Five below turns bullish on strong Q2 & FY16 outlook
Last week, speciality value retailer Five Below, Inc. (FIVE) announced its fiscal 2016 first-quarter earnings and revenue that surpassed the Wall Street estimates. The results took the share price to a new 12-month high of $45.36. While the rationale behind
Read MoreEuropean Stock Markets Jittery From Fears Of Possible Brexit
Stock markets in Europe are witnessing a declining trend as concerns grow around global growth prospects against the background of weak manufacturing data, the Brexit referendum in Britain and the upcoming European Central Bank (ECB) policy meeting. Mining stocks fell
Read MoreJinko Solar beats Q1 estimates, issues strong Q2 outlook
Last week, solar power panel manufacturer Jinko Solar Holding Co., Ltd. (JKS) reported an exceptional fiscal 2016 first-quarter earnings and revenue that surpassed the analysts’ estimates by a huge margin. However, the share price is yet to see an uptrend.
Read MoreGameStop beats Q1 earnings estimates, turns bullish
Video game retailer GameStop Corp. (GME) reported better than expected earnings for the first-quarter of fiscal 2016. The revenue met the analysts’ estimates. However, due to weak second quarter outlook, the shares of GameStop fell 3.94% to close at $28.80
Read MoreViacom turns bullish on prospects of management change
The CEO of Media and entertainment giant Viacom, Inc. (VIAB), Philippe Dauman, filed a lawsuit in the Commonwealth of Massachusetts Probate and Family Court to get a stay against his ousting by his mentor and media mogul Sumner Redstone who
Read MoreApplied Materials beats Q2 earnings; Turns bullish
Applied Materials, Inc. (AMAT), the world’s largest supplier of tools to the manufacturers of semiconductor chips, reported its fiscal 2016 second-quarter earnings and revenue that beat analysts’ estimates. The share price, which closed at $22.66 on Friday, is expected to
Read MoreRBS Prepares To Withdraw From Indian Market
British bank, the Royal Bank of Scotland NV (RBS) has initiated the process of winding up its operations in India. The bank had announced in February 2015 that it was withdrawing from the country and would retain only its back
Read MoreSymantec remains bearish on gloomy Q1 and FY17 outlook
Data security solutions provider Symantec Corporation (SYMC) announced its fiscal 2016 fourth-quarter earnings and revenues that missed analysts’ estimates. Following the results, the shares of Symantec went downhill to record a new 12-month low of $16.14. Considering the competition and
Read MoreTop Economists Urge Governments To Do Away With Tax Havens
Leading UK charity Oxfam has put together a letter based on feedback from over 300 of the top economists and sent it to world leaders urging them to do away with tax havens as they propagate income inequality. The group
Read MoreCare Capital turns bullish on impressive FY2016 outlook
Care Capital Properties (CCP) reported a decline in the fiscal 2016 first quarter funds from operations (FFO), compared to the prior year similar period. The FFO data is the most watched after data as far as a real estate investment
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