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Financial News – Business News – Stock News – Market News – Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News – Financial News …



Financial News – Business News – Stock News – Market News – Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News – Financial News …



Financial News – Business News – Stock News – Market News – Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News – Financial News …



Financial News – Business News – Stock News – Market News – Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News – Financial News …



Watch Us LIVE from the Floor of NYSE! February 10, 2017 Financial News – Business News – Stock News – Market News – Stock Exchange

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2017

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2017

On Monday, economic news was light, so traders focused on the strength of the American consumer, as well as analyzing how the Trump administration’s policies will affect the economy with a growing realization that fiscal stimulus and other programs may take longer to implement than originally anticipated. At market close, ten year Treasuries yielded 2.41%, oil closed at $53.77 a barrel, and gold climbed to $1,229 an ounce, its highest level since last November. Markets closed down slightly.

On Tuesday, the trade deficit for December came in at $44.3 billion compared to the prior month’s $45.7 billion, boosted by strong exports. The JOLTS job openings report for December was 5.501 million, slightly less than the prior month, and more evidence of solid demand for labor. During the current earnings season, almost 70% of reports issued to date have topped earnings estimates, and markets ended the day up slightly, with the NASDAQ composite reaching a new high.

On Wednesday, the EIA petroleum status report for the week ending February 3rd saw crude oil inventories jump a huge 13.8 million barrels, yet crude oil rose on the news to close at $52.34 a barrel. Ten year Treasuries yielded 2.33%, and gold continued its climb to settle at $1,239 an ounce. Markets closed mixed, however, the NASDAQ composite reached a new high.

On Thursday, jobless claims for the week ending February 4th fell 12,000 to 234,000, one of its lowest levels on record. President Trump also said he would announce in the next few weeks a plan that would be “phenomenal in terms of tax.” Markets closed up strongly with the S&P 500 and NASDAQ composite at record highs.

On Friday import price for January rose .4%, compared to the prior month’s .5% gain, and export prices rose .1% compared to the prior month’s .4% gain. Markets surged on the news and on optimism about Trump’s upcoming tax plan. Now let’s take a look at some stocks.

Twitter, Inc. (NYSE: TWTR) shares fell more than 10% after the company reported fourth-quarter revenue that fell short of Wall Street estimates, as the social network had trouble attracting advertisers. The company said revenue rose just 1% to $717 million in the fourth-quarter, missing analysts’ estimates of $740 million. However, earnings were 16 cents a share, beating analysts’ estimates of 12 cents per share.

Shares of Panera Bread Co. (NASDAQ: PNRA), the bakery-café restaurant operator, rose over 8% reaching new highs after topping analysts’ expectations. The company reported fourth-quarter earnings of $2.05 per share on $727.1 million in revenue, beating expectations of $2 per share. Full-year 2016 adjusted earnings per share were $6.74, but Panera anticipates adjusted earnings in 2017 to increase to between $7.45 and $7.70 a share.

On Tuesday, Disney Co. (NYSE: DIS) reported fiscal first-quarter earnings that fell short of Wall Street estimates, hurt by a decrease in subscribers and rising costs at ESPN. Total revenue fell 3% percent to $14.8 billion, while profit fell as much as 10% to $1.55 per share.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) initially fell over 5% percent as the company reported earnings that missed analyst estimates. Wall Street analysts expected earnings of $1.27 per share, but the company only hit 87 cents on revenue of $494 million. However, shares quickly climbed back up over 11%.

© 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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Financial News – Business News – Stock News – Market News – Stock Exchange

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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

Welcome to Financial Buzz Market Weekly, I’m RK Walker, here at the New York Stock Exchange, bringing you a review of this week’s stock market.

On Monday markets took a pause from last week’s strong run-up as reports showed China’s exports to the U.S. fell 23% in November, and 1.1% overall. Ten year Treasuries yielded 1.83% and West Texas Intermediate crude fell slightly to $58.97 a barrel.

On Tuesday the second estimate of third quarter non-farm productivity was -.2% and unit labor costs rose 2.5%. Trade talks continued to weigh on investors as the December 15th deadline looms when increased tariffs against China will take effect. However, the U.S., Canada, and Mexico moved towards a new trade deal that has the support of the Trump administration and Democratic lawmakers.

