Author: Karen Fullerton

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 […]

Nio to Seek Manufacturing Partner as It Sets Its Sights on Beijing Production Facility

Nio to Seek Manufacturing Partner as It Sets Its Sights on Beijing Production Facility

Nio (NIO), the Chinese electric vehicle maker, is planning to establish a production facility in Beijing and will likely seek a manufacturing partner, Reuters reported. The Tesla (TSLA) rival produced 3,989 units in the first quarter, almost half of what it manufactured in the prior quarter. The company’s manufacturing base in Anhui has an annual production capacity of 100,000 units, […]

Asian Stock Markets Extend Losses On Trade Outlook

Asian Stock Markets Extend Losses On Trade Outlook

Asian stock markets declined Friday as investors weighed an unexpected move by the Trump administration as well as China-US trade tensions. US President Donald Trump on Thursday imposed a 5% tariff on imports from Mexico, which he said he will ratchet up unless Mexico halts the flow of illegal migrants into the US. Hong Kong, Shanghai and Tokyo exchanges fell, […]