Articles by: Miroslav Marinoff

Exxon Mobil shares fall for a fifth session in a row on Thursday, RBC Capital revises down price target for the stock

Shares of Exxon Mobil Corporation (XOM) retreated to lows unseen in 7 1/2 weeks on Thursday, after RBC Capital revised down its price target for the stock due to exhausted potential of share buybacks in the future. Exxon Mobil shares closed lower for a fifth consecutive trading session on Thursday. The stock went down 0.80% […] Read more

General Motors shares fall for a second session in a row on Wednesday, company to launch new electric vehicles in 2021

General Motors Company (GM) was reported to be planning the launch of a new family of electric vehicles during 2021. The batteries of these vehicles are expected to be 30% cheaper compared to those included on the present Chevrolet Bolt model. General Motors shares closed lower for a second consecutive trading session on Wednesday. The […] Read more

Amazon shares close lower on Wednesday, more discounts revealed at Whole Foods ahead of Thanksgiving

More price cuts on grocery products at Whole Foods Market were revealed by Amazon.com Inc (AMZN) on Wednesday ahead of the Thanksgiving holiday. Amazon Prime members will be able to take advantage of larger discounts on particular items. The new wave of discounts adds to price cuts, which have already been introduced by Whole Foods […] Read more

Home Depot shares hit a fresh all-time high on Tuesday as company reports solid sales growth in third quarter, raises full-year forecast

Shares of Home Depot hit their highest price level on record at the close yesterday, after the company reported strong sales during the third quarter of fiscal 2017 and also raised its full-year forecast. Home Depot shares closed higher for a third consecutive trading session on Tuesday. It has also been the sharpest daily surge […] Read more

Goldman Sachs shares fall the most in a week on Tuesday, bank’s new consumer loans may reach $13 billion in three years

According to a statement by Marty Chavez, Goldman Sachs Groups Chief Financial Officer, on Tuesday, the value of the banks new consumer loans may reach $13 billion during the upcoming three years through its Marcus on-line lending business. Goldman Sachs shares closed lower for the sixth time in the past eight trading sessions on Tuesday. […] Read more

Qualcomm shares gain the most in a week on Monday, company rebuffs $103-billion takeover bid by Broadcom

Qualcomm Inc was reported to have rebuffed a $103-billion takeover bid by rival Broadcom on Monday, while noting in a statement that such an offer considerably undervalued it. The bid emerges at a time, when Qualcomm is attempting to finalize its pending acquisition of automotive chip maker NXP Semiconductors NV for $38 billion. The shares […] Read more

General Electric shares fall the most in 103 months on Monday on disappointing earnings guidance, as company slashes dividend

Shares of General Electric Company (GE) plummeted at a daily rate unseen since April 2009 on Monday, following the announcement of disappointing 2018 earnings guidance and plans to reduce dividend by 50% to $0.12 per share. General Electric shares closed lower for the 13th time in the past 16 trading sessions on Monday. It has […] Read more

Boeing shares fall for a third session in a row on Friday, company expects stable Gulf demand

During the Dubai Airshow this weekend Boeing representatives sought to ease concerns over slowing growth of airlines in the Gulf and also played down the impact of rising political tensions in the area. Boeing shares closed lower for a third consecutive trading session on Friday. The stock went down 0.70% ($1.85) to $260.85, with the […] Read more

Coca-Cola shares gain for a fourth session in a row on Friday, company may withdraw part of Argentina investment

According to a report by El Cronista newspaper on Friday, Coca-Cola Company (KO) is considering the withdrawal of part of its $1-billion investment in Argentina, as the countrys government intends to propose a tax raise on soft drinks. The proposal is to be presented to Congress today. Coca-Cola shares closed higher for a fourth consecutive […] Read more

Amazon shares drop for a second session in a row on Friday, company’s job listings point to insurance expansion in Europe

According to a report by Reuters, Amazons job advertisements brought to life speculation that the tech giant might soon expand its operations in product insurance on the European continent. Amazon shares closed lower for a second consecutive trading session on Friday. The stock edged down 0.33% ($3.78) to $1,125.35, with the intraday high and the […] Read more