Markets News

Wells Fargo Turns Weak on Missing Q4 Estimates

  After recording a 12-month high of $58.02 in early December 2016, the stock of Wells Fargo & Company (NYSE: WFC) is on a decline. The bank holding company, tainted by bogus accounts scandal, reported a decline in the fiscal

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JP Morgan Beats 4Q16 Estimates; Concerns Remain

  JP Morgan Chase & Co (NYSE: JPM), the largest lender in the US, reported yet another stunning result. The bank’s fiscal 2016 fourth-quarter results surpassed analysts’ estimates. Furthermore, the bank ended fiscal 2016 with revenues of $99.1 billion, just

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Innovations to Gain Market Share Turns P&G Bullish

  One of the few stocks which did not participate in the ‘Trump’ rally is the FMCG giant Procter & Gamble Co (NYSE:PG). The fiscal 2017 first-quarter sales of $16.5 billion was only 0.19% higher than the sales in the

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Facebook Up on Attractive Valuations and Growth Prospects

  In spite of posting an overwhelmingly positive third-quarter results that exceeded estimates, the stock of social media giant Facebook Inc. (Nasdaq: FB) lost nearly 10% value to record a low of $114.29 in mid-November. The company’s warning about the

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IoT Related Services to Spur Cisco’s Growth

After reporting reasonably good fiscal 2017 first-quarter earnings that beat analysts’ estimates, the stock of networking equipment manufacturer Cisco Systems Inc. (NASDAQ: CSCO) recorded a high of $31.87 in November. However, in mid-November, the stock fell sharply on the backdrop

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Exxon Remains Bullish on Prospects of Rise in Crude Price

  The stock of Exxon Mobil Corp (NYSE: XOM), which closed at $89.90 yesterday, is just $5 away from the 12-month high of $95.55. Being a diversified oil and natural gas company, Exxon Mobil was able to manage the low

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Deutsche Bank Fined $37 Million for Misleading Clients

  Deutsche bank Ag (NYSE:DB) has hit the headline once again for the wrong reasons. Earlier in September 29th, the stock was hammered to a low of $11.19 after the US Justice Department demanded the bank to pay $14 billion

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Forecast of Rise in Demand for DRAM Turns Micron Bullish

  Semiconductor chip manufacturer Micron Technology (NASDAQ: MU) became the talk of the town last week when it completed the acquisition of Taiwan-based memory chip manufacturer Inotera Memories, Inc. in a deal worth $4 billion ($0.94 per share). The news

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Caterpillar Signals Downtrend on Fitch’s Rating Downgrade

  The stock of earth moving equipment manufacturer Caterpillar Inc (NYSE:CAT) registered a new 12-month high of $97.33 on December 7th. Considering the stress given by Trump to fix the infrastructure of the US, the stock of companies in the

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GoPro Turns Bullish as Camera Unit Sales Climb 35%

  Poor fiscal 2016 third-quarter results pushed the stock of action camera manufacturer Gopro Inc (NASDAQ: GPRO) below $10 in November. Investors continue to shy away from the stock even after introducing two new variants of cameras. However, it seems

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