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N American Morning Briefing: Stocks to Rise on Signs Trump Could Soften Huawei Stance
Today 5:42 AM ET (Dow Jones)Print
N American Morning Briefing: Stocks to Rise on Signs Trump Could Soften Huawei Stance
DJIA 25608.00 144.00 0.57%
S&P 500 2835.00 16.75 0.58%
Nasdaq 100 7351.50 41.75 0.56%
FTSE 100 7276.88 45.84 0.63%
Xetra DAX 12060.11 107.70 0.90%
CAC40 5331.93 50.56 0.96%
Nikkei 21117.22 -33.92 -0.16%
Shanghai 2852.99 0.48 0.02%
Hang Seng 27353.93 86.80 0.32%
-Stock futures gain; EUR/USD 1.1181-84; 10-year Treasury yield 2.316%; Nymex $58.66; gold futures $1282.70
U.S. stock futures rose Friday on some encouraging news on the trade front, with reports President Donald Trump may ease up on restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.
On Thursday, The Dow Jones Industrial Average dropped 1.1%, while the S&P 500 index fell 1.2%. The tech-heavy Nasdaq sank 1.6%.
Investors appeared to be taking a breather from a week of mostly unsettling headlines linked to trade tensions, as fallout from a U.S. ban on Chinese tech group Huawei Technologies Inc. reverberated across global markets. Thursday's losses stemmed from a growing view that the U.S. and China were moving further apart on a trade deal.
Calming the situation somewhat, Trump said Thursday that the U.S. could ease up on its ban against Huawei as "some part" of a wider trade deal with the country, though he reiterated the Chinese company was "very dangerous" from a security standpoint.
At the same time, a separate report said the Commerce Department was considering tariffs on countries that undervalued their currencies to the disadvantage of U.S. companies. Currently no country in the world meets that specific criteria, but the U.S. has long viewed China as a manipulator of its yuan.
Good to hear you D A!!!!!!!!!! The Plaguers and Unger and Berenson and company must be enjoying this run,,,wherever they are...…...
GM Larry,,,,,,,,,trade war news all the time taking markets lower as you said...……..
N American Morning Briefing: Stocks to Open Lower; China Trade Spat Continues to Unsettle
Today 5:43 AM ET (Dow Jones)
N American Morning Briefing: Stocks to Open Lower; China Trade Spat Continues to Unsettle
DJIA 25582.00 -188.00 -0.73%
S&P 500 2833.00 -24.75 -0.85%
Nasdaq 100 7341.50 -90.75 -1.20%
Thanks for sharing EZ!!!!!!!!!
Hi Larry!!!!
Beautiful day today,,,mid 60's and sunny!!!!!!! Hope all is well your way??
Reports of an overheated IPO market are greatly exaggerated
Today 5:21 AM ET (MarketWatch)
By Mark Hulbert, MarketWatch
Investors now are cautious about buying new stocks
Recent IPOs do not suggest that investors are irrationally exuberant.
That's an important lesson to draw, because many companies going public of late , such as Uber Technologies and Lyft , have raised tens of billions of dollars without ever having turned a profit. This has suggested to some that investors' faith in these companies' future growth prospects borders on gullibility.
That is an incorrect assessment, according to Jay Ritter, a finance professor at the University of Florida and one of academia's leading experts on the IPO market. Ritter instead drew attention to a number several secular trends that have relatively little to do with the message the IPO market may have for the current stock market as a whole, including:
1. Downward trend in young tech firms going public
More companies are waiting until they are older and much larger before coming to market, Ritter explained. This is particularly true in the technology sector, as evidenced by the smaller number of young technology companies that are going public. Instead, Ritter said, most young tech firms are selling out to larger tech companies. Over the last several years, he said, "85% to 90% of successful VC firm exits have come from sales to other firms rather than through IPOs."
This trend extends all the way back to the bursting of the internet bubble, and is therefore not new. As such , any particular conclusions can be drawn about the temperature of the current market.
