Bank of America turns bullish as Q3 results top estimates
Despite the low interest rate environment, cost cutting measures enabled the Bank of America Corp (NYSE: BAC) to report strong and impressive fiscal 2016 third-quarter results. The second largest US bank in the US reported third-quarter 2016 net income of
Read MoreIntel turns weak on soft Q4 revenue outlook
The share price of chip maker Intel fell 3% during the extended trading session on Tuesday last week, even after reporting fiscal 2016 third-quarter earnings that beat analysts’ estimates. Surprisingly, the seemingly successful transformation of the company to cloud computing
Read MoreVolvo turns bullish on rising worldwide demand
Following the fiscal 2016 second-quarter results that topped the analyst expectations, the stock of automobile manufacturer Volvo (OTC: VLVLY, SS: VOLVB) has risen by about 20% to $10.93. The company is expected to report its fiscal 2016 third-quarter results on
Read MoreAIG valuations to rise on improved performance
Multinational insurance corporation American International Group Inc. (NYSE: AIG) reported the lowest second-quarter operating income in the aftermath of the 2008 credit crisis. However, it did not deter the investors from pushing the share price by about 10% to $59.80
Read MoreAttractive valuations signal further uptrend in Citigroup
In the first two months of 2016, the share price of the banking and financial services corporation Citigroup Inc. (NYSE: C) fell nearly 30% to touch a low of $36.98. However, improved performance in the last two quarters enabled the
Read MoreBaidu remains weak on loss of rev. from healthcare advt.
After rallying nearly 24% to $197.80 in less than two months, the share price of Chinese search engine company Baidu, Inc. (NASDAQ: BIDU) is showing signs of weakness. The stock closed Monday’s trading session at $188.86. The rally was mainly
Read MoreF5 Networks remain bullish on upbeat Q4 view
Application Delivery Network (ADN) technology provider F5 Networks, Inc. (NASDAQ: FFIV) saw its shares record a new 12-month high of $127.13, following the release of fiscal 2016 third-quarter results that surpassed the analysts’ expectations. However, the stock, which closed at
Read More102% rise in Azure revenue turns Microsoft bullish
Even after reporting a 7% decline in the fiscal 2016 fourth-quarter revenue, the share price of Microsoft Corporation (NASDAQ: MSFT) continues to remain bullish. The stock, which closed at $56.21 on Friday, recently hit a 12-month high of $58.70. It
Read MoreNike signals bearishness post-Rio Olympics
As the curtain was drawn on the Rio Olympics, there was one stock which caught the market’s attention. It was Nike, Inc. (NYSE: NKE), the renowned sportswear and apparel manufacturer. During the first three weeks of August, the share price
Read MoreIntuit swings to loss in Q4, issues poor Q1 FY17 view
Tax preparation software provider Intuit Inc. (NASDAQ: INTU) reported a swing to a loss in the fiscal 2016 fourth-quarter, compared to the prior year’s similar period. The market participants were not impressed even after the company’s earnings and revenue topped
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