Archive

Exxon’s 2Q17 EPS Nearly Doubles on Strong Margin

  The stock of energy giant Exxon Mobil Corp (NYSE: XOM) closed at $77.47 on Wednesday, which translates to a drop of about 4% in the past two weeks. The fiscal 2017 second-quarter earnings reported by the company were below

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Greenback Strengthens as North Korea Tensions Ease

  We had forecasted the USDJPY to decline from the level of 110.80 in our July 31st report. The analysis report had also mentioned our intention to go short in the currency market and simultaneously invest in a put option.

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Starbucks Misses 3Q17 Earnings, Trims FY17 Outlook

  Despite posting fiscal 2017 third-quarter net income in line with analysts’ estimates, the stock of Starbucks Corp (NASDAQ: SBUX) has lost over 5% in the past two weeks to close at $53.22 Yesterday. That was due to lower than

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P&G Beats 4Q17 Estimates, Issues Weak FY18 Outlook

  A decline in SG&A expenses and moderate growth in important markets enabled the FMCG giant Procter & Gamble Company (NYSE: PG) to report fiscal 2017 fourth-quarter results that surpassed Consensus estimates. However, the brand owner of Pampers diapers and

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Solid French Non-Farm Payrolls Data Keeps Euro Strong

  Even though the Canadian dollar is one of the best performing currency, it was outclassed by the Euro during the past month. The improving Euro zone economy and the tapered expectations of the ECB, have turned Euro sentiment bullish.

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Amazon Misses 2Q17 EPS View, Issues Weak 3Q17 Outlook

  An increase in capital expenditures, sales and marketing costs, and research and development expenses took a toll on the net profit of e-commerce giant Amazon.Com Inc (NASDAQ: AMZN), which reported its fiscal 2017 second-quarter results in the last week

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Pound Turns Weak on Decline in Consumer Spending

  In our July 26 report, we had forecast a rally in the GBPUSD pair and informed our intention to go long near 1.3010 in the OTC market. We had also revealed our interest in purchasing a call option offered

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Ford Beats 2Q17 EPS View on Lower Tax Rates

  Despite reporting better than anticipated fiscal 2017 second-quarter results, the stock of Ford Motor Company (NYSE: F) has declined marginally to trade at about $11. The overall weakness in the US automobile market, which contributes a major share of

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Coca-Cola Beats 2Q17 Estimates, Raises EPS Growth Outlook

  Aided by an increase in demand for healthier non-carbonated beverages and sugar free sodas, Coca-Cola Company (NYSE: KO) reported better than anticipated fiscal 2017 second-quarter revenues and earnings. However, revenues and earnings fell 16% and 60%, respectively, compared with

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Euro Strengthens on Strong German Factory Orders Data

  A recovery in the price of iron ore and coking coal to $72 per ton and $200 per ton, respectively, has resulted in the strengthening of the Australian dollar against its rivals in July. However, the Australian dollar was

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