Third quarter earnings set to dip as energy slumps
Analysts forecast S&P 500 earnings to fall 4.2 year over year, first quarterly drop since 2009, with energy leading declines at 65 percent amid oil price weakness. Sector forecasts vary, while telecom, consumer discretionary and financials expected to rise. So far 36 firms posted 15.9 percent higher earnings. more results to come.
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Walmart
Standard & Poor
Thomson Reuters I
S&p
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SigFig users show higher leveraged ETF ownership among bottom quartile
A study of SigFig investors reveals the lowest 25 percent by wealth are three to four times more likely to hold leveraged ETFs tied to natural gas and crude oil. The finding highlights potential risk concentration among less affluent traders using tracking services.
MENTIONED IN THIS ARTICLE
SigFig
Market performance brief hints at stock activity
The fragmented note shows percentages and moving averages for 1, 28, and five days with AAPL as largest holding and most bought stock. It mentions GOOGL as most sold and marks AAPL as recurring leader while noting ongoing investor activity and incomplete phrases.
MENTIONED IN THIS ARTICLE
AAPL
GOOGL
SigFig tops half million investors use online tracking
SigFig reports more than 500 thousand investors nationwide with total assets of 200 billion dollars manage portfolios online using SigFig investment tracking service. Data on this page are based on SigFig analysis.
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USA
America
SigFig
TripAdvisor, Priceline Tie Yet to Expand Instant Booking
TripAdvisor announced a partnership with Priceline online travel brands to join its instant booking platform launched last year. Price moved to 68.70, up 6.93, with a day high of 70.50 and low of 67.33. SanDisk hired an investment bank to explore strategic options amid rising costs and shrinking demand, possibly pursuing a sale per Bloomberg News.
MENTIONED IN THIS ARTICLE
TripAdvisor
Priceline
Oncology drug wins EU orphan status for exclusivity
CASI Price 1.43, up 0.41. The company reports its oncology drug has received European orphan drug status, securing 10 years of EU market exclusivity. Also notes a $100 figure and a date of September 16.
MENTIONED IN THIS ARTICLE
Casi Pharmaceuticals
Walmart stock sinks on cautious forecast and growth worries
Walmart warned of 3 to 4 percent growth over three years and potential 12 percent profit drop in fiscal 2017. Shares fell about 10 percent to $60 as investors weigh restructuring and wage pressures while analysts setting a 18 month target near $73.02. Some see the stock as bargains given a 14 times earnings multiple vs the market, though growth remains challenged for the nation’s largest retailer.
MENTIONED IN THIS ARTICLE
Walmart
Amazon.com
Bank of America tops expectations amid low rates
Bank of America beat third quarter forecasts with 4.5 billion earnings and 20.9 billion revenue as rates remain near zero. Wells Fargo also topped estimates but shares fell on growth concerns. Banks face pressure from reduced net interest margins and weaker trading volumes amid global volatility.
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NEW York Bank of America
Wall Street
Wells Fargo
U.S
Charlotte Bank
Bank of America
Justice Department
Bofa
FactSet
Jpmorgan
Goldman Sachs
China
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