Equity News

Equity News

MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

MGM Resorts International (MGM), a hospitality and entertainment firm, reported late on Thursday mixed second-quarter results, with sales beating analysts’ average forecast due in part to strong growth in China while earnings lagged the Street’s view. The firm, whose brands include The Mirage and Bellagio, said in its earnings statement […]

by × July 26, 2019 × 0 comments

Equity News

Etsy Buys Musical Online Marketplace Reverb

Etsy Buys Musical Online Marketplace Reverb

Etsy (ETSY) will acquire privately owned music-gear marketplace Reverb Holdings in a $275 million deal that will see the platform for buying and selling creative goods expand into a new branch through a company that it said already has a similar business model. Sellers on Reverb, which was started in […]

by × July 22, 2019 × 0 comments

Equity News

Consumer Stocks Gaining Ground

Consumer Stocks Gaining Ground

Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing nearly 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were rising over 0.7%. Among consumer stocks moving on news: (+) Wynn Resorts (WYNN) rose more than 6% on […]

by × July 1, 2019 × 0 comments

Equity News

European ADRs Move Higher in Tuesday Trading

European ADRs Move Higher in Tuesday Trading

American depositary receipts of European stocks were trading 1.4% higher at 1,042.71 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by Deutsche Bank (DB) and semiconductor company STMicroelectronics (STM), which rose 3.8% each. They were followed by biopharmaceutical firms DBV Technologies […]

by × June 18, 2019 × 0 comments

Equity News

Ferguson Shares Rise

Ferguson Shares Rise

Shares of Ferguson (FERG.L), the world’s largest distributor of plumbing and heating products, jumped after activist investor Nelson Peltz’s Trian Fund Management disclosed early on Thursday the acquisition of a 5.98% stake in the company for $935 million. Trian, which invests in underperforming and undervalued public companies, has contacted members […]

by × June 13, 2019 × 0 comments