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What It's Like To Be The Youngest Woman Equity Trader In The New York Stock Exchange
 
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Lauren Simmons, an equity trader for Rosenblatt Securities, is the youngest woman to be a full-time broker in the New York Stock Exchange. She's only the second African-American female broker in the Exchange's 226-year history. According to a 2017 study by Stanford University, men comprise 75% of the wealth management field and fill more than 80% of leadership roles. ------------------------------------------------------ #StockExchange #LarenSimmons #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Subscribe to our channel and visit us at: https://read.bi/7XqUHI BI on Facebook: https://read.bi/2xOcEcj BI on Instagram: https://read.bi/2Q2D29T BI on Twitter: https://read.bi/2xCnzGF -------------------------------------------------- What It's Like To Be The Youngest Woman Equity Trader In The New York Stock Exchange
Views: 406439 Business Insider
NYSE vs NASDAQ - who has more "mega cap" listings?
 
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The two biggest stock exchanges in the world, in terms of total market capitalization value of the shares listed, are the New York Stock Exchange (NYSE) and the NASDAQ. But which of these two stock exchanges has the highest number of “mega caps”? Take your guess and find out in this Finance Storyteller video. Historically, the NYSE has always had the largest total market capitalization of companies listed, while the NASDAQ allows a far larger number of companies to be listed, particularly those that may be too small to meet the requirements of the NYSE. The NASDAQ also has far lower listing fees than the NYSE. What are “mega cap” companies? Well, these are the Big Dogs! A “mega cap” is a company with a market capitalization exceeding $100 billion, some would even say exceeding $200 billion. Let’s take a look at a subset of the top 25 companies in the world in terms of market capitalization, in the middle of May 2017. 15 out of these 25 companies have their primary listing in the US, so on either the NYSE or NASDAQ. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
How The Stock Exchange Works (For Dummies)
 
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Why are there stocks at all? Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl! Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science. We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :) We're a bunch of Information designers from munich, visit us on facebook or behance to say hi! https://www.facebook.com/Kurzgesagt https://www.behance.net/kurzgesagt How the Stock Exchange works Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
The U.S. Stock Exchanges
 
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The U.S. Stock Exchanges The U.S. stock market comprises three major stock exchanges for day trading. Stock exchanges are businesses that make their profits from commissions and services. The stock exchanges compete among themselves by appealing to different business niches. Each stock exchange has its own unique specialties, technologies, advantages, and, of course, disadvantages. If you’re looking for an introduction to day trading in the US, here’s your basic guide. Meet the New York Stock Exchange The New York Stock Exchange (NYSE) is located on the corner of Wall and Broad streets. It is the largest stock exchange in the world, based on the market value of the companies traded on it, and therefore the highest number of day traders participate on this exchange. The market value, known as market capitalization or “market cap,” multiplies the number of publicly held shares of stock by the exchange-traded price of each share. The market cap of stocks traded in the NYSE exceeded $21 trillion as of June 2017. The NYSE trading list comprises more than 3,000 companies. It wasn't so long ago that NYSE market orders were handled by humans known as floor traders. In those days, the execution time of an NYSE transaction could take up to two minutes. But the unavoidable has happened to the world's largest stock exchange. The revolution started slowly. Nasdaq, the United States’ first computerized stock exchange, became the model when it began operations in 1971. It took some time, but computers have now taken over most processes at the NYSE, despite strong opposition by the day traders. Computerized day trading has provided exactly what the public wanted: greater competition, fewer commissions, greater transparency, and higher execution speed. Meet the Nasdaq The Nasdaq (formerly known as NASDAQ when it was an acronym for National Association of Securities Dealers Automated Quotations) was established in 1971 as the world's first electronic stock exchange. Unlike the NYSE, it immediately computerized all of its trade processes. From that point on, day traders no longer needed to compete over each other’s shouts on the trading floor. Everything was push-button. The result: commissions slowly dropped, the quality of service improved, competition grew, and companies of a new type issued stocks and raised trillions of dollars. Within two decades, and with the proliferation of the internet, Nasdaq was accessible in the home of every trader. For the first time, the road to private trading was opened, day trading classes were being offered as were more services for beginner day traders. We can, in fact, say that the profession of day trading as we know it was born with Nasdaq’s founding. Meet the NYSE American The NYSE American was first established in 1842 as the American Stock Exchange. The NYSE acquired this stock exchange in 2008. NYSE American is now the NYSE's market for small-cap companies. Like the NYSE, it now has moved its processes to quick, effective computerized execution. --------------------------------------------------------------------------------------------------------- Subscribe for NEW You Tube trading lesson here: https://youtube.com/user/TradenetGlobalUK?sub_confirmation=1 --------------------------------------------------------------------------------------------------------- Helpful links: Join my trading group: Get education & a Funded Account: http://www.tradenet.com/join-funded-accounts/?affiliate_id=35955&affiliate_org=2&web_page=&placement=&campaign_id=7010O000000fKjw Watch my FREE live You Tube streaming Trading Room: https://www.youtube.com/c/TradenetGlobalUK/live Join a FREE 14 day trial in my live Trading Room: https://www.tradenet.com/14-day-free-trial/?affiliate_id=35955&affiliate_org=2&web_page=&placement=&campaign_id=7010O000000fKjw Watch all my lessons here: https://www.youtube.com/playlist?list=PLb9tmPwCEfFjZWiIEYa4BfF4BZX0F0mWz View the FREE "Part one" of my trading book "The Market Whisperer" here: http://books.tradenet.com/ Buy my best selling book at Amazon: https://www.amazon.com/dp/1540353524 Open a Colmex account (Non-US residents): https://services.colmexpro.com/registration/start.aspx Watch all my day trading live videos at: http://www.youtube.com/user/TradenetGlobalUK/videos Contact Tradenet: [email protected] Contact Meir Barak: [email protected] Visit our website: www.tradenet.com Germany: www.tradenet.de
Chewy opens for trading at the NYSE
 
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Shares of pet-product company Chewy begin trading at the New York Stock Exchange. Jay Ritter, business professor at the University of Florida, and CNBC's Leslie Picker and Dom Chu discuss.
Views: 636 CNBC Television
Jumia listed on New York Stock Exchange
 
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Online trading company Jumia is seeking to use its listing on the New York Stock Exchange to grow its business across Africa. Jumia Kenya Chief Executive Officer Sam Chapatte says the firm will be looking to work more with Kenyan firms in offering a wide range of products and services. Jumia which is active in fourteen African countries, officially listed on the New York Stock Exchange on Friday last week. Citizen TV is Kenya's leading television station commanding an audience reach of over 60% and in its over 12 years of existence as a pioneer brand for the Royal Media Services (RMS), it has set footprints across the country leaving no region uncovered. This is your ideal channel for the latest and breaking news, top stories, politics, business, sports, lifestyle and entertainment from Kenya and around the world. Follow us: http://citizentv.co.ke https://twitter.com/citizentvkenya https://www.facebook.com/Citizentvkenya https://plus.google.com/+CitizenTVKenya https://instagram.com/citizentvkenya
Views: 555 Kenya CitizenTV
LIVE - Floor of the NYSE! Mar. 22, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday the housing market index for March remained unchanged at 62, the yield on 10-year Treasuries ended the day at 2.6%, and West Texas Intermediate crude rose slightly to $58.99 a barrel, a four-month high. On Tuesday factory orders for January increased .1% on top of the prior month’s .1% gain. News reports surfaced that U.S. officials are concerned that China is pushing back against U.S. demands, making traders jittery and pulling down stocks. On Wednesday the EIA petroleum status report for the week ending March 15th saw crude oil inventory sharply decline by 9.6 million barrels, however, levels are still 2.6% higher than a year ago. The Federal Reserve ended their two-day meeting and turned dovish saying that there may not be any more rate hikes this year and also planning on ending the runoff of its asset portfolio in September. In addition, the Fed lowered their estimates of the current year’s GDP from 2.3% to 2.1%. Bank stocks declined on the news, dragging down markets on the prospect of lower interest rates. On Thursday jobless claims for the week ending March 16th declined 9,000 to 221,000. In a delayed reaction to the Federal Reserve, investors were upbeat about improved growth prospects, and the tech sector in particular was strong. The Dow Industrials closed 216 points higher and the Nasdaq Composite rose 1.4%. On Friday existing home sales for February jumped 11.8 % to an annualized 5.51 million units. However, unexpectedly bad manufacturing data from Europe as well as the inverting of the yield curve for 3 month and 10-year Treasuries for the first time since 2007 scared investors and markets sold off sharply at the open. Now let’s take a look at some stocks. Worldpay, Inc. (NYSE: WP) announced on Monday that it has agreed to be acquired for $43 billion by Fidelity National Information Services, Inc. (NYSE: FIS). Worldpay shares rose by 13% following the announcement. The transaction is expected to close in the second half of 2019. FedEx Corporation (NYSE: FDX) released its third quarter financial results during Tuesday’s extended trading hours, reporting disappointing earnings sending shares lower by 6% at the opening bell on Wednesday. The company earned $3.03 per share on revenue of $17 billion, with analysts expecting earnings of $3.11 per share. In addition, FedEx lowered its guidance for both the fourth quarter and full year. Micron Technology, Inc. (NASDAQ: MU) shares rose by 8.6% on Thursday morning after the chipmaker reported its second quarter results. The company earned $1.71 per share on revenue of $5.84 billion. Wall Street analysts had expected earnings of $1.67 per share on revenue of $5.3 billion. Despite the beat, Micron’s revenue fell by 25.9% year-over-year due to the ongoing weakness in the chip sector as well as trade wars. Biogen Inc. (NASDAQ: BIIB) shares cratered 28% on Thursday morning after the Company decided to terminate its current and future clinical trials for its Alzheimer’s drug. The Company was collaborating with Eisai, a Tokyo-based pharmaceutical company. The two decided to discontinue the clinical trials because they believed it would not meet their primary endpoint, not due to safety concerns. Levi Strauss & Co. (NYSE: LEVI) launched its IPO on Thursday morning on the New York Stock Exchange. Shares listed at $22.22 each and were trading 33% higher than the listing price. The jeans and casual apparel maker was public back in 1971, but went private again in 1985. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 2793 FinancialBuzzMedia
LIVE - Floor of the NYSE! June 7, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday the PMI manufacturing index for May fell 2.1 points to 50.5, a 10-year low while the ISM manufacturing index for May dropped seven-tenths of a point to 52.1. Construction spending for April was unchanged. Tech had a really bad day as reports surfaced that the U.S. government is planning on targeting big companies regarding business practices. The Nasdaq Composite lost 1.6%, placing it in correction territory, down over 10% from it’s high in April. On Tuesday factory orders for April declined .8% compared to the prior month’s 1.3% gain. However, the big news of the day was when Fed Chair Jerome Powell gave a speech stating that the Fed will closely monitor the trade situation and will act to sustain the expansion and keep inflation near 2%. Markets rallied massively with the Dow Industrials closing up 512 points and the Nasdaq Compositing surging 2.7%. On Wednesday the ADP employment report for May saw private payrolls expanding a very week 27,000 and the ISM non-manufacturing index for May rose 1.4 points to 56.9. The EIA petroleum status report for the week ending May 31st saw crude oil inventories jump 6.8 million barrels. The Trump administration made comments indicating Mexico still has time to make a deal before implementing new tariffs and markets made strong gains with the Dow Industrials closing up 207 points. On Thursday jobless claims for the week ending June 1st remained unchanged from the prior week, at 218,000, while the revised nonfarm productivity for the first quarter rose 3.4% and unit labor costs declined 1.6%. Ten-year Treasuries yielded 2.13% and West Texas Intermediate crude finished at $52.59 a barrel. On Friday nonfarm payrolls for May grew a paltry 75,000, much lower than expectations, and the unemployment rate held steady at 3.6%. Average hourly earnings grew by .2%. At the open, markets rocketed higher, with investors anticipating the bad news will prompt the Fed to lower interest rates. Now let’s take a look at some stocks. Cloudera, Inc. (NYSE: CLDR) reported its first quarter results after market close on Wednesday, beating expectations, however, also announcing the departure of its Chief Executive Officer Tom Reilly. Cloudera shares fell as much as 39% at the opening bell on Thursday. For the first quarter, Cloudera reported an earnings loss of 0.13 per share on revenues of $187.4 million. Stitch Fix, Inc. (NASDAQ: SFIX) reported its third quarter results after market close on Wednesday, smashing analysts’ estimates and causing shares to rally as much as 27%. The company reported earnings of $0.07 per share on revenue of $408.9 million. Revenue rose 29% year-over-year, largely due to the Company’s increase in active clients to 3.1 million. Ciena Corporation (NYSE: CIEN) reported its second quarter results before market open on Thursday, with earnings of $0.48 per share on revenues of $865 million. Revenues increased 18.5% year-over-year, while per-share earnings more than doubled from a year ago. The stronger quarter was primarily led by higher sales in Ciena’s networking platforms. Shares jumped 25% on the news. Beyond Meat, Inc. (NASDAQ: BYND) reported its first financial results since launching its IPO in early May. Beyond Meat exceed analysts’ revenue estimates, which sent shares soaring 25% higher during Thursday’s extended hours. The company reported an earnings loss of $0.14 per share on revenue of $40.2 million. Revenue grew by 215% year-over-year, largely due to its 304% growth in its Fresh platform. DocuSign, Inc. (NASDAQ: DOCU) reported its first quarter results after market close on Thursday, earning $.07 per share on revenue of $214 million. DocuSign’s strong revenue growth was driven by its 36% increase in subscription revenue and a 64% increase in its professional services and other revenue. Shares fell 16% on the news over fears that billing is decelerating slightly. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 3562 FinancialBuzzMedia
LIVE - Floor of the NYSE! May 17, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday markets tumbled as fallout from the U.S.-China trade situation intensified. China retaliated by raising tariffs on $60 billion worth of U.S. imports starting on June 1st. American farmers were hit hard and shares of Caterpillar, Boeing, Micron Technology, and Apple all fell sharply. The Dow Industrials closed 617 points lower. On Tuesday import prices for April rose .2% while export prices also rose .2%. Markets rebounded slightly after President Trump made some tweets that held out hope that a deal with China can be reached. The Dow Industrials rose 207 points and 10 year Treasuries yielded 2.41%. On Wednesday retail sales for April declined .2% compared to the prior month’s 1.7% gain and the Empire State manufacturing survey for May shot up 7.7 points to 17.8. Industrial production for April declined .5% compared to the prior month’s .2% gain and the EIA petroleum status report for the week ending May 10th saw crude oil inventory gain 5.4 million barrels. The housing market index for May rose 3 points to 66 and business inventories for March remained unchanged. Markets rose on reports that President Trump will delay implementation of auto tariffs by up to 6 months, with the Dow Industrials finishing up 115 points. On Thursday housing starts for April rose 5.7% to an annualized 1.235 million units and jobless claims for the week ending May 11th declined 16,000 to 212,000. President Trump made it difficult for U.S. companies to do business with Huawei, the large Chinese telecom company, due to national security concerns. Despite the potential for this action to increase trade tensions, markets rose strongly with the Dow Industrials closing 214 points higher. On Friday consumer sentiment for May rose 5.2 points to 102.4, a 15-year high. Despite the good news, U.S.-China trade tensions dragged down markets at the open. Now let’s take a look at some stocks. Aurora Cannabis Inc. (NYSE: ACB) reported its third quarter results after market close on Tuesday, with larger-than-expected losses of 16 Canadian cents per share on revenue of 75 million. Analysts were estimating a loss of 5 cents per share. Aurora’s gross revenue surged by 367% year-over-year, primarily led by the increase in its consumer base, with the Canadian consumer market rising 37%, the Canadian medical market rising 8% and the International medical market surging 40%. Aurora shares slid 6% on the news. Alibaba Group Holding Limited (NYSE: BABA) reported earnings of RMB 8.57 per share on revenue of RMB 95.3 billion, exceeding analysts’ estimates. At the end of the quarter, Alibaba reported that annual active customers reach 654 million, an 18% increase year-over-year. Meanwhile, mobile monthly active users reach 721 million, increasing by 22 million year-over-year. Shares rose 1.5% on the news. Cisco Systems, Inc. (NASDAQ: CSCO) reported its third quarter results after market close on Wednesday. The company exceeded expectations on both top and bottom lines, reporting earnings of 78 cents per share on revenue of almost $13 billion. Cisco’s net revenue rose by 6% year-over-year, primarily driven by growth across its business segments. Cisco’s product revenue increased by 7% to $9.7 billion, while service revenue rose by 3% year-over-year to $3.2 billion. Pinterest, Inc. (NYSE: PINS) reported its first quarter results on Thursday, coming in with an earnings loss of $0.32 per share on revenue of almost $202 million. Analysts expected earnings of $0.11 per share. Net losses for the Company increased by 21% year-over-year, however, monthly active users grew to 291 million, increasing by 22% year-over-year. NVIDIA Corporation (NASDAQ: NVDA) reported its first quarter results on Thursday. Despite declining revenues, Nvidia surpassed analysts’ estimates, sending shares 6% higher during extended trading hours. For the quarter, Nvidia reported earnings of $0.88 per share on revenue of $2.2 billion. Nvidia mentioned that revenue fell by 31% year-over-year primarily due to the decline within Nvidia’s data center and OEM segments. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 3313 FinancialBuzzMedia
LIVE - Floor of the NYSE! May 31, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 Markets were closed Monday for the Memorial Day holiday. On Tuesday the Case-Shiller home price index for March rose .1% on top of the prior month’s .3% gain and consumer confidence for May jumped 4.9 points to 134.1, higher than expected. Worry over trade issues with China increased as a Chinese official implied that rare earth metals could be used as leverage against the U.S. The Dow Industrials finished 237 points lower, and the yield on 10-year Treasuries fell to 2.26%, its lowest level since September 2017. On Wednesday the Dow Industrials slid another 221 points, with retailers hit hard on worries that tariffs will slow revenue growth. On Thursday the second estimate of the first quarter GDP was revised downward slightly to 3.1% and jobless claims for the week ending May 25th rose 3,000 to 215,000. The pending home sales index for April fell 1.5% compared to the prior month’s 3.9% gain and the EIA petroleum status report for the week ending May 24th saw crude oil inventory decline 300,000 barrels. The inversion between the yield of 3 month and 10 year Treasuries continued growing, with the 3 month yielding 2.38% and the 10 year yielding 2.22%. Nevertheless, markets rebounded slightly with the Dow Industrials closing 43 points higher. On Friday personal income for April increased .5% while consumer spending increased .3%. The PCE price index fo rApril went up .3%. Markets opened sharply lower after President Trump threatened tariffs on all Mexican imports due to illegal immigration. Now let’s take a look at some stocks. Total Systems Services (NYSE: TSS) and Global Payments (NYSE: GPN) announced they will combine companies in an all-stock merger. The news sent Total Systems shares almost 9% higher on Tuesday morning, while Global Payments’ shares edged down by 1%. The combined company will provide payment and software solutions to approximately 3.5 million predominantly small-to-mid sized merchant locations and more than 1,300 financial institutions across over 100 countries. Beyond Meat, Inc. (NASDAQ: BYND) shares rose 7% on Tuesday after the company partnered with Zandbergen World’s Finest Meat to produce plant-based meats in Zoeterwoude, the Netherlands. Zandbergen will create a new manufacturing facility and upon completion in 2020, the partnership will mark Beyond Meat’s first international production capability outside of the U.S. Canada Goose Holdings Inc. (NYSE: GOOS) reported its fourth quarter and fiscal 2019 results before the opening bell on Wednesday, coming in with earnings of 9 cents CAD on revenue of 156 million CAD. Revenue was weaker-than-expected and shares plunged over 21% on the news. For 2020 Canada Goose is forecasting revenue growth of at least 20% and it expects to open eight new retail stores and a new digital concept store. Abercrombie & Fitch Co. (NYSE: ANF) released its first quarter results before market open on Wednesday, reporting an earnings loss of $0.29 per share on revenue of $734 million. The company also experienced weaker-than-expected same-store sales growth, which caused shares to tank by 24%. The retailer closed selected stores in Hong Kong, Copenhagen, Milan, Fukuoka, and New York City. Uber Technologies, Inc. (NYSE: UBER) on Thursday reported its first financial results since launching its IPO. Uber’s shares rose by 0.4% during Thursday’s extended trading hours after reporting net losses of $1 billion on revenue of $3.1 billion, in-line with expectations. During the quarter, the company witnessed its monthly active platform consumers increase by 33% year-over-year to 93 million. Similarly, trips increased by 36% to 1.55 billion compared to the same period a year ago. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 3219 FinancialBuzzMedia
LIVE - Floor of the NYSE! Mar. 29, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday investors digested the news that special counsel Robert Mueller found no collusion between the Trump campaign and Russia with respect to influencing the 2016 Presidential election. Oil surged 1.9% to $59.94 a barrel when Russia reiterated its commitment to cutting output and ten-year Treasuries finished at 2.42%. Energy stocks did well but broader markets didn’t move much. On Tuesday housing starts for February fell 8.7% to an annualized 1.162 million units and the Case-Shiller home price index for January rose .1%. Consumer confidence for March fell unexpectedly by 7.3 points to 124.1. Markets rallied with the Dow Industrials finishing up 140 points. On Wednesday the EIA petroleum status report for the week ending March 22nd saw crude oil inventory increase 2.8 million barrels and the trade deficit for January was lower than expected at $51.1 billion. Traders bought bonds on concerns over a slowdown in global growth, pushing ten-year Treasuries’ yield down to 2.37%, and markets fell with the S&P 500 finishing .5% lower. On Thursday the final revision of the fourth quarter GDP came in at 2.2%, meeting expectations, and jobless claims for the week ending March 23rd fell 5,000 to 211,000. The pending home sales index for February fell 1% compared to the prior month’s 4.3% gain. Markets gained modestly as trade talks with China continued, however, markets were also skittish as the yield curve for 10 year and 3 month Treasuries remained inverted. An inverted yield curve is traditionally considered a strong indicator that a recession is about to happen. On Friday partial data for personal income and consumer spending for January and February was released as the government tries to catch up after the recent shutdown. Personal income in February rose .2%, while for January, consumer spending rose .1% while the PCE price index declined .1%. Markets opened higher on renewed trade optimism amid reports that China is offering fresh new concessions. Now let’s take a look at some stocks. Apple Inc. (NASDAQ: AAPL) announced a series of new products and service offerings on Monday at its Keynote event, notably introducing its new Apple Card, Apple News+, and Apple TV+. Apple Card is a credit card that is built into the Apple Pay app, charging users less fees and interest. Apple News+ and AppleTV+ are both subscription based services that offer customers a variety of content, including The Wall Street Journal, Bon Appétit, GQ, National Geographic, Sports Illustrated, Time, HBO, Showtime and Starz. Apple shares gained 1.5% leading into the event. Cronos Group Inc. (NASDAQ: CRON) reported its fourth quarter financial results before market open on Tuesday with shares falling as much as 7.4% on weaker than expected results. The cannabis company saw an earnings loss of CAD 6 cents per share on revenue of CAD 5.6 million. Both top and bottom lines were lower than analysts’ expectations. However, Cronos did experience net revenue growth of 284% year-over-year. Carnival Corporation (NYSE: CCL) reported its first quarter financial results on Tuesday’s pre-market hours and beat estimates. However, the company provided a weaker guidance, which sent shares lower by 9.2% throughout the day. The Carnival earned 49 cents per share on revenue of $4.6 billion. WellCare Health Plans, Inc. (NYSE: WCG) shares shot up 12.8% on Wednesday after the company reached an agreement to be acquired by Centene Corporation (NYSE: CNC) in a cash-and-stock transaction valued at approximately $17.3 billion or $305 per share. The combined company will serve a total of 22 million members across the U.S. Lululemon Athletica Inc. (NASDAQ: LULU) announced its fourth quarter results during extended trading hours on Thursday and surpassed estimates, sending shares 15.6% higher on Friday morning. The company earned $1.85 per share on revenue of $1.17 billion. Analysts had projected earnings of $1.74 per share, on revenue of $1.15 billion. Comparable sales rose by 16%, which fell in-line with estimates. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 6629 FinancialBuzzMedia
LIVE - Floor of the NYSE! Apr. 26, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday existing home sales for March declined 4.9% to an annualized 5.21 million units and U.S. crude surged 2.7% to $65.70 a barrel after the Trump administration decided to revoke special waivers allowing some countries to purchase Iranian oil. On Tuesday, new home sales for March rose 4.5% to an annualized 692,000 units, stronger than expected. Earnings season is in full swing and some better than expected results pushed the S&P 500 and Nasdaq Composite to close at record highs. On Wednesday the EIA petroleum status report for the week ending April 19th saw crude oil inventory rise 5.5 million barrels. Ten-year Treasuries yielded 2.52% falling on concerns of a global slowdown as German business sentiment declined in April as well as news that China might slow stimulus in favor of structural changes to its economy. On Thursday durable goods orders for March rose an unexpectedly strong 2.7% compared to the prior month’s 1.1% decline and jobless claims for the week ending April 20th surged 37,000 to 230,000, probably a statistical anomaly caused by the Easter holiday. On Friday the first estimate of the first quarter GDP came in at 3.2%, much stronger than estimates, and consumer spending grew 1.2%. Despite the good news, markets opened flat after some mixed earnings reports disappointed. Now let’s take a look at some stocks. Twitter, Inc. (NYSE: TWTR) reported its first quarter financials before market open on Tuesday, with earnings of 37 cents per share on revenue of $787 million. Analysts projected earnings of 15 cents. Twitter’s advertising revenue was $679 million, increasing 18% year-over-year and average monetizable daily active users (DAU) were 134 million for the first quarter, up from 120 million the same period last year. Shares soared by over 12% on the news. Snap Inc. (NYSE: SNAP) shares slipped on Wednesday morning after the company released its quarterly results during Tuesday’s after-market hours. Snap surpassed earnings estimates, however, shares tumbled by 4.5%. For the first quarter, Snap reported a loss of 10 cents per share on revenue of $320 million, however, analysts had estimated an earnings loss of 12 cents on revenue of $307 million. Daily active users were 190 million, up 4 million from the previous quarter, however, down 1 million from a year ago. Shares fell 4.5% on the news. Facebook, Inc. (NASDAQ: FB) reported its first quarter results after the market close on Wednesday. The social media giant narrowly surpassed analysts’ estimates, which sent shares higher by as much as 9%. Earnings came in at 85 cents per share on revenue of $15.1 billion and daily active users grew by 8% year-over-year to 1.56 billion. The company also disclosed it may be facing between $3-5 billion in fines from the Federal Trade Commission. 3M Company (NYSE: MMM) reported its first quarter results before market open on Thursday, with earnings coming in at $2.23 per share on revenue of almost $7.9 billion. The Company missed its quarterly estimates for both revenue and earnings, which sent shares plunging by 10%. Earnings were heavily impacted due to a litigation charge of approximately $548 billion or 72 cents per share. 3M expects to reduce its workforce by 2,000 positions worldwide. Amazon.com, Inc. (NASDAQ: AMZN) reported its first quarter financial results after market close on Thursday. The e-commerce giant smashed earnings estimates, however, revenue fell in-line with estimates, causing shares to rise by 1.5% during extended trading hours. For the first quarter, Amazon reported earnings of $7.09 per share on revenue of $59.7 billion, with revenue growing 17% year-over-year. International revenues declined by 9%. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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LIVE - Floor of the NYSE! May. 10, 2019 Financial News - Business News - Stock News - Market News
 
