Analyst news

• UPDATE 2-China woes hurt chipmaker Qualcomm's profit forecast

  04-11-2015 23:55
  * Shares fall about 6 pct after market (Adds details from conference call, forecast; updates shares)
  
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• WRAPUP 3-Germany to retest VW cars as scandal pushes Berlin to act

  04-11-2015 23:51
  BERLIN, Nov 4 (Reuters) - Germany is to retest all Volkswagen car models to gauge their genuine emissions levels after new revelations from the carmaker six weeks into its biggest-ever corporate...
  
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• Facebook revenue, profit beat forecasts; shares hit all-time high

  04-11-2015 23:21 via news.yahoo.com
  
  By Yasmeen Abutaleb and Lehar Maan SAN FRANCISCO (Reuters) - Facebook Inc posted a surprisingly strong 40.5 percent jump in quarterly revenue as new advertising services and its mobile app boosted ad sales at the world's largest social network. Third-quarter profit also beat Wall Street's average estimate despite increased spending on Facebook's Messenger and WhatsApp apps and Oculus, its virtual reality business. Ad revenue grew 45.4 percent to $4.30 billion, with mobile ads accounting for 78 p
  
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• UPDATE 2-Facebook revenue, profit beat forecasts; shares hit all-time high

  04-11-2015 23:14
  SAN FRANCISCO, Nov 4 (Reuters) - Facebook Inc posted a surprisingly strong 40.5 percent jump in quarterly revenue as new advertising services and its mobile app boosted ad sales at the world's...
  
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• Wall Street ends down after energy slide, Yellen comments

  04-11-2015 22:44 via rocketnews.com
  By Caroline Valetkevitch(Reuters) – U.S. stocks edged lower on Wednesday, retracing recent gains along with energy shares, while comments by Federal Reserve Chair Janet Yellen pointing to a possible rate hike in December added to investor caution. S&P energy <.SPNY>, down 1.0 percent, led the day’s decline. The fall snapped a run of five straight days of gains for the index, with shares of Chevrondown 1.4 percent at $96.77 and Exxon Mobiledown 1.0 percent at $85.98. Stocks
  
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• Facebook third-quarter revenue beats on ad sales growth

  04-11-2015 22:17 via news.yahoo.com
  (Reuters) - Facebook Inc reported a better-than-expected 40.5 percent jump in quarterly revenue helped by the launch of new advertisement services and updates to its mobile app, which drove more ad sales. Facebook shares rose 5 percent to $107.75 in after-hours trading on Wednesday. The company's third-quarter profit also beat Wall Street's average estimate despite increased spending on Messenger, WhatsApp and Oculus, its virtual reality business. Ad revenue grew 45.4 percent to $4. ...
  
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• EUR/USD Tests 3 Month Lows Prior to NFP

  04-11-2015 21:48
  
  EUR-USD tests 3 month lows and buyers rush in. Elliott Wave and sentiment analysis suggests higher probability of continued selling.
  
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• GBP/USD Breakdown Potential on BoE, NFP- Levels to Know

  04-11-2015 21:45
  
  GBPUSD is eyeing near-term support ahead of key event risk into the close of the week. Here are the updated targets & invalidation levels that matter.
  
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• USD/JPY Technical Analysis: On A Run To Break Long-Term Resistance

  04-11-2015 21:42
  
  The disappointment a non-eventful Bank of Japan to close out October had little effect on USDJPY upside.
  
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• UPDATE 1-Illinois top court voids $10.1 bln Philip Morris 'light' verdict

  04-11-2015 21:09
  * Plaintiffs can still pursue case in Illinois Supreme Court (Adds statements from plaintiffs' lawyer, Philip Morris)
  
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• Canada’s Enbridge to invest $5 billion in Gulf Coast: WSJ

  04-11-2015 20:24 via rocketnews.com
  (Reuters) – Enbridge Inc plans to spend $5 billion to build three oil storage facilities in the U.S. Gulf Coast, according to a media report on Wednesday, an expansion that would help the Canadian pipeline company stake a claim in the profitable exporting business.The plan follows the loosening of a decades-old U.S. crude oil export ban. In addition, the U.S. House of Representative passed a bill last month to repeal the ban, though it has yet to be signed into law. Enbridge’s p
  
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• USD/JPY Retail FX Longs Narrow Ahead of Bank of Japan (BoJ) Minutes

  04-11-2015 19:30
  
  USD/JPY may continue to face range-bound prices over the near-term should the BoJ Minutes dampen expectations for a larger asset-purchase program.
  
