Sell long-in-the-tooth FAANGs, build up BRICs, say analystsInvestors poured $600 million in to U.S. technology stocks in the week leading up to poor results from Facebook , according to Bank of America Merrill Lynch (BAML) analysts, urging clients to sell the sector on signs inflows …Read More
Merck's quarterly profit falls 12 percentDrugmaker Merck & Co reported a 12.3 percent fall in quarterly profit on Friday, as research and development expenses rose.
from Reuters: Business News https://ift.tt/2NRovNp
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Twitter beats estimates on revenue but monthly usage fallsTwitter Inc posted record profit on Friday with second quarter revenue that beat financial analysts' estimates and said penalizing misbehaving users this year had paid off even though monthly usage had dropped.
from Reut…Read More
Instagram not an instant fix for ailing FacebookRevenue forecasts from Facebook Inc that alarmed investors, fueling the worst day ever for its shares on Thursday, add to the pressure on its Instagram unit to win over more of the ad buyers that have long found success on th…Read More
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