Archive

Celanese Beats Q2 EPS Estimate, Reaffirms EPS FY16 Outlook

  Aided primarily by lower selling, general and administrative (SGA) expenses, specialty materials company Celanese Corp. (NYSE:CE) managed to post a growth in the fiscal 2016 second-quarter earnings. However, the poor performance of the Acetyl chain segment resulted in an

Read More

Aussie to Strengthen on Better Than Expected CPI Data

  On June 20th, we had recommended taking a long position in the AUDJPY pair at 77 levels with a target of about 82. Alternatively, we had suggested purchasing a one touch call option with a strike price of 80.

Read More

Biogen Tops Q2 Estimates, Raises FY16 Rev. & EPS Outlook

  Impressive growth in the sales of a multiple sclerosis drug, propelled the shares of Biogen Inc. (NASDAQ:BIIB) by about 10% to $287.35 (yesterday’s closing price) in the past week. Considering better than expected fiscal second-quarter results and raise in

Read More

BB&T Cashes on Acquisitions, Q2 Results Top Estimates

  Aided by the expansion into Lehigh valley, the $29 billion dollar financial services holding company BB&T Corporation (NYSE:BBT), reported a 17.7% rise in the fiscal 2016 second-quarter revenue compared to the corresponding period last year. In addition to this,

Read More

Aussie to Remain Weak on Low Commodity Prices

  The past two weeks saw an overall increase in the risk appetite in various financial markets around the world and the currency market was no exception to that. The first choice for investors, were currencies of commodity-based economies such

Read More

Belden’s Q2 Results Top Expectations

  The shares of Belden Inc. (NYSE:BDC) increased almost 8% in the past one week in anticipation of better than expected fiscal 2016 second-quarter results. The end-to-end signal transmission solution provider did not disappoint the market when it announced the

Read More

Attractive Interest Rates Keep Kiwi Strong

  Following the anticipated curb on the booming housing market – threatening to trigger a housing crisis similar to that of 2008 – on Tuesday, the NZDJPY declined to touch a low of 74.40. The restrictions are also seen as

Read More

First Rep. Bank Bullish on 25.6% Rise in Q2 Earnings

In spite of posting lower than expected earnings and revenue in the second-quarter of fiscal 2016, the shares of First Republic Bank (NYSE:FRC) closed at $71.10 on Monday – near the 12-month high of $73.22. The impressive financial ratios of

Read More

JPMorgan Turns Bullish as Q2 Results Top Estimates

  JPMorgan Chase & Co. (NYSE:JPM), the global financial services firm with assets of $2.4 trillion, reported its fiscal 2016 second-quarter results that topped the analysts’ estimates. Furthermore, the revenue and earnings were higher than the y-o-y quarter. As a

Read More

Mexican Peso Turns Bearish on Weakness in Crude

  In a move to curb inflationary pressure, the Bank of Mexico raised interest rates by 50 basis points to 4.25% on June 30th. The analysts and the market as a whole was expecting only a rate cut of about

Read More