Pfizer To Announce Q1 Earnings Report

Pfizer was set to release its first quarter earnings report before the opening bell on  May 3, weeks after the merger with Allergan was called off.

Most of the market experts expect the US drug maker to have a revenue around $11.37 billion to $12.91 billion, while the consensus earnings per share played between $0.52 to $0.58.

In the previous earnings report, the pharmaceutical company had a revenue of $14.05 billion, beating the $13.56 billion consensus estimate. The posted earnings per share was $0.53, surpassing the projected EPS as well.

Evidently, the surge of the revenue on global vaccines by 45 percent to $1.92 billion contributed in the company’s total revenue. Also, Prevnar, Pfizer’s pneumonia vaccine rallied by more than a hundred percent. Prevnar has 6.4 billion courses of drugs sold annually at £100 per course.

In the coming quarterly financial report, shareholders may be interested if the company will increase or lessen its full-year guidance disclosed last February. Also, Pfizer has been expanding its clinical studies. The company introduced Ibrance, a highly advanced breast cancer drug in 2015, and its growth in sales for the first quarter of the year is expected.

The global established products of the company could have driven higher revenue in overseas markets during the first quarter despite the exposure to generic competition.

Meanwhile, Pfizer called off its merger plans with Allergan as the government issued new tax laws which could affect the transaction. Initially, the company wanted to move its tax base to Ireland through the deal since it could escape from the U.S. tax bills of its profits outside the U.S.

However, Smiths Group has expressed its interest to purchase the medical devices of Pfizer worth $2 billion. The engineering conglomerate may use the medical pump units of Pfizer to improve their medical devices division.

“Acquiring something from Pfizer – perhaps just pumps – would now be a very ambitious move. It would likely require a change of mindset from shareholders, but maybe an ambitious Smiths would be welcomed after a hiatus that lasted eight years” an analyst shared.

Earlier today, the shares of Pfizer edged lower at $32.72, a lost of 0.19 or 0.58  percent after opening at $32.87. It had a session high of 32.95 and a session low of 32.43 with a dividend yield of 3.67 percent. The stock has a market capitalization of $201.37 billion and a price earnings ratio of 29.43.

Pfizer has a 52-week price range between $28.25 to $36.46 and an outstanding shares  of 6.19 billion. It has a 50-day moving average of $31.38 and its 200-day moving average is $31.72.

The short interest  of the company declined 53.8 percent to 149,818,171 shares in total as of April 15. Moreover, the shares of Pfizer are short sold by 2.4 percent.The stock has received a strong Hold rating from 8 analysts while seven issued a Buy rating.

According to Ian Read, Chairman and Chief Executive Officer of Pfizer, the company remains focused on strengthening its  innovative and established businesses, and advancing its commercial and late-stage pipeline, while maintaining the financial flexibility to pursue attractive business development and other shareholder friendly capital allocation opportunities.

The pharmaceutical company may have higher long-term revenues if its new drugs will continue to grow until 2021. Pfizer has a strong pipeline and the largest drug manufacturer by sales value globally. Investors remained watchful on the next move of Pfizer after the earnings report.

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Apple Reveals Recent Plans For iPhones

Speculations spread regarding the changes and innovations related to the highly anticipated iPhone 8 over amid the sluggish sales of iPhones in this period.

Relatively, Apple announced its plan to lessen the production of iPhone 6s and iPhone6 plus by 30 percent  after its recent quarterly earnings report due to the expected slow down of sales.

In a report released in the media, the prominent multi-tech company apparently has pursued its plan. It has lessened the production until the second quarter of the year. The expected drop of the global smartphone sales this year could have been one of the reasons of Apple as well.

Are we expecting an all glass iPhone 8?

Apple is expected to turn back on its glass backed design for its next iPhone. An infamous tech analyst strongly claimed that the tech juggernaut will dispose the legendary aluminum casing.

The analyst explained that the company will be more strongly motivated to use non-aluminum casings in 2017 in a bid to enhance the competitiveness of iPhone by offering an all new form factor design.

Aside from the all glass enclosure, the new model of iPhone is believed to have an Active Matrix Organic Light Emitting Diode or AMOLED display panel. The shipment of the smartphones with AMOLED display has increased by 54 percent.

