Analyst news

• Apple iPhone sales fall but beat estimates; shares slip

  25-10-2016 23:41 via news.yahoo.com
  
  Apple Inc posted a third quarter in a row of declining iPhone sales on Tuesday, but beat Wall Street targets for its flagship product and forecast higher-than-expected revenue for the critical holiday shopping season. Apple executives said demand for the new iPhone 7, the company's best hope to revive flagging sales, was strong, despite fiscal fourth-quarter revenue dips in China and the Americas, its two most important markets. Chief Financial Officer Luca Maestri said it was "impossible to kno
  
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• Wall St. slips on earnings; Apple falls late after results

  25-10-2016 23:31 via news.yahoo.com
  
  Apple , the largest U.S. company by market capitalization, posted after the bell better-than-expected iPhone sales that however continued a declining trend and shares fell about 2 percent, briefly dragging S&P 500 futures to session lows. Sherwin Williams' outlook also disappointed Wall Street and shares fell 10.9 percent to $247.61. "Lackluster results from Whirlpool and Sherwin Williams may indicate a slowing in the housing cycle," said Kim Forrest, senior equity research analyst at Fort P
  
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• World markets lose steam, oil falls; US earnings mixed

  25-10-2016 23:29 via news.yahoo.com
  
  New York (AFP) - Global stock markets lost steam Tuesday amid a deluge of US corporate earnings reports showing mixed results, as well as solid German economic data, while oil dropped below the psychological $50 level.
  
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• Red ink will rule, but optimism in the oilpatch as earnings released

  25-10-2016 23:24 via news.yahoo.com
  
  Precision Drilling announced some full-on good news last week with its third-quarter earnings. Precision Drilling employed 4,337 people at the end of 2015, as compared with 7,834 a year earlier. In a conference call with analysts, Precision's chief executive Kevin Neveu said that sentiment in the industry was the best he had seen in two years.
  
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• Wall Street slips on earnings; Apple falls late after results

  25-10-2016 23:23 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors including housing and consumer products failed to live up to expectations.
  
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• Consumer stocks fall as Whirlpool, GM and others skid

  25-10-2016 23:23 via news.yahoo.com
  
  NEW YORK (AP) — Shaky results from consumer companies dragged the U.S. stock market lower on Tuesday as shares of well-known names like appliance maker Whirlpool and athletic apparel maker Under Armour suffered their worst declines in years.
  
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• Apple's quarterly sales fall, but forecast calls for gains

  25-10-2016 22:38 via news.yahoo.com
  
  SAN FRANCISCO (AP) — Apple says it sold 45.5 million iPhones in the last quarter, 5 percent fewer than it sold a year earlier. But the giant tech company's rosy forecast for the holidays was better than what Wall Street had been expecting.
  
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• Apple iPhone sales beat estimates

  25-10-2016 22:32 via rocketnews.com
  
  By Jeffrey Dastin and Anya George Tharakan
  (Reuters) – Apple Inc sold more iPhones than Wall Street had expected in the latest quarter, and the company forecast higher-than-expected revenue for the critical holiday-shopping season.
  The world’s most valuable publicly traded company said on Tuesday it sold 45.51 million iPhones in the three months ended Sept. 24, beating the average analysts’ estimate of 44.8 million, according to research firm FactSet StreetAccount.
  However, it
  
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• Stocks fall as earnings hit consumer names like Whirlpool

  25-10-2016 21:47 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are slipping Tuesday as corporate earnings dominate the news and consumer companies like athletic apparel maker Under Armour and appliance maker Whirlpool absorb their largest losses in years. However strong results for household goods maker Procter & Gamble are sending its stock higher.
  
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• Wall St. slips on earnings; Procter jumps

  25-10-2016 21:41 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks slipped from two-week highs on Tuesday as results and outlooks from companies in various sectors, including housing and consumer products, failed to live up to expectations.
  
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• U.S. stocks slip on earnings; dollar off highs

  25-10-2016 21:36 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - U.S. stocks fell on disappointing earnings reports on Tuesday, while the U.S. dollar slipped from multi-month highs after Chancellor Mark Carney cast doubt on expectations for more monetary stimulus. Oil prices fell more than 1 percent, with U.S. crude breaking below $50 per barrel for a second straight day, ahead of weekly data that could show a build in inventories. On Wall Street, nine of the eleven sectors in the benchmark S&P 500 stock index were nega
  
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• GLOBAL MARKETS-U.S. stocks slip on earnings; dollar off highs

  25-10-2016 21:31 via news.yahoo.com
  
  U.S. stocks fell on disappointing earnings reports on Tuesday, while the U.S. dollar slipped from multi-month highs after Bank of England Governor Mark Carney cast doubt on expectations for more monetary ...
  