04:27
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday there wasn’t much economic news, however, a day earlier President Trump felt that progress on the China trade talks was moving too slowly and he issued tweets stating that tariffs on Chinese goods will go up on Friday. This unnerved investors and markets sold off heavily with the Dow Industrials down as much as 471 points, however, in the afternoon it recovered most of its losses to close down only 66 points. On Tuesday the JOLTS job openings report for March saw a surge of 4.8% to 7.488 million jobs and U.S. Trade Representative Robert Lighthizer said that the U.S. will increase tariffs on Chinese imports on Friday. Even though trade negotiations were scheduled to continue in Washington on Thursday, Lighthizer’s statement dashed investors’ hopes and markets sold off with the Dow Industrials closing down 473 points. On Wednesday the EIA petroleum status report for the week ending May 5th saw crude oil inventory decline 4 million barrels, and market volatility continued over concerns with trade. Markets ended mostly unchanged. On Thursday jobless claims for the week ending May 4th declined 2,000 to 228,000 and the producer price index for April increased .2% on top of the prior month’s .6% gain. The yield on three month and ten year Treasuries briefly inverted and West Texas Intermediate crude drifted down to close at $61.57 a barrel. Markets continued falling with the Dow Industrials ending 138 points lower. On Friday the consumer price index for April saw prices rise .3% on top of the prior month’s .4% gain. Markets sank sharply at the open as tariffs on $200 billion worth of Chinese products increased from 10% to 25%. Now let’s take a look at some stocks. Lyft, Inc. (NASDAQ: LYFT) reported its quarterly results after the market close on Tuesday posting better-than-expected revenue of $776 million with a net loss of $9.02 per share. However, the company’s large net losses caused its shares to tumble by 3.4% on Wednesday morning. Lyft’s aggressive push into the ride-sharing market resulted in stronger growth in its users. The Company reported that active riders grew by 46% year-over-year to 20.5 million. Revenue per active rider rose by 34% to $37.86. Roku, Inc. (NASDAQ: ROKU) announced its first quarter results after market close on Wednesday. The Company surpassed analysts’ estimates and provided a better-than-expected outlook, sending shares surging by 22% on Thursday morning. Roku reported an earnings loss of $0.09 per share on revenue of $206 million. Roku’s stronger-than-expected quarter was driven by growth in its active accounts and streaming hours, with active accounts growing by 40% to 29.1 million, and streaming hours skyrocketing by 74% to 8.9 billion hours. Stamps.com Inc. (NASDAQ: STMP) reported its first quarter results during Thursday’s extended trading hours. The Company slashed its guidance outlook, which caused shares to crater over 54% after the opening bell on Thursday. Stamps reported earnings of $0.87 per share on revenues of $136 million, noting that the Company is expected to take a hit due to contract changes with its partners as well as the ending of its partnership with the United States Postal Service. Tapestry, Inc. (NYSE: TPR) announced its third quarter results before market open on Thursday with better than expected earnings causing shares to soar by 12% during pre-market hours. The company earned $0.42 per share on revenue of $1.3 billion, and its Coach stores’ comparable store sales increased by 1%. Its Kate Spade segment saw its comparable store sales decline by 3%. The Trade Desk, Inc. (NASDAQ: TTD) reported its first quarter results and despite stronger-than-expected numbers, the company saw its shares plunge by 17% shortly after the opening bell. Trade Desk reported earnings of $0.49 per share on revenue of $121 million. The company continued to see spending on its Omnichannel grow during the quarter and mobile devices contributed 45% of gross spending for the quarter, highlighting the growing scale and importance of the channel to advertisers. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 3765 FinancialBuzzMedia
LIVE - Floor of the NYSE! Mar. 8, 2019 Financial News - Business News - Stock News - Market News
 
04:03
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday motor vehicle sales for February declined 12% to an annualized 16.5 million units and construction spending for December fell an unexpectedly sharp .6%. Markets started falling on the news and ended the day modestly lower. On Tuesday new home sales for December jumped 3.7% to an annualized 621,000 units and the ISM non-manufacturing index for February rose 3 points to 59.7. The dollar rallied for a fifth day and 10-year Treasuries yielded 2.72%. Markets overall declined slightly, despite some unexpectedly good earnings from major retailers. On Wednesday the ADP employment report for February estimated that private payroll growth will rise 183,000, in line with expectations. The EIA petroleum status report for the week ending March 1st saw crude oil inventories increase 7.1 million barrels and the U.S. trade deficit in December jumped to a 10-year high of $59.8 billion. Markets closed slightly lower as investors waited for more definitive news about the economy and trade negotiations with China. On Thursday jobless claims for the week ending March 2nd fell 3,000 to 223,000 and nonfarm productivity for the fourth quarter rose a stronger than expected 1.9% and unit labor costs rose 2%. The Challenger job-cut report for February saw announced layoffs total 76,835. The European Central Bank announced it will add new stimulus as a reaction to a slowing global economy and U.S. markets proceeded to fall on the news. The Dow Industrials ended the day 200 points lower. On Friday nonfarm payrolls for February rose an anemic 20,000, way lower than expectations, unemployment dropped to 3.8%, and average hourly earnings rose .4%. Markets opened sharply lower on fears of a global slowdown. Now let’s take a look at some stocks. Chinese electric vehicle manufacturer, NIO Inc. (NYSE: NIO) reported its fourth quarter financial results after market close on Tuesday. The company topped revenue estimates, but reported losing RMB 3.37 per share on revenue of RMB 3.4 billion. The loss was greater than expected, sending shares 16% lower on Wednesday morning. Dollar Tree, Inc. (NASDAQ: DLTR) reported its fourth quarter financial results before market open on Wednesday, sending shares higher by 5.7% throughout the day. The discount savings retailer reported earnings of $1.93 per share on revenue of $6.2 billion, surpassing analysts’ earnings expectations by 4 cents a share. Abercrombie & Fitch Co. (NYSE: ANF) reported its fourth quarter financial results on Wednesday morning and surpassed both top and bottom-line estimates, with earnings of $1.35 a share on net sales of $1.15 billion. The better-than-expected results sent Abercrombie’s shares surging over 17% shortly after the opening bell. The Kroger Co. (NYSE: KR) reported its fourth quarter financial results on Thursday during pre-market hours and missed estimates, causing shares to plunge by as much as 12%. For the quarter, Kroger reported earnings of 48 cents per share on revenue of a little over $28 billion. Digital sales grew by 58% and also the company expanded its pickup and delivery to reach 91% of its customer’s households. Costco Wholesale Corporation (NASDAQ: COST) reported its second quarter financial results after market close on Thursday. The wholesaler reported better-than-expected earnings but missed revenue estimates. Despite the revenue miss, shares gained 4% during aftermarket hours. For the quarter, Costco reported earnings of $2.01 per share on revenue of $35.4 billion. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 7069 FinancialBuzzMedia
LIVE - Floor of the NYSE! Apr. 18, 2019 Financial News - Business News - Stock News - Market News
 
