Tokyo opening news digest
|Why has Bitcoin’s latest fork failed to entice investors?|
|Priceline has been a good investment over the past 5 years outperforming the S&P 500 in every year except 2014. Before shares tumbled 13% last week, John Archer’s TAB fund had a 6% position in Priceline. Here’s what he thinks of the news.|
|The head of AMD‘s graphics business unit, Raja Kudori, recently joined Intel’s newly formed Core and Visual Computing group, which will focus on developing high end graphics solutions. This is something that Intel has not focused on traditionally|
|Societe Generale Cross Asset Strategy Research discusses GBP outlook in light of the recent political developments on the UK front.This morning’s mover is sterling. 40 MPS are reportedly ready to sign a letter saying they have lost confidence in the Prime Minister and the pound has suffered accordingly. Sterling is priced for soggy growt|
|Saudi Aramco’s is set to go forward with its IPO next year, Oman’s oil minister told CNBC. At an energy industry conference in Abu Dhabi, Oman’s Mohammed bin Hamad al-Rumhi was asked for an answer regarding his expectations over Saudi Aramco’s potential IPO next year.|
|Ritchie Bros. Auctioneers (RBA) reported third quarter adjusted EPS of $0.09 after the bell Thursday, down from $0.20 in the prior year period. Ritchie Bros. Auctioneers steadily declined until mid-morning, but settled into a range for the rest of the session.|
|Esterline Technologies Corp. (ESL) reported fourth quarter EPS of $1.27 after the close Thursday, down from $1.96 a year ago. Analysts expected EPS of $1.53. Esterline Technologies gapped open sharply lower Friday, but traded in a range for the majority of the session.|
|Trade Desk Inc. (TTD) reported third quarter non-GAAP EPS of $0.35 after the bell Thursday, up from $0.24 in the previous year. Revenues rose to $79.4 million, from $53.|
|Puma Biotechnology Inc. (PBYI) reported a third quarter non-GAAP loss of $1.36 per share after the close Thursday, compared to the loss of $1.11 per share a year ago.|
|Omeros Corp. (OMER) reported a third quarter net loss of $0.16 per share after the bell Thursday, compared to the loss of $0.34 per share last year. Omeros gapped up at the open Friday and rose sharply during the first 45 minutes of trade.|
|NVIDIA Corp. (NVDA) reported third quarter EPS of $1.33 after the bell Thursday, up from $0.94 in the prior year period. Analysts expected EPS of $0.94. Revenues rose 32.|
|Walmart is adding Lord & Taylor and its many designer brands to its website in its latest effort to attract high-income shoppers.|
|The private-equity firm Roark Capital Group offered $2.3 billion for Buffalo Wild Wings, according to The Wall Street Journal.|
|Tesla announced that it will reveal a big-rig semi-truck trailer in Los Angeles next week.
The new vehicle could help place it ahead of its competit…
|The Joint Committee on Taxation found that 9.1% of taxpayers would end up seeing their tax bill increase in 2019 under the Senate GOP’s Tax Cuts and Jobs Act.|
|Prominent Silicon Valley venture capitalist Steve Jurvetson has stepped down from the firm he co-founded, Draper Fisher Jurveston, reportedly followin|
|Wal-Mart Stores Inc. WMT, +0.08% said late Monday that department store Lord & Taylor will sell its goods on Walmart.com next year. The online store i|
|Denali Therapeutics Inc. dnli hopes to raise up to $100 million in an initial public offering, according to a filing with the Securities and Exchange|
|Switch Inc. SWCH, +5.70% shares fell in the extended session Monday even after the data-center company’s quarterly results–their first as a public co|
Whenever anyone talks to me about mad cow, I just pull out a picture of my ex-wife.
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Have a nice trading!