Author Archive: thebuttonwoodproject

Oracle Reports Strong Sales and Earnings

  Software and cloud computing giant Oracle Corp. (NYSE: ORCL – $50.78) beat Wall Street expectations with its fiscal fourth-quarter earnings report, posting annual earnings and revenue growth for the first time since the 2014 fiscal year and sending shares toward record highs. The software giant reported net income of $3.23 billion on sales of $10.89 billion for …

Continue reading

Week in Review

 Equities edged mostly higher this past week, despite economic data that was less than predicted. But technology stocks continued to lag, although at a lesser pace than last week. The NASDAQ was the sole looser of the major benchmarks, shedding nearly 1% as the tech sector fell another 1.3%, on average. The Dow rose to …

Continue reading

Dow Confirms U.S. Clearance For Merger

  Dow Chemical Co. (NYSE: DOW – $64.39) and DuPont confirmed they reached an agreement for approval from the U.S. Department of Justice’s antitrust division for their proposed merger. Under the deal, and consistent with commitments already made to obtain the European Commission’s regulatory approval, DuPont will divest certain parts of its crop protection portfolio …

Continue reading

Week in Review

Markets were indeed a mixed bag this past week, with the Dow Industrials scoring a record and closing up 0.3% to 21,272. But the S&P 500 moved lower by the same percentage and the tech-heavy NASDAQ was negative by 1.6%. A sudden reversal of technology stocks on Friday sent shockwaves to holders of the headline names …

Continue reading

Harris Awarded Contract from the National Geospatial-Intelligence Agency

Harris Corp. (NYSE: HRS – $110.90) said it has been awarded a five-year, $500 million ceiling, single-award IDIQ contract from the National Geospatial-Intelligence Agency (NGA) to develop software that will enable NGA analysts and customers to search and retrieve data from intelligence systems faster and more efficiently than ever before. The contract was received during the …

Continue reading

Week in Review

Despite a weak employment report, all three major averages hit new all-time highs. The Dow inched up 0.6%, the S&P 500 a healthy 1% and the NASDAQ 1.5%. U.S. non-farm payrolls rose by 138,000 in May, less than the 185,000 expected and the prior two months were revised downward. The unemployment rate, however, fell to …

Continue reading

Week in Review

Most of the news the past few weeks has focused more on geopolitical events than financial. Nonetheless, the market has been quite resilient despite problems in Washington, missile launches by North Korea and terror attacks abroad. OPEC’s decision to extend its six-month production cap by nine months was met with disappointment. While the accord was modestly …

Continue reading

Cerner to Buy Back Stock

  Citing its favorable position for growth, a solid balance sheet and expected strong cash flow, health information technology provider Cerner Corp. (NASDAQ: CERN – $64.95) said its Board of Directors approved a stock repurchase program up to $500 million. The company plans to repurchase shares from time-to-time in the open market, by block purchase or possibly through other …

Continue reading

There’s Still Room – Don’t Miss Out

    Introduction to the Stock Market:        Fundamentals of investing. Basic Terminology, evaluating and minimizing risk through diversification, market news and financial information. Each student will learn through an individual case study. Three – 2 hour sessions. Course Number: N9711 OA Wednesdays – 6/21-7/5   7-9pm   $35 Middletown Campus – Rowley Center for …

Continue reading

Royal Bank of Canada Beats Earnings, Revenue Forecasts

 Royal Bank of Canada (NYSE: RY – $70.05), Canada’s largest bank, reported financial results for its fiscal second period, with earnings and revenue that topped analysts’ expectations. For the quarter ended April 30, Royal Bank posted adjusted earnings of US$1.90 per share, compared with the prior-year period’s US$1.71. Analysts were expecting earnings of US$1.81 per share. Revenue …

Continue reading