04:08
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 This week was shortened due to stock markets closing Friday for Good Friday. On Monday the Empire State manufacturing survey came in at 10.1, compared to the prior month’s 3.7. Markets fell on disappointing earnings from banks and airlines continued to suffer from the grounding of Boeing’s 737 MAX planes. Treasury Secretary Steven Mnuchin said that the U.S. and China were nearing the final round of trade negotiations. On Tuesday industrial production for March fell .1% compared to the prior month’s .1% gain and the housing market index for April rose 1 point to 63. Health care stocks declined as proposed government legislation created uncertainty, however, broader markets rose slightly. On Wednesday the trade deficit for February came in at $49.4 billion, declining $1.7 billion from the prior month and the EIA petroleum status report for the week ending April 12th saw crude oil inventory decline 1.4 million barrels. The Federal Reserve released its Beige Book, which reports economic conditions, and describes consumer spending as mixed to sluggish, employment as still growing and also notes that tight labor is continuing to put moderate pressure on wages. Health care stocks continued to decline on fears of government regulation and China’s economy, industrial production, and retail sales all grew better than expected. Markets ended the day slightly lower. On Thursday jobless claims for the week ending April 13th declined 5,000 to 192,000, its lowest level since 1969, and retail sales for March increased a stronger-than-expected 1.6% compared to the prior month’s .2% decline. Markets opened higher on the news, but the health care sector continued exerting downward pressure on markets. Now let’s take a look at some stocks. Aphria Inc. (NYSE: APHA) shares plunged by 13% on Monday morning after reporting its third quarter results. The cannabis-based company saw losses widening to CAD 43 cents per share, however, revenue surged 617% year-over-year to CAD 73.6 million. Kilograms sold fell to 2,636 from 3,408, while the average retail selling price for medical cannabis increased to CAD 8.03 per gram from 7.51 per gram. Lyft Inc. (NASDAQ: LYFT) shares edged lower by 4.4% on Monday morning after the ride-hailing service company pulled thousands of electric bikes from several cities. Lyft removed bikes in New York, Washington, and San Francisco because of a braking problem. The company is trying to replace about 3,000 of the problematic bikes with traditional bikes to prevent service interruptions. The Company operates about 17,000 traditional bikes in those cities. QUALCOMM Incorporated (NASDAQ: QCOM) shares surged by almost 42% late Tuesday into Wednesday’s open after the company and Apple agreed to dismiss all litigation between the two. Both companies also reached a six-year license agreement, effective April 1st, 2019, including a two-year option to extend, and a multiyear chipset supply agreement. IBM (NYSE: IBM) reported its first quarter results after the market close on Tuesday, coming in with earnings of $2.25 per share on revenue of a little over $18 billion. Earnings didn’t disappoint, however, revenue was lower than expected which caused shares to fall by 4%. IBM reiterated its full-year earnings guidance of $13.90 per share. Netflix, Inc. (NASDAQ: NFLX) reported its first quarter results after market close on Tuesday, with the streaming giant earning 76 cents per share on revenue of $4.5 billion. The company saw its revenue increase 22% year-over-year, while domestic paid subscriber additions was 1.7 million for the quarter and international paid subscriber additions was almost 7.9 million. Netflix also provided a lower guidance, causing shares to fall by 1% on Wednesday. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 5876 FinancialBuzzMedia
LIVE - Floor of the NYSE! Jan. 4, 2019 Financial News - Business News - Stock News - Market News
 
04:02
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 Monday was the last trading day of 2018 and even though markets posted solid gains for the day, the S&P 500 ended the year down 6.2% and the Dow Industrials ended the year down 5.6%, their biggest annual losses since 2008. West Texas Intermediate crude finished at $45.41 a barrel and the yield on 10-year Treasuries fell slightly to 2.68%. On Tuesday markets were closed for the New Year’s holiday and on Wednesday the PMI manufacturing index for December declined 1.5 points to 53.8, a 15 month low. In addition, China’s Markit PMI manufacturing index showed the Chinese economy contracting for the first time in 19 months. This prompted a market selloff with the Dow Industrials declining almost 400 points, however, by the end of the day markets recovered and closed slightly higher. On Thursday the ADP employment report saw private payroll grow 271,000, much higher than expected and jobless claims for the week ending December 29th rose 10,000 to 231,000. The ISM manufacturing index for December fell 5.2 points to 54.1, its lowest level since 2008. A pessimistic revenue warning issued by Apple the prior evening spooked markets and the Dow Industrials closed 660 points lower while the Nasdaq Composite lost 3%. Ten-year Treasuries fell on the news to yield 2.56%. On Friday nonfarm payrolls for December came in at 312,000, much higher than expectations and the unemployment rate rose .2% to 3.9%. Average hourly earnings rose .4%. In addition Fed Chair Jay Powell also reassured investors by stating the Fed will monitor economic numbers and adjust policy as necessary if the economy slows. Markets soared at the open on the news. Now let’s take a look at some stocks. Tesla, Inc. (NASDAQ: TSLA) shares fell by over 8% on Wednesday morning after the electric automaker reported on Tuesday less than expected Model 3 deliveries in the fourth quarter. Tesla delivered 63,150 Model 3s in the quarter, lower than estimates of 64,900. Tesla shares fell below $300 on Thursday. Apple Inc. (NASDAQ: AAPL) shares plummeted on Wednesday during after-hours when Chief Executive Officer Tim Cook slashed the Company’s first quarter revenue guidance. Trading was halted briefly after shares fell as much as 9%. Cook said in the letter to investors that Apple now expects revenue of approximately $84 billion compared to its previous guidance of $89-93 billion. Cook also said the lowered revenue expectations are primarily due to economic weakness in greater China. Celgene Corporation (NASDAQ: CELG) shares skyrocketed 26% on Thursday after Bristol-Myers Squibb Company announced that it will acquire the biotechnology company in a transaction valued at approximately $74 billion. Bristol-Myers is expected to own approximately 69% of Celgene, while Celgene maintains the remaining 31%. Delta Air Lines, Inc. (NYSE: DAL) shares slipped by 10% on Thursday after the Company forecast slightly lower revenue growth in its December update. The airline projects total unit revenue to rise about 3%, compared to its previous forecast of 3.5%, while total revenue is expected to increase by approximately 7% year over year. General Motors Company (NYSE: GM) shares fell by 3.2% on Thursday after the automaker reported its 2018 vehicle delivery results. The company reported that fourth-quarter sales fell by 2.7%, with declines across its Chevrolet, Cadillac and Buick brands. As for the full year, General Motors reported total vehicle deliveries of 2.95 million, which fell by 1.6% year over year. The weaker than expected deliveries was driven by declines among the Company’s popular models. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 8178 FinancialBuzzMedia
LIVE - Floor of the NYSE! Jan. 18, 2019 Financial News - Business News - Stock News - Market News
 
03:52
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday lower than expected numbers for China’s December exports stoked investors’ fears over a global slowdown. Markets opened lower and never recovered with the Dow Industrials losing 86 points. On Tuesday the producer price index for December fell .2% and the Empire State manufacturing survey came in at 3.9 compared to its previous level of 11.5. This was much lower than expectations. Markets reacted with disappointment when U.K. politicians voted against Brexit plans of U.K. Prime Minister Theresa May, however, markets liked news that China increased stimulus to juice their economy. The Dow Industrials ended the day 155 points higher. On Wednesday import prices for December fell 1%, mostly due to cheaper oil, and export prices fell .6%. The housing market index for January rose 2 points to 58 which was higher than expectations, and the EIA petroleum status report for the week ending January 11th showed crude oil inventories fell by 2.7 million barrels. The Fed released their Beige Book for December and January and they described retail sales as growing modestly, which was disappointing for a holiday season. Wage growth was described as flat. Markets closed higher, especially financial stocks, on strong earnings by Goldman Sachs. On Thursday jobless claims for the week ending January 12th saw claims fall 3,000 to 213,000. Markets rallied on news that the Trump administration is considering reducing some tariffs on Chinese imports to help calm markets and resolve the trade dispute. Ten year Treasuries yielded 2.74% and U.S. crude finished at $52.32 a barrel. On Friday manufacturing output for December rose a much higher than expected 1.1% and China reportedly offered to dramatically increase imports of U.S. goods. Markets opened very strong on the news. Now let’s take a look at some stocks. PG&E Corporation (NYSE: PCG) announced on Monday it will prepare to file for bankruptcy after facing billions of dollars in claims over California wildfires. PG&E shares plummeted by 50% during Monday’s pre-market hours. The company said it intends to file its Chapter 11 legal paperwork this January 29th. Canopy Growth Corporation (NYSE: CGC) announced on Monday that it was granted a license by New York State to produce and process hemp. Canopy is planning to invest between $100 and $150 million in its New York operations. Canopy Growth shares jumped by 11% following the announcement. Snap Inc. (NYSE: SNAP) shares slipped by 7.5% during Tuesday’s pre-market hours after CFO Tim Stone resigned from the company after serving for less than a year. Along with Stone’s departure, Snap said in the filings that it expects revenue and adjusted EBITDA to be “slightly favorable” to the top end of its previous guidance. Bank of America Corporation (NYSE: BAC) shares rose by as much as 8% on Wednesday after reporting a record quarterly profit. For the fourth quarter, the bank reported earnings of 73 cents per share on revenue of $22.7 billion. Analysts expected earnings of 63 cents on revenue of $22.4 Billion. The bank’s quarterly profit was $7.3 billion, up 208% year over year. Netflix, Inc. (NASDAQ: NFLX) reported its fourth quarter financial results that beat subscriber growth and earnings, but missed revenue. The company reported that it added 8.8 million new paying subscribers in the quarter with earnings per share of 30 cents on revenue of $4.19 billion. Analysts forecasted earnings of 24 cents per share. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 4374 FinancialBuzzMedia
LIVE - Floor of the NYSE! Apr. 5, 2019 Financial News - Business News - Stock News - Market News
 
04:16
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday retail sales for February fell .2% compared to the prior month’s .7% gain. The PMI manufacturing index for March fell .6 point to 52.4 and the ISM manufacturing index for March rose 1.1 points to 55.3. Construction spending for February rose 1%. Markets rose sharply on the strong manufacturing data released both here and in China with the Dow Industrials finishing 329 points higher. On Tuesday durable goods orders for February declined 1.6%, compared to the prior month’s .1% gain. Markets lost ground after some disappointing earnings from Walgreens. On Wednesday the ADP employment report for March saw gains of 129,000, while the ISM non-manufacturing index for March fell 3.6 points to 56.1. The EIA petroleum status report for the week ending March 29th saw crude oil inventory increase 7.2 million barrels. Markets rose slightly on reports that U.S.-China trade talks have made progress and most major conflicts have been resolved. On Thursday jobless claims for the week ending March 30th fell 10,000 to 202,000, lower than expected. Stocks continued to rise, the dollar gained strength, and 10-year Treasuries yielded 2.52%. On Friday nonfarm payrolls for March rebounded after a dismal February coming in at 196,000, higher than expectations, unemployment remained the same at 3.8% and average hourly earnings rose a tame .1%. Markets opened higher on the news. Now let’s take a look at some stocks. Walgreens Boots Alliance, Inc. (NASDAQ: WBA) reported its second quarter financial results on Tuesday before market open. Walgreens missed analysts’ estimates, sending shares 10% lower. The company reported earnings of $1.64 per share on revenue of $34.5 billion, 8 cents per share lower than expectations. In addition, same-store sales dropped by 3.8% in the U.S. Walgreens now expects its 2019 earnings to be roughly flat, compared to its previous growth of 7-12%. GameStop Corp. (NYSE: GME) reported its fourth quarter financial results after the market close on Tuesday, with shares plummeting over 12% after missing estimates. Additionally, GameStop said it would not provide any annual earnings guidance. The company earned $1.45 per share on revenue of $3.1 billion, with earnings falling short of expectations by 13 cents per share. GameStop saw its total global sales fall by 7.6% year-over-year, however, comparable store sales rose by 1.4%. For fiscal 2019, GameStop is expecting total sales to decline between 5-10%. Delta Air Lines (NYSE: DAL) shares rose by 7% on Tuesday after the airline renewed its partnership with American Express (NYSE: AXP) for its Delta SkyMiles credit card. The partnership will continue until the end of 2029, and is expected to be contribute an additional $7 billion of revenue to Delta by 2023. Delta reported that in 2018 it added 1 million new cardholders, while card spending increased by double digits. Tesla, Inc. (NASDAQ: TSLA) shares plunged by 10% on Wednesday after the electric vehicle manufacturer reported disappointing delivery numbers. Tesla announced that it delivered 63,000 vehicles in the quarter, which is a 110% increase year-over-year, but a 31% decline sequentially. Analysts had expected Tesla to deliver 76,000 vehicles in the quarter. Office Depot, Inc. (NASDAQ: ODP) issued a warning for its preliminary financial results for its first quarter. The disappointing guidance sent shares tumbling over 23% on Thursday. The office and school supply retailer expects revenue of approximately $2.8 billion and adjusted operating income of $65 million. Office Depot said the lower than expected operating performance is due to its CompuCom division experiencing lower than expected revenue from its existing customers. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 7577 FinancialBuzzMedia
September 23, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:51
September 23, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday the survey of home builder’s confidence for September was up 6 points to 65, its best reading in eleven months. Anything above 50 is considered positive. On Tuesday, housing starts for August fell 5.4% to an annualized 1.142 million units, and housing permits fell .4% to 1.139 million units. On Wednesday, the highly anticipated Federal Reserve meeting took place and the end result was that interest rates remained unchanged. This meeting was a bit more divisive than usual, with three of the ten voting members actually wanting to raise rates. However, the majority decided to wait for further evidence of continued progress towards job growth and inflation targets, before raising rates. The Fed also reduced its full year GDP estimate from 2% to 1.8%, and reduced its inflation estimate from 1.4% to 1.3%. Also, some Fed observers noted the reappearance of the phrase stating that economic risks are roughly balanced, which was the same wording used just before last December’s rate hike. Markets rallied strongly on the news, with the Dow Industrials closing up 163 points, and the NASDAQ closing up 53 points to set a record high. Also, on Wednesday, the EIA petroleum status report for the week ending September 16th showed that crude oil inventory dropped sharply by 6.2 million barrels. U.S. crude rallied 2.4% on the news, to close at $45.34 per barrel. On Thursday, jobless claims for the week ending September 17th fell 8,000 to 252,000 and existing home sales for August fell by .9% to an annualized 5.33 million units. Markets once again rallied with the Dow Industrials closing up 98 points, and the NASDAQ closing up 44 points to set another record high. On Friday, the Flash PMI manufacturing index for September was released and it was at 51.4, down from 52.1 in the prior month and lower than expected. Markets were down modestly on the news. Now let’s take a look at some stocks. Allergan plc (NYSE:AGN) has agreed to acquire Tobira Therapeutics, Inc. (NASDAQ:TBRA) in a deal worth as much as $1.7 billion, in order gain more exposure with liver disease therapies. Allergan will pay upfront $28.35 a share in cash and up to $49.84 a share based on the successful completion of specific milestones. Shares of Tobira jumped more than 700% and reached a 52 week high of $41.39. Shares of Puma Biotechnology Inc. (NYSE:PBYI) surged over 13.5% after the U.S. Food and Drug Administration accepted its new drug application for Neratinib. Neratinib allows doctors to treat HER2 early-stage breast cancer patients who have already received Herceptin. Shares of software giant, Adobe Systems, Inc. (NASDAQ:ADBE) surged over 7% after the company reported a 20% increase in quarterly revenue, marking 10 straight quarters of gains. Analysts had predicted earning of $0.72 per share on revenue of $1.45 billion, however, the company reported $0.75 a share on revenue of $1.46 billion. FedEx Corp. (NYSE:FDX) announced positive first quarter earnings beating analysts’ expectations. The company reported earnings per share of $2.90 on revenues of $14.7 billion, above consensus estimates of $2.81 per share earnings on revenues of $14.6 billion. Shares were up over 6 percent. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 49250 FinancialBuzzMedia
LIVE - Floor of the NYSE! Dec. 21, 2018 Financial News - Business News - Stock News - Market News
 
