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Buy Rating Maintained on McDonald’s Corp. (MCD)

On October 22, McDonald’s shares came under pressure after posting 3Q19 adjusted earnings of $2.11 per share, up from $2.10 a year earlier but missing consensus by $0.10.

Overall same-store sales rose 6%, above the consensus forecast of 5.4%, reflecting the impact of digital initiatives and increased deliveries.

We look for expanding operating margins given better margins available from refranchised restaurants and lower commodity prices, although increases in the minimum wage in several states will be an offset. …read more […]

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Explainer: Google hails 'quantum supremacy', but don't chuck out your PC just yet

Researchers at Google say they have achieved ‘quantum supremacy’, in which a computer harnessing the properties of sub-atomic particles did a far better job of solving a problem than the world’s most powerful supercomputer. Given the task of finding a pattern in a seemingly random series of numbers, Google’s quantum computer produced an answer in 3 minutes and 20 seconds. It estimates that the Summit supercomputer https://www.ibm.com/thought-leadership/summit-supercomputer at the Oak Ridge National Laboratory in Tennessee would take 10,000 years to complete the task. …read more […]

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Were Hedge Funds Right About Piling Into L3Harris Technologies, Inc. (LHX)?

Is L3Harris Technologies, Inc. (NYSE:LHX) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […] …read more […]

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Hedge Funds Have Never Been Less Bullish On FedEx Corporation (FDX)

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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EXPLAINER-Google hails 'quantum supremacy', but don't chuck out your PC just yet

Researchers at Google say they have achieved ‘quantum supremacy’, in which a computer harnessing the properties of sub-atomic particles did a far better job of solving a problem than the world’s most powerful supercomputer. Given the task of finding a pattern in a seemingly random series of numbers, Google’s quantum computer produced an answer in 3 minutes and 20 seconds. It estimates that the Summit supercomputer https://www.ibm.com/thought-leadership/summit-supercomputer at the Oak Ridge National Laboratory in Tennessee would take 10,000 years to complete the task. …read more […]

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Russia's Yandex to test driverless cars in U.S. from next summer

Russian internet firm Yandex will begin testing its driverless cars in the United States next summer, the company said on Wednesday. As part of the North American International Auto Show in Detroit, to take place from June 6-21, Yandex will provide a driverless taxi service in the city’s business centre. “The first ten cars will take visitors to the auto show, and then they will stay in the United States for further testing,” a company representative told Reuters. …read more […]

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Spirit Airlines close to agreeing major Airbus order: sources

Such a deal would be the first for the European planemaker since the United States imposed 10% tariffs on some of the planes it offers to U.S. carriers last week, part of a long-running transatlantic trade dispute over aircraft subsidies. Airbus declined to comment. A deal of that size would be worth up to $12 billion at the most recent 2018 Airbus list prices, but industry sources say such deals typically involve discounts of at least 50%. …read more […]

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Hedge Funds Have Never Been More Bullish On Amarin Corporation (AMRN)

There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […] …read more […]

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Nike, Under Armour, ServiceNow shuffle execs in wave of shake-ups

The third-quarter in 2019 had the highest CEO turnover rate in recent history, according to outplacement firm Challenger Gray and Christmas. The latest departures include the chief executives at Nike, Under Armour, ServiceNow, SAP, and more. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s going on inside the c-suite. …read more […]

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UPDATE 2-Rogers Communications cuts full-year revenue, core profit forecasts

Rogers Communications Inc cut its full-year sales and core earnings forecasts on Wednesday, as the Canadian company’s revenue from sale of additional data packages took a hit from customers switching to its new unlimited data plans. It expects the revenue decline from customers shifting to the unlimited plans to be spread over four to five quarters, compared with its earlier expectation of six to eight quarters. The company’s unlimited data plan, Rogers Infinite, launched late in the second quarter, has about 1 million subscribers. …read more […]

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Here is What Hedge Funds Think About Universal Display Corporation (OLED)

There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […] …read more […]