Stock Market Today


 

 

Amazon may be dangerous, but could Nike be the potential "nail in the coffin"? The first, and probably most notable, threats come from not only Amazon (AMZN) but also the company's high concentration in malls.

Amazon capital firm Foot Locker growth lease Nike operating ratio ROIC

 

BP Earnings Buoyed by Higher Prices, Production [0.01]

Posted on Aug. 1, 2017, 11:25 a.m. by 24/7 Wall St. @ [source]

BP PLC (NYSE: BP) reported second-quarter 2017 results before markets opened Tuesday.

BP’s adjusted replacement cost profit (essentially the company’s adjusted net income/loss) in the second quarter totaled $553 million, compared with a loss of $2.25 billion in the year-ago quarter.

ADS barrel BP earnings oil production quarter totaled Tuesday year ago

 

The company is well-positioned in several markets that have above average growth prospects including auto, datacenter, pharma, IoT, fiber to the home (FTTH) and telecom network “densification”. The company generated almost $0.5 billion cash from operations and finished the quarter with $4.2 billion of cash, approximately 25% of which is in the U.S.A. and just $3.94 billion of debt.

capital Corning dividend Glass GLW growth investment NYSE stock year

 

The Nifty50 continued its upward move and made a new record lifetime high of 10,128 by surpassing its previous high of 10,114. It has been respecting the support from the rising trend line by connecting the recent swing lows of 9,543, 9,646, 9,838 and 9,944.Now, the index has to continue to hold above 10,050 to witness a fresh upward move towards 10,200 and 10,250 levels, while supports shift higher to 10,020 and 9,950 levels.On the options front, maximum Put open interest stood at strike price 10,000 followed by 9,800, while maximum Call OI was at 10,500 followed by 10,400.However, the concentration of Call OI is scattered at different strike prices, but it shifts to Call options at higher strike prices, which created scope for further upsides.

call fresh higher index levels lower market put strike supports

 

Morning News: August 1, 2017 [0.18]

Posted on Aug. 1, 2017, 11:03 a.m. by Crossing Wall Street @ [source]

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How one trader plans to triple his money in Apple [0.09]

Posted on Aug. 1, 2017, 11 a.m. by Investing @ [source]

Apple has fallen 5 percent from its recent high, and one trader expects more volatility from the stock when it reports earnings Tuesday afternoon. But given last week's sell-off in tech and the sector's failure to regain those losses on Monday, Todd Gordon of TradingAnalysis.com said Apple, which has recently "settled in around a $150 range," will likely stay within that consolidation even after reporting earnings.

Apple August earnings Gordon middle option put stock strike trade

 

The domestic equity market seems to be an unstoppable force, as Nifty50, Sensex and Nifty Bank indices claimed fresh record highs on Tuesday for a second consecutive session.BSE Sensex ended the day at 32,575.17, up 60 points or 0.19 per cent while Nifty closed at 10,114.65, up 38 points or 0.37 per cent. Nifty Bank gained 0.08 percent to end at 25,122.80 with shares of HDFC Bank (up 1.21 per cent), Yes Bank (up 1.08 per cent) and IndusInd Bank (up 1.05 per cent) among top gainers.Market however remained rangebound throughout the day ahead of RBI policy meet, which is expected to cut rates by at least 25 basis points on Wednesday.“It was a volatile day on the bourses as benchmark indices witnessed sharp swings around the flat line, during the day.

bank BSE cent ended HDFC index indices Nifty Sensex shares

 

 

Shares of Clovis Oncology (CLVS) took a huge hit on Monday falling by more than 13.5%.

Despite shares of Clovis Oncology taking a huge hit on the partnership news, I feel that the stock is a buy.

Clovis combination first line market ovarian cancer patients stock therapy treatment trial

 

No wonder there is a national problem with opioid use. Many of these people misused the medication, according to the National Institute on Drug Abuse.

Abuse Americans drug medication misused National opioid prescription study worse

 

$50 Oil for the Rest of the Decade [0.05]

Posted on Aug. 1, 2017, 10:30 a.m. by 24/7 Wall St. @ [source]

BP plc (NYSE: BP), one of the world’s largest oil companies, announced strong second-quarter earnings. In his presentation about BP’s near-term prospects, Group CEO Bob Dudley said he believes that oil prices will run about $50 a barrel for the remainder of the decade.

barrel BP companies crude Dudley economy nations oil producing quarter

 

At higher end of price band, the issue is available at P/E of 65.3x post issue (61.4x pre issue) for FY17. Hence, we recommend SUBSCRIBE rating on the issue," Lodhiya said.

cent crore FY17 issue Quess Rs said SIS Times valuation

 

DCM Shriram today posted 39.65 per cent increase in consolidated net profit at Rs 233.47 crore for quarter ended June 30.Net profit stood at Rs 167.18 crore in the same quarter last year, the company said in a BSE filing.Net income rose 35.41 per cent to Rs 2,065.03 crore during June quarter of 2017-18 fiscal from Rs 1,524.96 crore in the same period last year.Revenue from sugar business rose to Rs 659.79 crore from Rs 551.99 crore, while that of from chloro-vinyl improved to Rs 501.39 crore from Rs 371.99 crore in the said period.The income from bioseeds segment increased to Rs 306.48 crore from Rs 280.84 crore in the year-ago period.However, revenue from farm solutions and fertiliser businesses remained flat in the said period.Company's Chairman and Senior MD Ajay Shriram and Vice Chairman and MD Vikram Shriram expressed "satisfaction" about the first quarter results, which was led by high volumes and profit growth in chemicals and sugar businesses. The shares had peaked Rs 404.80 in the early trade.DCM Shriram is engaged in sugar, fertiliser, seeds, chloro-vinyl and cement businesses, among others.

cent DCM net period profit quarter Rs Rs crore Shriram Sugar

 

Foul-mouthed spin doctor Anthony Scaramucci is axed as White House communications director, just 10 days after being named to the post and hours after Donald Trump installed a new chief of staff.

Anthony axed Communications doctor foul House mouthed Scaramucci spin White

 

The Cobb County School District announced it will extend classes the day of the eclipse. This applies to Cobb elementary, middle and high schools.

announced Aug classes Cobb County District eclipse extend minutes school

 

So what happens between now and then?

Administration officials said that Mr. Trump would travel the country holding campaign-style rallies to promote a tax overhaul.

administration biggest country House Mr Snapdeal stock tax thinks Trump

 

LOS ANGELES – A California man charged with killing his 5-year-old son after a family trip to Disneyland is scheduled to appear in court on Tuesday. Aramazd Andressian Sr., 35, is due to appear for a preliminary hearing at the Los Angeles Superior ...

Angeles California charged killing Los man old son trip year

 

Softening US inflation and incessant political turmoil has hit prospects of another Federal Reserve rate hike in coming months and sent the dollar down 10 percent from its January peaks.

Softening US inflation and incessant political turmoil has hit prospects of another Federal Reserve rate hike in coming months and sent the dollar down 10 percent from its January peaks.

bank gain July Record Rs Rs crore sales stock trade trading