Analyst news

• Telecom Italia nine-month core earnings down 14.8 percent, in line with expectations

  05-11-2015 23:41 via rocketnews.com
  MILAN (Reuters) – Telecom Italia on Thursday reported a 14.8 percent drop in core earnings for the first nine months, hit by one-off charges and further deterioration in its key Brazilian market.
  Italy’s biggest phone group said earnings before interest, tax, depreciation and amortization (EBITDA) fell to 5.6 billion euros ($6.09 billion), in line with an analyst consensus forecast provided by the company of 5.65 billion euros. Excluding the effects of the 460 million euros in one-o
  
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• Disney profit rises with gains at cable networks

  05-11-2015 23:34 via rocketnews.com
  By Lisa Richwine and DevikaKrishna Kumar(Reuters) – Walt Disney Co reported a rise in quarterly profit that beat Wall Street forecasts as cable networks including ESPN brought in higher advertising revenue and collected more fees from pay TV distributors. Revenue came in slightly below analysts’ estimates. The company also said it lost subscribers at certain cable networks while it gained customers from the SEC Network launched last year. Disney shares fell 0.62 percent in after-hour
  
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• News Corp's revenue falls for third straight quarter

  05-11-2015 23:09 via news.yahoo.com
  
  (Reuters) - News Corp's quarterly revenue fell for the third straight quarter as income from its core news and information services business, which includes Dow Jones and the Wall Street Journal, declined further. The company, controlled by Rupert Murdoch, said on Thursday revenue from its news and information business fell about 11 percent to $1.29 billion in the first quarter. The business, which accounted for nearly two-thirds of its total revenue, has been struggling for the past few years a
  
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• TSX weighed down by earnings disappointments; Valeant plunge

  05-11-2015 23:08 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - A plunge in shares of drugmaker Valeant and sharp retreats in several other companies on the back of disappointing earnings reports pushed Canada's main stock index lower on Thursday. Valeant Pharmaceutical International Inc slumped 14.7 percent to C$103.37, touching its lowest level since mid-2013, heaping new pressure on its CEO after weeks of steep declines. Auto maker Magna International Inc fell 10.3 percent to C$62.42 after reporting a drop in quarterl
  
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• Stocks edge lower in quiet session before jobs report

  05-11-2015 22:55 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market ended Thursday's trading slightly lower as investors were hesitant to make any large bets before the release of the government's closely watched jobs report, out Friday.
  
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• News Corp’s quarterly revenue falls 4.5 percent

  05-11-2015 22:47 via rocketnews.com
  (Reuters) – News Corp’s quarterly revenue fell for the third straight quarter as income from its core news and information services business, which includes Dow Jones and the Wall Street Journal, declined further. The company, controlled by Rupert Murdoch, said on Thursday revenue from its news and information business fell about 11 percent to $1.29 billion in the first quarter.The business, which accounted for nearly two-thirds of its total revenue, has been struggling for the past
  
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• Wall Street slips after mixed earnings as jobs report looms

  05-11-2015 22:43 via news.yahoo.com
  
  Qualcomm weighed the most on the S&P 500, falling 15.3 percent to $51.07 after the chipmaker forecast first-quarter profit below expectations. Overall declines were limited by a rise in Facebook shares following the social media company's strong quarterly results, and a 0.4 percent gain in the financial sector . Facebook shares jumped 4.6 percent to $108.76.
  
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• Wall St slips after mixed earnings as jobs report looms

  05-11-2015 22:43 via news.yahoo.com
  
  (Reuters) - U.S. stocks edged lower on Thursday as investors digested mixed tech and healthcare earnings a day ahead of Friday's U.S. jobs report.
  
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• U.S. stocks fall with oil, other commodities; yields rise

  05-11-2015 22:42 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Wall Street closed lower on Thursday as energy shares were weighed down by falling crude prices while U.S. treasury yields rose and gold prices fell as investors bet U.S. jobs on Friday could help prompt an interest rate hike as soon as next month. A day after Federal Reserve Chair Janet Yellen referred to December as a "live possibility" for a U.S. rate hike, investors were waiting for Friday's key monthly nonfarm payrolls report to gauge if the data is stro
  
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• Valeant CEO feels heat as shares tumble to two-and-a-half year lows

