United Air shares gain for a fourth straight session on Thursday, stock upgraded to “Buy” at Goldman Sachs, price target unchanged

June 7, 2019
United Air shares gain for a fourth straight session on Thursday, stock upgraded to “Buy” at Goldman Sachs, price target unchanged

Goldman Sachs earlier this week upgraded United Continental Holdings Inc (UAL) from “Neutral” to “Buy”, as it cited a possible share price rebound during the second half of 2019. The firm maintained its 12-month price target on the stock at $108 per share. United Air shares closed higher for a […]

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General Motors shares gain for a third straight session on Wednesday, auto maker announces tie-up with Michelin on new type of wheel

June 6, 2019
General Motors shares gain for a third straight session on Wednesday, auto maker announces tie-up with Michelin on new type of wheel

At a news conference in Montreal earlier this week, General Motors Company (GM) revealed a new partnership with French tire manufacturer Michelin, focused on developing a radical new type of wheel, which is to replace the conventional pneumatic tires. General Motors shares closed higher for a third consecutive trading session […]

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American Airlines shares gain for a second straight session on Wednesday, company shares worth $2.4 million purchased by top executives

June 6, 2019
American Airlines shares gain for a second straight session on Wednesday, company shares worth $2.4 million purchased by top executives

According to regulatory filings by American Airlines Group (AAL), the air carrier’s top six executives earlier this week purchased as many as 85 000 shares of the company’s common stock worth nearly $2.4 million. American Airlines shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The […]

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CVS shares gain the most in seven weeks on Tuesday, company plans health services expansion to 1 500 stores over the next two years

June 5, 2019
CVS shares gain the most in seven weeks on Tuesday, company plans health services expansion to 1 500 stores over the next two years

CVS Health Corp (CVS) intends to expand health services such as blood pressure screenings and nutrition counseling to 1 500 stores by the end of 2021, the company said on Tuesday. CVS shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been […]

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Netflix shares gain the most in 20 weeks on Tuesday, Loop Capital Markets upgrades stock to “Buy” on “unstoppable lead in subscription video streaming”

June 5, 2019
Netflix shares gain the most in 20 weeks on Tuesday, Loop Capital Markets upgrades stock to “Buy” on “unstoppable lead in subscription video streaming”

Earlier this week Loop Capital Markets raised its rating on Netflix Inc (NFLX) from “Hold” to “Buy”, since the digital media company has achieved a tremendous lead in subscription video streaming. Loop Capital Markets has also assigned a 12-month price target of $425 on the stock. Netflix shares closed higher […]

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Facebook shares fall the most in 45 weeks on Monday, company reportedly discusses cryptocurrency plans with US derivatives regulator

June 4, 2019
Facebook shares fall the most in 45 weeks on Monday, company reportedly discusses cryptocurrency plans with US derivatives regulator

The US Commodity Futures Trading Commission (CFTC) is in “very early stages of conversations” with Facebook Inc (FB), as the regulator seeks to determine if the social media company’s plans for a digital currency would fall under CFTC’s scope, the Financial Times reported, citing the head of the CFTC Christopher […]

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Goldman Sachs shares rebound on Monday, group to acquire Capital Vision Services for $2.7 billion

June 4, 2019
Goldman Sachs shares rebound on Monday, group to acquire Capital Vision Services for $2.7 billion

According to a Monday report by the Wall Street Journal, citing sources with knowledge of the matter, Goldman Sachs Group Inc’s merchant banking division intends to acquire Capital Vision Services LP in a deal estimated at $2.7 billion with the inclusion of debt. Goldman Sachs shares closed higher for the […]

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Nucor shares hit lows not seen in 135 weeks on Friday, Bank of America Merrill Lynch double downgrades stock to “Underperform” on lower short-term steel prices

June 3, 2019
Nucor shares hit lows not seen in 135 weeks on Friday, Bank of America Merrill Lynch double downgrades stock to “Underperform” on lower short-term steel prices

Shares of Nucor Corp plunged to lows not seen in 135 weeks on Friday after Bank of America Merrill Lynch double downgraded the stock from ”Buy” to ”Underperform”, as it cited lower short-term steel prices, especially for products such as sheet and rebar. The brokerage also revised down its 12-month […]

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Dollar Tree shares gain the most in 12 weeks on Thursday, quarterly revenue tops estimates, same-store sales and full-year profit forecast below expectations

May 31, 2019
Dollar Tree shares gain the most in 12 weeks on Thursday, quarterly revenue tops estimates, same-store sales and full-year profit forecast below expectations

Shares of Dollar Tree Inc (DLTR) registered their largest single-session gain in 12 weeks on Thursday, after the company reported higher-than-anticipated revenue and earnings that came in line with Wall Street estimates during the first quarter. However, quarterly same-store sales at Dollar Tree stores fell short of estimates. Dollar Tree […]

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Apple shares rebound on Thursday, tech giant speaks in defense of App Store as criticism intensifies

May 31, 2019
Apple shares rebound on Thursday, tech giant speaks in defense of App Store as criticism intensifies

In a new blog post describing functions and guidelines, Apple Inc (AAPL) earlier this week publicly defended its App Store against intensifying criticism in relation to how the tech giant treats competitors. Apple shares closed higher for the fourth time in the past fifteen trading sessions on NASDAQ on Thursday. […]

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