“A glass casing may be slightly heavier than an aluminum one of the same thickness, but the difference is so small that the use of the thinner and lighter AMOLED panel will compensate for that” the analyst added.

A senior director of IHS Technology revealed that since the interest of Apple with AMOLED, other companies such as Japan Display and Sharp disclosed their plan to invest in this type of display technology by 2018.

iPhone to last for three years?

Based on the report released by the California based company, iPhones and Apple watch can last for only three years while Apple TV devices and Mac computers have life expectancy of four years.

Apple considers the environmental effect of its devices in determining the intended life span and how quick the users upgrade their devices nowadays.

Recently, Apple recovered £28 million worth of gold after processing 90 million  pounds of unwanted electronics from old iPhones and iPads.

The company revealed that they’ve kept more than 597 million pounds of equipment out of landfills since 1994 and in 2015 they collected around 90 million pounds of e-waste through their recycling programs.

Moreover, the tech firm accumulated 6,612 pounds of silver, 2,953,360 pounds of copper and 101,000 pounds of steel. However, they made sure that the devices are recycled properly and they don’t pose a threat to human health or the environment. Apple also hoped that they will inspire others to do the same thing.

Apple stays on the downside

Shares of Apple dropped by 2.01  percent or 2.25 points to trade at $109.85 on earlier in the session with a market capitalization of 596.85 billion. Apple had an intraday high of 112.30 and an intraday low of 109.73 after opening at 112.11. Currently, the stock has a price earnings ratio of 11.67 and a dividend yield of 1.89 percent.

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Alibaba Lower After Acquisition and Strategic Plans

Alibaba failed to perform well in the market on Monday after its consecutive announcement of acquisition and investment plan over the weekend.

Alibaba and Bona Films

After the Chinese e-commerce juggernaut defeated Walmart as the leading retailer globally, Alibaba confirmed that it has taken more than 8 percent stake in Bona Films prior to the privatization of the Chinese film company to boost the development of the country’s film and television industry.

According to Alibaba Pictures Chief Executive Zhang Qiang, the Alibaba pictures wanted to make an ecosystem and platform covering the whole value chain of the film and TV industry which correlates with the mission and vision of Bona.

Prior to the bet of Alibaba on Bona Films, it invested in Tom Cruise’s infamous movie series Mission Impossible: Rogue Nation. Afterwards, Alibaba made a partnership with Paramount Pictures on the advertisement and promotion of the said movie in China.

Last year, Alibaba had a $4.2 billion worth of purchasing transaction with one of the biggest video sites in China, Youku Tudou. It was followed by its acquisition by one of the film and TV production giants in China Enlight.

Additionally,  Alibaba Pictures is on set to collaborate with David Ellison’s Skydance media to provide the financial needs of the first original movie to be featured internationally. The recent activities of the e-commerce giant is believed to be a clear indication of its growing interest in the entertainment business.

Alibaba and Mondelez International

Aside from financing Bona, Alibaba sealed a strategic business deal with American based multinational confectionery and beverage conglomerate company. Mondolex International announced that Alibaba Group would be its official partner in bringing its brands to the Chinese consumers through the e-commerce online marketplace.

Based on the statement released by Tim Cofer, chief growth officer of Mondolez, the capability of Alibaba to bring its brands to the Chinese consumers was what captured them. He said that snacking is a fast growing sector fro the e-commerce market in China and Alibaba is a powerful partner to help us capture our share of that growth by expanding our distribution channels and improving their brands accessibility in both rural and urban Chinese markets.

Jet Jing, Vice President of Alibaba Group, expressed his excitement towards the new strategic plan of the company . He commented that they want to help the American food and beverage company to utilize their e-commerce ecosystem and technology infrastructure to successfully build their brands and effectively reach the active buyers on their China retail marketplaces.

It was disclosed that the two companies will work together on branding and advertising solutions, consumer insight, product innovation, expansion of sales, cloud computing and distribution channels. Brands including Toblerone, Cadbury, belVita and Oreo will be available soon on the platform of Alibaba.

Alibaba Shares Fell

Shares of Alibaba changed hands lower at $77.50, a decline of 0.14 percent or 0.11 points with a market capitalization of $194.36 billion. The stock had an intraday high of 78.76 and an intraday low of 76.62  Currently, the price earnings ratio of the stock is 18.68.

