Posted in company, funds, sectors, tickers

Cash Into Profit

PowerShares Nasdaq 100 ETF (QQQ) dropped 17 cents to $132.30 in premarket as investors cautiously stepped into weekend’s drawdown and lower-volume daily trading on Friday.

BlackBerry Ltd (BBRY) jumped 9.6% to $7.62 in premarket after Canada-based smart devices maker expects positive free cash flow in fiscal 2018 along with profitability on adjusted basis.

Posted in company, funds, sectors, tickers

Digital Worldwide

HSBC Holdings Plc (HSBC) eased 11 cents to $40.75 in premarket after the banking services provider partnered with financial technology company Tradeshift Inc based in San Francisco, CA. The combined services will support clients digitally worldwide.

HSBC sold its Brazilian unit for $5.2 billion but decided to sustain its Turkish subsidiary as the latter is nearing profitability after closing more offices than 90 left after restructuring.

Boston Scientific Corp (BSX) fell six cents to $24.65 in premarket after the medical tools maker will acquire privately-held Swiss peer Symetis SA for $435 million in cash. The combined business will focus on minimally invasive heart devices.

ConocoPhillips (COP) surged 9.30% to $50.22 after the energy conglomerate is moving away from high regional production costs and low crude prices. The company is going to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for $13.3 billion.