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Eli Lilly Shares Jump After Dividend Boost, Robust 2019 Outlook

“Eli Lilly added that its next quarter dividend payout will rise by 15% to 64.5 cents per share” writes Martin Baccardax for thestreet.com. Eli Lilly (LLY) shares jumped higher in premarket trading Wednesday after it boosted its quarterly dividend and issued stronger-than-expected 2019 profits forecasts thanks to stronger demand for new medicines and its existing diabetes drug franchise. Source: thestreet.com Share This:

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SoftBank Corp shares slide 10 percent on debut after record Japan IPO

“Following its $23.5 billion initial public offering, shares of the telecoms unit of SoftBank Group Corp fell as far as 1,344 yen five minutes into trade, or 10.4 percent lower than its IPO price of 1,500 yen” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – SoftBank Corp shares slumped more than 10 percent in their debut on Wednesday, as investor appetite for Japan’s biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei.At 9:27 a.m. (0027 GMT),…

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Micron shares drop more than 7% after missing on revenue

“Micron Technology shares dropped more than 6 percent during after hours trading Tuesday after the company missed revenue expectations in its quarterly earnings” writes Waverly Colville for cnbc.com. The company reported $7.91 billion, missing revenue estimates of $8.02 billion.The Boise, Idaho-based company announced in September that President Trump’s tariffs on Chinese goods will hurt its profitability.Micron said the impact of US tariffs were a half percent of its gross margin in the fiscal first quarter. Source: cnbc.com Share This:

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After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite

“Bank of America Merrill Lynch also released it survey of fund managers on Tuesday” writes unknown author for cnbc.com. But now, the dollar has become fund managers’ number one trade.Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year.Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Source: cnbc.com Share This:

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Blue Apron tumbles below $1 for the first time

“Blue Apron shares fell below the $1 mark Tuesday for the first time as a publicly traded company” writes Jonathan Garber for businessinsider.com. And a few months later, Blue Apron’s announced it was having trouble keeping its customers.In May of this year, with the stock already trading near $2.75, the banks that took the company public said shares were only worth $3 apiece. Source: businessinsider.com Share This:

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Boeing Shares Cruise Higher After Quarterly Dividend, Buyback Boost

“Boeing (BA) shares jumped notably higher in pre-market trading Tuesday after the world’s biggest planemaker boosted its quarterly dividend and increased the size of its share buyback program” writes Martin Baccardax for thestreet.com. Boeing shares were marked 2.2% higher in pre-market trading Tuesday, indicating an opening bell price of $323.05 and the first gain for the Dow component in four sessions.Boeing said its dividend has increased by 325%, and share buybacks have hit 230 million, over the past six years.Boeing said it purchased around $9 billion worth of shares under…

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World stocks slide as global growth worries deepen

“Oil prices extended losses on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.25 percent in early trade while Japan’s Nikkei tumbled 1.5 percent.TOKYO (Reuters) – Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. Source: 95kqds.com Share This:

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J&J announces $5 billion share buyback after shares extend losses

“In response to the report, the company said on Friday “any suggestion that Johnson & Johnson knew or hid information about the safety of talc is false.”” writes Midwest Communications Inc for 95kqds.com. J&J shares were trading at $130.30 in after hours trading following a close at $129.14 on Monday.They were up about 1 percent in extended trading following the announcement of the share buyback.Shares of the company closed down 3 percent on Monday, extending a 10 percent fall on Friday after the report was published. Source: 95kqds.com Share This:

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Add healthcare investors to the list of victims of that Texas judge’s idiotic ruling against Obamacare

“Molina shares were trading at $115.28, down about 12.5%, in midday action Monday on Nasdaq” writes Michael Hiltzik for latimes.com. Upon the opening, the shares were down as much as 16% from Friday’s closing price of $131.72. (O’Connor issued his ruling after the market’s close on Friday.).  Source: latimes.com Share This:

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