2. Biotech IPOs
In the absence of young tech firms going public, biotech companies have come to dominate. Ritter says that this year is the seven in a row in which this has been the case. Of the 57 IPOs so far this year in the Renaissance Capital database, for example, 26 have been in this sector. This is relevant because the vast majority of biotech companies never produce a profit -- not just in recent years, but ever.
The increase in the percentage of IPOs that are from unprofitable companies therefore means just the opposite of what the gloom-and-doomers are suggesting: Instead of an increased appetite for unprofitable companies, the increased percentage reflects a reduction in the number of young tech companies going public.
3. Restaurant IPOs
If we eliminate both of these above factors, is there any secular trend towards more unprofitable companies going public? Ritter says no, and as evidence he refers to restaurants IPOs. The data he provided are in the accompanying table.
Time period Number restaurant IPOs % profitable
1980-1989 59 83%
1990-1999 79 67%
2000-2009 17 65%
2010-2018 19 89%
Ritter's conclusion: "There has been a reduction in the number of restaurant chains going public..., but the profitability of those that go public has not deteriorated."
HAHA!!!!!!!!!!!!!!!!!
Global Stocks Slip as Trade Skirmish Drags On; The yield on U.S. Treasurys edged higher
Today 3:42 AM ET Editor's PicksPrint
Global stocks opened mostly lower on Monday, as investors continued to weigh the impact of souring U.S.-China trade negotiations .
In Europe, the Stoxx Europe 600 was down 0.2% in morning trading. In Asia, the Shanghai Stock Exchange dropped 0.4% and Hong Kong's Hang Seng Index dropped 0.6%. Japan's Nikkei gained 0.2%.
Futures pointed to opening gains on Wall Street of 0.2% for both the Dow Jones Industrial Average and the S&P 500.
Tensions between the U.S. and China have heated up over the past week amid tit-for-tat tariff increases from both sides, even as negotiators continued to try to thrash out a deal.
Trevor Gurwich, a senior portfolio manager at American Century Investments, said many investors have been surprised by the reemergence of tensions between the world's two largest economies.
"The market is too sanguine about expecting a quick, easy trade deal," he added, pointing to the complexity of the negotiations, which could cover issues like intellectual property law.
At this stage, the main issue is gauging the impact of fresh uncertainty on the global economy through weakened sentiment and via financial markets, according to Marco Valli , head of macro research at UniCredit , rather than the direct impact of lower global trade.
The 10-year U.S. Treasury yield on Monday ticked up to 2.405%, from 2.396% on Friday. Yields move inversely to prices. German 10-year government bonds were in negative territory at -0.096%.
Now to try to do it where it really conts……………………..haha that won't happen
Thanks,,,the guessing game worked for a change...……….
Keurig Dr Pepper Inc. (KDP) said Thursday its majority shareholder Acorn Holdings is planning to sell some of its shares in the company, a move that will increase the public float to about 20% of outstanding shares from a current 15%. Acorn said the decision was partly driven by KDP's request to provide additional liquidity. Acorn has already agreed to sell about 47 million shares through registered direct sales, boosting the public float to about 18%. "Acorn does not intend to sell any additional shares of KDP in the foreseeable future," the company said in a statement. KDP shares fell 1.1% in early trade, but have gained 52% in the last 12 months, while the S&P 500 has gained 4.7%.
Keurig Dr Pepper Inc. (KDP) said Thursday its majority shareholder Acorn Holdings is planning to sell some of its shares in the company, a move that will increase the public float to about 20% of outstanding shares from a current 15%. Acorn said the decision was partly driven by KDP's request to provide additional liquidity. Acorn has already agreed to sell about 47 million shares through registered direct sales, boosting the public float to about 18%. "Acorn does not intend to sell any additional shares of KDP in the foreseeable future," the company said in a statement. KDP shares fell 1.1% in early trade, but have gained 52% in the last 12 months, while the S&P 500 has gained 4.7%.
Hey EZ!!! they had on the news the other nite the last time we hit 70 was Sept 17th!!!!!!!!!!!!!Looking at the latest in the year of May 23rd for hitting it also...……..
