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Caterpillar turns bearish on trimming fiscal 2016 outlook
Construction and engineering equipment manufacturer Caterpillar (CAT) reported its fiscal 2016 first-quarter earnings, which fell short of analysts’ estimates by a narrow margin. However, the first-quarter revenue was above the consensus estimate. A trader can expect the share price, which
Read MoreArcelorMittal signals uptrend on turnaround plan
Following the news of the sale of Scunthorpe division of Tata steel (UK) to Greybull Capital, the share price of ArcelorMittal (MT) increased about 20% or $1 in a week to end at $5.50 on Friday. A close look at
Read MoreYahoo signals bearish reversal on lower revenue guidance
The last day to submit bids to acquire the search engine company Yahoo (YHOO) is on April 11th, 2016. However, considering the complex issues faced by the company, potential bidders are quite nervous, according to the report by the technology
Read MoreFacebook signals breakout on strong fundamentals
On March 30th, 2016, the shares of social networking service Facebook, Inc. (FB) touched a high of $116.99, which was only $0.60 away from the 52-week high of $117.59. Merely looking at the PE ratio of about 88, a trader
Read MorePetrobras remains bearish on high levels of debt
On March 22nd, 2016, the shares of Petrobras (PBR) touched a high of $5.77 in the NYSE. The share price was more than twice the $2.71 per share traded in January 20th, 2016. The recovery in the price of crude
Read MoreGoogle’s Android Pay Expected To Enter The UK Soon
Google has confirmed that it is rolling out its digital wallet service Android Pay to the United Kingdom (UK) very soon but did not confirm on a possible date. This new service allows users to use their mobile phones to
Read More3M stock to decline on litigation concerns
In the past two months, the share price of Post-it products manufacturer 3M (MMM) had risen 20% to touch a high of $165.33. The main reason for the uptrend was the fourth-quarter revenue and earnings that beat analysts’ estimates. While
Read MoreBritain’s Fraud Investigating Body Shuts Down Libor Rigging Probe
Britain’s Serious Fraud Office (SFO) has announced that it is ending its investigations into allegations of massive collusion to fix the benchmark interest rate or the London Inter-bank Offer Rate (Libor). It suspended the investigation citing the low probability of
Read MoreSingapore Dollar Remains Bearish On Deflationary Pressure
Singapore has the third highest GDP per capita in the world and is arguably the most developed country in Asia. The country is a leading beneficiary of foreign direct investment and heavily dependent on the export of refined oil and
Read MoreUK Market Shaken After London Mayor Decides To Support Brexit
In a move that could have a major impact on the upcoming referendum in Britain on whether to remain in the European Union (EU), Boris Johnson, the Mayor of London, has declared his support for the Vote Leave campaign, which
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