  05-11-2015 22:03 via news.yahoo.com
  
  By Caroline Humer and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - Valeant Pharmaceuticals International Inc shares fell as much as 20 percent on Thursday to a level not seen since 2013, heaping new pressure on Chief Executive Officer Michael Pearson after weeks of steep losses due to concerns about the drugmaker’s business practices. Valeant has denied the allegations, but has not allayed investor concerns as new reports surface of questionable billing practices at Philidor. One new tr
  
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• Valeant CEO feels heat as shares tumble to 2-1/2 year lows

  05-11-2015 21:53 via news.yahoo.com
  
  By Caroline Humer and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - Valeant Pharmaceuticals International Inc shares fell as much as 20 percent on Thursday to a level not seen since 2013, heaping new pressure on Chief Executive Officer Michael Pearson after weeks of steep losses due to concerns about the drugmaker’s business practices. Valeant has denied the allegations, but has not allayed investor concerns as new reports surface of questionable billing practices at Philidor. One new tr
  
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• Key Reversal Day Sets Ominous Tone for GBP/JPY

  05-11-2015 21:32
  
  A reversal off slop resistance on today’s BoE rate decision keeps the focus weighted to the downside for GBPJPY. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street falls on mixed earnings as jobs report looms

  05-11-2015 21:01 via rocketnews.com
  By Lewis Krauskopf(Reuters) – U.S. stocks slipped on Thursday, weighed down by energy and healthcare shares and a disappointing report from Qualcommahead of Friday’s U.S. jobs report. Qualcommwas the biggest drag on the S&P 500, falling 16.7 percent after the chipmaker forecast first-quarter profit below expectations, while biotech Celgenefell 5.4 percent after its quarterly revenue missed targets. Losses were limited by Facebook’sstrong quarterly results which sent its sha
  
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• US STOCKS-Wall St falls on mixed earnings as jobs report looms

  05-11-2015 20:58 via rocketnews.com
  * Financials up, utilities down on December rate hike view* Facebook (NasdaqGS: FB – news) hits record high after strong results
  * Indexes down: Dow 0.19 pct, S&P 0.28 pct, Nasdaq (NasdaqGS: NDAQ – news) 0.53 pct (Updates to late afternoon)
  By Lewis Krauskopf
  Nov 5 (Reuters) – U.S(Other OTC: UBGXF – news) . stocks slipped on Thursday, weigheddown by energy and healthcare shares and a disappointing reportfrom Qualcomm(Hanover: QCI.HA – news) ahead of Friday&rsquo
  
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• GLOBAL MARKETS-U.S. stocks fall, dollar and Treasury yields rise

  05-11-2015 20:57 via rocketnews.com
  * U.S(Other OTC: UBGXF – news) . stocks fall, investors await Friday’s jobs report* Dollar pares gains after surge to 3-month high
  * Oil down, U.S. Treasury yields up (Updates with afternoon trading, commentary)
  By Sinead Carew
  NEW YORK, Nov 5 (Reuters) – U.S. stocks fell in choppy WallStreet trading on Thursday, a day ahead of a key U.S. jobsreport, while the dollar pared gains after U.S. economic dataand Treasury yields rose.
  The United States last week had its biggest rise i
  
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• Valeant shares tumble to 2-1/2 year lows

  05-11-2015 19:40 via news.yahoo.com
  
  By Caroline Humer and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - Valeant Pharmaceuticals International Inc shares fell as much as 20 percent on Thursday to a level not seen since 2013, heaping new pressure on Chief Executive Officer Michael Pearson after weeks of steep losses due to concerns about the drugmaker’s business practices. One new trigger for selling, said BMO analyst Alex Arfaei, may be a Wall Street Journal article on Thursday in which major Valeant investor Bill Ackman, w
  
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• Valeant shares tumble to two-and-a-half year lows

  05-11-2015 19:36 via news.yahoo.com
  
  By Caroline Humer and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - Valeant Pharmaceuticals International Inc shares fell as much as 20 percent on Thursday to a level not seen since 2013, heaping new pressure on Chief Executive Officer Michael Pearson after weeks of steep losses due to concerns about the drugmaker’s business practices. One new trigger for selling, said BMO analyst Alex Arfaei, may be a Wall Street Journal article on Thursday in which major Valeant investor Bill Ackman, w
  
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• FireEye stock plunges as results, outlook disappoint