Uh-OH,,,you sure don't want my drivers!!!!!!!!!!!<gg>
Macy's Same-Store Sales Rise, Affirms Full-Year Outlook--Update
Macy's Inc. posted stronger-than-expected sales growth in the latest period as the retailer said it benefited from more customers making purchases through digital channels.
Sales at stores open at least a year grew 0.6% for the period ended May 4, above the FactSet estimate of a 0.6% decrease. Including licensed departments, same-store sales rose 0.7%.
Overall, the Cincinnati-based company reported Wednesday net sales for the first quarter fell less than 1% to $5.5 billion.
The company posted a profit of $136 million, or 44 cents a share, down from $139 million, or 45 cents a share, a year earlier. Excluding impairment and other costs, adjusted earnings were 44 cents a share, higher than the 33 cents a share that analysts polled by FactSet were looking for.
Macy's also affirmed its sales and earnings guidance for the current fiscal year. The company expects net sales to be roughly flat from the last fiscal year, with comparable sales to be flat to up 1%. Excluding settlement charges, impairment and other costs, the company forecasts adjusted earnings per share of $3.05 to $3.25.
The stock rose more than 4% to $22.74 in premarket trading. Shares are down 27% in the past year.
In February, Macy's signaled 2019 would be a challenging year, predicting sales wouldn't grow and announcing another round of cost cuts. The company said it would streamline senior management as part of a plan to save $100 million a year, resulting in the elimination of 100 jobs.
Last month, reports surfaced that Macy's might build an office tower on top of its flagship Herald Square store in New York.
In April, Macy's said it would bring its Story concept shop to 36 stores in 15 states. Macy's acquired Story in May 2018, which at the time was a New York City location with a rotating store design and merchandise every four-to-eight weeks.
The retailer operates about 680 department stores under the Macy's and Bloomingdale's names, and nearly 190 specialty stores that include Bloomingdale's The Outlet, Bluemercury, Macy's Backstage and Story.
Retailers could soon feel the pain as trade tensions rise. Last week, 25% tariffs on more than $40 billion of goods that are imported from China took effect, affecting clothing, luggage, handbags and furniture, among other consumer products. In response, merchants may have to decide whether to absorb the added costs of the new tariffs themselves, spread them across their vendors or pass them on to consumers.
The tariffs come as retailers' profit margins are already under pressure as they spend on upgrading their digital capabilities and remodeling their stores.
Macy's, Inc. Reports First Quarter 2019 Earnings
8:00 am ET May 15, 2019 (BusinessWire) Print
--EPS and adjusted EPS of $0.44
--2019 strategic initiatives on track to deliver sales growth
--Company reaffirms annual 2019 sales and earnings guidance
Macy's, Inc. (NYSE: M) today reported results for the first quarter 2019and reaffirmed annual sales and earnings guidance for fiscal 2019.
Financial Highlights
First Quarter
----------------------
(in millions) 2019 2018
------------------------------------------------------------------------------- ------------ ---------
Net sales $ 5,504 $ 5,541
------------------------------------------------------------------------------- -- ----- -- -----
Comparable sales
--------------------------------------------------------------------------------------------------------
Owned 0.6 %
------------------------------------------------------------------------------- -----------
Owned plus licensed 0.7 %
------------------------------------------------------------------------------- -----------
As reported
--------------------------------------------------------------------------------------------------------
Net income attributable to Macy's, Inc. shareholders $ 136 $ 139
------------------------------------------------------------------------------- -- ----- -- -----
Earnings before interest, taxes, depreciation and amortization $ 446 $ 492
------------------------------------------------------------------------------- -- ----- -- -----
Diluted earnings per share $ 0.44 $ 0.45
------------------------------------------------------------------------------- -- ----- -- -----
As adjusted*
--------------------------------------------------------------------------------------------------------
Net income attributable to Macy's, Inc. shareholders $ 137 $ 149
------------------------------------------------------------------------------- -- ----- -- -----
Earnings before interest, taxes, depreciation and amortization $ 447 $ 505
------------------------------------------------------------------------------- -- ----- -- -----
Diluted earnings per share $ 0.44 $ 0.48
OPEN: 17-24-42-88
ALL STar:: 2-4-18-22
thanks
OPEN: 17-42-88
ALL STAR:: 4-18-22
thanks...……...
