Commvault Systems Inc. (CVLT - Get Report) slipped 1.3% to $66.89 Monday after one of its shareholders reduced its position in the data protection and information management company. Elliot Management said in a Securities and Exchange Commission filing that it had lowered its stake in the Tinton Falls, New Jersey-based company to about 4%.READ MORE...

When Coca-Cola realized that people were drinking flavored sodas that were made by other manufacturers, it knew it should expand its range beyond Vanilla Coke and Cherry Coke. Earlier this month it announced the launch of Orange Vanilla Coke in North America, the first new flavor for its original drink in more than a decade.On Monday, Coke released a commercial for the drink, based around a 1970s car chase movie theme, coinciding with its store rollout.  READ MORE...

Terex Corp.’s shares climbed +3% on Monday, after the company reported fourth quarter earnings that edged past Wall Street estimates. The manufacturer of utility trucks and tower cranes raked in earnings of 51 cents per share in the fourth quarter, beating Zacks consensus estimate of 46 cents a share.The earnings per share was also higher from the year-ago quarter's figure, by a solid + 55%. The company’s revenue for the quarter increased +16% year-over-year to touch $1.23 billion – which is higher than analysts’ estimate of $1.2 billion (based on Zacks survey of analysts).

McDermott stock tumbled more than -6% in pre-market trading Monday. The offshore oil & gas-focused engineering and construction company’s adjusted loss per share of -$1.55 in the fourth quarter was way below Wall Street's earnings estimate of +17 cents per share.At $2.07 billion, the company’s quarterly revenue missed analysts’ estimate of $2.64 billion. David Dickson, president and chief executive officer of McDermott, attributed the company's fourth quarter results to significant non-recurring charges, including a $2.2 billion goodwill impairment charge.

On Monday, Barrick Gold Corp. announced its formal bid for acquiring Newmont Mining Corp. to create the world’s largest gold mining company. Barrick Gold’s proposed merger would be an all-share deal of close to $18 billion, involving an exchange ratio of 2.5694 Barrick shares for each Newmont share.According to Barrick, the merger if approved would lead to an estimated 14% increase in Newmont's current net asset value per share. Bristow is apparently hoping that the deal would not only result in creating the world’s “best gold company”, but also boost the overall gold industry’s prospects.

Warren Buffett feels that he might have overpaid for Kraft Heinz shares. In an interview with CNBC, the legendary investor and CEO of conglomerate Berkshire Hathaway rued, "I was wrong in a couple of ways about Kraft Heinz”, and admitted that Berkshire paid more than they should have for owning Kraft Heinz shares. However, Buffett still believes Kraft Heinz is “a wonderful business in that it uses about $7 billion of tangible assets and earns $6 billion pretax on that”, as mentioned by him in the interview.But he also indicated that for Berkshire’s investment to be successful,  Kraft has to earn $107 billion (versus $7 billion) since Berkshire and “certain predecessors” paid $100 billion in tangible assets. On Friday, shares of processed food giant Kraft Heinz tumbled more than -27%, following news of a $15 billion write-down on its Kraft and Oscar Mayer brands, disclosure of an ongoing Securities and Exchange Commission investigation into its accounting policy, the announcemen

Huawei launched a foldable smartphone on Sunday, striking back at Samsung just days after it launched the first consumer-ready foldable device. Read More...

Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. Read More...

Advertisers don't seem to mind the low ratings. These 'pod' advertising spots will be 30 seconds estimated to be worth between $2-$2.6 million each.For example, this year’s Super Bowl boasted a $5.25 million price tag for 30-second ads. Viewers are expected to see advertisements from big business houses like Cadillac, Google, Rolex, Verizon, Walmart, Budweiser, McDonald’s, Paramount and Walt Disney Studios, among others.

The report says it will no longer recommend the model, sending Tesla’s shares down by nearly 2%. According to the senior director of automotive testing at Consumer Reports, the reliability issues arise from electronics, navigation/infotainment screens, and other issues in terms of the trim breaking and the glass.He further pointed out the Model 3 owned and tested by Consumer Reports had a rear window with a small stress fracture. The slipping quality of the Tesla models has been a long-term concern among analysts who believe this is due to the ambitious ramping up of Model 3 production since last year.

The most powerful lever to ensure retirement security is working longer.  People who delay cla.ng their Social Security benefit until age 70 will generally have enough retirement income to maintain their preretirement standard of living.The goal of policy makers should be to eliminate impediments to working and increase incentives to stay in the workforce READ MORE...

Postal Service (USPS). On Thursday after the stock market closed, Stamps.com's chairman and CEO Kenneth Thomas McBride told analysts that the online shipping and mailing company no longer wished to maintain an exclusivity with the USPS alone, and instead was looking to forge collaborations with other carriers like FedEx and United Parcel Service too. USPS did not agree to the proposal, and this apparently led to Stamps.com deciding to end its partnership with the former. McBride is apparently also keen on leveraging Amazon’s foray into the shipping space. McBride mentioned that the company finds it unviable to continue being exclusive with just the Postal Service, since “customers can no longer survive on just the USPS” according to McBride.He has also indicated that Amazon is fast emerging as a potent force in the shipping sector especially with the latter’s fast delivery services, and hinted that working with Amazon is the smart thing to do.  

The chart shows a downward trend with an interesting trend line and the company’s fundamentals are unusual as well. Looking at the daily chart we see that the stock gapped lower back on October 23.The drop in the stock on that day caused the stock to drop below its 50-day moving average. The Tickeron AI Prediction tool generated a bearish signal on the stock on February 19 and that signal came with a confidence level of 65%.

I don’t know whether to classify 8x8 Inc. (Nasdaq: EGHT) as a software company or a communication services company.Regardless of the classification, the stock is hitting a key resistance point and a bearish signal was generated. We see on the daily chart that the stock fell below the $20.50 level back in October.

Canadian mining company Teck Resources (NYSE: TECK) struggled throughout 2018, but the stock is showing signs of life in 2019.The indicators did the same thing back in November when the first low was hit to start forming the trend channel. The Tickeron AI Trend Prediction tool generated a bullish signal on Teck Resources on February 14.

Warren Buffett’s Berkshire Hathaway lost more than $4 billion in a single day after shares of Kraft Heinz — one of the investor’s largest holdings — plunged on slew of bad news including a dividend cut and a government investigation.READ MORE...

He also raised price target for Intel stock to $64 a share from $55 a share, while expressing optimism about the chipmaker’s interim CEO Bob Swan, referring to him as “a more financially oriented CEO”. Swan took over the role of CEO around January-end, following the June 2018 resignation of Brian Krzanich.According to Intel, Krzanich violated Intel's non-fraternization policy.  Swan, 58, had served as chief financial officer at eBay Inc. for nine years, before joining Intel in 2016. With regards to the rating upgrade, Moore also appreciated what he felt was Intel’s increased focus on free cash flow over earnings, alongwith better M&A accretion.

Halozyme Therapeutics came out with a quarterly loss of $0.01 per share versus Wall Street's estimate of a loss of $0.02.Last quarter, it was expected that this biopharmaceutical company would post a loss of $0.23 per share when it actually produced a loss of $0.19. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Halozyme posted revenue of $60.23 million for the quarter ended December 2018.

RE/MAX came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share.These figures are adjusted for non-recurring items. Read more...

Consumer goods company Procter & Gamble wants to help people with household chores by doing their laundry.READ MORE...