Momentum Stocks

Computacenter Shares Sink as Third Quarter Sales Edge Lower

Shares of Computacenter (CCC.L), a British information technology services provider, traded sharply lower early on Wednesday after revenues fell in the third quarter and the company forecast that while sales in the fourth quarter will improve sequentially, they won’t match the lofty levels seen in the first half. Group turnover, which excludes the two acquisitions that the company made in […]

Apple to Face ‘Material’ Disappointment in 2019 as iPhone Revenues Will Decline 8%, New Street Says

Demand brought forward following the success of Apple’s (AAPL) iPhone X will drive an “air pocket,” leading to a material disappointment in the company’s performance in 2019, according to New Street. The introduction of a lower-price premium OLED phone won’t be enough to make up for the shortfall, the bank warned. Apple is likely facing a multi-year transition period, during […]

MagneGas Holds Preliminary Talks on Agricultural Sterilization Permitting Requirements in North Carolina

MagneGas (MNGA) said pre-market Monday that it has held a preliminary permitting meeting with the North Carolina Department of Environmental Quality (NCDEQ) and the US Army Corps of Engineers in a bid to gain a clear and complete understanding of the various regulatory and permitting requirements needed to begin scaled commercialized sterilization of agricultural waste in the state. The company […]

Shineco Signs Strategic Cooperation Deal With Government of Bayingolin Mongol – Shares Up 9%

Shineco (TYHT) shares were up almost 9% Monday morning after the maker of Chinese herbal medicines said that through its JV, Xinjiang Shineco Taihe Agriculture Technology, it has signed a strategic cooperation agreement with the People’s Government of Bayingolin Mongol Autonomous Prefecture for the company’s Apocynum Industrial Integration Construction Project. The company last month officially established its Apocynum Industrial Integration […]