Analyst news

• Google's parent Alphabet misses Wall Street view

  21-04-2016 23:30 via news.yahoo.com
  
  Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday, driving shares of the Web search company down more than 4 percent in late trading on Thursday. Alphabet, the world's No.2 publicly traded company by market capitalization, said consolidated revenue rose to $20.26 billion from $17.26 billion. Rosenblatt Securities analyst Martin Pyykkonen said the effect of foreign currency was worse for Alphabet than expected.
  
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• AMD revenue beats, company signs $293 million licensing agreement

  21-04-2016 23:08 via news.yahoo.com
  (Reuters) - Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd (THATIC), an investment unit of Chinese Academy of Sciences. The company has been struggling with weak demand from China, its biggest market,
  
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• US stock indexes close lower as market snaps 3-day rally

  21-04-2016 23:04 via news.yahoo.com
  
  A steep slide in traditional safe-play stocks such as phone companies and utilities weighed on Wall Street Thursday, snapping a three-day winning streak for the market.
  
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• Microsoft reports weak results despite turnaround effort

  21-04-2016 22:49 via news.yahoo.com
  In a sign that Microsoft is still finding its way in the post-PC era, the tech giant reported a surprise drop in quarterly sales and profit. Wall Street was expecting the company to show positive results ...
  
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• Starbucks cafe sales growth falls short, shares fall

  21-04-2016 22:30 via news.yahoo.com
  
  (Reuters) - Starbucks Corp on Thursday reported global cafe sales growth that fell just short of Wall Street expectations. Shares of the world's biggest coffee chain fell 4.9 percent to $57.85 after it said global sales at cafes open at least 13 months were up 6 percent for the second quarter ended March 27. Analysts had expected an overall same-cafe sales gain of 6.7 percent, according to research firm Consensus Metrix. (Reporting by Lisa Baertlein in Los Angeles; Editing by Richard Chang)
  
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• US STOCKS-Wall Street cedes ground after mixed bag of earnings

  21-04-2016 22:28 via news.yahoo.com
  Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications (Xetra: 868402 - news) that a strike by workers would likely impact its bottom line. The Dow Jones industrial average declined 0.63 percent to end at 17,982.52 points and the S&P 500 lost 0.52 percent to 2,091.48.
  
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• Wall Street cedes ground after mixed bag of earnings

  21-04-2016 22:26 via news.yahoo.com
  
  Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.
  
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• TSX falls as financial and consumer stocks retreat

  21-04-2016 22:14 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock market index fell on Thursday as losses for financial and consumer stocks offset gains for resource stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 30.09 points, or 0.22 percent, at 13,881.20. Six of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Diane Craft)
  
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• US STOCKS SNAPSHOT-Wall St snaps 3-day win streak on mixed earnings

  21-04-2016 22:02 via rocketnews.com
  NEW YORK, April 21 (Reuters) – Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications (Xetra: 868402 – news) that a strike by workers would likely impact its bottom line.
  The Dow Jones industrial average fell 111.19 points, or 0.61 percent, to 17,985.08, the S&P 500 lost 10.86 points, or 0.52 percent, to 2,091.54 and the Nasdaq Composite dropped 2.24 points, or 0.05 percent, to 4,945.89. (Rep
  
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• Southwest would consider new variant of Boeing 737 jet: COO

  21-04-2016 20:50 via news.yahoo.com
  
  The Wall Street Journal reported earlier that Boeing is considering whether to build a replacement of the smallest 737 MAX jet that could fly farther and fend off competition from Bombardier Inc's fledgling CSeries aircraft. Boeing is locked in a fierce battle for market share with Airbus Group SE, which has outsold it recently in narrowbody jets. However, both manufacturers are anxious to protect their jet market duopoly against newcomers like Canada's Bombardier, which looks poised to win
  
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• US STOCKS-Wall Street retreats after mixed bag of earnings

