MorganStanl

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Stock Market News – Netflix in the spotlight ahead of quarterly earnings; other big names in line

Posted on July 16, 2018 at 2:56 pm GMT

Netflix’s Q2 2018 earnings report will be hitting the markets after Monday’s US market close. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group.    The provider of subscription-based streaming services is forecast to have made $0.79 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Earnings estimates have fallen from [..]

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Stock Market News – JPMorgan and Citigroup among first to release Q2 results, may give an indication of what is to follow

Posted on July 12, 2018 at 3:46 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.21, with a downward revision [..]

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European Open Preview – Safe havens retreat as geopolitical tensions ease; UK CPI and BoC rate decision coming up

Posted on April 18, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared for a second day in a row, as a strong earnings season and diminishing risks on the Korean Peninsula boosted risk appetite. The Nasdaq Composite [..]

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Stock Market News – Morgan Stanley next in line to release quarterly results

Posted on April 17, 2018 at 2:23 pm GMT

Investment banking giant Morgan Stanley will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Investment Banking & Brokerage Services peer group.  The New York-based firm is forecast to have made $1.25 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional [..]

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Stock Market News – Netflix reports quarterly results after closing bell with earnings season in full swing

Posted on April 16, 2018 at 2:40 pm GMT

Entertainment company Netflix will release its earnings report for the first quarter of 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group.    The provider of media streaming services is anticipated to have made $0.64 in earnings per share (EPS) during Q1 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – an estimate [..]

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European Open Preview – Loonie undecided after rate hike while dollar rebounds

Posted on January 18, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to recover on Thursday, trading nearly 0.4% higher and extending the gains it posted on Wednesday on the back of rising US treasury yields. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices fell by 0.4% and 0.7% respectively, while Hong Kong’s Hang Seng index was up 0.4%. In Europe, futures tracking the Euro Stoxx 50 are in positive territory, suggesting the index could open higher. Over [..]

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Stock Market News – Banking giants Citigroup and Bank of America to release quarterly earnings

Posted on January 15, 2018 at 4:05 pm GMT

S&P 500 constituents Citigroup and Bank of America, the fourth- and second-largest US banks by assets, are scheduled to report their Q4 2017 results before the market open on Tuesday and Wednesday respectively. The consensus recommendation for both banks is “buy” at the moment, in line with the average consensus recommendation for the Banks peer group. Citi’s earnings per share during Q4 are anticipated to stand at $1.19. This compares to $1.26 from five weeks ago, though still $1.19 – [..]

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Stock Market News – Financials could be in for a hard landing should deregulation stall

Posted on December 18, 2017 at 3:38 pm GMT

The likely passage of tax reform legislation before the end of the year, as well as prospects for deregulation in the banking sector, have been pushing shares within the financial sector higher. However, after Republicans lost a Senate seat in Alabama last week, one should wonder whether the market is getting ahead of itself in terms of bullish bets on financials, given that the outlook for deregulation is now under threat as Republicans – who are the ones expected to [..]

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Stock Market Update – Europe broadly up; Asian equities decline; US tax reform at center of attention

Posted on November 27, 2017 at 11:30 am GMT

Asian equities were broadly on the decline today. The Japanese Nikkei 225 and Topix indices both finished the day lower by 0.2% after erasing earlier gains. Hong Kong’s Hang Seng Index declined by 0.6% and the Shanghai Composite fell by 0.9%. Australia’s S&P/ASX 200 added 0.1%. The Thanksgiving holiday in the US during the previous week meant little developments on the tax reform front. This week though, deliberations to pass the relevant legislation are once again on the forefront and [..]

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Stock Market News (European Open) – European blue-chips mostly edging higher; tax reform dominates attention in US

Posted on November 14, 2017 at 9:57 am GMT

Major benchmarks in Asia finished the day in the red today. The Nikkei 225 finished flat after gaining as much as 0.7% and losing as much as 0.3% during the day. Japan’s broader gauge of equity performance, the Topix, lost 0.3%. Hong Kong’s Hang Seng closed 0.1% down, while the Shanghai Composite fell by 0.5%. Australia’s S&P/ASX 200 declined by 0.9%. Chinese data on fixed asset investment, industrial production and retail sales all came in below analysts’ expectations, perhaps hampering [..]

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