The Chinese e-commerce has a 50-day moving average price of $73.72 and a 200-day moving average price of $73.91. Its 52-week low was at $57.20 and a 52-week high of $95.06. Alibaba has an average rating of Buy and a consensus price objective of $93.09.

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APPLE TO MARKET USED IPHONES IN INDIA, LOCAL RIVALS SAY NO

Apple’s attempt to sell used iPhones in India met different  speculations and criticisms as most of its local rivals  defied the plan of the tech giant over the weekend.

Considering that India is the second-largest mobile market, a lot of of industry executives encourage the government to decline the request of the American tech company.

In a letter released to the media, Ravnder Zutshi, Chairman Mobile and Communications Council questioned the attempt of Apple to import and sell refurbished phones. The chairman stressed out why they (the government) should not allow import of used phones when import of other goods such as cars are precluded by 300 percent duty levies.Mobile and Communications Council is composed of the biggest phone brands in India such as Samsung, Intel and Micromax.

The authorities which are against the movement of Apple restated the initiative of Prime Minister Narenda Modi to push local manufacturing in India. Meanwhile, a research director at Counterpoint research said that this attempt of the company is tied on its strategy as the smartphones market peaks in the country in the next few years.

Additionally, most its local rivals would not want the permission to be granted to Apple since it can put the local market at risks and might open the door for potential damage to the environment due to electronic waste.

Sunil Vachani of Dixon Technologies stated that millions of imported used phones will need their batteries replaced and he questioned where will those batteries go. He also reiterated that he is against any change in policy with regard to import of refurbished mobile phones.

For the record, four out of every five phones sold by Apple in India cost less than $150 while the branded smartphones are customer friendly at $35. Market experts believed that a number of foreign companies are on the move to make an Indian version of their phones as they widen their target customers. Relatively, the sales of Apple in India last holiday season went up to 76  percent.

Apple, which has at least 2 percent of the Indian market, may be hitting two birds at the same time if it will be given the permission to sell used phones in India. First, it won’t sacrifice the value of its prime products and second this might be the way to expand its market in the country.

Prior to the plan of the iPhone maker, it introduced its newest iPhone with an introducing price of $399. In relation to this, it might have 10 million worth of iPhone sales in 2017 . The market analysts thought that Apple might be using this strategy to back up its sales for the year as most of them estimated a lower income for the company.

On a lighter note, Apple celebrated its 4Oth year of providing one of the most innovative technological products. The firm happened to be the most valuable public corporation worldwide with $53 billion profit the previous year. The majority of the revenue of the company was generated from the sales of iPhones globally and as far as the market estimate is concerned, there are about 1 billion Apple devices sold around the world.

During the session earlier, Amazon traded higher at 598.50, an increase of 4.86 or 0.82 percent with a market capitalization of 279.42 billion dollars. The stock opened at 590.49 with an intraday high of 599.03 and an intraday low of 588.30. Currently it has a price earnings ratio of 482.61.

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Shares in Asia Sways; China’s 4 State-Run Banks to Release Earnings Report

Shares in Asia moved in different directions ahead of the annual earnings report of the banks in China and as the market on some countries closed for Easter Monday.

Japan

Stocks in Japan went up after the upbeat data of the Warehousing, Fishery and Pharmaceutical Industries. The Nikkei 225 increased by 0.77 percent as the stock market was closed in Australia, New Zealand and Hong Kong due to their respective holidays.

The MSCI’s broadest index of Asia Pacific shares outside Japan went down by 0.1 percent, however, Japan was still the major winner. Takashimaya Co. Ltd. increased by 48.0 points or 5.22 percent and settled at 968.0 while the Kawasaki Kisen Kaisha Ltd climbed by 10.0 points or 4.48 percent as it changed hands at 233.0. Additionally, J. Front Retailing Co., Ltd closed at 1514, up by 4.70 percent.

However, not all the stocks were on the upside. Sony Financial Holdings traded at 1500.0 losing 2.53 percent and Toshiba Corporation slumped by 1.30 percent when it settled at 205.6. In addition to the list was the Nippon Sheet Glass which fell 1.25 percent as it ended at 79.0. Behind all these, Nikkei Volatility was still high at 23.78 or 3.12  percent.

