Momentum Stocks

Apple Demonstrates Demand Resiliency as Average iPhone Sales Price Jumps

Apple Demonstrates Demand Resiliency as Average iPhone Sales Price Jumps

August 1, 2018 at 10:56 am

Apple (AAPL) demonstrated better demand than expected, proven by an iPhone average sales price of $724 that was about 5% ahead of forecasts, Goldman Sachs said in a report on Wednesday. The company reported third-quarter sales of $53.3 billion, up from $45.4 billion during the same timeframe a year earlier and topping consensus compiled by Capital IQ of $52.4 billion.Read More

DR Horton Reports Earnings, Revenue That Beat Expectations Amid Strong Housing Market

DR Horton Reports Earnings, Revenue That Beat Expectations Amid Strong Housing Market

July 26, 2018 at 10:00 am

DR Horton (DHI), the biggest home builder in the US, capitalized in the third quarter on a strong housing market, reporting earnings and revenue that beat expectations. The company said earnings came in at $1.18 per share, up from $0.76 per share in the same period a year ago, exceeding the estimate of $1.08 from analysts polled by Capital IQ.Read More

Bank Of Montreal Q2 Tops Estimates on EPS and Revenue

Bank Of Montreal Q2 Tops Estimates on EPS and Revenue

June 4, 2018 at 1:51 pm

Bank Of Montreal (BMO, BMO.TO) on Wednesday reported Q2 adjusted earnings of CAD2.20 ($1.69) per share, up from CAD1.92 in the same period a year ago and exceeding the estimate of CAD2.12 from analysts polled by CapIQ. For the quarter ended April 30, total revenue of CAD5.62 billion was down from CAD5.74 billion in the same period a year agoRead More

Iron Mountain Buys Dutch-Based EvoSwitch Data Center Business for $235 Mln

Iron Mountain Buys Dutch-Based EvoSwitch Data Center Business for $235 Mln

June 4, 2018 at 1:50 pm

Iron Mountain (IRM) said pre-market Wednesday that it has acquired EvoSwitch Netherlands and EvoSwitch Global Services for EUR205 million ($235 million). The enterprise information management services company said the transaction enhances its presence in the Frankfurt, London, Amsterdam, Paris market. Iron Mountain had earlier acquired a London data center facility from Credit Suisse (CS). The agreement includes a future revenueRead More

DSW Q1 Results Top Views

DSW Q1 Results Top Views

June 4, 2018 at 1:48 pm

DSW (DSW) shares were down over 4% pre-market Wednesday although the footwear and accessories retailer reported better-than-expected Q1 results and reiterated its full-year outlook. Q1 adjusted earnings were $0.39 per share, up from $0.32 in the comparable period a year ago and topping the estimate of $0.37 from analysts polled by Capital IQ. For the quarter ended May 5 revenueRead More

Mountain Province Diamonds Recovers 95-Carat Gem Diamond

Mountain Province Diamonds Recovers 95-Carat Gem Diamond

June 4, 2018 at 1:47 pm

Mountain Province Diamonds (MPVD) said Wednesday it recovered a 95-carat gem diamond from the Gahcho Kue mine located in the Northwest Territories, Canada. The diamond recovered was a 95-carat white octahedron of top clarity, the company said. It is the largest gem-quality stone and fourth largest stone recovered from the mine since production began just under two years ago. TheRead More

Eldorado Gold Slightly Higher Pre-Bell After Updates on Mines Status

Eldorado Gold Slightly Higher Pre-Bell After Updates on Mines Status

June 4, 2018 at 1:45 pm

Eldorado Gold (EGO) was slightly higher in recent pre-market trade after providing updates on the permitting status of several mines late Tuesday. The company said the plan for its Tocantinzinho, Brazil project was currently undergoing an optimization phase to improve capital costs and the economics of the project. The company said its board would assess next steps for the projectRead More

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