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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 07, 2015
Page
12
Investors weigh stronger payrolls against higher rates as July job gains steady near 225,000. Bespoke says better numbers lift rate hike expectations, yet stocks show mixed reactions. Over two years gains from beated forecasts fade, while worse releases sparked larger rallies.
SigFig data show Apple leading mid July trading across investor categories while the firm expands Apple Watch disclosures. USA portfolio allocation by foreign investment tracks performance of America’s individual investors using SigFig, with over half a million users and about 200 billion dollars in assets managed online.
Herbalife posted stronger than expected second quarter results amid its ongoing dispute with Bill Ackman. Chesapeake Energy reported Q2 revenue above estimates, raised production guidance, and flagged potential asset sales. Michael Kors and other stocks show varied moves in the session.
Tesla shares slid about 10 percent to around 240 after it cut annual vehicle guidance to as low as 50,000 from 55,000. The quarter showed a 48 cent per share adjusted loss on 1.2 billion in revenue, with bulls predicting a 279.39 price in 18 months despite continued caution on valuation.
USA TODAY analyzes S P Capital IQ data and Glassdoor figures showing three S and P 500 chiefs earning less than their firm’s median worker. Larry Page received 1 dollar while Google’s median worker makes about 110000. Kartsotis and Mackey also paid a dollar or nothing.
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