04:27
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday the Empire State manufacturing survey for December came in slower than expected at 10.9 and the housing market index for December fell four points to 56. Markets fell sharply as investors looked at this data, plus the anticipated Fed rate hike. The Dow Industrials closed 507 points lower. On Tuesday housing starts for November rose 3.2% to an annualized 1.256 million units. Oil plunged with U.S. crude declining over 7% to $46.24 a barrel, however, the Dow Industrials closed up 82 points. On Wednesday existing home sales for November rose 1.9% to an annualized 5.32 million units and the EIA petroleum status report for the week ending December 14th saw crude oil inventory decline by 500,000 barrels. The Federal Reserve concluded their meeting and raised rates, as expected, by .25 point to a range of 2.25 to 2.5%. However, the Fed also signaled they expect fewer rate hikes in 2019 than initially estimated and they also lowered their 2019 GDP forecast by .2% to 2.3%. In addition, the reduction of the Fed balance sheet though bond sales will continue at the same pace. Markets rose early on anticipation of a more dovish Fed, but when expectations weren’t met, markets sold off with the Dow Industrials finishing 351 points lower. On Thursday jobless claims for the week ending December 15th rose 8,000 to 214,000. Markets continued to drop due to fears of the Fed over-tightening and it also didn’t help when President Trump said he would not sign a temporary funding bill to keep the government open. The Dow Industrials ended the day 464 points lower. On Friday durable goods orders for November increased .8% compared to the prior month’s 4.3% decline, and the final estimate for the third quarter GDP was revised down .1% to 3.4%. Personal Income for November increased .2% and spending increased .4%, while the PCE price index increased .1%. At the open, markets rose sharply after some dovish comments by New York Federal Reserve President John Williams. Now let’s take a look at some stocks. Oracle Corporation (NYSE: ORCL) reported its fiscal second quarter results after market close on Monday with earnings per share of 80 cents on revenue of $9.6 billion. Oracle’s stronger than expected quarter was driven by its Cloud Services and License Support revenue, which increased 3% year over year, offsetting declines in its other segments. The company topped estimates in both earnings and revenue, sending its shares 3% higher at the opening bell on Tuesday. Micron Technology, Inc. (NASDAQ: MU) reported its fiscal first quarter results after market close on Tuesday with earnings per share of $2.97 on revenue of $7.91 billion, missing revenue estimates. Micron is seeing weaker demands for its chip throughout the second half of the year. Shares slipped 4.3% on the news. Tilray, Inc.’s (NASDAQ: TLRY) shares edged higher on Wednesday after the company announced entering into a joint venture with AB InBev to study cannabis-based beverages. The partnership is limited to Canada for now and the two companies will invest $50 million each to study non-alcoholic beverages containing THC and CBD. Tilray shares jumped as much as 19% following the announcement during Wednesday’s after hours. General Mills Inc. (NYSE: GIS) reported its financial results on Wednesday surpassing earnings expectations with earnings per share of 85 cents on revenue of $4.41 billion. The company’s stronger than expected results were driven by its Blue Buffalo Pet Products acquisition. Shares surged 6.7% on the news. GlaxoSmithKline plc (NYSE: GSK) and Pfizer Inc. (NYSE: PFE) announced on Wednesday that the two will combine their consumer healthcare business in a multi-billion dollar merger. Glaxo will maintain a 68% equity interest in the combined business. In the future, Glaxo also intends to create two new UK-based global companies focused on pharmaceuticals, vaccines and consumer healthcare. Glaxo shares were trading 5.1% higher after the announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 10819 FinancialBuzzMedia
LIVE - Floor of the NYSE! Mar. 15, 2019 Financial News - Business News - Stock News - Market News
 
04:12
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday retail sales for January increased .2% compared to the prior month's 1.6% decline. Business inventories for December increased .6%. Markets rose on perceived economic strength as well as strength in the tech sector after gains from Apple and Nvidia. The Dow Industrials closed 200 points higher and the Nasdaq composite advanced over 2%. On Tuesday the NFIB small business optimism index rose five-tenths of a point to 101.7, lower than expected. The consumer price index for February rose .2% compared to the prior month’s 0% change. The Dow Industrials was pulled down by Boeing as it struggled with the aftermath of two deadly crashes within six months, however, broader markets gained. Ten year Treasuries yielded 2.6% and U.S. crude finished at $57.37 a barrel. On Wednesday durable goods orders for January rose .4% compared to the prior month’s 1.3% gain, and the producer price index for February gained .1% compared to the prior month’s .1% decline. Construction spending for January rose 1.3% and the EIA petroleum status report for the week ending March 8th saw crude oil inventory decline 3.9 million barrels. Markets had solid gains on the news, with the Dow Industrials finishing up 148 points. On Thursday jobless claims for the week ending March 9th rose 6,000 to 229,000 and import prices for February rose .6% while export prices also rose .6%. New home sales for January fell 6.9% to an annualized 607,000 units. On Friday industrial production for February increased .1% compared to the prior month’s .6% decline. Markets opened mixed, however, volatility is expected due to multiple expirations of futures and options. Now let’s take a look at some stocks. Stitch Fix, Inc. (NASDAQ: SFIX) reported its second quarter financial results after market close on Monday and beat earnings estimates, sending shares surging as high as 30% on Tuesday morning. For the quarter, Stitch Fix reported earnings of 12 cents per share on revenue of $370 million. The company also provided a higher-than-expected third-quarter and full-year guidance. Cloudera, Inc. (NYSE: CLDR) shares plunged by 15% on Thursday morning after providing a disappointing forecast. Cloudera reported its fourth quarter results on Wednesday, disclosing a loss of 45 cents per share on revenue of $144.5 million. Analysts expected an adjusted loss of 11 cents per share on revenue of $121 million. Cloudera said that earnings next quarter won’t improve as much as previously anticipated. MongoDB, Inc. (NASDAQ: MDB) shares soared by over 25% on Thursday after crushing its fourth quarter earnings. For the quarter, MongoDB reported a loss of 17 cents per share on revenue of $85.5 million. Analysts had expected a loss of 38 cents per share on revenue of $74 million. The Company reported that its subscription revenue increased by 73% for the quarter while services revenue grew by 37% year-over-year. Domo, Inc. (NASDAQ: DOMO) reported its fourth quarter financial results after market close on Wednesday and surpassed its estimates, sending shares almost 27% higher at Thursday’s opening. The company reported a loss of 94 cents per share on revenue of $39.4 million, beating analysts’ expected loss of $1.24 per share on revenue of $37.8 million. Adobe Inc. (NASDAQ: ADBE) reported its first quarter financial results after market close on Thursday. Adobe beats on the top and bottom line for the quarter, reporting earnings of $1.71 per share on record quarterly revenue of $2.6 billion. For next quarter, the company expects earnings of $1.77 per share on revenue of $2.6 billion, primarily led by the growth in its digital media and digital experience segments. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 3064 FinancialBuzzMedia
March 27, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
04:11
March 20, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday U.S. stocks closed lower as investors looked ahead to a light week of economic reports and some consolidation in currency and oil prices. Existing home sales bounced 1.2 percent higher, to 4.88 million units, still slightly below forecasts. On Tuesday stocks continued to fall as investors attempted to find clarity on the timing of an interest rate hike, as inflation data came in roughly in line with projections. Consumer price index made a comeback by rising 0.2% in February but was flat year-over-year. New home sales picked up sharply to a 539,000 annual rate, following a big upward revision to January, to 500,000. These are the first two 500,000 readings going all the way back to April and May of 2008. On Wednesday U.S. stocks got crushed, closing more than 1 percent lower as Wall Street bowed to the pressure of the strong dollar and its impact on the economy. Nasdaq lost more than 2 percent; with biotechnology, one of the best performing sectors falling more than 3.5%, marking its biggest one-day plunge this year. The losing streak continued on Thursday as major indices tanked through the trading day, erasing their entire gains for the year so far, and the dollar rallied to a 12-year high against the euro. Initial jobless claims fell to a five-week low, pointing to a healthy and expanding labor market. But stocks failed to shake off the losses and investors weighed the stronger dollar and weaker global economy ahead of the earnings season. On Friday biotechnology sector attempted to break this week’s decline but investors remained cautious. The third estimate for fourth-quarter U.S. GDP came in unchanged at 2.2%. Consumer spending was revised higher to 4.4 percent. Now some company highlights: Hewlett-Packard announced a new partnership to equip its PCs, tablets, and other gadgets with audio technology from a Danish television and sound system maker. Hewlett-Packard will replace the previous partnership with Beats Audio, beginning this spring. It is still unclear to shareholders if the new partnership will have an impact on sales numbers. Kraft Foods and H.J. Heinz, two of the most iconic names in the nation’s kitchens, said on Wednesday they will merge through a $45 billion deal to create one of the world’s biggest food empires. The transaction was engineered by Warren Buffett, with help from the company that owns Heinz, a Brazilian investment firm 3G Capital. The new company, Kraft Heinz, will be home to long-lasting staples of the family meal, with Heinz’s ketchup alongside Kraft’s Jell-O, Kool-Aid, Oscar Mayer, and its namesake macaroni and cheese. Shares of Ford were down 2% on Wednesday after the automaker announced its latest major vehicle recall. The recall affects more than 221,000 recent models of the company’s ambulance, police and emergency vehicles, to fix a defect that causes their engines to spontaneously shut down and refuse to restart. Ford says so far there have been no reports of accidents or injuries due to the issues at hand. March 27, 2015 Weekly Stock Market Wrap-up: Hewlett-Packard (NYSE: HPQ) Kraft Foods and Heinz Co. (NASDAQ: KRFT) Ford Motors (NYSE: F) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 14772 FinancialBuzzMedia
May 22, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:09
May 22, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, no major economic news was released, but both the Dow Industrials and the S&P 500 closed at record highs, bolstered by the apparent reluctance of the Fed to rush to raise interest rates. On Tuesday, another record high close for the Dow, however, it was a small gain and the S&P 500 and NASDAQ were down slightly. Housing starts for April were unexpectedly strong, up 20% and new home permits were up 10%, some of the best numbers seen in the housing sector in over 7 years. The dollar rose more than 1% against the Euro. On Wednesday, the Fed minutes from its last meeting were released, pleasing markets with the fact that the majority of Fed members don’t see a need to raise rates in June. Fed members also considered the weak growth of the first quarter to be an anomaly, due to bad weather, a port strike, and the plunge in oil prices. Markets didn't do much on the news and closed mixed. On Thursday, jobless claims for the week ending May 16th increased by 10,000 to 274,000, the Markit PMI manufacturing flash index declined slightly in May to 53.8, compared to 54.2 in April, and existing home sales for April were down 3.3%, below expectations as analysts were expecting a 1% gain. Despite the mixed economic news, markets closed slightly higher, with the S&P 500 eking out another record high. On Friday, the consumer price index for April rose .1%, in line with expectations. However, the core figures, which excludes foods and energy cost, rose a strong .3%. Markets opened mixed on the news. Now let’s take a look at some stocks. Alibaba Group Holding Limited shares were under pressure early this week before beginning to rally Wednesday after the Chinese e-commerce company was sued by several luxury brands, including Gucci and Yves Saint Laurent, for profiting from sales of counterfeit goods. At the same time, Taiwanese authorities have ordered Alibaba’s online marketplace, Taobao, to halt operations for failing to apply for the proper permits as a mainland Chinese company. Yahoo! Inc. shares tanked at the end of Tuesday following an announcement that the IRS might be changing regulations that will complicate Yahoo’s plan of spinning off their stake in Alibaba. The new regulations might require a minimum size for active businesses inside a spun-off company. eBay’s stock fluctuated erratically on Wednesday after regulators accused eBay’s PayPal business of illegally registering consumers for an online credit product. The Consumer Financial Protection Bureau has ordered the company to pay $25 million in fines. CVS Health Corporation’s stock was up Thursday after news surfaced that CVS will be acquiring Omnicare, a healthcare services company, for nearly $12.7 billion. CVS is attempting to expand their market share among the senior citizen demographic by providing medications that treat chronic conditions. May 22, 2015 Weekly Stock Market Wrap-up: Alibaba Group Holding Ltd(NYSE:BABA) Yahoo! Inc.(NASDAQ:YHOO) eBay Inc(NASDAQ:EBAY) CVS Health Corp(NYSE:CVS) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 11409 FinancialBuzzMedia
June 26, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:42
June 26, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, existing home sales for May jumped 5.1% to 5.35 million units, year-on-year it jumped 9.2%, and prices are rising, up 7.9% year-on-year. In addition, some optimistic news about Greece’s debt situation emerged, and markets rallied, with the Dow Industrials up .58% and NASDAQ closing at a record high. On Tuesday, durable goods orders for May was down 1.8%, weighed heavily by a plunge in aircraft orders. The flash PMI manufacturing index for June came in lower than expected at 53.4 and slightly lower than the previous month’s 53.8, and new home sales for May were up 2.2% to an annual rate of 546,000 units, and this is the highest level in more than seven years. The supply of new homes is dwindling creating a seller’s market. The major indexes closed up slightly higher, however, NASDAQ did close at another record high. On Wednesday, the final revision of the first quarter GDP came in at -.2%., not as bad as originally reported due to consumer spending numbers that were revised upward. Talks with Greece stalled and markets were down sharply. On Thursday, jobless claims for the week ending June 20th were 271,000, only up 3,000 and personal income for May was up .5%, while consumer spending was up a strong .9%. The flash PMI for services was down 2.8% to 54.8, and the weakness surprised economists, while negotiations with Greece remained stalled. Markets closed modestly lower. On Friday, consumer sentiment in June climbed to 96.1, a five-month high, however, concerns over Greece's June-30th debt repayment deadline dominated the news. Markets opened mixed. Now let’s take a look at some stocks. Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) shares spiked down at the start of the trading week after it was announced that Sequential Brands Group will be acquiring the Martha Stewart Empire for $353 million. BlackBerry Ltd (NASDAQ:BBRY) shares plummeted this week following the release of their first quarter earnings, which missed forecasts. BlackBerry reported that revenue fell by 32% to $658 million, which equates to a loss of $0.10 per share; forecasts had BlackBerry at $685 million in revenue, losing only $0.04 per share. Netflix, Inc. (NASDAQ:NFLX) caught some eyes this week after the online video streaming company touched a new 52-week-high of $706.24, after they announced they have received approval for a 7 for 1 split, in order to make shares affordable enough for everyday traders. After hitting the 52-week-high, activist investor, Carl Icahn, announced via Twitter that he has liquidated his entire stake in Netflix, causing the shares to plummet back to under the $700 level. Whole Foods Market, Inc. (NASDAQ:WFM) shares fluctuated erratically on Thursday after New York City’s Department of Consumer Affairs announced that the supermarket chain is being investigated for overpricing prepackaged foods. The investigation is still ongoing and fines have not been issued yet. To be noted, Whole Foods paid $800,000 last year in order to settle a pricing irregularities investigation in the state of California. Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 7151 FinancialBuzzMedia
LIVE - Floor of the NYSE! Oct. 12, 2018 Financial News - Business News - Stock News - Market News
 
04:12
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday there wasn’t much economic news and the U.S. bond market was closed due to the Columbus Day holiday. Markets were mixed as investors remained concerned over rising interest rates, a strong dollar, and rising wages. China lowered reserve requirements for its banks, causing the yuan to drop as the country tries to increase growth in the face of trade uncertainty. On Tuesday, the NFIB Small Business Optimism Index for September fell .9 points to 107.9, retreating slightly from August’s record high. The IMF reduced its global growth projections, partly due to trade tensions between the U.S. and China. Markets gyrated between loss and gain to close mostly mixed. On Wednesday the producer price index for September rose .2% compared to the previous month’s .1% decline. Year-over-year the PPI gained 2.6%. Fears of rising interest rates dragging down corporate earnings sparked an intense selloff, particularly in the tech sector. The Dow Industrials fell 3.2% or 832 points, while the Nasdaq Composite lost 4% and the S&P 500 lost 3.3%. On Thursday the consumer price index for September increased .1% on top of the prior month’s .2% gain, and jobless claims for the week ending October 6th increased 7,000 to 214,000. The EIA petroleum status report for the week ending October 5th saw crude oil inventory increase 6 million barrels. The selloff continued with the Dow Industrials closing down 545 points, the Nasdaq Composite losing 1.3%, and the S&P 500 losing 2.1%. Ten year Treasuries fell 2 basis points to 3.15%, West Texas Intermediate crude fell 3.2% to $70.87 a barrel and gold rose 2.4% to $1,223 an ounce. On Friday import prices for September rose .5% compared to the prior month’s .4% decline and export prices remained unchanged compared to the prior month’s .2% drop. Markets opened strongly higher as tech stocks recovered sharply. Now let’s take a look at some stocks. Sears Holdings Corporation (NASDAQ: SHLD) announced on Tuesday that Alan J. Carr, Managing Member and CEO of Drivetrain, LLC, has joined the Board of Directors. Carr is an investor and advisor leading complex financial restructurings. Shares of Sears reached an all-time low of $0.34 on Thursday. Fastenal Company (NASDAQ: FAST) on Wednesday announced its financial results for its third quarter. Net sales increased $147 million, or 13.0%, year-over-year and operating income improved by 14.8% year-over-year. Fastenal shares reached a low of $50.73 on Thursday. Snap Inc. (NYSE: SNAP) announced on Wednesday, plans to produce its own new original content called Snap Originals. Investors continue to fear Snap’s slowing user growth and revenue. Snap reached an all-time low of $6.46 a share on Thursday. Square, Inc. (NYSE: SQ) announced on Wednesday that Sarah Friar will step down as Chief Financial Officer in order to accept an offer to become Chief Executive Officer of Nextdoor. Square reached a low of $65.00 per share post announcement. Delta Air Lines (NYSE: DAL) reported on Thursday morning its third quarter financial results with adjusted operating revenue of $11.8 billion up $912 million, or 8%, year-over-year. Total adjusted operating expenses increased $1 billion versus a year-ago, with more than half of the increase driven by higher fuel prices. Shares of Delta Airlines rose, reaching a high of $52.60 on Thursday post announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 17639 FinancialBuzzMedia
LIVE - Floor of the NYSE! Dec. 28, 2018 Financial News - Business News - Stock News - Market News
 
