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Market News

Location American Market News for 15 August 2018
3 Well-Financed Startups Aspire To Displace Splunk Splunk's market capitalization of $15 billion values it at nearly 12 times sales. It targets a $4.5 billion market and is growing at over 30%. But three well-financed startups say they're eating Splunk's lunch. Will that...
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Trade War Update: China May Have Shot Self In Foot China basically gave itself a global soy tariff. The U.S. will gain market share in Europe and possibly Japan.
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Good Isn't Good Enough at Macy's

Wall Street Journal - 15 Aug 2018 22:45
The department store has solid earnings and raises guidance, but that isn't enough for investors after a big stock run.
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Warren Buffett Buys Airlines, Goldman Sachs In 2nd Quarter Oracle releases portfolio update that shows more Apple was purchased as well
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Uber told CNBC it had gross bookings of $12 billion in Q2, up 41 percent since the same quarter last year, and net revenue of $2.7 billion, up 51 percent year-over-year. Those growth rates are slower than they were in Q1...
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Turkey's President Erdogan Playing Chicken With Investors Turkey's Erdogan has refused to tackle the root causes of the current crises which suggests Turkish assets including the currency will continue to sell of.
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Tech, not Turkey, proves catalyst behind global sell-off US tech heavyweights have remained relatively isolated from the woes of their Chinese counterparts
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Firms log sharpest profit growth in 9 quarters in Q1

livemint.com - 15 Aug 2018 19:54
Firms log sharpest profit growth in 9 quarters in Q1 Earnings still fail to meet Street expectations on costlier raw materials, weaker rupee
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Acquisition Ascensions For CVS Health

Forbes - 15 Aug 2018 18:35
Acquisition Ascensions For CVS Health Company keeps sight on Aetna for continued evolution
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Who Can Save Brazil's Lousy Economy?

Forbes - 15 Aug 2018 18:00
Who Can Save Brazil's Lousy Economy? Alckmin or Bolsonaro? Whoever leads Brazil will face an uphill battle as economy peters out...again.
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Investors pump ₹10,585 crore into equity mutual funds in July Total inflow has reached to over ₹43,300 crore in equities during the current financial year, according to Amfi
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What To Expect As China Telecom Publishes Its First-Half Earnings China Telecom, the third largest Chinese wireless carrier, is expected to publish its results for the first half of 2018 on August 20. In this note we take a look at what to expect when the company publishes its earnings...
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Is Pot Stock Tilray Inc. Overvalued?

Forbes - 15 Aug 2018 17:21
Is Pot Stock Tilray Inc. Overvalued? Tilray Inc. (NASDAQ: TLRY) became the first marijuana company to have an initial public offering on a U.S. stock exchange. While other marijuana companies are also listed on American exchanges, such as Cronos Group and C...
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Goldman's Equity Trading Revenue Fell Behind JPMorgan In Q2, And It May Not Be A One-Off Event An increase in capital market volatility, coupled with upbeat investor sentiment, helped boost equity trading revenues for most investment banks over the second quarter of 2018.
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Earnings Preview: What To Expect From Walmart On Thursday Walmart is expected to report earnings of $1.21/share on $125.72 billion in revenue. Meanwhile, the so-called Whisper number is $1.23. The Whisper number is the Street's unofficial view on earnings.
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Earnings Preview: What To Expect From Nvidia On Thursday Nvidia is expected to earn $1.64/share on $3.11 billion in revenue. Meanwhile, the so-called Whisper number is $1.80.
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Tuesday Rally Short-Lived as Trade Tensions and Weakness in Turkey Re-Emerge Keep an eye on volatility, which jumped again early Wednesday after declining Tuesday. This could make for some choppy trading, so investors might want to consider being extra careful.
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Finding The Awe In Awesome: Building Our Capacity For Renewal A growing body of research finds that experiences of awe are self-renewing, enabling us to tap into hidden resources and live more fulfilling lives.
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Here's The Best Time To Buy A Car

Forbes - 15 Aug 2018 14:32
Here's The Best Time To Buy A Car This is the best time to buy a car.
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Chinese Sportswear Billionaire Reports First-Half Profit Jump China's largest supplier of sportswear beat analysts' expectations with a strong earnings performance in the first half of the year.
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Bitmain, world's biggest cryptocurrency mining chips producer, plans $3 billion IPO Bitmain's 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto
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Macy's is still struggling to grow sales as foot traffic dwindles at traditional shopping malls and retailers must compete with Amazon's burgeoning e-commerce platform.
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