Binary
F5 Networks miss Q2 2017 estimates, issues poor Q3 2017 outlook
The stock of F5 Networks Inc. (Nasdaq: FFIV), an internet traffic and content management solutions provider, plunged about 7% last week to close at $129.13. Analysts attribute lower than expected fiscal 2017 second quarter results for the decline in the
Read MoreCitigroup up on Q1-2017 earnings beat, attractive valuations
The stock of Citigroup Inc (NYSE: C), which closed at $59.. yesterday, has so far gained nearly 3% this week. The main reason for the appreciation in the share price is the 17% y-o-y increase in the fiscal 2017 first-quarter
Read MoreIron ore rout weakens Rio Tinto
The stock of Rio Tinto Plc lost about 5%, or $1 billion of its market capitalization, last week to close at $38.94. No trophies for guessing the reason! The price of iron ore fell below $70 per ton. This gave
Read MoreGreenpeace accuses Coca-Cola of adding to pollution
Higher than anticipated revenue and earnings in Q4-2016 pushed the stock price of Coca-Cola Company (NYSE: KO) to a high of $42.84 last week. The uptrend was also aided by an organic revenue growth outlook of between 3% and 4%
Read MoreVivendi remains bullish on analysts upgrade
Media content provider Vivendi SA (OTC: VIVHY) reported a decline in earnings from continuing operations in fiscal 2016 fourth-quarter. However, considering the efforts taken by the company’s subsidiary Canal Plus to regain market share, and better than anticipated Q4 2016
Read MoreNovartis turns bearish on poor Q1-2017 estimates
The failure of serelaxin, a medicine intended to treat acute heart failure, in the phase 3 trial resulted in a near 3% decline of the stock of Novartis Ag (NYSE: NVS) to $74.17 last week. Since then, the stock is
Read MoreMorgan Stanley downgrades Boeing on slowdown of orders
On the basis of a decline in military sales and asset base, on March 6th , we had recommended buying a put position in the stock of aircraft manufacturer Boeing Co (NYSE: BA). At that time, the stock was trading
Read MoreCrude price below $50 turns Exxon bearish
The market fancied a huge rally in the price of crude oil in December 2016, following the production cut agreement reached between the OPEC and other oil producing countries, including Russia. Even fundamentally poor performance in the fiscal 2016 fourth-quarter
Read MoreVolkswagen pleads guilty in US Court on emission scandal
In the last week of February, German automaker Volkswagen AG (OTC: VLKAF) reported a swing to profit in the fiscal 2016, compared to a net loss in the prior fiscal year. It can be remembered that the owner of Porsche
Read MoreBoeing signals downtrend on overstretched valuations
An annual dividend yield of 3.39%, which is higher than S&P’s 2%, and an increase in the stock buyback program propelled the stock of the world’s largest aircraft manufacturer Boeing Co (NYSE:BA) to a 12-month high of $185.71 last week. While
Read More