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Gap CEO Peck to leave; earnings forecast cut sends shares tumbling

Peck’s departure comes as Gap prepares to spin off its Old Navy brand, a bright spot for the struggling retailer, into a publicly listed company. Robert Fisher, the company’s current non-executive board chairman, will serve as president and chief executive officer on an interim basis, effective immediately. The apparel retailer, which estimated a 4% drop in third-quarter same-store sales, now expects full-year adjusted earnings per share of $1.70 to $1.75, down from its previous forecast of $2.05 to $2.15. …read more […]

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Why Doing Good Is Good for Business

Can you do well by doing good?
Conspicuous consumption was all the rage in the 1980s. Now “conscious capitalism” is having its moment. Whether or not you choose to embrace it as an investor, you can’t deny the trend.
In August, the Business Roundtable broke 40-plus years of tradition, updating its Statement on the Purpose of a Corporation.
The Business Roundtable declared that “shareholder primacy” is no longer the primary purpose of a corporation, as had been the case since 1978.
Instead, executives from America’s largest corporations committed to lead their companies for the benefit of all stakeholders – customers, employees, suppliers and …read more […]

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UPDATE 1-Dropbox tops revenue, profit estimates on higher subscriber additions

Dropbox Inc beat analysts’ estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform. Dropbox, which competes with Alphabet Inc’s Google, Microsoft Corp as well as Box Inc, has relied on its “freemium” model to attract more customers. It acquired e-signature company HelloSign earlier this year and has partnered with rivals Microsoft and Google’s file storage platforms, aiming to expand its reach and convert free users to paid customers. …read more […]

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Wall Street Dinosaur Delivers a Triple Winner!

A couple of months ago, War Room members cashed in on a triple win with General Electric (NYSE: GE). It came when I recommended members buy General Electric calls after the company reported earnings and its shares were immediately clobbered.
But GE’s shares didn’t fall because of the earnings report… The report was great.
Shares fell because a short seller came out with a report that accused the company of cooking its books. This led to the perfect opportunity to buy…
Why?
Because concurrent with its strong earnings report, GE came out in full force to defend itself immediately, and, as a result, its …read more […]

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Hedge Funds Have Never Been More Bullish On Radiant Logistics, Inc. (RLGT)

Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […] …read more […]

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Is Xeris Pharmaceuticals, Inc. (XERS) A Good Stock To Buy?

You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […] …read more […]

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Telecom Italia confirms guidance as debt falls

Italy’s biggest phone group Telecom Italia confirmed its guidance on Thursday after reporting a better than expected improvement in net debt, even as stiffer competition in its domestic market continued to take its toll. Telecom Italia (TIM) said its net debt at the end of September fell to 24.3 billion euros, with a reduction of 958 million euros compared with the end of last year, achieving its full year debt target three months ahead of time. …read more […]