Investors eye revenue as market direction clues
Investors expect the second quarter to show weak profit growth with S&P 500 earnings down 3.3 percent year over year while revenue falls about 4.1 percent after a 2.3 percent drop in Q1. Analysts warn Corporate America struggles to achieve incremental sales, though many beat earnings forecasts. The S&P 500 trades at about 1.9 times revenue, a 26 percent premium to history.
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Standard & Poor
S&p Capital IQ
S&p 500
Jack Ablin
BMO Private Bank
America
Ablin
SigFig analysis tracks half a million investors portfolios online
More than half a million investors nationwide with total assets of 200 billion dollars manage their investment portfolios using the SigFig tracking service. Data on this page reflect SigFig analysis.
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America
SigFig
Stocks Update: Price $57.67 as Day Moves Higher
The stock trades at 57.67 with a 2.73 gain, posting a 5.0 percent cigarette variant. Day’s high hits 58.05 while the low prints 56.43 on the session.
IBM Reports Mixed Q2 Results with Revenue Decline
IBM posts second quarter earnings above forecasts yet revenue slips across major segments. LifeLock faces FTC action over misleading advertising claims of 100 percent identity theft protection. Harley-Davidson exceeds profit and sales expectations amid a strong dollar and rival discounts, buoyed by demand for new models. 4-WEEK TREND.
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LifeLock
Federal Trade Commission
Harley-Davidson
U.S
IBM
IBM struggles to excite investors as growth stalls
IBM reports an adjusted quarterly profit of 3.84 a share beating expectations by 1 percent while revenue falls 15 percent to 20.8 billion. Earnings per share drop 11 percent in the quarter and shares slide about 6 percent to 163 as analysts maintain a hold rating. Investors seek growth and new partnerships to revive enthusiasm.
MENTIONED IN THIS ARTICLE
IBM
International Business Machines
Citi to pay 700 million for deceptive credit card marketing
Citibank and its subsidiaries face a 700 million consumer relief penalty for illegal credit card add on practices affecting about 7 million accounts between 2003 and 2012. The order also imposes 70 million in penalties to CFPB and OCC and 23.8 million in relief to nearly 1.8 million accounts for expedited payment fees. CFPB director Cordray notes the action is the tenth in four years in this sector. Citibank cooperated with investigations.
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U.S
Citibank
Consumer Financial Protection Bureau
CFPB
Richard Cordray
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