Twitter ended April as one of the best performers in the S&P 500. Todd Gordon, founder of TradingAnalysis.com, says the rally is just getting started. “Twitter is a very good-looking chart post earnings. We saw some pretty impressive data following those earnings. Revenues were up 18% year over year and active users saw a pretty … Read more
Warren Buffett is getting involved in a rare bidding war unfolding in the energy industry. Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. Last week, Occidental made a rival bid for the oil and gas driller, challenging Chevron’s $33 … Read more
Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed will continue to be patient and hold back from raising interest rates, but there is a risk the Fed could inject some volatility into markets in the week ahead. The Fed meets Tuesday and Wednesday, in a week heavy with earnings news and some … Read more
— TRENDING NOW— DO NOT deposit another dollar into your bank account until you read this book! “Once you see the government’s secret plan to freeze your money you’ll understand why I’m sending a FREE copy of my new book to any American…” CNBC is at it again… I hope you’re not listening to them … Read more
Uber on Friday set a price range of $44 to $50 per share for its IPO in an updated filing, giving it a market cap of 83.8 billion at the high end. That’s far less than expected. The company, which is beginning its initial public offering road show on Friday, seeks to raise about $9 … Read more
By Jody Chudley, Financial Analyst Last summer on June 28th, I wrote to you and identified Air Canada (ACDVF) as a tremendously undervalued stock. Since then the rest of the market has caught onto the Air Canada story as the share price has subsequently risen more than 50 percent. I’m thrilled with how this has played out … Read more
China loves Starbucks (Exchange: New York; ticker: SBUX). After entering China in January 1999, there are now over 3,700 Starbucks outlets in China – making China the company’s second-largest market next to the U.S. Starbucks sees so much potential for the Chinese coffee market that it’s aiming to have 6,000 stores in China by 2021. But … Read more
Comcast reported earnings for its first quarter of 2019 before the markets opened on Thursday. The stock dipped slightly on the news then was flat during premarket trading. Here are the numbers Comcast reported: Earnings per share: 76 cents, adjusted vs. 68 cents expected, per Refinitiv survey of analysts Revenue: $26.859 billion vs. $27.203 billion … Read more
Oil prices hit nearly six month highs on Tuesday, continuing to rally after U.S. President Donald Trump surprised the market with strict new measures aimed at driving Iran’s crude exports to zero. The Trump administration announced on Monday that it will not extend sanctions waivers to a handful of countries that import Iranian oil. The … Read more
Goldman Sachs posted first quarter profit that exceeded analysts’ expectations, while company-wide revenue missed on tougher market conditions for two of the firm’s main divisions. The bank generated $2.25 billion of profit in the period, or $5.71 a share, compared with the $4.89 estimate. Meanwhile, revenue dropped 13% to $8.81 billion on lower results in the … Read more