Market Update

Broadcom Lifts Qualcomm Bid, Bristol-Myers Jumps on Earnings

Mukesh Buch
05 Feb, 2018
New York City

Bristol-Myers jumps on earnings and also said its key trial for immunotherapy or lung cancer drug show strong promise. Broadcom lifted its bid to $120 billion for Qualcomm. Booz Allen won cyber-security contract worth $621 million. Hess net loss narrowed. Sysco beats revenue expectations.

Sandvik Profit Soars 94%, Vonovia Launches BUWOG Takeover Offer

Sarla Buch
05 Feb, 2018
New York City

Capgemini agreed to acquire the U.S.-based LiquidHub for

Apple Investors Worry High Priced iPhone Sales Outlook, Amazon Jumps

Mukesh Buch
02 Feb, 2018
New York City

Apple stock fell on the worries that the latest version of iPhone sales may falter on high prices. Amazon profit jumped after strong holiday sales. Exxon Mobil profit quintupled on tax benefit. Alphabet slumped after quarterly results declined. Phillips 66 reported strong quarterly profit.

AstraZeneca Tumbles on Weak Sales, Deutsche Bank Posts 3rd Quarterly Loss

Sarla Buch
02 Feb, 2018
New York City

AstraZeneca beats earnings estimate. BT profits and revenues missed forecasts. CaixaBank revenues jumped. Danske Bank plans to launch share buy-back program for up to 10 billion krone. Deutsche Bank net loss widened on weak revenues and tax changes in the U.S.

Facebook Ad Revenues Jump, Microsoft Growth Accelerates on Cloud Business

Mukesh Buch
01 Feb, 2018
New York City

AT&T profit surged. Facebook offered upbeat forecast despite the usage decline in the U.S. Microsoft cloud business accelerates. MasterCard net tumbled 76% on new tax law but revenues surged. Time Warner reported strong quarterly growth.

Daimler Cautious on 2018; Unilever Profit Jumps, Vodafone Sales Fall

Sarla Buch
01 Feb, 2018
New York City

Daimler profit surged 24% but issued cautious outlook. Dassault Systemes forecasted strong annual revenues growth. Vodafone plunged on disappointing results. Nokia loss widened. Novo Nordisk reported disappointing earnings results. Unilever profit surged. Vodafone revenue fell.

Eli Lilly Lifts Earnings Outlook, Fujifilm Acquire Xerox in $6.1 B Deal

Mukesh Buch
31 Jan, 2018
New York City

ArcelorMittal profit surged on higher steel prices. Boeing beats quarterly estimates. Eli Lilly lifted earnings outlook. Nasdaq net swung to profit on higher revenues. Xerox surged on merger agreement with Japan-based Fujifilm.

Santander, Siemens and Volvo Profit Jump; H&M Net Suffers on Faltering Traffic

Sarla Buch
31 Jan, 2018
New York City

Banco Santander profit soared as European economy show signs of mild strengths. Ericsson reported higher than expected losses. H&M plunged on disappointed results. Siemens profit surged on strong sales and orders. Volvo offered positive market outlook.

McDonald

Mukesh Buch
30 Jan, 2018
New York City

Aetna beats profit forecasts. Danaher revenues soared. Harley-Davidson plans to close Kansas City plant as worldwide sales fell. McDonald''s reported healthy system wide same store sales growth. Pfizer estimated upbeat 2018 earnings outlook.

SAP Buys Callidus Software, Informa, UBM Merger to Shape Event Industry

Sarla Buch
30 Jan, 2018
New York City

Loomis annual profit missed estimates. Philips Electronics reported higher profit. Siemens Gamesa held out for positive outlook in India. SAP plans to acquire Callidus in $2.4 billion. UBM agreed to be acquired by Informa for

Lockheed Martin Earnings Beats Estimates, Seagate Net Tumbles

Mukesh Buch
29 Jan, 2018
New York City

Affiliated Managers earning were ahead of expectations. Dominion Energy lifted fiscal earnings outlook. DST Systems revenues surged. Lockheed Martin sales beat expectations. Seagate Technology net tumbled 47%. WestRock net soared.

Sanofi in

Sarla Buch
29 Jan, 2018
New York City

Ablynx agreed to be acquired by France-based Sanofi for

Honeywell Lifts Estimate, Starbucks Falls 5% in Weak U.S. Holiday Sales

Mukesh Buch
26 Jan, 2018
New York City

Colgate-Palmolive profit tumbled 47%. Honeywell lifted earnings forecast. Intel surged on stronger quarterly results. Rockwell Collins beats earnings estimates. Starbucks holiday sales disappointed analysts.

LVMH Sale Jumps on Asian Demand, Givaudan Reports Steady Growth

Sarla Buch
26 Jan, 2018
New York City

Aryzta tumbled on profit warnings. Givaudan reported strong full-year financial performance. LVMH reported better-than-expected sales growth. Nordea Bank profit tumbled on weak activity. Telia net plummeted on hefty impairments.

3M Lifts Fiscal Outlook; Caterpillar Net Loss Narrows, Ford Net Surges

Mukesh Buch
25 Jan, 2018
New York City

3M lifted fiscal 2018 outlook. Biogen robust fiscal 2018 estimate on record revenues. Caterpillar beats profit estimates after sales surged 35%. Celgene profit soared on strong Revlimid sales. Ford annual profit surged. Northrop Grumman profit tumbled 66%.