Trading Ideas
Paycom Software (NYSE:PAYC) Could Easily Take On More Debt
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ When we think about how risky a company… …read more […]
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Business News
Schlumberger takes over $12 billion charge as CEO charts new course
Schlumberger NV’s new chief executive officer wielded an ax to the company’s asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Business News
Kansas City Southern profit beats, fueled by Mexico petroleum shipments
Railroad operator Kansas City Southern on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel shipments to Mexico and ongoing cost cuts.
Business News
Oil steady in face of contradictory signals
Oil prices were broadly steady on Friday as concern over slower growth in China, the world’s biggest oil importer, was countered by bullish signals from both the Chinese and U.S. refining sectors and a North Sea crude disruption that proved temporary.
Business News
Wall Street opens lower as J&J slips
U.S. stocks opened slightly lower on Friday, weighed down by Johnson & Johnson, while upbeat earnings reports limited losses and calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years.
Trading Ideas
Should You Be Impressed By McCormick & Company, Incorporated's (NYSE:MKC) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Business News
Walmart’s Asda agrees $4.9 billion Rothesay Life pension deal
Walmart’s Asda has agreed a 3.8 billion pounds ($4.9 billion) ‘buy in’ with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing.
Trading Ideas
Schlumberger Rips Off ‘Band-Aid’ With $12.7 Billion Writedown
(Bloomberg) — Wall Street guessed that writedowns from Schlumberger Ltd. were coming, but some analysts were taken aback by the sheer size of the $12.7 billion in pretax charges reported by the oil services company on Friday.The company’s earnings report was its first since Chief Executive Officer Olivier Le Peuch took the reins in August. The writedowns led the company to post its largest net quarterly loss in at least a decade. Schlumberger said on its earnings conference call that the writedowns were part of the new CEO’s strategy.The size of the charges was “eyebrow-raising,” analysts at Tudor, Pickering, Holt …read more […]
Trading Ideas
Is Pan American Silver Corp. (TSE:PAAS) Trading At A 41% Discount?
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Pan American Silver… …read more […]
Trading Ideas
J&J Recalls Lot of Baby Powder After Asbestos Trace Found
(Bloomberg) — Johnson & Johnson is recalling one lot of its Johnson’s Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online.J&J is voluntarily recalling the lot, 22318RB, and encouraging people who bought the product to discontinue use. The company said that it is working with the Food and Drug Administration, which tested the bottle, and has started an investigation into how and when the product was contaminated.J&J shares fell as much as 3.7% to $131.10 in early trading. The stock has been under pressure as investors try to ascertain the company’s …read more […]
Business News
Wall Street tracks flat open as earnings counter China data gloom
Wall Street was set to open flat on Friday, as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years.
Business News
Judge’s unorthodox approach has huge opioid settlement within reach
From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country’s opioid epidemic, Judge Dan Polster has made one thing clear: he never wanted a trial.
Trading Ideas
Is The Kroger Co.'s (NYSE:KR) P/E Ratio Really That Good?
Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll look at The… …read more […]
Trading Ideas
Edited Transcript of TXT.N earnings conference call or presentation 17-Oct-19 12:00pm GMT
Q3 2019 Textron Inc Earnings Call …read more […]
Business News
Zero-sugar sodas, smaller soft drink cans drive Coca-Cola revenue beat
Coca-Cola Co beat Wall Street estimates for quarterly revenue on Friday as customers took to smaller-sized cans of its sodas, including Coca-Cola Zero Sugar, prompting the beverage maker to give an upbeat forecast for 2019.