Markets News

Pfizer Rallies on Rumour of Bristol-Myers Acquisition

  Last month, biopharmaceutical company Pfizer Inc (NYSE: PFE) reported a 12% y-o-y decline in the 4Q16 non-GAAP earnings to $2.89 billion. The Q4 non-GAAP earnings also missed analysts’ estimates. However, the company reported a GAAP net profit for 4Q16,

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Micron Beats 2Q17 Estimates, Issues Strong Q3 EPS View

  Semiconductor chip maker Micron Technology (NASDAQ: MU) reported a swing to profit in the fiscal 2017 second-quarter earnings reported last Thursday. The company also posted a 58.4% y-o-y increase in the quarterly revenues. Following the report, investors rewarded the

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F5 Networks Remains Bullish on New Product Launches

  In January 2017, integrated internet traffic management solution provider F5 Networks, Inc (NASDAQ: FFIV) reported fiscal 2017 first-quarter earnings of $94.22 million, or $1.44 per share, on revenues of $515.96 million. The revenues were higher on y-o-y basis, but

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British American Tobacco Up on Rise in y-o-y Volumes

  British American Tobacco Industries (NYSEMKT:BTI), which is one of the top five tobacco companies in the world, reported a lower than anticipated fiscal 2016 revenue, compared with last year. However, BAT’s (British American Tobacco) FY16 earnings exceeded analysts’ estimates.

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Fake Account Scandal Continues to Haunt Wells Fargo

  Last week, the President and CEO of Wells Fargo & Company (NYSE: WFC), Tim Sloan, stated that he spoke to the legendary investor Warren Buffett, the largest shareholder with a 10% stake, and reassured him that the bank is

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3M Signals Downtrend on Overstretched Valuations

  In January, Post-it product manufacturer 3M Company (NYSE: MMM) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates. The company also reaffirmed its fiscal 2017 earnings guidance. On that basis, we had published an article on January 26th, recommending

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HSBC Signals Uptrend on Impressive ROE, Share Buy Back

  In late February, the Europe’s largest bank by assets, HSBC Holdings Plc (NYSE: HSBC) reported a 62% y-o-y decline in the fiscal 2016 pre-tax profit. The London-based lender also missed the 4Q16 adjusted pre-tax profit estimates compiled by Bloomberg.

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Citigroup Signals Correction on Overstretched Valuation

  Considering the rise in loans, fixed income, and Common Equity Tier 1 ratio at the end of fiscal 2016 fourth-quarter, on February 7th, we had recommended investing in a high or above option contract of Citigroup Inc (NYSE: C),

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Starbucks Refutes Negative Consumer Sentiment Claims

  Global coffee and food retailer, Starbucks (NASDAQ: SBUX) lost about 4% last week to close at $54.48. There were two main reasons for the decline in the share price. Firstly, a market research firm named xAd reported that the

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Barclays to Dispose of Non-Core Assets by June

  Lower than expected net operating income and attributable profit for fiscal 2016 resulted in a decline in the share price of Barclays Plc (NYSE: BCS), the second biggest bank in the UK, to about $11.0 earlier this week. Considering

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