June 17, 2016 Financial News – Business News – Stock Exchange – Market News

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June 17, 2016 Financial News – Business News – Stock Exchange – NYSE – Market News

CLICK HERE➡ ➡ http://FinancialBuzz.com

Business News – Financial News – Stock News — New York Stock Exchange — Market News 2016

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2016

On Monday, markets dropped over nervousness due to the upcoming Fed meeting as well as the U.K. vote to leave the European Union. The Dow Industrials ended the day down 132 points.

On Tuesday, retail sales for May were up .5% compared to the prior month’s 1.3% gain. This was better than expected. Import prices for May were up 1.4% and export prices were up 1.1%. The financial sector was down almost 1.5% over fears of decreasing credit quality, however, markets overall didn’t do much.

On Wednesday, as expected, the Federal Reserve held rates steady, noting the recent decrease in job gains. Also, the tone for future rate hikes became more dovish, with the Fed projecting smaller increases in 2017 and 2018. The Fed also cut the full year’s GDP estimate from 2.2% to 2.0%. In addition the producer price index for May was released and it was up .4% in addition to the prior month’s .2% gain. Industrial production for May showed a decrease of .4%, compared to the prior month’s .7% gain. Finally, the EIA petroleum status report for the week ending June 10th showed a decline of 900,000 barrels. Markets ended the day down slightly, with the Dow Industrials off 34 points.

On Thursday, the consumer price index for May was up .2%, compared to the prior months .4%., and jobless claims for the week ending June 11th rose 13,000 to 277,000. U.S. crude oil futures settled down almost 4% to .21 a barrel and the energy sector declined. On Friday housing starts for May dipped slightly by .3% to an annualized 1.164 million units, however building permits rose .7% to an annualized 1.138 million units.

On Friday, markets opened lower as investors remained skittish over the upcoming vote in the U.K. to leave the European Union. Now let’s take a look at some stocks.

LinkedIn (NYSE: LNKD), the professional social network, was acquired by Microsoft for .2 billion. Microsoft’s CEO, Satya Nadella, hopes the deal will open new horizons for Microsoft’s (NASDAQ: MSFT) Office suite as well as LinkedIn, as both are considered to be saturated in their markets. LinkedIn stock jumped 47% after the deal was announced.

Walt Disney Company (NYSE: DIS) opened the gates to its first resort in mainland China on Thursday, after years of planning and a .5 billion investment. Disney estimates that daily visits could exceed 60,000. The company owns 43% of Shanghai Disney Resort, with the majority controlled by the local government’s Shanghai Shendi Group.

Shares of Nu Skin Enterprises, Inc. (NYSE: NUS) jumped 10% on heavy volume after the developer and distributer of personal care products announced it entered into an agreement with Ping An ZQ China Growth Opportunity Limited. Ping An will make a 0 million strategic investment by purchasing Nu Skin’s 4.75%, four-year convertible senior notes.

Shares of The Kroger Company (NYSE: KR) spiked after reporting better than expected quarterly earnings. Net income for Kroger increased by about 10 percent to 0 million, or

August 12, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News

August 12, 2016 Financial News – Business News – Stock Exchange – NYSE – Market News
CLICK HERE➡ ➡ http://FinancialBuzz.com

Business News – Financial News – Stock News — New York Stock Exchange — Market News 2016

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2016

On Monday, U.S. crude futures rose 2.9% to .02 a barrel, and the 10 year Treasury closed at 1.59%.

On Tuesday, nonfarm productivity for the 2nd quarter fell .5% on top of the prior quarter’s .6% drop. Unit labor costs rose 2%, compared to the prior quarter’s .2% decline. Almost 90% of S&P 500 companies have reported earnings, and about 77% exceeded profit expectations and 56% beat sales projections. Lower earnings overall have caused the S&P 500’s price to earnings ratio to climb above 20 for the first time since 2009. Markets closed slightly higher, and the NASDAQ composite reached a new high.

On Wednesday, the JOLTS jobs report for June showed openings rose 2% to an annualized 5.62 million, and the EIA petroleum status report for the week ending August 5th saw crude oil inventories increase by 1.1 million barrels. U.S. crude fell almost 2.5% on the news, to .71 a barrel.

On Thursday, jobless claims for the week ending August 6th fell 1,000 to 266,000. Import prices for July rose .1% compared to the prior month’s .6% increase, and export prices rose .2% compared to the prior month’s .8% gain. In addition some major retailers, including Macy’s had better than forecast profits, and oil surged on Saudi comments about stabilizing prices. In response, for the first time since December 1999, the Dow Industrials, the S&P 500 and the NASDAQ composite all closed at record highs.

On Friday the producer price index for July was down .4% compared to the previous month’s .5% rise. Retail sales for July remained unchanged, compared to the prior month’s .8% increase. Markets opened slightly lower on the news. Now let’s take a look at some stocks.

Cloud communications platform company, Twilio announced its first financial results as a public company on Monday. The company reported revenue of .5 million, beating expectations, and increasing 70% year-over-year. Share prices increased during after-hours trading.

Walt Disney met analysts’ expectations for quarterly profit and revenue on Tuesday, powered by strength in its latest movie hits including “The Jungle Book” and “Captain America: Civil War.” The company posted earnings of .62 per share on .3 billion in revenue.

Luxury clothing brand, Ralph Lauren announced its financial results for the first quarter of fiscal 2017. Even though the company reported a loss, its stock traded higher during premarket. The loss was partly due to expenses generated by the company’s restructuring plan announced in June by President and CEO Stefan Larsson.

Shares of Yelp Inc. set a 52-week-high after the San Francisco based company released stronger-than-expected second-quarter earnings and increased revenue projections for fiscal 2016. Second quarter revenue increased 30% to 3 million.

Luxury Fashion Company Coach reported positive earnings thanks to its cost-cutting strategy of tightening supply to department stores. Coach’s subsidiary brand Stuart Weitzman, acquired last year, brought million to the total sales this quarter. The company’s sales were also helped by mainland China and Europe, with total international sales climbing 15% from a year earlier.

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.70 per share, in the first quarter of the year. Kroger operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States.

© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.