Trading Ideas
How Qualcomm, Inc. Could Win Back Apple Inc. iPhone Modem Orders
Qualcomm could capitalize on the stumbles of its biggest competitor. …read more […]
Month: April 2018
Business News
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield , a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day.
Trading Ideas
Wynn Resorts (WYNN) Shares Dip After Hours Despite Q1 Earnings Beat
Wynn Resorts, Limited (NASDAQ:WYNN) reported its latest quarterly results after the bell Tuesday, topping analysts’ expectations. The company brought in first-quarter revenue of $1.72 billion, rising 20.5% compared to the year-ago period thanks in part to its Macau-based Wynn Palace and Wynn Macau resorts, as well as its business in Las Vegas, both of which saw their sales increase. The company’s Macau gaming sales rose during the quarter, topping expectations in January and March, but missing the mark in February. …read more […]
Business News
DoubleLine’s Gundlach says U.S. Treasuries are ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries are “not attractive” even though the benchmark 10-year Treasury yield crossed the critical 3 percent threshold earlier in the day.
Business News
Lockheed lauds U.S. arms sales push, sees foreign sales rising
BERLIN (Reuters) – Top U.S. weapons maker Lockheed Martin Corp welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past.
Business News
Trump says NAFTA talks going ‘nicely,’ Canada sees progress on auto rules
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.
Business News
Exclusive: Shire, Takeda reach breakthrough in deal talks – sources
(Reuters) – London-listed drugmaker Shire Plc and Japan’s Takeda Pharmaceutical Co Ltd plan to announce a preliminary deal on Wednesday, after the latter sweetened its $62 billion acquisition offer, people familiar with the matter said.
Trading Ideas
Illumina: 1Q Earnings Snapshot
On a per-share basis, the San Diego-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, came to $1.45 per share. The results topped Wall Street expectations. The … …read more […]
Trading Ideas
Lockheed Martin shares fall as cash flow outlook disappoints
Lockheed reported a better-than-expected quarterly profit and raised its full-year forecast, helped in part by higher sales of its stealthy F-35 combat jets. The outlook for annual cash flow was the only major financial category that Lockheed did not revise higher. “There could be some modest disappointment that the cash guidance has not been raised, but it is early in the year and cash is trickier to predict,” analyst Robert Stallard of Vertical Research said in a note. …read more […]
Business News
Wall Street slides as high bond yields fan cost worries
NEW YORK (Reuters) – U.S. stocks slid on Tuesday as 10-year Treasury yields hit 3 percent for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks.
Trading Ideas
What’s left of Yahoo slapped with $35 million fine over 2014 data breach
In 2014, Yahoo suffered a breach that exposed personal data for 500 million …read more […]
Business News
Toys ‘R’ Us sets up $156 million fund for trade claims: lawyer
(Reuters) – Toys ‘R’ Us will set aside about $156 million to pay vendors for toys and merchandise shipped after the U.S. retailer’s Chapter 11 bankruptcy filing last September, a lawyer for the company said on Tuesday.
Business News
Apple shares drop on more warnings from iPhone supply chain
SAN FRANCISCO (Reuters) – Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones.
Trading Ideas
PG&E, Edison Surge as California Amends a Bill on Wildfires
California utility giants PG&E Corp. and Edison International surged on Tuesday as California policy makers amended a bill to address future wildfire damages that the companies may be on the hook for. California senators were amending legislation on Tuesday to detail what utilities may be responsible for covering if their power lines were the cause of future wildfires, Paul Payne, a spokesman for state Senator Bill Dodd, a sponsor of the bill. PG&E surged as much as 7.3 percent on the news, and Edison jumped 4.1 percent. …read more […]
Trading Ideas
Stocks are getting smoked, and companies can't step in to stop it
Stocks were selling off hard on Tuesday as the market lost steam steadily throughout the trading day. …read more […]