China

Shares in China traded lower as the market awaited for the annual earnings report  of the biggest state run banks of China. The Shanghai Composite Index declined by 0.7 percent to trade at 2,957.82 and the CS1300 index dropped 0.9 percent when it ended at 3,169.73. The CSI 300 Index is comprised of 300-A share stocks on the Shanghai or Shenzhen Stock Exchanges.

Aside from the indexes, the Gemdale Corporation and the Poly Real Estate slumped as well after the rumored control on the real state. Prior to the session, the financial regulators in Zhejiang inspected the real estate financing and posted warnings regarding the financial risks involved with the price increase of the properties around Nanjing and Suzhou for instance.

Meanwhile, four of the biggest state-run banks of China are expected to disclose their yearly earnings growth, which was expected to drop as bad debts remained high.

To start with, Bank of Communications Co Ltd will report its earnings on March 29. Then, the Industrial and Commercial Bank  of China together with Bank of China will disclose theirs on the next day. On Thursday it will be the turn of the China Construction Bank Corporation and Agricultural Bank.

An analyst released a projected net profit of 1 percent and at the same time, 1 percent of decline for China’s Big Four state-run banks. Alongside with this, the non-performing loans was already $195 billion based on the data released by the China Banking Regulatory Commission. Experts believed that the banks had been neglecting the current loan figures, whereas bad loan ratio could be at 8 to 9 percent.

Taiwan

As the Electricity and Iron & Steel section moved to the downside, shares in Taiwan ended lower at the session.

The Taiwan Weighted dropped by 0.17 percent at it settled at 8.690.45. Tpk Holding traded at 70.00 when it fell 8.85 percent or 6.80 points while the Chung Hung Ste lost 9.94  percent or 0.71 points to end at 6.43.

However, some of the stocks showed increase such as Eson which climbed by 3.45 points or 9.90 percent before closing at 38.30. Sintronic Tech added 0.70 or 9.99 percent when it changed hands at 7.71 percent, while Pec traded at 37.20, up by 3.35 or 9.90 percent and hit its 52-week high.

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Toyota improves leasing services, wins big in POVA

Toyota Motor Corporation widened its leasing option to its customers as the individual regions get their their dealers trained by the end of April.

Tom DeLuise, Toyota Motor Sales U.S.A. manager, confirmed that Toyota together with Scion off-lease vehicles take their services in the new level. On the other hand, Bill Fay, the division general manager of Toyota, said that they have got a record number of off-lease returns this year around 27, 500.

Last January, Toyota has introduced its leasing program around Northeast markets and the company  is set to come back with more than what the market expects. Currently, leasing in Boston has increased by 3 percent and the dealers expect it to jump for 7 to 8 percent before the end of the month. The company declared that they are contented with 4 to 6 percent climb in the  overall sales.

Through the leasing program, their dealers get the chance to deliver a pre-owned unit to their customers. Specifically, only the 3 model-years old units with a maximum  of 65,000 miles odometers qualify for leasing in 24 to 36 months. The said vehicles covers 1 percent of the overall sales of the Toyota Division since January and supported by the firm’s Financial Services.

The Japan based automotive company revealed that they were having a business discussion with their dealers and they were positive that they recognize the advantage of their program. Further to this, the firm hopes to make its leasing program competitive in the market and to accumulate expected revenue as its certified used vehicle sales meet Toyota’s goals.

Toyota estimated that in this year, the 2.6 million off-lease vehicles which returned to the market in 2015 will surge into 3.1 million and hopefully for 3.6 million the following year.

Toyota Division is celebrating its 20^th anniversary and plans to sell its 5 millionth certified used unit in 2016. For the record, the division was able to shift around 32,721 certified used Toyota brand vehicle  last month significantly lower than the 61,948 vehicles  it had sold in the first two months of 2015.

Last Friday, the shares of Toyota Motor Corporation slumped by 2.27 percent or 137.00 when it traded at 5,888.00 JPY in the market after opening at 6,013.00 JPY during the session. The stock had a session high  of 6,013 and a session low of 5,858 with a current market capitalization of 19.65 trillion yen. It has a price earnings ratio of 7.97 and a dividend yield of 3.82 percent.

The Japan based automotive industry has an earnings per share of 739.18 and an outstanding shares of 1,537,110,300. It has a 50-day moving average of $108.55 and a 200-day moving average of $117.9 and has outperformed S&P 500 in the past 52-weeks, but it has underperformed the index in one month basis. Also, the shares of the firm have declined by 26.64 percent in the 52-week period.