  21-04-2016 20:41 via news.yahoo.com
  Wall Street retreated on Thursday, heading for its first loss in four sessions after a mixed bag of quarterly reports and a warning by Verizon Communications (Xetra: 868402 - news) that a strike by workers would likely impact its bottom line. Tech heavyweights Alphabet (Xetra: ABEA.DE - news) and Microsoft (Euronext: MSF.NX - news) were set to hand in their results after the bell. Weighing most on the S&P 500, Verizon (NYSE: VZ - news) 's shares slumped 4.3 percent after the company said a s
  
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• Blackstone eyes bargains after first quarter earnings miss forecast

  21-04-2016 20:32 via news.yahoo.com
  
  Blackstone Group, the world's largest alternative asset manager, on Thursday posted unexpectedly weak earnings growth between January and March, hit by a difficult financial market, but it promised to scour for bargains in a tough environment. The earnings report resonated with a cooldown in private equity dealmaking this year, as the market for high-yield bonds and loans, the lifeblood of private equity, struggles to recover after stumbling late last year. New York-based Blackstone said its eco
  
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• Ferragamo says CEO Norsa to leave post by end of 2016

  21-04-2016 19:26 via news.yahoo.com
  
  Salvatore Ferragamo's Chief Executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the Italian luxury goods maker, the company said in a statement on Thursday. The change comes only a month after Ferragamo announced that its creative director Massimiliano Giornetti had stepped down. Norsa joined Ferragamo as CEO in 2006 and led the company during its 2011 stock market listing.
  
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• Weak earnings, drop in oil weigh on Wall Street

  21-04-2016 19:09 via news.yahoo.com
  
  A slew of mixed earnings reports by bellwethers and a drop in oil prices piled pressure on stocks with the three major indexes trading slightly lower on Thursday. Crude fell about 1 percent, but hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in 25 years. A recent rebound in oil, better-than-expected corporate results and a cautious Federal Reserve have pushed the S&P 500 to striking distance of its life-high of
  
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• China’s Market News: Currency Regulator Comments on Yuan Volatility

  21-04-2016 18:49
  China’s foreign exchange regulator commented on Chinese Yuan price action to date. Here’s what they said on future moves.
  
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• US Dollar Remains a Sell while S&P 500 is a Buy - What could Change?

  21-04-2016 18:25
  Heavily one-sided retail FX and CFD trader sentiment warns the US Dollar may continue to lose versus the Euro and Japanese Yen, while we expect the S&P 500 and German DAX will rally until this changes.
  
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• US Dollar to Fall Further versus Japanese Yen

  21-04-2016 18:20
  Retail FX traders remain extremely net-long the US Dollar versus the Japanese Yen, and a contrarian view of crowd sentiment points to further USD/JPY weakness.
  
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• S&P 500 Remains a Buy until this Changes

  21-04-2016 18:20
  Retail traders are their most short the SPX500—a CFD which tracks the price of the US S&P 500—since its inception.
  
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• Gold Price Outlook Remains Bullish until this Changes

  21-04-2016 18:20
  Retail FX traders have sold aggressively into recent Gold price strength, and a contrarian view of crowd sentiment favors a XAU/USD rally onto fresh highs.
  
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• German DAX Likely to Hit Fresh Highs

  21-04-2016 18:20
  Retail traders remain heavily short the GER30—a CFD contract which tracks the German DAX—and a contrarian view of crowd sentiment points to further DAX gains.
  
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• Euro Forecast Could Shift Rapidly

  21-04-2016 18:20
  Retail FX traders remain short the Euro versus the US Dollar, and a contrarian view of crowd sentiment favors near-term Euro strength.
  
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• British Pound Downtrend May Finally be Over

  21-04-2016 18:20
  Retail FX traders have recently sold into British Pound gains versus the US Dollar, and a contrarian view of crowd sentiment suggests the GBP/USD could continue onto fresh highs.
  
