Markets News

MasterCard Signals Breakout on Beating Street View

  In spite of reporting a 12.7% y-o-y increase in the fiscal 2017 first-quarter profit, the stock of credit card issuer MasterCard Inc (NYSE:MA) remains range bound between $117 and $119 for the past two weeks. One of the main

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Alibaba Beats 4Q17 Estimates on Cloud Computing Growth

  Alibaba Group Holding Ltd (NYSE: BABA), China’s largest eCommerce firm, reported a 60% y-o-y growth in fiscal 2017 fourth-quarter revenues, compared to last year’s similar period. The Q4 revenues were above analysts’ consensus as well. However, the earnings missed

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Salesforce Beats 1Q18 Estimates, Issues Upbeat 2Q View

  A 2% y-o-y increase in research and development expenses saw the Customer Relationship Management (CRM) software and cloud computing service provider Salesforce.Com Inc (NYSE: CRM) report a swing to loss in the fiscal 2018 first-quarter, from a net profit

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Coke Accelerates Refranchising to Return to Growth Path

  The world’s largest soft-drink company, Coca-Cola (NYSE: KO), reported lower than anticipated fiscal 2017 first-quarter earnings. Higher than anticipated refranchising expenses took a toll on the earnings. The Q1 revenue was above analysts’ expectations. However, on y-o-y basis, the

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Decline in Mall Foot Traffic Keeps Starbucks Bearish

  High-end coffee chain Starbucks (NASDAQ: SBUX) reported better than anticipated fiscal 2017 second-quarter results on April 27th. However, the stock crashed to a low of $59, from a high of $61.84, a day earlier. Lower than anticipated revenues, disappointing

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JP Morgan Up on Strong Investment Banking Performance

  In mid-April, JP Morgan Chase & Co (NYSE: JPM), the largest US bank by assets, reported a 17% y-o-y increase in the fiscal 2017 first-quarter net income, compared to last year’s similar quarter. However, the stock has hardly moved

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Caterpillar Signals Bullish Reversal on Strong FY17 Outlook

  In the last week of April, earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported exceptional fiscal 2017 first-quarter results that beat analysts’ estimates. The market rewarded the company by pushing the stock price to a 12-month high of

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Microsoft 3Q17 EPS Beats Estimates, Cloud Rev. Grow 93%

  The provider of Azure cloud platform, Microsoft Corp (NASDAQ: MSFT), reported lower than anticipated fiscal 2017 third-quarter revenues, last week. The Personal Computing segment revenues declined 8% on y-o-y basis in the recent quarter. These two factors triggered a

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Facebook Beats 1Q17 View, MAU Inches Towards 2 Billion

  The stock of social media platform provider Facebook, Inc. (NASDAQ: FB) fell about 3% to close at $150.24 last week, following a warning from the company that expenses would increase “meaningfully” in fiscal 2017 and ‘ad load’ – the

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Ford 1Q17 Earnings Dip 35% YoY, Issues Soft FY17 Outlook

  Last week, the second largest automobile manufacturer Ford Motor Company (NYSE: F) reported a 35% y-o-y decline in the fiscal 2017 first-quarter net income. The earnings, however, was above the Wall Street estimates. The quarterly revenues were slightly higher

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