Analyst news

• Google parent Alphabet beats on revenue, earnings; sets buyback

  27-10-2016 23:43 via news.yahoo.com
  
  Alphabet, along with Facebook Inc, dominates the fast-growing mobile advertising market. Shares of Alphabet, the world's No. 2 company by market value, were up 1.6 percent in after-hours trading. The company posted third-quarter adjusted earnings per share of $9.06 on revenue of $22.45 billion.
  
  Read more

• Amazon forecast for holiday season disappoints as investment rises

  27-10-2016 23:23 via news.yahoo.com
  
  Amazon.com Inc provided a disappointing forecast for the holiday season quarter while posting earnings that missed Wall Street estimates in the third quarter, as it invested heavily on shipping, video offerings and other projects, sending its shares down nearly 5 percent. Investors and analysts are trying to gauge how much more Amazon plans to invest in its various ventures, and it unnerved some that it offered wide ranges in its outlook. "Amazon really doesn't know what's going to happen this q
  
  Read more

• British data prompts global bond sell-off; Wall Street falls

  27-10-2016 23:03 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Strong growth data out of Britain prompted the biggest daily sell-off in government debt for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut. The bond sell-off gained momentum in the United States after upbeat jobless claims data pointed to another robust non farm payrolls number next week. Wall Street closed lower, dipping in a choppy session after the latest round of ea
  
  Read more

• GLOBAL MARKETS-British data prompts global bond sell-off; Wall Street falls

  27-10-2016 22:54 via news.yahoo.com
  
  Strong growth data out of Britain prompted the biggest daily sell-off in government debt for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank ...
  
  Read more

• Advertisement

• Stocks dip as earnings pour in, consumer discretionary lags

  27-10-2016 22:16 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names. The S&P 500 healthcare index rose 0.53 percent to help keep the S&P 500 near the unchanged mark, buoyed by strong results and forecasts from Bristol-Myers , up 5.4 percent and Celgene , up 6.4 percent. The two drugmakers were the top boosts to
  
  Read more

• US STOCKS-Stocks dip as earnings pour in, consumer discretionary lags

  27-10-2016 22:14 via news.yahoo.com
  
  U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names. ...
  
  Read more

• Wall Street falls as consumer discretionary shares weigh

  27-10-2016 22:04 via news.yahoo.com
  
  (Reuters) - U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rates sensitive stocks outweighed gains in healthcare.
  
  Read more

• US STOCKS-Stocks flat as earnings roll in, Comcast drags Nasdaq

  27-10-2016 20:47 via news.yahoo.com
  U.S. stocks were little changed in a choppy session after the latest round of earnings reports, while a decline in Comcast shares pushed the Nasdaq into negative territory. The S&P 500 healthcare index ...
  
  Read more

• Advertisement

• China’s Market News: Hong Kong Unleases New CNH Liquidity Scheme

  27-10-2016 20:31
  The Hong Kong Monetary Authority announced two new arrangements regarding the offshore Yuan liquidity.
  
  Read more

• Ford, GM pitch new strategies; Wall Street snubs them

  27-10-2016 20:07 via news.yahoo.com
  
  Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers. This week, Wall Street looked at the Detroit companies' stronger-than-expected quarterly results and turned thumbs down. GM, the largest U.S. automaker, reported record third-quarter net income on Tuesday, but its shares have fallen nearly 5 percent since then.
  
  Read more

• NZD/USD at Risk for Further Losses Heading into U.S. 3Q GDP

  27-10-2016 19:50
  Although the weekly opening range remains intact, the pair is vulnerable heading into key US data tomorrow. Here are the updated targets & invalidation levels that matter.
  
  Read more

• Twitter's video-sharing mobile app Vine to close

  27-10-2016 19:32 via news.yahoo.com
  
  By Amy Tennery NEW YORK (Reuters) - Twitter Inc announced Thursday that it would discontinue the video-sharing mobile app Vine, as it moves to cut 9 percent of its workforce worldwide to keep costs down after beating Wall Street quarterly earnings expectations. The decision comes on the heels of a failed attempt to sell Twitter as it fights against stagnant user growth and mounting competition from other social media platforms. In a post published jointly by Twitter and Vine to the blog platform
  
  Read more

• EUR/USD Bear-Flag Formation Takes Shape as ECB Mulls QE Extension

  27-10-2016 19:02
  EUR/USD appears to be establishing a bear-flag formation as the broader outlook remains tilted to the downside.
  