  05-11-2015 19:36 via news.yahoo.com
  
  FireEye Inc shares lost about a quarter of their value Thursday as the former Wall Street darling missed quarterly forecasts and cut its outlook, saying reduced Chinese hacking had hurt U.S. demand and sales fell short in Europe. Wall Street analysts and industry watchers said that they were skeptical of FireEye's assertion that a U.S.-China agreement to clamp down on hacking had hurt sales at a time when corporations are placing unprecedented attention on efforts to beef up security. "This is a
  
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• Wall Street off lows; health stocks, weak reports drag

  05-11-2015 19:22 via news.yahoo.com
  
  U.S. stocks moved off session lows on Thursday afternoon, but were still weighed down by a raft of weak earnings reports, while the healthcare sector fell after the U.S. launched a probe into drug prices. Facebook rose as much as 6.5 percent to $110.65 and gave the biggest boost to the S&P and Nasdaq. Half of the 10 major S&P sectors were lower, with the healthcare sector down 0.34 percent.
  
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• Retail FX Remains Net-Long EUR/USD Ahead of NFP- 1.0800 Key Support

  05-11-2015 19:15
  
  Despite the dovish rhetoric from ECB officials, the retail FX crowd remains net-long EUR/USD ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report.
  
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• Saputo second-quarter earnings dip on lower dairy prices

  05-11-2015 18:51 via news.yahoo.com
  
  (Reuters) - Saputo Inc , one of Canada's largest dairy producers, said on Thursday its second-quarter earnings were down from the same period a year earlier on lower prices for cheese and butter. Analysts were expecting Saputo to earn 37 Canadian cents per share on revenue of C$2.74 billion, according to Thomson Reuters I/B/E/S. Saputo's shares eased 0.2 percent to C$31.64 in Toronto. The Montreal-based company, whose brands include Dairyland milk and Armstrong cheese, is among the top three che
  
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• UK shares fall, weighed down by resources stocks

  05-11-2015 18:41 via news.yahoo.com
  
  By Kit Rees LONDON (Reuters) - Britain's stock market retreated on Thursday as energy shares fell on dollar strength despite an earlier market rally after dovish remarks by Bank of England Governor Mark Carney. The Bank of England forecast little pick-up in inflation as it held interest rates steady, prompting investors to push back expectations for a rate hike. Seven of the eight BoE policymakers voted to keep interest rates unchanged at a record low of 0.5 percent, where they have been since 2
  
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• Oil cuts loss on Wall Street rebound; oversupply still weighs

  05-11-2015 18:41 via news.yahoo.com
  
  U.S. crude oil futures fell about half percent on Thursday while Brent steadied, tracking an oversupplied market and weak gasoline prices before rebounding on the improved sentiment on Wall Street. Crude prices fell nearly 4 percent on Wednesday after the U.S. government reported a 2.85 million-barrel crude inventory spike as higher domestic production made up for lower imports last week. In Thursday's session, U.S. crude's West Texas Intermediate (WTI) futures were down 30 cents at $46.02 a bar
  
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• FireEye plunges on earnings miss, CEO blames China cyber deals

  05-11-2015 17:20 via rocketnews.com
  By Jim Finkle and Abhirup Roy(Reuters) – FireEye Incshares lost a quarter of their value Thursday as the cyber security firm that was once a darling of Wall Street missed quarterly forecasts and cut its outlook, saying reduced Chinese hacking had hurt demand.At least 11 brokerages cut FireEye stock targets, pushing the median target to $32 from $54.50. Wall Street analysts and industry watchers said that they were skeptical of FireEye’s assertion that a U.S.-China agreement to clamp
  
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• Valeant shares tumble 20 percent, retrace ground to 2013 levels

  05-11-2015 16:59 via rocketnews.com
  NEW YORK (Reuters) – Valeant Pharmaceuticals International Incshares fell as much as 20 percent on Thursday, building on weeks of steep losses over concerns about its ties to speciality pharmacy Philidor Rx Services, which is accused of improperly boosting sales of Valeant drugs. Valeant’s U.S.-traded shares hit their lowest since May 2013, falling as low as $73.37. At midmorning, the stock was down 17.3 percent to $75.89. Volume also spiked as the stock hit its lowest in more than
  
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• Forex Sentiment Points to USD Strength versus these Currencies

  05-11-2015 16:55
  
  Retail forex traders remain heavily short the US Dollar. Our analysis points to continued USD gains against these key currencies.
  
