On Wednesday, Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), gained 2.01% to $7.62. The stock attained the volume of 27.10 million shares.
The year-to-date (YTD) performance reflected a -38.83% below last year. During the past month the stock gains 8.92%, bringing three-month performance to -26.72% and six-month performance to -35.17%. The stock holds the market capitalization of 45.08B, as a commodities rally propels Brazil’s real to its longest winning streak since May.
Based in Sao Paulo, Brazil, Itau Unibanco provides a range of financial products and services to individual and corporate clients in Brazil.
Raw materials have rallied since disappointing U.S. economic data released during the past week have lowered the likelihood that the Federal Reserve will hike interest rates during 2015, which is boosting currencies of commodity-producing countries, Bloomberg notes. Brazil is the world’s top metals and soy exporter.
The Brazilian real raised 1.3% to 3.8017 per dollar at 10:50 a.m. in Sao Paulo on Wednesday, extending its four-day advance to 5.2%, according to Bloomberg.
The higher demand for riskier assets also is diminishing tensions between lawmakers and President Dilma Rousseff ahead of court rulings about spending bills, Bloomberg reports. The rulings were delayed for a fourth time on Wednesday.
Additionally, Brazil’s consumer inflation slowed to an improvement of 9.49% during the 12 months ending in September, contrast to a 9.53% improvement during the 12 months ending in August, but remains more than double the official target, according to Reuters.
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Finally, Nabors Industries Ltd. (NYSE:NBR), ended its last trade with 1.54% gain, and closed at $11.86.
The stock closed at a distance of 19.28% from 20-day simple moving average. In the last trading session, the stock’s price moved -6.60% below its 200 day moving average, changing hands as low as $11.37 per share. The stock is presently trading 3.91B% above its SMA 50.
Nabors Industries Ltd. (NBR) invites you to join Anthony G. Petrello , Chairman and Chief Executive Officer and William Restrepo , Chief Financial Officer, Wednesday, October 28, 2015 at 10:00 a.m. Central Time for a negotiation of operating results for the third quarter 2015. Nabors will release earnings after the market closes on October 27, 2015 .
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well. In addition, the company markets about 466 land drilling rigs for oil and gas land-based drilling operations in the United States, Canada, and about 20 other countries worldwide; about 445 rigs for land well-servicing and workover services in the United States
Shares of Infinera Corp. (NASDAQ:INFN), declined -3.85% to $19.72, during its last trading session. The share price of this stock traded recently in a range of $17.76 to $20.80. The company now has a market value of $2.69 billion.
For this company, beta value at 0.93 represents it is more volatile to the shift in the market. If we take a look on its volatility, 7.23% was seen in a week and for the month it was 4.18%.
Infinera introduced a new unified Intelligent Transport Network product portfolio to address the surge in demand forecast for metro 100 gigabit per second (Gb/s) packet-optical networking solutions in 2016. Mobile, video and cloud-based services are driving a transformation of metro packet-optical networks from 10 Gb/s to 100 Gb/s, and industry analysts forecast a surge in demand for metro 100 Gb/s in 2016. The new portfolio unifies Infinera’s long-haul DTN-X platforms with metro packet-optical solutions obtained through the acquisition of Transmode and introduces three new platforms to the DTN-X Family, enabling the company to address the entire wavelength division multiplexing (WDM) market from long-haul to metro access. IHS Research forecasts the end-to-end WDM market will top $15 billion by 2019.
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
