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Anticipated decline in market share turns AMEX bearish
Credit card company American Express Co. (NYSE: AXP) reported almost a flat fiscal 2016 second-quarter revenue, compared to the similar quarter last year. The Q2 2016 earnings, however, topped the analysts’ estimates. The management had re-affirmed the fiscal 2016 earnings
Read MoreBP remains weak as Iraq, Libya adds to oil glut
The shares of oil and gas company British Petroleum, also referred to as BP Plc (NYSE: BP), have risen by about a dollar following the OPEC’s decision to limit their overall output to between 32.5 million and 33 million barrels
Read MoreWynn resorts turns bullish on GGR revival in Macau
The stock of Wynn Resorts, Limited (NASDAQ: WYNN), operator of high end hotels and casinos, recorded a 12-month high of $109.50 on September 15th . Since then, the stock has fallen about 7% to close at $102.14 on Friday. The
Read MoreGeneric drugs give bumpy ride to Novartis
The Diovan drug manufacturer Novartis (NYSE: NVS) has shown little movement, so far, after the release of its fiscal 2016 second-quarter results that beat the analysts’ estimates. One of the main reasons for the range bound movement between 80 and
Read MoreY-O-Y decline in operating margin halts eBay’s onward march
The shares of consumer-to- consumer and business-to- consumer e-commerce company eBay Inc. (NASDAQ: EBAY) hit a 12-month high of $32.81 last month. The market participants attribute the rise in the share price to the better than expected second-quarter results. While
Read MoreIntel remains bullish on partnership with ARM Holdings
The shares of semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) recorded a new 12-month high of $36.60 yesterday. So far this year, the shares have appreciated by about 20%. The company reported a 51% decline in the fiscal 2016 second-quarter
Read MoreSanderson 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 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 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 MoreEbix records new yearly highs as Q2 results tops estimate
Following record revenues of $72.57 million in the fiscal 2016 second-quarter, the shares of E-commerce solutions provider Ebix, Inc (NASDAQ: EBIX) recorded a new 12-month high of $55.82 on Tuesday. The second-quarter results also beat the revenue and earnings estimate
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