Analyst news

• UPDATE 2-LinkedIn forecasts weak 1st-qtr profit, shares plunge

  04-02-2016 23:45
  
  * Shares plunge 27 pct after market (Adds details, background; updates shares)
  
  Read more

• UPDATE 7-Viacom names CEO Dauman as chair as Redstone exits; daughter protests

  04-02-2016 23:09
  
  NEW YORK, Feb 4 (Reuters) - Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an...
  
  Read more

• News Corp's revenue falls for fourth quarter in a row

  04-02-2016 23:06 via news.yahoo.com
  
  (Reuters) - News Corp's revenue fell for the fourth quarter in a row, hurt by a stronger dollar and dwindling advertising revenue in its core news and information services business, which includes Dow Jones and the Wall Street Journal. The company, which is controlled by media mogul Rupert Murdoch, said total revenue fell 4.3 percent to $2.16 billion in the second quarter ended Dec. 31. Analysts on average were expecting revenue of $2.13 billion, according to Thomson Reuters I/B/E/S. Revenue at
  
  Read more

• TREASURIES-Yields fall as investors position for Friday's jobs data

  04-02-2016 22:12 via news.yahoo.com
  
  Treasuries' yields ended lower on Thursday as data showed weaker U.S. growth and investors closed trades that had bet on further interest rate increases ahead of Friday's closely watched employment report. The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.
  
  Read more

• Advertisement

• Morgan Stanley's new president cements role as enforcer-in-chief

  04-02-2016 21:56 via news.yahoo.com
  
  By Olivia Oran NEW YORK (Reuters) - Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. In an internal risk meeting during the summer of 2010, the then head of trading at Morgan Stanley chastised colleagues for rolling up their shirt sleeves and dispensing with their jackets in the New York heat, according to a former executive. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James G
  
  Read more

• Investors, analysts pan ConocoPhillip's decision to slash payout

  04-02-2016 21:45
  
  HOUSTON, Feb 4 (Reuters) - When it split off its Phillips 66 refining arm in 2012, ConocoPhillips said a rich and growing dividend payout would entice investors and set it apart from other...
  
  Read more

• Zika fears attract fund managers to exterminator Rollins shares

  04-02-2016 21:39 via news.yahoo.com
  
  By David Randall NEW YORK (Reuters) - Rollins Inc , parent of extermination company Orkin, has seen its shares jump 5 percent during this year's stock market selloff because investors expect fears of the mosquito-borne Zika virus will lead to increased revenues. "If you have termites in your house you want to get that problem solved without calling around to get the best price.” A total of 59 mutual fund and hedge funds have added shares of the company over the last three months, a jump of
  
  Read more

• Gold Prices Shine in the Race to the Bottom

  04-02-2016 21:28
  While USD strength ran the table to start the year, the Fed taking a dovish tone has created a massive run in Gold prices.
  
  Read more

• Advertisement

• UPDATE 2-Toymakers Mattel, Hasbro held talks on possible merger-Bbg

  04-02-2016 21:22
  
  Feb 4 (Reuters) - U.S. toymakers Mattel Inc and Hasbro Inc have held talks about a possible merger, Bloomberg reported on Thursday, citing people familiar with the matter.
  
  Read more

• Amazon renews credit card deal with JPMorgan – WSJ

  04-02-2016 21:20
  (Reuters) – Online retailer Amazon.com Inchas renewed its long-running credit card relationship with JPMorgan Chase & Co , the Wall Street Journal reported.At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not available, the Journal said. A JPMorgan spokeswoman declined to comment. Amazon was not immediately available for comment.
  
  Read more

• USD/CAD Approaches Key Support Ahead of NFP- Buy Dips or Sell Rips?

  04-02-2016 20:55
  The USDCAD breakdown is targeting key support zones ahead of US & Canadian employment data tomorrow. Here are the updated targets & invalidation levels that matter.
  
