The last earnings season was all about raising expectations for earnings on the back of corporate tax cuts, share buybacks, and a synchronous global economic expansion. A lot has changed in the last three months, according to Nick Raich of Earnings Scout. “Last earnings season it was all about raising estimates. This earnings season, all
Month: July 2018
Check out which companies are making headlines before the bell: PepsiCo – The snack and beverage maker reported adjusted quarterly profit of $1.61 per share, beating estimates by 9 cents a share. Revenue also came in above forecasts. PepsiCo also reported overall organic revenue growth that beat Street forecasts, and reiterated its full-year guidance. EBay
Shutterstock One of the main factors that will make or break your apartment budget is the quality of resident you attract. A high-quality resident is someone who pays rent on time, treats the unit and apartment community as if it were their own home and is courteous to the neighbors. High-quality residents not only make
U.S. homeowners today are getting richer by the minute, but they are less likely to cash in on their newfound wealth than during previous housing booms. As home values rise, home equity lines of credit, often used to tap home equity, are flatlining, and the overall amount of money people are taking out of their
Financial markets believe Europe will eventually “accommodate” President Donald Trump on trade, Wall Street’s Art Cashin told CNBC on Monday. “Even if it’s only to a slight degree, the president will step back and claim victory,” said Cashin, director of floor operations for UBS at the New York Stock Exchange. Trump is threatening tariffs on
In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused
A goodwill ambassador for the United Nations Industrial Development Organization (UNIDO) has been named as the head of crypto exchange Binance’s new charity foundation. Announced today, the move puts Helen Hai – whose work is primarily focused on development in Africa – at the top of the Binance Charity Foundation, the philanthropic arm of one of
Charles Schwab & Co. takes the lead in offering bargain money management. Who’s got the best exchange-traded funds? Charles Schwab & Co. Vanguard is a close second in this competition. State Street, which got the ETF industry going with its SPDR S&P 500 fund, is in fifth place. BlackRock, whose iShares family is the biggest
Successful executives in many businesses know that the secret to getting the most out of people is first finding great people and then holding them accountable for their results. The investment business is no different. To get your portfolio back on track, the first step is to figure out if you have great investment managers. Hold
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. At press time, the premiere cryptocurrency is flatlined at $6,710 on Bitfinex, having clocked an 18-day high of $6,839 over the weekend and is showing signs of bullish exhaustion
Check out the companies making headlines before the bell: Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is only temporary, and hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to
Toys ‘R’ Us has shut all of its U.S. stores, but don’t mistake that as a hopeless sign for the rest of brick-and-mortar retail. ( Photographer: Luke Sharrett/Bloomberg) Toys “R” Us, which closed the last batch of its U.S. stores just over a week ago, has left behind not only nostalgia but also hundreds of empty stores
Since President Donald Trump’s full time residence is the White House — and not his Manhattan condo in Trump Tower — New York City officials recently determined he is no longer eligible for a $48,000 tax break, according to a report by the New York Daily News. The tax break is available to condo and
Biogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 19.6 percent Friday, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer’s disease. The stock move added more than
It’s Crypto World Cup Day 21. Justin Sun takes on Willy Woo and Charlie faces off against CryptoYoda. Who will move on and who will be knocked out? Today’s the final day of the quarterfinals and the last chance to take your guesses at the final two teams who will be moving into the semifinal
Switzerland’s principal stock exchange has announced that it is developing a blockchain-based platform to tokenize traditional securities. In an announcement on Friday, SIX Swiss Exchange said it will build the new initiative – dubbed SIX Digital Exchange (SDX) – on a distributed ledger, utilizing its technical expertise in operating a large-scale financial infrastructure. As a regulated
Last week’s market had something for both the bears and the bulls, but the bulls won out again. The stock market was at a similar and even more important inflection point in early May (The Bull & Bear Tug Of War – Who Is Winning?) as the A/D lines were close to completing their corrections.
Bitcoin is building on Friday’s sharp recovery from lows below $5,800, indicating the corrective rally has more substance than what many presumed to be another “dead cat bounce.” Overall, the premier cryptocurrency jumped to $6,661.76 at 13:00 UTC, a 6.37 percent increase from the day’s low of $6,262.28, and was last seen trading at $6,613,
Mainland Chinese stocks have been the world’s worst performers and they could continue to be volatile as long as Beijing and Washington battle over trade. The Shanghai index, since peaking Jan. 24, is down 23 percent and the Shenzen is down 22 percent in that time. The U.S. S&P 500, since its Jan. 26 peak,
Denver, Colorado. (Shutterstock) Many investors like real estate because of the potential for steady, above-average returns with only a limited downside risk. Others, however, are more intrigued by the possibility of a quick strike in a real-estate boom, holding a property for a short time as values rise and magnifying their return with leverage from
Warren Buffett famously still lives in the Omaha, Nebraska, home he bought in 1958 for $31,000. (Now its property taxes are almost that much.) But at the urging of his late wife, Susie, Buffett also bought a beachfront vacation home in Laguna Beach, California, in 1971 for $150,000. While Buffett put the mansion on the
Steven Cohen is having a tough time getting UK financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let Cohen open the fund to UK investors, according to a report in the FT citing
Today kicked off the quarterfinals of the Crypto World Cup and boy was the competition fierce! Many big names have already been eliminated, but who will be next? Let’s find out! Today’s competitors: Brad Garlinghouse vs. Charles Hoskinson & Cameron Winklevoss vs. Satoshi Nakamoto Check out the eight finalists that made it to the Quarterfinals!
Sure, a technical analyst can perform just fine with an understanding of candlestick patterns, support and resistance levels – but if you could add one more weapon to your trading arsenal, wouldn’t you? If you answered yes, then welcome to the world of supplemental indicators, namely the relative strength index (RSI) – one of the
Andrés Manuel López Obrador, the winner of Mexico’s presidential election, is already a superstar in Latin America. Mexico’s stock market rocketed on his win despite rumors that he is some sort of socialist, antimarket left winger. Photographer: Cesar Rodriguez/Bloomberg. Andrés Manuel López Obrador won the Mexican presidency on Sunday and the market has been rising ever
In the case of bitcoin’s Q2 price movements, it turns out history didn’t repeat. As the three-month period came to a close this week, the final figures indicate bitcoin fell 8 percent according to CoinDesk’s Bitcoin Price Index (BPI), snapping a 7-year win streak for the market’s leading cryptocurrency. As seen in the table below, bitcoin
The Trump administration may keep upping the ante in a trade dispute with Chinafor now, but if it can manage to steer clear of a bigger battle over the global auto sector, it may avoid a more serious blow to the economy. This week, there were signs that European leaders may be willing to negotiate
Shutterstock For homebuyers today, luxury doesn’t necessarily equate to price point — often it is actually quite personal. Luxury can be more time at home with family, proximity to friends and loved ones, or convenience in terms of amenities and features. What does this mean for real estate professionals? It means that we too have
The average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history, according to MLS data compiled by local real estate agency Paragon. The average house in the city limits now costs $1.62 million. Condo prices also rose by $71,000, which is
Speaker company Sonos has filed to go public. The company reported a net loss of $14.2 million on revenue of $992.5 million for the last fiscal year. That’s an improvement from fiscal year 2016, when the company posted a net loss of $38.2 million on revenue of $901.3 million. For the six months ending March