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Category: News

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Asia stocks gaining amidst US-China trade

Asia markets were having a boost during trade today (Friday) afternoon, as the recent developments on U.S.-China trade negotiations caught the attention of the investors. The Nikkei 225 in Japan surged 0.77% while the Topix index rose 0.67%. While South Korea’s Kospi ascended 0.83%, shares of chipmaker SK Hynix added 1.92%. Hong Kong’s Hang Seng…
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GrubHub and Uber, the most profitable shorts of 2019

According to data from S3 Partners, which is a financial analytics firm, GrubHub and Uber are the most lucrative short bets so far in 2019. The giant in the automobile industry, Tesla, used to be the most profitable short bet up until GrubHub and Uber dethroned it lately. According to Bloomberg, Tesla took the top…
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Investors expect tech start-ups to perform well after WeWork’s failed IPO

At the Web Summit tech conference which took place in Lisbon, Portugal this week, more than 2,000 start-ups attended in order to gain attention. Potential investors raised the question as to how the companies are going to make money and thrive in the industry. “The narrative on the distance to profitability and the path to…
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Adidas sales accelerate

On Wednesday, Adidas reported their 3rd quarter results that beat analyst expectations for net profit and sales. The German sportswear company believes that there would be a significant acceleration of sales in the fourth quarter after reporting stronger-than-expected sales and operating profit for the third quarter. According to Reuters, the third-quarter sales of Adidas surged…
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Saudi Aramco announced IPO

The long-awaited IPO of the oil giant Aramco is getting ready to be listed domestically in December. Saudi Aramco is the largest integrated oil and gas company in the world. The kingdom formally announced that the company would go public, although the exact details regarding the size and scope of the IPO remains a mystery.…
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A favorable time for L’Oreal

The shares of L’Oreal started surging as the result of reporting strong quarterly results. The shares ascended more than 6% early on Wednesday, following the report of its third quarter sales. L’Oreal marked the most successful quarterly jump in sales in more than a decade due to active demand in Asia. L’Oreal succeeded in showcasing…
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The profit of Healthcare company Philips soars due to growing demand

Headquartered in Amsterdam, Koninklijke Philips was founded in 1993. On Monday, the company stated that its core earnings surged 2.6% in the third quarter to 583 million euros ($646.3 million). This was due to the fact that the company is having a strong demand for its medical machines globally. There was a considerable amount of…
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S&P index moderately surges following the strong quarterly results of Microsoft

On Thursday, the S&P index somewhat gained as a result of the tech giant Microsoft reporting its strong quarterly results. The reported earnings per share of Microsoft was $1.38 on revenue of $33.06 billion for the previous quarter which beat the analyst expectations. According to the analysis done by Refinitv, the analysts estimated an earnings…
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SoftBank to take control of WeWork

SoftBank has initiated a deal with the office space provider WeWork to take 80% of the ownership of it. The company has been going through an unfavorable time and thanks to the Japanese company SoftBank, it is going to get a much needed boost as SoftBank is seeking to take control of WeWork through a…
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Stocks will rise this week, if the earnings keep beating expectations

As reported by CNBC, stocks will succeed in beating the all-time high records set earlier in 2019 as many S&P 500 companies get set to report. Both the S&P 500 and Dow Jones Industrial Average are 1% below their all-time highs. On the other hand, the Nasdaq Composite needs to gain 2% more to reach…
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