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
Read MoreBaidu 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
Read MoreF5 Networks remain bullish on upbeat Q4 view
Application Delivery Network (ADN) technology provider F5 Networks, Inc. (NASDAQ: FFIV) saw its shares record a new 12-month high of $127.13, following the release of fiscal 2016 third-quarter results that surpassed the analysts’ expectations. However, the stock, which closed at
Read More102% rise in Azure revenue turns Microsoft bullish
Even after reporting a 7% decline in the fiscal 2016 fourth-quarter revenue, the share price of Microsoft Corporation (NASDAQ: MSFT) continues to remain bullish. The stock, which closed at $56.21 on Friday, recently hit a 12-month high of $58.70. It
Read MoreNike signals bearishness post-Rio Olympics
As the curtain was drawn on the Rio Olympics, there was one stock which caught the market’s attention. It was Nike, Inc. (NYSE: NKE), the renowned sportswear and apparel manufacturer. During the first three weeks of August, the share price
Read MoreIntuit swings to loss in Q4, issues poor Q1 FY17 view
Tax preparation software provider Intuit Inc. (NASDAQ: INTU) reported a swing to a loss in the fiscal 2016 fourth-quarter, compared to the prior year’s similar period. The market participants were not impressed even after the company’s earnings and revenue topped
Read MoreAnalog Devices tops Q3 view, issues strong Q4 outlook
Aided by a 23% year-over- year gain in the Communication segment revenue, the fiscal 2016 third-quarter earnings and revenue of the semi-conductor manufacturing company Analog Devices, Inc. (NASDAQ: ADI) topped the Wall Street estimates. Based on the strong fourth-quarter revenue
Read MoreBroadridge remains bullish on strong FY17 growth outlook
Investor communication solutions provider Broadridge Financial Solutions, Inc. (BR) reported a rise in the fiscal 2016 fourth-quarter revenue and earnings, compared to the similar period last year. However, the Q4 earnings and revenue respectively met and missed the analysts’ expectations.
Read MoreAmerisourceBergen tops Q3 estimates, raises FY16 EPS view
On expectations of impressive third-quarter performance, beginning June 2016, the shares of the drug wholesale company AmerisourceBergen Corporation (NYSE: ABC) started rising from 12-month low of $73.30. The company did not let down the investors. Last week, AmerisourceBergen, formed by
Read More3M misses Q2 rev. estimates, slashes FY16 rev. outlook
Tougher business conditions continue to impact the performance of several well known multinational companies. The latest addition to that list is 3M Company (NYSE: MMM). The renowned manufacturer of post-it products reported lackluster fiscal 2016 second-quarter revenue that missed the
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