An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due to the General Motors strike. ISM manufacturing data is expected to show a contraction in activity in October, for the third month in a row. Manufacturing … Read more
The stage appears to be set for stocks to shine after the Federal Reserve’s third rate cut and its signal to stop from now. And certain groups of stocks stand to benefit the most, if history is any guide. — RECOMMENDED — America’s #1 Stock Picker Reveals His Next 10x Stock – Free Legendary investor … Read more
Ride-hailing giant Uber is making a deeper push into financial services. The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its 4 million-plus drivers … Read more
Jody Chudley, Financial Analyst I know I’ve pushed value stocks hard in 2019…But it is for a very good reason. These stocks represent the best buying opportunity in the market today. In fact, value stocks are more attractively priced today than they have been in the last 20 years. And now, yet ANOTHER big-name money … Read more
McDonald’s is expected to report earnings before the bell Tuesday. The Chicago-based company’s stock, which has a market value of $161.8 billion, is up 18% so far this year. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: $2.21 expected Revenue: $5.5 billion expected Global same-store sales: 5.6% expected McDonald’s is expected to … Read more
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 is around 1% below its all-time high. The index got a lift this week after a big chunk of this week’s reporters posted better-than-expected results. … Read more
Bank of America beat analysts’ estimates for profit and revenue as the firm’s consumer and banking businesses offset a slump in trading. The firm said net income excluding an impairment charge rose 4% to $7.5 billion, or an adjusted 75 cents a share. When including the $2.1 billion charge tied to the end of a … Read more
J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on the strength of consumer banking operations that helped the bank mitigate the impact of lower interest rates. The bank said third-quarter profit rose 8% to $9.1 billion, or $2.68 a share, exceeding the $2.45 estimate of analysts surveyed by Refinitiv. Revenue also rose 8% … Read more
U.S. stock futures pushed higher Wednesday morning after a report suggested that Beijing is willing to discuss a partial trade deal with Washington. Bloomberg reported, citing an official with direct knowledge of the negotiations, that China is willing to talk about a possible agreement as long as no more tariffs are imposed by the President … Read more
Two reports released this week could spell trouble for a third one coming out Friday — the Labor Department’s closely watched nonfarm payrolls count, considered one of the most pivotal measures of economic vitality. The Institute for Supply Manufacturing’s sentiment measures for manufacturing and services came in well below Wall Street expectations and, more importantly, … Read more