Stock Market Today


Has Jack Dorsey Finally Figured Out Square? [0.02]

Posted on Aug. 2, 2017, 8:21 p.m. by 24/7 Wall St. @ [source]

Square, Inc. (NYSE: SQ) reported second-quarter financial results after markets closed Wednesday.

In the second quarter, Square Capital facilitated over 49,000 business loans totaling $318 million, an increase of 68% year over year.

closed consensus earnings estimates GPV net quarter Revenue Square Wednesday


It took the Dow just 107 trading days to surge to 22,000 from 21,000. Boeing shares have had the biggest points impact on the price-weighted Dow, contributing 380.29 points since March 1, followed by McDonald's and UnitedHealth Group with 171.14 and 166.35 points, respectively.

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The dollar dropped 0.77 percent against the euro on Wednesday, hitting its lowest level against the common currency in more than 2 1/2 years.

The dollar index, which tracks the U.S. currency's performance against the euro and five other currencies, fell 0.16 percent to 92.89 and hit its lowest level since May 3, 2016.

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Goldman Sachs expects Boeing, Tiffany and some health care companies to benefit from the diving U.S. dollar.

Goldman's basket of 50 S&P 500 stocks with a high percentage of international sales has climbed 18 percent this year, versus 7 percent gains for Goldman's basket of stocks with domestically-generated sales.

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August 2, 2017: Here are four stocks trading with heavy volume among 142 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq advancers led decliners by a about 5 to 2.

closing decliners dropped led NYSE stock Tuesday Volume Wednesday week


Several Wall Street firms told their clients in recent months they were worried Apple could delay the release of the next iPhone.

Apple shares opened up 6 percent Wednesday morning to a new all-time high.

Apple earnings iPhone overweight quarter rating September shares stock Tuesday


KEMET is fundamentally improving its balance sheet and efficiency of operations; the accretive TOKIN acquisition makes a valuation above $20 justifiable.

After KEMET reported preliminary Q1 2018 results, shares experienced wild volatility in the morning despite a very solid report.

KEM Kemet makes manufacturing market morning Products shares stock volatility


Apple, McDonald’s Prop Up the DJIA on Wednesday [0.06]

Posted on Aug. 2, 2017, 8:01 p.m. by 24/7 Wall St. @ [source]

August 2, 2017: Markets opened higher again Tuesday but two of the markets big indexes (the Nasdaq and the S&P 500) quickly turned negative. December gold dropped by $1.00 on the day to settle at $1,278.40.

markets morning news shares specific stock traded Volume Wednesday week


Irene Rosenfeld, CEO of Oreo and Cadbury maker Mondelez, will step down as head of the snack food giant in November.

Rosenfeld is being succeeded by Dirk Van de Put, the president and CEO of McCain Foods, a Canadian company known mainly for its frozen French fries.

CEO de firm food head Kraft Mondelez put Rosenfeld Van


The U.S. economy will be strong enough for the Federal Reserve to trim its bond holdings "this fall," San Francisco Fed President John Williams said on Wednesday, in a sign the central bank was close to unwinding a controversial stimulus tool.

After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession, the Fed pumped over $3 trillion into the economy in a bond-buying spree to further reduce rates.

begin bond economy Fed Holdings meeting policymakers rate trim Williams


But humans have lived in cities for more than 10,000 years, and many aspects of modern life depend on high-density development. As a result, these countries’ populations have had to concentrate in high-density cities.

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A certain other unloved Biotech stock is leading the recovery and providing a useful guide.

At the same time the Biotechnology sector (IBB) saw huge buying as fears of a clamp down on drug prices abated.

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Apple (AAPL) reported Q3 2107 revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. Please note that while Q3 revenue was 7% higher than the comparable period last year, the figure is still lower than the revenue figure was back in Q3'15, when Apple recorded $49.61 Billion in revenue and $1.85 in EPS.

AAPL discount EPS iPhone market past quarter Revenue sales stock


Exact Sciences (EXAS) is one of the companies I follow most on my "Very Short List" of stocks to lead in the next decade. This year, for the third time this decade, I attended Exact's annual shareholder's meeting in Madison, Wisconsin - about 90 minutes from my home.

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We had a reader request for comment on Papa Johns (PZZA) following its just reported quarterly earnings. That said, we try to honor requests for coverage as time allows, and as such we are initiating coverage on Papa Johns.

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The portfolio now has ten positions, and so in future editions we will be searching for weak links to cut loose.

Keep in mind that we are quite nimble in our selections, and readers are encouraged to pay close attention as positions could be added to or sold in any ROTY post based on new developments.

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Morgan Stanley has highlighted the industries that could be safe from Amazon's disruptive domination.

Citing regulatory hurdles and legal obstacles alone, Nowak noted that Amazon would struggle to break into industries like pharmaceuticals, automobile manufacturing, and commercial airlines.

Airlines Amazon disruptive domination highlighted Morgan noted Nowak safe Stanley


This article tries to present a balanced view of PFE and explores why the stock may begin to provide some alpha in the years ahead.

Thus, the commentary in the Carroll article quoted above.

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To acquire more extensive licensing rights to content please review this page.

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