- S&P Futures2,994.50-0.12%
- Dow Futures26,957.00-0.13%
- Nasdaq Futures7,937.25-0.19%
- Russell 20001,541.84+1.10%
- Crude Oil54.03+0.19%
- Gold1,491.70-0.44%
- Silver17.49-0.72%
- EUR/USD1.1130-0.0111%
- 10-Yr Bond1.75700.00%
- Vix14.15+3.44%
- GBP/USD1.2900+0.0735%
- USD/JPY108.7030+0.0819%
- BTC-USD7,919.40-2.27%
- FTSE 1007,154.23-0.39%
- Nikkei 22522,492.68+0.18%
- Financial Times
IMF: alternative worries
p Whether it be venture capital, private equity, real estate, hedge funds, art, jewellery, infrastructure, classic cars or music royalties, pension funds have never been more exposed to this cohort of financial assets.
- Bloomberg
Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud
A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate. Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He's the U.S. government's first witness in the trial of Jean Boustani, a Privinvest Group salesman who's accused of defrauding U.S. investors.
- Barrons.com
Here’s How Hedge-Fund Billionaire Ray Dalio Says the Bull Market Will End
Dalio, however, doesn't see a 2008-repeat with a debt crisis, even as the IMF warned this week of the rising levels of corporate debt building up and investors pushing into riskier assets in search of yield. With rates so low around the world, the return on equity has been higher than the cost of borrowing and companies have been able to borrow, paying barely any interest rate, and almost a promise to never have to pay the principal back because they could just role over the debt, Dalio said. When you look at that, you say that's wild,” he added.
- Bloomberg
U.S. Meat Export Federation's Haggard on China's Pork Demand
Joel Haggard, senior vice president for Asia-Pacific at U.S. Meat Export Federation, discusses how the trade war and rising prices are affecting Chinese demand for pork. China, the world's biggest pork producer, saw domestic output of the meat plunge the most since at least 2009 as outbreaks of African swine fever killed hogs and hurt restocking by farms. Haggard speaks with David Ingles, Rishaad Salamat and Yvonne Man on "Bloomberg Markets: Asia."
- InvestorPlace
3 Stocks to Buy Before Earnings
Any investor with even a passing interest in the market knows earnings can be a powerful catalyst on a stock's share price. Growth play and over-the-top streaming hardware top dog Roku (NASDAQ:ROKU) jumped nearly 21% following July's report. What's more, in the two periods prior ROKU stock soared 28% and 25%, respectively.
- Financial Times
Alfred Nobel himself disdained the boring business of management
p There are two clues as to why “management” should never have a Nobel Prize (“ The nominees for a Nobel Prize for management”, Andrew Hill, October 14). First, as Mr Hill recognises, a prizewinner must have added something of real value to society. The second clue is Alfred Nobel's own disdain for the boring business of management.
- Benzinga
Boston Beer's Truly Hard Seltzer Has Cowen Buzzing
Boston Beer Company Inc (NYSE: SAM) shares were moving higher Thursday after the company received an analyst upgrade on the strength of its red-hot hard seltzer, Truly. Cowen analyst Vivien Azer upgraded Boston Beer Co. from Market Perform to Outperform and raised the price target from $386 to $450. Truly has become a staple in the explosive hard seltzer category, and Boston Beer is riding the wave to new heights, Azer said in the upgrade note.
- Reuters
UPDATE 1-France's Thales issues 2019 sales warning on space, defence woes
Thales cut its 2019 revenue growth forecast on Thursday due mainly to slow sales of commercial satellites and production delays with an Australian military vehicle project. Europe's largest defence electronics company now expects full-year revenues to grow around 1% on an organic or like-for-like basis, rather than a previous goal of around 3%. All other financial targets remain unchanged and Thales will communicate its quarterly order intake figures next Tuesday as previously planned, Finance Director Pascal Bouchiat said.
- American City Business Journals
Job hopping: This is how long employees typically stay at Tesla, Apple, Facebook, Cisco, Nvidia, Oracle and more
Big tech companies in Silicon Valley worry about retaining in-demand workers who are barraged with tempting job offers — but some companies seem to retain employees for longer than others. A Silicon Valley Business Journal analysis of data calculated by career website LinkedIn found that Facebook, ServiceNow, LinkedIn, Tesla, VMware and Google have the hardest time retaining workers, with average employee tenure ranging from 2.6 to 4.3 years. On the other end of the spectrum are more established, hardware-oriented companies like Applied Materials, Intel Corp.
- U.S.News & World Report
9 Dividend Stocks to Buy With Growth Potential
These stocks are a bit riskier, but they also may be interesting options for investors who don't want to simply "set it and forget it" in stocks that may offer a few percentage points in dividends but little in the way of revenue growth or share appreciation. Here are nine examples of growth stocks offering dividends that may be worth a look. NextEra Energy Partners is an independent firm that owns and operates clean energy projects in the United States.
- The Block
Bitcoin has failed as a means of payment or store of value: G7 report
Cryptocurrencies, including bitcoin, have so far failed to provide a "reliable and attractive" means of payment or store of value, according to a report from the Group of Seven (G7) nations. The group, consisting of France, the U.S., Japan, Canada, Italy, Germany, and the U.K. economies, published a final report on stablecoins on Thursday, recognizing that remittances are slow and expensive and that global stablecoins could solve some of these issues but they are not free from risks and challenges. Cryptocurrencies are not a solution, said G7, as they are “highly volatile,” have scalability limits, complicated user interfaces, and issues in governance and regulation, among other challenges.
