Target? Gentex Corporation (GNTX), Cardinal Health, Inc. (CAH)
Cardinal Health, Inc. was covered by a number of analysts recently, 0 rated the stock as Buy, 15 rated Hold, 0 rated sell and 1 gave an Underperform. About 4.53M shares traded or 29.47% up from the average. VFC's profit will be $399.10 million for 20.09 P/E if the $1.01 EPS becomes a reality. Investors sentiment increased to 1.08 in Q3 2017. Its up 0.03, from 0.87 in 2017Q2. [Full Article...]
Sensex plunges 407 pts, Nifty near 10450; private banks bleed most
USA markets remained the epicentre of the global selloff, with the Dow plunging 4.1 per cent overnight. With the volatility continuing to hound equity markets, USA index the Dow Jones Industrial Average plunged 4.2 per cent, the broad-based S&P 500 plummeted 3.8 per cent and the Nasdaq Composite Index sank 3.9 per cent. [Full Article...]
Tesla to launch earnings as scrutiny grows
For that matter, it might not have been Musk's auto at all. "And I think the imagery of it is something that's going to get people excited around the world", Musk said. So, for now, "it's all hands on deck for Crew Dragon", Musk said. The asteroid belt lies between the orbits of Mars and Jupiter as they circle the Sun. [Full Article...]