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• Illinois top court voids $10.1 bln Philip Morris 'light' verdict

  04-11-2015 18:54
  Nov 4 (Reuters) - The Illinois Supreme Court on Wednesday threw out a $10.1 billion verdict against Philip Morris USA in a long-running lawsuit accusing the Altria Group Inc unit of misleading...
  
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• U.S. stocks down, yields up after Yellen boosts rate hike expectations

  04-11-2015 18:12 via news.yahoo.com
  
  Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is "performing well" and could justify an interest rate hike in December. The U.S. dollar and U.S. Treasury yields moved higher after Yellen's comments, building on a rise that followed earlier data showing stronger-than-expected private-sector U.S. job growth. Yellen told Congress the Fed expects the economy to continue to grow at a
  
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• Britain's FTSE ends higher, miners advance

  04-11-2015 18:04
  LONDON Nov 4 (Reuters) - Britain's top share index closed higher on Wednesday, with a rally in mining stocks on expectations of a pick up-in metals demand and encouraging results from companies such...
  
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• Anheuser-Busch extends Bud Light sponsorship of NFL until 2022

  04-11-2015 17:45 via news.yahoo.com
  
  Anheuser-Busch InBev SA said on Wednesday it had expanded Bud Light's multi-year beer sponsorship deal with the National Football League and extended it until the 2022 Super Bowl season from its original expiry after the 2017 season. The Belgian brewer did not disclose the value of the deal, but the Wall Street Journal reported that it was worth more than $1.4 billion, a more-than 15 percent increase over AB InBev's current six-year agreement. Bud Light will also be able to use current-season NF
  
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• Wall St. slips as Yellen says December hike 'live' possibility

  04-11-2015 17:26 via news.yahoo.com
  
  (Reuters) - Wall Street was lower on Wednesday morning after Federal Reserve Chair Janet Yellen said a rate hike in December was a "live" possibility, but not a certainty.
  
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• Wall St slips as Yellen says Dec hike "live" possibility

  04-11-2015 17:20 via news.yahoo.com
  
  Wall Street was lower on Wednesday morning after Federal Reserve Chair Janet Yellen said a rate hike in December was a "live" possibility, but not a certainty. The Fed is "expecting the economy will continue to grow at a pace to return inflation to our target over the medium term," Yellen told Congress. A raft of data on Wednesday suggested the economy was strong enough to support an interest rate hike.
  
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• Bank of America close to naming new general counsel: WSJ

  04-11-2015 17:18 via news.yahoo.com
  
  (Reuters) - Bank of America Corp is close to naming outgoing Ford Motor Co General Counsel David Leitch as its new general counsel, The Wall Street Journal reported on Wednesday.
  
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• US stocks waver in early trading; jobs, earnings on radar

  04-11-2015 17:07 via rocketnews.com
  
  Must WatchWhat to read next
  “},{“id”:”f72d1a13-5cfd-3efb-a91e-cd9df4b1179c”,”source”:”yiral”,”type”:”article”,”title”:”“They Used To Be Okay With Just A Kiss. Now They All Want To Bang-Bang!””,”image”:{“url”:”http://media.zenfs.com/en/homerun/101_india_68/78fc831174d56a1aee564b36fbdb4eba”,”width”:”540″,”height”:
  
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• Miners boost Britain's FTSE to 1-week high

  04-11-2015 17:04
  LONDON Nov 4 (Reuters) - Britain's top share index climbed to its highest level in more than a week on Wednesday, buoyed by a strong rally in mining stocks and encouraging results from companies such...
  
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• UPDATE 1-Avon to take "critical" look at dividends in 2016

  04-11-2015 17:03
  Nov 4 (Reuters) - Avon Products Inc, a direct seller of cosmetics, said it would look at dividend payments with a "more critical lens" in 2016, as it expects a bigger impact from the strong dollar.
  
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• Chesapeake cuts budget again on weak oil and gas prices

  04-11-2015 16:59 via news.yahoo.com
  
  The Oklahoma City, Oklahoma company's shares fell 5 percent to $7.25 in morning New York Stock Exchange trading, as third-quarter cash flow fell short of Wall Street estimates. U.S. oil and gas producers are slashing budgets, costs and streamlining operations as a near 60 percent drop in global oil prices since June last year saps profitability. "We intend to meaningfully reduce our capital spending next year," Chesapeake Chief Executive Doug Lawler told investors on a conference call.
  
