Alcoa profits lift markets as earnings season begins
Alcoa reports better-than-expected quarter with 0.15 dollar earnings per share and 5.3 billion dollars in revenue, beating estimates. Shares rise after hours while regular trading closes up 3.3 percent. CEO Klaus Kleinfeld cites agile costs and new opportunities as aluminum markets improve. The note marks earnings season start, though Alcoa no longer leads the Dow and is splitting into two companies. JPMorgan Chase set to report next.
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Alcoa
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Klaus Kleinfeld
Jpmorgan Chase
USA investors' tech stock portfolio with SigFig data
SigFig data shows US investors with over 500k accounts managing about 200 billion in assets. Five day average returns show a -0.9 percent move while six month average hits 1.62 percent. Apple leads holdings, purchases and sales with AAPL dominating activity.
MENTIONED IN THIS ARTICLE
SigFig
Burberry appoints Marco Gobbetti as CEO amid earnings woes
Twitter and UBS moves ripple through the market as Suntrust Robinson Humphrey downgrades the messaging service to neutral with an 18 dollar target while UBS cuts its stance on a transportation company. Burberry names Marco Gobbetti as new chief executive replacing Christopher Bailey who failed to revive flagging earnings.
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Twitter
Suntrust Robinson
Burberry
Marco Gobbetti
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Investing Choose portfolio that matches risk taste
The S&P 500 trades at 21.3 times adjusted earnings, above the 1988-averaged 19 times. Timing the market is futile. instead pick a portfolio aligned with your risk tolerance. If earnings rise, stocks may look cheaper at 17.7 times. otherwise, valuations stay high.
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Standard & Poor
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Third Tesla crash amid SEC probe reports
A third Tesla crash in two weeks involved Autopilot with authorities told the driver at the scene that the feature was engaged. The WSJ said the SEC is probing Tesla over delayed disclosure of a May fatal Florida crash. No SEC comment. TSA.
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Tesla
SEC
The
Wall Street Journal
Securities and Exchange Commission
Florida
Jade Schope
Montana Highway Patrol
Interstate 90
Whitehall
Schope
Joshua Brown
Canton
Ohio
Williston
Fla
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