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Novartis buys Ziarco and its potential eczema drug
The stock of Swiss multinational pharmaceutical company Novartis Ag (NYSE: NVS) had appreciated by about 6% to $71.77 in the past one week. To a certain extent, the retail traders were surprised by the uptrend due to the fact that
Read MoreRatings downgrade weaken American Express
The stock of American Express Company (NYSE: AXP) is trying to consolidate after recording a 12-month high of $75.20. The company had reported impressive third-quarter earnings that surpassed the analysts’ estimates. Furthermore, the news of acquisition of mobile security company
Read MoreBoA signals bearish reversal after going ex-dividend
Since November 2nd , the stock of Bank of America Corporation (NYSE: BAC) has appreciated by about 30% to $21.19, from a low of $16.80. The Charlotte, North Carolina-based bank reported fiscal 2016 third-quarter earnings of $4.96 billion or $0.41
Read MoreAmazon ready to capitalize on rise in holiday spending
The arrival of the shopping season has once again turned the investors’ interest towards the stocks of online retailers. It’s not a wonder that the e-commerce and cloud computing company Amazon.com Inc (NASDAQ: AMZN) tops the list. The stock lost
Read MoreNovartis turns bullish as Gleevec sales exceeds view
Concerns over the decline in the sales of blood cancer drug Gleevec, which had lost its exclusivity earlier this year, triggered a sell-off in the shares of Europe’s second biggest drug manufacturer Novartis Ag (NYSE: NVS) thereby leading to a
Read MoreTwitter Signals Uptrend As Q3 Loss Narrows
The news of a possible takeover of social media platform provider Twitter Inc (NYSE: TWTR) kept the stock in a bullish orbit in early October. In anticipation of the same, On October 3, we had recommended purchasing a one touch
Read MoreWynn Resorts to rise on increase in Macau gaming revenue
Casino operator Wynn Resorts (NASDAQ: WYNN) reported a swing to a loss in the fiscal 2016 third quarter, compared to net profit in the similar period last year. More importantly, the company fell short of market expectations of revenues from
Read MoreCiti turns weak on y-o-y decline in Q3 earnings
The shares of banking giant Citigroup Inc (NYSE: C) continue to gain ground for the past three weeks. Last Thursday, the stock touched a high of $50.63, which is close to the maximum target price of $51 suggested on October
Read MoreAmazon turns bullish on forecast of strong holiday sales
The e-commerce and cloud computing company Amazon Inc. (NASDAQ: AMZN) is expected to report its fiscal 2016 third-quarter results on Thursday, after market close. During the past two quarters, the company had surpassed the estimate of analysts by a margin
Read MoreSears gets temporary respite through asset sales
The owner of Sears and Kmart brand stores, Sears Hldgs Corp (NASDAQ: SHLD), reported a swing to a loss in the fiscal 2016 second quarter, compared to profit in the similar period last year. The company also received $300 million
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