Archive

Aussie Strengthens on Strong Building Approvals Data

  The rate cuts declared by the Reserve Bank of Australia (RBA) on the 2nd of August weakened the Aussie against the currencies of other major economic powers such as Japan. The AUDJPY declined from a high of 78.61 to

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PVH Beats Q2 Estimates, Raises FY16 View

  American clothing company PVH Corp (NYSE:PVH), popularly known as Phillips-Van Heusen Corporation, reported a lower than anticipated fiscal 2016 second-quarter revenue. However, the earnings topped the Wall Street estimates. Even though the results are mixed, we are optimistic about

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Patterson Beats Q1 Estimates, Reaffirms FY17 EPS View

Patterson Companies, Inc. (NASDAQ:PDCO) reported a fiscal 2017 first-quarter revenue that exceeded the analysts’ estimates. However, the share price still declined as the earnings only met the Wall Street estimates. Yet, considering the reaffirmation of the strong FY17 EPS guidance

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Pound Rises on Scarcity of Bonds for Purchase Under QE

  After remaining weak for most of July, the Pound has started recovering against its rivals. Ironically, the expanded quantitative easing program is indirectly propelling the Pound against other major currencies such as the Swiss Franc. On the other side,

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Nordson Beats Q3 Estimates, Issues Strong Q4 EPS View

Dispensing equipment manufacturer Nordson Corporation (Nasdaq:NDSN) reported fiscal 2016 third-quarter results that blew away analysts’ estimates. Considering the strong fourth-quarter earnings guidance, impressive operating margin and increase in the order backlog, we believe that the share price of Nordson is

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Decline in Halifax Housing Index Turns Pound Bearish

  Mexico receives a major chunk of its revenue through the export of crude oil. However, the reversal in the price of crude oil to $48 per barrel did not assist the strengthening of the Mexican Peso against the most

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Toro Turns Bearish on Missing Q3 Revenue Estimates

  Following the report of fiscal 2016 third-quarter earnings that topped analysts’ estimates, the share price of the Toro company (NYSE: TTC), a manufacturer of lawn care products, hit a new yearly high of $98.94 last week. The revenue, however,

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Ross Beats Q2 Estimates, Raises FY16 EPS View

  The shares of discount retailer Ross Stores, Inc. (NASDAQ:ROST) recorded a new yearly high last week, following the announcement of the fiscal 2016 second-quarter results that beat Wall Street’s estimate. Considering the better than anticipated Q2 Comp sales and

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Addition of 26k Jobs in July Turns Aussie Stronger

  The Australian dollar weakened against most of the currencies including the Singapore dollar, following the RBA Governor Glenn Stevens’ admission that the Central bank is facing a Herculean task of trying to achieve the inflation target while maintaining the

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Home Depot Signals Uptrend on Raise in FY16 EPS View

  The world’s largest home improvement retailer, Home Depot Inc. (NYSE:HD), reported a 6.6% rise in their fiscal 2016 second-quarter revenue, compared to the corresponding period of 2015. The earnings and revenue were in line with the analysts’ estimate, although

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