Momentum Stocks

Applied Materials Seeks Growth From New Products

Applied Materials (AMAT), a supplier of equipment and software to semiconductor manufacturers, said late on Thursday new products under development would deliver growth in the future, after reporting a drop in year-on-year adjusted earnings and sales that was smaller than the market had expected in the fiscal third quarter. Net sales at the Santa Clara, Calif.-based group fell by 14% […]

by × August 16, 2019 ×

Texas Instruments Second-Quarter Results Down

Texas Instruments (TXN) unveiled guidance for its fiscal third-quarter which was in line with analysts’ estimates after markets closed on Tuesday as it posted a drop in second-quarter earnings and revenue, which was attributed in part to declining sales from embedded processing business segment The Dallas, Tx.-headquartered business — which manufactures semiconductors that are used in connected cars and self-monitoring […]

by × July 24, 2019 ×

E*TRADE Financial Unveils $1.5 Billion Share Buyback Program

Investment products provider E*TRADE Financial (ETFC) unveiled a $1.5 billion share buyback program late on Thursday as it reported a decline in second-quarter revenue following a repositioning of its balance sheet through the sale of lower-yielding investment securities. The company repositioned its balance sheet during the period through the sales of $4.5 billion of lower-yielding investment securities. It said that […]

by × July 19, 2019 ×

Darden Restaurants Unveils 2020 Guidance

Darden Restaurants (DRI) unveiled full-year 2020 guidance on Thursday as it posted results for its fiscal fourth quarter which saw adjusted earnings and revenue advance year-on-year, helped by rising sales at the Olive Garden. The Orlando, Fl.-based restaurant chain generated revenue of $2.23 billion in the three months ended May 26, up from $2.13 billion in the corresponding quarter of […]

by × June 20, 2019 ×

Casey’s General Stores Shares Jump

Shares of Casey’s General Stores (CASY) surged in late trade Monday after the firm reported sales and earnings in the fiscal fourth quarter that beat the market’s forecasts. Group revenue rose to $2.18 billion during the three months that ended April 30, from $2.09 billion a year earlier, the company said in an earnings statement. That result was also ahead […]

by × June 11, 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 ×