Posts From Richard W

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

P&G Beats Q2 Estimates, Upwardly Revises FY20 View

  Procter & Gamble Co (NYSE: PG) posted fiscal 2020 second-quarter profits that rose from the previous year and surpassed analysts’ estimates. The company also upwardly revised its fiscal 2020 outlook. However, quarterly revenues fell below the Street estimates for

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52% of Illegal BTC Transacted via Binance and Huobi in 2019

  The cryptocurrency market continues to remain slightly bullish with Bitcoin (BTC) trying to gather momentum and break above the crucial $10,000 level. At the time of writing this article Bitcoin was trading at $8,646, reflecting a small gain of

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Specialty Retailer Lululemon Boosts Q4 Sales Outlook

  The shares of Lululemon Athletica Inc. (Nasdaq: LULU) have gained considerably this week after the athletic apparel retailer raised its sales and profit forecast for fiscal 2019 fourth-quarter ending February 2nd. Following the upward revision of sales and earnings

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SBI, GMO to Set Up World’s Largest Bitcoin Mining Center

  The cryptocurrency market has turned bearish once again, with Bitcoin (BTC) failing to sustain above $8,300 levels. At the time of writing this article, the cryptocurrency has lost 3.7% to trade at $7,965. Likewise, Ether (ETH) has lost 3.2%

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Tesla Turns Bullish as China Factory Begins Deliveries

  The shares of Tesla, Inc. (Nasdaq: TSLA) hit a record high price of $454 on Friday, before closing at $443.01, up 2.96% or $12.75 from the previous close after the company reported vehicle delivery figures that met its full-year

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Glencore Joins Responsible Sourcing Blockchain Network

After remaining range-bound with a slight bearish bias for more than two weeks, the cryptocurrency market came under heavy selling pressure yesterday. Bitcoin (BTC) lost 2.7% in the past 24 hours to trade at $6,895, reflecting a market cap of

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Japanese Yen Down as Business Sentiment Drops to 3-yr Low

  The Aussie rose sharply against the yen yesterday after the Japanese Ministry of Finance reported that business sentiment index (BSI) among big Japanese companies dropped to a three-year low in 4Q 2019. The Aussie’s uptrend was aided by the

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Kroger Q3 EPS Miss Estimates, Reaffirms FY 2019, 20 EPS View

  The shares of Kroger Co (KR: NYSE) fell 3.04% or $0.84 to close at $26.80 after the largest US supermarket chain by revenue reported Q3 earnings below the Street estimates. The company also missed the revenue estimate of analysts.

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Aussie Turns Volatile as Q3 GDP Growth Miss Estimates

  The Australian dollar made a zig-zag move against the US dollar yesterday after weak economic data was reported from both countries. In the Asian session, the Australian Bureau of Statistics reported lower-than-anticipated GDP data for the third quarter. However,

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Raymond James Upgrades Under Armour to “Strong Buy”

  The shares of footwear and sports apparel manufacturer Under Armour, Inc. (NYSE: UA) has turned bullish after Matthew McClintock, an analyst at the equity research firm Raymond James upwardly revised the stock to a “strong buy” rating, saying the

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