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• Strong Australia CPI to Bolster AUD/USD Outlook Ahead of RBA Meeting

  25-10-2016 21:00
  Signs of stronger inflation may boost the near-term outlook for the Australian dollar as it dampens bets for an RBA rate-cut.
  
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• China’s Market News: PBOC Officials Comment on Yuan, Economy

  25-10-2016 20:30
  China’s top policymakers addressed on Yuan rates and other major issues after the Yuan dropped to record lows. Here are the highlights:
  
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• GBP/USD Bounces From Daily Lows. Can a rebound last?

  25-10-2016 20:15
  The GBP/USD has bounced after declining as much as 160 this morning. Can a rebound last?
  
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• Pound Falls Off a Cliff, But Bounces Back as Carney Calms Brexit Fears

  25-10-2016 20:03
  The Pound dropped below 1.2200 on Tuesday afternoon to as low as 1.2084, its lowest level in two weeks, ahead of Bank of England Governor Mark Carney's appearance before the House of Lords in Britain’s Parliament
  
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• U.S. stocks slip on earnings; US dollar index at 7-month high

  25-10-2016 19:58 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - U.S. stocks slipped on disappointing earnings reports on Tuesday, while U.K shares rose helped by mining firms, and crude oil prices fell as the U.S. dollar hit a seven month high. Nine of the eleven sectors in the benchmark U.S. S&P 500 stock index were negative, after poor earnings forecasts from some of the largest companies. General Motors Co shares fell more than 4.7 percent, despite better-than-expected third-quarter earnings, amid fears a slowdown i
  
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• USD/CAD Technical Analysis: Poloz Keeps USD/CAD Bid On Restatement

  25-10-2016 19:45
  The Canadian Dollar dropped on Monday’s Close on misinterpreted comments from BoC Governor Poloz. However, his restatement was reassurance for bulls.
  
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• AUD/USD Rebound Looks to 3Q Australia CPI for Fuel

  25-10-2016 19:35
  Aussie price action remains constructive while above the weekly lows heading into Australia CPI data tonight. Here are the updated targets & invalidation levels that matter.
  
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• Euro May Have Further to Fall as Draghi Keeps Markets Guessing

  25-10-2016 19:25
  There was little to lift the Euro in the latest speech by European Central Bank President Mario Draghi, suggesting its losses against the dollar could well continue.
  
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• Wall Street lower as earnings from some big names disappoint

  25-10-2016 18:58 via news.yahoo.com
  
  By Tanya Agrawal (Reuters) - Disappointing corporate results from several heavyweights dragged down Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week. 3M fell 3 percent to $165.03 after the maker of Scotch tape and Post-it notes trimmed its full-year revenue and earnings forecasts for the second time. The stock was the biggest drag on the Dow. Whirlpool fell 10.5 percent to $152.60 after the home appliances maker's reve
  
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• Wall St. lower as earnings from some big names disappoint

  25-10-2016 18:55 via news.yahoo.com
  
  (Reuters) - Disappointing corporate results from several heavyweights dragged down Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week.
  
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• USD/JPY Technical Analysis: 3-Month Highs Turns Focus on 108

  25-10-2016 18:40
  USD/JPY has broken above the technically significant 104.32. The Dollar rally and anticipation from BoJ could help take JPY lower.
  
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• U.S. stocks slip on earnings; U.S. dollar index at seven-month high

  25-10-2016 18:24 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - U.S. stocks slipped on disappointing earnings reports on Tuesday, while U.K shares rose helped by mining firms, and crude oil prices fell as the U.S. dollar hit a seven month high. Nine of the eleven sectors in the benchmark U.S. S&P 500 stock index were negative, after poor earnings forecasts from some of the largest companies. General Motors Co shares fell more than 4.7 percent, despite better-than-expected third-quarter earnings, amid fears a slowdown i
  
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• GLOBAL MARKETS-U.S. stocks slip on earnings; US dollar index at 7-month high

  25-10-2016 18:21 via rocketnews.com
  
  * U.S. stocks off on earnings outlook; UK shares higher
  * U.S. dollar index at 7-month high on likely Fed rate rise
  * Oil prices down on higher dollar, but metals rise (Changes dateline to New York; adds Wall Street open)
  By Hilary Russ
  NEW YORK, Oct (HKSE: 3366-OL.HK – news) 25 (Reuters) – U.S. stocks slipped on disappointing earnings reports on Tuesday, while U.K shares rose helped by mining firms, and crude oil prices fell as the U.S. dollar hit a seven month high.
  Nine of the el
  
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• GBP/USD Pares Losses as BoE’s Carney Stresses Price Stability Goal

  25-10-2016 18:15
  GBP/USD may continue to face range-bound prices ahead of the BoE’s November 3 policy meeting as Governor Carney stresses the committee’s goal for price stability.
  
