Month: January 2019
Mother sinks as son gains: Today’s bittersweet stock saga
The stock markets often spring up some intriguing storylines. And as markets opened on Wednesday, investors were treated with a…
Acuity Brands’ stock gets a lift after Q1 results beat estimates
Acuity Brands Inc. (AYI) reported better-than-expected sales and earnings for the first quarter of 2019, sending the stock up over…
Constellation Brands slips on weak 2019 earnings outlook
Constellation Brands Inc. (STZ) reported a 38% dip in earnings for the third quarter due to a loss from unconsolidated…
Chesapeake Energy Corp announces Q4 2018 preliminary results
Oklahoma City-based Chesapeake Energy Corp (CHK) on Wednesday announced some preliminary results of its fourth quarter of 2018. The energy…
Lennar Corp reports strong Q4 earnings, defers guidance
Helped by a 9% increase in the average sales price of homes, Lennar Corp (LEN) reported fourth-quarter earnings that surpassed…
Antero Resources tweaks 2019 production outlook after oil prices slump
With oil and natural gas prices slumping, Antero Resources Corp (AR) cut its 2019 drilling and completion budget. On a…
Relief for Sears after chairman’s buyout bid gets court nod
The uncertainty over the fate of embattled retailer Sears Holdings (SHLD) eased slightly Tuesday after a bankruptcy judge allowed hedge…
Smart Global Holdings plunges on weak Q1 results, forecast
Smart Global Holdings (SGH) reported a 48% jump in earnings for the first quarter helped by the strength in its…
Amazon faces more competition in grocery
Amazon.com Inc. (AMZN) took Microsoft’s (MSFT) place as the most valuable public company in the US on Monday. Amazon, with…
Facebook stock gains after JPMorgan predicts strong turnaround this year
Facebook (FB) got a new lease of life this week after JPMorgn came up with an exceptionally bullish outlook on…