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Stocks on the brink of snapping 5-day rally with slight opening losses, but set for weekly gains

Mark DeCambre

Stock benchmarks on Friday opened slightly lower, but the main indexes were on track to book a solid weekly gains after five straight days helped to drive the Dow and the S&P 500 out of correction territory. The Dow Jones Industrial Average fell 120 points, or 0.5%, at 23,891, the S&P 500 index fell 0.5% to 2,585, while the Nasdaq Composite Index receded by 0.5% to reach 6,950. All three indexes have gained for five sessions in succession, with those returns producing the longest win streaks since autumn. Earlier Friday, a reading of December inflation, the consumer-price index slipped 0.1%, to mark the first decline in nine months, the Labor Department said on Friday. That matched the forecast of economists polled by MarketWatch. For the week, the Dow is set to gain 2.1%, the Dow is on track to climb 1.9% for the week, while the Nasdaq is set for a 3.1% advance, on the back of optimism around trade talks between China and the U.S. and comments from Federal Reserve members, including Chairman Jerome Powell, that are seen as dovish, or supportive of markets heading higher.

  • How Much Of Par Pacific Holdings, Inc. (NYSE:PARR) Do Institutions Own?
    Business
    Simply Wall St.

    How Much Of Par Pacific Holdings, Inc. (NYSE:PARR) Do Institutions Own?

    Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership. In the chart below below, we can see that institutions own shares in the company.

  • Business
    MarketWatch

    Xilinx stock rises after revenue beat, strong guidance

    The company reported fiscal third-quarter net income of $239 million, or 93 cents a share, compared with losses of $12 million, or 5 cents a share, in the year-ago period. Adjusted for changes in U.S. tax law, among other things, earnings were 92 cents a share, compared with 65 cents a share in the year-ago quarter. Revenue rose to $800 million from $746 million in the year-ago period.

  • Business
    MarketWatch

    Lam Research earnings beat expectations after CEO departure

    Lam Research Corp. (lrcx) shares gained in late trading Wednesday after the chip-equipment company reported better-than-expected quarterly earnings amid a change at the top. It was the first earnings report since Lam Chief Executive Martin Anstice resigned amid allegations of misconduct. New CEO Tim Archer noted fears of a softening chip market but projected confidence in Wednesday's announcement.

  • Business
    MarketWatch

    API data reportedly show a more than 6 million-barrel weekly rise in U.S. crude supplies

    The American Petroleum Institute reported Wednesday that U.S. crude supplies rose by about 6.6 million barrels for the week ended Jan. 18, according to sources. The API, which released its data a day later than usual because of Monday's Martin Luther King, Jr. holiday, also reportedly showed that gasoline stockpiles climbed by 3.6 million barrels, while distillate inventories added 2.6 million barrels. Inventory data from the Energy Information Administration will be released Thursday.

  • Business
    Associated Press

    United Rentals: 4Q Earnings Snapshot

    The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.77 per share. The equipment rental company posted revenue of $2.31 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.21 billion.

  • Business
    Markit

    See what the IHS Markit Score report has to say about Sally Beauty Holdings Inc.

    NYSE:SBH Summary ETFs holding this stock are seeing positive inflows but are weakening Bearish sentiment is high Economic output in this company's sector is expanding Short interest | Negative Short interest is high for SBH with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting SBH. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment.

  • Business
    TheStreet.com

    Texas Instruments Rises After Beating Earnings Estimates, Missing Guidance

    Shares of Texas Instruments Inc. were rising after the chipmaker beat earnings estimates for the fourth quarter but issued slightly worse-than-expected guidance. The stock was up 0.85% to $96.30 a share in post-market trading Wednesday, after having fallen 1.17% in regular hours.

  • Barclays Four 'hid payments to Qatar to stop bank looking weak', court told
    Business
    Evening Standard

    Barclays Four 'hid payments to Qatar to stop bank looking weak', court told

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  • P&G raises forecast
    Business
    Reuters Videos

    P&G raises forecast

    Procter & Gamble raised its full-year sales outlook after reporting strong quarterly sales. Fred Katayama reports.

  • Business
    Investopedia

    6 Stocks Immune From Global Market Risk

    To varying extents, most stocks tend to have correlations with the broad direction of the economy and of the the market, the latter often referred to as systematic risk, or beta. Meanwhile, "global political uncertainty continues to climb, threatening economic and earnings growth as well as investor risk sentiment and equity valuations," as Goldman Sachs writes in their latest U.S. Weekly Kickstart report, which also offers a course of action to investors. "Elevated uncertainty supports owning stocks with strong idiosyncratic growth and limited dependence on the path of economic activity," Goldman Sachs advises.

  • Business
    Associated Press

    PTC Inc.: Fiscal 1Q Earnings Snapshot

    The Needham, Massachusetts-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share. The results surpassed Wall Street expectations.

  • Prosperity Bancshares (PB) Earnings Expected to Grow: Should You Buy?
    Business
    Zacks

    Prosperity Bancshares (PB) Earnings Expected to Grow: Should You Buy?

