Month: April 2018

Kentucky Derby hopeful Gronkowski will miss next week’s Run for the Roses. Phoenix Thoroughbreds said Gronkowski spiked a fever over the weekend and was immediately treated with antibiotics. While the sudden illness seems minor and the colt has been eating heartily and otherwise responding well to treatment, the condition will prevent his shipment to Louisville,
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Restaurant Brands International’s first-quarter profit topped analysts’ estimates on Tuesday, vindicating the company’s strategy of cheaper meals and more breakfast options at the Burger King chain. The company, which is striving to better compete with McDonald’s and Yum Brands’ KFC, said same-store sales at Burger King rose 3.8 percent in the three months ended March
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The stereotypical child star generally is not known for being good with money. Yet Cary Guffey, who played Barry, the young boy abducted by aliens in director Steven Spielberg’s 1977 classic Close Encounters of the Third Kind, now oversees $170 million in assets as a financial advisor with PNC Investments. More from Investor Toolkit:How to
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IPhone’s falling sales will hurt a key Apple supplier, according to a Wall Street firm. Mizuho Securities lowered its rating to neutral from buy for Skyworks Solutions shares, predicting the chipmaker will face pricing pressure later this year. The supplier manufactures radio frequency semiconductors, which enable the ability of smartphones to communicate with wireless networks.
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Drug developer Biogen reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy
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Looking to today’s trading session in Europe, earnings season continues to deliver a fresh cluster of financial updates from leading businesses. Kering, SAP, Telecom Italia, AkzoNobel, Randstad, Santander, Volvo Group, Swedbank, Anglo American, Shire and the London Stock Exchange are just a handful of those slated to publish results. In markets overseas, stocks in Asia
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Check out the companies making headlines after the bell on Monday: Cadence Design Systems stock surged more than 11 percent in after-hours trading. The software and engineering services company reported first quarter financial results that beat analyst expectations. Cadence reported EPS of $0.40 on revenue of $517 million versus the $0.37 on $505 million analysts
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Founder Mark Zuckerberg‘s apology before Congress came off as insincere, Gundlach added, and the company’s fortunes are changing. Supporters, he said, argue that “regulation outprices competition,” but Gundlach said “equity bubbles pop by regulation.” The pair trade of energy exploration and technology seems incongruous, but such efforts have paid off before. Looking at the diversion
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In the United States, stocks opened slightly higher on Monday, with Merck and Caterpillar helping lead the gains. Wall Street also zeroed in on interest rates as they pushed higher. The 10-year Treasury note yield hit a high of 2.99 percent, threatening once again to reach 3 percent. The benchmark rate last traded at 3
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Needham downgraded Lululemon stock on Monday to hold from buy, saying the athletic apparel maker faces tough year-over-year sales growth comparisons. “We think [long-term] drivers remain intact (international, e-commerce, and men’s) and 1Q18 should be good on a strong start to the year and easy comparisons,” analyst Rick Patel said in a note to clients.
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There’s a natural fear that the threatened $100 billion in tariffs on Chinese goods may hurt investment portfolios. But while the stakes seem high, they are much higher if you get rid of mutual funds containing Chinese investments before careful analysis. It’s important to react slowly. Strategies to help portfolios survive a changing trade environment
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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