Tech Stocks Hanging On To Moderate Gains

Tech Stocks Hanging On To Moderate Gains

Technology stocks were recovering Friday from several days of declines earlier this week, with shares of tech companies in the S&P 500 increasing by nearly 0.4%. In company news, Oracle (ORCL) retreated Friday after the enterprise software firm last night offered up projected revenue growth for its current financial reporting period trailing Wall Street estimates. The company is expecting fiscal Q2 revenue for the three months ending in late November […]

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European Equity Benchmarks Close Lower

European Equity Benchmarks Close Lower

The broad-based major European indices closed lower in Friday’s trading session, as financial stocks and mining companies weighed on the markets. In economic news, Eurostat, the statistical office of the European Union, reported that for the euro area, (EA19) exports of goods to the rest of the world in July was EUR177.7 billion ($212.47 billion), an increase of 6.1% compared with July 2016 (EUR167.6 billion). Imports from the rest of […]

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Canaccord Raises Oracle Orice Target to $57 From $56 on “Solid” Earnings Outlook

Canaccord Raises Oracle Orice Target to $57 From $56 on “Solid” Earnings Outlook

Canaccord Genuity reiterated its “buy” recommendation for Oracle (ORCL) and raised its price target to $57 from $56 after the company’s earnings surprised on the upside for the third straight quarter and the brokerage said the earnings outlook was “solid”. “Our view remains unchanged, which is that Oracle is a logical and relatively safer port in a storm that some fear will arrive,” analyst Richard Davis wrote in a note […]

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Sears to Shut More Kmart Stores

Sears to Shut More Kmart Stores

Sears Holdings, the department store retailer that’s seen its stock plunge 39% over the past year before Thursday, is shutting 28 more Kmart locations by the end of the year as part of its restructuring program. Already in fiscal 2017, Sears has closed 180 stores and another 150 sites are slated to be shut by the end of the third quarter. The closures, which had been previously announced, curbed sales […]

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Amgen To Present Repatha Data at Cardiology Conference

Amgen To Present Repatha Data at Cardiology Conference

Amgen will present new data from its Repatha clinical trial program at the European Society of Cardiology Congress in Barcelona, Spain, Aug. 26-30. New data will include additional efficacy and safety analyses from the Repatha cardiovascular outcomes trial and the Repatha coronary intravascular ultrasound imaging trial. “We look forward to sharing the breadth of data demonstrating Repatha’s ability to lower LDL cholesterol and reduce cardiovascular events, including the effect of […]

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Canaccord Raises Canada Goose Target

Canaccord Raises Canada Goose Target

Shares of Canada Goose Holdings were up over 2% higher Friday after Canaccord Genuity raised its price target to CAD34 ($26.8) from CAD33 per share, while reiterating a buy rating following the company’s fiscal Q1 report which was better-than-expected. The broker said Canada Goose was the only brand this season to receive “requests for early deliveries as most fall/winter brands are seeing their deliveries get pushed out closer to holiday.” […]

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TapImmune Shares Higher

TapImmune Shares Higher

TapImmune shares were higher 9% on Tuesday after the company said that in coordination with the U.S. Food and Drug Administration, it has amended the patient inclusion criteria for its phase 2 clinical trial of T-cell therapeutic peptide vaccine TPIV200 to focus on women with stage III and IV ovarian cancer who are in remission following their first round of successful platinum-based chemotherapy. The company said it has enrolled the […]

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