Wells Fargo's top and bottom lines beat estimates

Wells Fargo (WFC) reported second quarter earnings that beat estimates on the top and bottom lines, in part due to higher profits from non-interest income. The company reported earnings per share of $1.30 on revenue of $21.6 billion, beating the street's estimates of $1.15 in earnings per share on revenue of $20.93 billion. A pause on interest rate hikes led to pressures for the bank on interest income, which fell $216 million quarter-over-quarter to $12.1 billion.

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  J&J beats Wall Street expectations for second-quarter earnings, boosts guidance

  MarketWatch
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  JB Hunt (JBHT) Q2 Earnings Surpass Estimates

  Zacks

There’s a Real Chance Fed Can Go 50-Basis Points, Says PineBridge’s Slim

Omar Slim, senior vice president and portfolio manager of fixed income at PineBridge Investments, discusses Fed policy and his outlook for yields. He speaks on “Bloomberg Markets: Asia. Corrects spelling of guest's company name in headline and description.

[video]CrowdStrike Is an Undisputed Leader, but Its Stock Is Priced for Perfection

Here Is Why CrowdStrike Is The Leader CrowdStrike's mission is to protect its customers from breaches. CrowdStrike is a cloud-based cybersecurity company which utilizes crowdsourced data to detect threats and stop breaches. In fact, CrowdStrike boldly asserts that not only is it disrupting legacy operators such as Symantec , but that it's going further and creating a brand new category called Security Cloud.

Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 15/07/19

Bitcoin Cash ABC fell back through the third major support level at $304.78. For the bulls, holding above the 62% FIB of $262 was key on the day. At the time of writing, Bitcoin Cash ABC was down 0.07% to $281.24.

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  The Crypto Daily – The Movers and Shakers 15/07/19

  FX Empire
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  NEM’s XEM Technical Analysis – Support Levels in Play – 05/07/19

  FX Empire

Stock Futures Climb As Dow Jones Stocks Goldman, J&J and JPMorgan Report

Stock futures perked up ahead Tuesday's open, as earnings from Dow Jones stocks JPMorgan, Goldman Sachs and Johnson & Johnson — companies representing more than 11% of the Dow's weighting — set the early tone. Also on Tuesday's docket are congressional appearances by officials from Facebook, Amazon.com and Apple, as well as a half dozen speeches from Federal Reserve officials, including Fed Chairman Jerome Powell. Dow Jones futures rose 0.1%, while Nasdaq and S&P 500 futures held to factional gains.

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  Oh Snap! Goldman Sachs turns bullish on millennials

  Yahoo Finance
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  Goldman Sachs is betting on a startup that battles low interest rates for savers

  Quartz

PetroChina Is Worth Less Than its Reserves

Neil Beveridge, senior analyst at Sanford C. Bernstein, discusses the value of PetroChina and his outlook for the company. He speaks on “Bloomberg Markets: Asia.

Goldman Sachs profit beats expectations on equity trading, lending

Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equity trading and an increase in lending to its wealthy clients and companies. The bank, like its rivals, is facing several challenges in growing its revenue in the face of rising geopolitical uncertainties and concerns about the impact of future interest rate cuts by the U.S. Federal Reserve. Goldman is also shifting its business model away from a focus on trading to a more stable, consumer-focused revenue stream.

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  Goldman Sachs: 3 Big Box Retailers Primed for Gains

  TipRanks
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  Goldman Sachs invests €25m into Berlin savings startup Raisin

  Yahoo Finance UK

Rent-A-Center to make $47.5M acquisition

Plano-based Rent-A-Center Inc. (Nasdaq: RCII) plans to acquire Merchants Preferred for $47.5 million in a deal expected to close in the third quarter, the company announced Monday.  The deal for Atlanta-based Merchants Preferred, which provides convenient lease-purchasing services to furniture and appliance merchants, will add an additional 2,500 locations to Rent-A-Center's Acceptance Now platform. The Acceptance Now platform facilitates partnerships with retailers, in addition to allowing customers to set up delivery and creating the opportunity for retailers to buy and lease items to customers.  The acquisition will bolster Rent-A-Center's expansion into the virtual rent-to-own space, enhancing its ability to expand into national retail and online partners and creating potential to expand into verticals outside of the home. With its current business, Merchants Preferred targets furniture, bedding, appliance and other dealers.

