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Sanderson turns weak on missing Q3 revenue estimates
The shares of poultry farming company Sanderson Farms, Inc. (NASDAQ: SAFM) hit a 12-month high of $99.40 after the company announced its fiscal 2016 third-quarter earnings that beat the analysts’ estimates by $0.07. Considering the y-o-y decline in the revenues
Read MoreGermany Warns Against Britain Having It Easy Post Brexit
Germany's vice-chancellor Sigmar Gabriel has warned that Britain’s exit from the European Union (EU) must be dealt with appropriately without which the future of Europe could become doubtful. He said that Britain must pay the price of exiting Europe as
Read MoreGreenback turns stronger on Fed rate hike hint
On the 18th of July, we had recommended taking a long position in the USD/CAD pair near 1.2900 levels with a target of 1.3150. For binary traders, we had recommended purchasing a one touch call option. In a matter of
Read MoreU.S Pressures The EU Over Apple And Amazon Tax Dispute
The U.S. Treasury Department has sharply criticized the tax investigations carried out by the European Commission saying that it sets a bad precedent for international tax agreements. The EU is investigating a number of U.S based companies such as Apple
Read MoreEstée Lauder turns weak on missing Q4 rev. estimates
Cosmetics manufacturer Estée Lauder (NYSE: EL) reported a 5% y-o-y rise in the fiscal 2016 fourth-quarter revenue, compared to the prior year similar period. However, the investors remain largely pessimistic towards the share price due to poor fiscal 2017 first-quarter
Read MoreKiwi dollar strengthens on decline in unemployment rate
On August 8th , we had recommended taking a long position in the NZD/CAD pair with a target of 0.9520. For binary traders, we had suggested purchasing a one touch call option. In a matter of one week, the pair
Read MoreRising Inflation and Interest Rate Cuts Trouble Small UK Investors
With the recent cut in interest rates by banks and building societies, savers in Britain are now losing money in real terms. According to Moneyfacts, a financial research firm the average savings account today pays only 0.53 per cent while
Read MorePound to rise on better than expected YoY CPI data
The surprise outcome of the Brexit referendum enabled even the currencies of fragile economies to strengthen against the Pound. The South African Rand comes under that category. The GBP/ZAR pair declined for nearly five weeks in a row, thereby making
Read MoreFood distributor Sysco turns bullish as Q4 EPS tops view
Aided by lower food prices, the food product distributor Sysco Corporation (NYSE: SYY) posted a 10% growth in the fiscal 2016 fourth-quarter revenue, compared to the similar period last year. The earnings also topped the Wall Street estimates by $0.03
Read MoreUK Stock Market FTSE 100 Continues Its Strong Performance
Despite numerous doomsday predictions made ahead of the Brexit referendum, the FTSE 100 has zoomed up to a 14-month high and is not far away from reaching 7,000 soon. It is now 7 percent higher than what it was immediately
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