Stock Market Today


 

Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine.

Futures for the new "bitcoin cash," an alternative version promoted by a minority of developers, briefly jumped 48 percent to $422, before giving back some gains to trade near $375 as of 10:09 a.m., ET, according to CoinMarketCap.

Bitcoin currency lower miners morning officially slightly trade traded Tuesday

 

Personal income decreased $3.5 billion (less than -0.1 percent) in June according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $4.2 billion (less than -0.1 percent) and personal consumption expenditures (PCE) increased $8.1 billion (0.1 percent).

consumption decreased income increased index June PCE personal The year

 

Boeing Puts the Dow on its Shoulders [0.15]

Posted on Aug. 1, 2017, 1:18 p.m. by Bespoke Investment Goup @ [source]

In sports, it’s common for good teams to have a clutch player they can count on at big moments to take the team to the next level. For the DJIA, Boeing (BA) has been that player.

accounted BA DJIA gain IBM index July player stock team

 

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acquire Agreement Briefing changed com extensive licensing Reader rights Terms

 

Why Sprint Is Getting a Boost After Earnings [0.10]

Posted on Aug. 1, 2017, 1:15 p.m. by 24/7 Wall St. @ [source]

Telecom giant Sprint Corp. (NYSE: S) reported first-quarter fiscal 2017 earnings before markets opened Tuesday.

Sprint posted net income for the first time in three years, a total of $206 million.

earnings fiscal income net posted quarter Revenue Sprint Tuesday years

 

JASPER, Ala. (AP) – The sheriff in Walker County, Alabama says he's not going to make any excuses for the escape of a dozen inmates from his jail. Sheriff James Underwood says an inmate used peanut butter to write the number of an outside door over his ...

Sheriff James Underwood says an inmate used peanut butter to write the number of an outside door over his ...

Ala AP butter door inmate James JASPER peanut sheriff Underwood

 

Money manager Neil Hennessy believes a problematic trend is gripping the markets, and it could drag stocks down by 5 to 10 percent at any time.

Hennessy, whose firm has $6.6 billion in assets under management, is an active money manager.

active BlackRock CNBC fund Hennessy index manager market money Vanguard

 

Donald Trump President Donald Trump talking to the media on Monday after the new White House chief of staff, John Kelly, was privately sworn in during a ceremony in the Oval Office. WASHINGTON — President Donald Trump's threat ...

AP Photo/Evan Vucci.

AP Donald Evan photo President talking threat Trump Vucci WASHINGTON

 

Your first trade for Tuesday, August 1 [0.01]

Posted on Aug. 1, 2017, 1:10 p.m. by Investing @ [source]

The "Fast Money" traders shared their first moves for August.

Trader disclosure: On July 31, 2017, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AMZA, APC, BAC, C, CCJ, CLF, CSCO, DAL, DPZ, DVYE, EEM, EWM, FB, FXI, GM, GOOGL, INTC, LOW, MAT, MCD, MOS, MPEL, RACE, RAI, RH, RL, SBUX, SQ, T, TWTR, UA, UAL, VALE, VIAB, VOD, VRX.

BAC buyer call firm Grasso Kors put SPY Tim VRX

 

Guesstimjates on August 1, 2017 [-0.10]

Posted on Aug. 1, 2017, 1:06 p.m. by Carl Futia @ [source]

Percentage gains calculated based on one contract traded per $10,000 of account equity and are net of $5 per round turn commission.

calculated commission equity gains net traded turn

 

Stocks were indicated to open higher yet again on Tuesday for all-time highs on the Dow and S&P 500.

Some analyst reports cover stocks to buy and some cover stocks to sell or to avoid.

analyst Boeing Inc NYSE raised rating reiterated stock versus week consensus

 

It is important to understand whether the catalysts for growth have been factored in its stock price or will push its price even higher.

Currently the US dollar is weakening and, although still high from a historical perspective, it is important to assess the effects a weak currency has on the US economy and BAC in particular.

BAC catalysts currency dollar earnings income increasing interest rate stock strong

 

Third time is a charm, and for the third time, the FTC is reviewing a potential Walgreens (WBA) and Rite Aid (RAD) tie-up. That gives it more than enough time to file and clear the FTC during the initial 30-day waiting period.

clear day democrat FTC months purchase review Rite Aid transaction Walgreens

 

After acquiring the assets from Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) (the transaction is expected to be finalized by the end of August), Trevali (OTCQX:TREVF) announced the acquisition of another asset. Now it owns the Caribou, Halfmile, Stratmat and Restigouche mines and after the transaction with Glencore is completed, it will own also the Heath Steele mine.

Caribou Gold historical resource metals mine mining ore resource estimate Restigouche Trevali

 

Home prices rose 6.7% in June compared with the same month a year ago, according to CoreLogic.

Month over month, June prices rose 1.1%, including distressed home sales.

affordability CoreLogic distressed home housing including June rise rose sales

 

With disappointments at Teavana behind the company and higher growth prospects ahead, now is an excellent entry point.

Teavana has been an underperformer for Starbucks ever since they acquired the company in 2012.

China continue growth higher mall market Starbuck stock store Teavana

 

What will drive Chinese sales over the next 8 years, and whether it can maintain margins and earnings going forward. My concern there is the company having to rely upon Chinese incentives in order to drive the bottom line in China.

China Chinese earnings Ford incentives lower market quarter sales SUV

 

Even as are going ahead with the proceedings initiated against 12 companies under the new and Bankruptcy Code (IBC), the latter are raising concerns on the procedures for appointment of Interim Resolution Professionals (IRPs). The IRP, within seven days of taking charge, will appoint a registered valuer to determine the liquidation value of the debtor.

board code Committee companies concerns IBC IRP proceedings resolution Securities

 

Ingredion Earns $1.89 per Share [0.19]

Posted on Aug. 1, 2017, 12:38 p.m. by Crossing Wall Street @ [source]

Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to diversified industries, today reported results for the second quarter 2017. The results reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2017 and 2016 include items which are excluded from the non-GAAP financial measures which we present*.

business continue GAAP Gordon incorporated INGR Ingredion reported results specialty