On Wednesday the consumer price index for November rose .3% and the EIA petroleum status report for the week ending December 6th saw crude oil inventory rising 800,000 barrels. The Federal Reserve concluded their two day meeting and didn’t change interest rates. Of particular interest to investors was that the Fed doesn’t expect to change rates throughout 2020 and Fed Chair Jerome Powell said that he would have to see inflation move upward persistently and significantly before raising rates. Markets rose modestly on the news.

On Thursday jobless claims for the week ending December 7th rose 49,000 to 252,000, much higher than expected while the producer price index for November remained unchanged compared to a .4% increase the prior month. President Trump tweeted that the U.S. was very close to a big deal with China, and various news reports surfaced that U.S. negotiators offered to cut existing tariffs by up to 50% as well as cancel new tariffs set to take effect on Sunday. Markets rallied strongly on the news with the Dow Industrials closing 220 points higher, and the Nasdaq Composite and S&P 500 closing at record highs. Ten year Treasuries rose 10 basis points to yield 1.89%.

On Friday retail sales for November rose .2%, lower than expected and import prices for November rose .2% while export prices also rose .2%. China and the U.S. confirmed they have reached agreement on the terms of a phase one trade deal, however, markets didn’t move much at the open. Now let’s take a look at some stocks.

Stitch Fix, Inc. (NASDAQ: SFIX) reported its first quarter results after the closing bell on Monday. The company reported better-than-expected earnings and revenue, which sent shares higher by 10% on Tuesday morning. For the quarter, Stitch Fix reported flat earnings on revenue of $445 million, with revenue gaining 21% year-over-year, primarily driven by the growth of its active client base.

The Children’s Place, Inc. (NASDAQ: PLCE) reported its third quarter results before the opening bell on Wednesday. The company’s shares plummeted by 20% after reporting a weaker-than-expected fourth quarter guidance. For the third quarter, The Children’s Place came in with earnings of $3.03 per share on revenue of almost $525 million. The company beat expectations for both top and bottom line.

Lululemon Athletica Inc. (NASDAQ: LULU) reported its third quarter results after the closing bell on Wednesday, with earnings of $0.96 per share on revenue of $916 million. Results were better-than-expected, however, guidance was weaker-than-expected for the fourth quarter and shares slipped by 5% on Thursday morning.

Ciena Corporation (NYSE: CIEN) reported its fourth quarter results during Thursday’s pre-market hours. The company missed earnings expectations, which sent shares lower during pre-market hours, however, shares recovered and traded 15% higher by mid-day. For the quarter, Ciena reported earnings of $0.58 per share on revenue of $968 million.

Adobe Inc. (NASDAQ: ADBE) reported its fourth quarter results after the closing bell on Thursday. The Company surpassed analysts’ earnings and revenue estimates, sending shares higher by over 3% shortly after reporting. Adobe reported earnings of $2.29 per share on record quarterly revenue of almost $3 billion. Analysts anticipated earnings of $2.26 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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Financial News – Business News – Stock News – Market News – Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News – Financial News …



Watch Us LIVE from the Floor of NYSE! November 24, 2017 Financial News – Business News – Stock News – Market News – Stock Exchange

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2017

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2017

This was a holiday week with markets closed Thursday for Thanksgiving. On Monday, the leading indicators for October rose 1.2% after only a .1% increase for the prior month. Fed Chair Janet Yellen submitted her resignation effective when her replacement, Jerome Powell, is sworn in.

On Tuesday, existing home sales for October rose 2%, stronger than expected, to an annualized 5.48 million units. Ten year Treasuries yielded 2.36% and gold increased .3% to $1,280 an ounce. The Dow Industrials, S&P 500, and Nasdaq composite all closed at record highs, primarily on the strength of the tech sector.