  Read more

• PROFILE-Morgan Stanley's new president cements role as enforcer-in-chief

  04-02-2016 20:24 via news.yahoo.com
  
  Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. In an internal risk meeting during the summer of 2010, the then head of trading at Morgan Stanley (Xetra: 885836 - news) chastised colleagues for rolling up their shirt sleeves and dispensing with their jackets in the New York heat, according to a former executive. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James Gorman named h
  
  Read more

• Here’s a Part of the Housing Market That’s Really Booming

  04-02-2016 19:45 via news.yahoo.com
  
  The turmoil in the stock market hasn’t hurt homeowners’ plans to spend on their properties this year, according to a new Angie’s List survey. The survey found that among homeowners who’ve already set their spending budgets for 2016, nearly 79 percent plan to spend as much or more on home improvement projects compared to last year. The Angie’s List findings confirms a report issued by the Joint Center for Housing Studies at Harvard University last month, which projec
  
  Read more

• Crowded GoPro short sellers may soon face squeeze

  04-02-2016 19:37 via news.yahoo.com
  
  GoPro's fall from grace has created a rush by traders to short the camera maker's stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines. GoPro's troubles worsened on Wednesday when it forecast current-quarter revenue well below analysts' estimates, adding to a string of disappointments by a company that a year ago was a Wall Street favorite. Short interest in GoPro increased to 25.7 percent of its outstanding shares in mid-January fr
  
  Read more

• S&P, Nasdaq flat in choppy trading as oil pares gains

  04-02-2016 19:03 via news.yahoo.com
  
  Oil was lower after jumping 7 percent on Wednesday as the dollar weakened after weak U.S. data signaled that the U.S. Federal Reserve will hold off from raising rates this year. UBS cut its year-end target for the S&P 500 index to 2,175 points from 2,275 on Thursday and trimmed its earnings estimate for S&P 500 companies to $119 from $126 on weaker U.S. growth prospects.
  
  Read more

• European shares rise with Wall Street in choppy trade

  04-02-2016 19:03 via news.yahoo.com
  
  The CAC edged 0.04 percent higher, while the FTSE was up 1.06 percent. In keeping with recent volatility, European markets had rebounded in earlier trading comforted by a rise in oil prices after tumbling on Wednesday, then dipped, before finally reversing again. "The European markets find themselves trapped -- one day, it's oil, which brings them lower, the next day it's the banks, the day after it's the euro," analysts at Aurel BGC noted.
  
  Read more

• Clinton Insists She’s Not Beholden to Wall Street While Raking in $21.4 Million

  04-02-2016 19:03 via news.yahoo.com
  
  Sanders was at it again Wednesday night during a nationally televised Democratic presidential “town hall” in New Hampshire, arguing, “I do not know any progressive that has a super PAC and takes $15 million from Wall Street. When it was her time to be interviewed by CNN’s Anderson Cooper, Clinton was unrepentant about her long-standing financial ties to Wall Street and insisted she had not made a “bad error in judgement” by accepting $675,000 from Goldman Sach
  
  Read more

• China Unveils New Policies to Ease Capital Flows, Promote Social Welfare

  04-02-2016 18:59
  China issued a series of policies designed to promote the further development of its capital markets and the social welfare system.
  
  Read more

• USD/JPY Retail Positioning Stretched Ahead of NFP Report

  04-02-2016 18:55
  Despite the near-term selloff in USD/JPY, the retail FX crowd remains net-long, with positioning back at extremes ahead of the NFP report.
  
  Read more

• Toymakers Mattel and Hasbro held talks on possible merger-Bbg

  04-02-2016 18:52
  
  Feb 4 (Reuters) - U.S. toymakers Mattel Inc and Hasbro Inc are said to have held talks about a possible merger, Bloomberg reported, citing people familiar with the matter.
  
  Read more

• UPDATE 3-Weak sales at Kohl's, Ralph Lauren spark selloff in retailers

  04-02-2016 18:45
  
  * Kohl's estimates "significantly lower" 4th-qtr gross margin
  
  Read more

• Rising U.S. layoffs hint at ebbing labor market momentum

  04-02-2016 18:40 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment weakness were also flagged by another report on Thursday showing a 218 percent jump in announced job cuts by U.S.-based employers in January. The planned layoffs were concentrated in the energy and retail sectors. "The fut
  
  Read more

• UPDATE 2-Online food order company GrubHub delivers strong profit beat

  04-02-2016 18:20
  
  * Shares rise 20.4 pct (Adds CEO comment, details from conference call, updates shares)
  
  Read more

• UPDATE 3-Viacom names CEO Dauman as chair; Shari Redstone opposed

  04-02-2016 18:01
  
  NEW YORK, Feb 4 (Reuters) - Viacom Inc's board of directors named CEO Philippe Dauman as executive chairman on Thursday, replacing founder Sumner Redstone, overriding calls for an independent board...
  