In other news, the Aichee Steel Corp, which is connected with Toyota Motor Corp has been in operation again after the suspension due to the January explosion. After the tragic scenario, Toyota paused its production, which affected 100,000 vehicles as the supply for steels and transmissions were cut short.

Meanwhile, Toyota was named as the number one Mainstream Brand and Premium Brand at the first annual Pre-Owned Value Awards (POVA). The award giving body recognizes the vehicles with an excellent consumer value.

Based on the statement released by Jim Nguyen, TrueCar EVP and general manager of ALG, the award identifies used vehicles which have the highest percentage of their value over the next three years. ALG, which powered the award, is well known on automotive residual value projections around North America.

Toyota Prius c won in Alt fuel, Toyota Corolla topped the Compact unit, Toyota Sequioa was on Full-size utility and Toyota Camry was the number one Midsize car. In addition to, Toyota Tacoma was the first spot in the Midsize pickup and Toyota FJ Cruiser on the Off-Road Utility.

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Blackberry edges lower, to make more Android devices

Blackberry started the trading session at $8.00 and settled at $8.00 as well, down by 0.56 percent or 0.05. The stock had a session high  of $8.10 and a session low of $7.98 with a market capitalization of $4.21 billion. It has a price earnings ratio of 130.51 and an average volume of 7,517,230.

According to the survey conducted by Zacks and Investment Research, thirteen analysts issued a price range of $6 to $11 for the stock  and a price target of $7.788. As far as the analysts are concerned, they believed that Blackberry might disclose a $-0.08 earnings per share for this period.

On the other hand, Zacks issued an average broker recommendation (ABR) of 2.94 for Blackberry which has a range of 1-5. The ABR stands for the average of the actual recommendations made by the brokerage firms for a certain or specific stock.

Meanwhile, the Canadian telecommunication and wireless equipment company showed  7.07 percent of decline in short interest. The stock had a total short interest of 73.96 million shares this month. The reports concluded that the stock will be needing 16 days for the short sellers to secure their short positions in Blackberry.

Blackberry outperformed the Standard and Poor 500 by 8.04 percent with only 5.09 percent increase since the first half of 2015. For the monthly stock performance, Blackberry stands at 21.23 percent, while its year to date performance is at -13.25 percent.

The stock is 34.40 percent off the 52-week low and -27.77 percent off the 52-week high. At the  time of writing, the stock is also 26.54 percent off the 50-day low and -15.15 percent off the 50-day high.

Blackberry has been engaged in its own wireless solutions, including smartphones service and software and is divided into four sectors such as BlackBerry Technology Solutions, Device business, Enterprise Services and Messaging.

The Big Move of Blackberry

Recently, blackberry launched its first Android phone, the BlackBerry Priv. Most of the market experts questioned the decision of the company to jump into Android and threw away the BlackBerry OS.  However, amid the concerns and disagreements, Blackberry has been performing well and on its way to be the most efficient handset maker relevant to Android-based vulnerabilities.

Blackberry guaranteed its stakeholders that despite its venture on the Android system, the BlackBerry handset will still be the safest devices around.

Meanwhile, BlackBerry claimed to be the first OEM to deliver patches in line with the public disclosure of Google, which closed windows of vulnerability exposure to customers.It was written  on a blog post that the other mobile device vendors can take weeks, months or even years to deliver security patches . BlackBerry’s steadfast commitment to timely security updates is just one of the many reasons why BlackBerry continues to be the undisputed leader in mobile privacy and security.

Blackberry Preps for more Android devices

It was confirmed by CEO John Chen that the firm will produce at least one new phone using the Android Operating System of Google and one more Android device this year.

Chen has been optimistic to where the Android-based BlackBerry Priv is heading so far. He confirmed that the sales of the Priv is one of the major growth factors for the company,thus, they might push for more.

The CEO added that if their smartphone business won’t be able to generate profit, they might as well sell it as the firm was still unstable in general.

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Amazon to pull off digital wallet in India

After being named as the most trusted online shopping brands in India, Amazon announced its plan to create its very own digital wallet in the  country.

Amazon wants to build its own digital wallet to help its restrict access to customer data in the company’s ecosystem and monetize customer insights, the spokesperson of Amazon clarified.