03:46
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday U.S. markets closed early in anticipation of Christmas. However, trading was extremely volatile on reports that President Trump is considering how to remove Fed Chair Jerome Powell along with news that Treasury Secretary Steve Mnuchin called leaders of the six largest U.S. banks over the weekend to reassure them. In addition, the Federal Government shut down over the past weekend as Congress couldn’t agree on funding. The Dow Industrials closed down 653 points, the S&P 500 fell 2.7% and the Nasdaq Composite slid 2.2%. On Tuesday, markets were closed for Christmas and on Wednesday the Case-Shiller home price index for October rose .4% on top of the prior month’s .7% gain. Markets rocketed up with the Dow Industrials logging its largest one-day point gain in history, closing up 1086 points. The S&P 500 rose almost 5% and the Nasdaq Composite surged over 5.8%. Retailers did particularly well as data released showed they were having their best holiday season in six years. Energy stocks also spiked as U.S. crude shot up more than 9% to $46.59 a barrel. On Thursday jobless claims for the week ending December 22nd declined 1,000 to 216,000 and consumer confidence for December fell 8.3 points to 128.1, lower than expectations. Trade issues with China continued to simmer with a report stating the U.S. government is considering banning U.S. companies from using telecom equipment made by Chinese firms Huawei and ZTE. Markets were very volatile with the Dow Industrials falling 611 points at its lowest point during the day. However, by the close, markets rallied and the Dow Industrials finished up 260 points. On Friday the pending home sales index for November declined .7% and markets once again opened with high volatility. Now let’s take a look at some stocks. Amazon.com, Inc. (NASDAQ: AMZN) announced Wednesday morning a record-breaking holiday season, with more items ordered worldwide than ever before. Customers purchased millions more Amazon Devices this holiday season compared to last year – the best-selling devices included the new Echo Dot, and the Fire TV Stick 4K with the new Alexa Voice Remote. Amazon shares opened higher Wednesday, and reached over $1470 before the market close. Sikorsky, a Lockheed Martin company (NYSE: LMT), and Boeing (NYSE: BA) on Wednesday provided the first look at the SB 1 DEFIANT helicopter that the companies have developed for the U.S. Army's Joint Multi-Role technology demonstrator program. The SB 1 is designed to fly at twice the speed and range of today's conventional helicopters and offers advanced agility and maneuverability. PQ Group Holdings Inc. (NYSE: PQG) announced Thursday, that by December 31, 2018, it intends to repay an additional $55 million of its term loan facility, reducing total debt outstanding during 2018 by approximately $135 million. Shares of PQ Group rose to over $15 post announcement. Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk has announced this week via Twitter, ambitious plans regarding the expansion of the supercharger network in Europe. "Supercharger coverage will extend to 100% of Europe next year. From Ireland to Kiev, from Norway to Turkey," Musk said. Thinking long term, Musk also said that Tesla may install superchargers in Africa in 2020. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 9616 FinancialBuzzMedia
August 26, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:41
August 26, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday trading volume was extremely light and there wasn’t much economic data, however, U.S. crude dropped 3% to $47.05 a barrel and 10 year Treasuries yielded 1.54%, as investors basically waited for Janet Yellen’s speech on Friday. On Tuesday, the PMI manufacturing flash for August slowed by 8 tenths of a point to 52.1 and new home sales for July were up 12.4% to an annualized 654,000 units. This is the highest level of new home sales in almost 9 years. On Wednesday, existing home sales for July fell 3.2% to an annualized 5.39 million units and the EIA petroleum status report for the week ending August 19th showed a decline in crude oil inventories of 2.5 million barrels. On Thursday, jobless claims for the week ending August 20th fell 1,000 to 261,000 and durable goods orders for July were up 4.4%, compared to the prior month’s 4.2% decline. Market trading volume was low, and volatility was low, with the VIX remaining below 15 for 36 days, the longest since 2014. On Friday, the second estimate of the second quarter GDP was revised down .1% to 1.1%. The much anticipated speech by Fed Chair Janet Yellen revealed that the Federal Reserve believes that the case for an increase in the federal funds rate has strengthened, however, traders were already expecting this. Markets were up modestly on the news. Now let’s take a look at some stocks Shares of technology retailer Best Buy (NYSE: BBY) jumped 16% after the company released their quarterly earnings and impressed with better than expected sales. Best Buy pulled in $8.5 billion in revenue, about the same as last year, but shareholders were particularly happy with the company’s online sales, which jumped 24% in the latest quarter. That marked the second straight quarter with online growth above 20%. Shares of Tesla (NASDAQ: TSLA) spiked Tuesday after the electric car maker announced new versions of the Model S and the Model X which will achieve longer ranges. The Model S P100D, includes a 100 kWh battery with an estimated 315 mile range. The Model X P100D also has a special mode which enables the car to go from 0 to 60 miles per hour in 2.9 seconds. Shares of Tableau Software (NYSE: DATA) jumped about 10% Tuesday, as the data visualization company announced that a new CEO will be in charge and the original founders will give up day to day control. The new executive officer is Adam Selipsky, an 11-year veteran of Amazon most recently as VP of Marketing, Sales, and Support for Amazon (NASDAQ: AMZN) Web Services. Lannett Company’s (NYSE: LCI) stock jumped 15% after the generic-drug maker reported financial results for its fiscal 2016 fourth quarter and full year ending June 30. Lanett’s sales jumped 70% year over year thanks to the acquisition of Kremers Urban Pharmaceuticals. Tiffany & Co. (NYSE: TIF) reported its second quarter financial results ending July 31st, on Thursday. Sales missed analysts’ estimates, however, profits unexpectedly rose. The rise in profit was due to a recent drop in raw materials’ prices and lower selling and administrative costs. Shares of the company surged more than 7%. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 37317 FinancialBuzzMedia
February 20, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:28
February 20, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 U.S. stocks closed up on Tuesday at record highs despite the lack of resolution in the Greece and EU standoff. Markets moved higher in the afternoon on reports of Greece intending to ask for a bailout extension. On Wednesday the minutes from FOMC January meeting showed the Fed remains “patient,” and will likely push back its first interest rate hike to at least the second half of this year, for fear of damaging the economy. Housing is not adding to the economic momentum with housing starts declined 2 percent in January, on weakness in the single-family component. Energy prices continue to weigh on inflation, with the latest report on producer prices showing prices fell 0.8%. But U.S. stocks didn’t go anywhere as the markets closed nearly flat. On Thursday, the major indices were little changed for a second day, though the Dow did drop below 18,000 as American Express (NYSE: AXP) and Wal-Mart (NYSE: WMT) led blue chip losses. In Europe, Germany rejected an application from Greece for a six-month loan extension. Initial jobless claims came in at 283,000; the latest Philadelphia Fed index showed manufacturing report at its lowest reading since February last year. On Friday U.S. stocks traded lower ahead of an announcement on Greece debt talks with EU finance ministers. PMI Manufacturing flash was at 54.3, the highest reading since November February 20, 2015 Weekly Stock Market Wrap-up: Wal-Mart (NYSE: WMT) Zillow (NASDAQ: Z) Trulia (NYSE: OWW). Priceline (NASDAQ: PCLN), Orbitz (NYSE: OWW) T-Mobile (NYSE: PCS), Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 10959 FinancialBuzzMedia
December 4, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:48
December 4, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, pending home sales for October rose by just .2%, breaking two straight months of declines, but economists were expecting a 1% rebound. On Tuesday, motor vehicle sales for November were strong, coming in at an annualized 18.2 million units, the same as the prior month. The ISM manufacturing index for November was below expectations at 48.6, in contraction territory, and its lowest reading since June 2009. On Wednesday, the ADP employment report for November showed a gain of 217,000 private sector jobs, compared to the prior month’s 196,000. Nonfarm productivity for the third quarter was up 2.2%, on top of the prior month’s 1.6% increase, and unit labor costs were up 1.8%, on top of the prior month’s 1.8% rise. The Fed’s Beige Book report said that most regions of the U.S. continued to expand, as employers started to experience upward pressure on wages due to a tightening job market. Fed Chair Janet Yellen also gave a speech implying that the time for raising rates may be very near. Markets ended the day down, with the Dow Industrials losing 158 points. On Thursday, jobless claims for the week ending November 28th were up 9,000 to 269,000, and factory orders for October increased 1.5% compared to the prior month’s 1% decline. Markets closed down sharply, with the Dow Industrials losing 252 points. On Friday, nonfarm payrolls for November were 211,000, stronger than expected, and average hourly earnings were up .2%. The unemployment rate held steady at 5%. Now let’s take a look at some stocks. American Eagle Outfitters (NYSE:AEO) reported mixed earnings Wednesday, and shares of the clothing retailer jumped almost 3% in after-hours trading. The company had earnings of 35 cents per share, beating estimates by 1 cent, however, revenue of $919 million was below estimates of $927 million. Avago Technologies Ltd (NASDAQ:AVGO) shares jumped more than 10% after the wireless chip maker reported earnings on Wednesday, showing impressive performance across the board. Revenue grew 16% for the quarter, and profits of $1.49 a share represent an increase of 198% compared to the prior year’s profits of 50 cents a share. Box Inc. (NYSE:BOX) shares tumbled more than 12% Thursday, as earnings showed that the online data storage provider has continued to grow, but also widened its loss due to increased spending on marketing, research and development. Verint Systems Inc. (NASDAQ:VRNT) shares were down 13% Thursday after earnings missed expectations. Shares are down more than 30% year to date. The IT analytics company says that longer customer approval times for big projects and an economic slowdown in emerging markets contributed to the declines. Dyax Corp. (NASDAQ:DYAX) shares were up sharply after the U.S. Federal Trade Commission terminated the proposed waiting period of Dyax’s acquisition by Shire Pharmaceuticals International. Shire will acquire Dyax for $37.30 cash per share, in a deal worth approximately $5.9 billion. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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March 6, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:19
March 6, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the Nasdaq closed above 5,000 for the first time since the dot-com crash in March of 2000, while the Dow Industrials and the S&P 500 hit record highs. The ISM manufacturing index for February dropped to 52.9, the lowest level since January of 2014. Personal income for January increased .3% and personal spending fell .2%. The People’s Bank of China cut benchmark interest rates by .25%, in an attempt to halt deteriorating economic conditions in that country. On Tuesday, motor vehicle sales for February were down, with domestic vehicle sales coming in at 13.1 million, 300,000 units lower than January, and likely due to bad winter weather. On Wednesday, the ADP employment report for February was down 38,000 to 212,000, slightly below expectations. The ISM non-manufacturing index for February was up slightly to 56.9, pointing to continued strength in the services sector. On Thursday, the European Central Bank announced they will begin asset purchases next week of 60 billion euros a month. Jobless claims for the week ending February 28 rose 7,000 to 320,000, higher than expected. On Friday, the highly awaited employment report came out for February and nonfarm payrolls were 295,000 up 56,000 and the unemployment rate down .2% to 5.5%. Market were down on the news, fearing that the Fed will hike rates sooner due to the strong job numbers. Now let’s take a look at some stocks. GoPro, Inc. shares tumbled at the start of this week, closing below $40.00 on Monday, down nearly 5%, after Chinese electronics giant Xiaomi release their Yi Action Camera, a waterproof camera designed to compete with GoPro. Xiaomi’s new camera is currently only available for sale in China and costs only $64, less than half the cost of GoPro’s cheapest camera. Lumber Liquidators Holdings, Inc. stock slid the entire week following a report on CBS’s “60 Minutes” showing Lumber Liquidators’ laminate flooring that is made in China contains formaldehyde in greater amounts than permitted by California standards. Formaldehyde, is a known carcinogen. The company claims these accusations were falsely created by short sellers and intends to fight them. Alibaba Group Holding Limited shares dropped Tuesday after the company came under scrutiny regarding the validity of its sales volume due to “fake” orders placed with the company. At the same time, the Taiwanese government accused the company of violating investment rules by registering through a Singapore-based holding company in order to hide its Chinese ownership. Alcoa Inc., saw their stock down more than 6% Wednesday after analysts at Bank of America lowered their stock rating from “buy” to “neutral” while also cutting their price target from $20 to $17. B of A stated that “worsening aluminum fundamentals” was the reason for the downgrade. March 6, 2015 Weekly Stock Market Wrap-up: GoPro Inc. (NASDAQ:GPRO) Lumber Liquidators Holdings Inc. (NYSE:LL) Alibaba Group Holding Ltd. (NYSE:BABA) Alcoa Inc. (NYSE:AA) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
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August 21, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:40
August 21, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the Empire State manufacturing survey for August surprised everyone with a steep drop to -14.92. This is the weakest level since April 2009. However, the housing market index for August was up one point to 61 and is at a 10 year high. Markets ended the day up modestly. On Tuesday, stocks traded lower upon news that the Shanghai Composite dropped over 6%, prompting concerns that the Chinese government could further devalue the yuan. Housing starts for July were up .2% month to month, and near an eight year high, however, housing permits fell a sharp 16%, pointing to a weaker market for new homes in the coming months. On Wednesday, the Fed released its minutes for last July’s meeting and it showed wide agreement that stronger employment growth and more inflation is needed before raising rates. The consumer price index for July was released and it was up only .1% month-to-month. Concerns over global growth and another fall in oil prices led to markets down sharply with the Dow Industrials losing almost 169 points. On Thursday, jobless claims for the week ending August 15th were up 4,000 to 277,000, considered extremely low, and existing home sales for July was up a stronger than expected 2% to 5.59 million units, which is an 8 year high. Despite the good news, markets plummeted over global concerns with the Dow Industrials down almost 356 points. On Friday, China’s flash manufacturing PMI came in at a 6.5 year low, along with news of a 4.2% selloff on the Shanghai Composite. This rattled U.S. investors and markets opened sharply lower, but then recovered some of their losses. Now let’s take a look at some stocks: Valeant Pharmaceuticals Intl Inc. (NYSE:VRX) shares were down more than 4% at the start of Thursday’s trading after it agreed to acquire U.S. drug manufacturer Sprout Pharmaceuticals for $1 billion. Sprout Pharmaceutical, just this week, received FDA approval for their “female Viagra” drug. Walt Disney Co. (NYSE:DIS) stock was down as much as 5% on Thursday, after receiving a downgrade at Bernstein coupled with a price target slash from $125 to $114. Analysts are claiming that television is on a downward spiral, stating that viewers are moving from ad-supported platforms to non-ad platforms. El Pollo LoCo Holdings Inc. shares tumbled this week more than 7% after receiving a price target cut at Jefferies, from $27 to $19, but maintained its buy rating. In addition to Jefferies’ new price target, multiple law firms have also opened up investigation into El Pollo LoCo to determine whether the company issued false or misleading statements which violates SEC laws. Sears Holdings Corp (NASDAQ:SHLD) stock plummeted more than 5% Thursday following the release of their second quarter earnings. The report showed that Sears made a profit of $208 million by selling some stores. Without the property sales, Sears would’ve lost approximately $256 million. Hormel Foods Corp (NYSE:HRL) shares hit a new 52-week high Thursday after releasing third quarter earnings while also raising its full-year outlook. Hormel reported adjusted earnings were up 9.8% year-over-year, to $0.56 per share. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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July 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:27
July 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, there wasn’t much economic news, however, earnings season is in full gear, and markets were up slightly on good earnings reports. NASDAQ closed the day at a record high. On Tuesday, earnings were again the main focus, and even though they were generally quite good, disappointing results from IBM and United Technologies drove markets down. On Wednesday, oil futures fell below $50/barrel and existing home sales for June were released and were up a strong 3.2% to 5.49 million units annually, on top of the prior month’s 4.5% gain. These are some of the strongest sales levels in over eight years. Markets ended the day down on disappointing results from tech stocks. On Thursday, jobless claims for the week ending July 18th were down a stunning 26,000 to 255,000, the lowest level since 1973. Markets, however, closed the day down, mostly due to lackluster earnings reports. On Friday, new home sales for June unexpectedly fell 6.8% to an annualized pace of 482,000 units. Stocks opened mixed and then drifted lower. Now let’s take a look at some stocks Lockheed Martin Corporation shares are trading higher this week after the weapons manufacturing company reported a better-than-expected rise in their second quarter profit and raised their 2015 earnings forecast. At the same time, Lockheed Martin also announced that they will be acquiring Black Hawk helicopter manufacturer, Sikorsky, from United Technologies Corp for $9 billion. Chipotle Mexican Grill’s stock soared to a new 52-week-high of $734.50 after the restaurant chain released their second quarter earnings on Tuesday. Chipotle reported earnings of $4.45 per share, slightly above analysts’ forecasts of $4.43 per share. Revenue also increased by 14.1% to $1.2 billion while net income increased by a whopping 27% to $140 million. The Home Depot, Inc. saw its stock rally on Wednesday and Thursday after the home improvement store chain announced they will be acquiring Interline Brands for $1.6 billion. Home Depot is looking to expand their market sales to professional contractors and builders with the acquisition. The deal is expected to be finalized by the upcoming third quarter. Sony Corporation shares spiked up by almost $1 on Thursday, to $29.30, after the company announced they will be entering the drone market by collaborating with ZMP, Inc., a Japanese robot and autopilot technology developer. The new business will be catered towards enterprise needs and customers. The drones will be performing tasks like measuring, surveying, observing, and inspecting among other operations. Sony’s drones are expected to be available for sale in 2016. Nokia Corporation attracted some attention following announcements that high-end German car manufacturers, Audi, BMW and Mercedes are currently negotiating with Nokia to acquire their mapping business, Nokia Here. The three German car manufacturers want to use Nokia’s technology within their self-driving vehicles. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
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LIVE - Floor of the NYSE! Nov. 11 2016 Financial News - Business News - Stock Exchange - Market News
 
