High end shoppers and bargain hunters eye quarterly results
Tiffany and Costco report earnings as Wall Street weighs luxury demand versus middle class spending. Analysts expect Tiffany earnings per share around 70 cents, a 28.3% drop, while Costco is seen up 8.3% to $1.16. The outlook for the second half hinges on consumer health and summer demand.
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Tiffany
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Ali
Frazier
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High End
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Thomson Reuters I
Did You Know Facts About SigFig Investors
A concise note on SigFig tracking users who invest through the service. It highlights investor types, usage patterns, and general implications for portfolio tracking without naming individuals or sensitive data. The item reads like a brief tech audience trivia highlight from a financial publication.
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America
SigFig
America's investors read portfolio shifts via SigFig data
More than half a million investors nationwide hold $200 billion in assets tracked by SigFig. The data show 5 day averages and six month averages for holdings, with Apple Inc. (AAPL) repeatedly listed as largest holding, most bought, and most sold.
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AAPL
SigFig
KSS
EMC buys Virtustream to expand cloud offerings
EMC announces a cash deal to acquire privately held Virtustream for about $1.2 billion as part of a broader push to broaden its cloud services amid sluggish storage sales. The stock traded at $26.29, down $0.55, while Quest Diagnostics rose or fell with speculation on a Twitter takeover rumor.
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Virtustream
First Solar Downgraded by RBC as 2016 Outlook Dim
An RBC Capital Markets analyst downgraded First Solar and cut its price target citing doubts the solar energy systems producer can meet its 2016 profit and revenue goals. The 4 week trend shows the stock around $80.
MENTIONED IN THIS ARTICLE
RBC Capital Markets
First Solar Faces Downgrade Amid Growth Revisions
First Solar shares dropped 3.75 dollars to 51.34 after RBC Capital Markets analyst Mahesh Sanganeria cut the price target to 34 and warned earnings may underperform. Revenue growth may be flat in 2015 and 2016 as rivals’ solar technology gains ground, despite a broader bullish tilt on solar and a current outperfomer rating.
MENTIONED IN THIS ARTICLE
First Solar
FSLR
Mahesh Sanganeria
RBC Capital Markets
Sanganeria
Yum Brands moves to remove artificial colors and flavors
Yum Brands owned Taco Bell and Pizza Hut announce Phaseout of artificial ingredients this year. Taco Bell will remove yellow No 6 coloring from nacho cheese and expand dye and flavor removal to over 95 percent of its menu by year end. Pizza Hut aims to drop artificial coloring and flavors from most pizzas by July end, with some local items spared.
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Yum Brands
YUM
David Gibbs
Panera
Subway
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