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3M Beats 1Q17 Estimates, Raises FY17 EPS Outlook

  The stock of adhesive product manufacturer 3M Company (NYSE: MMM) hit a 12-month high of $195 last week. In the past three months, the stock has appreciated by about 10.41%. The uptrend seen on Tuesday was mainly due to

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Yen Weakens as Uncertainty Over French Election Decreases

  In the past few weeks, the Yen was in great demand due to two main reasons. Firstly, it was the rise of nationalist parties and ultra-left candidates in the French election. The second reason is the large scale short

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JNJ Signals Uptrend on Attractive Valuations

  To the surprise of investors and even speculators, the stock of consumer and pharmaceutical product manufacturer Johnson & Johnson (NYSE: JNJ) lost about 3% to close at $121.72 on April 18th. The steep drop in the share price was

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Oversold Goldman Sachs Signals Reversal on Q1 EPS Growth

  The stock of investment banking giant Goldman Sachs Group (NYSE: GS) plunged last week to $213.2, from a high of $248.68, following the report of fiscal 2017 first-quarter results that missed Wall Street estimates. The market was mainly disappointed

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Strong Rise in Dairy Prices Turns Kiwi Dollar Bullish

  The New Zealand dollar was a notable gainer against the Yen last week. Strong inflation data from New Zealand pushed the Kiwi dollar upwards. On the other hand, narrowed trade surplus in March turned the Yen weaker. The NZDJPY

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Netflix Misses 1Q17 Subscriber Addition Estimates

  Earlier this week, on-demand video service provider Netflix Inc. (NASDAQ: NFLX) reported fiscal 2017 first-quarter earnings that beat analysts’ estimates. Additionally, the revenues were in line with the market’s expectation. Following the results, the stock has lost about $8

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Upcoming French Election Keeps the Euro Weak

  The strong ZEW economic sentiment data from the Euro zone coupled with poor US retail sales and inflation data aided a rally in the Euro dollar in the past few trading sessions. The Euro was particularly strong against the

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P&G Hikes Dividend for 61st Consecutive Year

  The American multinational FMCG company Procter & Gamble Co (NYSE: PG) is slated to report its fiscal 2017 third-quarter earnings on April 26th. Last week, as anticipated, the company raised its quarterly dividend by 3%. Other than a raise

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Moody’s Rating Upgrade Turns Petrobras Bullish

  After getting hammered to a low of about $3 on account of the corruption scandal, the stock of Brazil’s largest company, Petroleo Brasileiro S.A. (NYSE: PBR), commonly referred to as Petrobras, has more than tripled in the past one

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Aussie Rises on Strong Energy, Resources Export View

  Last week, the Easter break and a pause in Brexit related talks shifted the momentum in favour of the Pound. On the other hand, a sharp fall in the price of iron ore led the Aussie downwards. On this

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