All main U.S. stock indexes closed higher on Tuesday, with the Dow finishing at its 47th record for 2017, as optimism appeared to grow ahead of the start of the earnings season, which will provide concrete insight into the state of U.S. corporations.
Apple (NASDAQ:AAPL) Pay Cash Card could increase Apple’s take-rate by 9 times, thereby accelerating the future growth of Apple’s Services revenue segment. With Apple Pay growing at 500% y/y, in a few years, Apple Pay Cash could add an incremental $1 billion to revenue. And given the infrastructure and cost per transaction not likely changing, we believe that most of this $1 billion will....More>>>
Fitbit (NYSE:FIT) recently announced an executive shakeup and business realignment to “reignite growth” at the struggling wearables maker, which lostmore than 60% of its market value over the past 12 months. Chief Business Officer Woody Scal andExecutive VP Tim Roberts, who oversaw the company’s social networking efforts, announced that they would step down at the end of March.....More>>>
Intrexon (XON) has made a small yet strategic acquisition in buying GenVec (GNVC); with the purchase, XON gets AdenoVerse, a platform of adenovirus vectors for delivering drugs and vaccines that dovetails nicely with its existing suite of gene therapy technologies, suggests John McCamant, editor of The Medical Technology Stock Letter.
The ability to increase the payloads of viral vectors....More>>>
Our primary theme for Corning’s (NYSE:GLW) shares as an investment has been a theme of transformation towards balancing revenue/earnings across all of its divisions more evenly and lessening dependence on the company’s price sensitive LCD glass business. This transformation is being accomplished in two ways. One way is the company’s ongoing acquisitions to fold into its non-display....More>>>
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Wells Fargo & Co. is benefiting from higher interest rates and increased fee income from cards and deposit accounts as Chief Executive Officer Tim Sloan plans cost cuts and works to recover from a scandal in the retail....More>>>
Yesterday, ExxonMobil (XOM) reported earnings that didn’t do much to excite investors, and today its shares are falling again, making my bearish call from Jan. 14 look better and better. Strategas Research Partners’ Chris Verrone and team note that Exxon–the largest stock in the Energy Select Sector SPDR ETF (XLE) with a 16% weighting–continues to weigh on the energy sector:
Yet another profit upgrade sent Fever-Tree Drinks Plc shares soaring in early London trading, propping up an already giddy valuation for the U.K. maker of premium tonic water and lemonade. Shore Capital analysts say that while they can see the growth opportunity, a price-to-earnings ratio o
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W