AIG net loss widens in Q4-2016, misses EPS estimates
Hit by a multi-billion charge, the global insurance company American International Group Inc. (NYSE: AIG) posted a fiscal 2016 fourth-quarter loss that widened from the prior year’s similar quarter. The company also missed analysts’ estimates by a wide margin. The
Read MoreWalt Disney misses Q1-2017 view, gets downgraded by Vetr
Last week, media and entertainment company Walt Disney (NYSE: DIS) reported fiscal 2017 first-quarter earnings that beat analysts’ estimates. However, the stock, which recorded a 12-month high of $111.99 on the February 1st , failed to appreciate further. At the
Read MoreMasterCard beats Q4 EPS view, Vetr upgrades stock
Last week, the stock of Credit card provider MasterCard Inc. (NYSE: MA) tumbled to a low of $103.96, after reporting a lower-than-anticipated fiscal 2016 fourth-quarter revenue. The company, however, recorded a 9.5% and 9% growth in Q4 revenues and earnings,
Read MoreAlphabet Q4 earnings miss view on $586 million charge
The parent company of Google, Alphabet (NASDAQ: GOOG), reported fiscal 2016 fourth-quarter earnings that missed analysts’ estimates by a margin of 28 cents. Following the results, investors sold their positions in the stock. Since Friday, the stock has lost about
Read MoreMcDonald’s beat Q4-2016 view, global comp sales rise 2.7%
Between May and October’16, the stock of renowned fast food chain operator McDonald's Corp (NYSE: MCD) fell from a high of $131.94 to a low of $110.81. Analysts attributed the decline to increased competition and fall in the same store
Read MoreLow cost deposits, rising interest rate keeps BoA bullish
The Bank of America (NYSE: BAC), the second largest bank by assets in the US, reported lower than anticipated fiscal 2016 fourth-quarter revenues. However, that did not deter the stock from recording a new 12-month high of $23.41. One of
Read MoreOverbought F5 Networks signals reversal ahead of results
The stock of internet traffic and content management solutions provider F5 Networks Inc. (NASDAQ: FFIV) recorded a yearly high of $148.34 in the second-half of December. This amounts to a gain of 49.3% y-o-y. This is truly spectacular because the
Read MoreCitigroup remains bullish on attractive valuations
The stock of Citigroup Inc (NYSE: C) recorded a 12-month high of $60.91 last week. Several funds, including HGK Asset Management Inc. and Wasatch Advisors Inc, used the ‘Trump’ rally to reduce their holdings. The banking and insurance sector was
Read MoreGeneral Motors turn bullish on expansion plans
The news of a possible fine by the Chinese authorities, on an unnamed US automobile manufacturer for monopolistic attitude, dragged the share price of Detroit-based General Motors Company (NYSE: GM) to a low of $35.80. However, the details presented below
Read MoreSears signals downtrend as hope of turnaround fades
Last week, Sears Holding Corporation (NASDAQ: SHLD), the owner of Sears and Kmart, reported its fifth consecutive quarter of dismal results. The loss widened in the third-quarter, compared with the similar period last year. However, the reported loss was below
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