03:43
Watch Us LIVE from the Floor of NYSE! November 11, 2016 Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday markets soared after the FBI, for the second time, cleared another batch of emails related to Hillary Clinton’s use of a private email server. The rally broke a nine day losing streak for the S&P 500, its longest since December 1980. The Dow Industrials closed up 370 points. On Tuesday, the JOLTS job openings report for September was up .6% to 5.49 million. On Wednesday, traders were surprised with Donald Trump’s unexpected victory, and stocks surged with the Dow Industrials closing up 256 points. Some of the winning sectors included banks, defense, and infrastructure providers, and some of the losers included hospital operators. The Mexican peso was down sharply against the dollar and ten year Treasury notes soared 22 basis points to 2.07%. Also on Wednesday, the EIA petroleum status report for the week ending November 4th showed an increase in crude oil inventories of 2.4 million barrels. On Thursday, jobless claims for the week ending November 5th fell 11,000 to 254,000. Markets were volatile as investors rebalanced their portfolios based on new assumptions for economic winners and losers caused by Trump’s surprise win. The Dow Industrials gained 218 points to close at a record high, however, the S&P 500 only rose by 4 points, and the NASDAQ composite fell by 42 points. On Friday, consumer sentiment for November rose 4.4 points to 91.6. Markets opened slightly lower as investors took a breather from the recent market rallies. Now let’s take a look at some stocks. On Monday, Windstream Holdings, Inc. (NASDAQ:WIN) a telecommunications and data services firm, announced a merger with its rival, EarthLink Holdings Corp. in a $1.1 billion transaction. The deal is expected to close in the first half of 2017, after that, shareholders of Windstream will own 51% of the combined company, and shareholders of EarthLink will own 49%. Valeant Pharmaceuticals International, Inc. (NYSE:VRX) posted lower than expected profit due to weak sales of its dermatology products and irritable bowel syndrome drug. The company also cut full year profit and revenue forecasts. Its stock fell almost 30% percent during premarket trading Tuesday morning. Prior to this earnings release, Valeant had fallen over 90% since 2015. CVS Health Corporation (NYSE:CVS) lowered its profit forecast for the year and warned of weak growth for 2017, as the company said that it will lose 40 million prescriptions next year. The biggest U.S. drugstore chain expects adjusted earnings per share of about $5.80 in 2017, however, analysts had expected earnings of $6.52 per share. LendingClub Corp. (NYSE:LC) reported a smaller-than-expected loss and said it stopped needing incentives to attract customers. Its stock jumped as much as 18% to $6.03 a share, but it has tumbled 54% this year. The company reported a loss of $36.5 million, or 9 cents a share, in the third quarter, compared with a profit of $950,000 a year earlier. Hertz Global Holdings, Inc. (NYSE:HTZ) saw its shares lose almost half their value after the company posted a worse-than-expected quarterly report and cut its full-year profit outlook. Hertz Global, which operates the Hertz, Dollar, and Thrifty vehicle rental brands, posted adjusted earnings of $1.58 per share in the third-quarter, missing analysts’ estimates of $2.73. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 52778 FinancialBuzzMedia
LIVE - Floor of the NYSE! Jan. 11, 2019 Financial News - Business News - Stock News - Market News
 
04:40
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday the ISM non-manufacturing index for December fell 3.1 points to 57.6. Markets were volatile as investors considered trade issues and the U.S. government shutdown. U.S. oil advanced 1.5% to $48.66 a barrel and the energy sector rallied. The Dow Industrials closed 98 points higher, partly on the continued strength of reassurances last week by Federal Reserve Chair Jay Powell that the central bank will remain flexible. On Tuesday the JOLTS job openings report for November fell 243,000 to 6.888 million openings. Officials from both China and the U.S. expressed optimism that a trade agreement can be reached. Bank stocks struggled due to the possibility of reduced rate hikes from the Fed, however, markets overall rose with the Dow Industrials gaining 256 points. On Wednesday the EIA petroleum status report for the week ending January 4th saw crude oil inventory decline 1.7 million barrels. The Federal Reserve released minutes from their previous meeting and it showed some of the members didn’t want to raise interest rates at all due to lack of sufficient inflation pressure. All of them expressed caution for future rate hikes, stating they can “afford to be patient”. A meeting between President Trump and Democratic leadership ended with President Trump tweeting it was a total waste of time. U.S. crude rose 5% to $52.28 a barrel and the Dow Industrials closed 91 points higher. On Thursday jobless claims for the week ending January 5th fell 17,000 to 216,000. Macy’s reported disappointing holiday sales, putting pressure on the retail sector, and American Airlines lowered its revenue growth forecast putting pressure on airlines. Nevertheless, broader markets continued to rally with the Dow Industrials rising for its fifth straight day to close 122 points higher. On Friday the consumer price index for December declined .1%, its first drop in nine months mostly due to lower energy costs. Markets were down at the open over concerns about a slowdown in growth in China as well as the prospect of a prolonged government shutdown. Now let’s take a look at some stocks. Roku Inc. (NASDAQ: ROKU) shares skyrocketed by more than 23% on Monday after releasing preliminary numbers showing streaming hours grew by 68% to 7.3 billion hours and active user accounts were 27 million. Roku’s strong fourth quarter now brings its fiscal 2018 streaming hours up to 24 billion, increasing 61% year over year. The Boeing Company (NYSE: BA) reported delivering a record number of aircraft in 2018. For the fourth quarter, Boeing delivered 238 commercial airplanes, bringing 2018 totals to 806. However, Boeing previously forecast full-year deliveries of 810 to 815 but suppliers have caused shipment delays. Boeing’s stock rose by 3.2% following the announcement. Constellation Brands, Inc. (NYSE: STZ) reported its third quarter results on Wednesday and topped analysts’ estimates. However, shares plunged due to weaker sales in its wine and spirits segment as well as its investment in Canopy Growth backfiring. Constellation earned $2.37 per share on revenue of $1.97 billion. Constellation also said its investment in Canopy will slash 25 cents off its full-year earnings per share outlook. Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced its third quarter results on Wednesday and topped analysts’ earnings estimates, which sent shares soaring by 20%. The company reported earnings per share of 18 cents on revenue of $3.03 billion. Bed Bath & Beyond previously forecast declining profits and earnings, however, the company said it is now ahead and projects its fiscal 2019 earnings per share to remain flat year over year. Macy’s Inc. (NYSE: M) shares crated by 19% on Thursday after the company reported disappointing sales results for the combined months of November and December and cut its 2018 earnings outlook. For the two months, Macy’s reported comparable sales were up 1.1%. Due to the weaker-than-expected holiday sales, Macy’s revised its forecast for fiscal 2018, now expecting net sales to remain flat compared to its previous projection of a 0.3% to 0.7% increase. The retailer forecast diluted earnings per share of $3.95 to $4.00 compared to its previous outlook of $4.10 to $4.30. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 6712 FinancialBuzzMedia
LIVE - Floor of the NYSE! Nov. 23, 2018 Financial News - Business News - Stock News - Market News
 
03:27
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday, the housing market index fell 8 points to 60 in November to reach its lowest level since August 2016. Led by the tech sector, major stock indexes continued to plunge, with the Dow Industrials closing 395 points lower and the Nasdaq Composite falling 3.8%. On Tuesday, housing starts for October rose 1.5% to an annualized 1.228 million units and U.S. crude dropped 6.1% to just over $53 a barrel, on oversupply concerns. The tech sector continued spiraling down, along with energy, and markets continued their sharp decline as the Dow Industrials fell 551 points, erasing its gains for the entire year. On Wednesday, durable goods orders for October fell 4.4% on top of the prior month’s .1% decline. Jobless claims for the week ending November 17th rose 3,000 to 224,000 and consumer sentiment for November was down .8 to 97.5. Existing home sales for October rose 1.4% to an annualized 5.22 million units, and the EIA petroleum status report for the week ending November 21st saw crude oil inventory rise 4.9 million barrels. Markets rebounded on light volume. Thursday markets were closed for Thanksgiving holiday and on Friday markets opened lower as major tech stocks continued their decline and U.S. crude plunged over 6% to just over $51 a barrel. Now let’s take a look at some stocks. JD.com Inc. (NASDAQ: JD) reported its third quarter results on Monday coming in with revenue at $15.3 billion, a 25% year over year increase, however, missing estimates of $15.6 billion. JD saw its annual active customers increase to 305.2 million while JD Plus members surpassed 10 million users since launching in 2016. Shares of JD ended 5.8% lower on the news. Target Corp. (NYSE: TGT) reported its third quarter results on Tuesday and missed earnings estimates, causing shares to fall by 7%. Price cuts, higher wages and investment into e-commerce ate into profits. Target reported earnings per share of $1.09, 3 cents lower than expectations. Lowe’s Companies, Inc. (NYSE: LOW) reported its third quarter results on Tuesday. Despite beating estimates, Lowe’s provided a weaker-than-expected full-year estimate that sent shares 7% lower. Earnings per share came in at $1.04, 6 cents above estimates and the company’s revised full-year sales forecasts declined .5% to a 4% increase. Foot Locker, Inc. (NYSE: FL) reported its third quarter results on Tuesday with revenue of $1.86 billion and earnings per share of $0.95. Both top and bottom line beat estimates, sending shares 17% higher on Wednesday morning. Autodesk, Inc. (NASDAQ: ADSK) reported its third quarter results on Tuesday topping analysts’ estimates, and sending shares surging by 9%. The company earned $0.29 per share on revenue of almost $661 million. Analysts forecast earnings of $0.27 per share on revenue of $641 million. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 5144 FinancialBuzzMedia
August 19, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:32
August 19, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, the Empire State manufacturing survey for August came in at -4.21, weaker than expected, compared to the prior month’s. 55 level. Ten year Treasuries traded at 1.55% and U.S. crude increased by 2.8% to $45.74 a barrel. The Dow Industrials, S&P 500 and Nasdaq all closed at record highs, on light volume. On Tuesday, the consumer price index for July remained unchanged, due to weakness in energy prices and industrial production for July was up .7%, compared to the prior month’s .4% increase. Housing starts for July were up 2.1% to an annualized 1.21 million units, in addition to the previous month’s 5.6% increase. On Wednesday, the EIA petroleum status report for the week ending August 12th showed crude oil inventory dropping 2.5 million barrels. The FOMC minutes from its last meeting were released and policy makers were mixed with some feeling that the economy is strengthening enough that rate hikes will soon be necessary. However, most were still satisfied with waiting a little longer before tightening resumes. Investors seemed to interpret the Fed’s uncertainty in a positive light, as a sign that rates will not increase until economic results are stronger. On Thursday, jobless claims for the week ending August 13th fell 4,000 to 262,000 and U.S. crude was up over 3% to $48.22 a barrel. Markets ended the day up slightly, on low volume, and it also marked the 29th straight day that the S&P 500’s closing number didn’t move at least 1%. On Friday, markets opened modestly lower as oil held steady. Now let’s take a look at some stocks. Reports emerged Monday that social media giant Twitter (NYSE: TWTR) will announce a deal with Apple (NASDAQ: AAPL) to live stream popular Thursday-night football games with the National Football League. The company beat out competitors such as Amazon, Facebook and Yahoo for the deal. Shares climbed over 7% during early afternoon trading after the news was released. Shares of American multinational clothing corporation, Urban Outfitters (NASDAQ: URBN) continued to rally well over 15% after the company announced impressive quarterly performance during after-hours on Tuesday. The popular retailer posted second-quarter fiscal earnings of 66 cents per share on $891 million in revenue surpassing analysts’ expectations. On Wednesday, Target (NYSE, TGT), America’s second-largest discount retailer company, cut its fiscal-year profit forecast after the company reported sluggish quarterly sales that fell by 7.2%, and earnings that fell by 9.7% . Demand for electronic devices was weak, as well as the company’s grocery business. Shares were down over 6% after the announcement. Shares of Popeyes (NASDAQ: PLKI) plunged 10% during early trading hours on Wednesday after the company released weaker-than-projected same-store sales growth during its second quarter and also lowered its future estimates for same-store growth. The company met analysts' expectations of $0.47 per share but missed revenue by $1.7 million. Retail home improvement and appliance store, Lowes (NYSE: LOW) released second quarter earnings of $1.31 per share on $18.2 billion in revenue, missing consensus estimates of $1.42 per share on $18.4 billion in revenue. The company also lowered its full-year outlook. Shares were down 5% after the release. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 23432 FinancialBuzzMedia
LIVE - Floor of the NYSE! Oct. 26, 2018 Financial News - Business News - Stock News - Market News
 