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• US Dollar Remains in Control versus Canadian Dollar

  05-11-2015 16:50
  
  Our retail forex trader data shows that the majority of traders remain net-short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into USD/CAD strength.
  
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• New Zealand Outlook Remains Bearish

  05-11-2015 16:50
  
  Our retail FX trader positioning data shows that the trading crowd has recently turned marginally net-long the New Zealand Dollar versus the US Dollar. And a contrarian view of herd sentiment leaves us with a bearish short-term trading bias.
  
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• Gold Prices Likely to Fall Further Until this Changes

  05-11-2015 16:50
  
  Aggressively one-sided retail forex trader positioning warns that Gold prices may continue to decline through near-term price action.
  
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• Forex Sentiment Data Shows that Euro Remains a Sell

  05-11-2015 16:50
  
  Retail FX traders remain aggressively long the Euro versus the US Dollar, and a contrarian view of crowd sentiment warns that the EUR/USD may continue onto fresh lows.
  
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• British Pound at Risk of Continued Declines

  05-11-2015 16:50
  
  Retail FX traders remain steadily long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment warns that the GBP/USD may continue onto fresh lows.
  
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• Australian Dollar Forecast Calls for Further Weakness

  05-11-2015 16:50
  
  The retail forex trading crowd remains steadily long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves our long-standing bearish trading bias intact.
  
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• Fed, IMF officials say bank culture still poses stability risk

  05-11-2015 16:17 via news.yahoo.com
  
  By Jonathan Spicer NEW YORK (Reuters) - The culture within the world's biggest banks remains a possible source of instability seven years after the depths of the financial crisis, and more work is needed to reform the underlying causes of misconduct, top U.S. Federal Reserve and International Monetary Fund officials said on Thursday. New York Fed President William Dudley kicked off a conference of bankers and regulators with a warning that public trust in financial institutions has been compromi
  
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• Price & Time: GBP/USD – Turns Down Sharply From Timing Symmetry

  05-11-2015 16:15
  
  GBP/USD broke again 200-day moving average, is there a larger topping pattern in play?
  
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• Stocks open flat on mixed earnings

  05-11-2015 16:01 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks were mostly unchanged in early trading Thursday, following mixed quarterly results from companies like Facebook and Whole Foods.
  
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• FireEye shares tumble after company cuts forecasts

  05-11-2015 15:52 via news.yahoo.com
  
  (Reuters) - FireEye Inc shares tumbled nearly 18 percent on Thursday after the cyber security firm missed quarterly forecasts and cut its revenue outlook, saying that a reduction in cyber spying from China had hurt demand for its products. Wall Street analysts and industry watchers said that they were sceptical of FireEye's assertion that a U.S.-China agreement to clamp down on hacking had hurt sales of the cyber security firm, at a time when corporations are placing unprecedented attention on e
  
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• The EUR/USD Retraces to Daily Pivot Resistance

  05-11-2015 15:40
  
  The EUR/USD has moved to resistance in an ongoing downtrend. Learn today’s trading values with the Chart of The Day!
  
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• Bank of England deals blow to sterling, global outlook

  05-11-2015 15:11 via news.yahoo.com
  
  European stock markets gained while sterling sank on Thursday after the Bank of England poured cold water on the idea that the road is clear for it and the Federal Reserve to start raising interest rates shortly. Asian markets ended mixed and oil prices flat, but Wall Street looked set to open higher, turning back falls a day earlier on signals the U.S. central bank will seriously consider raising rates next month. An adverse reaction from global markets to September's policy meeting put the Fed
  
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• MIDEAST STOCKS-Saudi slips, real estate firms boost Dubai and Egypt

  05-11-2015 15:08 via news.yahoo.com
  
  * Sipchem drops after saying it may skip dividend * Saudi Printing and Packaging plunges, may have peaked * Egyptian real estate shares surge * Ezz Steel rises despite wider quarterly loss * No impact on tourism shares from Sinai bomb suspicions By Andrew Torchia DUBAI, Nov 5 (Reuters) - Saudi Arabia's stock market fell on Thursday after oil prices slipped again, as real estate developers boosted the Dubai and Egyptian bourses. Brent crude tumbled nearly 4 percent overnight, to back below $50 a
  