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• Qatar First Bank (QFB) announces second Qatar share float since 2010

  21-04-2016 18:01 via rocketnews.com
  DOHA, April 20 (Reuters) – Qatar First Bank (QFB) will list shares on the Qatar exchange on Sunday, a bourse statement said, in what will be only the second flotation on Qatar’s stock market since 2010.
  The sharia-compliant financial institution which has long been linked with a flotation has only put its shares onto the bourse to trade and will raise no new money from the event, the bank’s chief executive Ziad Makkawi told Reuters.
  The reference price of the shares will be QR
  
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• General Motors profits more than double on record North America earnings

  21-04-2016 17:46 via news.yahoo.com
  General Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America. After paying $60 million to settle stockholder lawsuits over an ignition switch debacle, GM earned $1.26 per share. GM nearly broke even in Europe for the quarter, made strong profits in China and narrowed its losses in challenging South America en route to record pretax profits of $2.7 billion for a first-quarter.
  
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• Wall Street flat as investors assess earnings reports

  21-04-2016 17:37 via news.yahoo.com
  
  Wall Street was flat on Thursday after a raft of mixed quarterly earnings and a slide in oil prices kept investors on the sidelines. Crude fell nearly 2 percent, but hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in 25 years. "Right now, it's probably just taking a little breather because it has come so far so fast, but I still see the market moving up and attempting to get back to breakeven." At 11:07 a.m. ET, the
  
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• Strike to pressure Verizon earnings; first quarter net income meets estimates

  21-04-2016 17:10 via news.yahoo.com
  
  Verizon Communications Inc said an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter, even as it reported first-quarter net income that met analyst expectations amid strong tablet sales. Shares of Verizon, the No. 1 U.S. wireless carrier, were down 1.3 percent at $50.47 in late morning trading on Thursday. If the strike, now in its second week, continues for an extended period of time, it could pressure full-year earnings, Chief Financial Officer Fran Sh
  
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• European stocks slip as ECB insists policies working

  21-04-2016 17:10 via news.yahoo.com
  
  European stock markets dipped Thursday while US shares got off to a hesitant start, as the European Central Bank kept borrowing costs steady despite criticism from powerhouse Germany. Small losses in Frankfurt, London and Paris in mid afternoon trades were largely unchanged from before the ECB's announcement, while Wall Street was also steady after a rash of earnings reports. Analysts said ECB chief Mario Draghi had opted for stability after last month's bazooka raft of stimulus measures that in
  
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• Strike to pressure Verizon earnings; Q1 net income meets estimates

  21-04-2016 17:09 via news.yahoo.com
  
  Verizon Communications Inc said an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter, even as it reported first-quarter net income that met analyst expectations amid strong tablet sales. Shares of Verizon, the No. 1 U.S. wireless carrier, were down 1.3 percent at $50.47 in late morning trading on Thursday. If the strike, now in its second week, continues for an extended period of time, it could pressure full-year earnings, Chief Financial Officer Fran Sh
  
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• Wall Street weighed down by lower oil, weak earnings

  21-04-2016 16:03 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) April 15, 2016. REUTERS/Brendan McDermidMoreBy Abhiram Nandakumar
  (Reuters) – U.S. stock indexes were slightly lower on Thursday as oil prices fell and Travelers and Verizon reported weak results.
  Crude prices fell nearly 2 percent, but were hovering near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in more than two decades. [O/R]
  The S&P 500 has come cl
  
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• Verizon earnings meet estimates; strike poised to hurt current quarter

  21-04-2016 15:24 via rocketnews.com
  People demonstrate outside a Verizon wireless store during a strike in New York, U.S., April 18, 2016. REUTERS/Shannon StapletonMoreBy Malathi Nayak and Sai Sachin R
  (Reuters) – Verizon Communications Inc said profit in the first quarter met expectations as strong tablet sales helped it add new subscribers, though an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter.
  Still, the No. 1 U.S. wireless carrier stood by its full-year profit forecast. The
  
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• Wall Street set for muted open as investors assess earnings

