Tue, Oct 21, 2014, 1:32 AM EDT - U.S. Markets open in 7 hrs 58 mins

Recent

% | $
Quotes you view appear here for quick access.

Financial News from Barrons.com

  • Apple (AAPL) not only reported third-quarter earnings that easily topped street estimates, but also hinted at strong sales to come. Apple's CEO Tim Cook said the company was "not nearly in balance" ...

  • Oil's Slump Won't Last; Which Stocks to Buy Now @ Barrons.com - 2 hours 24 minutes ago

    Crude oil prices have skidded for four straight weeks, and closed lower over eight of the past 10 weeks, taking many oil and energy stocks down with it. In fact, last week’s 4.9% drubbing in Brent crude oil prices was the worst week in more than 18 months, and Brent crude oil is down more than 22% so far this year, a very …

  • Samsung Heavy: The Only Way They Can Go Is Up? @ Barrons.com - 2 hours 29 minutes ago

    Shipbuilder Samsung Heavy Industries (010140.KS) has fallen 34.8% this year. Samsung Heavy has said that its 2014 orders may come in at only $11 billion, well below its $15 billion target. This morning, Daiwa Capital Markets's Sung Yop Chung upgraded this stock from Sell to Hold, saying "most of the negatives from weaker …

  • Apple (AAPL) wasn't the only prominent report this afternoon after the closing bell. There were also reports from chipmakers Texas Instruments (TXN) and Rambus (RMBS), and from semiconductor design software ...

  • As shares of International Business Machines (IBM) decline by $13.07, or 7.2%, at $168.98, after the company missed Q3 expectations, stripped its 2015 profit outlook, and said it would divest its chip-making unit, the Street has already been weighing in on what it all means.  CNBC's David Faber interviewed IBM CEO Ginni …

  • Time to Buy Baidu @ Barrons.com - 3 hours ago

    Buy Baidu ahead of earnings. Baidu’s shares advanced, as did many China stocks, even as the broad market sunk lower. On Wednesday, for example, when the Dow Jones Industrial Average fell as much as 460 points intraday, China stocks held up extraordinarily well. Baidu rose almost $7 on heavy volume.

  • Don't Exhale Just Yet @ Barrons.com - 3 hours ago

    While the stock selling seems to have let up for now, investors in Asia should be looking for insurance against further turbulence. Federal Reserve Bank of St. Louis President James Bullard that if inflation keeps drooping, the Fed may want to put off plans to turn off quantitative easing.

  • China Mobile Q3: The Bull And The Bear Case @ Barrons.com - 3 hours ago

    China Mobile's (0941.HK/CHL) third-quarter earnings did not seem to have changed the analysts' minds. Bulls remain bulls and bears are still bears. In the third-quarter, China Mobile reported the fifth ...

  • Tencent Holdings was left out in the cold as Alibaba monopolized the headlines with its scorching hot initial public offering last month. The average price target among brokers that cover Tencent (700.HK) is roughly HKD152 a share, which translates into potential gains of around 30 per cent from current levels around HKD114 …

  • Is It Really Time to Load up on Stocks? @ Barrons.com - 7 hours ago

    In the wake of the stock market’s swoon in recent weeks after months of steady increases, many investors see the pullback as a buying opportunity. A Bloomberg article Monday is built on interviews with a number of respected value hounds who are holding a lot of cash and don’t intend to buy stocks unless they get cheaper. …

  • Planned transactions by Salesforce.com insiders set a forceful selling streak in October that totaled nearly $20 million. Five people sold 341,366 shares of the cloud-computing giant for $19,034,041, an ...

  • The S&P 500 gained 0.9% to 1,904.04 today. Bloomberg cites better earnings, though earnings weren't particularly bad last week, prompting Gluskin Sheff's David Rosenberg to quip: "How bad can things possibly be when a bellwether like General Electric (GE), which has its tentacles spread to every facet of the economy, …

  • The big drop in oil prices is about the surplus in oil, despite the conspiracy theories. So says Nomura senior political analyst Alastair Newton, going along with oil expert Daniel Yergin.

