Latest News

  • Dixons Carphone Shares Slump

    Shares of Dixons Carphone (DC.L), a European mobile phone and electrical goods retailer, plummeted after the company cut its dividend in fiscal 2019 and forecast a “significant” loss for the UK Mobile business in the financial year currently underway. Sales fell by 1% to 10.43 billion pounds ($13.14 billion) during the 12 months that ended April 27, from 10.53 billion […]

  • Consumer Sentiment Gauge Ticks Lower in June

    A key gauge of consumer sentiment ticked lower in June, missing analysts’ estimates as survey participants lowered their growth prospects for the national economy in the wake of tariffs on Chinese exports and a softening in employment growth. The University of Michigan’s preliminary consumer sentiment index, which is widely viewed as an indicator of the future course of the national […]

  • Asian ADRs Slip Lower in Trading

    American depositary receipts of Asian stocks were trading 2.51% lower at 1,427.65 on the BNY Mellon Asia 50 ADR Index on Tuesday. In North Asia, the gainers were led by electricity provider Korea Electric Power (KEP) and educational services provider Puxin (NEW), which rose 4.3% and 3.9% respectively. They were followed by financial services firm Nomura (NMR) and social media […]

  • Strong Gains for Consumer Discretionary Stocks

    Top Consumer Stocks WMT -0.02% MCD +0.51% DIS +0.79% CVS +3.6% KO -0.36% Consumer stocks were posting sizable gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead 2%. Among consumer stocks moving on news: (+) Yunji (YJ) was 2% […]

  • LyondellBasell Industries Hikes Dividend 5%; Board OKs Shares Buybacks; CFO Aebischer to retire

    LyondellBasell Industries (LYB), a plastics, chemicals and refining company, said early Friday its board has approved a quarterly dividend of $1.05 per share, 5% higher than the $1.00 dividend declared in Q1. The new dividend is payable June 17 to shareholders on record as of June 10. The company’s board also cleared the repurchase of up to 10% of LyondellBasell’s […]

  • Merck’s Keytruda Trial Demonstrates Survival Benefit for Patients With Head, Neck Squamous Cell Carcinoma

    Merck & Co. (MRK) said pre-market Friday new findings from the phase 3 Keynote-048 trial demonstrate superior overall survival outcomes from its drug Keytruda in combination with chemotherapy for patients with recurrent or metastatic head and neck squamous cell carcinoma. According to the drug maker, a final analysis showed Keytruda along with chemotherapy reduced the risk of death by 40% […]

  • Genesco Q1 Tops Estimates on EPS and Revenue

    Genesco (GCO) shares rose nearly 1% in pre-market trading as the specialty retailer posted Q1 adjusted earnings of $0.33 per share, up from $0.14 in the comparable period a year ago and exceeding the estimate of $0.03 from analysts polled by Capital IQ. For the quarter ended May 4, total revenue of $495.7 million was up from $486.2 million in […]

  • Cooper Companies Raises Full-Year Earnings Guidance as Contact Lens Sales Buoy Second-Quarter Results

    The Cooper Companies (COO) ramped up its adjusted earnings guidance after markets closed on Thursday as it posted better-than-expected results for its fiscal second quarter, supported by rising demand for its contact lenses. The Pleasanton, Calif.-headquartered manufacturer of medical devices used for vision correction and surgical procedures generated revenue of $654.3 million in the three months ended May 30. This […]