Archive

Ennis’ Q1 Results Miss Estimates, Stock Turns Bearish

  Last week, Ennis Inc. (NYSE:EBF), a manufacturer of business forms, reported a swing to first-quarter loss, from a net profit in the similar period of 2015. Since the declaration of the results, Ennis has essentially remained flat, in spite

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Pound to Rise as Brexit Fears Fade

  There is no denial that the outcome of Brexit will have an influence on the economy of the UK for years to come. However, the speculators gave no consideration to the economic strength of the UK while hitting the

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Methode Electronics’ Q4 Results Beat Estimates

  Application specific product and solutions provider Methode Electronics, Inc. (NYSE:MEI) reported its fiscal 2016 fourth-quarter results that were above the analysts’ expectations. However, the share price fell in the past two trading days. Yesterday, the share price closed at

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Commercial Metals Turn Bearish on Flat Q4 Outlook

  In spite of reporting fiscal 2016 third-quarter results that beat estimates, the shares of Commercial Metals Company (NYSE:CMC) continues to remain in a decline mode. On Monday, the share price continued its downhill ride to close at $15.71. Primarily,

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Actuant Turns Bearish on Weak Earnings Guidance

  Diversified industrial company Actuant Corporation (NYSE:ATU) reported a decline in the fiscal 2016 third-quarter earnings and net sales, compared to third-quarter last-year. However, the third-quarter results were better than the analysts’ estimates. Still, on Friday last week, the overall

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Euro to Weaken as Netherlands Hint at EU Exit

  On the 13th of June, we had recommended a short position in the EURJPY currency pair, with a 1000 pip profit target to be accomplished in a matter of one month. As clearly seen, the heightened volatility triggered by

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Sterling Tumbles After Brexit Votes

  At the referendum on Britain’s European Union (EU) membership on June 23, the Leave Camp won over the Remain Camp with 51.8% of Britons voting to leave the union. This sent a huge shockwave through global financial markets, mainly

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Clarcor Beats Q2 Estimates, Trims FY16 Margin Guidance

  Following the second-quarter results declared a week before, the shares of Filter product manufacturer CLARCOR Inc. (NYSE:CLC) continue to trade near the 12-month high of $62.84. Since January, the stock has seen a gain of about 20%. Thus, a

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Culp Remains Range-Bound on Weak Q1 Outlook

The shares of the world’s largest mattress fabrics manufacturer Culp, Inc. (NYSE:CFI) closed marginally up at $28.55 on Monday, following the announcement of the fourth-quarter earnings that met estimates. The revenue, however, was below the consensus estimate of analysts’. We

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Growth in Cloud Business Helps Oracle Beat Estimates

  The share price of Oracle Corporation (NYSE:RCL) has gained about 2.50% in the last two trading days, after it reported the fiscal 2016 fourth-quarter revenue that was higher than the Wall Street estimates. Most analysts and traders believe that

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