Month: April 2018

Much of the selling is in the passive investment products favored by retail investors. After a surge of inflows in January, U.S.-listed exchange-traded products posted their first two-straight months of outflows since 2008, according to Credit Suisse. “Right across the board, everybody came into the year in a pretty buoyant mood,” said Michael Hartnett, chief
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Russian sanctions-hit businessman Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminum and hydropower assets, to less than 50 percent, the company said in a statement on Friday. Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen on April 6, striking at allies
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To doubters of his bold statement, Cramer said, “What are you looking for, incrementalism? This wasn’t incrementalism. This is a new order.” Amazon shares jumped in early trading Friday, briefly rising above its all-time high of $1,617.54. Analysts were quick to gush over Amazon’s prospects. The most bullish, Macquarie’s Ben Schachter, raised his 12-month price
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Microsoft opened nearly 4 percent up Friday, the day after a first quarter earnings beat. The tech giant reported a 16 percent bump in sales for the quarter, led by revenue growth in its intelligent cloud segment. Shares of Microsoft initially fell in after-hours trading Thursday following the report, but recovered on a positive outlook
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Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices. Shares of Chevron were up more than half a percent shortly after the U.S. stock market opening, backing off stronger gains before the bell. Chevron’s profits have steadily
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One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and Cambridge Analytica. The impressive numbers sparked a rally in its stock the day after, rallying
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Questions remain for the trend in the short term, however, as President Donald Trump’s administration actively pursues topics considered antithetical to long-term environmental sustainability. The president has resurrected the Keystone XL and Dakota Access pipelines, sought an end to “the war on beautiful, clean coal,” called climate change a hoax, pulled the U.S. from the
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Check out the companies making headlines before the bell: Colgate-Palmolive – The household products maker beat estimates by 2 cents a share, with quarterly profit of 74 cents per share. Revenue fell short of forecasts, however, amid flat pricing compared to a year earlier. Moody’s – The credit rating agency reported adjusted quarterly profit of
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In the debate between growth and value, some may argue value can prevail. After all, “value” stocks typically boast low price-earnings ratios and other traditional assessment metrics, often looked upon as undervalued relative to its underlying fundamentals. “Growth” stocks are often considered those whose earnings are expected to increase at an above-average rate but don’t
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U.S. wireless carriers T-Mobile US Inc TMUS.O and Sprint Corp S.N have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. T-Mobile majority-owner Deutsche Telekom DTEGn.DE and Japan’s SoftBank Group Corp 9984.T, which controls Sprint, are considering
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Square announced an agreement on Thursday to buy website-building company Weebly for $365 million. The cash-and-stock deal will allow small business customers to use both Weebly and Square to easily build websites and online stores, the companies said. Weebly is a website-building service, similar to Squarespace or WordPress, and was backed by Sequoia, Tencent and
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Amazon’s cloud business exceeded analyst estimates, with revenue climbing 49 percent in the first quarter. Amazon Web Services reported sales on Thursday of $5.44 billion, compared to the $5.26 billion average estimate of analysts surveyed by FactSet. AWS contributed about 11 percent of Amazon’s total revenue for the period, up from 8.5 percent in the
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Coffee giant Starbucks has bolstered its loyalty program and maintained steady same-store sales growth, but it still hasn’t been able to grow at a fast enough pace to placate investors. Shares of the company slipped nearly 3 percent in aftermarket trading Thursday. In the quarter ended April 1, the company said that net income in
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