    Prosperity Bancshares (PB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.

  • Business
    CNBC

    After spinoffs, what remains of GE could be worth just $2 a share or maybe even zero, analyst says

    "Once GE sells off its strong cash generating businesses ... these assets will be gone forever," Gordon Haskett's John Inch said in a note to investors Wednesday. GE "could still end up in a precarious position" even after an influx of cash from multiple spinoffs, Inch said. General Electric GE has spun off several businesses to generate cash and shrink its footprint, but one Wall Street analyst thinks its divestitures may have gone too far.

  • Business
    Reuters

    Ford posts lower operating profit as overseas losses weigh

    Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except for North America weighed on results. "It was not a year we were happy with and the fourth quarter continued that theme," Chief Financial Officer Bob Shanks told reporters at the headquarters of the No. 2 U.S. automaker, which is restructuring its operations globally. Last week, Ford provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain's exit from the European Union.

  • Cisco CEO: Huawei is our biggest competitor on a global basis
    Business
    Fox Business Videos

    Cisco CEO: Huawei is our biggest competitor on a global basis

    Cisco CEO Chuck Robbins on the economic outlook, global growth, 5G, competition from Huawei, protecting customer data and how cloud computing is driving growth.

  • Asbury Automotive (ABG) Upgraded to Buy: Here's What You Should Know
    Business
    Zacks

    Asbury Automotive (ABG) Upgraded to Buy: Here's What You Should Know

    The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. Therefore, the Zacks rating upgrade for Asbury Automotive basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

  • ISRG, RMD Earnings on Jan 24: Here Are the Key Predictions
    Business
    Zacks

    ISRG, RMD Earnings on Jan 24: Here Are the Key Predictions

    Earnings Expectations From the Medical Sector Medical — one of the 16 Zacks sectors — is expected to record solid earnings growth this reporting cycle. For the quarter under review, the projected earnings growth rate for the sector is 7.2% on 6.1% revenue growth. The MedTech companies, within the broader Medical sector, are likely to put up a superb show this earnings season.

  • Why Accuray, Synchrony Financial, and Waters Jumped Today
    Business
    Motley Fool

    Why Accuray, Synchrony Financial, and Waters Jumped Today

    Wednesday was a volatile day on Wall Street, with major market indexes jumping to big gains early in the session before giving them all up by noon. Accuray (NASDAQ: ARAY), Synchrony Financial (NYSE: SYF), and Waters (NYSE: WAT) were among the top performers. Shares of Accuray rose 11% after the medical device manufacturer reported its fiscal second-quarter financial results.

  • Business
    Associated Press

    Citrix: 4Q Earnings Snapshot

    FORT LAUDERDALE, Fla. (AP) _ Citrix Systems Inc. (CTXS) on Wednesday reported fourth-quarter net income of $165.7 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of $1.15. The results exceeded Wall Street expectations.

  • Business
    Associated Press

    Aspen Technology: Fiscal 2Q Earnings Snapshot

    On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 83 cents. Earnings, adjusted for one-time gains and costs, came to 92 cents per share. The results surpassed Wall Street expectations.

  • Analysts Estimate American Financial Group (AFG) to Report a Decline in Earnings: What to Look Out for
    Business
    Zacks

    Analysts Estimate American Financial Group (AFG) to Report a Decline in Earnings: What to Look Out for

    Wall Street expects a year-over-year decline in earnings on lower revenues when American Financial Group (AFG) reports results for the quarter ended December 2018. The earnings report, which is expected to be released on January 30, 2019, might help the stock move higher if these key numbers are better than expectations. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

  • Analysts Estimate Electro Scientific Industries (ESIO) to Report a Decline in Earnings: What to Look Out for
    Business
    Zacks

    Analysts Estimate Electro Scientific Industries (ESIO) to Report a Decline in Earnings: What to Look Out for

    The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.

  • Sirius XM (SIRI) Earnings Expected to Grow: Should You Buy?
    Business
    Zacks

    Sirius XM (SIRI) Earnings Expected to Grow: Should You Buy?

    Wall Street expects a year-over-year increase in earnings on higher revenues when Sirius XM (SIRI) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.

  • Gentex (GNTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Business
    Zacks

    Gentex (GNTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    The market expects Gentex (GNTX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on January 30, 2019, might help the stock move higher if these key numbers are better than expectations.

  • Business
    Reuters

    Texas Instruments beats quarterly profit beats estimates, shares rise

    Apple Inc supplier Texas Instruments Inc beat Wall Street's forecast on quarterly profit on Wednesday but missed on revenue, a performance that comes amid concerns about slowing smartphone sales. Shares of the Dallas-based company rose nearly 1 percent in after-hours trading. Texas Instruments, which supplies touchscreen controllers, power management chips, and a control device for Apple's iPhones and iPads, said revenue overall fell 1 percent to $3.72 billion.