On Wednesday, durable goods orders for October declined 1.2%, compared to the prior month’s 2.2% increase, and consumer sentiment for November increased seven-tenths of a point to 98.5. Jobless claims for the week ending November 18th were down 13,000 to 239,000, and the EIA petroleum status report for the week ending November 17th showed crude oil inventory decreasing 1.9 million barrels. The Federal Reserve released minutes from its last meeting and it showed that although members unanimously voted to keep rates unchanged, disagreement erupted over the lack of inflation. Dovish members want to keep rates low to ensure inflation will rise above the Fed’s 2% target, while hawks feel the low inflation is temporary because the economy keeps improving.

On Friday the PMI composite flash index for November declined 1.1 points to 54.6, and markets opened in record high territory over optimism about the upcoming holiday season. Now let’s take a look at some stocks.

Palo Alto Networks (NYSE: PANW) reported that their fiscal first quarter revenue grew 27% year over year to $505 million; product revenue grew 14% year over year to $186 million; and subscription and support revenue grew 36% year over year to $319 million. Shares of Palo Alto were up over 8% on Tuesday.

Guess?, Inc. (NYSE: GES) stock cratered about 13% Wednesday after the clothing retailer reported a net loss of $2.9 million for their third quarter, compared to net earnings of $9.1 million a year ago. The company said revenues in the Americas decreased 13.4%, and retail same store sales decreased 10%. However, Europe revenues increased 18.8% and same store sales increased 10%.

salesforce.com, inc. (NYSE: CRM) shares fell more than 1% as the customer relationship management company announced third quarter revenue of $2.7 billion, an increase of 25% year-over-year. Subscription and support revenues were $2.5 billion, an increase of 25% year-over-year, and professional services and other revenues were $194 million, an increase of 20% year-over-year.

GameStop Corp. (NYSE: GME) shares jumped more than 3% Wednesday, after the video game retailer announced total global sales for their third quarter increased 1.5% to $2 billion, with comparable store sales growth of 1.9%. New hardware sales increased 8.8%, led by demand for the Nintendo Switch, and new software sales increased 5.4% driven by a strong title lineup.

HP Inc, (NYSE: HPQ) reported their fourth quarter results on Tuesday with net revenue increasing 11% to $13.9 billion, beating estimates of $13.25 billion. Revenue of personal systems, including desktops and notebooks, rose 13%, and revenue from printers was up 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.

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Watch Us LIVE from the Floor of NYSE! January 6, 2017 Financial News – Business News – Stock News – Market News – Stock Exchange

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2017

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2017

On Monday, markets were closed for the New Year’s holiday. On Tuesday, the PMI manufacturing index for December was up .2 to 54.3, a 21 month high and the ISM manufacturing index was up 1.5 points to 54.7, a two year high. Construction spending for November increased .9% to its highest level in over 10 years. Markets rose with the Dow Industrials gaining 119 points.

On Tuesday, the Federal Reserve released the minutes of its latest meeting expressing caution due to increased uncertainty about how the economy will respond to future fiscal, tax, and regulatory policies implemented by the next President’s administration. However, many participants were concerned that if the unemployment rate continues to fall, faster than expected increases in interest rates may occur. As a result, participants raised their estimates of two rate hikes to occur 2017 to three. However, they noted that inflation is still below the 2% target rate. Markets ended the day modestly higher.

On Thursday, the ADP employment report for December was down 62,000 to 153,000, below expectations, and jobless claims for the week ending December 31st were down 28,000 to 235,000, extremely low, however, seven states had to be estimated. The ISM non-manufacturing index for December was unchanged at 57.2, and the EIA petroleum status report for the week ending December 30th showed crude oil inventories dropping 7.1 million barrels. U.S. Treasury 10 year notes yielded 2.36%.

On Friday nonfarm payrolls for December were lower than expected coming in at 156,000, the unemployment rate ticked up slightly to 4.7%, and average hourly earnings rose .4%. Markets opened mostly unchanged on the news. Now let’s take a look at some stocks.

Macy’s, Inc. (NYSE: M) announced that they will lay off 10,000 workers along with lowering their earnings outlook after the company posted disappointing holiday sales, pushing the stock down more than 13%. Macy’s comparable-store sales fell 2.1% in November and December, which was at the lower end of its projections, however, it maintained its full-year comparable sales guidance of a 2.5% to 3% decline.

