Author: John Wilkes

Coupa Software Surges as Second Quarter Profit Surprises Investors

Coupa Software Surges as Second Quarter Profit Surprises Investors

Shares in Coupa Software (COUP) traded sharply higher early Wednesday after the company surprised investors by swinging to a profit in its fiscal second quarter, and as earnings and sales forecasts for the third quarter beat analysts’ estimates. Underpinned by strong growth in subscription revenues, group turnover surged by 38% to $61.7 million during the three months that ended July […]

Helios and Matheson Crumbles To Record Low on Q2 Loss

Shares of Helios and Matheson Analytics (HMNY), the parent company of MoviePass, fell to a new all-time low of $0.03 in early Wednesday trading following the release of disappointing Q2 results in which the company said it has “substantial doubt” it can continue as a going concern. “Without raising additional capital, there is substantial doubt about the Company’s ability to […]

Equities Drop in US as Trade Tensions and Earnings Results Sink Sentiment

The benchmark US stock measures sank on Wednesday as downbeat earnings results and renewed trade tensions weighed on sentiment. Turkey’s move to hit back at the US by doubling tariffs on several imports ignited geopolitical jitters that had eased on Tuesday and allowed the Dow Jones Industrial Average and the Standard & Poor’s 500 to stem four-day losing streaks. Energy […]

US Crude Inventories Post Bigger Weekly Increase Than Expected

US crude stockpiles jumped by more than expected in the week, government data showed, adding to pressures on futures of the commodity which spiraled lower in Wednesday’s session. West Texas Intermediate, the main US variety, was down 3.7% to $64.57 a barrel at the time of writing, erasing all of the gains it made in July. Brent, the international standard, […]

Ameriprise Financial Services to Pay $4.5 Million SEC Penalty

Ameriprise Financial Services (AMP) will pay $4.5 million to settle charges made by the US Securities and Exchange Commission that it failed to protect investors’ cash from representatives of the company who committed “numerous fraudulent acts.” The regulator’s order said Ameriprise failed to have policies and procedures to prevent misappropriation of client funds by representatives of the company that offers […]

Wall Street Unnerved By Turkey

Stocks went back on the defensive and suffered outsized losses Wednesday when worries surrounding Turkey and its influence on emerging markets rattled global investors and drove the Dow Jones Industrial Average down by more than 300 points, its largest one-day loss in nearly two months. Investors ignored a rebound in the Turkish lira and bullish US economic data to focus […]

TIC Release Will Be Watched For Russians

TIC Release Will Be Watched For Russians

The June Treasury International Capital (TIC) flows data is due Wednesday at 4 pm ET. There will be scrutiny after Russian holdings “disappeared” from the May list of “Major Foreign Holder of Treasury Securities.” There has been much speculation that the Russians moved holdings into less identifiable accounts. In the June report Russia’s total security holdings plunged to $14.9 billion […]

CURO Group Holdings’ Price Target From Janney Boosted to $36 From $33

CURO Group Holdings’ Price Target From Janney Boosted to $36 From $33

CURO Group Holdings (CURO) received an increase to its price target Tuesday from Janney Montgomery Scott following the short-term credit provider’s late-Monday pricing of $690 million in senior secured notes, upsized from its previous plan to offer $675 million of the notes. Janney’s new price target on the stock is $36 per share, up from $33. This brings the target […]