Large-Cap

  • 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

    Read more
  • 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

    Read more
  • 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

    Read more
  • 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

    Read more
  • 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

    Read more
  • 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

    Read more
  • 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

    Read more

HOW TO REACH US

The Broadway Leader
845 3rd Avenue, New York, NY 10022
Phone: 1-845-262-3176
Email: editor@broadwayleader.com