  Read more

• SHARI REDSTONE SAYS GOING TO "CONTINUE TO ADVOCATE FOR WHAT SHE BELIEVES TO BE IN THE BEST INTERESTS OF VIACOM SHAREHOLDERS"-STATEMENT

  04-02-2016 18:01
  
  SHARI REDSTONE SAYS GOING TO "CONTINUE TO ADVOCATE FOR WHAT SHE BELIEVES TO BE IN THE BEST INTERESTS OF VIACOM SHAREHOLDERS"-STATEMENT
  
  Read more

• UPDATE 2-Coty's beauty push more than makes up for fading fragrances

  04-02-2016 17:50
  
  * Shares rise as much as 17 pct (Adds analyst comment, details, shares)
  
  Read more

• SHARI REDSTONE WAS ONLY BOARD MEMBER TO VOTE AGAINST DAUMAN AS EXECUTIVE CHAIR OF VIACOM -SOURCE

  04-02-2016 17:42
  
  SHARI REDSTONE WAS ONLY BOARD MEMBER TO VOTE AGAINST DAUMAN AS EXECUTIVE CHAIR OF VIACOM -SOURCE
  
  Read more

• Wall Street fluctuates as equities track oil prices

  04-02-2016 17:41
  By Tanya AgrawalREUTERS – U.S. stock indexes fluctuated on Thursday as equities tracked oil prices.Oil pared earlier gains but remained steady after jumping 7 percent on Wednesday as the dollar weakened after weak U.S. data and comments from a Fed policymaker signaled that further rate hikes could be delayed. The dollar index which measures the greenback againsta basket of six major currencies, hit 96.25, its lowest level in more than three months. “In the short term, we really need
  
  Read more

• Industries Qatar product price drop hits earnings

  04-02-2016 17:23
  * Q4 profit falls 65 pct to 570 million riyals* Ninth profit drop in past 11 quarters * Annual profit also down despite record sales volumes (Recasts, adds details) By Matt Smith DUBAI, Feb 4 (Reuters) – Petrochemicals, metals andfertiliser producer Industries Qatar (IQ) blamed lowerproduct prices for an extended earnings slump on Thursday. Although IQ’s sales volumes hit an all-time high, thestate-run firm reported a net profit of 570 million riyals ($157million) for the three month
  
  Read more

• TREASURIES- Bonds steady, Friday’s jobs report in focus

  04-02-2016 16:43
  (Updates prices, adds quotes, details on data)* Jobless claims increase
  * Friday’s jobs data in focus
  By Karen Brettell
  NEW YORK, Feb 4 (Reuters) – U.S(Other OTC: UBGXF – news) . Treasuries were steady onThursday as data showed weaker U.S. growth, with investorsfocused on an employment report on Friday for further signsabout economic momentum.
  The number of Americans filing for unemployment benefitsrose more than expected last week, suggesting some loss ofmomentum in the labor
  
  Read more

• European shares slip with Wall Street, but London firm

  04-02-2016 16:42
  
  European stocks were mostly weaker Thursday after a soft Wall Street opening, but shares in London rose after the Bank of England’s latest economic forecast.At around 1445 GMT, London’s benchmark FTSE 100 index stood out from the crowd at 0.57 percent higher, while Frankfurt shares were down 1.02 percent followed by Paris at 0.66 percent lower.European markets rebounded in earlier trading after tumbling on Wednesday, highlighting the recent volatility.
  Shares in the US were down at o
  
  Read more

• Anglo American shares surge, briefly post record daily gain

  04-02-2016 16:40
  
  LONDON, Feb 4 (Reuters) - Shares in diversified miner Anglo American briefly posted their biggest ever one-day percentage gain on Thursday, with other mining stocks also climbing on the back of...
  
  Read more

• EUR/USD Opens Higher After Bullish Breakout

  04-02-2016 16:35
  The EUR/USD is looking to push higher this morning after yesterday’s 232-pip advance
  
  Read more

• WTI Crude Oil Price Forecast: Oil Bulls May Soon Have Reason to Cheer

  04-02-2016 16:30
  WTI Has Reversed On Cue As The Dollar Drop Began. Now Eyes Will Turn to Last Week’s High.
  
  Read more

• UPDATE 2-Ralph Lauren's sales miss due to mild weather, fewer tourists

  04-02-2016 16:25
  
  * Shares fall to lowest in more than 5 years (Adds details, background; updates shares)
  
  Read more

• UPDATE 3-Nestle to buy rest of Israeli foodmaker Osem for $840 mln

  04-02-2016 16:22
  
  * Osem shares jump 22 percent in Tel Aviv (Adds market value of Osem after the deal)
  
  Read more

• EUR/USD – Was it Just Time to Breakout?