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• Indexes set to open higher as December rate hike back on cards

  05-11-2015 14:58 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stock indexes were set for a higher open on Thursday, a day after Federal Reserve Chair Janet Yellen indicated that an interest rate hike in December was a “live possibility”.
  Wall Street closed lower on Wednesday, retracing recent gains along with energy shares, while Yellen’s comments added to investor caution.
  Stocks have rallied since the Fed signaled last week that a December rate hike was still on the table, yet the ongoing deba
  
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• Cable Snaps on BoE’s Dovish Tone on Super Thursday

  05-11-2015 14:56
  
  The Bank of England took a surprisingly dovish-tone at this morning's meeting, and this opens the door for additional strategies to play monetary policy divergences.
  
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• Poor bank culture a stability risk; work needed – Fed’s Dudley

  05-11-2015 14:53 via rocketnews.com
  NEW YORK (Reuters) – The culture within big banks remains a possible source of financial instability seven years after the worst crisis since the Great Depression, and more work is needed to reform the underlying causes of Wall Street misconduct, a top Federal Reserve official said on Thursday. New York Fed President William Dudley kicked off a conference of bankers and regulators with a warning that public trust in financial institutions has been compromised, and he urged Wall Street to
  
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• UK shares advance after BOE strikes dovish tone

  05-11-2015 14:49 via news.yahoo.com
  
  By Kit Rees LONDON (Reuters) - Britain's stock market rose on Thursday after the Bank of England as it predicted little pick-up in inflation as it held interest rates steady, prompting investors to push back expectations for a rate hike. Seven of the eight policymakers voted to keep interest rates unchanged at a record low of 0.5 percent, and the central bank reduced its forecast for economic growth for this year and 2016. "Today’s Bank of England interest rate announcement was more dovish
  
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• GBP/USD Slides as BoE Cuts Forecasts, Keeps ZIRP Policies in Place

  05-11-2015 13:52
  
  GBP/USD dropped over -100-pips in the first 20-minutes after the BoE’s trifecta of releases, known as “Super Thursday.”
  
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• USD/JPY: Dollar growing

  05-11-2015 13:50 via liteforex.com
  Forex analytics: Current trendThe USD/JPY pair continues growing amid investor’ demand for the USD and poor macroeconomic data from Japan, where the Manufacturing PMI for October fell from 52.5 to 52.4 points.The USD, on the other hand, was supported by strong data on the construction sector and the labour market that showed growth in the indices above their forecasts. Furthermore, in her yesterday’s ...
  
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• Silver PricesTrade Sideways Ahead of Jobless Claims

  05-11-2015 13:32
  
  Silver reached our target of $15 and we are now expecting price to reach $14.85 in the days ahead.
  
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• Silver Prices Trades Sideways Ahead of Jobless Claims

  05-11-2015 13:32
  
  Silver reached our target of $15 and we are now expecting price to reach $14.85 in the days ahead.
  
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• AUD/USD: monetary policy easing

  05-11-2015 13:13 via liteforex.com
  Forex analytics: Current trendOn Thursday the RB of Australia kept its key interest rate unchanged at 2% but noted that inflation in the country is going to remain low which, however, allows for the rate reduction when necessary. Furthermore, in his speech today RBA Governor Glenn Stevens signalled that the regulator is ready to ease monetary policy further. As the economy of Australia highly depends on export ...
  
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• FTSE 100 Refuses To Trade Higher

  05-11-2015 13:09
  
  Looking beyond the near term, a professional money manager we have been in touch with is still optimistic and forecasts that the FTSE 100 will trade higher from current levels.
  
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• MIDEAST MONEY-Cheap oil eats into Saudi corporate profits, more pain ahead

  05-11-2015 13:06 via rocketnews.com
  * Total net profits shrink 14 pct on year in Q3* Cost-cutting helps petrochemical firms fare better thanfeared * But earnings drop at construction firms, retailers * Wage restraint, fuel reforms may have further impact * Saudi Arabia entering period of lower earnings growth By Katie Paul DUBAI, Nov 5 (Reuters) – Saudi Arabian corporate earningsshrank during the third quarter of this year as low oil pricesbegan hurting the wider economy, and are unlikely to achieveanything more than modest
  
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