ATVI vs. EA: Which Stock Looks Better Ahead of Q3 Earnings?

ATVI vs. EA: Which Stock Looks Better Ahead of Q3 Earnings?
There are several factors that are expected to bolster third-quarter earnings growth for the online gaming companies. First, online gaming platforms managed to maintain a strong customer base with mobile and gaming picking pace with no indication of ceasing. Also, both augmented reality (“AR”) and virtual reality (“VR”) games are gaining foothold and presumed to be the key factors for... Read More

Close Update: Wall Street's Winning Streak Snapped by Drug Sector, Tax Reform

Close Update: Wall Street's Winning Streak Snapped by Drug Sector, Tax Reform
The Dow Jones Industrial Average closed lower Monday, ending a three-day winning streak after investors cashed in on some of last week’s gains ahead of a heavy economic and earnings calendar, as well as by reports that lawmakers might consider altering the GOP tax reform plan, and after a member of President Donald Trump’s campaign staff was indicted for money... Read More

Global Blood Therapeutics Inc. Jumped as Much as 14% on This News

Global Blood Therapeutics Inc. Jumped as Much as 14% on This News
What happened Shares of San Francisco-based Global Blood Therapeutics (NASDAQ: GBT) , a small-cap developer of experimental therapies focused on treating blood-based disorders, rocketed higher by as much as 14% during Monday’s trading session after reporting a positive case study this past weekend involving its lead drug candidate, voxelotor (previously known as GBT440). So what The case study, which was... Read More

Why Advanced Micro Devices, Office Depot, and Iconix Brand Group Slumped Today

Why Advanced Micro Devices, Office Depot, and Iconix Brand Group Slumped Today
Wall Street took a downward turn Monday as federal tax reform during this session of Congress began to look more uncertain than ever. The S&P 500 and Dow Jones Industrials both fell about 0.4%, and investors struggled with concerns that the long-expected stock market correction could be sparked by any result that was less than a complete victory by the White... Read More

Advanced Energy Industries Tops Third-Quarter Views, Guides Higher

Advanced Energy Industries Tops Third-Quarter Views, Guides Higher
Advanced Energy Industries ( AEIS ) late Monday delivered third-quarter results that beat Wall Street’s estimates. The chip equipment maker also provided fourth-quarter guidance that topped views. Advanced Energy reported adjusted earnings per share of $1.19, up 55% year over year, on sales of $176.6 million, up 39%, in the September quarter. Analysts expected $1.17 and $165.8 million. For the current quarter, the... Read More

HSBC Profit Surges to $4.6 Billion

HSBC Profit Surges to $4.6 Billion
HSBC (HSBA.UK / 0005.HK) reported profit for the third quarter of USD4.6 billion, representing a 448% increase from the same period last year. The Anglo-Asian bank said this reflected  higher reported revenue (up $3.5bn), lower reported loan impairment charges (LICs) (down $0.1bn) and a decrease in reported operating expenses (down $0.2bn). Revenue for the quarter grew 36% year-on-year to USD13... Read More