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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 28, 2016
Page
7
Apple beat forecasts lifting shares 6.5 percent after market close. Facebook surpassed earnings and revenue estimates, up over 6 percent after hours. Alphabet, expected to earn 8.02 per share in Q2, aims for a similar beat to spark growth in tech and ad markets.
An overview highlights American investors using SigFig tracking services. It notes the growing interest in portfolio tracking and analytics among individuals seeking improved fee transparency and simplified investment oversight.
SigFig analyzes how American investors allocate portfolios by risk using data from its online tracking service. The platform shows over half a million investors with about 200 billion dollars in assets, highlighting trends such as 5 day and 6 month averages, largest holding, most bought and most sold positions.
Wall Street reacts to a disappointing revenue growth outlook and tepid user growth for the short messaging platform, while Apple climbs on a earnings report that beat modest expectations. Apple’s stock movements illustrate divergent market sentiment with tech names supporting the day.
Unisys, a global IT and cybersecurity firm, posted sizable gains as it beat earnings estimates and reaffirmed full year guidance, emerging as the top NYSE gainer. The stock rose after the report, trading near $10.04 with a $3.17 intraday gain and a high of around $46.28 percent implied by the context.
Dividends serve as a security blanket for market stays and income seekers. HDV has outpaced the market this year on price and offers a 3.3 percent yield, higher than the S&P 500. Utility stocks with high yields also perform well as investors seek safety amid global economic uncertainty and delayed rate hikes. The trade may not last.
Apple’s services division rose 19 percent to nearly 6 billion in the latest quarter while iPhone, Mac and iPad sales fell. Services accounted for 14 percent of total revenue, up from 10 percent a year earlier, signaling growth beyond the flagship iPhone as customers stay within the Apple ecosystem.
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