Stock Market Today


 

Is Fitbit Finally Coming Around? [0.14]

Posted on Aug. 3, 2017, 4:10 p.m. by 24/7 Wall St. @ [source]

Since Fitbit Inc. (NYSE: FIT) released its second-quarter financial results after the markets closed on Wednesday, shares bounced off an all-time low, contributing to the rally of the broad markets.

During this quarter, Fitbit sold 3.4 million devices, which was up 14% sequentially but down 40% from the same period last year.

consensus Fitbit grew markets net quarter results Revenue sequentially shares

 

Iran hoped that agreeing to curtail its nuclear program would encourage foreign firms to pour tens of billions into the country.

More than two years have passed since Iran signed a landmark nuclear agreement with six world powers including the U.S.

Agreement firms investment Iran major nuclear oil sanctions signed years

 

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No major U.S. department store chain any longer reports monthly same-store sales numbers. That’s probably due to dwindling sales in their brick-and-mortar stores.

and brick chain department mortar numbers online Retail sales store

 

Shares of Air Products & Chemicals Inc. (APD) are up about 9% over the past twelve months, and in my view there’s more upside for these shares over the long haul. It may be time for management to put some of the company’s free cash flow to work to start to aggressively buy back shares.

Air Products APD business debt dividend future months past shares trade

 

Spark Therapeutics (ONCE) stock closed higher by 19.72% to $79.72 per share on Wednesday, after the company reported positive phase 1/2 results in patients with Hemophilia A. As Spark Therapeutics continues to make progress for being able to treat diseases with one dose only, it provides a great investment opportunity.

dose Factor VIII hemophilia patient Phase results spark stock study treatment

 

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 20 billion cubic feet for the week ending July 28. Analysts were expecting a storage injection of between 17 billion and 27 billion cubic feet.

cubic feet EIA five natural gas reported storage totaled traded week year

 

He emphasized that the move was less about saving money than it was about deepening relationships between Microsoft and the law firms that execute its legal strategy. Howard also said Microsoft planned to work more closely with law firms on diversity, which its legal department, along with those of companies like Facebook, has increasingly emphasized as a way to encourage firms to employ a broader variety of lawyers.

companies corporations emphasized firm law Lawyers legal Microsoft Newsletter services

 

The July metrics released by Costco (COST) yesterday help reaffirm our thesis that Costco is likely Amazon (NASDAQ:AMZN) proof and remains a contrarian opportunity for those who can stomach buying a brick-and-mortar retailer at an aggressive valuation.

First and foremost, let's take a review of the metrics that the company posted for July.

aggressive valuation Amazon and mortar brick and continue Costco food July metrics shares

 

Endeavour Silver (EXK) looks like it is about to get crushed today following its just reported Q2 earnings report.

If we go back to Q1, Endeavour churned out silver production that was also down year-over-year at 1,076,974 million ounces for Q1 2017.

Gold mine ounce performance production Q1 Q2 silver sold stock

 

Investors and analysts always have a game that gets played during earnings season. Traditional investors might just assume that how a company’s stock will act is how a company did versus a year ago or compared to a quarter earlier.

analyst companies Cummins earnings growth investors market stock trading versus

 

Tesla (TSLA) shared overwhelmingly good news with investors in its quarterly update letter and earnings call. CEO Elon Musk said he’s never felt better about Tesla, and it’s not hard to see why.

car demand management Model Musk news production rate sales Tesla

 

Randgold Resources (GOLD), the British gold producer focused on West Africa, has perhaps has the best ticker symbol of its peers.

In the second quarter of the year, Randgold sold a total of 336,516 ounces of gold, which is approximately the same compared to the production results of Q1 2017.

approximately dividend exploration expenditure free flow Gold net position production Randgold tax

 

Tesla is becoming the King Manufacturing but has some tough competition in the near future.

This brings me to Tesla (TSLA).

car design Elon manufacturing Model Musk production stock Tesla years

 

Annaly Capital (NYSE:NLY) has caught my attention today as it has just reported Q2 earnings that the Street is rather muted on. That said, over the past few quarters Annaly has been very close to not covering its dividend.

Annaly book dividend earning fell income interest quarter rate term

 

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We last took a look at Caterpillar Inc. (CAT) back in early May. The monthly chart of CAT shows that it has continued to move up since last May.

cat Caterpillar earnings earnings report gap moving quarter Revenue stock Volume

 

Thanks to a recent decline in companies' capital investments, the record high stock market may still be one to buy, Goldman Sachs said.

After four years of decline, global capital expenditures are expected to grow 5.5 percent this year, S&P Global Ratings said Monday in its fifth annual global corporate capex survey.

capex capital expenditures flow yield free flow Goldman investment Kostin market stock

 

Mark Zuckerberg was 12 years old the last time the stock market was this calm.

It's yet another sign of a hot market.

August fear financial global investors market pullback rate stock Wall Street

 

Chart of the Day: Precious PMI [-0.50]

Posted on Aug. 3, 2017, 3:23 p.m. by Bespoke Investment Goup @ [source]

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