04:03
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday there wasn’t much economic news as financial and energy companies struggled while waiting for earnings season to kick in. In addition to trade issues with China, the killing of a journalist in Saudi Arabia’s Turkish consulate continued to stoke geopolitical worries. However, tech shares were the bright spot, pulling up the Nasdaq composite by .3%. On Tuesday, markets plummeted early after Caterpillar and 3M released disappointing quarterly results and forecasts. However, losses eased significantly after strong earnings by McDonald’s and Procter & Gamble. The Dow Industrials ended down 125 points and West Texas Intermediate crude fell 4.2% to $66.26 a barrel. On Wednesday new home sales for September declined 5.4% to an annualized 553,000 units, and the EIA petroleum status report for the week ending October 19th saw reserves jump 6.3 million barrels. The Fed released its Beige Book for September and it wasn’t as strong as recent Fed assessments. Consumer spending was described as modest and manufacturing and wage growth was described as modest to moderate. Investors were worried about the potentially slowing economy, and markets fell sharply with the Dow Industrials losing 608 points, erasing all of its gains for 2018. The Nasdaq Composite fell 4.4% and entered correction territory. Ten year Treasuries’ yield dropped seven basis points to 3.1%. On Thursday durable goods orders for September rose .8% and jobless claims for the week ending October 20th rose 5,000 to 215,000. The pending home sales index for September rose .5%. Markets roared back after tech companies calmed investors with solid earnings. The Dow Industrials rose 401 points, the S&P 500 gained 1.9%, and the Nasdaq Composite closed 2.95% higher. On Friday third quarter GDP came in at an annualized 3.5%, slightly higher than expectations, and real consumer spending was up 4%. Markets opened sharply lower on some disappointing quarterly results from the tech sector. Now let’s take a look at some stocks. Amazon.com, Inc. (NASDAQ: AMZN) on Thursday reported third quarter revenue that fell short of analysts’ estimates. The e-commerce giant said revenue rose 29% to $56.6 billion, however, expectations were $57.1 billion. Net income jumped more than 10 fold to $2.8 billion from $256 million year over year. Alphabet Inc. (NASDAQ: GOOGL) reported its third quarter financial results on Thursday with revenue increasing 21% to $33.7 billion, missing expectations of $34 billion. Advertising accounted for most of revenue, reaching almost $29 billion. Net income was $9.2 billion, or $13.06 per share. Microsoft Corporation (NASDAQ: MSFT) reported on Wednesday its quarterly earnings. Total revenue came in at $29.1 billion, beating estimates of $27.9 billion, and revenue growth across the company was strong, especially its cloud segment. Tesla, Inc. (NASDAQ: TSLA) reported its quarterly financial results and crushed estimates, sending shares 10.2% higher on Thursday. The stronger than expected earnings were due to Tesla’s Model 3 delivery and production, allowing it to return to profitability. Tesla reported revenue of $6.8 billion, increasing almost 129% year over year. Chipotle Mexican Grill, Inc. (NYSE: CMG) on Thursday reported third quarter results with same-store sales falling short of analysts’ estimates. Revenue increased 8.6% to $1.2 billion and the company said the increase was driven by new restaurant openings and a 4.4% increase in comparable restaurant sales. Net income was $38.2 million, or $1.36 per diluted share. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 13101 FinancialBuzzMedia
July 31, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:59
July 31, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, China’s stock market was back in the news with the Shanghai Composite dropping nearly 8.5%, its largest one-day loss since 2007. This, along with China’s weakening economy caused U.S. investors to worry that China’s slowdown could spread to the rest of the globe. Also on Monday, durable goods orders for June were up 3.4%, slightly higher than expected, and much better than the prior month’s 2.1% decline. Stocks closed the day strongly down, with the Dow Industrials losing almost 127 points. On Tuesday, China’s stock market stabilized ending the day down 1.7%, easing downward pressure on U.S. markets. The Case-Shiller home price index for May was down .2%, surprisingly weak. However, markets rallied strongly, ending the day with the Dow Industrials up almost 190 points. On Wednesday, the Federal Reserve concluded its meeting and kept rates unchanged. The statement the Fed released had very few changes from the previous meeting, however, economists still think the first rate hike in nine years will occur this year. The pending home sales index fell 1.8% in June, after rising .6% in May. Markets closed the day with a solid rally with the Dow Industrials up 121 points. On Thursday, the second quarter GDP was released, showing an increase of 2.3%, compared to the first quarter’s .6% gain. Jobless claims for the week ending July 25th were 267,000, still considered very good, however, up from the previous week’s 42 year low of 255,000. On Friday, the employment cost index for the second quarter rose .2%, the smallest increase in 33 years, and below expectations, pointing to little wage pressure and perhaps delaying the Fed’s desire to raise rates. Markets opened mixed on the news. Now let’s take a look at some stocks. Teva Pharmaceuticals and Allergan PLC both hit new 52-week-highs this week after Teva agreed to acquire Allergan’s generic drug business for $40.5 billion. The combined company is projected to have revenue of approximately $26 billion, earnings of $9.5 billion, and experience a tax savings of $1.4 billion. Fiat Chrysler Automobiles shares dropped 4% Monday to $14.54, after the car manufacturer received a record fine of $105 million from the National Highway Traffic Safety Administration due to violations of the Motor Vehicle Safety act. The fine includes a $70 million cash payment, $20 million more to improve Fiat Chrysler’s recall process, and an additional $15 million payable if further violations are discovered. McGraw Hill Financial, Inc. shares plummeted on Monday before beginning a slight rebound mid-Tuesday after the company announced it has agreed to buy SNL Financial LC for $2.2 billion. McGraw Hill Financial says the transaction will further develop and expand their data and analytics services. The acquisition is expected to close by the upcoming third quarter. Nike Inc. stock rallied this week after the company settled a lawsuit regarding the Nike FuelBand, claiming that the fitness tracker cannot accurately track the users’ steps and calories. Nike has agreed to give partial refunds or gift cards to consumers who have bought the FuelBand within the past 3.5 years. Further contributing to Nike’s rally was a price target increase from $122 to $129 by analysts at Jefferies. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
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LIVE - Floor of the NYSE! Dec. 7, 2018 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday the PMI manufacturing index for November dropped .4 points to 55.3 but the ISM manufacturing index rose 1.6 points to 59.3. Construction spending for October declined .1 %. At the G20 summit, President Trump and China’s President Xi agreed to a 90 day trade truce and to keep tariffs at the current level, instead of raising them in January. However, for the first time since 2007 the yield on three and five year U.S. Treasury notes inverted. Historically, when short term rates rise to higher levels than longer terms, the risk of a recession is high. Nevertheless, markets rose strongly with the Dow Industrials closing up 287 points. On Tuesday motor vehicle sales for November increased by 100,000 to an annualized rate of 17.4 million units. In a kind of delayed reaction to the prior day’s news of an inverted yield curve, markets tanked with the Dow Industrials losing 799 points, the S&P 500 declining 3.2% and the Nasdaq Composite dropping 3.8%. On Wednesday markets were closed for observance of the death of former president George Bush. On Thursday the ADP employment report for November came in at 179,000 vs 225,000 for the prior month. Jobless claims for the week ending December 1st fell by 4,000 to 231,000 while factory orders for October decreased by 2.1%. Nonfarm productivity for the third quarter rose 2.3% while unit labor costs rose .9%, and the ISM non-manufacturing index for November rose .4 points to 60.7. The EIA petroleum status report for the week ending November 30th saw crude oil inventory decrease 7.3 million barrels. Markets initially fell sharply on news that a top executive of the Chinese telecom equipment maker Huawei was arrested in Canada and faces extradition to the U.S. Later, the Wall Street Journal reported that the Federal Reserve is considering easing up on rate hikes after December and this sparked a rally. The Dow Industrials ended up closing 79 points lower. On Friday non-farm payrolls for November rose 155,000 compared to the prior month’s 237,000 gain and lower than expectations. The unemployment rate remained unchanged at 3.7% and average hourly earnings rose .2%. Markets opened higher on the news, but then turned sharply lower. Now let’s take a look at some stocks. Tesaro, Inc. (NASDAQ: TSRO) shares rallied on Monday after GlaxoSmithKline plc announced it will acquire Tesaro for $5.1 billion. GlaxoSmith desires to strengthen its pharmaceutical business, accelerating the build of its pipeline and commercial capability in oncology. Tesaro shares surged almost 59% on the news. Tribune Media Company (NYSE: TRCO) shares rose on Monday by 9.9% after Nexstar Media Group agreed to acquire Tribune. Nexstar will acquire all outstanding shares of Tribune for $46.50 per share in a cash transaction valued at $6.4 billion. Nexstar will also assume all of Tribune’s outstanding debt. Cronos Group Inc. (NASDAQ: CRON) shares jumped as high as 31% intraday on Monday after the company confirmed reports that it is in talks with Altria about a potential investment. Cronos said that no agreement has been reached and that there is no assurance it will happen. Movado Group, Inc. (NYSE: MOV) shares surged by almost 15% on Tuesday after the company topped its third quarter financial results. For the quarter, Movado reported earnings per share of $1.18 on sales of $208 million. Analysts had forecast earnings per share of $1.12 on sales of $205 million. Lululemon Athletica Inc. (NASDAQ: LULU) reported its third quarter financial results after market close on Thursday, earning 75 cents per share on revenue of $747 million. The company topped analysts’ estimates in both earnings and revenue, however, shares still dropped 4.9% after reporting. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 19697 FinancialBuzzMedia
LIVE - Floor of the NYSE! Sept. 14, 2018 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday there wasn’t much economic news so trade worries took center stage. FANG stocks were weak but the general markets held steady. On Tuesday the JOLTS job openings report for July jumped 1.7% to 6.94 million openings as businesses increase hiring. The yield on 10-year Treasuries rose to 2.98% as signs of inflationary pressure pick up and potential Fed rate hikes approach. West Texas Intermediate crude rose 2.8% to settle at $69.44 a barrel as incoming Hurricane Florence threatened to disrupt supplies, and after an attack on Libya’s state-run oil company. On Wednesday the producer price index for August declined .1%, with a year to year increase of 2.8%. The Fed released their Beige Book for August and used modest to moderate to describe categories like economic growth, consumer spending, and home construction. However, employment is the brightest spot in this recovery, with labor markets described as tight throughout the country, with both high and low skill labor shortages. Wage growth was described as modest. Markets rose slightly as reports surfaced that the U.S. reached out to China to attempt to restart trade talks. On Thursday the Consumer Price Index for August rose .2% on top of the previous month’s .2% gain and jobless claims for the week ending September 8th fell 1,000 to 204,000. The Dow Industrials gained 147 points and the tech sector did particularly well. On Friday retail sales for August rose .1%, their smallest gain since February, and lower than expectations. Import prices for August declined .6%, and export prices declined .1%. Industrial production for August rose .4%. Markets opened slightly higher on the news. Now let’s take a look at some stocks. Alibaba Group Holding Limited (NYSE: BABA) announced on Monday that Chief Executive Officer Daniel Zhang will succeed Jack Ma as the new Chairman of the board next year. Ma will continue as Executive Chairman over the next 12 months as Zhang transitions to the new role. Alibaba shares fell 2.8% on Monday. Sonos, Inc. (NASDAQ: SONO) reported its fiscal third quarter financial results. Revenue fell 6% year over year to 208 million as net loss widened to 27 million or 45 cents per share. Sonos shares plummeted 13% following the report. Activision Blizzard, Inc. (NASDAQ: ATVI) launched its Call of Duty: Black Ops 4 Private Beta on the Playstation 4 on Monday. The beta test was highly anticipated and the game received optimistic feedback from players and reviewers. Activision shares jumped 6.1% on Tuesday. Apple Inc. (NASDAQ: AAPL) held its Keynote Event on Wednesday and showcased its newest upcoming products. Apple unveiled its new Apple Watch Series 4, the updated HomePods and its three latest iPhones: the iPhone XS, XS Max, and XR. The pricing of the iPhones and the A12 Bionic chip led to strong sales projections, causing Apple shares to gain 2.1% on Thursday. The Kroger Co. (NYSE: KR) reported its fiscal second quarter results with an adjusted earnings per share of 41 cents on revenue of 27.9 billion. Kroger topped earnings estimates, but missed revenue estimates, sending shares 9.1% lower on Thursday. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 105185 FinancialBuzzMedia
January 24, 2014 Financial News - Business News - Stock Exchange -  NYSE - Wall Street - Market News
 
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January 24, 2014 - Business News - Financial News - Stock News --NYSE -- Market News 2014 CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2014 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2014 A leading portal for investing news, stock market news, Market Analysis and in depth looks at Emerging companies. Join us for the latest buzz in financial news around the world. FinancialBuzz.com with offices in New York City and Miami Florida was designed to provide information on the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in financially driven digital, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com aims at becoming one of the largest financial news outlets around the world and focuses on providing sophisticated content to our loyal viewership. In a public financial market that requires extensive transparency and disclosures, FinancialBuzz.com provides one of the most internationally credible web outlets by reporting daily from various locations around the world; The New York Stock Exchange, NASDAQ and Hong Kong Exchanges to name a few. This week's wrap up from RK Walker: Markets were closed Monday due to a national holiday, and the remaining days of trading were a mixed bag. The S&P 500, having reached record highs last week, just couldn't keep the momentum going. Companies are reporting their earnings, and although they haven't been bad, they haven't been great either. A familiar pattern continues of lackluster or negative revenue growth, yet earnings per share rise due to cost cutting or share buybacks. On Friday, emerging market currencies fell against the US dollar, creating more worry and prompting major indexes to drop. On Thursday, the flash Purchasing Managers' Index for China fell to 49.6 in January, down from 50.5 in December. Readings below 50 indicate contraction in the manufacturing sector, and this is the first reading below 50 for China in six months. Jobless claims for the week ending January 18 came in at 326,000, only 1,000 more than the previous week. Existing home sales increased 1% for December to 4.87 million units. January 10, 2014 Weekly Stock Market Wrap up: Advanced Micro Devices (NYSE: AMD) Motorola Solutions, Inc. (NYSE: MSI) Netflix, Inc. (NASDAQ: NFLX) Nokia Corporation (NYSE: NOK) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2014 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2014, financial news now, stock news now, stock news, business news, financial news © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 24876 FinancialBuzzMedia
September 30, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:56
September 30, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, new home sales for August fell by 7.6% to an annualized 609,000 units, however, it was still considered a positive report because sales are up over 20% from a year ago. Investors were nervous awaiting the outcome of the first Presidential debate, and the markets fell, with the Dow Industrials closing down 166 points. On Tuesday, the Case-Shiller home price index for July remained unchanged month-over-month and increased 5% year-over-year, while consumer confidence for September rose 2.3 points to 104.1, its highest level in 9 years. A deal to limit oil production looked bleak and U.S. crude futures dropped over 2.5% to settle at $44.67 a barrel. Market rose on the news and the Dow Industrials gained 133 points. On Wednesday, durable goods orders for August remained unchanged, compared to the previous month’s 3.6% gain and the EIA petroleum status report for the week ending September 23rd showed crude oil inventories dropping by 1.9 million barrels. Oil surged with U.S. crude gaining over 5% to $47.05 a barrel on news that OPEC has reached a deal to cut production, its first cut in eight years. Markets rallied and the Dow Industrials closed 110 points higher. On Thursday, the second revision of the second-quarter GDP gave an unexpected surprise, being upwardly revised by three-tenth’s of a percent to 1.4%. Jobless claims for the week ending September 24th rose 3,000 to 254,000. Banking stocks fell as the future of Deutsche Bank was called into question after being hit with billions of dollars in fines from the U.S. Department of Justice. Markets were down sharply with the Dow Industrials closing off 195 points. On Friday personal income for August rose .2%, consumer spending remained unchanged, and the PCE price index rose .1%. Rumors also came out that Deutsche Bank was about to reach a settlement with the Department of Justice and markets rallied strongly on the news. Now let’s take a look at some stocks. Shares of Fitbit plummet over 9% after it was revealed that sales of the company’s latest wearable device, called Charge 2, are off to a sluggish start. Also, health insurer Aetna’s deal with Apple to reimburse policyholders for the purchase of Apple’s iWatch doesn’t look good for Fitbit. Nike, Inc. (NYSE:NKE) posted solid first quarter revenue and profits that topped estimates, however, future orders fell short of estimates, raising concerns. Nike’s stock was down 11% this year at Tuesday’s close, the worst performer on the Dow Jones Industrial Average. Clinical-stage biopharmaceutical, Galectin Therapeutics Inc. (NASDAQ:GALT) reported that its Phase 2a study called Nash-FX in regards to its GR-MD-02 therapy failed its main and secondary endpoints. The therapy is designed to help patients with various liver problems, including fatty liver disease and cirrhosis. Right after the announcement, shares of the company slid 50%. Paychex, Inc. (NASDAQ:PAYX) announced its first quarter earnings, missing expectations. The company reported earnings per share of $0.60 on revenues of $785 million, compared to consensus estimates of $0.57 per share on revenues of $782 million. Shares were down over 4%. Supply chain and electronics manufacturing services provider, SYNNEX Corp. (NYSE:SNX) has announced quarterly earnings beating analysts’ expectations. Shares were up over 7% after the company reported earnings per share of $1.73 on revenues of $3.7 billion, compared to consensus estimates of $1.56 per share on revenues of $3.5 billion. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 43411 FinancialBuzzMedia
August 14, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:35
August 14, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 Monday began with news that in July, China’s exports fell 8.3% from a year earlier, surprising analysts with the steepness of the slowdown. However, the Shanghai stock exchange ended up posting a 5% rally, on optimism that the government would increase stimulus measures. That optimism spread to the U.S. as well with the Dow Industrials closing up 241 points. Almost all S&P 500 companies have released quarterly results with 74% beating profit estimates and about half beating sales projections. On Tuesday, China surprised the rest of the world by devaluing the yuan by 1.9%, its largest one-day move in more than two decades. Chinese regulators said this was a one-time action, however, analysts expressed concerns that this move reflected China’s increasing difficulty dealing with its economic slowdown. The Dow Industrials closed down 212 points, with companies that derive a lot of business from China especially hard hit. Before Wednesday’s opening, the yuan had fallen another 1.6%, and markets again opened sharply lower. However, by the end of the day, they recovered to about where they started, as some analysts helped calm markets by issuing statements that China’s new approach makes sense and that the yuan shouldn’t be tracking the dollar, especially since the Fed is close to raising interest rates. On Thursday, retail sales for July were up .6%, compared to a .3% decrease in the prior month. Oil was down sharply as U.S. crude traded below $42 for the first time since 2009. On Friday the producer price index for July was up .2%, and production was up .6%, both numbers were higher than expected. Markets opened mixed on the news. Now let’s take a look at some stocks: Apple (NASDAQ:AAPL) took a beating this week as concerns continue to grow among investors regarding the popularity and sales of the iPhone and Apple Watch. In addition, economic troubles in their China market as well as the yuan devaluation caused further drops in share prices. Analysts have now forecast that iPhone sales during the upcoming fourth quarter will either be flat or negative. Alibaba (NYSE:BABA) shares plummeted Wednesday following the release of the company’s quarterly report that missed analysts’ revenue forecasts, however, beat earnings forecasts. Alibaba reported earnings of $0.59 per share on revenue of $3.27 billion. Shares rebounded slightly on Thursday. Tesla Motors (NASDAQ:TSLA) filed to sell 2.1 million shares of company stock worth approximately $500 million. Tesla said that the funds received from the sale will be used to further develop their supercharger network as well as further development of their battery Gigafactory. Shake Shack’s (NYSE:SHAK) stock plummeted this week, down more than 8% on Thursday, since reporting their earnings on Monday. The fall in stock price is partly attributed to the restaurant’s secondary offering of 4 million shares priced at $60. Shares were down more than 15% during the trading week. GoPro (NASDAQ:GPRO) shares were up almost 7% on Thursday after receiving a price target increase to $76 by Cowen. Analysts are enticed by GoPro’s expanding product line and the new upcoming software that GoPro is poised to unveil. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 22553 FinancialBuzzMedia
July 29, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:48
July 29, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday energy stocks fell sharply when U.S. crude oil dropped 2.4% to $43.13 a barrel, however, trading volume overall was light as investors waited for the release of earnings, and the outcome of the Federal Reserve meeting. On Tuesday, the Case-Shiller home price index for May was down .1% on top of the prior month’s .2% drop. New home sales for June were up 3.5% to an annualized 592,000 units, and consumer confidence for July fell only one-tenth of a point, holding on to June’s big gains. Earnings were mixed and markets also closed mixed. On Wednesday, durable goods orders for June were weak for the second month, down 4% on top of the prior month’s 2.8% drop and the EIA petroleum status report for the week ending July 22nd showed crude oil inventories increased by 1.7 million barrels. The meeting of the Federal Reserve concluded, and they voted to keep interest rates unchanged. In a statement, the Fed noted strong non-farm payroll gains and increases in household spending, however, any mention of global events was missing, implying that fears over Brexit have subsided. The 10 year Treasury yield settled at 1.51%, U.S. crude oil dropped to $41.92 a barrel, and the Dow Industrials closed about 1 point lower. On Thursday, jobless claims for the week ending July 23rd were up 14,000 to 266,000. Mixed earnings reports left markets uncertain, however, the NASDAQ composite closed up 15 points to its highest level of the year. On Friday, the 2nd quarter GDP came in at 1.2%, weaker than expected, however, the consumer spending component was very strong, up 4.2%. Markets opened mixed as the energy sector continued to struggle. Now let’s take a look at some stocks. Social media giant Facebook (NASDAQ: FB) announced spectacular quarterly earnings, far exceeding analysts’ expectations. The majority of Facebook’s users are on mobile devices, where the company generated most of its ad dollars. Advertising on cellular devices accounted for roughly 84% of Facebook’s $6.2 billion in ad sales during its second quarter. Profit from mobile ads increased 80% in the latest quarter compared to overall revenue growth of 59%. Shares of Apple (NASDAQ: AAPL) climbed over 7% after releasing better-than-expected quarterly earnings of $1.42 per share on revenues of $42.4 billion surpassing expectations of $1.38 per share. Services revenue grew 19% due to the popularity of the app store. Amazon (NASDAQ: AMZN) shares were up more than 2% Thursday after-market, as the company posted earnings of $1.78 per share, strongly beating expectations of $1.11, along with revenue of $30.4 billion beating forecasts of $29.6 billion. Amazon says Prime Day, which was not included in this past quarter’s results, was a huge success, with worldwide orders up as much as 60% compared to last year’s Prime Day. Google’s parent company, Alphabet (NASDAQ: GOOGL), saw its shares rise over 4% on Thursday during after-hours trading when the company reported earnings of $8.42 per share on revenues of $21.5 billion beating earnings expectations by $0.38 a share and beating revenue expectations by $740 million. Aggregate paid clicks rose 29% from the same period last year, and paid clicks on the company’s websites were up 37% year over year. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 31431 FinancialBuzzMedia
July 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:44
July 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, Greece reached an agreement with its creditors. Greece’s parliament, however, had to pass into law strict reform measures before Thursday. Markets were up big on the news, with the Dow Industrials closing up 217 points. On Tuesday, retail sales for June were disappointing coming in at -.3%, compared to the previous month’s 1.2% gain. Despite this, the Dow Industrials closed the day up 75 points. On Wednesday, the producer price index for June was up .4% month-to- month and down .7% year-to-year. Industrial production for June was up .3% and capacity utilization increased .2% to 78.4%. Fed Chair Janet Yellen testified before lawmakers and she said the economy is close to where it needs to be in order to raise rates, probably this year. On Thursday, markets were greeted by some solid earnings reports, and also the news that the Greek parliament had passed the bailout agreement. Jobless claims for the week ending July 11th fell 15,000 to 281,000. Markets rallied on all the good news, with NASDAQ closing at a record high. On Friday, the consumer price index for June was up .3%, in line with expectations, and housing starts for June increased by 9.8% while construction permits have increased by 7.4%. Markets were mixed on the news. Now let’s take a look at some stocks. Micron Technology, Inc. shares ended Tuesday up 11% after it was reported that China-based Tsinghua Unigroup is preparing a $23 billion takeover offer for the company. Micron, in the end, decided against the deal and turned down the offer. Share prices remained relatively high even after Micron nixed the deal. Intel Corporation shares were slightly up on Thursday after their second quarter earnings beat expectations. Intel reported net income of $2.7 billion or $0.55 per share; analysts expected earnings of only $0.50 per share. CFO Stacy Smith also stated that the company now makes 40% of their revenue and 70% of their operating profit from their data center processors, thus signaling that Intel is no longer dependent on their personal computers, which was suppressing earnings. Amazon.com Inc. shares rallied this week in anticipation of their Amazon Prime day. On Prime Day, July 15, Amazon was able to beat their previous highest order rates which they experienced on Black Friday of last year. By noontime on July 15, Amazon’s third party same-store sales had increased by nearly 80% relative to the previous year. Netflix, Inc. shares soared more than 18% on Thursday following a 7 for 1 split of their stock and the release of their second quarter earnings. The report showed remarkable growth in the company’s subscriber’s base, gaining 3.28 million subscribers, growing their total subscriber count to 65.5 million. It was noted that overseas demand was especially strong. Tesla Motors, Inc. stock pulled ahead this week after the company’s CEO, Elon Musk, expressed that he was optimistic and confident that their SUV, the Model X, will be able to double their annual sales. Tesla also announced that they will begin selling their Model X in China during the first half of 2016. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 11029 FinancialBuzzMedia
LIVE - Floor of the NYSE! Nov. 30, 2018 Financial News - Business News - Stock News - Market News
 