  Read more

• British data prompts global bond selloff; U.S. stocks flat

  27-10-2016 19:00 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Strong growth data out of Britain prompted the worst daily selloff in gilts for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut. In the U.S., stock market losses led by Comcast and consumer discretionary stocks were offset by gains in the healthcare sector, while European stocks slid and the U.S. dollar hit highs against the Swedish crown and Japanese yen. Official data s
  
  Read more

• S&P, Dow rise on health stocks; Nasdaq weighed by Comcast

  27-10-2016 18:58 via news.yahoo.com
  
  The S&P 500 and the Dow were back in positive territory as healthcare stocks outdid a drag from consumer discretionary stocks. The S&P 500 healthcare index rose 1.15 percent, on track for its best day in six weeks, riding on strong results and forecast from Bristol-Myers and Celgene. The two drugmakers were the top boosts on the S&P 500.
  
  Read more

• Twitter cuts jobs with eye on 2017 profit; Vine discontinued

  27-10-2016 18:55 via news.yahoo.com
  
  Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street's beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company. More than 300 Twitter employees will be affected by the layoffs as part of a broader restructuring, a figure similar to an earlier round of reductions announced a year ago. Separately, the company announced it would discontinue Vine, a video app launched in 2
  
  Read more

• Daily Brexit Briefing: UK Growth Beats Expectations, Nissan Boost for Auto Industry

  27-10-2016 18:30
  Today’s robust third quarter GDP data effectively take any interest rate cut off the table at next week’s Bank of England policy meeting.
  
  Read more

• FTSE, DAX, CAC 40 Consolidating, Next Moves Will Be Crucial

  27-10-2016 18:15
  A host of factors has dented equity sentiment the past few days in Europe.
  
  Read more

• AUD/USD Retreats From Weekly Highs

  27-10-2016 18:10
  The AUD/USD continues to decline after spiking to a new high in yesterday’s trading.
  
  Read more

• Wall Street reverses course as discretionary, industrials weigh

  27-10-2016 17:37 via news.yahoo.com
  
  U.S. stocks reversed course late Thursday morning as weak results from several industrial and consumer discretionary companies eclipsed gains from healthcare stocks. The top drag on the S&P 500 and the Nasdaq was Comcast, which fell 2.7 percent following price target cuts from Barclays and Deutsche Bank, citing increased competition from AT&T-owned DirecTV Now. Comcast, along with Ford, whose quarterly net income fell by more than 50 percent, were chiefly responsible for the consumer dis
  
  Read more

• Healthcare, tech stocks drive Wall Street higher

  27-10-2016 15:58 via rocketnews.com
  
  By Yashaswini Swamynathan
  REUTERS – Wall Street opened higher on Thursday as a flurry of strong corporate results from healthcare companies and a multi-billion dollar deal in the technology sector boosted sentiment about equity markets.
  Profits at S&P 500 companies have largely exceeded analysts’ estimates for the third quarter so far, setting up for the first profit growth since the second quarter of 2015.
  Overall earnings for the S&P 500 companies in the latest quarter are
  
  Read more

• Twitter beats estimates, cuts jobs with eye on 2017 profitability

  27-10-2016 15:54 via news.yahoo.com
  
  Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. The company is "more disciplined about how we invest in the business" and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its prio
  
  Read more

• EUR/USD Consolidates Despite Data Miss

  27-10-2016 15:40
  The EUR/USD is consolidating with an inside bar, despite US Durable Goods Orders missing expectations.
  
  Read more

• Wall Street opens higher amid earnings, tech deal

  27-10-2016 15:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened higher on Thursday after a flurry of strong quarterly earnings in the healthcare sector and a multi-billion dollar technology deal boosted investor sentiment.
  
  Read more

• Yen, Sterling Price Action and Central Bank Inference

  27-10-2016 15:21
  In a world where Central Banks have become the primary driver of trends, a dearth (or abundance) of Central Bank activity can lead to considerable speculation around what they might do next.
  
  Read more

• Deutsche Bank lags Wall Street in bond trading comeback

  27-10-2016 15:04 via news.yahoo.com
  
  Deutsche Bank benefited from the rising tide in bond trading in the third quarter of 2016, but as it struggles with the protracted overhaul of its investment bank, Wall Street rivals are stealing a march. The volatile markets between July and September, sparked by Britain's vote to leave the European Union and bouts of anxiety about monetary policy around the world, would normally be perfect conditions for Deutsche Bank's fixed-income business to turn a hefty profit. Indeed revenues at its cash-
  
  Read more

• Durable Goods Gives Last Minute Preview For Q3 GDP

  27-10-2016 15:03
  Durable Goods Orders for September, an indicator of consumer strength, missed expectations, casting a shadow on tomorrow’s GDP report.
  