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• European shares give up gains after DAX touches new 2016 peak

  25-10-2016 18:14 via rocketnews.com
  
  * DAX touches new peak for 2016
  * German stocks boosted by Ifo
  * Monte Paschi slumps on strategy plan
  * UPM (Taiwan OTC: 4752.TWO – news) and Luxottica (Milan: LUX.MI – news) rise after results (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon – see cpurl://apps.cp./cms/?pageId=livemarkets)
  By Sudip Kar-Gupta and Alistair Smout
  LONDON, Oct (HKSE: 3366-OL.HK – news) 25 (Reuters) – European shares turned lower afte
  
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• Caterpillar posts lower earnings, cuts sales outlook

  25-10-2016 18:03 via news.yahoo.com
  
  The world's largest construction and mining equipment maker also cut its full-year revenue outlook for the second time while increasing its estimate of 2016 restructuring costs. Shares of Caterpillar were down 1 percent at $85.17. The company, which last year had announced plans to cut jobs and close factories, expects its challenges to persist into next year, Chief Executive Officer Doug Oberhelman said in a statement.
  
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• Merck breezes past 3Q profit expectations, raises forecast

  25-10-2016 17:38 via news.yahoo.com
  
  Higher sales of vaccines and prescription medicines, coupled with restrained spending, helped Merck & Co. post a 20 percent jump in third-quarter profit, trouncing Wall Street expectations. The maker of ...
  
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• Stocks slip as earnings hit consumer companies

  25-10-2016 17:35 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are edging lower Tuesday as company earnings continue to stream in. Consumer companies are falling as athletic apparel maker Under Armour, appliance maker Whirlpool and automaker GM suffer hefty losses. However strong results for household goods maker Procter & Gamble are sending its stock higher.
  
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• US Dollar Remains a ’Buy’ versus the Euro and British Pound

  25-10-2016 17:30
  Retail forex traders remain extremely short the US Dollar versus the Euro and British Pound. We like selling the EUR/USD and GBP/USD until this changes.
  
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• Wall St. falls as earnings from some big names disappoint

  25-10-2016 17:27 via news.yahoo.com
  
  (Reuters) - Disappointing corporate results from several heavyweights dragged Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week.
  
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• US S&P 500 may Rally into Highs

  25-10-2016 17:25
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher.
  
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• US Dollar Outlook Unclear versus Japanese Yen

  25-10-2016 17:25
  The ratio of long to short positions in the USDJPY stands at 1.27 as 56% of traders are long. Yesterday the ratio was 1.42; 59% of open positions were long.
  
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• Australian Dollar May Gain versus US Dollar

  25-10-2016 17:25
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher.
  
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• Oil down; U.S. crude below $50 ahead of inventory data

  25-10-2016 17:21 via news.yahoo.com
  
  By Ethan Lou NEW YORK (Reuters) - Oil prices fell 1 percent on Tuesday, with U.S. crude breaking below $50 per barrel for a second straight day ahead of weekly data that could show a build in domestic inventories. A rallying dollar and falling share prices on Wall Street weighed further on crude oil futures. Analysts said verbal jockeying among the Organization of the Petroleum Exporting Countries (OPEC) created uncertainty about potential output cuts at its meeting next month, noting that a par
  
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• Fiat Chrysler raises earnings forecasts again

  25-10-2016 17:13 via news.yahoo.com
  
  MILAN (AP) — Fiat Chrysler Automobiles on Tuesday increased its 2016 earnings forecast for the second time this year after strong results in North America helped it return to a profit in the third quarter.
  
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• General Motors beats earnings expectations, investor fears linger

  25-10-2016 16:51 via news.yahoo.com
  
  By Bernie Woodall and Joseph White DETROIT (Reuters) - General Motors Co shares fell over 3 percent on Tuesday despite better-than-expected third-quarter results amid fears that a slowdown in U.S. vehicle sales and currency turmoil in Europe will undercut future profits. GM Chief Financial Officer Chuck Stevens told reporters that the overall U.S. car and light truck market is a "plateaued environment," with sales flat for the year. The largest U.S. automaker said it expected full-year results w
  
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• Stocks mostly lower as earnings hit consumer companies

  25-10-2016 16:31 via rocketnews.com
  NEW YORK (AP) — U.S. stocks are mostly lower Tuesday morning as company earnings continue to stream in. Consumer companies are falling as athletic apparel maker Under Armour and appliance maker Whirlpool suffer hefty losses. However strong results for household goods maker Procter & Gamble send its stock higher.
  KEEPING SCORE: The Dow Jones industrial average picked up 13 points, or 0.1 percent, to 18,236 as of 10:15 a.m. Eastern time. The Standard & Poor’s 500 index lost 1
  
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• Wall Street opens flat as investors assess earnings

  25-10-2016 16:05 via news.yahoo.com
  
  Wall Street opened little changed on Tuesday as investors assessed quarterly earnings from some big names and awaited results from Apple. Apple, which is scheduled to report results after the close of the bell, was up 0.12 percent at $117.79.
  
