Economic Data

Markets Grow Calm, LA Times Sold for $500m

Wednesday, February 7, 2018 Markets finally settled down Tuesday after a big storm that lasted the past few trading days, taking roughly 6% off the highs, which happened to be all-time records. For sure we’ve seen some casualties, but indexes around the world look to have survived mostly intact. Overnight and into the morning hours overseas, we see Japan’s Nikkei index up 0.2% after getting hit hard previously (-4.7% on Tuesday), while stocks in Europe are finishing in positive territory for the first time in the last 8 days […]

Economic Data

LA Times Sold By tronc

Markets finally settled down Tuesday after a big storm that lasted the past few trading days, taking roughly 6% off the highs, which happened to be all-time records. For sure we’ve seen some casualties, but indexes around the world look to have survived mostly intact. Overnight and into the morning hours overseas, we see Japan’s Nikkei index up 0.2% after getting hit hard previously (-4.7% on Tuesday), while stocks in Europe are finishing in positive territory for the first time in the last 8 days. […]

Stock Analysts

Barrick (ABX) Announces Pascua-Lama Project Status Update

Barrick Gold Corporation ABX issued an update on the Pascua-Lama project status. The project is located on the Chile-Argentina border. In January 2017, Barrick reported that the existing infrastructure on the Chilean side of the Pascua-Lama project was ordered to be closed by Chile’s Superintendencia del Medio Ambiente (“SMA”). […]

Stock Analysts

AGCO Corp (AGCO) Misses on Q4 Earnings, Issues 2018 View

AGCO Corporation AGCO reported adjusted earnings of $1.10 per share in fourth-quarter 2017, up 55% from 84 cents per share recorded in fourth-quarter 2016. However, earnings missed the Zacks Consensus Estimate of $1.11. Including restructuring and other infrequent expenses, the company reported earnings of 55 cents per share in the quarter compared to 77 cents per share reported in the prior-year quarter […]

Stock Analysts

Moody’s Affirms Wells Fargo Ratings, Outlook Down to Negative

Moody's Investors Service, a rating arm of Moody's Corporation MCO , recently affirmed all the ratings of Wells Fargo WFC and its subsidiaries. The Wall Street biggie’s long-term deposit rating has been affirmed at A2, senior debt rating at Aa2 and subordinated debt rating at Aa3. The bank’s counterparty risk assessments is Aa1(cr)/Prime-1(cr). […]

Stock Analysts

Akamai (AKAM) Earnings & Revenues Beat in Q4, Guides Well

Akamai Technologies Inc. AKAM reported non-GAAP earnings of 69 cents per share for fourth-quarter 2017, down 4.2% year over year (up 1% adjusted for foreign exchange and the dilutive effect of the SOASTA and Nominum acquisitions). Nevertheless, it surpassed the Zacks Consensus Estimate of 63 cents per share and increased 11.3% on sequentially. […]

Stock Analysts

Cabot (CBT) Earnings & Revenues Surpass Estimates in Q1

Cabot Corporation CBT incurred net loss of $122 million or $1.98 per share in the first quarter of fiscal 2018 (ended Dec 31, 2017) against a net profit of $55 million or 86 cents a year ago. Barring one-time items, adjusted earnings for the reported quarter were 93 cents per share (up from 85 cents a year ago), which surpassed the Zacks Consensus Estimate of 78 cents. Net sales increased around 17.8% year over year to $720 million in the quarter […]

Stock Analysts

Enrich Your Portfolio With the 5 Best Profitable Stocks

A profitable company’s biggest success lies in providing big returns to its investors even after meeting all its operating and non-operating costs. If a profitable company has weak fundamentals it might weigh on the performance of its stock. However, studies have shown that a highly profitable company generally brings significant gains for investors. […]