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Home Depot to break yearly high on strong FY16 outlook
The share price of the world’s largest home improvement retailer, Home Depot, Inc. (HD), is on the verge of breaking the12-month high of $137.82 per share. One of the main reasons for the bullishness is the fiscal 2016 first-quarter revenue
Read MoreEurozone Reaches Agreement For Greece Bailout Package
Eurozone officials have approved the release of a bailout package worth €10.3 billion to Greece after the International Monetary Fund (IMF) softened its stand on requiring immediate debt relief measures Greece’s international creditors came to an agreement in a meeting
Read MoreMonsanto to buckle once excitement over Bayer’s bid fades
Last Wednesday, Biotech firm Monsanto (MON) announced that German drug and chemicals company Bayer AG has offered to acquire the former in an all cash deal worth $62 billion. Monsanto, which was trading at about $91 ten days ago, closed
Read MoreNVIDIA Q1 earnings beat estimates; hits all time high
Last Friday, NVIDIA (NVDA), the leader in visual computing technologies, reported a splendid fiscal 2017 first-quarter earnings that beat estimates. The company also announced an upbeat second quarter outlook. The inventor of the Graphics Processor Units (GPU) fared well in
Read MoreBetter margins & rise in CET 1 ratio turns ING bullish
Renowned Dutch bank ING Groep N.V. (ING) reported a 29% decline in the fiscal 2016 first-quarter profit, on a y-o- y basis. However, the revenue and earnings report reveal that the financial institution has made huge strides towards better efficiency
Read MoreGilead turns bearish on declining sales of antiviral drug
Last Thursday, Biopharmaceutical company Gilead Sciences (GILD) reported its fiscal 2016 first-quarter revenue and earnings that missed the analysts estimate. Following the earnings report, the shares of Gilead Sciences has so far lost about 11% to close at $87.17 on
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