Wall Street eyes week of S&P 500 earnings
A week of 117 S&P 500 earnings reports could spark a market rally or dampen optimism if misses mount. Through Friday, 71 percent of 58 reports beat estimates, yet third quarter earnings are still forecast to contract around 3.9 percent, above prior forecasters. Major names fill the slate: Morgan Stanley IBM Halliburton Monday. Harley Davidson Chipotle Yahoo Tuesday. Coca Cola Boeing American Express Wednesday. McDonalds Google Amazon Thursday. Procter & Gamble Friday.
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Halliburton
Harley- Davidson
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American Express
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Google
Amazon.com
Procter & Gamble
SigFig users' selling amid August market move shows wealth gap
Among SigFig investors in the bottom quartile, 61 percent sold more than 10 percent of their portfolio during the August correction. In contrast, only 16 percent of the top wealthiest quartile did so, highlighting a stark disparity in reaction to the market decline.
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SigFig
America wealth portfolio trends per SigFig data
SigFig analyzes USA online portfolios showing investors in ranges from 100k to 1 million. It notes large holdings including AAPL GOOG and mentions LOXO CPXX and NASURE among assets while highlighting over half a million investors with about 200 billion total assets managed online.
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SigFig
Ballmer takes stake in Twitter as investor third largest
Steve Ballmer, former Microsoft CEO and Los Angeles Clippers owner, says he has built a 4 percent stake in Twitter over months, becoming its third largest investor. Meanwhile, Alibaba affiliate announces plan to acquire all remaining Youku Tudou shares, with Victor Koo remaining chairman and CEO.
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Twitter
Los Angeles Clippers
Microsoft
Steve Ballmer
Youku Tudou
Youku
Victor Koo
Quanta Services Sees Lower Q3 Earnings Forecast
Quanta Services says preliminary third quarter results imply earnings of 22 to 24 cents per share, down from prior guidance of 34 to 40 cents, as it reports changes in fuel and labor costs and project performance. The company notes market conditions remain uneven across its specialty contracting portfolio.
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Quanta Services
Chip maker AMD seen as having bleak rally odds
AMD faces dwindling reasons for existence amid losses and weak cash. After a quarterly miss on Oct 15 the stock fell further, down about 25 percent in a year. Trading near $2, its market value sits under $2 billion as Intel and others press in. S&P Capital IQ warns of ongoing losses for at least five quarters and negative debt outlook, though AMD holds $755 million in cash.
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AMD
Intel
S&p Capital IQ
S&P’s Ratings Services
GE earnings beat Street estimates as it trims GE Capital
GE reported third quarter earnings of 25 cents per share and revenue of 31.68 billion, beating expectations on adjusted 29 cent earnings while continuing a plan to refocus on manufacturing after selling 30 billion of GE Capital assets to Wells Fargo. The company aims to return about 30 billion to shareholders in 2015 via Synchrony exchange and dividends. Realized oil and gas revenue fell 16 percent, while aviation and other divisions showed gains as GE pivots to aviation energy transportation and health care. The stock closed near 28.98 dollars as the restructuring progresses.
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London
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THE
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Thomson Reuters
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U.S
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Federal Reserve
GE Capital
Jeffrey Immelt
Immelt
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