Archive

Successful Divestment of Financial Arm turns GE Bullish

  The shares of 124-year old company, General Electric (NYSE:GE) has caught the market’s attention once again. The foremost reason is the company’s move towards its industrial roots and the second one is the fiscal 2016 first-quarter earnings, which beat

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AMD Shares Surge On Announcement of Chinese JV

  The shares of chip maker Advanced Micro Devices, Inc. (NASDAQ:AMD) increased 52.29% to $3.99 on Friday. The main reason for such a steep rise in the share price is the announcement of a joint venture with a Chinese company

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Alphabet turns bearish as Earnings Miss Estimates

  Alphabet, Inc (NASDAQ:GOOG), the parent company of Google, has missed the earnings estimate of analysts in eight out of twelve past earnings reports. It was no different this time. The company missed the fiscal 2016 first-quarter revenue and earnings

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CAD Signals Downtrend on Trimmed GDP Forecast

  Last week, the Canadian dollar continued its impressive run against the Euro. The EURCAD currency pair touched a low 1.4198, before closing at 1.4212 on Friday. It now seems like Canadian dollar has become absolutely bullish against the Euro

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Plans to Increase Per User Revenue Turns Twitter Bullish

  The share price of online social networking service Twitter (NYSE:TWTR) is once again gathering steam. After hitting the 12-month low of $13.91 in February, 2016, the share price of Twitter has increased about 20% to $17.40. Two days before,

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Transocean Bullish on Returning to Profit in Q4

  The share price of offshore driller Transocean (NYSE:RIG) has increased more than 21% to 10.68 in the past one week. On the other hand, crude remained weak most of the time last week. The contradicting move is mainly because

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Hewlett Packard Bullish on Strong Q1 2016 Results

  Following the split of Hewlett-Packard in last October, the share price of both the newly created entities, Hewlett Packard Enterprise (NYSE:HPE) and HP Inc. (NYSE:HPQ), went down by 32% and 27% respectively. However, starting February, the shares of HP

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The Loonie Signals a Reversal as IMF Slashes Outlook

  Following the recovery in the price of crude oil, in little over three months, the Canadian dollar strengthened from 1.46896 to 1.28850 against the US dollar. The downtrend in the USDCAD currency pair was also aided partially by the

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Chesapeake Energized by Retention of Credit Line

  The share price of oil and natural gas producer Chesapeake Energy Corp (NYSE:CHK) rose 34.44% to $6.05 on Tuesday. The main reason for the rise in share price was the amendment of a secured revolving credit agreement by the

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Strong Demand keeps Barrick Gold Bullish

  Yesterday, the share price of Barrick Gold Corp. (NYSE:ABX) broke the 52-week high and closed at $16.35. This has raised speculation that the shares would hit new 12-month highs in the days ahead. However, before entering a trade, it

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