The United States steel sector has reached "the end of the line" despite efforts by the Trump administration to revive the industry, UBS told clients on Tuesday, advising investors it may be time to ditch the metal stocks.
Related CLNE 20 Biggest Mid-Day Losers For Friday Mid-Day Market Update: ConforMIS Gains Following Strong Q3 Results; MDC Partners Shares Drop Clean Energy Fuels Corp. – Bridge Funding For A Bridge Fuel (Seeking Alpha)
Related FRO Earnings Scheduled For November 29, 2016 Mid-Morning Market Update:....More>>>
IBM (IBM) reports earnings on Tuesday night, but the charts tell us to approach Big Blue with caution here.
It’s true that the firm has beaten analysts’ earnings-per-share expectations for a whopping 13 consecutive quarters. And while EPS beats are nice, IBM also posted 3.5% year-over-year revenue growth back in January. That broke a nearly six-year string of year-over-year....More>>>
Research analysts at Deutsche Bank started coverage on shares of Mplx (NYSE:MPLX) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the pipeline company’s stock.
Several other equities analysts have also recently commented on the company. Barclays cut their price target on Mplx from $39.00 to $37.00 and set an “equal weight”....More>>>
U.S. stock futures are headed higher this morning, pointing to another positive open this week. Sentiment is improving on Wall Street amid a somewhat robust earnings season and slackening geopolitical tension.
On the economic front, the Federal Reserve’s Beige Book will arrive this afternoon. Investors will keep an eye out for this report for clues on the Fed’s outlook for the....More>>>
Blackstone Group LP (NYSE:BX) stock was up on Thursday following the release of its earnings report for the first quarter of 2018.
During the first quarter of the year, Blackstone Group LP reported earnings per share of 65 cents. This is down from its earnings per share of 82 cents from the same time last year. Despite this, it was still good news for....More>>>
Equities analysts predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will post earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Advanced Micro Devices’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Advanced Micro Devices posted earnings per share of ($0.04) during the same quarter last year,....More>>>
The technology sector has been lagging the broad-based market over the past month. It seems like it may be the beginning of a corrective pullback. I dont expect a significant correction but any weakness will be a good opportunity to buy The Priceline Group (PCLN). The online travel industry is set to benefit from the positive structural changes and so this company would be an excellent play. It....More>>>
ICICI Direct has come out with its fourth quarter (Jan-March 18) earnings estimates for the Information Technology sector. The brokerage house expects TCS to report net profit at Rs. 6,720 crore up 2.9% quarter-on-quarter (up 1.7% year-on-year).
Net Sales are expected to increase by 2.1 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs. 31,543.6 crore, according to ICICI Direct.
Prabhudas Lilladher's research report on Tata Consultancy Services
TCS delivered a strong set of perfomance for 4QFY18 with a beat on USD revenues and PAT. Revenues at USD4972mn were up 3.9% QoQ and 11.6% YoY and above our estimates (PLe: USD4921mn). Constant currency growth for th