China Eastern Airlines Corporation (NYSE:CEA) said that in 2009, the business environment for airlines started to change for the better, and the improving economy paved the way for a recovery in demand for air transportation in both domestic and international markets.
Additionally, the first quarter of 2010 showed that the Group's performance was improving and was at the best level in recent years since the integration of China Eastern and Shanghai Airlines.
The company expects that the global economy will stabilize and China will lead in the recovery. The international markets for air transportation are expected to recover gradually.
Shares of China Eastern are up over 10%.
Tupperware Brands (NYSE:TUP) reported record first quarter 2010 sales and profit. First quarter 2010 sales increased in local currency by 11% versus 2009. A positive impact from foreign exchange rates of 9% resulted in GAAP sales that were 20% above the first quarter of 2009.
Adjusted diluted EPS of 76 cents in the quarter was 16 cents better than the high end of the guidance range given in February. This was up 31 cents, or 69% versus the prior year.
Tupperware shares are up 9.3%.
Visa (NYSE:V) and CyberSource Corporation (CYBS) announced that they have entered into a definitive agreement for Visa to purchase CyberSource at a price of $26.00 per share, or total consideration of approximately $2.0 billion to be paid with cash on hand.
Shares of CyberSource are higher by more than 31.75%.
AM Castle (NYSE:CAS) was upgraded by KeyBanc Capital Markets (NYSE:KEY) from hold to buy today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
This is the most knowledgable group I've ever been
Launch related slideshow:
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Wednesday 5/22 Insider Buying Report: SBY, CUBI
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: BA, TOL, SPLS
Analyst Moves: STX, HOT, HPQ
Analyst Moves: NTAP, MDC, PXD
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Thursday Sector Laggards: Electric Utilities, Agriculture & Farm Products
Wednesday Sector Leaders: Homebuilders, Precious Metals
Thursday's ETF with Unusual Volume: IGV
Thursday's ETF Movers: GGGG, NUCL
EWZ, GGGG: Big ETF Outflows
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Daily Dividend Report: MCD, JCI, CTL, GPS, AVB
Daily Dividend Report: NTAP, ADI, BBY, TAP, CHSP
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013