Smith & Wesson turns bullish on strong Q1, Fy17 outlook
Gun manufacturer Smith & Wesson Holding Corporation (SWHC) reported a better than expected fiscal 2016 fourth-quarter revenue and non-GAAP earnings. The market responded positively to the news and lifted the share price to $23.65, up $1.90 or 8.74% from Thursday’s
Read MoreZloty weakens on Polish Minister’s conservative statement
The last few days saw the Pound consolidating against the Polish Zloty. That looks contrasting in the sense that Pound is on a downhill against almost all other major currencies. From a low of 5.4881, the GBPPLN currency pair touched
Read MoreBats Europe Launches Competing Index To UK FTSE 100
Bats Europe, one of the largest European stock exchange operators has launched a new set of benchmark indices focused on the UK market in an attempt to challenge the domination of London Stock Exchange. The new indices numbering 18 in all are
Read MoreMicrosoft Announces Acquisition of LinkedIn For $26.2 Billion
Microsoft announced at the start of this week that it was in the process of acquiring LinkedIN, a professional based networking website for $26.2 billion. The acquisition has come as a surprise to many and some analysts believe that Microsoft
Read MoreEuro to decline on Brexit fears
Last Friday, a series of positive economic data propelled the Euro against most of the currencies, including the Mexican Peso. Furthermore, the weakness in the US dollar, which shares an inverse correlation with the Euro, indirectly contributed to the strength
Read MoreFive below turns bullish on strong Q2 & FY16 outlook
Last week, speciality value retailer Five Below, Inc. (FIVE) announced its fiscal 2016 first-quarter earnings and revenue that surpassed the Wall Street estimates. The results took the share price to a new 12-month high of $45.36. While the rationale behind
Read MoreUS dollar to decline on possible delay in Fed rate hike
The speculation of a Fed rate hike resulted in an uptrend in the USDZAR pair, which hit a high of 15.9818 on May 19th . The impeachment proceedings against the South African President, Jacob Zuma, also aided the rise of
Read MoreEuropean Stock Markets Jittery From Fears Of Possible Brexit
Stock markets in Europe are witnessing a declining trend as concerns grow around global growth prospects against the background of weak manufacturing data, the Brexit referendum in Britain and the upcoming European Central Bank (ECB) policy meeting. Mining stocks fell
Read MoreJinko Solar beats Q1 estimates, issues strong Q2 outlook
Last week, solar power panel manufacturer Jinko Solar Holding Co., Ltd. (JKS) reported an exceptional fiscal 2016 first-quarter earnings and revenue that surpassed the analysts’ estimates by a huge margin. However, the share price is yet to see an uptrend.
Read MoreGameStop beats Q1 earnings estimates, turns bullish
Video game retailer GameStop Corp. (GME) reported better than expected earnings for the first-quarter of fiscal 2016. The revenue met the analysts’ estimates. However, due to weak second quarter outlook, the shares of GameStop fell 3.94% to close at $28.80
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