Industry News

Barclays Upwardly Revises Starbux Citing Innovation

  The shares of Starbucks Corporation (NASDAQ: SBUX) rallied yesterday after Jeffrey Bernstein, an analyst at Barclays upgraded the stock’s rating to “overweight,” from “equal weight”, citing menu innovation and impressive customer service. The analyst believes that the company could

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Barclays Upwardly Revises Cisco to “Overweight”

  Shares of Cisco Systems Inc. (Nasdaq: CSCO) rose $1.24 or 2.66% to close at $47.88 after Tim Long, an analyst at Barclays upwardly revised the stock to “overweight” from “equal weight” on the basis of numerous product cycles that

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UBS Analyst Upwardly Revises GE’s Rating to “Buy”

  The shares of General Electric Co (NYSE: GE) surged $0.47 or 4.28% to close at $11.44 after Markus Mittermaier, a new analyst at UBS, began his coverage of the industrial behemoth with a “buy” rating. Earlier, the company carried

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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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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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Charles Schwab In Talks To Buy TD Ameritrade for $26bln.

  The Charles Schwab Corporation (NYSE: SCHW) is negotiating the acquisition of the cryptocurrency-friendly TD Ameritrade Holding Corporation (Nasdaq: AMTD) in a deal valued at $26 billion. Shares of TD Ameritrade jumped over 16.92% or $7 to end Thursday’s trading

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Walmart Beats Q3 Earnings, Lifts FY2020 Earnings View

  Retail chain Walmart Inc. (NYSE: WMT) posted fiscal 2019 third-quarter profits that more than doubled from Q3 2018, led by an increase in revenues and a strong performance of Walmart US and International. Notably, non-GAAP earnings per share exceeded

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Teva Posts Q3 Earnings Miss, Lifts FY 2019 Outlook

  Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) reported fiscal 2019 third-quarter earnings that missed analysts’ estimates by a cent. The quarterly revenues, however, surpassed the Wall Street estimates. Furthermore, the company boosted its earnings and revenue outlook for FY 2019.

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Apple Beats Q4 EPS Estimates Despite Drop in iPhone Sales

  iPhone manufacturer Apple Inc. (Nasdaq: AAPL) reported fiscal 2019 fourth-quarter profit and revenues that surpassed analysts’ estimates. The company also issued a robust revenue forecast for the forthcoming quarter, which includes holiday season, implying a robust demand for its

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3M Slashes FY19 Profit View Despite Q3 Earnings Beat

  The post-it manufacturer 3M Company (NYSE: MMM) reported fiscal 2019 third-quarter earnings that beat analysts’ estimates. The company, however, missed 3Q19 revenue estimate of analysts. The abrasives manufacturer also lowered its FY 2019 profit outlook in the middle of

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