Archive

Best Buy Issues Weak Q2 Outlook

  Last week, the electronic goods retailer Best Buy Co., Inc. (NYSE:BBY) reported its fiscal 2017 first-quarter earnings and revenue that exceeded analysts’ expectation by a wide margin. In spite of reporting better than expected results, the stock is hardly

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Pound to Weaken on UK Treasury’s Warning

  On May 9th, in our GBPNZD report, we had clearly stated that the market has over reacted to the Brexit issue and the currency pair would spike at any point. We had recommended purchasing a one touch call option

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Tiffany Loses Their Sparkle on Poor Q1 Earnings

  Luxury jewelry retailer Tiffany & Co. (NYSE:TIF) reported its fiscal 2016 first-quarter earnings and revenue that missed analysts’ estimates. Following the earnings report, the stock closed at $63.89 on Wednesday. Considering the downward looking fiscal 2016 revenue guidance issued

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Rise in Translarna Sales Turns PTC Therapeutics Bullish

  In the first week of May, Biopharmaceutical company PTC Therapeutics (NASDAQ:PTCT) reported a fiscal 2016 first-quarter net loss of $1.16 per share. The reported net loss was in line with the analysts’ estimates. In spite of this, the share

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Mentor Signals Weakness as Chip Industry Struggles

  Last Thursday, electronic design automation (EDA) company Mentor Graphics Corp. (NASDAQ:MENT) reported a fiscal 2017 first-quarter net loss that widened from the year-ago corresponding period. The non-GAAP earnings, however, exceeded the analysts’ estimates. On this basis, the share price

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Loonie to Decline Further on Gloomy Q2 Outlook

  When oil touched a low of about $26 per barrel in January, the Canadian dollar, which is a commodity currency, plunged to a low of 0.9809 against the Singapore dollar. However, the partial recovery in the price of crude

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ON Semiconductor’s Q1 Earnings Beat Estimates

  Last week, the electronic component manufacturer ON Semiconductor (NASDAQ:ON) reported fiscal 2016 first-quarter non-GAAP earnings of $0.17 per share. The earnings surpassed the consensus estimate of analysts by $0.02 per share. Even though the revenues were below the Wall

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Canadian Solar Turns Bullish on Q2 Outlook

  Last week, solar energy solutions provider Canadian Solar (NASDAQ:CSIQ) reported its fiscal 2016 first-quarter earnings and revenue that beat analysts’ estimates. However, the stock price has moved only a bit upwards so far. The following arguments in favor of

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Better Inventory Management Signals Nordstrom Uptrend

  High-end fashion retailer Nordstrom, Inc. (NYSE:JWN) reported fiscal 2016 first-quarter earnings that were well below the analysts’ estimates. Following the results, the share price of Nordstrom declined 13.42% to close at $39.16 on Friday. On Monday, the stock touched

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CZK to Strengthen on Strong GDP Growth Forecast

  February 2016 revealed the news of a slight slowdown in the Czech economy during Q4 of 2015. It seemed the Koruna weakened against the Japanese Yen, which spiraled upwards against all the major currencies on safe haven appeal. The

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