  Read more

• Buyout firm Blackstone third-quarter earnings beat estimates

  27-10-2016 14:43 via news.yahoo.com
  
  Blackstone Group LP , the world's biggest alternative asset manager, posted stronger-than-expected third-quarter earnings on Thursday as its real estate, private equity and credit investments posted sharp turnarounds. Performances across all of Blackstone's main businesses -- buyouts, real estate, hedge funds and credit -- improved markedly compared with year ago, when a plunging U.S. stock market pushed investments into the red.
  
  Read more

• Several Key FX Crosses at Potential Turning Points

  27-10-2016 14:20
  AUD/JPY, AUD/USD, GBP/JPY, GBP/USD, and USD/JPY - among others - are at significant crossroads.
  
  Read more

• European banks reassure on earnings, dollar holds near highs

  27-10-2016 14:20 via news.yahoo.com
  
  By Vikram Subhedar LONDON (Reuters) - Reassuring results from some of Europe's biggest banks gave the region's beaten-down financials a boost on Thursday and helped offset weakness in industrial and tech stocks, while higher bond yields continued to underpin the dollar. As corporate earnings continued to dominate headlines, growing expectations that the U.S. Federal Reserve will raise interest rates by the end of the year have kept gains in risky assets in check. Markets are now pricing in a 74
  
  Read more

• GLOBAL MARKETS-European banks reassure on earnings, dollar holds near highs

  27-10-2016 14:12 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 27 (Reuters) - Reassuring results from some of Europe's biggest banks gave the region's beaten-down financials a boost on Thursday and helped offset weakness in industrial and tech stocks, while higher bond yields continued to underpin the dollar. As corporate earnings continued to dominate headlines, growing expectations that the U.S. Federal Reserve will raise interest rates by the end of the year have kept gains in risky assets in check. Markets are now p
  
  Read more

• Recall, product launch costs slash Ford third-quarter profit

  27-10-2016 14:09 via news.yahoo.com
  
  By Bernie Woodall and Joseph White DETROIT (Reuters) - Ford Motor Co reported a more than 50 percent drop in third-quarter net income on Thursday, saying its North American business suffered from lower sales, higher recall costs and a complicated introduction of a new pickup truck. The profit exceeded Wall Street expectations, however. Excluding one-time items, Ford said earnings were 26 cents a share, beating the analysts' average estimate of 20 cents compiled by Thomson Reuters I/B/E/S. Third
  
  Read more

• World stock markets cautious amid company earnings

  27-10-2016 14:01 via news.yahoo.com
  
  Global stock markets were steady on Thursday as investors weighed a mixed batch of corporate earnings reports and economic data. KEEPING SCORE: Germany's DAX stock index was flat at 10,710 and France's ...
  
  Read more

• S&P 500: Short-term Trading Levels in Play

  27-10-2016 13:45
  Swing trades are nonexistent, but very short-term trading opportunities still exist; levels and lines in focus.
  
  Read more

• Futures rise as earnings continue to be prime focus

  27-10-2016 13:34 via news.yahoo.com
  
  Overall earnings for the S&P 500 companies in the latest quarter are expected to rise 2.2 percent, according to Thomson Reuters I/B/E/S. Another report is expected to show U.S. manufactured capital goods likely rose for a fourth straight month.
  
  Read more

• Twitter beats revenue estimates, cuts 9 percent jobs

  27-10-2016 13:28 via news.yahoo.com
  
  (Reuters) - Twitter Inc's quarterly revenue growth slowed sharply in the third quarter but topped analysts' expectations, and the company said it would cut 9 percent of its global workforce. The social network has been struggling to sign up new users amid competition from nimbler rivals such as Instagram and Snapchat. Twitter's shares rose nearly 4 percent to $17.97 in premarket trading on Thursday.
  
