Sysco Corporation (SYY – Free Report) reported third-quarter fiscal 2018 results, wherein both top and bottom lines grew year over year and the latter surpassed the Zacks Consensus Estimate for the fourth consecutive quarter. In fact, Sysco’s impressive past record has helped it jump 16.3% in a year, as against the industry’s decline of 15.4%. Quarter in Detail Adjusted…
Interactive Brokers chief options strategist Steve Sosnick discusses the impact on the financial markets from the Institute for Supply Management’s (ISM’s) latest downbeat manufacturing figures and disappointing auto sales numbers.
Chinese e-commerce giant Alibaba Group (BABA – Free Report) reported fourth-quarter fiscal 2018 results before the opening bell yesterday wherein it surpassed both the earnings and revenue expectation and provided an upbeat fiscal revenue guidance. Earnings of 91 per ADS came in three cents above the Zacks Consensus Estimate. Revenues jumped 61% year over year to $9.87…
The Barchart Chart of the Day belongs to CareDx (CDNA). I found the medical services stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 3/23 the stock gained 24.74%. CareDx, Inc. is a commercial…
As you may have noticed, market volatility has begun to cool a bit in recent weeks. While we wouldn’t go as far as famed investor Jack Bogle did when he said recently that it’s the most volatile market he’s seen in his career, the action over the first few months of 2018 was certainly a lot more…
The markets will start the week by breaking down every word coming from the Berkshire Hathaway shareholder meeting. Inflation data is on tap for later this week, and we have a full slate of earnings reports again coming from the likes of Nvidia, Disney and Valeant Pharmaceuticals. Dividend seekers should stick to tried and true…
Stocks were higher, rallying from the opening hours. The rally faded a bit in the afternoon, with stocks giving back from the highs but still managing to add another gain in May. Gold and silver were largely unchanged and the Dollar was a bit higher. Tomorrow Trumpolini is promising to have a decision on the…
The 180-day lockup period for Stitch Fix Inc. (SFIX) ends on May 16, 2018. When this six-month period ends, the company’s pre-IPO shareholders and company insiders will have the opportunity to sell more than 56 million shares of currently-restricted stock. Any significant sales could cause a flood of shares into the secondary market and provide a…
International Flavors & Fragrances Inc. (NYSE: IFF) International Flavors & Fragrances Inc. reported positive first quarter results which were above analyst expectations on before the bell on Monday. The company reported a 12% increase in revenue, triggering its shares to surge by 7% during the morning hours. The New-York based firm also announced it would acquire…
