In 2016 Q3, Facebook (NSDQ:FB)reported quarter over quarter and year over year growth in revenue, net income and earnings per share. Following the earnings release, Facebook’s share price is now down over 8%. Some investors may believe the price drop is a buying opportunity (buy the dip); they should not. Even with Facebook’s strong Q3 performance, I believe FB stock is overvalued and....More>>>
The Q4 2016 earnings report forlarge cap luxury accessories stock Tiffany & Co (NYSE: TIF) is scheduled for before the market the opens onFriday (March 17th). Last month, JANA Partners LLC, which together with Francesco Trapani owns approximately 5.1% of Tiffany & Cos outstanding shares, announced agreements where three new independent directors will be appointed to theBoard of....More>>>
A rumored merger with CenturyLink (CTL) sent Level 3 Communications (LVLT) soaring to the top of the S&P 500 today.
Shares of Level 3 Communications climbed 11% to $51.87 today, even as the S&P 500 declined 0.3% to 2,133.04. CenturyLink didn’t perform too badly, either: It gained 9.7% to $31.
Wells Fargo’s Jennifer Fritzsche explains why a....More>>>
AMD just received a credit rating upgrade from Moody’s. Here’s why you should watch AMD stock even more closely now.
Shares of Sunnyvale, California-based Advanced Micro Device Inc (NASDAQ:AMD)rose again in yesterday’s trade, after a brief breather on Tuesday. This time, the trigger seems to be a credit rating upgrade by Moody’s, which upped its AMD corporate....More>>>
Trade Smart Online
Data collected by National Transportation Safety Board, USA shows that the accident rate in the world compared as a ratio of fatalities per 100 million miles travelled is the highest for cars followed by bicycles, pedestrian, motorcycles covering almost all form of transportation. The lowest in the category, which is near zero based strictly on the....More>>>
German Chancellor Angela Merkel (R) and Greek Prime Minister Alexis Tsipras deliver a statement ahead of talks focused on the refugee crisis, Cyprus, Turkey and Athens’ debt woes in Berlin, on December 16, 2016. / AFP / TOBIAS SCHWARZ (Photo credit should read TOBIAS SCHWARZ/AFP/Getty Images)
Before the Italian banking crisis and referendum, before Brexit… there was Greece.....More>>>
William Patalon III
If you’ve been listening to the U.S. presidential campaign rhetoric, you know the main themes: immigration, terrorism, America’s aging infrastructure, the FBI investigation of Hillary Clinton’s email practices, the economy.
And some other topics, as well.
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Shares of Halliburton (HAL) and Baker Hughes (BHI) are soaring after they announced that they’d challenge the U.S. Department of Justice’s decision to block their merger. RBC’s Kurt Hallead has the details:
Shares of both companies rose ~5% following the joint press release indicating they would challenge the DoJ’s decision to oppose....More>>>
Tiffany (TIF) is having trouble. Signet Jewelers (SIG), a down-market competitor, is not.
SCOTT EELLS/BLOOMOBERG NEWS
Shares of Signet Jewelers have gained 3.4% to $122.10 at 11:44 a.m. today after the parent company of Zale and other mall diamond stores met earnings forecasts and offered upbeat guidance. Cowen’s Oliver Chen and team have the details:
Final 4Q Results....More>>>
Cowen’s Oliver Chen and team cut their rating on Tiffany (TIF) to Market Perform from Outperform, citing “uncontrollable risks,” and stating a preference forSignet Jewelers (SIG). They explain:
how hwee young/European Pressphoto Agency
We lower our rating on Tiffany to Market Perform and reduce our price target to $70 (from $75), assuming a lower P/E multiple....More>>>