Oil prices will be pressured this year as the spread of coronavirus takes a toll on the global economy and demand, overshadowing OPEC's efforts to curb production to support the market, a Reuters poll showed on Friday.
People's Utah Bancorp PUB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for PUB broke out below the 200 Day Simple Moving Average, suggesting short-term
Berkshire Hills Bancorp, Inc. BHLB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for BHLB broke out below the 200 Day Simple Moving Average, suggesting s
CarGurus, Inc. CARG could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CARG broke out below the 200 Day Simple Moving Average, suggesting short-term bear
Nike (NYSE: NKE) was one of the first companies to issue a statement regarding the impact of the coronavirus outbreak on its business in China earlier this month. The company temporarily shuttered approximately half of its company-owned stores in Greater China, and even the
Prudential Financial’s (NYSE: PRU) stock rallied about 17% in 2019, with the company’s share price averaging just above $93 for the year. While the company’s stock price has mostly remained around this level since the beginning of the year, the recent sell-off across ind
Samsung‘s (SMSN) stock price gained 120% between 2015 and 2019, trading at levels of about $1,217 at the end of December 2019.
While part of the increase was due to earnings growth (Samsung’s revenues increased by about 15% and net margins improved 1.3%) and share repurcha
Norfolk Southern’s (NYSE:NSC) stock price grew over 85% from around $110 levels in Q1 2017 to around $205 currently. This rise was primarily driven by net income margin growing 43% over this period, driven by a slower expense growth. Additionally, the company’s top line
Roche Holding’s (OTCMKTS:RHHBY) revenue grew at a CAGR of 5.3% from $52.5 billion in 2015 to $64.4 billion in 2019, and it is estimated to top $66 billion in 2020, led by its Neuroscience drugs. The company’s oncology drugs will account for 45% of the company’s total sa
Dish Network (NASDAQ: DISH) saw its stock price drop by almost 40% in the last 3 years, from $60 in February 2017 to about $37 in February 2020. This fall was primarily driven by a drop in revenues and significant decline in the P/E multiple, due to subscriber attrition and lo
Activity in China's vast manufacturing sector likely shrank at the fastest pace since the global financial crisis in February as the coronavirus suspended large movements of goods and people in most parts of the country.
Japan’s Nikkei 225 opened lower in Friday morning trading, Japan standard time. The index is now down 10.8% from recent highs. That’s a correction in Wall Street parlance.
Australia's central bank will hold its cash rate at record lows next week and cut twice later in the year, a Reuters poll showed, as a rapidly spreading coronavirus outbreak threatens to rock economies around the world.
Dell Technologies (DELL) came out with quarterly earnings of $2 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $4.58 per share a year ago. These figures are adjusted for non-recurring items.
PRA Group (PRAA) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
Redwood Trust (RWT) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.
Playa Hotels & Resorts (PLYA) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
Main Street Capital (MAIN) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.