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Buy Square shares because its sales will soar from its new services to restaurants: Instinet

“Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm” writes Shannon Stapleton for cnbc.com. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants” will thrive.”The launch of Square for Restaurants marks Square’s entry into the $650-700bn U.S. restaurant industry. We see at least ~30% potential upside to adj. revenue over a three-year period, a combination of payment processing revenue and cross-selling of ancillary software and services,” analyst Dan Dolev…

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This one factor has determined which stocks rise or fall on trade-war fears

“The heavier U.S. focus of smaller stocks, in contrast, means they face less of a currency headwind” writes Markets Reporter for marketwatch.com. Don’t miss: Why there’s no ETF for you to cash in on a trade war Within the Dow, the average’s global-focused stocks have lead recent declines.In contrast, the Russell gets 78.6% of its revenue from the U.S., providing a bigger buffer against any escalation. Source: marketwatch.com Share This:

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BlackBerry 1st Quarter Earnings: What to Expect

“For the quarter that ended May, analysts expect BlackBerry to report breakeven adjusted earnings per share on revenue of $209.34 million” writes Richard Saintvilus for nasdaq.com. BlackBerry (BB) is set to report first quarter fiscal 2019 earnings results before the opening bell Friday.This once-iconic smartphone maker, which pioneered the mobile computing market, has turned itself into a security-focused enterprise software company. In other words, while the company has successfully transitioned away from hardware to software, BlackBerry is still a wait-and-see story.This compares to the year-ago quarter when earnings were 2…

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Red Hat 1st Quarter Earnings: What to Expect

“Red Hat (RHT) is set to report first quarter fiscal 2019 earnings results after the closing bell Thursday” writes Richard Saintvilus for nasdaq.com. As such, it’s critical for Red Hat to demonstrate on Thursday that it still has multiple growth levers it can pull.Red Hat earnings are still predicted to grow at more than 16% annually in the next two years, while revenue is projected to grow at an average rate of 18% over the next five years.This compares to the year-ago quarter when earnings were 56 cents per share…

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Mercer CIO Promoted to Global Chief Digital Officer

“Consulting firm Mercer LLC on Wednesday promoted its chief information officer, Gail Evans, to a newly created role of global chief digital officer” writes Steven Norton Wsj for wsj.com. Hussey previously was CIO for Mercer’s retirement and investment businesses.Evans is working with the leadership team and Marsh & McLennan to develop a set of metrics to measure the impact of digital initiatives across the business. Source: wsj.com Share This:

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Crypto News 

BitFury Group Quintuples Its Revenue Through BlockBox…

“Moreover, governments are actively regulating Bitcoin and other cryptocurrencies This process can have negative consequences for Bitcoin mining firms such as BitFury Group” writes Jp Buntinx for livebitcoinnews.com. This company has made a name for itself in the world of Bitcoin mining, and more recently, blockchain analysis. Source: livebitcoinnews.com Share This:

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Oracle 4th Quarter Earnings: What to Expect

“Database and Cloud software giant Oracle (ORCL) will report fourth quarter fiscal 2018 earnings results after the closing bell Tuesday” writes Richard Saintvilus for nasdaq.com. This compares to the year-ago quarter when earnings came came to 89 cents per share on revenue of $10.94 billion.In the three months that ended May, Wall Street expects Oracle to earn 94 cents per share on revenue of $11.19 billion. And to the extent Oracle can continue growing its Cloud market share, albeit a slow growth trend, Oracle will continue to be awarded the…

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Oracle beats Wall Street’s expectations across the board with earnings up 11%

“Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings” writes Becky Peterson for businessinsider.com. “Last year, I forecast double-digit non-GAAP earnings per share growth for FY18 and we delivered 14% growth this year, largely driven by strong growth in our cloud businesses,” said Oracle CEO Safra Catz. “Looking ahead to FY19, I expect revenue growth will enable us to deliver double-digit non-GAAP earnings per share growth once again.”.  Source: businessinsider.com Share This:

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