  21-04-2016 15:12 via news.yahoo.com
  
  U.S. stock indexes were set to open little changed on Thursday as oil prices steadied and investors assessed a raft of earnings reports that could provide fresh catalysts to drive the market. Crude prices hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in more than two decades. S&P 500 companies are seen reporting a 7.5 percent fall in first-quarter profit on average, and a 1.3 percent decline in revenue, accordi
  
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• EUR/USD Higher as ECB Opts For Status Quo, Eyes on Draghi

  21-04-2016 15:00
  The Euro moved slightly higher versus other majors after the ECB opted to keep policy unchanged, Draghi’s Press conference in focus
  
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• Versace CEO sees growth slowing down in 2016

  21-04-2016 14:52 via news.yahoo.com
  
  By Astrid Wendlandt and Joyce Lee SEOUL (Reuters) - Italian fashion house Versace sees 2016 as a tough year with slower sales growth as tourist traffic in European cities such as London, Paris and Brussels has been hit by security concerns and demand remains unstable, its chief executive said. Versace, known for its glittering evening gowns and medusa logo, has been going from strength to strength since flirting with bankruptcy in 2004 and could be headed for a stock market listing when market c
  
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• GM earnings beat estimates on strength in North America

  21-04-2016 14:48 via news.yahoo.com
  
  By Bernie Woodall and Joseph White DETROIT (Reuters) - General Motors Co on Thursday reported higher-than-expected quarterly earnings, citing strong results in North America and an improved performance in Europe. Chief Executive Officer Mary Barra has stepped up efforts to persuade skeptical investors that GM can deliver consistently strong profits - and return billions to shareholders - through the ups and downs of the industry's sales cycles.
  
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• Blackstone earnings miss forecast in choppy markets

  21-04-2016 14:11 via rocketnews.com
  
  The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermidMoreNEW YORK (Reuters) – Blackstone Group LP , the world’s largest alternative asset manager, reported lower-than-expected economic net income of 31 cents per share for the first quarter as choppy financial markets dragged on investment returns.
  Analysts had expected ENI per share to slump 73 perc
  
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• Silver Prices Outperform Gold

  21-04-2016 13:59
  Silver prices gained on a general rise in commodity prices and relative positioning between gold and silver.
  
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• China's stock regulator reins in risqué cyber-celebrity analysts

  21-04-2016 13:52 via news.yahoo.com
  
  By Samuel Shen and Engen Tham SHANGHAI (Reuters) - China's securities regulator has ordered brokerages to restrain their staff's online activity, two sources with direct knowledge told Reuters on Thursday, after some were judged to have used attractive women analysts to drum up business. Chinese brokerages are struggling to rekindle investor interest after a stock market crash in 2015, and some analysts have become cyber celebrities though their social media campaigns to encourage customers. "St
  
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• China’s stock regulator reins in risqué cyber-celebrity analysts

  21-04-2016 13:52 via rocketnews.com
  Stock information on an electronic board is reflected in the glasses of an investor, at a brokerage house in Nanjing, Jiangsu province, China, December 2, 2015. REUTERS/China Daily/FilesMoreBy Samuel Shen and Engen Tham
  SHANGHAI (Reuters) – China’s securities regulator has ordered brokerages to restrain their staff’s online activity, two sources with direct knowledge told Reuters on Thursday, after some were judged to have used attractive women analysts to drum up business.
  Chi
  
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• GM profits more than double on record N. America earnings

  21-04-2016 13:47 via rocketnews.com
  FILE – In this Monday, June 22, 2015, file photo, final trim is installed on a Buick Verano at the Orion Assembly in Orion Township, Mich. General Motors reports financial results Thursday, April 21, 2016. (AP Photo/Carlos Osorio, File)MoreDETROIT (AP) — General Motors’ first-quarter profit more than doubled on record earnings in North America, strong China profits and a break-even performance in Europe.
  The Detroit automaker earned $1.95 billion, or $1.24 per share, even after
  
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• Futures hold steady as earnings reports roll in

  21-04-2016 13:23 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York April 12, 2016. REUTERS/Lucas JacksonMoreBy Abhiram Nandakumar
  REUTERS – U.S. stock index futures were little changed on Thursday as oil prices steadied and investors braced for a barrage of earnings reports that could provide fresh catalysts to drive the market.
  * Crude notched small gains after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in m
  
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• Preview for ECB Meeting and Implications for EUR, Metals, Equities

  21-04-2016 13:15
  Today could be a snoozer or something to write home about.
  
