Controversial drug maker Valeant Pharmaceuticals International Inc. (NYSE: VRX) once again lowered its revenue guidance on Tuesday, but VRX stock rose more than 7 percent in morning trading as investors are hopeful that the company is taking positive steps to get business back on track.
Walt Disney Co. (NYSE: DIS) is set to report its fiscal third quarter earnings after the market close on Tuesday. Concerns over cord-cutting and subscriber losses at ESPN have weighed on the stock in 2017, but there are several reasons for longer-term optimism at Disney.
Tesla Inc (Nasdaq: TSLA) announced plans for a major $1.5 billion senior note bond offering on Monday, giving investors an alternative to TSLA stock, which is famously volatile. For long-term investors looking for a safer way to invest in Tesla than buying its shares, Tesla corporate bonds provide a much lower-risk alternative.
The fate of the U.S. health care system and the Affordable Care Act marketplace is as uncertain as ever following President Donald Trump’s threats to withhold federal cost-sharing reduction subsidies, or CSRs, from insurers.
The U.S. economy added another 209,000 jobs in July, according to the latest employment report. With unemployment down to 4.3 percent and wages on the rise, the report has increased the chance of another Federal Reserve interest rate hike by the end of the year.
United States Steel Corporation (NYSE: X) stock has been trending lower ever since the company reported a big second-quarter earnings beat on July 25. Despite some encouraging internal business developments under new CEO Dave Burritt, investors have been focused on comments from President Donald Trump related to an ongoing investigation into steel imports.
Square Inc. (NYSE: SQ) shares were down more than 5 percent in early trading on Thursday after the company reported its second-quarter earnings on Wednesday. Square topped consensus estimates for revenue and earnings per share and raised its full-year guidance, but investors took the opportunity to take some profits on the red-hot stock.
Apple, Inc. (Nasdaq: AAPL) is one of only a handful of companies which has a business so large that it meaningfully impacts other large-cap companies. Electronics retailer Best Buy Co Inc (BBY) has a lot riding on Apple’s business, and Apple’s blowout quarter and impressive forward guidance suggest Best Buy could be along for the ride.
The Dow Jones industrial average once again ventured into uncharted territory today, and investors have Apple, Inc. (Nasdaq: AAPL) to thank. The Dow surpassed 22,000 for the first time on the strength of Apple’s blowout earnings report.
Macau, the world’s largest casino gambling hub, reported 29.2 percent gross gaming revenue growth in July, easily topping consensus analyst estimates of 26 percent growth.