News 

Foot Locker shares surge the most in 40 years after earnings beat

“Shares of Foot Locker spiked 26 percent Friday after the shoe retailer posted stronger-than-expected earnings” writes unknown author for cnbc.com. Foot Locker posted adjusted earnings per share of 87 cents versus an average analyst estimate of 80 cents.Fears that e-commerce giant Amazon.com may seek to expand into apparel have made it a tough year for Foot Locker shares, now down more than 50 percent since January. Source: cnbc.com Share This:

Read More
News 

Fileless attacks surge in 2017, security solutions are not stopping them

“Organizations can clearly benefit from endpoint security solutions designed to block new threats like fileless attacks, which are responsible for the majority of today’s endpoint compromises,” the organizations say” writes Charlie Osborne for zdnet.com. Fileless attacks dismiss traditional methods of compromise, such as downloading and executing malicious files on a victim’s system, as they can be detected by security solutions.”The majority of organizations are replacing or augmenting these solutions with new security tools designed to stop fileless attacks, though many remain skeptical such attacks can be stopped at all.”. When…

Read More
News 

U.S. retail sales rise modestly in October after surge in prior month

“The numbers: Retail sales slowed in October after a sharp gain in the prior month” writes Senior Economics Reporter for marketwatch.com. Growth in consumer spending has been healthy, with retail sales up 4.6% over the past year.Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending.Excluding autos, sales rose 0.1% after a 1.2% gain in September. Source: marketwatch.com Share This:

Read More
News Platforms Stocks 

Roku downgraded by Oppenheimer after parabolic surge makes it the ‘most expensive’ internet stock

“Investors should take profits after Roku shares more than doubled in three days, according to one Wall Street firm” writes Brendan Mcdermid for cnbc.com. Oppenheimer on Tuesday lowered its rating to underperform from perform for Roku shares, citing the company’s excessive valuation.The roller coaster ride continued as the company’s stock rose more than 120 percent in the three trading days after it reported better-than-expected earnings Wednesday.”In our view, the stock is trading on non-fundamental factors, driven by a limited float … and high short interest.”.  Source: cnbc.com Share This:

Read More
News 

Russia’s Rusal third-quarter core earnings surge 30 percent year on year

“Russian aluminium giant Rusal’s core earnings beat expectations in the third quarter, helped by rising aluminium prices and greater sales of higher margin products” writes unknown author for cnbc.com. Third quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) surged by 30 percent to $549 million from $421 million in the third quarter of 2016 Analysts had expected core earnings of $515 million. Source: cnbc.com Share This:

Read More
News 

Digital Ally shares surge 19% premarket after company puts itself up for sale

“Digital Ally Inc. shares DGLY, -2.23% jumped 19% in premarket trade Wednesday, after the video recording equipment and analytic software company said it is exploring its strategic alternatives including a possible sale of the company” writes Ciara Linnane for marketwatch.com. The Lenexa, Kansas-based company said options include “monetizing its patent portfolio and related patent infringement litigation against Axon Enterprise, Inc. (“Axon,” formerly known as TASER International, Inc.) and Enforcement Video, LLC d/b/a WatchGuard Video (“WatchGuard”), the sale of the company as a whole, or the sale of select properties or…

Read More
News 

Global growth surge could be over already as engines stutter, UBS warns 

“The surge in global growth this year could be over already as its twin engines slow down” writes Tim Wallace for telegraph.co.uk. China’s property-fuelled expansion and the boom in US shale could be coming to an end, economists at UBS believe, with no clear new growth spurts appearing in other parts of the world. “The main engines behind the global growth acceleration in 2017 are starting to sputter,” said UBS’s Arend Kapteyn. “Significant rotation needs to take place from energy to non-energy investment to sustain the current 3.8pc growth pace.The…

Read More
News Oil 

Oil prices surge to fresh high amid Saudi shake-up

“The initial public offering of an up-to-5% stake in state-owned oil company Saudi Aramco is expected to take place in 2018” writes Markets Reporter for marketwatch.com. December West Texas Intermediate crude CLZ7, +3.13%  on the New York Mercantile Exchange was up $1.42, or 2.6%, to $57.67 a barrel.U.S. oil futures surged on Monday, headed for the highest settlement in more than two years as the crude market was rattled by political disruptions over the weekend in Saudi Arabia that saw officials and members of the royal family detained. Source: marketwatch.com Share…

Read More