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Intel beats Q2 2017 estimates, raises FY17 outlook

The stock of chip maker Intel Corp (NASDAQ: INTC) is just about 6% below the 12-month high of $38.45. The stock has gained about 1.5% in the past one week, after reporting better than anticipated fiscal 2017 second-quarter results. The

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NYC Mayor Asks Wealthy New Yorkers To Pay More Taxes

New York City Mayor Bill de Blasio has proposed a new tax on wealthy New Yorkers to fund the repairs for the city’s crumbling subway. The plan will also support a measure which will offer half-price MetroCards for low-income users,

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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

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Citigroup 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

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Underweight 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,

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Cisco 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.

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Micron 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

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Walt 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

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Israel 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

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Lukoil 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

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