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• UPDATE 3-Chesapeake cuts budget again on weak oil and gas prices

  04-11-2015 16:55
  * Shares down 5 percent (Updates share price, adds details from conference call)
  
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• Wall St moves lower as energy sector rally ends

  04-11-2015 16:51 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – Wall Street was slightly lower on Wednesday morning, after two days of gains, fueled by a rally in energy stocks, pushed the three main indexes to within touching distance of their record highs. Seven of the 10 major S&P sectors were lower, with the healthcare sector’s 0.5 percent fall leading the decliners. The energy sector was down 0.17 percent, snapping a run of five straight days of gains. The three major indexes had a positive start in Novem
  
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• EXCLUSIVE-Renault-Nissan boardroom fight masks French merger push

  04-11-2015 16:31
  * Renault board to discuss riposte to France (Adds share price, analyst comment)
  
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• Avon to take "critical" look at dividends in 2016

  04-11-2015 16:20
  Nov 4 (Reuters) - Avon Products Inc, a direct seller of cosmetics, said it would look at dividend payments with a "more critical lens" in 2016 as it expects the dollar to have a bigger impact on...
  
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• Groupon deals another blow to investors

  04-11-2015 16:13
  Nov 4 (Reuters) - Exactly four years ago, Groupon Inc's initial public offering was priced at $20, valuing the company at $13 billion.
  
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• Price & Time: USDOLLAR – In Search of the End of Year Pain Trade

  04-11-2015 15:40
  
  Forgotten retracement continues to cap UsDollar. Dynamics of the end of the year suggest that an important move is looming.
  
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• UPDATE 2-New offerings help Michael Kors sales and profit beat expectations

  04-11-2015 15:37
  * Shares rise 2.5 pct (Adds details, background; updates shares)
  
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• Stocks get a lift from growth hopes

  04-11-2015 15:22 via rocketnews.com
  
  By Lionel LaurentLONDON (Reuters) – Global equities were set for their third straight day of gains on Wednesday, buoyed by positive economic data and a fresh pledge from the European Central Bank to ramp up stimulus if necessary. A stronger-than-expected reading for private-sector U.S. job growth added to the optimism, lifting the U.S. dollar and Treasury yields and putting Wall Street shares on track to open higher. Over the past month, markets have clawed back losses from a summer sell-o
  
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• CAC40 Draws Closer to Triangle Resistance

  04-11-2015 15:20
  
  The CAC40 (FR40) continues to advance inside of an ascending triangle. As price nears resistance, point and figure charts can be used to help determine the markets direction.
  
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• Brent: expected oil reserves growth in US

  04-11-2015 14:40 via liteforex.com
  Forex analytics: Current trendThe price of Brent crude oil has been growing for two weeks.The price is supported by demand growth expectations prior to beginning of the winter season and instability on the Middle East.However, in the medium-term oil will remain under pressure amid excess in supply on the market, as world economy growth is slowing while major oil exporters increase their output. In addition, ...
  
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• Miners help lift FTSE to one-week high, M&S gets earnings boost

  04-11-2015 14:13 via news.yahoo.com
  
  The blue-chip FTSE 100 index was up 1 percent at 6,444.53 points by 1239 GMT after rising to 6,459.46 points, the highest since late October. Trader and miner Glencore led the index higher, with its shares rising more than 6 percent after saying it was on track to reduce its debt to $20 billion from $30 billion. Glencore also plans to boost liquidity with asset sales and to cut copper output further to help lift prices.
  
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• Miners help lift FTSE to 1-week high, M&S gets earnings boost

  04-11-2015 14:02 via news.yahoo.com
  Britain's top share index climbed to its highest level in more than a week on Wednesday, buoyed by a strong rally in mining stocks and encouraging results from companies such as Marks and Spencer. The ...
  
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• UPDATE 2-Regeneron raises Eylea sales growth estimates again

  04-11-2015 13:55
  * Shares rise 3.8 pct premarket (Adds forecast, background)
  
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• UPDATE 2-Lumber Liquidators names new CEO as sales slump continues

  04-11-2015 13:45
  * Shares down 7 pct premarket (Adds CEO details, company background; compares Q3 results with estimates)
  
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• Earnings, poll results subdue markets; Sensex closes flat

  04-11-2015 13:32 via news.yahoo.com
  Mumbai, Nov 4 (IANS) Disappointing quarterly results coupled with uncertainty over Bihar assembly elections and anxiety surrounding a US rate hike dampened Indian equity markets on Wednesday.
  
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• USD/JPY Readying to Breakout of its Two-Plus Month Range

  04-11-2015 13:13
  
  USD/JPY, overlooked for its lack of interesting price action recently, warrants attention through the end of the year, and very likely into Q1'16.
  
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• USD/JPY: growth can continue

  04-11-2015 12:54 via liteforex.com
  Forex analytics: Current trendThis week the USD/JPY pair is growing.Despite the decision by the Bank of Japan in the end of October to leave its monetary policy unchanged, its Governor Kuroda stated that the regulator could further ease its policy if needed.Today major Chinese stock indices and the Japanese Nikkei Stock Average closed in green territory that could mean that stimulation measures introduced ...
  
