Union Pacific Gains on Appointment of New CEO Despite Earnings Miss: Should You Buy This Stock?
Yesterday in Wednesday’s trading session, Union Pacific (UNP) gained more than 12% after news of the railroad operator's new CEO taking the helm. The buzz over Jim Vena taking the reins of the company managed to steal the spotlight from what ended up being a quarter of underperformance. During the second quarter, the railroad operator watched revenue recline nearly [...]
Is Wells Fargo a Buy After Raising Dividends & Announcing $30B Stock Repurchase Program?
On Tuesday after the market closed, Wells Fargo & Company (WFC) released a statement that its board of directors approved an increase to the quarterly common stock dividend - much to the delight of investors. The company was already paying a quarterly dividend of $0.30, but the company has raised that up to $0.35 for a modest bump. This [...]
Raytheon Drops 15% on Engine Problems – Is This Your Sign to Sell? 3 Things Investors Need to See
Raytheon Tech (RTX) is down more than 15% so far in Tuesday morning’s trading session. If this trend holds, it will be the biggest selloff for this stock since 9/11. So, what happened? The US defense contractor and industrial corporation is facing concerns with certain airplanes it produced. The company has released a statement that select Pratt & Whitney [...]
Blackstone Reaches $1 Trillion in Assets Under Management (AUM) – Time to Jump Aboard?
by Leslie N. Masonson, MBA Blackstone Inc., a NYSE-listed firm (BX), founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, went public in 2007. It is headquartered at 345 Park Avenue in New York City, with a workforce of nearly 4,700 and revenues of $7.3 billion, and a market-cap of $132 billion. The firm is engaged in [...]
KBR Climbs After Winning $1.9b NASA Training Contract, But Does the Stock Really Deserve a Buy?
KBR, inc. (KBR) started the week strong with exciting news of a deal with NASA. The science, technology, and engineering company has secured a $1.9 billion contract with the government agency to plan, train and fly NASA human spaceflight programs. While the initial pre-market reaction to this news was positive, we haven’t seen much movement with the stock since [...]
Netflix Misses Earnings But is Optimistic on Revenue Growth: 3 Things Investors Need to See
Just a month ago after Netflix (NFLX) squashed password sharing, the stock got an upgrade and began rallying. But today, the streaming provider has taken a step backward after falling short of analyst estimates for the second quarter. Making matters worse, the company’s guidance for the 3rd quarter is below expectations, too. That being said, the company is optimistic [...]
