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Jack in the Box Added to Best Ideas List by Wedbush

Jack in the Box Added to Best Ideas List by Wedbush

Jack in the Box (JACK) was added to Wedbush Securities’ Best Ideas List on Friday on expectations that the fast-food company has drivers for same-store sales growth in the near to medium term. The investment advisory firm raised its rating on Jack in the Box to outperform from neutral, while lifting the 12-month price target to $105 from $75 a […]

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Glencore to Halt Cobalt Mine in Congo

Glencore (GLEN.L), one of the world’s largest diversified natural resource groups, reported early Wednesday that first-half gross operating profit slumped by almost a third, reflecting a “challenging economic backdrop” for its commodity mix, as well as operating and cost setbacks. Group revenue fell to $107.10 billion during the six months that ended June 30, from $108.55 million a year ago, […]

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British American Tobacco Guides for Higher Second-Half Sales

British American Tobacco (BATS.L), the world’s second-biggest tobacco group, guided toward an acceleration in revenue in the second half of the year as it reported higher earnings and sales in the first half due to a “continued strong” performance of combustibles. Reported sales increased by 4.6% to 12.17 billion pounds ($14.82 billion) during the six months that ended June 30, […]

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European Equity Benchmarks Close Lower

The broad-based major European indices closed lower in Friday trading as technology, automotive, and industrial stocks weighed down the markets. In economic news, the consumer prices index (CPI) rose 0.1% in France in May over a month, after rising 0.3% in April, according to the Institute for Statistics and Economic Studies (INSEE). The slowdown came from a downturn in services […]

TSX Gains on Strong Commodities, Financials

TSX Gains on Strong Commodities, Financials

The TSX is up 47 points this morning, boosted by stronger commodities. Miners are the biggest gainers so far, up 2.96%, followed by energy (+0.56%). Crude oil is now trading at US$53.76, up 073%, after Russia indicated it may agree to extend a pact with OPEC to keep 1.2 million barrels of oil per day off the market. OPEC and […]

Energy Stocks Gain as Crude Oil Futures Reverse Earlier Declines

Energy Stocks Gain as Crude Oil Futures Reverse Earlier Declines

Top Energy Stocks XOM +1.40% CVX +0.95% COP -0.32% SLB +2.2% OXY +0.74% Energy stocks were broadly higher this afternoon, with the NYSE Energy Sector Index climbing 1% while shares of energy companies in the S&P 500 were up 1.3% as a group. West Texas Intermediate crude oil for July delivery was rising 17 cents to $53.42 per barrel, reversing […]

Uber Technologies First Quarter Revenue, Loss Beat Market’s Expectations

Uber Technologies First Quarter Revenue, Loss Beat Market’s Expectations

Uber Technologies (UBER), a ride-sharing and hailing service, reported its first quarterly results as a listed firm late on Thursday, with results ahead of market forecasts and also at or near the high end of the company’s own guidance. Revenue increased to $3.10 billion during the three months that ended March 31, up from $2.58 billion a year ago, beating […]

Dell First Quarter Adjusted Earnings Surpass Analysts’ Estimates

Dell First Quarter Adjusted Earnings Surpass Analysts’ Estimates

Dell Technologies (DELL) posted a modest uptick in revenue during its fiscal first quarter while adjusted earnings per share beat analysts’ estimates, bolstered by coverage expansion in the company’s client solutions group segment. The Round Rock, TX.-headquartered manufacturer of laptops and electrical devices reported revenue of $21.91 billion in the three months ended May 3, up 3% from the corresponding […]

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Big Lots Q1 Tops Estimates on EPS and Revenue

Big Lots (BIG) rose by more than 8% in pre-market trading as the discount retailer posted fiscal Q1 adjusted earnings of $0.92 per share, down from $0.95 in the comparable period a year ago but topping the estimate of $0.70 from analysts polled by Capital IQ. For the quarter ended May 4, total revenue of $1.30 billion was up from […]