Ford shares close lower on Wednesday, auto maker informs British PM May of its plans to relocate production

February 14, 2019
Ford shares close lower on Wednesday, auto maker informs British PM May of its plans to relocate production

According to a report by The Times earlier this week, British Prime Minister Theresa May has been informed by Ford Motor Company (F) during a private call with business leaders that the US auto maker is accelerating preparations to relocate production from Britain to alternative sites abroad. In January, Ford […]

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Under Armour shares gain the most in 15 weeks on Tuesday, fourth-quarter revenue exceeds estimates, company reiterates full-year forecast

February 13, 2019
Under Armour shares gain the most in 15 weeks on Tuesday, fourth-quarter revenue exceeds estimates, company reiterates full-year forecast

Under Armour Inc’s (UAA) fourth-quarter revenue, reported on Tuesday, outstripped Wall Street estimates, as the athletic apparel maker sold fewer products at a discount and more items at full price during the holiday shopping season. Under Armour shares closed higher for a third consecutive trading session in New York on […]

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Goldman Sachs shares rebound on Tuesday, bank aims to reach more mid-sized corporate customers, CEO Solomon says

February 13, 2019
Goldman Sachs shares rebound on Tuesday, bank aims to reach more mid-sized corporate customers, CEO Solomon says

According to a statement by Goldman Sachs Group’s Chief Executive Officer David Solomon on Tuesday, the Wall Street bank strives to expand its mid-sized corporate clientèle over the upcoming several years. Goldman Sachs shares closed higher for the fifth time in the past twelve trading sessions in New York on […]

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Boeing shares fall for a third straight session on Monday, J.P. Morgan raises price target on the stock, maintains “Overweight” rating

February 12, 2019
Boeing shares fall for a third straight session on Monday, J.P. Morgan raises price target on the stock, maintains “Overweight” rating

J.P. Morgan raised on Monday its price target on Boeing Co (BA) from $425 to $450, as it highlighted an improved free cash flow outlook. At the same time, the bank reiterated its “Overweight” rating on the plane maker’s stock. Boeing shares closed lower for a third consecutive trading session […]

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NVIDIA shares close lower on Monday, Bernstein downgrades stock to “Market Perform”, expects growth challenges

February 12, 2019
NVIDIA shares close lower on Monday, Bernstein downgrades stock to “Market Perform”, expects growth challenges

Yesterday Bernstein downgraded NVIDIA Corporation (NVDA) from “Outperform” to “Market Perform”, citing severe challenges to growth for the technological company and prospects of continuously rising “headline risk”. Bernstein has assigned a price target of $175 on the stock. NVIDIA shares closed lower for the fourth time in the past fourteen […]

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Bank of America shares rebound on Friday, bank names Sanaz Zaimi as head of new unit, BofA Securities Europe

February 11, 2019
Bank of America shares rebound on Friday, bank names Sanaz Zaimi as head of new unit, BofA Securities Europe

Sanaz Zaimi has been appointed as head of Bank of America Merrill Lynch’s new EU broker-dealer unit, BofA Securities Europe, based in Paris, the Wall Street bank said on Friday. The announcement comes at a time, when major banks seek to continue providing services to customers in Europe after Britain […]

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Boeing shares fall for a second straight session on Friday, company registers $2.31 billion in losses related to aerial refueling tanker program

February 11, 2019
Boeing shares fall for a second straight session on Friday, company registers $2.31 billion in losses related to aerial refueling tanker program

According to a statement by Boeing Co on Friday, the KC-46A aerial refueling tanker program for the US Air Force brought reach-forward losses of $2.31 billion for the plane maker over 2016, 2017 and 2018. Boeing also said the total pre-tax cost of the program reached $3.6 billion. Boeing shares […]

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Foot Locker shares close lower on Thursday, company to invest $100 million in GOAT Group

February 8, 2019
Foot Locker shares close lower on Thursday, company to invest $100 million in GOAT Group

Foot Locker Inc (FL) said on Thursday that it intended to make a $100 million strategic minority investment via its subsidiary in 1661, Inc. (doing business as GOAT), a marketplace for authentic sneakers that operates the GOAT and Flight Club brands (the so called “GOAT Group”). The investment is to […]

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BB&T shares gain the most in 27 months on Thursday, financial holding company to acquire SunTrust Banks for $28.2 billion

February 8, 2019
BB&T shares gain the most in 27 months on Thursday, financial holding company to acquire SunTrust Banks for $28.2 billion

According to a statement by BB&T Corporation (BBT) on Thursday, it intends to acquire SunTrust Banks Inc in an all-stock deal valued at $28.24 billion, which as a result, would create the sixth largest bank in the United States in terms of assets and deposits. The deal is expected to […]

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General Motors shares gain for a third straight session on Wednesday, fourth-quarter earnings top estimates supported by high-margin pickup trucks

February 7, 2019
General Motors shares gain for a third straight session on Wednesday, fourth-quarter earnings top estimates supported by high-margin pickup trucks

General Motors Company’s (GM) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates due to strong sales of high-margin pickup trucks and crossovers in the United States coupled with cost-reduction efforts. The auto maker also kept its full-year 2019 profit forecast unchanged. General Motors shares closed higher for a third […]

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