  • Apple (AAPL) CEO Tim Cook tonight kicked off the company's fiscal Q4 conference call with analysts following a report that topped Street expectations, and a higher forecast for this quarter as well. Cook led with remarks about iPhone, saying the company's supply chain had ramped up production. He called demand "staggering," …

  • As a reluctant old-timer, I still call big banks such as Goldman Sachs brokers and still chart the NYSE Arca Securities Broker/Dealer Index, known by its options root XBD. Earlier this month, as the broad market sold off sharply, the XBD fared worse, presumably as the next bear market would hurt investment banking and …

  • Last week, Gilead Sciences (GILD) finally got the go-ahead on Hepatitis-C treatment Harvoni, which combines Solvaldi with Ledipsavir, and is supposed to cure from 94% to 99% of patients. RBC Capital Markets' Michael Yee and team assess the headwinds to Harvoni's uptake and find them wanting: We've looked at new Harvoni …

  • Collectors: Limited-Edition Books @ Barrons.com - 9 hours ago

    At Riggio's upper-East side apartment on Park Avenue, he stoked interest in his ever growing collection of works produced by the limited-edition bookmaker Arion Press. Particularly telling was Riggio’s four Arion Press books – including Sampler by Emily Dickinson and Porgy & Bess by Du Bose Heyward and Ira Gershwin – prominently …

  • Apple (AAPL) this afternoon reported fiscal Q4 revenue and earnings that topped analysts' expectations. Gross margin was  38%, it said. Apple sold 39.3 million iPhones, it said, topping consensus estimates. Apple sold 5.52 million of its Mac computers, and 2.64 million iPods.

  • Piper Jaffray Apple (AAPL) analyst Gene Munster this afternoon relates his experience testing the company's new electronic payments service, Apple Pay, which went live today, writing that it passed the first hurdle, working smoothly. "The service lived up to expectations as we were able to complete transactions without …

  • [$$] How Cable Will Confront Cord Shaving @ Barrons.com - 10 hours ago

    Maxim Group We enter the third-quarter earnings season amidst significant concerns on advertising weakness and cord shaving as well as the growing rift between content and distributors as evidenced by HBO and CBS’s announcements to offer services over-the-top. The third quarter presents a difficult comp for AMC Networks …

  • Goldman Sachs is telling clients Amazon could rise 30% over the next year. Internet analyst Heath Terry is telling clients that Amazon’s fundamentals—always a concern because the stock trades at such a high multiple to earnings—should improve over the next several quarters. Goldman derivatives strategists Katherine Fogertey …

  • Why Deutsche Bank Upgraded AIG @ Barrons.com - 11 hours ago

    Deustche Bank's Joshua Shanker and Phil Stefano upgraded shares of American International Group (AIG) today and it had little to do with improving business, stronger margins or any change in fundamentals, really. Nope, their American International Group upgrade is based on one factor and one factor only: Valuation. They …

  • The bear case on steel stocks like US Steel (X) and AK Steel (AKS) has been that lower iron-ore prices would ultimately lead to lower steel prices. That hasn't happened yet, but JPMorgan's Michael Gambardella ...

  • In the last televised debate before Sunday's runoff presidential election in Brazil, the candidates focused on issues rather than character attacks. Dilma Rousseff and more conservative opponent Aecio Neves converge on social programs and diverge on economic issues, Mario Marconini of Teneo Intelligence observes. Rousseff …

  • Hedge fund titan David Einhorn is investing in renewable energy while betting on declines in French government bonds. Citing “two people with knowledge of the matter” who asked not to be identified, writers Simone Foxman, Joshua Fineman and Saijel Kishan,Einhorn, who runs the $10 billion Greenlight Capital recommended …

  • Russia: Buy, Or Not Buy? Oil Is A Question @ Barrons.com - 12 hours ago

    Equity analysts have been suggesting trades in Russian equities, even with the bleak outlook that included Moody's Russian debt downgrade after the close Friday. As we noted on Friday, J.P. Morgan offered ...