In a statement released by the director of Amazon payment, Srinvas Rao, he said that the company will invest more on building the capabilities to attain their goal. He explained that developing a trusted, frictionless and ubiquitous payments ecosystem is seen to be critical for their customer-centric philosophy.

Initially, the e-commerce giant expressed its intention to land on online payments business as one of its domestic rivals in India had ventured in this sector already . Prior to this, Amazon purchased Emvantage last month. Emvantage is an online payment gateway in India.Similarly, the company’s digital wallet has been in operation in the United States since 2014, however, it was  temporarily closed for six months due to some reasons.

In terms of online payments, the e-commerce company has been looking at multiple acquisitions and it has been tying to figure out what it needs to do, a person knowledgeable about the issue said.

According to an expert, around 15 percent of e-commerce shipments can result into returns as cash-on-delivery (COD) still covers most of the Indian e-tailing transactions in India. During the last quarter of 2015, the number of digital wallet transactions reached 153.11 million compared to the 65.96 million in 2014.

At the moment, Amazon India caters its customers through gift cards as prepaid instruments powered by the QwikCilver Solutions based in Bengalaru.  Speculations said that the e-commerce may acquire the services of QwikCilver in developing its digital wallet system.

Meanwhile, in a survey conducted by TRA (Trust Research Advisory), Amazon was named as the most trusted online shopping brand in India. “When brands display creativity, they demonstrate an ‘intellectual’ ability to deal with the future better,” stated by TRA CEO N Chandraouli.

A representative from TRA told the press that Amazon has 36 percent trust pie out of the 2,500 respondents from 16 cities of India. Amazon is followed by Snapdeal and Flickart. Ebay, Shopclues, Naaptol and Myntra belonged to the top ten trusted e-shopping brands as well. Samsung mobiles was named as the most trusted brand in India.

Amazon’s recent business venture

In other news, Amazon is set to open its newest brick-and-mortar bookstore in San Diego confirmed by Amazon’s spokeswoman Sarah Gelman. The bookstore  is already the second physical bookstore of Amazon in the region.

Aside from the bookstore, Amazon plans to open another  pick-up location in Ohio. The site will be called Amazon @Akron and will be located at East Exchange Street. Aside from the general public, Amazon@Akron targets the students from Univeristy of Akron.

Amazon’s recent rating and figures

Amazon traded lower in the session earlier at $5754.14, 0.41 percent drop. The stock opened at $581.07 with a session high of $581.40 and a session low of $571.06. Currently, the e0commerce juggernaut has a market capitalization of $269.7 billion and a price earnings ratio of 463.77.

The company has a consensus average rating of Buy from from forty-one stock analysts and a consensus price objective of $720.45. It has a 52-week high of $696.44 and a 52-week low of $365.65. Amazon has a 200-day moving average price of $584.70 and a 50-day moving average of $553.40.

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General Electric short interest jumps

Shares of General Electric  traded higher for 0.16 to $29.39, presenting an increase of 0.55 percent at the recent session. The stock opened at $29.30 with a session high of $29.56 and a session low of $29.29. Currently, the company has a market capitalization of 298.8 billion and a price earnings ratio of 213.37.

The Connecticut based multinational conglomerate  corporation has a 50-day moving average of $28.61 and a 200 day moving average  of $28.18. It has a 52-week low of $19.37 and a 52-week high of $31.49 with a dividend yield of 3.13 percent.

General electric’s shares are short sold for almost 1.3 percent and the short interest was up for 5 percent. According to reports, the short interest was around 127,521,219 shares as of February 12 with an average trading volume of 48,957,886 shares.

Out of 20 analysts, the stock has a consensus rating of Buy and an average objective price of $31.96. From its recent quarterly earnings report, the stock revealed $0.52 earnings per share, beating the expectation of the analyst of $0.49. General electric had a revenue of $33.80 billion for the said period, an increase of 1.2 percent.

Jeffrey R. Immelt, CEO General Electric, confirmed that the company is restructuring while divesting its lower businesses. An expert of the matter believed that the stock will post positive data in the long run as it pursue its spin-off of assets.

According to the legal filing with the Securities and Exchange, the Senior vice president Jeffrey S. Bornstein disposed 168,313 shares at an average price of $28.91, a total of $4,865,928.83. Additionally, another SVP Alexander Dimitrief bought 65,272 shares for a total of $1,830,226.88.

