Market News
Boeing to take $4.9 billion hit in second quarter on 737 Max grounding
CNBC - 18 Jul 2019 22:30
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.
BlackRock Should Have Done Much Better In Q2 Compared To The Unusually Slow Q1
Forbes - 18 Jul 2019 17:10
BlackRock will report its Q2 earnings on July 19. Consensus figures point to a negligible change in revenues from the year-ago period, while EPS is expected to drop 2% y-o-y to $6.51. Per Trefis, BlackRock's stock has a ...
Will Soft Retail Sales Growth Weigh On American Express' Q2 Results?
Forbes - 18 Jul 2019 17:05
American Express is scheduled to release its second quarter results on July 19 and Trefis expects soft retail sales growth of April and May to weigh on its Q2 earnings. Billed Business and Credit Card loans are the key o...
Industry Headwinds Would Have Hurt State Street's Q2 Results
Forbes - 18 Jul 2019 17:00
State Street will report its second quarter 2019 earnings on July 19. Consensus figures points to a 6% decline in revenues y-o-y to $2.87 billion, and a 26% drop in EPS figure to $1.39. Per Trefis, State Street's stock h...
This Is Your Last Chance To Dump Netflix Stock
Forbes - 18 Jul 2019 16:37
Using simple math, I'm going to show you why anyone who thinks Netflix is a great stock is living in fantasyland.
Uncertainty Over Trade, Mixed Earnings Dampens Market Sentiment
Forbes - 18 Jul 2019 16:37
Market sentiment has taken a hit from uncertainty over earnings, continuing U.S.-China trade dispute.
Chewy stock rises after release of its first results since IPO, loss narrows in line with forecast
CNBC - 18 Jul 2019 22:22
Chewy, founded in 2011 by Ryan Cohen and Michael Day, calls itself the "largest pure-play pet e-tailer in the United States."
CrowdStrike stock jumps after beating expectations in its first earnings report
CNBC - 18 Jul 2019 22:12
CrowdStrike reports first earnings report since IPO.
Budget: A mixed bag for individual taxpayers
livemint.com - 18 Jul 2019 21:55
Budget proposes an additional deduction of up to Rs1.5 lakh for interest paid on loans for purchase of an affordable house.The proposal to exempt entire lump sum withdrawal of NPS is intended to enable pensioners to have...
Repentance And Forgiveness: The Hidden Sides Of Performance
Forbes - 18 Jul 2019 21:38
In learning to forgive ourselves, we open the door to using our shortcomings as fuel for growth.
Microsoft beats on earnings, stock ticks up
CNBC - 18 Jul 2019 21:33
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.
Alcoa's Q2 2019: Macroeconomic Headwinds And Restructuring Charges Weigh On Revenue And Bottom Line
Forbes - 18 Jul 2019 20:52
Alcoa (NYSE: AA) released its Q2 2019 financial results on July 17, 2019, followed by a conference call with analysts. Key Takeaways Alcoa's trend of a shrinking revenue base over the last four quarters continued in Q2 2...
Bitcoin Slumps, What Now?
Forbes - 18 Jul 2019 20:29
Putting a box around bitcoin volatility shows that the bounds of prediction are ridiculously wide.
Why Is Shopify Stock Up 10x Since Its IPO?
Forbes - 18 Jul 2019 20:06
Shopify (NYSE:SHOP) - an e-commerce platform that allows businesses to create and run online stores - has seen its stock soar by close to 10x since its 2015 IPO. The company has two revenue streams - namely Subscriptions...
What To Expect From Cleveland-Cliffs' Q2 2019 Earnings Report?
Forbes - 18 Jul 2019 18:52
Cleveland-Cliffs (NYSE: CLF) is expected to report its Q2 2019 financial results on July 19, 2019, followed by a conference call with analysts. Cleveland Cliffs' revenues saw a y-o-y decline in Q1 2019, driven by a 10.7%...
Debt Ceiling Crisis: Here We Go Again?
Forbes - 18 Jul 2019 18:38
How will the debt ceiling situation play out? Here's what Commonwealth CIO Brad McMillan will be watching for.
Surprising Analyst 12-Month Target For The WisdomTree U.S. MidCap Dividend Fund ETF
Forbes - 18 Jul 2019 17:30
For the WisdomTree U.S. MidCap Dividend Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $39.98 per unit.
Strong Passenger Flow Will Boost Delta Air Lines' Profits For The Year
Forbes - 18 Jul 2019 17:15
Delta Air Lines (NYSE: DAL) is a major US airline company that serves both domestic and international routes. Delta reported better-than-expected results for the second quarter late last week thanks to higher passenger f...
Look Under The Hood: The SPDR S&P MIDCAP 400 ETF Has 10% Upside
Forbes - 18 Jul 2019 16:00
For the SPDR S&P MIDCAP 400 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $388.05 per unit.
Increased Card Lending, Lower Charge-Off Rates Should Have Boosted Capital One's Q2 Results
Forbes - 18 Jul 2019 15:55
Capital One will report its Q2 2019 earnings later today. Consensus figures points to a 3% decline in revenues year-on-year to $7 billion, and a 23% drop in EPS figure to $2.86. Per Trefis, Capital One's stock has a fair...
Brexit Conundrum Continues
Forbes - 18 Jul 2019 15:32
It will now take an extreme crisis to kill Brexit. But in the long term the U.K. market is a buy, because the major drag on it is the uncertainty, not Brexit itself.
IQOS boosts Philip Morris International's quarterly profit, revenue. Stock jumps
CNBC - 18 Jul 2019 15:16
Philip Morris International beats second-quarter earnings and revenue estimates and hikes its full-year forecast as its new tobacco products gain.