Dollar General below the bar , GE disappoints, Apple expanding their streaming service
Added: (Fri Mar 15 2019)
Pressbox (Press Release) -
Here are the companies investors should be watching today.
Dollar General, has posted results showing a weak quarter. The discount superstore fell short of analyst’s profit, and delivered a rather un-impressive earnings and sales outlook for the rest of this year. However in positive news for the company they did report a 4% increase in same store sales growth for the quarter. The CEO has been quoted saying that “they have laid a strong foundation for success.”
General Electric are facing more troubles in the road ahead. The company’s latest reports are forecasting results that will fall way short of what Wall Street estimates. CEO Larry Culp, has recently stated that the company has a lot of work to do this year, and expects the company’s performance in 2020 and 2021 to far exceed what is currently being shown. General Electric has been hit extremely hard by problems arising with their power business, and Larry Culp has been re-structuring and making deals to free up capital.
Tech giant Apple has reported that they are working at bringing in some big names to their new streaming service. It has been said that Apple is close to signing HBO, Showtime and Starz to their service, giving it a better market share of the streaming industry. All three are already available through other streaming services, and Apple is expected to announce in full details their streaming service at an event on March 25th.
Snap has the attention of some big analysts and is getting a large boost today, BTIG analyst Richard Greenfield is now recommending investors to buy into the stock, as it is expected to rise over 50% in the next year. This is rather controversial as Greenfield has been very skeptic of the tech company over the last few years. However he is confident that overseas advertisers will be taking advantage of low bid prices.
Johnson & Johnson are hitting the headlines again recently and this time they are paying. You may recall the lady from California who has been in a legal battle with the company for some time claiming that there products were the cause of her cancer, Well recently a Californian jury has awarded over $29 million dollars to the woman, after her claims that the asbestos used in the product caused her cancer. This may lead to others winning cases against the company which may have a negative impact on the share price, and leave current investors with less confidence in the company. As it stands the healthcare giant is facing nearly 13,000 related suits.
Clarence peters – AMT Associates