  04-02-2016 16:20
  EUR/USD trades at highest level in three months, 1.1260 The next important hurdle.
  
  Read more

• UPDATE 3-Conoco cuts dividend for first time in 25 years on crude crash

  04-02-2016 16:13
  
  * Shares fall 4 pct in morning trading (Adds details on first dividend cut in 25 years)
  
  Read more

• UPDATE 4-Sharp chooses Foxconn as preferred bidder over Japan fund -sources

  04-02-2016 15:59
  
  * Foxconn CEO flew to Osaka Thursday - source (Adds Foxconn CEO in Osaka)
  
  Read more

• UPDATE 2-Kohl's cuts profit estimate as holiday quarter disappoints

  04-02-2016 15:52
  
  * Shares fall as much as 15 pct (Adds details, background, shares)
  
  Read more

• U.S. accuses London trader of helping cause 2010 'flash crash'

  04-02-2016 15:36 via news.yahoo.com
  
  By Michael Holden LONDON (Reuters) - A London-based trader's market manipulation helped cause the 2010 Wall Street "flash crash" which netted him some $878,000 profit, a prosecutor for U.S authorities seeking his extradition said on Thursday. Navinder Sarao, arrested by British police on a U.S. warrant last April, has been indicted by a U.S. federal grand jury on 22 criminal counts including wire fraud, commodities fraud and attempted price manipulation. Mark Summers, for the United States, said
  
  Read more

• Wall St. opens lower after weak economic data

  04-02-2016 15:35 via news.yahoo.com
  
  (Reuters) - Wall Street opened lower on Thursday after weak U.S. economic data heightened investors' fears of a slowdown in the economy.
  
  Read more

• USDCAD Technical Analysis: CAD Bulls Face key Test at Fib & Channel Support (Levels)

  04-02-2016 15:35
  USDCAD Plunged ~750+ Pips since the end of last week, now attention turns to USD & Oil for next big move.
  
  Read more

• UPDATE 1-Online food order company GrubHub delivers sales beat

  04-02-2016 15:26
  
  Feb 4 (Reuters) - Online food order and delivery company GrubHub Inc reported better-than-expected quarterly revenue as more diners used its services to order meals.
  
  Read more

• U.S. jobs market signals loss of momentum; productivity plunges

  04-02-2016 15:24 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment weakness were also flagged by another report on Thursday showing a 218 percent jump in announced job cuts by U.S.-based employers in January. The planned layoffs were concentrated in the energy and retail sectors.  In
  
  Read more

• US DOLLAR Technical Analysis: The Day the Dollar Died?

  04-02-2016 15:05
  The FXCM US Dollar dropped by its largest amount since March 18, now the question remains, who is brave enough to buy the dip?
  
  Read more

• S&P cuts Glencore's credit rating, outlook stable

  04-02-2016 15:04 via news.yahoo.com
  
  (Reuters) - Standard & Poor's downgraded commodities trader and miner Glencore's credit rating on Thursday, citing a slump in commodities prices and uncertainty about metals demand. S&P cut Glencore's credit ratings to BBB-/A-3 from BBB/A-2, with a stable outlook. "The downgrade reflects both our view of the material challenges the mining industry faces, with increased uncertainty about future operating performance in 2016 and 2017," S&P said in a statement.
  
  Read more

• UPDATE 4-Statoil shares jump on earnings, progress on costs

  04-02-2016 14:58
  
  * Plans $13 bln capex, down from $14.7 bln spent last year (Recasts, adds comments, cost-cutting details, shares)
  
  Read more

• Statoil shares jump on earnings, progress on costs

  04-02-2016 14:58 via news.yahoo.com
  
  OSLO/LONDON, Feb 4 (Reuters) - Statoil (Xetra: 675213 - news) cheered investors on Thursday with better-than-expected profits, progress in lowering breakeven prices for important projects and a modest spending plan for 2016. Statoil announced a quarterly dividend of $0.2201 per share and pledged to keep it at that level for the first three quarters of this year despite calls from labour unions and some politicians to reduce payouts. "We would have preferred to see a rebasement rather than share
  
  Read more

• UPDATE 5-Credit Suisse's Thiam under pressure after first loss since 2008

  04-02-2016 14:57
  
  * Shares fall as much as 13 pct to 1992 low (Adds comments from news conference, updates shares)
  
  Read more

Follow @news_analyst on Twitter!