O’Reilly Automotive‘s stock sank by 20 percent Wednesday after the auto parts retailer reported weaker-than-expected same-store-sales growth. Other auto parts retailer stocks also fell sharply. The company announced comparable-store sales growth of 1.7 percent for the second quarter, below its previous guidance of 3 to 5 percent growth and FactSet’s estimated growth of 3.9 percent. […]
Read moreTipRanks, a service which ranks Wall Street analysts, identified the top players in technology coverage and found which stocks they like for the second half of 2017. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows […]
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Oil prices plunged nearly 4 percent on Wednesday, ending the longest bullish streak in five years, as more evidence indicated OPEC exports rose last month. U.S. West Texas Intermediate crude futures fell $1.83, or 3.9 percent, to $45.24 per barrel at 1:26 p.m. ET, erasing much of the previous two sessions’ gains. International benchmark Brent […]
Read moreJefferies is optimistic toward companies such as Raytheon, Orbital ATK, and Aerojet Rocketdyne as tensions with North Korea escalate, leading to greater missile defense spending. “The aggressive nature of the North Korean acts may cause Japan, South Korea, the U.S. Congress and the Administration to fund missile defense at an above average rate,” wrote Jefferies […]
Read moreBaidu, the top Chinese internet search firm, has formed a broad alliance to promote self-driving cars, pitting its Apollo platform against Alphabet’s system, it said on Wednesday, in hopes of getting the vehicles on the road in China by 2019. The alliance includes partnerships with automakers, suppliers, startups, universities and local governments and is built […]
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All the major economies of the globe and the companies that make them up are picking up steam at the same time right now, the first such simultaneous recovery in years. This is making the phrase “global synchronous recovery” among the favorites of bulls on Wall Street. “We expect all the major markets to report […]
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TWO more airports have joined Abu Dhabi in having a laptop ban lifted. On July 5th passengers flying from Dubai or Istanbul to America were told that they will once more be allowed to take large electronic devices into plane cabins, rather than having to stow them in the hold, which they have been required to […]
Read moreGoogle expects to receive its first wind power from Norway by early September, the company told Reuters on Wednesday. Tellenes wind farm, a 50-turbine strong wind farm of 160-megawatt (MW) capacity that is currently under development, will become Norway’s largest wind farm and Google’s biggest in Europe. “We’ll purchase power as soon as the wind […]
Read moreBuffalo Wild Wings‘ proxy battle may be over, but a month later the company is still fighting to convince shareholders that it can forge a successful turnaround. Shares of the company have fallen close to 20 percent since January, including more than 16 percent since early June, when CEO Sally Smith announced plans to resign […]
Read moreOn July 4, Mark Cuban tweeted that it was the anniversary of the date he left Indiana University in Bloomington “with $60, hole in my floorboard, case of oil in the trunk & a floor to sleep on in Dallas.” A few days later, Cuban, then 23, moved in to a $600-a-month five-bedroom apartment with […]
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