• 10:04 PM

    On this Tuesday, Oracle reported better-than-expected fiscal third quarter earnings, but fell short of revenue projections. The firm delivered non-GAAP third quarter earnings of 64 cents a share on revenue of $9 billion. Net income for the quarter remained $2.14 billion (50 cents a share). Larry Ellison, Oracle executive chairman and CTO said “In absolute

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  • 8:10 AM

    Pacific Rubiales Energy Corp (TSE:PRE) disclosed the termination of the proposed takeover offer from Alfa, S.A.B. de C.V. and Harbour Energy that will leave the firm to continue pushing forward in a challenging environment. With the deal falling through and with company’ high debt levels / limited growth visibility, we expect the stock will suffer

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  • 5:57 PM

    We are unconvinced by The Mosaic Company (NYSE:MOS)’s arguments that potash concerns are overblown, but more bullish on phosphate. We didn’t appreciate net closures of Chinese P capacity and therefore, why MOS/CRU is now looking for annual decreases in Chinese P exports. They are calling 2014 peak Chinese exports, which is clearly bullish. If higher

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  • 5:46 PM

    Vale (NYSE:VALE)’s common share price has declined 40% to $5.32 after peaking at $8.80 on May 5. Vale’s preferred shares now trade at only $4.48. We anticipate the steep fall in Vale’s share price is derivable to a 30% drop in the iron ore price to $44.60/tonne in just two weeks. We believe iron ore

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  • 6:06 PM

    Before market opened on Wednesday, WestJet Airlines Ltd (TSE:WJA) posted June traffic results and updated its second quarter guidance. June LF of 76.9% (down 50 basis points year-over-year) was a touch better than our expectations but was partially the by-product of a more price-driven traffic growth strategy (RPMs up 7%). ASMs were up 7.6% mainly

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  • 4:53 PM

    We are raising Sabesp (BVMF: SBSP3) to “Sector Outperform” rating and raising our price target to R$22 (increased by 5%); while risk assessment remains “Medium”. First quarter reservoir inflows were good, in spite of readings in the Cantareira system that were yet lower than long-term averages. Overall, the main São Paulo (SP) reservoirs now demonstrate

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  • Performancesportsgroup-40546153
    3:42 PM

    Performance Sports Group Ltd. (NYSE:PSG) is expected to report next quarter results. We are looking for sales of $141.7 million, EBITDA of $15.6 million, and EPS of $0.10 versus consensus of $135.5 million, $15.5 million, and $0.11 correspondingly. We have adj. our estimates mainly due to changes to our assumptions associated to seasonality, timing of

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