…and why it might be a buying opportunity. Sysco (SYY)–the food company, not the tech giant–is slipping today after reporting earnings that only met the Street consensus. Sysco reported a profit of 72 cents a share, in line with analyst forecasts, on sales of $14.4 billion, narrowly beating estimates for $14.34 billion. Still, that wasn’t enough for […]
The biotech sector could be on the verge of its next major leg higher. The key catalyst could be Vertex Pharmaceuticals Inc. (VRTX) and positive news on its latest Cystic Fibrosis data. As of July 19, the iShares Nasdaq Biotechnology ETF (IBB), a proxy for the biotech stocks, is sitting right at resistance around $320. […]
(Reuters) – Wells Fargo is poised to eliminate a number of its smaller businesses, the company’s chief financial officer said in an article published Sunday. The Financial Times reported that Wells Fargo will be spinning off a number of its products “worth hundreds of millions of dollars,” according to CFO John Shrewsberry, in order to […]
Sprint Corp.’s (S) Chairman Masayoshi Son met separately with Berkshire Hathaway’s (BRK.A) Warren Buffett and cable and media tycoon John Malone, possibly concerning an investment in the telecom company, according to the Wall Street Journal, sending the stock jumping 4.3% to $8.55 by Friday’s close. Though the details of the meeting have not been disclosed, […]
A study of analyst recommendations at the major brokerages shows that DigitalGlobe Inc (Symbol: DGI) is the #97 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In […]
A study of analyst recommendations at the major brokerages shows that Ternium S A (Symbol: TX) is the #16 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index , according to Metals Channel . The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders […]
In trading on Friday, shares of Total SA (Symbol: TOT) entered into oversold territory, changing hands as low as $48.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to […]
In trading on Friday, shares of Exterran Corp (Symbol: EXTN) crossed below their 200 day moving average of $25.23, changing hands as low as $25.12 per share. Exterran Corp shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of EXTN shares, versus its 200 day moving […]
Alibaba Group Holding Limited BABA is reportedly launching an Amazon AMZN like voice controlled speaker this week that is capable of taking orders in Chinese. According to media reports, Alibaba’s artificial intelligence research teams have been developing this device that will be launched exclusively in China and allow domestic customers to order from the company’s website. […]
Netflix (NASDAQ: NFLX) shareholders have had a good year so far. Six months into 2017, their stock has significantly outpaced the market despite an arguably lofty valuation. There’s no telling whether the second half of the year will be as bright for investors. But in any case, you can count on seeing plenty of volatility […]
With the share price of Whole Foods Market Inc. still hovering above the $42 price offered by Amazon.com Inc., speculation that another bidder could jump into the fray reached a fever pitch late last week, with one analyst suggesting Wal-Mart Stores Inc. was a likely suitor. By Monday morning, speculation about the Arkansas-based retail behemoth […]
A glimpse of Kroger’s (KR) share price movement reveals that it has plunged over 26% in the past five days. More A glimpse of The Kroger Company’s KR share price movement reveals that it has plunged over 26% in the past five days. In the past one month, the stock has nosedived roughly 24.6% compared […]