3 Reasons Your 401(k) Is Not Enough for Retirement

A 401(k) plan has many benefits for employees who are saving for retirement. It allows them to make salary-reduction contributions on a pretax basis (and also on a post-tax basis in some cases). Employers that offer a 401(k) can make non-elective or matching contributions to the plan, which means more money for employees, and they also have the option to add a profit-sharing feature to the plan.

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  Midyear 401(k) Checkup: 3 Things To Do Before the Summer Ends

  Money
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  New 401(k)? 3 Decisions You'll Need to Make

  Motley Fool

6 Stocks to Buy and 1 to Sell Based on Insider Trading

A simple yet effective way to screen for stocks that are potential buys is to see if the insiders are buying shares after the price has dropped. There are many reasons why a company insider may be motivated to sell their stock, but there is only one reason why an insider would buy it! They believe that it will trade at a higher price where they can make money.

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  How Many Vitrolife AB (publ) (STO:VITR) Shares Have Insiders Sold, In The Last Year?

  Simply Wall St.
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  How Much Of Qualstar Corporation (NASDAQ:QBAK) Do Institutions Own?

  Simply Wall St.

JPMorgan beats on Q2 earnings, thanks to big tax boost

JPMorgan Chase (JPM), the largest U.S. bank by assets, reported earnings for the second quarter on Tuesday that surpassed analysts' expectations, helped by a nearly $800 million tax boost. The bank reported a $768 million income tax benefit that boosted results by 23 cents per share. JPMorgan Chase is the second Wall Street bank to report earnings this week — and the second to beat estimates in the face of a slowing economy.

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  Possible Margin Compression Turns Wells Fargo Stock Watchers Bearish

  InvestorPlace
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  Citigroup (C) Q2 Earnings and Revenues Surpass Estimates

  Zacks

JD Stock Is About to Party Like It’s 2017

It is currently tracing out a similar pattern so it is possible that JD stock will party it's 2017 starting in the next few weeks, So this is an opportunity that is worth investigating. In June, I shared a note to stay long JD stock as it showed promise, and that paid off well. The stock rallied almost 20% thereafter.

3 Reasons to Buy Apple Stock Ahead of End-of-Month Earnings Report

In the latter part of 2018, bearishness took hold of Apple (NASDAQ:AAPL) stock and sent shares to the $150 range as AAPL stock investors took in the news that the company would no longer issue unit sales numbers for its iconic iPhone device. CEO Tim Cook reasoned that subscription and app sales mattered more for profitability. By that logic, Apple could afford to offer less transparency into its business each quarter.

Domino's Pizza reports weak sales, shares tank

Same-store sales, a key metric for restaurants, grew at a disappointing 3% in the U.S. Consensus estimates were for 4.6% domestic growth during the quarter. The pizza giant reported adjusted earnings per share of $2.19, better-than-expectations for $2.02 adjusted earnings per share. Domino's has been struggling to meet consensus estimates for both domestic and international sales, as competition in the fast-food space continues to heat up.

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  Domino's Pizza U.S. same-store sales miss estimates, shares fall 6%

  Reuters
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  This Pizza Chain Just Launched The First-Ever Keto Pizza Crust For Delivery

  Delish

Here's why the Fed's coming rate cut makes no sense

I'm not much of a Fed watcher (never mind a Fed basher), but in my 35 years of covering the financial markets, I've never been more vexed by what our central bank is up to. The disconnect is this: Fed Chair Jay Powell is strongly signaling he will cut interest rates at the end of the month, and for the life of me I can't figure out why. The way I've always understood it, the Fed is supposed to cut rates when the economy needs a boost.

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  Good data or not, UBS still expects a half-point rate cut

  MarketWatch
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  What Wall Street Banks Say About Fed Rate Cuts This Year

  Bloomberg