Canada is softening the rules of its multi billion-dollar competition for 88 new fighter jets to allow Lockheed Martin Corp to submit a bid, following a complaint by Washington, a Canadian government source said on Thursday. Read More...
Athletic apparel and footwear company Under Armour Inc UAA 0.81% is nearing the end of a three-year-long transformation, and the company is now ready to take the next steps, CEO Kevin Plank told CNBC's Jim Cramer Wednesday. Read More...
Medtronic (NYSE: MDT) has a definitive deal to acquire privately held Titan Spine, makers of titanium inter-body implant and surface technology. Read More...
Volkswagen has claimed that pre-orders for its ID.3 electric hatchback surpassed 10,000 cars in just 24 hours. Read More...
The stock has been trending lower since the beginning of December and has not been able to shake its downtrend the way the rest of the market has. Looking at the daily chart, connecting the highs from December and February we get the upper rail of a downward sloping trend channel.We saw a similar scenario in April before the stock dropped over 20%. The Tickeron AI Prediction tool generated a bearish signal toward Centene on May 8.
In somewhat of paired possibility, There are bearish signs surfacing on American Airlines (Nasdaq: AAL).Sales have only grown at a rate of 4% per year over the last three years and the profit margin is a paltry 6.3%.
It also brought the stock down to the lower rail of an upwardly-sloped trend channel and it caused the daily stochastic readings to move in to oversold territory. The lower rail and the 50-day moving average seem to be acting as support at this time and now the stochastic readings have made a bullish crossover.The last time the stock was set up like this was on March 8 and the stock rallied by over 22% in the next three weeks. In addition to the support and stochastics crossover, the Tickeron AI Trend Prediction tool generated a bullish signal for Devon on May 6.
When Alphabet (Nasdaq: GOOG) announced earnings on April 29, the company beat its EPS estimate, but it came up a little short on its revenue estimate.On May 6, after opening sharply lower the stock rallied back to close slightly higher.
Revenue grew +3% year-over-year. Disney completed its $71 billion acquisition of 21st Century Fox's entertainment assets during the second quarter.Its books included $373 million in revenue and $25 million in operating income from 11 days' ownership of Fox assets. Disney's direct-to-consumer segment surged +15% from the same quarter of prior year.
Notwithstanding the lack of reliable data typical of a company fresh on the public market, Lyft’s adjusted loss per share came at $9.02, and revenue at $776 million versus an expected $739.4 million. However, the steep loss was comparably lower than last year’s non-GAAP loss of $11.40 per share and analysts have reasons to believe that this trend will continue for the rest of 2019.For its second quarter, Lyft expects to report revenue between $800 million and $810 million with guided total revenue between $3.275 billion and $3.3 billion for the full fiscal year. Despite these results, Lyft’s user base has continued to grow over the first quarter of its fiscal year. The company said it had 20.5 million active riders in the quarter compared to 14 million in the first quarter of 2018.
It's rumored that American coffee giant Starbucks garnered an estimated $2.3 billion in free advertising when a similar looking coffee cup was spotted in one of the episodes of the HBO fantasy epic ‘Game of Thrones.'It was later revealed, however, that it was just a craft services cup! Close viewers could easily spot a cup incongruous to the setting of the drama and though the label was muddled in the show, within hours the speculation that it could be a Starbucks cup went viral on social media. Following this coffee cup hullabaloo, analysts tallied 10,627 mentions of Starbucks coffee and ‘Game of Thrones’ together across different online, TV and radio broadcasts across the world.
Renewed trade war fears triggered a bond market recession indicator on Thursday. The yield on the 10-year Treasury note fell below that of the 3-month bill, inverting part of the yield curve.The yield curve is the plot of interest rates of bonds having equal credit quality but differing maturity dates.
European stocks traded lower on Thursday, as trade tensions between the U.S. and China ratcheted up. The pan-European STOXX 600 closd provisionally down more 1.74% during afternoon deals.All sectors and major bourses were in negative territory, with the French CAC index recorded a 2% loss.
President Donald Trump said Thursday that tariffs are an "excellent" alternative to a trade deal with China, hours before Chinese officials were set to meet U.S. trade negotiators later in Washington.READ MORE...
President Donald Trump said Thursday that tariffs are an "excellent" alternative to a trade deal with China, hours before Chinese officials were set to meet U.S. trade negotiators later in Washington.READ MORE...
  Looking ahead, the company expects Q2 revenue to range between $220 million and $225 million – which is higher than the $218 million expected by analysts.Roku boosted its full-year guidance range to $1.03 billion to $1.05 billion (implies 40% growth at the midpoint), from the earlier forecast of $1 billion to $1.025 billion.
AMC Entertainment Holdings shares fell -6.3% Thursday, after the movie theatre chain reported wider-than-expected loss for the first-quarter. The company incurred a net loss of -$1.25 a share for the quarter, which is worse than the -55 cents loss a share that Wall Street analysts had expected.The U.S. industry box office plunged -16.2% to $2.4 billion in the first quarter, with a -14.8% decline in attendance, which AMC indicated as headwinds. AMC's revenue came in at $1.2 billion, missing the Street estimates of $1.19 billion.
Disney reported fiscal Q2 results that beat consensus expectations, but losses widened in its direct-to-consumer segment as the company continues to invests to become a leader in the streaming space. The Mouse House posted adjusted earnings of $1.61 per share on revenue of $14.92 billion.In the year-ago quarter, Disney posted adjusted earnings of $1.84 per share on revenue of $14.55 billion.
Novartis is buying dry-eye drug Xiidra from Takeda Pharmaceutical Co for up to $5.3 billion.The deal calls for $3.4 billion up front and milestone payments up to $1.9 billion, Novartis said.  The acquisition from Takeda, which is selling off medicine to reduce its debt, adds to several big Novartis transactions over the last year as the Swiss-based company continues to ramp up its portfolio and get rid of non-core assets to focus on prescription drugs.   
U.S.President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating our workers.”  
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