General 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
Read MoreCiti turns weak on Jefferies downgrade
The impressive fiscal 2016 third-quarter results that topped the analysts’ estimates enabled the banking and finance institution Citigroup Inc (NYSE: C) to rally by $10, or about 20%, to hit a high of $56.72 in the last week. The current
Read MoreIBM turns weak as Australian authorities slap $30M fine
Following the impressive third-quarter results that beat the analysts estimates, last week, the stock of International Business Machines (NYSE: IBM) hit a 12-month high of $164.50 on Monday. Considering the impressive Q3 results, a trader should purchase the stock on
Read MoreBP tops Q3 estimates, aims $7 billion in cost savings
On November 1, the oil and gas company BP Plc (NYSE: BP) reported fiscal 2016 third-quarter results that beat analysts’ estimates by a wide margin. The company had reported a loss in the previous three quarters. Ironically, the stock lost
Read MoreDecline in Q3 revenue turns AMEX weak
Following the report of fiscal 2016 third-quarter results that went past the analysts’ estimates, the share price of American Express Company (NYSE: AXP) rallied to close at $72.42 on Monday. The reaffirmation of fiscal 2017 outlook and the raise in
Read MoreAIG turns bearish on missing Q3 earnings estimates
Anticipating a turnaround in the operations, on October 10, we had suggested purchasing a one touch call option in the stock of American International Group Inc. (NYSE: AIG). We had also advised to select a target price less than $63.
Read MoreBank of America turns bullish as Q3 results top estimates
Despite the low interest rate environment, cost cutting measures enabled the Bank of America Corp (NYSE: BAC) to report strong and impressive fiscal 2016 third-quarter results. The second largest US bank in the US reported third-quarter 2016 net income of
Read MoreIntel turns weak on soft Q4 revenue outlook
The share price of chip maker Intel fell 3% during the extended trading session on Tuesday last week, even after reporting fiscal 2016 third-quarter earnings that beat analysts’ estimates. Surprisingly, the seemingly successful transformation of the company to cloud computing
Read MoreVolvo turns bullish on rising worldwide demand
Following the fiscal 2016 second-quarter results that topped the analyst expectations, the stock of automobile manufacturer Volvo (OTC: VLVLY, SS: VOLVB) has risen by about 20% to $10.93. The company is expected to report its fiscal 2016 third-quarter results on
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