- Bloomberg
Ericsson’s CEO Sees Dramatic Acceleration of Demand for 5G Technology
Borje Ekholm, chief executive officer at Ericsson, discusses the 5G market, Huawei, earnings and guidance for 2020. He speaks on “Bloomberg Markets: European Open.
- MarketWatch
Dow, Nasdaq fall but market breadth data suggests gains
While the Big 3 stock market indexes lost ground, market internals are painting a more positive picture. The number of advancing stocks outnumbered decliners 1,318 to 1,227 on the NYSE and 1,226 to 1,169 on the Nasdaq Exchange. Volume of advancing stocks represented 57.3% of total volume on the Big Board and 52.3% of total volume on the Nasdaq.
- Financial Times
Samsung’s departure is new blow to Chinese manufacturing
p As it moved capacity elsewhere, Samsung kept its Chinese production to serve the China market. But it has seen its share evaporate to 1.1 per cent in the first quarter from about 20 per cent in 2013, according to Strategy Analytics, removing the final barrier to closing its factories there.
- Financial Times
Wirecard: the unanswered questions
Internal financial reports appeared to attribute substantial profits to payments processed for these companies on behalf of Wirecard by a third-party: a Dubai business called Al Alam Solutions. p The FT found that eight of the 34 companies had shut down by the time their names appeared next to monthly financial data for transactions and sales in 2017.
- Investor's Business Daily
This Robotic Surgery Giant Just Crushed Third-Quarter Earnings Forecasts
Intuitive Surgical stock popped Thursday after the company topped third-quarter expectations on bullish procedure growth for its robotic surgery system, da Vinci. Shares of Intuitive Surgical jumped 3.9%, near 550, in after-hours trading on the stock market today. During the third quarter ended Sept.
Oilprice.comAPI: Supersized Crude Build Sends Oil Prices Down
The American Petroleum Institute (API) has estimated a major crude oil inventory build of 10.45 million barrels for the week ending October 10—compared to analyst expectations of a much smaller 2.878-million-barrel build. Last week saw a large build crude oil inventories of 4.13 million barrels, according to API data. The EIA estimated that week that there had been a smaller build of 2.9 million barrels.
- Reuters
Renault shares plunge as profit warning deepens its problems
A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry. Renault and partner Nissan both announced changes in leadership last week, seeking to reboot their alliance after it was thrown into crisis last year by the arrest of Ghosn in Tokyo on financial misconduct charges, which he denies.
- TheStreet.com
Dow Futures Fall, Global Stocks Retreat As China Notches Weakest GDP in 30 Years
The Friday Market Minute Global stocks retreat as China GDP data underscores trade related risks in the world economy. China Q3 GDP pegged at 6.0%, the weakest pace of growth since 1992, as trade tariffs, limp domestic demand and an uncertain policy response slow the world's second largest economy. European stocks open weaker as China data spooks markets, Renault sales forecast slams automakers.
- Benzinga
Large Square Option Trader Makes $1.9M Bet On Earnings Beat
Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader. Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.
- Investor's Business Daily
IBM Stock Drops As Sales From Business Transition Continue To Slide
IBM stock plunged Thursday, following a quarterly earnings report that fell short of expectations as the computer giant continues a business transition that's caused a lengthy sales slowdown. After the market close Wednesday IBM reported a 4% decline in revenue to $18.03 billion, falling short of Wall Street estimates of $18.23 billion. IBM stock dropped 5.5%, closing at 134.26 on the stock market today.
- Barrons.com
Beyond Meat Stock Dropped Because Serious Competition Is Closing In — Fast
(BYND) shares are falling because of what happened to a competitor. Recently, Beyond Meat and privately held Impossible Foods have had a string of product placement successes, including Subway, (DNKN) (DNKN) and (QSR)'s (QSR) Burger King. Thursday's news, however, could mean the alternative-meat industry is entering a new phase where bullish Beyond Meat investors have to digest wins from new competitors.
- Investor's Business Daily
This Biotech Stock Nearly Doubled In Two Days On A Potential Hepatitis Cure
Shares of Assembly Biosciences rocketed for a second day Thursday — and have nearly doubled since Tuesday's close — on excitement surrounding the biotech company's potential hepatitis B treatment. Shares of the biotech company touched a six-month high. Over the course of 24 weeks, a combination using Assembly's drug and a standard hepatitis B treatment significantly lowered the amount of virus found in patients' blood.
- TipRanks
Goldman Sachs: 3 Buy-Rated Stocks That Could Soar
The first stock on our list of Goldman picks holds a unique niche regarding modern technology and industry. Allegheny Technologies is a manufacturer of metal alloys, specialty metals, and complex metal components. The company's top market is the aerospace and defense industry, but Allegheny is present in the oil & gas sector, the automotive sector, and the electrical industry.
- Benzinga
Cronos Group's 40% After-Hours Mystery Rally: What We Know
Cronos Group Inc. (NASDAQ: CRON) shares spiked 41.5% during Wednesday's after-market session at about 6:20 p.m. Peers such as Aurora Cannabis Inc (NYSE: ACB) and Tilray Inc (NASDAQ: TLRY) made significant moves higher in sympathy with Cronos Group.
