Month: July 2018

Bitcoin, the first cryptocurrency, is completely different from anything that preceded it. Bitcoin is quite real, and it’s likely here to stay. Bitcoin defies traditional currency and economic models, so it’s ironic that these models are being used to support predictions of its ultimate demise. This makes as much sense as it would have at
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Check out the companies making headlines after the bell: Apple shares rose more than 3 percent during after-hours trading, following a third quarter earnings report that beat Wall Street estimates. The tech giant reported earnings per share of $2.34, beating analysts’ expectations of $2.18 per share. It also reported strong numbers for revenue of $53.27
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Several Wall Street firms are cautioning their clients about the prospects for Twitter shares, saying the social media company’s stock will not outperform until user growth returns. On Friday the company posted slightly lower-than-expected second-quarter monthly active user (MAU) numbers. But the bigger disappointment was Twitter’s guidance for the third quarter, when it forecasts a
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Procter & Gamble reported quarterly earnings that topped analysts’ expectations on Tuesday, though fell short on sales. The revenue miss is likely to do little to allay concerns of of investors regarding continued shrinking market share amid increased competition from private label brands and upstart companies. The maker of everyday household goods like Pantene, Crest
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The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
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Check out the companies making headlines after the bell: AK Steel plummeted more than 8 percent during after-hours trading on Monday, after missing second quarter earnings estimates. The company reported earnings of 18 cents per share, missing Wall Street estimates of 20 cents. Its reported revenues were in line with expectations at $1.75 billion for
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Heineken NV, the world’s second largest beer maker, cut its guidance for full-year margins on Monday after reporting first-half earnings below market expectations. The brewer of Heineken lager, Tiger, Sol and Strongbow cider forecast that its operating margin would decline by 20 basis points, compared with a previous forecast of 25 basis point increase. The
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European markets traded lower during early deals on Monday as investors digested further earnings reports. The pan-European Stoxx 600 was 0.2 percent lower with almost every sector in the red. Basic resources were the worst performers as trade concerns lingered and Asian stocks struggled during Monday’s session. Several analysts claim the agreement reached last week
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Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first chart compares commodity prices to
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Amazon shares rallied after the e-commerce giant reported a second-quarter profit that doubled Wall Street’s expectations. Amazon’s stock jumped more than 4 percent in premarket trading Friday. “Amazon continues to perform at a level well-above its mega cap internet peers,” Barclays said in a note. “In a critical time, Amazon’s stellar sales and burgeoning margin
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