Stock Market Today


 

What’s Making Nordstrom Earnings Look Good [0.11]

Posted on Aug. 10, 2017, 8:32 p.m. by 24/7 Wall St. @ [source]

Nordstrom Inc. (NYSE: JWN) reported second-quarter 2017 results after markets closed Thursday evening. In the same period a year ago, Nordstrom reported EPS of $0.67 on revenues of $3.65 billion.

consensus EPS markets Nordstrom quarter reported results Revenue sale second

 

DST Systems (DST) faces a number of headwinds in both of its core operating businesses. With regard to customer retention, DST is dependent on long-term contracts with customers, which mitigates its volatile revenue streams.

acquisition asset business capital core customers DST firm investment operating

 

August 10, 2017: Here are four stocks trading with heavy volume among 250 equities making new 52-week lows in Thursday’s session. Volume of about 37 million was less than 10% below the daily average of about 35 million.

closing decliners dropped NYSE stock Thursday Times Volume Wednesday week

 

Apple, Goldman Sachs Tank the Dow on Thursday [-0.06]

Posted on Aug. 10, 2017, 8:01 p.m. by 24/7 Wall St. @ [source]

August 10, 2017: Markets opened lower for the third straight day Thursday and, as on Wednesday, never threatened the break-even mark. WTI crude oil for September delivery settled at $48.59 a barrel, down 2% for the day following OPEC’s oil market report for August.

August Inc lower news shares specific stock Thursday traded week Volume

 

Don’t get me wrong, I think the stock market is entering a dangerous window whether or not this is the start of a real correction under pains of TiC & LiC. The fuse on Fred’s bomb has been lit for at least a year now ,but whoever promotes it will in all likelihood forget to mention that part.

bearish bullish expert Fred NFTRH semi stock tech things worked

 

When it comes to rising tensions around North Korea, Goldman Sachs said markets eventually expect talks rather than militaristic conflict.

The S&P 500 has fallen more than 1 percent this week amid a flurry of intense statements by both the U.S. and North Korea.

conflict Korean markets North North Korea nuclear rogue South statements stock

 

But the strength in IT Deal Alert is more than enough to keep optimism going as the weakness in major legacy customers (hopefully) begins to reverse. That plus the strength in Deal Alert is more than enough to stay long here.

Alert business core customers growth Q2 Revenue suggest TechTarget TTGT

 

Continuing our thought process from this morning, let’s take a look at the snap-reactions and sudden price movement in our Quad-Market Grid.

Until we see otherwise, we’re seeing “Risk-Off” defensive behavior in our quad-market grid.

continuing Grid market morning quad reactions SNAP sudden thought trade

 

Benchmark Capital, one of Uber's earliest investors and largest shareholders, is suing Uber co-founder and ex-CEO Travis Kalanick on claims of fraud, breach of fiduciary duty and breach of contract.

What Benchmark wants, the filing suggests, is to boot Kalanick from the board and Uber management for good, while kicking the number of board members back down to 8 total.

benchmark board filing founder interests Kalanick rights shareholder Travis Uber

 

The Nike engagement is crucial to Flex being able to hit targets for fiscal 2020 and will result in higher expenses to ramp up production during fiscal 2018. CTG includes the Nike (NYSE:NKE) partnership which is also a key focus for growth in the coming years and CEC stands for (Communications & Enterprise Compute) includes the traditional server and storage hardware business that have been impacted by migration to the cloud.

business earnings EPS fiscal Flex FY GAAP growth results Revenue

 

Government spending to drive steel demand [0.09]

Posted on Aug. 10, 2017, 7:35 p.m. by Markets @ [source]

After a subdued trend so far this financial year, the country’s steel consumption is likely to rise in the coming months with increase in public sector spending -- especially in roads, power, water and gas pipeline projects.

Anticipating the trend, primary steel producers have raised their product prices by Rs 3,000 a tonne, effective August.

consumption financial July months rise rolled Rs tonne spending Steel Trend

 

Glencore (OTCPK:GLNCY, OTCPK:GLCNF) is an excellent long-term investment at current price. Glencore also benefits from an efficient cost structure.

asset coal commodity credit current demand EBITDA Glencore investment rating

 

Hotels: Occupancy Rate Down Year-over-Year [0.03]

Posted on Aug. 10, 2017, 7:33 p.m. by Calculated Risk @ [source]

The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 30 July through 5 August 2017, according to data from STR.

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

hotel industry key metrics negative over performance reported results year

 

90% of South Korea gold imports by two business groups [0.14]

Posted on Aug. 10, 2017, 7:25 p.m. by Markets @ [source]

Only two entities have together imported close to 10,000 kg of gold from India's free trade partner of South since July, after implementation of the goods and services tax (GST).

Of the total of 11,000 kg imported from July 1 to August 9, around 90 per cent has been brought in by two business groups which have taken advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea, say government sources.

bullion cent duty Gold government import imported India kg trade

 

Apache Corp. (APA) seems to be struggling, as evident from its latest quarterly results. Apache, however, has posted an adjusted loss of $0.21 per share for the second quarter, which is slightly better than a loss of $0.26 per share seen in 2Q16.

Apache boe capital debt flow oil oil gas production quarter reported

 

Gems and jewellery exports rise 4% [0.08]

Posted on Aug. 10, 2017, 7:19 p.m. by Markets @ [source]

In the April-June quarter of the last financial year, the sector's exports aggregated to $8.84 billion, according to the data from the and Jewellery Export Promotion Council (GJEPC).

The labour-intensive sector contributes about 14 per cent to the country's overall exports.The rise in shipments was mainly supported by exports of silver jewellery, and gold medallions and coins.Silver jewellery exports increased to $1.71 billion during April-June 2017-18, from $958.65 million a year ago.Similarly, shipments of gold medallions and coins registered a growth of about 42 per cent to $1.51 billion during the period under review.Gold jewellery shipments recorded a meagre growth of 1.78 per cent during the first three months of the current financial year.Exports of cut and polished diamonds, coloured gem stones and rough diamonds also reported positive growth.

April cent export financial Gold growth jewellery June Shipments silver

 

The affiliate agreement between Sprint and Shentel provides for very favorable terms to the latter in the event of a Sprint/T-Mobile merger.

That prize goes to Shenandoah Telecommunications, a little-known Sprint wireless affiliate that has a long track record of outperforming other large US telcos.

brand MergeCo merger purchase Shentel spectrum Sprint Sprint Mobile valuation wireless

 

Tata Motors shares tank 8.6% on downgrades [0.02]

Posted on Aug. 10, 2017, 7:14 p.m. by Markets @ [source]

The second consecutive quarter of poor results and lower target prices by brokerages led to an eight per cent fall in price to Rs 381.

The reason for the poor June quarter show was forex losses to the tune of £454 million and lower than anticipated volume support from flagship subsidiary — (JLR).

analysts capital cent FY18 JLR lower margin Phillip quarter stock

 

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