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Concerns over rising costs & EU fine turns Google bearish
Last week, the world’s leading search engine provider Alphabet (NASDAQ: GOOGL) reported better than anticipated fiscal 2017 second quarter results. However, the stock was battered by speculators due to a $1.353 billion y-o-y decline in the Q2 2017 GAAP net
Read MoreCitigroup beats Q2 estimates, raises dividend by 100%
Investment banking and financial services corporation Citigroup Inc (NYSE: C) reported its fiscal 2017 second-quarter results that surpassed analysts’ expectations. However, the investors have not rewarded the stock so far. The 3% y-o-y decline in the net income is one
Read MoreUnderweight rating and EU investigation turn GE bearish
In the last week of April, diversified industrial giant General Electric (NYSE: GE) reported a swing to profit on a non-GAAP basis in the first-quarter of 2017, compared to a non-GAAP net loss in the similar period last year. However,
Read MoreCisco turns bearish on issuing poor FY17 outlook
On the basis of a decline in public sector business and headwinds faced by the company, we had forecasted a decline in the share price of Cisco. We took an interest to take a short position in Cisco Systems Inc.
Read MoreMicron remains a hot buy on attractive valuations
On March 13th, we had written an article on the efforts taken by the semiconductor chip manufacturer Micron Technology Inc. (NASDAQ: MU) to increase its market share. Additionally, we had also mentioned our intention to invest in a call option
Read MoreWalt Disney acquires full control of Disneyland Paris
Taking into account the lackluster media segment revenue in the second-quarter of fiscal 2017, we had conveyed our interest to purchase a put option in the stock of Walt Disney (NYSE: DIS) on May 15th . The stock, which was
Read MoreIsrael To Ban Binary Operators Targeting Overseas Customers
The Israeli government is pushing through a bill that will ban the highly controversial binary options industry that’s been accused of engaging in fraudulent and misleading transactions. Binary options are instruments by which a customer bets on whether the value
Read MoreLukoil beats Q1 2017 profit view, cuts production in Iraq
Last week, Russia’s second-largest oil producer, Lukoil (LUKOY, LKOD.LS) reported better than anticipated fiscal 2017 first-quarter earnings, compared to last year. The revenue in the March 2017 quarter grew 21.7% on y-o-y basis. However, the stock has not reacted positively
Read MoreTeva turns bullish on FDA’s approval for Atomoxetine
Israel-based Teva Pharmaceutical Industries Ltd (NYSE: TEVA) reported non-GAAP net income of $1.08 billion, or $1.06 per share, on revenues of $5.630 billion in the fiscal 2017 first-quarter. This compares with a non-GAAP net income of $1.17 billion, or $1.20
Read MoreUniCredit Q1 2017 profit rises 40.6% YoY, beats estimates
After a balance sheet clean-up that resulted in a loss of €11.8 billion in 2016, Italian lender UniCredito Italia Az (OTC: UNCFF) has begun the year well. Earlier this month, the largest Italian bank by assets reported 2017 first-quarter results
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