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• MIDEAST STOCKS-Banking shares buoy Saudi, EFG Hermes gains on U.S. expansion

  25-10-2016 15:21 via news.yahoo.com
  
  * All 12 listed Saudi lenders climbed * Petrochemical shares firmed as crude prices stabilised * ADIB falls on flat Q3 net profit, FGB drops ahead of earnings * Profit taking hits Dubai's DXBE * EFG Hermes jumps on opening permanent U.S office * Egypt's Juhayna Food gains on company's new strategy By Celine Aswad DUBAI, Oct 25 (Reuters) - Banking shares boosted Saudi Arabia's stock market on Tuesday while the majority of other Gulf markets sagged on uninspiring quarterly results. Egypt recovered
  
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• Global stocks, commodities climb as economic confidence rises

  25-10-2016 15:09 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World markets had a swagger about them on Tuesday as upbeat economic data and signs of a revival in inflation pushed up stocks and commodity prices and kept the dollar at a nine-month high. Wall Street was set to tick higher with consumer confidence figures due and analysts already tucking into healthy-looking earnings from Procter & Gamble, General Motors and drugs giant Merck, but also a profit downgrade from Caterpillar.
  
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• Maersk says Suez Canal Authority proposes new toll system

  25-10-2016 14:43 via news.yahoo.com
  
  (Adds detail, background) COPENHAGEN, Oct 25 (Reuters) - Danish logistics group A.P. Moller-Maersk's Maersk Line shipping arm said it is considering proposals from the Suez Canal Authority for a new toll system that could involve advance payments. "They have proposd a new payment method and presented it to us, and we are looking at it now," a company spokesman said. The Wall Street Journal earlier quoted Canal Authority Chairman Mohab Mamish as saying it aimed to levy charges for three years or
  
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• Caterpillar posts lower earnings, cuts 2016 outlook

  25-10-2016 14:36 via news.yahoo.com
  
  The world's largest construction and mining equipment maker also lowered its full-year revenue outlook for the second time. The company expects its challenges to persist into next year, Chief Executive Officer Doug Oberhelman said in a statement. "In North America, the market has an abundance of used construction equipment, rail customers have a substantial number of idle locomotives, and around the world there are a significant number of idle mining trucks," Oberhelman said.
  
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• FTSE Moves: London market buoyed by brighter earnings data

  25-10-2016 14:26 via news.yahoo.com
  
  Blue chip stocks climbed in afternoon trading after upbeat economic and corporate data across Europe.
  
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• Stocks, commodities climb as economic confidence rises

  25-10-2016 14:23 via rocketnews.com
  
  By Marc Jones
  LONDON (Reuters) – World markets had a swagger about them on Tuesday as upbeat economic data and signs of a revival in inflation pushed up stocks and commodity prices and kept the dollar at a nine-month high.
  Wall Street <ESc1> was set to tick higher with consumer confidence figures due and analysts already tucking into healthy-looking earnings from Procter & Gamble, General Motors and drugs giant Merck, but also a profit downgrade from Caterpillar. [.N] <ECONG7
  
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• GLOBAL MARKETS-Stocks, commodities climb as economic confidence rises

  25-10-2016 14:20 via news.yahoo.com
  
  LONDON, Oct (Shenzhen: 000069.SZ - news) 25 (Reuters) - World markets (Xetra: 4WM.DE - news) had a swagger about them on Tuesday as upbeat economic data and signs of a revival in inflation pushed up stocks and commodity prices and kept the dollar at a nine-month high. Wall Street was set to tick higher with consumer confidence figures due and analysts already tucking into healthy-looking earnings from Procter & Gamble, General Motors (NYSE: GM - news) and drugs giant Merck (LSE: 0O14.L - new
  
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• Fiat Chrysler raises earnings forecasts after Q3 results

  25-10-2016 14:08 via news.yahoo.com
  
  MILAN (AP) — Fiat Chrysler Automobiles increased its earnings forecast after returning to a profit in the third quarter, driven by strong results in North America.
  
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• Caterpillar posts lower third-quarter earnings

  25-10-2016 13:51 via news.yahoo.com
  
  (Reuters) - Caterpillar Inc on Tuesday reported a sharply lower quarterly profit as global economic weakness slowed the sale of new machinery amid an abundance of available used equipment.
  
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• Merck beats Street 3Q forecasts, hikes 2016 profit forecast

  25-10-2016 13:49 via news.yahoo.com
  
  KENILWORTH, N.J. (AP) — Higher sales of vaccines and prescription medicines for cancer and other diseases helped Merck & Co. post a 20 percent jump in third-quarter profit, easily beating Wall Street expectations.
  
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