With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets. U.S. negotiators head to China next week, and while there are few signs any kind of deal is
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The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far
Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected
Check out the companies making headlines after the bell: Shares of Chipotle rose as much as 10 percent in extended trading Wednesday after the company reported earnings that beat Wall Street’s expectations. The restaurant chain earned $1.72 per share on revenue of $1.23 billion, versus $1.37 on revenue of $1.19 billion, according to a survey
Check out the companies making headlines after the bell: Shares of Snap soared as much as 21 percent Tuesday following their fourth-quarter earnings beat. The tech company earned $390 million in revenue, beating the expected $378 million.The company posted losses per share of 4 cents, smaller than the expected loss of 7 cents. Global Daily
Check out the companies making headlines after the bell: Shares of Alphabet dropped more than 3 percent in extended trading on Monday despite beating on its top and bottom lines. The Google-parent company’s earnings per share were $12.77, well above estimates of $10.82. The company earned $39.28 billion in revenue, beating the $38.93 billion estimated
January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment. The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent,
Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers reportedly did not meet Papa John’s valuation expectations. Exxon Mobil — Shares of Exxon Mobil
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies like Alphabet, Disney and Eli Lily, report in the week ahead, and there are just
Check out the companies making headlines after the bell: Shares of Amazon rose as much as 3 percent and then dipped more than 2 percent negative in extended trading Thursday after reporting better-than-expected earnings and light guidance. The e-commerce giant beat on the top and bottom line. Earnings per share were $6.04, which beat estimates
Check out the companies making headlines after the bell: Shares of Facebook surged as much as 10 percent after hours on Wednesday. The social media titan posted better-than-expected earnings, beating on the top and bottom lines. The company earned $16.91 billion in revenue, which beat Wall Street’s estimates of $16.39 billion. Earnings per share were
Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility. Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers. Gold futures closed above the key $1,300 per troy ounce this week, and the February contract closed at a
Check out the companies making headlines after the bell: Shares of Whirlpool fell nearly 7 percent Monday after missing on fourth-quarter revenue and giving weak full-year earnings guidance. The home appliance company posted mixed earnings with $5.66 billion in revenue, compared to the $5.76 billion estimated by Wall Street. Earnings per share were $4.75, beating
Check out the companies making headlines before the bell: Colgate-Palmolive – The consumer products company reported profit of an adjusted 74 cents per share for its latest quarter, while revenue and organic sales growth also beat forecasts. Colgate was helped by stronger demand on North America, however the company is also predicting lower sales and
These are the companies making headlines in the middle of Friday trading: Intel, AMD – Intel fell 7 percent after the chipmaker said it expects revenue to be nearly flat compared to last year. But other chipmakers held up with AMD shares rising more than 2 percent. Many analysts believe Intel’s issues were company specific
The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week ahead. Mega-cap tech companies Apple, Microsoft, and Amazon report respectively on Tuesday, Wednesday and Thursday.
Check out the companies making headlines after the bell Thursday: Shares of Intel dropped 7 percent following mixed earnings and weak first-quarter guidance. The semiconductor-maker reported $18.66 billion in revenue, compared to the $19.01 billion estimated by analysts. Earnings per share were $1.28, slightly higher than the $1.22 estimated on the Street. The company issued
There are certain stocks that historically post big gains after reporting fourth-quarter earnings. Bespoke looked back at the past eight fourth quarter reporting periods and found stocks that jumped the most on earnings reporting day. It found 15 large caps that rose an average 3.8 percent or more. Several stocks on the list also had
Check out the companies making headlines before the bell: Johnson & Johnson – Johnson & Johnson earned an adjusted $1.97 per share for the fourth quarter, 2 cents a share above estimates. Revenue also topped forecasts, helped by stronger sales of cancer and psoriasis treatments. Travelers – The insurance company reported adjusted quarterly profit of
Tesla – Tesla is cutting its full-time workforce by 7 percent to lower costs, according to an employee memo. In the memo, CEO Elon Musk said the cuts are needed along with manufacturing design improvements to achieve economies of scale and to maintain a viable company. (Read the full text of Musk’s email to Tesla
Check out the companies making headlines midday Friday: Netflix — Shares of the video-streaming giant fell more than 2 percent after issuing weaker-than-expected guidance for the first quarter of 2019. The company also posted lighter-than-expected revenue for the fourth quarter of 2018. Schlumberger — Schlumberger’s stock rose more than 6 percent and was on track
Stocks have gotten a boost from optimismfor U.S.-China trade talks, but earnings could take a bigger role in the week ahead, when reports roll in from a diverse group of companies in tech, railroads, pharma, airlines and consumer products. Stocks closed higher for a fourth week, amid talk the market may be getting overbought. The
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That’s good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an
Check out the companies making headlines on midday Thursday: Signet Jewelers — Shares of Signet Jewelers plummeted more than 20 percent after reporting weaker-than-expected holiday sales. Signet, the parent company of brands like Kay and Zales, also slashed its outlooks for fiscal 2019 and the fourth quarter. Morgan Stanley — The banking giant’s stock fell
Check out the companies making headlines before the bell: First Data – The financial technology company will be acquired by Fiserv in an all-stock deal with an equity value of $22 billion, or $22.74 per share. First Data had closed yesterday at $17.54. Bank of America – Bank of America reported quarterly profit of 70
Check out the companies making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.98 per share, below the consensus estimate of $2.20, with revenue essentially in line. Consumer, community, and business banking results beat forecasts, but investment bank and wealth management results did not. UnitedHealth Group – The health insurer
Morgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December’s low, and it is very likely to retest that level. But the strategists, led by Mike Wilson, also say in a note that there is nothing to fear in a potential recession, and investors should “embrace it.”
Check out the companies making headlines before the bell: Netflix — Shares of online streaming service rallied more than 2.5 percent in premarket trading Friday after both UBS and Raymond James urged clients to buy the stock. UBS hiked its rating on the stock to “buy” from “neutral,” writing that after six months of underperformance,
Stocks are quickly closing in on an important level that some traders believe could make or break the market’s post-Christmas bullish run. The S&P 500 is poised to take aim at an extremely important level in the coming week. The 2,600 level has sucked in all sorts of market watchers — technicians and non-technicians alike
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for