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Market News

Location American Market News for 17 July 2018

The Dark Side to Rising Consumer Spending

Wall Street Journal - 17 Jul 2018 10:46
Retail sales are strong, but shoppers are borrowing more to fund their purchases. That may make sense, or leave people struggling to pay off debt.
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Billionaire Netflix CEO's Fortune Falls 5% After Stock Plunge Netflix CEO Reed Hastings saw his net worth drop 4.6% after the company missed its second quarter subscriber forecast by one million.
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United Airlines posted first-quarter profits that topped Wall Street estimates.
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Why You Should Buy Facebook And Alphabet In September Tony Mitchell, one of my managers, believes an order imbalance is brewing that will probably create a good entry point for Facebook and Alphabet in September
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Abbott Earnings Preview: Expect Diagnostics To Lead Q2 Earnings Growth Abbott Labs (NYSE:ABT) is set to report its Q2 2018 earnings on July 18, and we expect the company to post steady growth, led by its Diagnostics and Generic Pharmaceuticals segments. While the Diagnostics business will c...
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How Do Domo's Growth And Valuation Compare To Anaplan? The business intelligence software industry is intensively competitive, with players having to constantly innovate and differentiate their features in order to attract and retain customers.
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Can Philip Morris Provide Some Positive iQOS News In The Second Quarter? Philip Morris International (NYSE:PM) is set to release its second quarter earnings on July 19, wherein revenue and EPS growth of 9.4% and 8.8% are expected, as compared to the corresponding quarter of the previous year....
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What To Expect From SAP's Q2 Results

Forbes - 17 Jul 2018 18:41
What To Expect From SAP's Q2 Results Software giant SAP (NYSE: SAP) is scheduled to announce its second quarter earnings on Thursday, July 19. The market expects the company to deliver strong growth across business segments, particularly in its core busines...
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What To Expect From Microsoft's Fourth-Quarter Earnings Microsoft is scheduled to report its Q4 fiscal 2018 earnings on Thursday, July 19. The company has reported strong revenue growth from non-computing revenue streams in recent years.
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Wells Fargo's Results Will Continue To Be Impacted By Fed's Enforcement Order The second quarter of the year was an overall disappointing period for Wells Fargo, with the U.S. banking giant falling short of investor expectations when it reported results late last week.
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Professor Aswath Damodaran on Valuation

Forbes - 17 Jul 2018 17:01
Professor Aswath Damodaran on Valuation I think that right now, looking at the equity risk premium, I can justify prices. Collectively, the expected returns on stocks, based on the cash flows that we're seeing right now, is close to 8.3%, which is at a high in...
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Federal Reserve will continue to raise rates gradually, says Jerome Powell Federal Reserve chairman Jerome Powell was upbeat about the US economy, noting that job creation remained strong and inflation was right around the Fed's 2% target
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Upcoming Earnings: IBM To Report After Wednesday's Close Tech giant IBM reports second-quarter earnings after market close on Wednesday, July 18. IBM has returned to revenue growth in recent quarters, but its stock still lags the S&P 500 year to date.
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Bitcoin Trading Strategy For Passive Investors Adopting a correct strategy and a time frame is a good starting point. This particular strategy makes trading so simple & easy for traders.
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Startup Aiming At Oracle, IBM in $70B Market Fits What VCs Want Venture capitalists put much more pressure on startups than capital markets do on big companies. Maybe that's why this San Francisco startup is winning in $70 billion worth of markets in which IBM and Oracle compete.
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Netflix Sneezes, Could Nasdaq Catch Cold? 'FAANGs' Appear Under Pressure It could be a rough day for the FAANGs and Nasdaq as a whole due in large part to Netflix missing on its own guidance for subscriber growth in Q2. In other news, Goldman Sachs beat earnings estimates, while Fed Chair Pow...
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IDBI Bank seeks govt view on sale of controlling stake to LIC IDBI Bank says it received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring a 51% controlling stake in the financial institution
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Neuberger Berman Thinks The 'Taper Tantrum 2' Is Over Emerging market sell-off was overdone. Dollar done flexing its muscles for now.
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Here's My Best Advice For Earnings Season

Forbes - 17 Jul 2018 14:36
Here's My Best Advice For Earnings Season With the recent market downturn, you might be worried that stocks are headed for trouble. Don't be.
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HDFC AMC sets IPO price band at Rs1,095-1,100

livemint.com - 17 Jul 2018 14:34
HDFC AMC sets IPO price band at Rs1,095-1,100 The HDFC AMC IPO will put up to 2.54 crore equity shares of the fund house on sale, of which 85.92 lakh shares will be put up by HDFC and up to 1.68 crore shares by Standard Life
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Are Tariffs Slowing The Chinese Economy?

Forbes - 17 Jul 2018 14:21
Are Tariffs Slowing The Chinese Economy? China's economy is holding up nicely. But that is likely to change in the third quarter unless Beijing gives the domestic market a shot in the arm.
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4 Reasons Netflix's 13% Plunge Is A Buying Opportunity Is the past a predictor of the future? When it comes to Netflix's earnings misses, the future tells us that buying on the dips is a good bet. I think it still is.
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