Trading Ideas
Is Gilead Sciences' Sudden Change in Leadership a Good Thing?
The next CEO — whomever it is — is expected to take the biotech in a new direction. …read more […]
Articles by Editor
Trading Ideas
Caterpillar raises 2018 profit outlook, beats quarterly estimates
Caterpillar Inc (CAT.N) on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment. The Deerfield, Illinois-based company now expects adjusted profit per share to be in a range of $11 to $12 in 2018, compared with $10.25 to $11.25 projected earlier. The second increase to the profit outlook in the past two quarters helped allay investors’ concerns about the health of the global economy amid increasing trade frictions and pressure on costs. …read more […]
Trading Ideas
Better Buy: Apple Inc. vs. Google
Two of the world’s most valuable tech companies continue to beat the market, but they don’t measure up the same when considering growth and valuation. …read more […]
Business News
Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures
Tyson Foods Inc cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent.
Business News
Pompeo announces $113 million in new U.S. initiatives in ‘Indo-Pacific’
Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure.
Business News
Harley drives deeper into Asia with smaller bikes to fuel growth
Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs.
Business News
U.S. plans $113 million ‘down payment on a new era’ in Indo-Pacific: Pompeo
The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapore, Malaysia and Indonesia.
Trading Ideas
3 Things That Baidu Needs to Get Right This Week
China’s online search leader reports financial results on Tuesday afternoon, and Baidu will need to excel on several fronts if the stock is to move higher. …read more […]
Business News
German prosecutors investigate VW ex-CEO’s financial transfers
German prosecutors said on Monday they are investigating whether former Volkswagen Chief Executive Martin Winterkorn moved some of his assets out of Germany following an inquiry into his role in the manipulation of anti-pollution tests.
Business News
Wall Street opens flat as tech losses offset energy, Caterpillar gains
U.S. stocks opened little changed on Monday as weakness in tech stocks offset gains in energy companies which rose on the back of higher oil prices and as industrials got a lift from Caterpillar’s upbeat quarterly earnings.
Business News
Harley pushes deeper into Asia with smaller bikes to kickstart growth
Harley-Davidson Inc on Monday unveiled several measures including launching smaller light-weight motorcycles in Asian markets to fuel growth as it faces declining sales in the United States and the threat of higher trade tariffs.
Trading Ideas
News Flash: The Marijuana Stock Bubble May Already Be Bursting
The North American Marijuana Index has plunged more than 45% in six months. …read more […]
Business News
Nokia, T-Mobile US agree $3.5 billion deal, world’s first big 5G award
T-Mobile US named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root.
Business News
Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile
Nokia reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with T-Mobile .
Business News
Wall Street set to open higher on strong Caterpillar earnings
U.S. stocks were set to open higher on Monday after a strong earnings report from Caterpillar, a bellwether for global economic activity, restored optimism that the ongoing trade war would not hit corporate results more than feared.