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• Silver Price: More Sellers To Step In On a Break To The $15.20 Low

  04-11-2015 12:54
  
  The very short-term trend is a downward one, below yesterday's high of $15.45 and we may still reach the psychological level of $15.
  
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• GBP/USD Higher on Markit/CIPS Services PMI Improvement

  04-11-2015 11:42
  
  The British Pound rose versus the US Dollar after October’s Markit/CIPS Services PMI showed services growth accelerated.
  
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• S&P cuts rating of Japan's Sharp further into junk territory

  04-11-2015 11:17 via news.yahoo.com
  
  Ratings agency Standard & Poor's downgraded Japanese electronics maker Sharp Corp's debt to 'CCC+' from 'B-', further pushing it into junk territory, citing its deteriorating fortunes even after a bailout by banks earlier this year. Sharp has struggled to turn around its ailing liquid crystal display (LCD) business due to tough price competition among smartphone screen suppliers, turning to its banks for a $1.7 billion rescue in May, its second major package in three years. "We think that Sh
  
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• S&P cuts rating of Japan’s Sharp further into junk territory

  04-11-2015 11:17 via rocketnews.com
  TOKYO (Reuters) – Ratings agency Standard & Poor’s downgraded Japanese electronics maker Sharp Corp’s debt to ‘CCC+’ from ‘B-‘, further pushing it into junk territory, citing its deteriorating fortunes even after a bailout by banks earlier this year. Sharp has struggled to turn around its ailing liquid crystal display (LCD) business due to tough price competition among smartphone screen suppliers, turning to its banks for a $1.7 billion rescue in Ma
  
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• GBP/USD: fall is probable

  04-11-2015 11:04 via liteforex.com
  Forex analytics: Current trendAs markets are waiting for the Bank of England meeting tomorrow and its Interest Rate decision, the volatility in the pair is low.The pair is under pressure amid expectations of the Bank of England Minutes and positive macroeconomic data from the US.Today attention needs to be paid to the ADP Employment Change for October in the US that tends to affect the market dynamics, as ...
  
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• FTSE buoyed by mining shares, M&S earnings

  04-11-2015 10:57 via rocketnews.com
  By Kit ReesLONDON (Reuters) – UK shares advanced on Wednesday, buoyed by company results from Marks and Spencer that beat forecasts and hopes that mining commodity Glencore is reducing its debt. The blue-chip FTSE 100 index was up 0.8 percent at 6,433.08 points at 0922 GMT, broadly in line with other European indexes. Mining shares topped the index, led by Glencore. Its stock rose 6.4 percent after the company said that it was on track to reduce its debt to $20 billion from $30 billion. Th
  
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• UK's FTSE buoyed by mining shares, M&S earnings

  04-11-2015 10:55 via news.yahoo.com
  
  UK shares advanced on Wednesday, buoyed by company results from Marks and Spencer that beat forecasts and hopes that mining commodity Glencore is reducing its debt. The blue-chip FTSE 100 index was up ...
  
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• UK’s FTSE buoyed by mining shares, M&S earnings

  04-11-2015 10:55 via rocketnews.com
  * FTSE 100 up 0.8 pct* Glencore (Xetra: A1JAGV – news) on track to reduce debt, mining companies rally
  * M&S up on positive profit forecast
  * Housebuilders fall on sectoral concerns
  By Kit Rees
  LONDON Nov 4 (Reuters) – UK shares advanced on Wednesday,buoyed by company results from Marks and Spencer that beatforecasts and hopes that mining commodity Glencore is reducingits debt.
  The blue-chip FTSE 100 index was up 0.8 percent at6,433.08 points at 0922 GMT, broadly in line with oth
  
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• USD/CAD: Canadian Dollar continues growing

  04-11-2015 09:56 via liteforex.com
  Forex analytics: Current trendThe pair continues falling amid poor macroeconomic data from the US that substantially reduced expectations of an interest rate increase by the Fed before the end of the year.On Tuesday, data on the IBD/TIPP Economic Optimism for November showed a fall in the index from 47.3 to 45.5 points, against forecasted 47.5 points. In addition, Factory Orders for September fell by 1% and ...
  
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• DAX 30: The Trend Could Be Tested, Along with ISM Non-Manufacturing And ADP On Tap

  04-11-2015 09:47
  
  The German DAX has remained bid over the last week and we don’t expect any major change to this theme until we get a catalyst which triggers an end to this short-term trend.
  
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