8 Stocks To Watch For May 15, 2019
Today 5:00 AM ET (Benzinga)Print
Some of the stocks that may grab investor focus today are:
Wall Street expects Macy's, Inc. (NYSE: M) to report quarterly earnings at $0.33 per share on revenue of $5.52 billion before the opening bell. Macy's shares fell 0.4 percent to $21.89 in after-hours trading.
Analysts expect Cisco Systems, Inc. (NASDAQ: CSCO) to post quarterly earnings at $0.77 per share on revenue of $12.90 billion after the closing bell. Cisco shares rose 1.4 percent to close at $52.02 on Tuesday.
Container Store Group Inc (NYSE: TCS) reported better-than-expected earnings for its fourth quarter and issued strong 2019 guidance. Container Store shares jumped 15.9 percent to $9.87 in the after-hours trading session.
Before the opening bell, Childrens Place Inc (NASDAQ: PLCE) is estimated to report quarterly loss at $0.52 per share on revenue of $391.05 million. Childrens Place shares fell 0.3 percent to $111.75 in after-hours trading.
Analysts are expecting Alibaba Group Holding Limited (NYSE: BABA) to have earned $0.97 per share on revenue of $13.32 billion in the latest quarter. Alibaba will release earnings before the markets open. Alibaba shares rose 1.1 percent to $176.75 in after-hours trading.
Agilent Technologies Inc (NYSE: A) reported weaker-than-expected results for its second quarter on Tuesday. Agilent shares dipped 9.9 percent to $68.51 in the after-hours trading session.
After the markets close, Flowers Foods, Inc. (NYSE: FLO) is projected to post quarterly earnings at $0.30 per share on revenue of $1.23 billion. Flowers Foods shares fell 0.84 percent to close at $21.16 on Tuesday.
8x8, Inc. (NYSE: EGHT) reported a wider-than-expected loss for its fourth quarter, while sales exceeded estimates. The company also issued weak sales guidance. 8x8 shares fell 5.2 percent to $22.50 in the after-hours trading session.
D Johnson
J Day
M Kuchar
F Molinari
X Schauffel
score 274....thanks
9-18-20-42...…...thanks
4-19-2...thanks
Good Morning Larry,,,Spring has NOT sprung!!!
Tonight
Rain before 11pm, then rain and snow between 11pm and 2am, then snow after 2am. The snow could be heavy at times. Low around 33. Breezy, with an east wind 15 to 20 mph increasing to 20 to 25 mph after midnight. Winds could gust as high as 30 mph. Chance of precipitation is 100%. New snow accumulation of 1 to 2 inches possible.
sorry switch 88 for the 14,,,thanks
2-4-10-14...……..thanks
22-9-12...thanks
Good Mornin' Tuffie,,,,,,,,,,,,made my day already seeing a message from you...enjoy your day...…...
1-22-21-41...……..thanks
4-18-19....thanks
Hope it stays down there!!!!!!!!!!!!!!
HOUSTON--(BUSINESS WIRE)--
VOC Energy Trust (VOC) announced the Trust distribution of net profits for the first quarterly payment period ended March 31, 2019.
Unitholders of record on April 30, 2019 will receive a distribution amounting to $2,720,000 or $0.16 per unit, payable May 15, 2019.
Sounds GREAT!!!!!!!!!!!!
1-18-41-48....thanks
4-19-9...…….thanks
Thanks for posting that EZ...……………….so sad
McIllroy
Rahm
Day
Fleetwood
Casey
score of 276...………..thanks
2-19-41-48.....thanks
11-18-4 for Bristol....thanks
Don't look at what "K" paid for it a while back!!!!!!!!!!!!!!! yuk...…….
9-18-24-48.....thanks