Articles by: Ryan Stevens

Stock News

Advance Auto Parts Lowers Guidance for 2019

Advance Auto Parts Lowers Guidance for 2019

Advance Auto Parts (AAP) made slightly negative revisions to 2019 guidance projections after a downbeat second quarter that included disappointments on margins and comparable-store sales. Shares in the aftermarket car-part supplier were weaker on Tuesday after it said comps were flat in the second quarter and net sales rose just […]

by × August 13, 2019 × 0 comments

Business Center

Capri Holdings Fiscal First-Quarter Earnings Beat Views

Capri Holdings Fiscal First-Quarter Earnings Beat Views

Capri Holdings (CPRI) on Wednesday reported better-than-expected fiscal first-quarter earnings and reaffirmed its full-year guidance that despite currency and tariff headwinds. The London-based parent company of luxury brands Michael Kors, Versace and Jimmy Choo said it earned an adjusted $0.95 per diluted share in the quarter ended June 29, down […]

by × August 7, 2019 × 0 comments

Stock News

IBM Gets Overweight Rating at Morgan Stanley

IBM Gets Overweight Rating at Morgan Stanley

Investors in International Business Machines (IBM) are focusing on the impact of its acquisition of Red Hat and are missing the growth in the technology giant’s core business that’s coming at a time when peers are decelerating, Morgan Stanley said in a note on Thursday. The investment bank resumed coverage […]

by × August 1, 2019 × 0 comments

Stock News

Amazon Releases Fresh Guidance

Amazon Releases Fresh Guidance

Amazon (AMZN) unveiled guidance for its third quarter after markets closed on Thursday, as the e-commerce company posted better-than-expected revenue for its second quarter as product and service sales continued to advance. Seattle-headquartered Amazon generated revenue of $63.40 billion in the three months ended June 30, up 20% from the […]

by × July 26, 2019 × 0 comments

Business Center

Quick-Service Restaurants Offer Safety in Multi-National Size While Casual Dining Sees Pressure, Barclays Says

Quick-Service Restaurants Offer Safety in Multi-National Size While Casual Dining Sees Pressure, Barclays Says

Multi-national quick-service restaurants are offering safety in their size and diversity while casual dining outlets could face rising cost pressures if the economy eases further, Barclays said in a note on Monday. McDonald’s (MCD) is the top pick for 2019, and the investment bank is overweight Burger King parent Restaurant […]

by × July 22, 2019 × 0 comments

Stock News

Asian ADRs Move Lower in Wednesday Trading

Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.39% lower at 1,464.23 on the BNY Mellon Asia 50 ADR Index on Wednesday. In North Asia, the gainers were led by travel service provider CTrip.com International (CTRP) and AU Optronics (AUO), a manufacturer of thin film transistor liquid crystal displays, which […]

by × July 17, 2019 × 0 comments

Stock News

Freeport-McMoRan Shares Lower

Freeport-McMoRan Shares Lower

Freeport-McMoRan (FCX) slipped 4.5% on Monday after the mining company said it expects to post a second-quarter loss due to lower copper prices. Phoenix-based Freeport said it expects the mark-to-market impact of the lower prices for the industrial metal to reduce its revenue by $85 million in the quarter. The […]

by × July 1, 2019 × 0 comments

Stock News

Stocks Advance in Early Trade

Stocks Advance in Early Trade

US Stocks firmed early on Wednesday helped by optimistic US comments about a potential China trade deal, while semiconductor stocks were buoyed by Micron Technologies’ (MU) upbeat results. Treasury Secretary Steven Mnuchin said in an interview with CNBC that the US and China are 90% of the way there on […]

by × June 26, 2019 × 0 comments

Business Center

Texas Manufacturing Growth Rises in June

Texas Manufacturing Growth Rises in June

Manufacturing in Texas rose in June as the perception of business conditions dropped in the month, according to executives polled by the Federal Reserve Bank of Dallas. The bank said Monday that its production index, a key measure of manufacturing conditions, rose to 8.9 this month from 6.3 in May. […]

by × June 24, 2019 × 0 comments

Trading

TSX Rally Slows Friday With a Decline

TSX Rally Slows Friday With a Decline

Canada’s main stock market was unable to make any headway Friday, as investors shrugged off retail sales data and traded with caution ahead of the G-20 meeting next week in Japan. The S&P/TSX Composite Index was down 49 points or 0.3% to close at 16,525. For the week, the TSX […]

by × June 21, 2019 × 0 comments