Exxon Mobil shares rebound on Monday, Raymond James upgrades the stock to “Market Perform”

April 24, 2018
Exxon Mobil shares rebound on Monday, Raymond James upgrades the stock to “Market Perform”

Raymond James reportedly raised its rating on Exxon Mobil Corporation (XOM) to “Market Perform” from “Underperform” previously, as the firm noted the conglomerate’s bear case essentially had run its course, with oil prices nearing cycle highs. Exxon Mobil shares closed higher for the fifth time in the past seven trading […]

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Under Armour shares gain the most in three weeks on Monday as Deutsche Bank upgrades the stock to “Hold”

April 24, 2018
Under Armour shares gain the most in three weeks on Monday as Deutsche Bank upgrades the stock to “Hold”

Shares of Under Armour Inc (UAA) gained the most in three weeks in New York on Monday, after Deutsche Bank raised its rating on the stock to “Hold” from “Sell” previously, citing that rapid growth of the company’s international business could facilitate balancing sluggish sales in North America. The investment […]

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Walmart shares close lower on Friday, retailer may acquire controlling stake in Flipkart this week, sources say

April 23, 2018
Walmart shares close lower on Friday, retailer may acquire controlling stake in Flipkart this week, sources say

According to a report by Reuters on Friday, citing two sources with knowledge of the situation, Walmart Inc (WMT) may strike a deal over the acquisition of a 51% stake in India’s Flipkart as early as this week. Walmart shares closed lower for the second time in the past six […]

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Boeing shares fall for a second straight session on Friday, negotiations over partnership with Brazil’s Embraer at an advanced stage, paper reports

April 23, 2018
Boeing shares fall for a second straight session on Friday, negotiations over partnership with Brazil’s Embraer at an advanced stage, paper reports

According to a report by O Estado de S. Paulo newspaper on Friday, citing anonymous sources, negotiations related to a partnership between Boeing Company (BA) and Brazil’s Embraer SA have reached an advanced stage. Boeing shares closed lower for a second consecutive trading session on Friday. The stock went down […]

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Qualcomm shares fall the most in five weeks on Thursday, company initiates layoffs in cost-cutting attempt

April 20, 2018
Qualcomm shares fall the most in five weeks on Thursday, company initiates layoffs in cost-cutting attempt

According to a statement by a Qualcomm representative earlier this week, the company has initiated job cuts as part of its promise to shareholders to achieve reduction of annual costs of $1 billion. However, the precise number of jobs cut remained undisclosed. The shares of Qualcomm Incorporated closed lower for […]

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Apple shares fall the most in eleven weeks on Thursday as Mizuho note highlights risk to company’s third-quarter revenue guidance

April 20, 2018
Apple shares fall the most in eleven weeks on Thursday as Mizuho note highlights risk to company’s third-quarter revenue guidance

Shares of Apple Inc (AAPL) retreated the most in eleven weeks on the NASDAQ on Thursday, after in a research note Mizuho analyst Abhey Lamba warned that the company’s revenue guidance for the fiscal third quarter could miss the midpoint of consensus estimates due to soft demand for its iPhone […]

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