Posts From Janine

Janine

Janine

Janine is our editor for related stock market news. Andrew and Janine will be focusing on providing the latest trends and where the next hit could be

Vetr Upgrades Micron to “Strong-Buy” Rating

  Following a gloomy report on semiconductor prices by Morgan Stanley, the stock of NAND and DRAM memory chip manufacturer Micron Technology, Inc. (NASDAQ: MU) fell by about 10% last week to close at $42 levels. Three analysts at Morgan

Read More

Boeing Signals Downtrend on Overstretched Valuation

  The stock of Boeing (NYSE: BA) recorded a new 12-month high of $278.63 last week, following an announcement from the European air cargo company Cargolux that it is considering adding more Boeing 747 freighters to its fleet in the

Read More

Groupon Signals Probable Turnaround in Operations

  The stock of discounted deals provider Groupon, Inc. (NASDAQ: GRPN) is in an uptrend after it reported a narrowed net loss in the fiscal 2017 second-quarter. The company missed the revenue estimates by a small margin, but surpassed earnings

Read More

Freeport to Divest 51% in Grasberg Mine of Indonesia

  The world’s largest publicly traded copper miner Freeport-Mcmoran Inc (NYSE: FCX) reported a swing to profit in the fiscal 2017 second-quarter. That took the share price to $15.71 in August. However, the stock has lost about $2 so far

Read More

Apple Commits $3bn for Stake in Toshiba Chip Business

  According to the latest report, the iconic iPhone manufacturer Apple Inc (NASDAQ: AAPL) is planning to invest $3 billion in Bain Capital, which is leading the bid to acquire Toshiba’s memory chip business. The Japanese NAND memory chip manufacturer

Read More

Nike Signals Uptrend on Attractive Valuations

  The stock of apparel and footwear manufacturer Nike Inc (NYSE: NKE) has depreciated by nearly 12% in the past month, making it the worst performing Dow component during that period. The overall weakness in the retail apparel and footwear

Read More

Petrobras Up on Lower Debt, Decline in US Oil Inventory

  The world’s most leveraged (indebted) oil company Petroleo Brasileiro S.A. (NYSE: PBR) reported a lower than anticipated fiscal 2017 second quarter revenue and earnings. Petrobras, as the company is popularly known as, also recorded a slight decline in output.

Read More

Salesforce on Track to Achieve $10bn Revenue in FY18

  Last week, the stock of software and cloud computing company Salesforce Inc (NYSE: CRM) recorded a new 12-month high of $95.23. Apart from beating analysts’ estimates, the company also reported a 26% increase in the fiscal 2018 second-quarter revenue,

Read More

Strong Subscriber Growth Lifts Telefonica’s 1Q17 Earnings

  Last month, Spanish telecom giant Telefonica SA (NYSE: TEF) reported a 5% increase in the fiscal 2017 first-quarter income, compared to the similar period last year. The net profit for the period increased 42.2% on y-o-y basis. However, the

Read More

Petrobras Remains Bearish on Weak Oil Price

Oil company Petroleo Brasileiro S.A. (NYSE: PBR), commonly referred to as Petrobras, reported its best ever quarterly profit in two years. The company reported a swing to profit in the fiscal 2017 first-quarter, compared to a net loss in the

Read More