Stock Market Today


 

As we expected, Axon (AAXN) reported better than expected Q2 results. Clearly, demand remains robust for both Axon body cameras and the Evidence.com cloud solution.

AAXN Axon gross growth margin operating Revenue segment weapon year

 

Snapchat's parent reports earnings Thursday afternoon, and for all the investor hype and media attention surrounding it, it's important to note one thing: Snap is one of the most extremely over-analyzed stocks relative to its overall value.

Twenty-one analysts are focusing on the company, according to Yahoo Finance, and its market cap before reporting earnings is around $16 billion.

analyst cap companies earnings major market media Parent reports SNAP

 

Hyperloop, the high speed transportation system envisioned by Elon Musk, could come to an Asian country in the next few years, according to the chief executive of a company working to bring Musk's vision to life.

Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), sees a working hyperloop in the next three to four years.

Ahlborn HTT Hyperloop Musk pod speed system transportation working years

 

Kohl’s Crumbles Despite Solid Bottom Line [0.03]

Posted on Aug. 10, 2017, 2:50 p.m. by 24/7 Wall St. @ [source]

Kohl’s Corp. (NYSE: KSS) reported its most recent financial results before the markets opened on Thursday.

This retailer ended the quarter with 1,154 Kohl’s stores in 49 states, compared with 1,150 Kohl’s stores at the same time last year.

comparable consensus dividend EPS fiscal Kohl quarter Revenue sales September

 

Country’s largest lender State Bank of India (SBI) is likely to report double-digit growth in standalone bottom line figures for the quarter ended June 30, 2017 on Friday.Edelweiss Securities sees 11.60 per cent year-on-year increase in net profit in Q1FY18.According to Reliance Securities, SBI may report 8.5 per cent year-on-year (YoY) rise in net profit at Rs 2,734.10 crore in Q1FY18 over Rs 2,521 crore in the corresponding quarter last year.“We except fresh slippages to moderate further along with higher upgrades and recovery. Outlook and update on non-core stake sales and merger with associate banks should also be zeroed on.“Standalone net interest income (NII) of the lender is likely to see a rise of 24.50 YoY to Rs 17815.30 for the quarter under review against Rs 14312.30 crore in the same quarter last year,” Reliance Securities said.Edelweiss sees 23.30 per cent YoY increase in pre-provision operating profit.According to market experts, loan growth is likely to be softer, but net interest income (NII) to be supported by lower funding cost.

cent growth net On profit quarter Rs SBI Securities year

 

The (SAT) on Thursday granted interim relief to and by lifting trading restrictions imposed by the capital regulator, Securities and Exchange Board of India (Sebi). SAT will resume hearing in the matter on September 4.

companies credentials Exchange hearing impugned regulator sat Sebi trading Tribunal

 

A standoff continues at a 9,000-square-foot mansion in the Pacific Palisades. Kara Finnstrom reports.

continues Finnstrom foot Kara mansion Pacific Palisades reports Square standoff

 

Anthony Scaramucci keeps complaining about the interview that cost him his job as White House communications director. And in doing so, he keeps betraying how amateur it was that the White House ever hired him.

Anthony betraying Communications complaining director House interview job Scaramucci White

 

Barclays on Thursday initiated coverage of Delta Air Lines at overweight, calling it a leader in the sector and highlighting its strong relationships with staff and customers.

Though Delta's stock is up only 1 percent this year, Barclays research is looking for big things in both domestic and foreign markets, which now represent about 30 percent of revenue.

airline Barclays Delta overweight passenger Recently seat stock toddlers United

 

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acquire Agreement Briefing changed com extensive licensing Reader rights Terms

 

Recently-ousted communications director Anthony Scaramucci tweeted that New Yorker reporter Ryan Lizza — who published a revealing interview with the Mooch that preceded his firing — “is the Linda Tripp of 2017.” .

Anthony Communications director ousted Recently reporter Ryan Scaramucci tweeted Yorker

 

Planet Fitness (NYSE:PLNT) has reported earnings and they have caught our attention because it lends evidence to our thesis of substantial five-year growth that lies ahead for the company. Well first, a total of 37 new Planet Fitness franchise stores were opened in the quarter bringing the total to 1,403.

business growth margin membership net income Planet Fitness quarter Revenue stock year

 

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, and projects.

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

consumption government July months rolled Rs tonne sequential Steel study Trend

 

Micron: Fear [0.12]

Posted on Aug. 10, 2017, 2:26 p.m. by Long Investing Ideas from Seeking Alpha @ [source]

Great earnings, great guidance, great market - yeah, you've already heard me go over this. But maybe...

This is why every piece of good news (like earnings) has some kind of trepidation surrounding it.

cycle demand earning fear guidance industry market Memory Micron quarter

 

US Postal System Continues to March Backward [-0.02]

Posted on Aug. 10, 2017, 2:25 p.m. by 24/7 Wall St. @ [source]

The death of the U.S. Postal Service (USPS) has been written about for years, and at least partially exaggerated.

approximately Mail net package pieces Postal quarter USPS Volume year

 

Bitcoin will likely outperform stocks and bonds the rest of this year, according to the first major Wall Street strategist to issue a report on the digital currency.

Gold or bitcoin?

Bitcoin currency Lee report stock strategist Street trading Wall Wednesday

 

J.C. Penney Company, Inc. (JCP) reports earnings on Aug. 11, just one day after investors punished a weak quarter at rival Dillard's, Inc. (DDS) with a double-digit percentage stock price decline.

breakdown earnings EMA higher long term Penney report resistance stock weak

 

Dudley reinforces Fed expectation of US inflation rebound [0.08]

Posted on Aug. 10, 2017, 2:16 p.m. by Finance @ [source]

The Federal Reserve expects sluggish U.S. inflation to rise over the next several months while the hot labor market gets yet hotter, one of the Fed's most influential officials said on Thursday in comments that reinforce its gradual policy-tightening plan.

Dudley, a close ally of Fed Chair Janet Yellen and permanent voter on U.S. monetary policy, said "sluggish" productivity growth is behind persistently "modest" wage growth.

address Dudley Fed growth inequality months policy rate sluggish Yellen

 

Sugar mills on debt reduction spree [0.07]

Posted on Aug. 10, 2017, 2:15 p.m. by Markets @ [source]

The improved cash flow due to a sharp increase in prices has helped to reduce their and improve profitability in the financial year 2016-17. Under the emerging scenario, the margins and cash flow generations for most with efficient operations, forward integration and adequate cane availability are likely to remain satisfactory," said Sabyasachi Majumdar, senior vice president & group head, Ratings.

cane financial FY17 kg margins net Rs Rs crore SRSL worth

 

Are Short Sellers Making the Right Bet on Apple? [0.13]

Posted on Aug. 10, 2017, 2:10 p.m. by 24/7 Wall St. @ [source]

Apple Inc. (NASDAQ: AAPL) watched its short interest rise from a year-to-date low in the period ended on July 31. Meanwhile, Apple’s stock has risen 7% in the past month, hitting a new all-time high.

Alphabet Amazon Apple Inc interest market NASDAQ shares stock year