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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

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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

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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

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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

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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

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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

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forex graphic for currency trading on blue digital display

Stocks End Lower

Stocks ended lower on Friday as investors absorbed news that President Donald Trump called off military strikes on Iran and the Commerce Department has barred US companies from doing business with five more Chinese entities. Trump said he called off an overnight strike against Iran after that country shot down […]

by × June 21, 2019 × 0 comments