No Picture
Trading Ideas

To beat porch thieves, Amazon slips packages in car trunks

All that is required to have packages delivered to a car is downloading an app from Amazon and linking it to the vehicle’s so-called connected car service, such as General Motors Co’s (GM.N) OnStar system or Volvo Car Group’s On Call service. The in-car delivery effort is part of Amazon’s drive to leave packages where they cannot be easily stolen. Since 2011, Amazon has offered secure lockers for urban customers. …read more […]

No Picture
Trading Ideas

Wynn Resorts (WYNN) Shares Dip After Hours Despite Q1 Earnings Beat

Wynn Resorts, Limited (NASDAQ:WYNN) reported its latest quarterly results after the bell Tuesday, topping analysts’ expectations. The company brought in first-quarter revenue of $1.72 billion, rising 20.5% compared to the year-ago period thanks in part to its Macau-based Wynn Palace and Wynn Macau resorts, as well as its business in Las Vegas, both of which saw their sales increase. The company’s Macau gaming sales rose during the quarter, topping expectations in January and March, but missing the mark in February. …read more […]

No Picture
Trading Ideas

Lockheed Martin shares fall as cash flow outlook disappoints

Lockheed reported a better-than-expected quarterly profit and raised its full-year forecast, helped in part by higher sales of its stealthy F-35 combat jets. The outlook for annual cash flow was the only major financial category that Lockheed did not revise higher. “There could be some modest disappointment that the cash guidance has not been raised, but it is early in the year and cash is trickier to predict,” analyst Robert Stallard of Vertical Research said in a note. …read more […]

No Picture
Trading Ideas

PG&E, Edison Surge as California Amends a Bill on Wildfires

California utility giants PG&E Corp. and Edison International surged on Tuesday as California policy makers amended a bill to address future wildfire damages that the companies may be on the hook for. California senators were amending legislation on Tuesday to detail what utilities may be responsible for covering if their power lines were the cause of future wildfires, Paul Payne, a spokesman for state Senator Bill Dodd, a sponsor of the bill. PG&E surged as much as 7.3 percent on the news, and Edison jumped 4.1 percent. …read more […]

No Picture
Trading Ideas

Wall St sunk by corporate cost warnings, bond nerves

Google-parent Alphabet (GOOGL.O) sank 4.9 percent, erasing all its gains for the year, as investors focused on the company’s rising expenses and shrinking margins rather than a profit beat. Caterpillar (CAT.N) sank 6.6 percent after it warned of the impact of steel price hikes on its business. The stock had gained as much as 4.6 percent earlier on a strong set of quarterly results and full-year outlook. …read more […]

No Picture
Trading Ideas

To beat porch thieves, Amazon slips packages in car trunks

All that is required to have packages delivered to a car is downloading an app from Amazon and linking it to the vehicle’s so-called connected car service, such as General Motors Co’s OnStar system or Volvo Car Group’s On Call service. The in-car delivery effort is part of Amazon’s drive to leave packages where they cannot be easily stolen. Since 2011, Amazon has offered secure lockers for urban customers. …read more […]