  • Apple (AAPL) shares are up $1.67, or 1.7%, at $99.34, ahead of the company’s fiscal Q4 earnings report this afternoon, after the closing bell. "We believe Apple will at least meet our 37.0 million iPhone unit projection; Writes White, "We believe fears around Apple's position in the smartphone market are melting away …

  • Oil's Plunge Came at a Bad Time for Seadrill @ Barrons.com - 12 hours ago

    Citigroup's Mukhtar Garadaghi and Nikhil Gupta explain why the fall in oil prices is bad news for Seadrill (SDRL): The rapid fall in oil price has coincided with budgeting season for the industry and is likely to have lasting implications, with more pronounced effects for the services sector. This places the sector on …

  • [$$] Micron Lifted by Pricing Strength @ Barrons.com - 12 hours ago

    Micron Technology (MU: NYSE) By Pacific Crest Securities ($28.77, Oct. 19, 2014) We are upgrading Micron Technology to Outperform from Sector Perform as our recent checks suggest DRAM pricing remains strong. ...

  • [$$] Weakness in Europe, Rebound in Japan @ Barrons.com - 13 hours ago

    Market sectors with significant foreign sales exposure and high earnings growth estimates—such as energy, materials, industrials and information technology—are likely to be most affected by weakness overseas. A leading indicator—the Eurozone Purchasing Managers Index of Manufacturers—suggests European companies are more …

  • [$$] Now's the Time to Live Large in Lodging @ Barrons.com - 13 hours ago

    We see the lodging cycle as unbroken with low supply growth and healthy corporate travel demand. On the margin, lower gasoline prices and lapping the Polar Vortex should benefit comps. Within large-cap lodging, we rank Marriott International (MAR) at #1 (return of capital and predictable execution), Hilton Worldwide Holdings …

  • SAP declared it is the "Fastest Growing Enterprise Cloud Company at Scale," noting that its revenue from clod computing software subscriptions and support fees rose by 41% to €278 million. FBR & Co.’s Daniel Ives, who has a Market Perform rating on SAP, notes the lower profit view is typical of the shift to subscription …

  • Tesla Motors: Beware the Fourth Quarter @ Barrons.com - 13 hours ago

    Barclays' Brian Johnson and team think Tesla Motors' (TSLA) will meets its third-quarter delivery guidance but expects a fourth-quarter miss. They explain why: While confident that Tesla will meet 3Q Model S guidance of 7,800 deliveries, we see increased likelihood that implied 4Q guidance of ~13k deliveries (and thus …

  • Delta Air Lines' (DAL) stellar earnings report should be good news for other U.S. Cowen's Helane Becker and Conor Cunningham explain why: Delta reported strong 3Q14 earnings results. We believe investors should focus on Southwest and United as we are above street expectations and believe there is potential for an upside …

  • MannKind: Goldman Sachs Sees 'Limited Upside' @ Barrons.com - 14 hours ago

    It's been a volatile year for shares of MannKind (MNKD), which rallied big on approval of its inhaled insulin but have since given back much of those gains. Goldman Sachs analyst Jay Olson and team think ...

  • Gold Goes Up As U.S. Dollar Falls Down @ Barrons.com - 14 hours ago

    Gold futures rose as the U.S. Last week’s stock market turmoil was a boon for gold prices. Gold and stocks tend to move in opposite directions as the precious metal is seen as a store of value and a hedge against economic turbulence, while equities tend to benefit from U.S.

  • Wal-Mart De Mexico Off 2%, JPM Downgrades @ Barrons.com - 14 hours ago

    Wal-Mart de Mexico shares are slipping this morning after Friday's earnings report and a downgrade today from J.P. Morgan. Shares of Wal-Mart de Mexico (WMMVY) have fallen 2% this morning.  Analyst Andrea Teixeira and team downgraded the shares to Neutral, and write: "The potential sales recovery and improvements in Sam’s …

  • Cliffs Natural Resources: Now You Tell Me @ Barrons.com - 15 hours ago

    Cliffs Natural Resources (CLF) has plunged nearly 70% this year--which means that another analyst must have decided that it was the perfect time to downgrade its shares. The analyst in question: Citigroup's Brian Yu, who slashed his rating on Cliffs Natural Resources to Sell from Neutral.