General Motors Company (NYSE: GM) reported an increase of 10% in U.S. auto sales in December, surpassing previous estimates of 3.5%. The company’s Chevrolet brand rose 12.8% to almost 213,000 vehicles. Kurt McNeil, GM’s vice president of U.S. sales operations, said in the statement that they will begin the year well positioned to continue growing its U.S. retail business. Shares rose over 4% on the news.

Shares of Xerox Corp. (NYSE: XRX) jumped nearly 16% Tuesday afternoon after completing its split into two companies, one for its business services and another for its copier and printer business. Last December 31st, Xerox shareholders received one common share of Conduent, the new spinoff, for every five shares of Xerox’s common stock they held as of December 15th.

Sears Holdings Corp. (NASDAQ:SHLD) continues to close unprofitable stores in an attempt to increase sales impact and return the company to profitability. Funding from CEO Eddie Lampert has also helped but many stores continue to remain unprofitable. Seritage Growth Properties reported in an SEC filing that Sears has exercised its right to eliminate its leases on 19 stores. Shares of Sears soared over 8% on the 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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May 6, 2016 Financial News – Business News – Stock Exchange – NYSE – Market News

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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 ISM manufacturing index for April dropped 1 point to 50.8, and construction spending for March rose .3%, compared to the prior month’s .5% decline. The dollar fell against major currencies and markets rallied with the Dow Industrials closing up 117 points.

On Tuesday, motor vehicle sales for April rose a strong 4.8% to an annualized 17.4 million units. China’s manufacturing PMI for April fell to 49.4, remaining in contraction territory for the 14th straight month. Lackluster economic news, plus concerns over lower profits reported by corporations led to the Dow Industrials shedding 140 points.

On Wednesday, the ADP employment report for April showed an increase of 156,000, below expectations. Nonfarm productivity for the first quarter dropped 1.0%, while unit labor costs rose 4.1%. Factory orders for March increased 1.1% and the ISM non-manufacturing index for April remained strong at 55.7. The EIA petroleum status report for the week ending April 29th rose 2.8 million barrels to a record 453.4 million. Despite some good news, the Dow Industrials ended the day down 99 points.

On Thursday, jobless claims for the week ending April 30th jumped 17,000 to 274,000. Crude oil rallied, however, as wildfires in Canada disrupted production. West Texas Intermediate crude ended the day up 2.2% to $44.74 a barrel.

On Friday, nonfarm payrolls for April increased 160,000, compared to the prior months 208,000 gain, and this was lower than expectations. The unemployment rate remained unchanged at 5.0%. Markets opened modestly lower on the news.

Now let’s take a look at some stocks.

Tesla (NASDAQ:TSLA) shares jumped 4.5% after the company reported earnings Wednesday and surpassed Wall Street’s expectations. Tesla’s first quarter loss was $0.57 per share on $1.6 billion in revenue, just shy of the $0.58 per share loss expected by analysts. The electric automaker gave a bullish outlook for vehicle production on the strength of demand for its upcoming Model 3.

Shares of Alibaba (NYSE:BABA) are up after the giant e-commerce company reported fourth quarter revenue increased by 39%, beating analysts’ estimates. The company specified that growth in gross merchandise volume is the reason for the increase in revenue, which has reached 24.2 billion yuan ($3.7 billion) in the quarter.

Shares of Fitbit (NYSE:FIT) tumbled about 15% Thursday after the company forecast lower than expected second quarter revenues. For the first quarter, however, Fitbit topped expectations, earning $0.10 per share on $505 million in revenue compared to consensus estimates of $0.03 per share on $443 million in revenue.

GoPro (NASDAQ:GPRO) reported first quarter revenue of only $184 million, with a loss of $0.63 per share. Shares of the professional HD camera maker went up as much as 10% during Thursday’s after-market, but shares ultimately ended down 5% below Thursday’s close. Sales of the GoPro Hero product, which was popular when initially released, is struggling now.

Shares of Yelp (NYSE:YELP) were up more than 8% during Thursday’s after-market, when quarterly results showed a 34% increase in revenue to $158 million, surpassing analysts’ expectations of $155 million. The impressive revenue growth came from a higher volume of local 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.

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