Author Archives: Scalper1

Accenture’s Q1 Gains Muted By Currency; Stock Tumbles

Accenture stock tumbled Thursday, after the tech consultant and outsourcer reported Q1 earnings that missed Wall Street expectations. Revenue edged Wall Street views, but revenue guidance missed. Accenture (ACN) was down more than 5% in early afternoon trading in the stock market today, near 103.50. Accenture stock closed Wednesday just shy of its all-time high of 109.86, touched intraday on Oct. 28, and even with Thursday’s decline it’s up more

Apple, Microsoft Lead All Companies in Stock Buybacks

Apple (AAPL) and Microsoft (MSFT) spent more on stock buybacks than any other companies, both in the third quarter and in the trailing 12 months. Apple spent $15.3 billion on stock buybacks in Q3, followed by Microsoft at $4 billion, according to data collected by FactSet Research. Companies in the S&P 500 spent a total of $156 billion on share buybacks in the third quarter, up 16% from the second quarter and a 6.4% increase from Q3 2014. The

Stock picks: Will 2016 be the year of the BAGEL?

For many investors, 2015 was the year of FANG stocks: Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google, now a unit of Alphabet (GOOGL). Investment bank RBC Capital Markets believes 2016 could be the year for BAGEL stocks: Alibaba (BABA), Amazon, Google, Expedia (EXPE) and LinkedIn (LNKD). As of Wednesday, the FANG stocks are up an average of 81% this year. RBC believes those companies as well as other large-cap Internet stocks like