Intel shares close lower on Thursday, company to launch a set of new processors in response to competition

August 11, 2017
Intel shares close lower on Thursday, company to launch a set of new processors in response to competition

Intel Corporation (INTC) reportedly intends to release its 12-core Core i9-7920X gaming and PC processor at the end of August. At the same time, in order to respond to AMD’s Ryzen Threadripper launches, Intel is to release 14-, 16-, and 18-core variations of the Core i9-7920X on September 25th. Intel […]

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Citigroup shares fall the most in a week on Thursday, the stock may double in upcoming years, Mike Mayo says

August 11, 2017
Citigroup shares fall the most in a week on Thursday, the stock may double in upcoming years, Mike Mayo says

According to a note by Wells Fargo Securities analyst Mike Mayo, who joined the firm recently, Citigroup Inc’s (C) shares may double in price during the upcoming 4 to 5 years. He also expects Citigroup to achieve the best performance in terms of cost of capital and return on equity […]

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Lockheed Martin shares hit a fresh all-time high on Wednesday, interest in missile defense systems surges amid North Korean tests

August 10, 2017
Lockheed Martin shares hit a fresh all-time high on Wednesday, interest in missile defense systems surges amid North Korean tests

According to a recent statement by Lockheed Martin Corporation (LMT), interest by its clients in missile defense systems has increased, as North Korea’s long-range missile tests reportedly continued to intensify, while heightening alert in neighboring states South Korea and Japan. Lockheed Martin shares closed higher for a ninth consecutive trading […]

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Walt Disney shares plummet to lows unseen in 8 months on Wednesday, company to stop providing content to Netflix

August 10, 2017
Walt Disney shares plummet to lows unseen in 8 months on Wednesday, company to stop providing content to Netflix

Shares of Walt Disney Company (DIS) plunged to lows not seen in eight months during yesterday’s trade, as the world’s largest entertainment company announced it would pull content from Netflix and initiate its own streaming service. However, many on Wall Street questioned the success of such an undertaking. Walt Disney […]

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General Electric shares close higher on Wednesday, company relocates some of its operations in China

August 10, 2017
General Electric shares close higher on Wednesday, company relocates some of its operations in China

General Electric Company’s (GE) manufacturing facility in Rochester, New York, which focuses on the assembly of electronic boards, is expected to be closed, while its operations – relocated in China. General Electric shares closed higher for the fourth time in the past six trading sessions on Wednesday. The stock went […]

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Tesla shares close higher on Tuesday, Argus upgrades the stock to “Buy” due to strong Model 3 performance

August 9, 2017
Tesla shares close higher on Tuesday, Argus upgrades the stock to “Buy” due to strong Model 3 performance

Tesla Inc’s (TSLA) stock has reportedly been upgraded to a “Buy” rating by Argus, due to strong orders of the company’s Model 3 vehicle. Argus also revised up its price target for the stock to $444. Tesla shares closed higher for the fourth time in the past five trading sessions […]

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Ralph Lauren shares gain for a fourth session in a row on Tuesday, as quarterly sales and income outstrip market expectations

August 9, 2017
Ralph Lauren shares gain for a fourth session in a row on Tuesday, as quarterly sales and income outstrip market expectations

Ralph Lauren Corporation’s (RL) first-quarter sales and income surpassed market expectations, as the company kept discounting and inventory in check. Ralph Lauren shares closed higher for a fourth consecutive trading session on Tuesday. It has been the steepest daily surge in at least a year. The stock went up 13.28% […]

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Wells Fargo shares close higher on Tuesday, holding to be investigated in relation with auto policies

August 9, 2017
Wells Fargo shares close higher on Tuesday, holding to be investigated in relation with auto policies

According to an August 8th statement by California’s insurance regulator, Wells Fargo & Company (WFC) and an insurance company are to be probed over selling unneeded auto policies to hundreds of thousands of residents. Wells Fargo shares closed higher for the first time in the past five trading sessions on […]

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Netflix shares gain for a second session in a row on Monday, company acquires Millarworld

August 8, 2017
Netflix shares gain for a second session in a row on Monday, company acquires Millarworld

According to an August 7th statement by Netflix Inc (NFLX), it acquired comic book publisher Millarworld, which marked the company’s first acquisition ever. Owned by writer Mark Millar and his wife, Millarworld is to provide Netflix with a number of character franchises for the development of movies, TV series as […]

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AT&T shares gain for a third session in a row on Monday, CBS networks added to DirecTV Now offering

August 8, 2017
AT&T shares gain for a third session in a row on Monday, CBS networks added to DirecTV Now offering

As agreed on by AT&T Inc (T) and CBS, the CBS networks are to be added to the DirecTV Now streaming service. AT&T shares closed higher for a third consecutive trading session on Monday. The stock edged up 0.23% ($0.09) to $38.52, after touching an intraday high at $38.64, or […]

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