The aviation sector of the company contributed $1.57 billion of the $5.5 billion operating profit of the General Electric. On the other hand, the power sector accumulated $1.63 billion in the total operating earnings of the stock. Lastly, the oil and gas segment contributed $715 billion, while the healthcare division gained $938 million.

Meanwhile, General Electric sold assets around $130 million to Ansaldo Energia to attain the orders of  the regulatory authority. Ansaldo Energia is a Genoa based Italian power engineering firm which produces thermo electric power plants operating on international markets.

Part of the assets sold to Ansaldo are the GT26 product line and GT36 technology development program of Alstom. The power systems manufacturing business of Alstom and service contracts are also included in the deal.

General Electric was also selected to create the overall design, engineering and construction  of a greenfield project, a biomass-fired power plant in Belgium. Reports said that the plant will operate for commercial purposes in 2019.

The company announced its intention to push for further growth as it introduced the officers who will head the functional roles and the revenue-generating business of the company.

In other news, the conglomerate company received a subpoena regarding the sale of residential mortgage loans. Despite the issue, general electric entailed its objective  to make a civic contributions as it plan to move to Boston.

Mr. Immelt said in an interview that they want their presence to be felt and they want to be meaningful. “We would be disappointed if the town didn’t feel the difference of having GE here,” the CEO added. The company will focus on education and community health.

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Facebook shares down, to perform like Apple

Facebook was down 1.59  percent or $1.70 when it changed hands at $105.46 in the session earlier. The stock has a market capitalization of 300.17 billion and one year target estimate of 133.49. It has gained a consensus rating of Buy from 45 analysts and a consensus average price objective of $133.49.

In its recent quarterly earnings report, the firm has reported $5.84 billion revenue beating the estimated $5.36 of the analysts. The revenue of the firm  significantly increased by 51.7 percent on a year-over-year basis.  Similarly, the stock surpassed the consensus earnings per share of $0.68 when it disclosed $0.79 EPS.

On its coming earnings report on April, most of the investment analyst expects its EPS to increase by 91.30 percent and price earnings ratio 59.92 and a revenue of $1.28 billion for the period.

Recently, Director Jan Koum disposed 1,672,776 shares at an average price of $106.78and worth $178,619,021.28 in total last February 22. Prior to that, the director sold 647,057 shares of the stock at an average price of $101.80 on February 16 followed by another 933, 963 shares worth $96,011, 396.40 on February 17. All the information of the selling activities of the director was taken from the filing with the Securities and Exchange.

Zacks Investment Research shared that the Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users.

In other news, Facebook is expected to follow the trend of Apple in terms of the performance of the stock in the market. The stock is perceived to post further gains in the long run just like how apple attained its position.

Despite the current fall of the stock, market experts believed that the social networking site has been showing positive figures since the start of 2016. To support the perception of the experts, the firm has outperformed the S&P 500 Index around 6.46 percent. The stock was also labeled as high beta wherein it moves more than the market.

 

Even though the market has been experiencing struggle in general, Facebook managed to survive which was a firm indication of stability. Some of the prominent social media stocks such as Twitter marked a -1.48 percent.

Furthermore, Facebook has been quietly competing with Google and Twitter in terms of new search algorithms. We really want to basically make Facebook the best place to find what people are saying about something right now,” Tom Stocky, Facebook Vice President of Search.

The vice president revealed that they want to make Facebook a place where you could tap into the global conversation of what was happening in the world.

“If they get it right and they’re able to monetize against searches, it’s extremely lucrative for Facebook—billions in revenue,” Victor Anthony, an analyst at Axiom Capital Management said.

The price/earnings to growth ratio of Facebook is at 1.03 for the next five years, analyst say.  The social media giant is already considered as an extremely expensive  stock and can  possibly retain in this state just the same with the direction Apple had followed.

Mark Zuckerberg announced his plans to use unmanned drones to connect the people from cut-off rural regions around the world to the internet at the Mobile World Congress.

According to Yael Maguire, engineering director and head of Facebook Connectivity Laboratory, the firm  will bring internet connection through these regions via a network of solar-powered internet drones. The drones will have the liberty to fly at high altitude. The firm doesn’t guarantee the effectivity of the plan soon. The company is aware of the immense time needed and the regulatory rules that it needs to comply with.

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