News
Eurozone 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
Read MoreCaterpillar 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
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