U.S. stock benchmarks advanced Wednesday, driven by gains in the energy, industrials and transportations stocks, while investors waited for the statement from the Federal Reserve’s policy-setting meeting due this afternoon.
Companies reporting earnings on Tuesday after the market close and Wednesday morning, delivered a mixed bag of results. Investors rewarded Gilead Sciences Corp. and Citrix Systems Inc. for topping estimates but punished Twitter Inc. and Yelp Inc. in the wake of disappointing outlooks.
Nokia Corporation (ADR) (NYSE:NOK)declared OZO, the first commercially accessible virtual reality (VR) camera designed and built for professional content creators and the first in a planned portfolio of digital media solutions from Nokia Technologies, the company’s advanced technology and licensing business.
“We’re thrilled to introduce OZO to the content creation world, and to define a completely new category of virtual reality capture and playback solutions,” stated Ramzi Haidamus, president of Nokia Technologies. “OZO aims to advance the next wave of innovation in VR by putting powerful tools in the hands of professionals who will create amazing experiences for people around the world. We expect that virtual reality experiences will soon radically enhance the way people communicate and connect to stories, entertainment, world events and each other. With OZO, we plan to be at the heart of this new world.”
Nokia Corporation (ADR) (NYSE:NOK) was trading lower by -0.91% to $6.56. So far, around 2.50 million shares have changed hands in this session. After opening at $6.57, the stock hit as high as $6.57. However, it traded between $6.26 and $6.73 over the last twelve months.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)operates as an integrated energy company in Brazil and internationally. Its Exploration and Production section engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets. The company’s Refining, Transportation and Marketing section is involved in the refining, logistics, transport, and trading of crude oil and oil products, as well as exports ethanol and invests in petrochemical companies. This section also engages in the extraction and processing of shale. The companys Gas and Power section engages in the transportation and trade of natural gas; transportation and trade of liquid natural gas; generation and trade of electricity; holding interests in natural gas distribution and thermoelectric power plants; and fertilizer business.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) was at $7.05, showing a +6.98% increase. Around 8.54 million shares have been traded, versus an-average trading volume of 29.08 million shares.
Sonus Networks, Inc. (NASDAQ:SONS)provides networked solutions for communications service providers and enterprises. Its products include session border controllers (SBC) that address the network requirements for small, medium, and large businesses, as well as for communications service providers; and open services switches for converting various types of voice signals into Internet protocol (IP) packets and transmitting those IP packets over a data network.
Sonus Networks, Inc. (NASDAQ:SONS) moved +14.44 per cent higherat $7.01 and is trading between $6.61 and $7.15 after opening the day at $6.78. However, it traded between $5.91 and $21.15 over the last twelve months.
Barrick Gold Corporation (USA) (NYSE:ABX)declared it has completed the divestiture of its Cowal mine in New South Wales, Australia to Evolution Mining for a total cash consideration of $550 million. Proceeds from the sale of Cowal will be used to repay debt.
“The sale of Cowal is consistent with the strategy we have outlined to create long-term value for our owners, and will make a important contribution to our debt reduction target while further focusing the geographic footprint of our portfolio,” stated Co-President Kelvin Dushnisky.
Barrick Gold Corporation (USA) (NYSE:ABX) shares rise today, gaining +1.02 per cent to $6.96. Around 4.22 million shares changed hands so far in this session compared to an-average trading volume of 17.80 million shares.
We combine technical analysis and fundamental research in an objective, unbiased system to help current and prospective traders and investors consistently find high-quality, high probability trading and investing ideas.
The WallStreetsEdge.com staff members are not Registered as Investment Advisors, Brokers, Dealers or as members of any research providers in any jurisdiction whatsoever.