Nasdaq News

Western Digital’s (NASDAQ: WDC) stock currently stands at around $69 per share, while we expect a fair price of around $75.80 per share of WDC’s stock. Our price estimate is based on expected 2020 revenue per share of $58.82 and a price-to-sales multiple of around 1.3x.

We have maintained our long-term price estimate for News Corporation (NASDAQ: NWSA) at $14, which is slightly lower than the current market price. Our price estimate is based on expected 2020 earnings of 32 cents and a price to earnings multiple of 43.8x.

Our price estimate for Electronic Arts’ (NASDAQ: EA) stock is $120, which is at a premium of around 10% to the current market price. Our price estimate is based on expected fiscal 2020 earnings of $4.70 on an adjusted basis, and a price to earnings multiple of 25.5x. Elect

TripAdvisor (NASDAQ: TRIP) plans to spend more on ads and expects its Experiences and Dining revenues to drive a major share of its revenue growth in 2020. This is in line with the company’s efforts to tackle increased competition from Google. TripAdvisor’s total expense

Alphabet (NASDAQ:GOOG), the parent company of Google, has increased its share repurchases, allocating over $18 billion to buying back its shares over 2019, up from $9 billion in 2018.  However, the program has not reduced shares outstanding over the last few years, as buyback

Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.

South Africa's Kumba Iron Ore on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand/dollar exchange rate.

(RTTNews) - Mersana Therapeutics Inc. (MRSN), which believes that 2020 has the potential to be a transformational year for it, has gained 36 percent so far this year, based on Feb.14 closing price of $7.80.

The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say.

(RTTNews) - French speed-train maker Alstom (AOMFF.PK, ALS.L) announced that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec or CDPQ for the acquisition of Bombardier Transportation.

Taiwan's export orders in January are expected to drop due to the week-long Lunar New Year holidays, according to a Reuters poll, after a better-than-expected rebound in the prior month.

China's yuan declined on Tuesday to near the key 7-per-dollar level as concerns over the economic impact from a fast-spreading coronaviurs outbreak and expectations for further monetary easing steps heaped pressure on the local currency.

China said on Tuesday it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil.

(RTTNews) - Asia-focused lender HSBC Holdings Plc (HSBC, HSBA.L) reported Tuesday that its fiscal 2019 profit attributable to the ordinary shareholders of the parent plunged 53 percent to $5.97 billion from last year's $12.61 billion. Earnings per share fell to $0.30 from $0.63

Confrontation with America, economic hardship and an airline tragedy have battered Iranians' confidence in their leaders, posing a potential problem for the authorities in a parliamentary election this week.

A slim majority of analysts polled by Reuters expect Indonesia's central bank to resume its easing cycle at its policy meeting this week to provide a cushion for the expected economic impact from the coronavirus outbreak.

Japanese government bond (JGB) prices gained broadly on Tuesday, as a slide in equities increased the appeal of the safe-haven debt after Apple Inc warned on quarterly revenue due to the coronavirus epidemic in China.

Indian shares tracked Asian peers lower on Tuesday, as a revenue warning from tech giant Apple Inc signalled mounting financial fallout on businesses from the coronavirus epidemic in China.

Most Southeast Asian stock markets fell on Tuesday, as global sentiment soured after Apple became the latest company to flag lower revenue due to the coronavirus epidemic that has slowed economic activity in the region.

HSBC Holdings PLC on Tuesday unveiled plans to cut costs and simplify its structure to boost earnings, after its 2019 profit dropped 33% hit by one-time write-offs linked to its investment banking and commercial banking businesses in Europe.