IBM 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

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BP 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

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Decline 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

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AIG 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.

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Bank 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

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Intel 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

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Volvo 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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AIG valuations to rise on improved performance

Multinational insurance corporation American International Group Inc. (NYSE: AIG) reported the lowest second-quarter operating income in the aftermath of the 2008 credit crisis. However, it did not deter the investors from pushing the share price by about 10% to $59.80

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Attractive valuations signal further uptrend in Citigroup

In the first two months of 2016, the share price of the banking and financial services corporation Citigroup Inc. (NYSE: C) fell nearly 30% to touch a low of $36.98. However, improved performance in the last two quarters enabled the

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Baidu remains weak on loss of rev. from healthcare advt.

After rallying nearly 24% to $197.80 in less than two months, the share price of Chinese search engine company Baidu, Inc. (NASDAQ: BIDU) is showing signs of weakness. The stock closed Monday’s trading session at $188.86. The rally was mainly

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