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What Analysts Are Saying About IBM's Outlook
Tuesday, April 19, 2016 - 1:49pm | 531Read More...Shares of International Business Machines Corp. (NYSE: IBM) fell more than 6 percent despite reporting better-than-expected results. Investors aren't impressed with the company reporting revenue drop for the 16th straight quarter, hurt by customer migration to cloud services. "A bevy...
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Big Banks In The Spotlight As New Earnings Season Begins
Saturday, April 9, 2016 - 4:07pm | 703Read More...The first-quarter earnings reporting season kicks off this week. Among the first companies to share their results will be the big U.S. banks. Wall Street analysts are looking for shrinking earnings from them. The new earnings season kicks off this week, and among the earliest to report their...
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Pre-Merger Earnings Expectations For Rite Aid, Walgreens And Bed Bath & Beyond
Sunday, April 3, 2016 - 4:39pm | 783Read More...Two merging drug store giants are scheduled to share their latest earnings reports this week. Wall Street consensus forecasts see earnings growth from just one of them. A domestics superstore operator is also on deck this week to post its latest quarterly results. Before the new earnings...
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DeVry Shares Continue Charge Lower, Down Nearly 30% Since January
Wednesday, March 30, 2016 - 10:07am | 183Read More...Shares of DeVry Education Group Inc (NYSE: DV) were trading lower by more than 7 percent ahead of Wednesday's opening bell on no confirmed news. According to Reuters, DeVry's stock was trading lower following an unregistered block sale. The publication, citing its sources, stated that Citigroup...
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Red Hat Shares Lower Following Q4 Results; Analysts Weigh In
Wednesday, March 23, 2016 - 11:34am | 472Read More...Shares of enterprise software maker Red Hat Inc (NYSE: RHT) were down more than 4 percent Wednesday after its fourth-quarter billings missed consensus view. For the fourth quarter, billings grew 11 percent to $763.9 million, but came in below Street's $771.6 million. However, the company's earnings...
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What A Brexit Could Mean For U.K. ETFs
Monday, March 14, 2016 - 2:06pm | 538Read More...The Guggenheim CurrencyShares British (NYSE: FXB) is down 2.6 percent year to date, good for one of the worst performances among developed market currency exchange-traded funds. The iShares MSCI United Kingdom ETF (iShares Trust (NYSE: EWU)) is off 2.8 percent. Combine those showings and it is...
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Another Brexit ETF Idea
Friday, March 4, 2016 - 10:18am | 520Read More...With Great Britain's referendum on its future in the European Union slated for late June, there is increasing talk regarding which corners of the UK's financial markets are vulnerable. That speculation carries over to U.S.-listed exchange-traded funds such as the Guggenheim CurrencyShares...
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Citigroup Confirms Sale Of Its Stake In China Guangfa Bank
Monday, February 29, 2016 - 9:55am | 258Read More...Citigroup Inc (NYSE: C) announced on Monday it has reached an agreement to sell its 20 percent stake in China Guangfa Bank to China Life Insurance Company. The financial terms were not disclosed and the company said it is not material to its earnings. Reuters reported that the price tag on the...
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Brexit Prep With ETFs
Friday, February 12, 2016 - 10:14am | 620Read More...If not for a 3.3 percent year-to-date decline for the exchange-traded fund that acts as a proxy for the U.S. Dollar Index, the Guggenheim CurrencyShares British (NYSE: FXB) would be a dud among developed market currency ETFs. In fairness to the CurrencyShares British Pound Sterling ETF, its 1.8...
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The PayPal Buyback Surprised Citi Analysts; Firm Sees Stock Above $40
Thursday, January 28, 2016 - 12:51pm | 261Read More...Citi issued a company note on PayPal Holdings Inc (NASDAQ: PYPL) after the company reported strong fourth quarter results, particularly with regard to account growth and merchant acquisition. The firm rates PayPal as a Buy with a $41 price target. Analysts Ashwin Shirvalkar and Donald...
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More Big Banks In The Earnings Spotlight
Sunday, January 17, 2016 - 7:01pm | 605Read More...Fourth-quarter results from the big banks have been unimpressive so far. Analysts are looking for some earnings growth from Bank of America Corp (NYSE: BAC) this week. Wall Street expectations are lower for Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. Citgroup, JPMorgan and Wells...
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Here Is The Case For -- And Against -- Crude Oil
Tuesday, January 12, 2016 - 2:53pm | 274Read More...Oil continued its downward momentum on Tuesday and flirted even close to the $30 per barrel mark. The Financial Times interviewed 2 market experts, one bull and one bear, and summarized their analysis in a new report. The Bear Case Ed Morse, global head of commodities research at Citigroup, told...
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Earnings Season Kicks Off: The Big Banks
Monday, January 11, 2016 - 8:35am | 562Read More...The fourth-quarter reporting season kicks off this week. The first of the big banks are due to share their latest results by week's end. At least some earnings growth is expected from Citigroup, JPMorgan and Wells Fargo. The fourth-quarter reporting season kicks off Monday with the latest results...
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Earnings Expectations: Little Excitement For Bed Bath & Beyond And Monsanto
Sunday, January 3, 2016 - 7:27pm | 609Read More...Earnings reports are due from Bed Bath & Beyond Inc. (NASDAQ: BBBY) and Monsanto Company (NYSE: MON) this week. Wall Street expectations are mixed to low for their quarterly results. The fourth-quarter earnings season begins in mid-January. While we have turned the calendar page on a new...
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Earnings Expectations: High Hopes For KB Home And Walgreens
Sunday, January 3, 2016 - 7:20pm | 619Read More...Reports from KB Home (NYSE: KBH) and Walgreens Boots Alliance Inc (NASDAQ: WBA) highlight another quiet earnings week. Top-line and bottom-line growth are predicted for both of them. The fourth-quarter earnings season begins in mid-January. While we have turned the calendar page on a new year,...
