Market News

Alibaba Shares Rise

Alibaba Group’s (BABA) shares rose Thursday after the Chinese e-commerce giant’s fiscal first-quarter results easily beat expectations on solid growth in its core retail business. Alibaba said revenue rose to 114.92 billion renminbi ($15.91 billion) on the quarter ended June 30, up from 80.92 billion renminbi in the prior-year period and ahead of Capital IQ’s consensus of 111.65 billion renminbi. […]

by × August 15, 2019 ×

ISM Non-Manufacturing Gauge Hits Three-Year Low

Economic activity in non-manufacturing, a sector that ranges from real estate to construction and entertainment, grew at a slower pace in July than expected as the Institute for Supply Management’s gauge hit the lowest level in almost three years. The ISM’s non-manufacturing index fell 1.4 points from the month before to 53.7%, the lowest level since the August 2016 print […]

by × August 5, 2019 ×

European ADRs Move Higher

American Depositary Receipts of European stocks were trading 1.02% higher at 1,052.36 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical (OASM) and biotech firm Zealand Pharma (ZEAL), which surged 11.8% and 8%, respectively. They were followed by 3D printer company Voxeljet (VJET) and biopharmaceutical company Genfit […]

by × July 29, 2019 ×

Colgate-Palmolive Maintains Full-Year Guidance

Colgate-Palmolive (CL) reiterated its full-year guidance on Friday as it posted a decline in revenue and adjusted earnings for its fiscal second quarter which were impacted by foreign-exchange headwinds. The company, which sells toothpaste, mouthwash, shampoo and shower gel, reported revenue of $3.87 billion in the three months ended June 30, down from $3.89 billion in the same quarter of […]

by × July 26, 2019 ×

Consumer Stocks Still on Positive Ground

Consumer stocks were narrowly higher, with shares of consumer staples companies in the S&P 500 climbing about 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead up more than 0.1%. Among consumer stocks moving on news: (+) Monaker Group (MKGI) was unchanged again Friday afternoon, falling from an earlier 1% gain in low-volume. The […]

by × June 14, 2019 ×

Global Portfolio Risk Report, Wednesday, June 5

Oil producers could face a price slump unless OPEC+Russia cut production again, advised ING, the Dutch-based financial house. But Russia may not go along with more production cuts, setting up a surplus-supply situation. “There seems to be growing resistance from Russian oil producers to extend the current production cut deal through until the end of the year,” said ING. The […]

by × June 5, 2019 ×

Campbell Soup Raises Earnings Guidance as Synder’s-Lance Acquisition Supports Third Quarter Beat

Campbell Soup (CPB) raised its guidance for full-year earnings on Wednesday as it posted better-than-expected results for the fiscal third quarter, which was buttressed by its acquisition of salty snacks maker Synder’s-Lance last year. The Camden, NJ-based company, which was founded in 1869 and makes snacks, soups and simple meals, reported total combined company sales of $2.39 billion in the […]

by × June 5, 2019 ×

Taiwan Semiconductor Downplays Impact of US-Huawei Clash

Taiwan Semiconductor Manufacturing (TSM) expects a short-term impact from the US government’s move to blacklist Chinese telecommunication equipment maker Huawei Technologies but the chip maker maintains upbeat for the year, Reuters reported Wednesday. The semiconductor manufacturer had previously clarified that its shipments from Huawei were not affected by the impending ban and that it is keen on maintaining its business […]

by × June 5, 2019 ×

Dow, Deinoive Collaborate on New Cosmetic Active Ingredient

Chemicals maker Dow (DOW) and Deinove said pre-market Wednesday they are teaming up to develop a cosmetic ingredient for skin care applications derived from the French biotechnology company’s collection of bacterial extracts. No financial terms were included in the joint statement. Dow has chosen one extract from Denoive’s bacterial bank. Deinove will develop and optimize a dedicated production process and […]

by × June 5, 2019 ×