  Read more

• ASX 200 Technical Analysis: Lower After Losing Key Support

  27-10-2016 13:21
  The ASX 200 moved sharply lower after losing key support at 5,380 and a hold below might prove influential going forward
  
  Read more

• Software tycoons eye £300m payday even as IPO market stalls

  27-10-2016 12:47 via news.yahoo.com
  
  A group of software entrepreneurs are drawing up plans for a £300m flotation or sale even as London's market for new share offerings continues to stall. Sky News understands that CHP Consulting, which provides end-to-end software across industries including automotive finance‎, has appointed bankers at Rothschild to review options for the future of the company. CHP, which is said to be likely to be worth more than £300m, plans to decide next year whether it will pursue a sale or
  
  Read more

• Software maker Misys tops list of ditched UK IPOs

  27-10-2016 12:46 via news.yahoo.com
  
  By Dasha Afanasieva and Rachel Armstrong LONDON (Reuters) - After struggling for weeks to woo buyers for a proposed public offering, financial software firm Misys scrapped plans to relist on the London stock market, blaming shaky market conditions and adding to a run of aborted floatations in recent weeks. Misys is the largest initial public offering (IPO) to be pulled or postponed in London this year amid investor caution about pricing and the outlook for markets. The company said this month it
  
  Read more

• Aetna tops Street 3Q expectations, narrows 2016 forecast

  27-10-2016 12:44 via news.yahoo.com
  
  Aetna's third-quarter earnings rose nearly 8 percent to Wall Street forecasts, as cost cutting and a growing government business helped counter higher costs from its Affordable Care Act business. The nation's ...
  
  Read more

• Crude Oil Fails to Sustain Gains After Spiking on Inventory Data

  27-10-2016 12:27
  Crude oil prices failed to sustain gains having spiked upward after the EIA unexpectedly reported a drop in inventories. Risk appetite trends now enter the spotlight.
  
  Read more

• FTSE 100: Support Is Support Until It Isn’t

  27-10-2016 12:25
  The UK index is teetering at a critical area of support, it needs to hold or else the recent lower high will be confirmed.
  
  Read more

• World stock markets lower as investors mull company earnings

  27-10-2016 11:53 via news.yahoo.com
  
  HONG KONG (AP) — Global stock markets meandered Thursday as a mixed batch of corporate earnings weighed on investor sentiment.
  
  Read more

• Volkswagen raises earnings outlook as it returns to profit

  27-10-2016 11:24 via news.yahoo.com
  
  FRANKFURT, Germany (AP) — Volkswagen raised its earnings outlook Thursday after bouncing back to a profit of 2.34 billion euros ($2.55 billion) in the third quarter from a large loss a year earlier, when it took a big charge from its car emissions scandal.
  
  Read more

• GBP/USD Spikes Higher But Quickly Reverses on Upbeat 3Q UK GDP

  27-10-2016 11:14
  The British Pound was volatile versus other majors after today’s 3Q’16 GDP data indicated the UK’s economy held after the Brexit referendum
  
  Read more

• DAX Trading Outlook: Stuck Between Levels in Close Proximity

  27-10-2016 10:57
  The market is experiencing intra-day volatility so far today, stuck in narrow range of support and resistance.
  
  Read more

• MIDEAST STOCKS-Banks boost Gulf markets despite weak global environment

  27-10-2016 10:54 via news.yahoo.com
  
  DUBAI, Oct 27 (Reuters) - Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank sector has been strong since last week's big international bond sale by the government partially eased fears about a liquidity drought in the economy, and on Thursday morning the sector index was up 1.4 percent. This helped the ove
  
  Read more

• Most Asian markets slide following weak China economic data

  27-10-2016 09:37 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Thursday (27 October) with the Shanghai Composite down 0.21% at 3,109.69 as of 6.40am GMT following China reporting weak economic data.
  
  Read more

• GBP/USD Levels to Watch Heading Into UK 3Q GDP Numbers

  27-10-2016 09:30
  The GBP/USD is trading sideways post “flash crash”, but short term volatility could increase as we approach the event risk ahead
  
  Read more

• Deutsche Bank posts Q3 profit, hikes legal provisions

  27-10-2016 09:13 via news.yahoo.com
  
  By Arno Schuetze FRANKFURT (Reuters) - Deutsche Bank posted an unexpected net profit of 278 million euros ($303 million) in the third quarter after a record loss in the year-earlier period as it benefited from a surge in bond trading that boosted all Wall Street banks' earnings. Deutsche Bank shares rose 3.6 percent in pre-market trading at brokerage Lang & Schwarz, while Germany's blue-chip index was seen down 0.4 percent. Deutsche Bank hiked the amount of money it has set aside to cover th
  
  Read more

Follow @news_analyst on Twitter!