“AME, +1.70% said Wednesday its board has increased its share buyback authorization by $500 million” writes Ciara Linnane for marketwatch.com. The new authorization will be added to the roughly $1 million that is currently available in the company’s program. Source: marketwatch.com
Read More“ARNC, +2.46% said Wednesday it is planning to invest $100 million to expand its hot mill capacity and add downstream equipment capabilities to industrial and automotive products at its Tennessee operations” writes Ciara Linnane for marketwatch.com. The company is expecting the move to create 70 new jobs and to be complete by the fourth quarter. Source: marketwatch.com
Read More“EA’s stock has lost 0.3% over the past three months, as the S&P 500 SPX, -0.71% has fallen 4.3%” writes Emily Bary for marketwatch.com. The stock dropped 13% in Wednesday’s session following that earnings announcement, but shares of EA and peers rallied on Thursday.EA, +14.15% are up more than 11% in Friday morning trading after the company said that its Apex Legends game logged more than 10 million players in its first 72 hours. Source: marketwatch.com
Read More“Since its December selloff, the market has made a remarkable but questionable (more on that later) rebound to its 200-day moving average” writes Michael Sincere for marketwatch.com. In other words, first see how the market reacts as the S&P 500 straddles the 200-day moving average.One thing is for sure: The market cannot go sideways for long, so prepare for a breakout or breakdown in the near future. Source: marketwatch.com
Read More“Stocks rose at the opening bell on Wednesday as investors turned their attention to a raft of better-than-expected earnings from banks” writes Sunny Oh for marketwatch.com. Also giving equities a boost, the People’s Bank of China injected a record $83 billion into the country’s banks as Beijing attempts to arrest its own slowdown. Source: marketwatch.com
Read More“GOOGL, -2.77% GOOG, -2.85% health unit Verily said late Thursday it raised $1 billion in new funding” writes Tech Reporter for marketwatch.com. During the regular session Alphabet class A stock fell 2.8%, as the S&P 500 index SPX, -2.48% slid 2.5%.Alphabet class A stock was up 0.2% in after-hours trading.Private equity operation Silver Lake, which led the funding round, will also place Egon Durban on the operating board. Source: marketwatch.com
Read More“Porsche Cars North America Inc. said Thursday it had record U.S. retail sales in 2018, selling 57,202 vehicles, up 3.2% from the record set in 2017” writes Ciara Linnane for marketwatch.com. U.S.-listed shares were down 1.8%, and are down 34% in the last 12 months, while the S&P 500 SPX, -1.32% has fallen 10%. Source: marketwatch.com
Read More“AJX, +1.93% said Monday it is planning to pay a special cash dividend of 5 cents a share” writes Ciara Linnane for marketwatch.com. The payment will be made Jan. 31 to shareholders of record as of Jan. 15. Source: marketwatch.com
Read More“(Reuters) – U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July” writes Midwest Communications Inc for 95kqds.com. EDT the Dow Jones Industrial Average was down 508.11 points, or 2.22 percent, at 22,370.34, the S&P 500 was down 52.86 points, or 2.14 percent, at 2,414.84 and the Nasdaq Composite was down 155.05 points, or 2.37 percent, at 6,399.31. Source: 95kqds.com
Read More“JBX, -3.02% said Monday it was exploring strategic and financing alternatives to maximize shareholder value, including a potential sale of the company” writes Reporter Editor for marketwatch.com. The stock has shed 18.1% year to date, while the S&P 500 SPX, -1.91% has declined 2.8%.The company said it has not set a deadline to conclude the process. Source: marketwatch.com
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