Trading Ideas
What Are Arista Investors Really Scared Of?
Once again, what seemed to be good quarterly results got a cold reception from shareholders. …read more […]
Articles by admin
Business News
Down and out: CEFC staff go unpaid as once-high flying company flounders
SHANGHAI (Reuters) – CEFC China Energy, the once high-flying conglomerate that is now conducting fire sales of its assets following an investigation into its chief, appears to be hitting rock bottom.
Business News
AT&T says selling DirecTV, Turner would ‘destroy’ value of Time Warner merger
WASHINGTON (Reuters) – AT&T told a federal judge late Thursday it should reject any request by the U.S. Justice Department to force it to divest its DirecTV unit or Turner networks as part of approving its proposed $85.4 billion acquisition of Time Warner Inc.
Trading Ideas
Activision’s forecasts disappoint as battle with Fortnite, PUBG escalates
By Arjun Panchadar (Reuters) – Activision Blizzard Inc’s forecasts for the current quarter and full year came in below Wall Street estimates as the video game publisher faces competition from free digital … …read more […]
Trading Ideas
Apple supplier Skyworks sees hit from smartphone weakness, ZTE ban
Apple supplier Skyworks Solutions Inc forecast current-quarter revenue below estimates on Thursday as global smartphone demand slows and U.S. restrictions on customer ZTE weigh, overshadowing better-than-expected … …read more […]
Trading Ideas
House chaplain wins job back after scalding letter to Ryan
Ryan, a Wisconsin Republican, forced Reverend Pat Conroy to tender his resignation last month, sparking a firestorm. Ryan has said he was dissatisfied with Conroy’s pastoral care to lawmakers. “It is my job as speaker to do what is best for this body, and I know that this body is not well served by a protracted fight over such an important position,” Ryan said. …read more […]
Business News
CBS tops estimates on healthy ad sales
(Reuters) – CBS Corp , which is in tough merger talks with Viacom Inc , topped revenue and profit estimates on Thursday, helped by healthy ad sales and higher revenue from affiliate and subscription fees.
Business News
Twitter urges all users to change passwords after glitch
(Reuters) – Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some to be stored in readable text on its internal computer system rather than disguised by a process known as “hashing”.
Trading Ideas
The Safer Way to Play Alibaba Group Holding Ltd Stock
Alibaba stock is off 10% since I wrote those words with $400 looking less likely by the day, and while I haven’t given up on Jack Ma, the concerns brought up recently by my InvestorPlace colleague James Brumley along with Seeking Alpha contributor Rohit Chhatwal has me considering alternative investment options than Alibaba. Brumley’s Apr. 20 article discussed how Alibaba’s competitors are partnering up to better understand the consumer so they can take market share from Jack Ma. …read more […]
Business News
TransCanada to start work on Keystone XL in Montana in fall 2018: letter
WASHINGTON/CALGARY, Alberta (Reuters) – TransCanada Corp plans to start preliminary work on its Keystone XL pipeline project in Montana in the fall of 2018 ahead of full construction in 2019, according to a letter from the U.S. State Department to Native American tribes.
Trading Ideas
Arista Networks: 1Q Earnings Snapshot
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.79. Earnings, adjusted for one-time gains and costs, were $1.66 per share. The results beat Wall Street expectations. … …read more […]
Business News
S&P drops as weak earnings offset strong economic data
NEW YORK (Reuters) – The S&P 500 ended lower on Thursday after a choppy session as disappointing earnings reports from several companies offset strong economic data.
Business News
Hedge fund heaps criticism on Tesla after Musk’s conference call
NEW YORK (Reuters) – A small hedge fund manager who has long been betting against Tesla Inc on Thursday redoubled his call for the stock to fall to zero, comments that came as investors were already hammering the electric car maker.
Business News
Twitter urges users to change passwords after computer glitch
(Reuters) – Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some of them to be stored in plain text on its internal computer system.
Business News
Wall St. ends volatile day lower, investors sell on earnings
NEW YORK (Reuters) – U.S. stocks ended lower on Thursday after a choppy session as strong economic data offset disappointing earnings reports from several companies.