03:55
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday markets led by the tech sector rallied strongly on news that online sales hit records for both Thanksgiving day and the day after, also known as Black Friday. The Dow Industrials ended the day up 354 points. On Tuesday the Case-Shiller home price index for September rose .3% and consumer confidence for November declined 2.2 points to 135.7. A White House official mentioned that a lot of communication was happening with the Chinese government in an attempt to resolve trade differences. Markets were volatile all day, but the Dow Industrials ended up 108 points. On Wednesday the second revision for 3rd quarter GDP was unchanged at 3.5%, while the trade deficit for October was higher than expected at $77.2 billion, putting further downward pressure on the 4th quarter GDP. New home sales for October dropped a sharp 8.8% to an annualized 544,000 units and the EIA petroleum status report for the week ending November 23rd saw crude oil inventory rise 3.6 million barrels. Fed Chair Jerome Powell gave a speech mentioning that current rates are just below the neutral range, and markets interpreted that as meaning the Fed might be reconsidering reducing the number of future hikes. Markets soared on optimism with the Dow Industrials finishing 617 points higher and the Nasdaq Composite jumping almost 3%. On Thursday jobless claims for the week ending November 24th increased 10,000 to 234,000. Personal income for October increased .5%, while consumer spending increased .6%, and the PCE price index increased .2%. Markets ended the day down slightly as new concerns emerged that China-U.S. trade differences won’t be resolved at the G20 summit. On Friday markets rose slightly after open as investors waited to see how trade issues with China progressed at G20. Now let’s take a look at some stocks. Salesforce.com, Inc. (NYSE: CRM) reported its third quarter financial results on Tuesday and topped analysts’ estimates, sending shares up 5.4% at the opening bell on Wednesday. Salesforce reported revenue of $3.4 billion, jumping 26% year over year and earnings per share of 61 cents, beating estimates of 50 cents. Nutanix Inc. (NASDAQ: NTNX) shares spiked by 10% on Tuesday after hours after it topped estimates for its fiscal first quarter results. Nutanix reported a loss per share of 25 cents on revenue of $313 million. The company is planning on undergoing a transition to phase out its hardware business and shift towards software-based products with recurring subscription revenue. Tiffany & Co. (NYSE: TIF) reported its financial results on Wednesday sending shares 9.6% lower. Tiffany reported weaker-than-expected earnings due to lower spending from tourists in the U.S. and Hong Kong. For the quarter, Tiffany reported earnings per share of 77 cents on revenue $1.01 billion. Tilly’s, Inc. (NYSE: TLYS) reported its financial results after the closing bell on Wednesday and missed earnings estimates, sending shares plummeting by 20% on Thursday. For the quarter, Tilly’s earned 24 cents per share on revenue of $146.8 million. Comparable store sales rose 4.3%. Abercrombie & Fitch Co. (NYSE: ANF) reported its quarterly results before market open on Thursday and topped analysts’ estimates, sending shares soaring by 20%. The better-than-expected results were delivered as a result of its subsidiaries strengthening in the U.S. and the exposure of its Hollister brand. For the quarter, Abercrombie had earnings per share of 35 cents on revenue of $861 million. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 11691 FinancialBuzzMedia
LIVE - Floor of the NYSE! Mar. 29, 2018 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 This is a short trading week as markets are closed tomorrow for Good Friday. On Monday, markets roared back on news that U.S. and Chinese officials are working on relations to avoid a trade war, including improving U.S. access to Chinese markets. The Dow Industrials surged 669 points, the Nasdaq composite rose 3.3% and the S&P 500 rose 2.7%, its biggest one day jump since August 2015. On Tuesday, the Case-Shiller home price index rose .8%, higher than expected, and consumer confidence for March declined 2.3 points to 127.7. Markets started off higher, but a report that the Trump administration is considering prohibiting Chinese investment in sensitive areas sent tech stocks lower. Also hurting tech were previous concerns over Facebook’s privacy issues. The Dow Industrials closed down 344 points and the Nasdaq composite fell 2.9%. On Wednesday fourth quarter GDP was revised .4% higher to 2.9%, higher than expectations, and the pending home sales index for February rose 3.1% compared to the prior month’s 4.7% decline. The EIA petroleum status for the week ending March 23rd saw crude oil inventory increase 1.6 million barrels. The tech sector continued struggling when a report surfaced that President Trump wants to go after Amazon.com. West Texas Intermediate crude settled at $64.66 a barrel, gold fell 1.5% to $1,325 an ounce and ten-year Treasuries finished yielding 2.78%. On Thursday jobless claims for the week ending March 24th fell 12,000 to 215,000 and personal income for February rose .4%, consumer spending rose .2%, and the PCE price index rose .2%. Markets opened modestly higher on the news. Now let’s take a look at some stocks. Lowe’s Companies, Inc. (NYSE: LOW) announced on Monday that Robert Niblock plans to retire as chairman, president and CEO after a 25-year career with the company. The board of directors has initiated a search for his successor, and in the interim Niblock will remain in his current roles. The company’s stock rose to over $90 per share post announcement. Red Hat, Inc. (NYSE: RHT) announced late Monday financial results for its fiscal fourth quarter with total revenue of $772 million, up 23% year-over-year. Subscription revenue from infrastructure-related offerings for the quarter was $510 million, an increase of 17% year-over-year. Red Hat reached a new high of $167.36 per share Tuesday morning. GlaxoSmithKline plc (NYSE: GSK) announced on Tuesday that it has reached an agreement with Novartis for the buyout of Novartis’s 36.5% stake in their Consumer Healthcare Joint Venture for $13 billion. The Consumer Healthcare Joint Venture was formed by the two companies in 2014. GlaxoSmithKline shares rose to over $39 on Wednesday. Lululemon Athletica Inc. (NASDAQ: LULU) on Tuesday, announced financial results for its fiscal fourth quarter and year end. Net revenue was $928 million, an increase of 18% quarter over quarter and gross profit was $522 million, an increase of 22% quarter over quarter. Lululemon Athletica reached an all-time high of $87.98 per share on Wednesday. Shire plc (NASDAQ: SHPG) rose to over $154 per share on Wednesday as Takeda Pharmaceutical Company Limited released a statement confirming its interest in possibly making an offer for the company. Takeda also stated that this is at a preliminary and exploratory stage and no approach has been made to Shire’s board of directors. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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November 27, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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November 27, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the PMI manufacturing flash index for November declined 1.4 points to 52.6, however, still above 50 indicating monthly growth. Existing home sales for October were down 3.4% to an annualized rate of 5.36 million. On Tuesday, news of the downing of a Russian warplane by Turkey sent markets lower, but they rebounded by the end of the day. Third quarter GDP was revised up .6% to 2.1%. Consumer confidence for November dropped sharply to 90.4, losing 8.7 points from the prior month, and below analysts’ expectations. On Wednesday, durable goods orders for October were up 3%, compared to the prior month’s 1.2% decline. Personal income for October was up .4%, on top of the prior month’s .1% gain, consumer spending was up .1%, the same as the prior month, and the PCE price index for inflation was up .1%. New home sales for October were up 10.7% to 495,000 units annualized. Jobless claims for the week ending November 21stfell 12,000 to 260,000. On Thursday, markets were closed for Thanksgiving, and Friday was a half-day, with trading ending at 1pm. Friday morning stocks traded mostly lower as oil prices drifted down and investors evaluated Black Friday shopping results. Now let’s take a look at some stocks. Pfizer Inc. (NYSE:PFE) announced that it would buy the Botox maker Allergan PLC for $160 billion. Allergan’s headquarters are located in Ireland, and will become the headquarters for the newly merged company. The international merger will also help Pfizer to cut its U.S. tax bill, igniting a new political debate on whether these kind of mergers should be allowed without repercussions. Palo Alto Networks Inc. (NYSE:PANW) reported quarterly earnings on Monday, surpassing expectations. The Cyber security company reported revenues of $297 million, an increase of 54%. The company has acquired 1,000 new customers, including one of the world's largest software companies. Shares of Palo Alto surged more than 7% on Tuesday. Dycom Industries, Inc. (NYSE:DY) reported its fiscal first-quarter financials on Monday and results topped Wall Street’s expectations with earnings of $30.8 million. Dycom Industries, a provider of specialty contracting services, saw its shares cross the $86 mark, an increase of more than 300% over 12 months. GameStop Corp. (NYSE:GME) shares were down about 15% as their quarterly results disappoint due to weak software and hardware sales. Retail stores, together with the company’s online business, recorded a sales drop of 1.1%. The retailer is attempting to stem the decline by starting a collectibles business, with products that carry a higher margin than videogames, and will likely have higher demand. GameStop expects the segment to grow to $500 million a year by the end of 2019. HP Inc. (NYSE:HPQ) shares tumbled more than 11% Wednesday after earnings revealed that revenue fell short of analysts' expectations. This is the fifth straight quarterly drop of revenue for the tech company, as sales continue disappoint due to lower demand for personal computers. HP’s shares have fallen about 70% since the beginning of the year. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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LIVE - Floor of the NYSE! Feb. 1, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday disappointing quarterly results from Caterpillar as well as Nvidia, fueled fears of a global slowdown, particularly with China. The Dow Industrials fell 208 points and the Nasdaq Composite declined 1.1%. On Tuesday the Case-Shiller home price index for November rose .3% and consumer confidence for January had a sharp drop of 8.1 points to 120, blamed in part on the government shutdown. The U.S. Department of Justice filed criminal charges against a high-level executive of the Chinese tech firm Huawei, stoking fears that this will make upcoming trade negotiations more difficult with China. Markets ended the day mixed. On Wednesday the ADP employment report for January came in higher than expected at 213,000 and the EIA petroleum status report for the week ending January 25th saw crude oil inventory rise 900,000 barrels. The Federal Reserve ended their meeting and kept interest rates the same. They still plan on continuing to periodically roll bonds off their balance sheet, however, their announcement was a bit more dovish, lowering inflationary pressures to muted and describing economic activity as solid. The Fed also dropped language that more rate hikes would be needed. Markets soared on the news with the Dow Industrials finishing up 435 points and the Nasdaq Composite gaining 2.2%. On Thursday jobless claims for the week ending January 26th rose 53,000 to 253,000, partly due to furloughed Federal employees. The employment cost index for last year’s fourth quarter saw total employee compensation costs rise .7% and new home sales for November jumped 16.9% to an annualized 657,000 units. President Trump also told reporters that trade negotiations with China were going well and he hoped to have a deal before the March deadline. The Dow Industrials closed flat, however, the Nasdaq Composite rose almost 1.4%. On Friday nonfarm payrolls for January surged 304,000, much higher than expectations, and the unemployment rate ticked up .1% to 4%. Average hourly earnings rose .1%. The Dow Industrials opened higher on the news, but other indexes didn’t move as much. Now let’s take a look at some stocks. Nvidia Corporation (NASDAQ: NVDA) shares plummeted by 17% on Monday after the chipmaker slashed its fourth-quarter guidance. For the upcoming quarter, Nvidia expects revenue of $2.2 billion compared to its previous guidance of $2.7 billion. The Company noted various factors contributing to the decline such as weakness in certain business segments, excess inventory, and declining macroeconomic conditions specifically in China. Advanced Micro Devices, Inc. (NASDAQ: AMD) reported its fourth quarter financial results on Tuesday, delivering mixed results. The chipmaker reported earnings of 8 cents per share on revenue of $1.4 billion. AMD’s earnings fell in line with expectations, but revenue fell short of estimates. Apple Inc. (NASDAQ: AAPL) reported its first quarter financial results after market close on Tuesday. The smartphone maker topped both earnings and revenue estimates but missed iPhone revenue expectations due to a steep decline in China. For the quarter, Apple reported earnings of $4.18 per share on revenue of $84.3 billion. iPhone sales decreased by 15% year-over-year to almost $52 billion. Facebook Inc. (NASDAQ: FB) reported its fourth quarter financial results after market close on Wednesday with earnings of $2.38 per share on revenue of $16.9 billion, crushing estimates. The company reported daily active users of 1.52 billion and monthly active users of 2.32 billion, both increasing 9% year-over-year and matching analysts’ expectations. Average revenue per user increased by 19% to $7.37. The tech giant saw its shares surge over 10% during extended trading hours on Wednesday. Amazon.com, Inc. (NASDAQ: AMZN) reported its fourth quarter financial results after market close on Thursday with earnings of $6.04 per share on revenue of $72.4 billion. Despite beating estimates for both earnings and revenue, Amazon shares fell by 2% during extended trading hours after providing weaker guidance for next quarter. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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