Day: October 31, 2017

Apptio ( APTI ) stock catapulted more than 20% Tuesday after the provider of information-technology business management software reported a narrower third-quarter loss, with revenue topping expectations. In recent trades, shares had soared by 20.2% to 22.77 on the stock market today . Bellevue, Wash.-based Apptio said it lost 2 cents per share vs. a per-share... Read More

I wrote yesterday that investors should be somewhat cautious this week and may want to consider hedging their portfolios, as the market has set itself up for disappointment from both rumors and reality when it comes to the expected tax legislation. That point was made later that morning, when a rumor on the floor that Congress was considering a plan... Read More

Tennessee-based First Horizon National Corporation FHN received regulatory approval from the Board of Governors of the Federal Reserve System to acquire Charlotte, N.C.-based Capital Bank Financial Corp. CBF . Per the deal, the former will acquire the latter for a total value of $2.2 billion in a stock-cash deal. The combined entity will form the fourth-largest regional bank in the... Read More

Shares of Microsoft (MSFT) are up 23 cents at $84.10, after Joseph Bonner  with Argus Research raised his rating on the shares to Buy from Hold, with a price target of $95, after concluding the company’s corporate revenue can rise on the strength of its Azure cloud computing and other cloud services. Microsoft trails Amazon  (AMZN) in cloud, but it... Read More

Chip giant Intel (NASDAQ: INTC) is one of the most profitable chip companies on the planet. Last quarter , it generated about $5.1 billion in operating income — a figure that many chipmakers would dream to see over the course of a full year. Nevertheless, the company has indicated that it wants to reduce its operating expenses — the sum... Read More

Apple ( AAPL ) stock received a price-target increase from an investment bank Tuesday on an improved outlook for iPhone sales in the company’s fiscal 2018, which started Oct. 1. Piper Jaffray analyst Michael Olson reiterated his overweight rating on Apple stock and raised his price target to 200 from 196. “Despite potential for iPhone... Read More

One of the fears expressed when it first became known that Amazon (NASDAQ: AMZN) planned to buy Whole Foods was that the online retailer would replace human workers with robots. That may be because the digital sales leader tested a convenience store concept, Amazon Go , that did not have traditional human-manned checkout stations. Designed to run without the staff... Read More

The TSX is up 20 points this morning, with healthcare (+1.84%), showing the strongest gains, benefiting from gains in the marijuana sector. Info tech (-1.06%) is the biggest decliner. Shopify (SHOP.TO) which reported a Q3 adjusted net profit this morning, has shed 6.3% so far. Meanwhile, the Canadian economy shrank by 0.1% in August, cooling market expectations of a possible... Read More

Century Aluminum Company CENX reported net income of $20.8 million or 22 cents per share in third-quarter 2017, against a net loss of $58.3 million or 67 cents it posted a year ago. The results in the reported quarter were aided by a $5.5 million gain on the settlement associated with retirement benefits for former employees of the Ravenswood facility... Read More

Futures for the S&P 500 index, Nasdaq 100 and Dow industrials were little changed Tuesday morning, with Exact Sciences ( EXAS ) and Cognex ( CGNX ) rallying after hours on earnings. In Monday’s regular session, the S&P 500 and other major averages fell modestly even as Apple ( AAPL ) extended Friday’s breakout and iPhone chip suppliers Broadcom ( AVGO... Read More