Caterpillar shares reach a 29-month high on Tuesday, company’s quarterly adjusted EPS well above expectations, but some uncertainties cited

April 26, 2017
Caterpillar shares reach a 29-month high on Tuesday, company’s quarterly adjusted EPS well above expectations, but some uncertainties cited

On April 25th Caterpillar Inc (CAT) reported significantly better-than-anticipated earnings for the latest quarter, with one of the major contributing factors being its cost-cutting and restructuring efforts, according to a press release. Caterpillar shares registered their largest daily surge in more than three years on Tuesday, while also marking a […]

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Lockheed Martin shares retreat the most in 19 weeks on Tuesday, company’s quarterly sales rise more than 6%, net sales forecast raised

April 26, 2017
Lockheed Martin shares retreat the most in 19 weeks on Tuesday, company’s quarterly sales rise more than 6%, net sales forecast raised

Lockheed Martin Corporation’s (LMT) total sales grew 6.6% during the latest quarter, supported by an 8% sales increase in its aeronautics division. Lockheed Martin shares registered their largest daily loss since December 12th 2016 during Tuesday’s trading session. The stock went down 2.24% ($6.19) to $270.02, after touching an intraday […]

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Wal-Mart shares close lower on Monday, company’s startup investment arm appoints new Chief Executive Officer

April 25, 2017
Wal-Mart shares close lower on Monday, company’s startup investment arm appoints new Chief Executive Officer

According to a statement by Wal-Mart Stores Inc (WMT), the retailer’s recently established startup investment arm, known as Store No 8, has appointed Jenny Fleiss as the CEO of its first portfolio company. She co-founded and previously served as head of business development of the designer fashion rental firm Rent […]

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General Electric shares fall the most in three months on Friday, quarterly sales and EPS above expectations, but cash outflow concerns weigh

April 24, 2017
General Electric shares fall the most in three months on Friday, quarterly sales and EPS above expectations, but cash outflow concerns weigh

Shares of General Electric Company (GE) retreated sharply on Friday, in spite of better-than-anticipated quarterly sales and adjusted earnings, as concerns over the company’s cash outflow weighed. General Electric shares registered their largest daily loss since January 23rd on Friday, which also marked the first drop in the past five […]

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American Airlines shares close lower on Friday, company apologizes after an ugly on-board stroller incident

April 24, 2017
American Airlines shares close lower on Friday, company apologizes after an ugly on-board stroller incident

On April 22nd American Airlines Group (AAL) apologized to a passenger, following a video, featuring an on-board clash over a baby stroller. As a result, the flight attendant, who was involved in the incident, has been suspended. American Airlines shares closed lower on Friday, while also marking their third loss […]

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Chevron shares close higher on Thursday, company’s appeal related to tax case dismissed by the court in Australia

April 21, 2017
Chevron shares close higher on Thursday, company’s appeal related to tax case dismissed by the court in Australia

On April 21st the court in Australia dismissed an appeal by Chevron Corporation (CVX) against the Australian tax office, which was related to a tax bill of AUD 340 million, including penalties and interest. The case covered tax years from 2004 through 2008. Chevron shares closed higher on Thursday, while […]

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