Articles by: Miroslav Marinoff

Nike shares close lower on Thursday, a pilot program with Amazon to be launched

According to a June 29th statement by Nike Inc (NKE), it intends to initiate a pilot program with Amazon in order to sell a limited set of products on the latters website rather than using third-party and unlicensed dealers. At the same time, the footwear makers latest-quarter results exceeded market expectations. Nike shares closed lower […] Read more

Southwest Airlines shares gain the most in a week on Wednesday, carrier’s flights to Cuba to be scaled down

According to a statement by Southwest Airlines Company (LUV), the number of its flights to Cuba is to be reduced due to the imposed traveling restrictions by the Trump administration for US residents. Shares of Southwest Airlines closed higher for the first time in the past three trading sessions on Wednesday. It has also been […] Read more

Citigroup shares gain the most in three weeks on Wednesday, $18.9 billion in capital payouts planned over a period of 12 months

According to a statement by Citigroup Inc (C), it intends to re-purchase common stock worth $15.6 billion during the upcoming 12 months. Additionally, the fourth-largest bank in the United States by assets plans to double its quarterly dividend to $0.32 per share, with total payout on capital reaching $18.9 billion. Citigroup shares closed higher for […] Read more

United Parcel shares fall the most in six weeks on Tuesday, more green vehicles to be added by 2025

According to a statement by United Parcel Service Inc (UPS), the company intends to increase the number of vehicles which utilize non-conventional power by the year 2025 in an attempt to reduce its greenhouse emissions. These vehicles may include electric, hybrid electric, hydraulic hybrid, as well as ones running on propane, compressed natural gas and […] Read more

Amazon shares fall the most in two weeks on Tuesday, company now offering devices by Nokia, Alcatel at a discount

Amazon.com Inc (AMZN) has reportedly added several smart phone models to its discount list. The Prime Exclusive Phones will visualize the companys advertisements on their lock screens, while users will not have the option to remove them in exchange of a small fee. Amazon shares closed lower for a second consecutive trading session on Tuesday. […] Read more

General Electric shares gain for a second session in a row on Monday, the stock is now Barclays’ new top pick

Barclays analyst Scott Davis has made General Electrics stock his new Top Pick, as he considers the companys earnings forecasts as too low, Seeking Alpha reported on Monday. General Electric shares closed higher for a second consecutive trading session on Monday. The stock edged up 0.15% ($0.04) to $27.61, with the intraday high and the […] Read more

General Motors shares gain for a third session in a row on Monday, US new vehicle sales projection for 2017 revised down

According to a June 26th statement by Chuck Stevens, General Motors Chief Financial Officer, the auto maker now projects that sales of new vehicles in the United States will be in the “low 17 million” unit range this year. General Motors shares closed higher for a third consecutive trading session on Monday. It has also […] Read more