News 

Berkshire trimmed its Apple stake, but it reportedly wasn’t Buffett’s idea

“By the end of 2017, Buffett’s conglomerate already owned 165.3 million Apple shares, and it bought another 75 million shares in the first quarter of 2018” writes Dhiraj Singh for cnbc.com. Berkshire Hathaway decreased its stake in Apple by nearly 3 million shares, to 249.5 million, in the fourth quarter, but Warren Buffett reportedly had nothing to do with the selling. Source: cnbc.com

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News Stocks 

Coty forms a special committee to consider JAB offer

“COTY, -0.41% said Friday that it has formed a special committee to consider the tender offer from JAB Holdings Co. for 150 million shares of Class A common stock at $11.65 per share in cash” writes Tonya Garcia for marketwatch.com. Coty shares have sunk 48.6% over the past year while the S&P 500 index SPX, +0.79% has gained 1.3% over the last 12 months.The committee has 10 days from the date the offer was announced, Feb. 13, 2019, to notify stockholders of their recommendation.The three-member committee “of disinterested, independent directors”…

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GBP News 

Euronext confident ‘dual-listed’ trading to continue after Brexit

“The European Commission is responsible for granting equivalence to foreign financial operators, taking advice from the European Securities and Markets Authority (ESMA)” reports businessinsider.com. The European Commission said on Friday it was aware of the issues around dual listed shares and is in contact with ESMA on the matter.FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie Thomson Reuters By Huw Jones LONDON (Reuters) – The trading of dual-listed shares in Britain by European investors is…

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News Stocks 

Nvidia surges after beating on profits and sales expectations

“Nvidia shares have fallen 47% from their record high last October, though have climbed 16% so far this year” writes Rebecca Ungarino for businessinsider.com. Shares of semiconductor manufacturer Nvidia surged 8% in after-hours trading on Thursday after the company reported quarterly earnings that topped analysts’ expectations on the top and bottom lines.Here’s what Nvidia reported for its fourth-quarter 2019 results, compared to what analysts surveyed by Bloomberg expected: Nvidia reported record full-year revenue of $11.72 billion.Read more: ‘The crypto-GPU hangover continued’: Here’s what Wall Street is saying about AMD earnings…

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News Stocks 

Applied Materials earnings beat diminished expectations, but stock falls as forecast comes up short

“Applied Materials shares dipped more than 2% in after-hours action following release of the results, after closing with a 0.3% decline at $40.71” writes Jeremy C for marketwatch.com. For the fiscal second quarter, Applied Materials guided for adjusted earnings of 62 cents a share to 70 cents a share on revenue of $3.33 billion to $3.63 billion.Analysts on average were expecting adjusted earnings of 76 cents a share on sales of $3.66 billion, according to FactSet.Analysts on average expected adjusted earnings of 79 cents a share on sales of $3.71…

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News Stocks 

CenturyLink’s stock plummets to 2-decade low after dividend chopped in half

“But the company said it was lowering its annual dividend rate to $1.00 a share from $2.16 a share, beginning with the next dividend declaration” writes Reporter Editor for marketwatch.com. Based on Wednesday’s stock closing price of $14.70, the previous rate implied a dividend yield of 14.69%.No less than two analysts followed by downgrading the stock and at least eight analysts cut their price targets.At the new annual dividend rate, the yield would still be the highest in the S&P 500 at 7.67% at current prices.The dividend cut will reduce…

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News 

Truck rental company Ryder shares soar 5% on earnings beat

“Truck rental and leasing company Ryder System Inc.s shares R, +4.20% soared 5% Thursday, after the company beat earnings estimates for the fourth quarter” writes Ciara Linnane for marketwatch.com. Adjusted per-share earnings came to $1.82, ahead of the FactSet consensus of $1.81.In 2019, the company is expecting “solid earnings growth across all business segments,” Chief Executive Robert Sanchez said in a statement. Source: marketwatch.com

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