Trading Ideas
Intel's CEO Makes a Questionable Claim on an Earnings Conference Call
This statement from CEO Brian Krzanich about the company’s competitive positioning appears to be inaccurate. …read more […]
Year: 2018
Trading Ideas
3 Growth Stocks for Successful Investors
These companies offer growth at reasonable prices. …read more […]
Business News
Oil elevated ahead of Trump Iran announcement, shares firm
TOKYO (Reuters) – Oil prices stood near their highest since late 2014 on Tuesday, ahead of an announcement by U.S. President Donald Trump on whether he would withdraw from a landmark nuclear deal with Iran, which fueled concerns about crude supply.
Business News
ValueAct takes $1.2 billion stake in Citigroup: letter
(Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank’s low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday.
Trading Ideas
Holy haute couture: Met Gala blends fashion, some religion
Amal Clooney and Rita Ora were among the early arrivals to this year’s religion-themed Met Gala, the annual fundraising fete in New York that brings out Hollywood’s elite for an evening of fashion and charity. Clooney, one of the evening’s co-chairs, arrived early in a striking silver corseted top, matched with black slacks and a cascading metallic, rose-patterned skirt. The ensemble, from designer Richard Quinn, made a crinkling sound all the way the Met’s iconic steps. …read more […]
Business News
Wynn Resorts allowed to drop Wynn from Massachusetts casino license
BOSTON (Reuters) – Massachusetts’ gambling regulator on Monday said it will allow Wynn Resorts Ltd to remove founder Steve Wynn’s name from its license for a planned $2.5 billion casino following allegations that Wynn subjected women who worked for him to unwanted sexual advances.
Business News
Snap hires Amazon veteran Tim Stone as CFO
(Reuters) – Snapchat-owner Snap Inc said Tim Stone, an Amazon.com Inc veteran who had led the integration of the online retailer’s $13.7-billion Whole Foods acquisition, would replace Andrew Vollero as chief financial officer.
Business News
Walmart likely to announce Flipkart deal before end of week: sources
MUMBAI/BENGALURU (Reuters) – Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest acquisition of a business.
Trading Ideas
What Does Bank of America Corporation’s (NYSE:BAC) Share Price Indicate?
Bank of America Corporation (NYSE:BAC) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $32.84 at one point, andRead More… …read more […]
Business News
Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources
(Reuters) – Comcast Corp is speaking to investment banks about obtaining bridge financing for an all-cash bid to displace Walt Disney Co on its $52 billion deal to acquire most of Twenty-First Century Fox Inc’s assets, three people familiar with the matter said on Monday.
Trading Ideas
Cisco Systems Inc (NASDAQ:CSCO): Should The Recent Earnings Drop Worry You?
Today I will examine Cisco Systems Inc’s (NASDAQ:CSCO) latest earnings update (27 January 2018) and compare these figures against its performance over the past couple of years, in addition toRead More… …read more […]
Trading Ideas
Should You Be Tempted To Sell Oracle Corporation (NYSE:ORCL) Because Of Its PE Ratio?
Oracle Corporation (NYSE:ORCL) is trading with a trailing P/E of 51.9x, which is higher than the industry average of 36.4x. While this makes ORCL appear like a stock to avoidRead More… …read more […]
Trading Ideas
Snap is giving an Amazon exec $20 million in stock to replace its CFO one week after reporting disastrous earnings (SNAP)
Snapchat parent company Snap is appointing an ex-Amazon exec as its new CEO. Tim Stone is replacing Andrew Vollero, who was in the job for just over two years. Snapchat’s parent company Snap Inc. is getting a new CFO. …read more […]
Business News
Xerox loses bid for quick appeal of decision to block Fujifilm deal
(Reuters) – Xerox Corp has lost its bid for a quick appeal of a decision to block its deal with Fujifilm Holdings , according to a court filing on Monday, handing a victory to activist investors Carl Icahn and Darwin Deason in the months-long saga.
Business News
ValueAct takes $1 billion stake each in Citigroup, Sallie Mae: letter
BOSTON (Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp’s student lender Sallie Mae, according to a letter seen by Reuters on Monday.