  • India Today: Fuel Reforms Boost ETFs @ Barrons.com - 15 hours ago

    India intends to encourage competition and investment in its oil and natural gas sector with the deregulation of diesel prices and adjustments to natural gas pricing. The iShares MSCI Index ETF (INDA) is up 0.6% today, while the Wisdom Tree India Earnings Fund (EPI) is up 0.85% and the iPath MSCI India ETF (INP) is up …

  • Emerging Markets Today: Russia, Brazil Lower @ Barrons.com - 15 hours ago

    Deutsche Bank this morning summarizes developments in Russia, where the government announced currency repo auctions over the weekend, and in Brazil, where everyone's on edge about the presidential election on Sunday. Russia's Micex Index is down 2% today, while Brazil's Bovespa Index is down 1.3%. The Market Vectors Russia …

  • Stocks are mixed this morning, with the Dow Jones Industrial Average taking the biggest lumps due to a miss from International Business Machines (IBM). S&P 500 futures have dipped 0.1%, while Nasdaq Composite ...

  • Shares of International Business Machines (IBM) are down $13.32, over 7%, at $168.73, in early trading, after the company this morning reported Q3 revenue and earnings per share that missed analysts' estimates, said it won't make its previous forecast for next year's profit, and confirmed speculation it will pay chip fabricator …

  • Lifestyle International (1212.HK), which owns the famous Sogo department store in Hong Kong's busy Causeway Bay shopping district, agreed to sell 19.9% of its shares to Qatar's sovereign fund. Investors ...

  • After the Hong Kong market close, China's largest telecom China Mobile (0941.HK/CHL) reported disappointing third-quarter earnings. Sales in the third-quarter declined 2% from a year ago to 156.6 billion ...

  • Asia Roundup: Stimulus, Stimulus Everywhere @ Barrons.com - 20 hours ago

    The Japanese Nikkei newspaper reported over the weekend that Japan's $1.2 trillion public pension fund GPIF may raise its allocation to domestic stocks from 12% to 25%. The Nikkei 225 rallied 4%, the biggest ...

  • On Oct. 14 one Walgreen insider bought nearly $80 million in shares of the drugstore chain, dwarfing selling by an executive the same day. Walgreen director (ticker: WAG) and activist investor Barry Rosenstein, ...

  • Xilinx (XLNX:Nasdaq) By J.P. Morgan ($38.49, Oct. 17, 2014) Xilinx reported solid results and guided revenue slightly below ours and consensus expectations, although up quarter-over-quarter, but above market expectations. Growth in Xilinx’s (XLNX) December [fiscal second] quarter is being driven by a resumption of communications …

  • For Jokowi To Succeed: Follow Modi's Steps @ Barrons.com - 21 hours ago

    A round of applause to Indonesia, a young democracy that successfully swore in a new reform-minded president Joko Widodo, commonly known as Jokowi, today. Since Jokowi was confirmed as the president-elect in late July, the Indonesia Southeast Composite Index is barely changed. By comparison, the India S&P BSE SENSEX …

  • Louis Gave Embraces Disruptive Change in Asia @ Barrons.com - 22 hours ago

    He has been known to shun the media limelight but was kind enough to sit down with Barron’s Asia in his office recently to discuss why he’s still bullish on Asia, and where he’s investing now. Barron’s: After more than 15 years of investing in Asia, has your approach changed? Gave: The single most important driver of …

  • WTI crude oil rose to $83.14 in recent trading on Monday, recovering from last week's low of $81. In the case of oil, slowing demand from China of course contributes to the decline, but this time around, oil price may be more affected by supply (sort of a similar story as iron ore), as "US Oil supply growth between 2013-2020 …

Next >>