1,775.00 +10.97 (0.62%)
Pre-Market: 6:00AM EDT
|Bid||1,775.00 x 3000|
|Ask||1,779.80 x 1300|
|Day's Range||1,753.24 - 1,809.10|
|52 Week Range||962.50 - 2,050.50|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||139.70|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,164.21|
A very, very busy week for investors is coming up with more than 150 members of the S&P 500 reporting earnings while markets continue to remain in a nervous state.
Speculators are raising funds to invest in real estate near the winning site—wherever that may be—or are gathering cash commitments so they can pounce immediately after the winner is announced. “HQ2 is guaranteed to meet three criteria: tech job growth, tech job growth and tech job growth,” said Bryan Copley, co-founder of the Seattle-based real-estate startup CityBldr, using a shorthand for Amazon’s second headquarters.
S&P 500 companies are expected report quarterly earnings of more than $340 billion over the next few weeks, as a combination of government stimulus and surging economic growth drives bottom line growth, but rising interest rates, U.S.-China trade tensions and the fading affect of Republican-led tax cuts likely points to a steady slowdown in the months ahead. Third quarter earnings, however, are still expected to rise by around 22.2% from the same period last year, according to I/B/E/S data from Refinitiv, and around 78.6% of the 84 companies that have reported so far has topped Street estimates, just ahead of the 77% average over the past four quarters. "Trailing earnings growth is slowing and earnings revisions trends are deteriorating.
Netflix shares soared last week following the release of better-than-expected quarterly results. The surge by Netflix followed weeks of softness from the tech sector in the markets. Netflix shares surged by as much as 15 percent last Tuesday following better-than-expected earnings for the third quarter.
Amazon.com Inc. boasts that Alexa, its artificial-intelligence assistant, can perform more than 50,000 skills. The online retail giant, battling competitors including Alphabet Inc.’s Google for voice-assistant supremacy, is accelerating efforts to make Alexa more useful, from enhancing its conversational chops to offering outside developers financial incentives to make better Alexa-compatible voice applications, which Amazon calls skills. Amazon last month expanded the capability of Alexa developers to allow them to charge users for purchases within skills, such as premium content from a media service, or hints or special powers in a game.
Apple is on a path to reaching a market value of nearly $1.5 trillion, Wedbush Securities says. It initiated coverage of Apple with a buy rating and added it to the firm's "Best Ideas List."
Investors expect volatility to increase into earnings reports, a fact that is readily observable by looking at implied volatilities on front-month call and put options for companies that are due to report earnings. and Netflix have already peaked for this economic cycle. Maybe Amazon really was peaking when it closed above $2,000 per share for a few days in early September and we just didn't realize it at the time.
JERUSALEM (Reuters) - U.S. Treasury Secretary Steven Mnuchin praised investment opportunities in Israel on Sunday and said Washington would increase its participation in infrastructure projects there. ...
Reports from Amazon, McDonald's, and iRobot are some of the most anticipated earnings announcements set to publish over the next few trading days.