Investors in travel stocks like Caesar’s Entertainment, Wynn Resorts and Expedia took flight this week, sending the companies’ shares sharply lower. Craig Johnson, chief market technician at Piper Jaffray, says one consumer leisure stock is working for him. “The best stock, from our perspective, is Boyd Gaming. It’s going to have more of a domestic
0 Comments
NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights. The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S.
0 Comments
Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held
0 Comments
Saudi Arabia’s best-known investor is back in the market. Prince Alwaleed bin Talal, a longtime investor in international businesses including Citigroup, Twitter, Lyft and the Four Seasons hotel chain, announced a $270 million transaction with the French music-streaming company Deezer on Thursday. The Deezer investment is the prince’s first big international deal since January, when
0 Comments
CBS CEO Les Moonves had the chance Thursday to speak to the investor community about allegations of sexual misconduct stemming from an eight-month investigation by Ronan Farrow for The New Yorker. Instead of addressing the claims, he chose to remain silent. He talked about advertising growth and streaming video and direct-to-consumer platforms — everything but
0 Comments
Investors are loving Take-Two Interactive’s latest financial results. The shares of the game publisher are up 12 percent in Friday’s premarket session, a day after it reported June quarter non-GAAP earnings per share of 12 cents versus the Wall Street consensus of 7 cents. Take-Two also posted adjusted revenue of $288 million for the quarter
0 Comments
Just days before federal agents raided Michael Cohen’s home and office, Donald Trump’s then-personal lawyer secured a $10 million agreement with a top donor, The Wall Street Journal reported citing people familiar with the matter. The payment was conditional on Cohen securing funding for reactors at the Bellefonte Nuclear Power Plant in Alabama, sources told
0 Comments
GoPro reported second-quarter results that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
0 Comments