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• European stocks slip before ECB rate call

  21-04-2016 13:00 via news.yahoo.com
  
  European stock markets dipped Thursday, despite earlier gains in Asia and overnight on Wall Street, as caution prevailed before a key eurozone interest rate decision.
  
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• Obama’s Avalanche of New Regulations Can Cripple American Business

  21-04-2016 12:15 via news.yahoo.com
  
  President Barack Obama may have already checked out of the White House, figuratively speaking, but he is still very much engaged when it comes to his legacy. "Obama Readies Flurry of Regulations" read the April 7 headline in The Wall Street Journal. After lowering the boom on corporate tax inversions and imposing new rules on retirement brokers, the Obama administration is looking to implement regulations that will affect "broad swaths of the economy," including labor, health, finance and the en
  
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• DAX 30 Treads Carefully Ahead of Today’s ECB Rate Decision

  21-04-2016 11:58
  DAX 30 is short-term bullish above yesterday’s low of 10,283, while the psychological level of 10,500 is capping price.
  
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• Another 3 world indices available to LiteForex' clients

  21-04-2016 11:32 via liteforex.com
  
  LiteForex's News: Dear clients, The LiteForex Company is proud to announce that 3 new tools have been added to its trading arsenal to upgrade clients' opportunities: Hong Kong 50 Index (HK50), Spain 35 Index (IBEX35), and Italy 40 Index (IT40). Hong Kong 50, or Hang Seng 50, is one of the major indices of the Stock Exchange of Hong Kong. It represents a weighted average cost of 50 largest companies in Hong Kong...
  
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• XAU/USD: the pair has returned to resistance level of 1257.00

  21-04-2016 11:04 via liteforex.com
  Forex analytics: ncertainty of future monetary policy in Europe has caused risk aversion among investors as they prefer to invest safe-haven assets, such as the Yen, gold and precious metals.The rise in price of gold has been continued since the end of last week. Since the beginning of this year gold has grown by 18%.Gold has returned to the strong resistance level of 1257.00, which is crossed by the upper ...
  
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• XAU/USD: demand for the safe-haven assets is increasing

  21-04-2016 10:59 via liteforex.com
  Forex analytics: The price of gold has been growing since the beginning of today’s trading day due to uncertainty about future policy of ECB. Attention of the market participants will be focused on the ECB’s decisions and following up press-conference of Mario Draghi, which will start at 14:30 (GMT+2).Majority of the investors believe that interest rate will remain unchanged at the level of 0% (deposit ...
  
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• Oil Price at 2016 High as US Output Falls, Copper Price Rallies

  21-04-2016 10:42
  Oil prices rose to the highest since December, leading equities and copper on a rally. Gold pared losses after a jump in silver prices
  
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• Asia markets track Wall St, oil higher

  21-04-2016 10:23 via news.yahoo.com
  
  Asian stock markets rallied again Thursday as another surge in oil prices and gains on Wall Street reinforced optimism about the world economy. With a positive vibe flowing across trading floors, investors shifted out of safe-bet assets such as the yen, which helped Japan's Nikkei record a third-straight gain.
  
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• FTSE 100 Trades Below Critical Junction, Ahead of ECB Rate Decision

  21-04-2016 10:10
  The FTSE 100 (CFD: UK100) was at the time of writing up by a few points from yesterday’s close as the index adjusted to overnight gains in Asian stock markets.
  
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