|Bid||377.00 x 900|
|Ask||378.00 x 1200|
|Day's Range||368.50 - 378.40|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||21.60|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||8.22 (2.28%)|
|1y Target Est||415.05|
Amid all the talk of antitrust, government regulation and cryptocurrency plans, it might be nice for Big Tech just to focus on earnings this week — unless they are bad, of course.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included leaders in the aerospace, media and retail sectors. Some bearish calls were prompted by quarterly ...
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news, including exclusive interviews with three prominent education leaders and headwinds facing the Salesforce-Tableau deal.
The Boeing 737 MAX won't return to service until very late in 2019, at best. With cash flow likely to remain negative until 737 MAX deliveries resume, Boeing may need to issue more debt to bolster its liquidity.
(Bloomberg) -- The upbeat picture painted by this past week’s blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.In the same week the five biggest U.S. lenders raked in over $30 billion in earnings for the first time, others around the globe left investors wondering how the bottom fell out so fast. Netflix Inc. sunk the most in three years amid a surprise drop in U.S. customers, while online retailer Asos Plc plunged after issuing another profit warning. Meanwhile, one-time earnings bellwether Alcoa Corp. beat on profit -- but also cut its forecast for global aluminum demand, adding to concerns that trade frictions are eroding the outlook for the industrial metal.This week, a range of high-profile companies report results, from tech titan Amazon.com Inc. and embattled aircraft maker Boeing Co. to burger behemoth McDonald’s Corp. and electric-car maker Tesla Inc. The earnings will offer a glimpse into every major sector of the economy, and Wall Street will be watching for signals like reduced hiring expectations, stalled capital expenses or consumers’ waning willingness to accept price hikes.With stock markets trending near record highs but recession risks on the rise, the second quarter could be yet another notch in the longest bull market in history -- or the beginning of its end.Here’s a look at what we’re watching:CarsAutomaker earnings may show how much the one-two punch of slowing sales and massive technological disruptions are impacting the industry’s bottom line.Those challenges have forced Ford Motor Co. and Volkswagen AG further into one another’s arms. After extending an alliance to include joint work on electric and autonomous vehicles, they’re expected to report stagnant or shrinking revenue. Daimler AG will put out finalized results weeks after the Mercedes-Benz maker posted a preliminary loss along with its fourth profit warning in just over a year. And analysts are projecting another unprofitable quarter for Tesla, which is blowing its battery-powered rivals out of the water but is still struggling to make money.The challenges extend to Asia, too. Nissan Motor Co. is set to give more details about restructuring efforts including potential job cuts as it tries to revive profitability that’s at a decade low. Jaguar Land Rover’s Indian owner Tata Motors Ltd. is also under pressure to show its cost-cut efforts are bearing fruit as it’s hit with hurdles from Brexit, a slowdown in China and flagging demand for diesel vehicles.ConsumerIf sales slow at McDonald’s, Starbucks Corp. or Chipotle Mexican Grill Inc., it will be a sign that consumers are cutting back on spending and eating out less. Higher labor and commodity costs have also forced restaurants to raise prices to maintain margins, and diners might balk at the idea of paying more for coffee and guacamole-stuffed burritos.Higher prices in recent quarters have benefited Starbucks as well as beverage makers Coca-Cola Co. and PepsiCo Inc. At Anheuser-Busch InBev, which just sold its Australian beer assets, investors will listen for any signs an IPO for the rest of its Asian business could be back on the table.China, meanwhile, will be the focus when European luxury conglomerates LVMH and Kering SA report results. The health of sales in that region will be scrutinized after showing surprising resilience in recent quarters, despite an ongoing trade war with the U.S. and the nation’s economic slowdown. Hong Kong protests, meanwhile, are hurting luxury spending at companies such as Richemont and Swatch Group AG.EntertainmentAT&T Inc. and Comcast Corp. can’t wait to enter the battle against Netflix and Walt Disney Co.’s Hulu for streaming-video viewers, but they have to contend with the continued decline of their legacy businesses first. As consumers flee traditional cable packages in favor of services like Netflix, AT&T and Comcast are expected to lose television customers, so investors will watch for signs that broadband subscriber growth can offset those declines.With casino companies including Las Vegas Sands Corp. and MGM Resorts International and their Asia subsidiaries reporting, investors will be on the lookout for any impact from China’s economic weakness.IndustrialsThe future of the 737 Max will be in focus when we hear from Boeing, which plans to report a $4.9 billion accounting charge related to its beleaguered jetliner. Southwest Airlines Co. and American Airlines Group Inc. have already removed the Max from their flight schedules through early November. Southwest is the model’s biggest operator while American is the world’s largest airline, and both carriers are sure to field questions about the Boeing crisis on their conference calls with analysts this week.Another company on the hot seat is aerospace-parts giant United Technologies Corp., whose merger agreement with Raytheon Co. has drawn fire from activist investors Dan Loeb and Bill Ackman. Investors in Caterpillar Inc., meanwhile, will look for more clarity on global demand for the company’s iconic machines in the second half of the year.TechnologyTech investors have a lot of information heading their way, with Facebook Inc., Alphabet Inc., Intel Corp. and Twitter Inc. all reporting. Their main question is whether those firms can keep revenue climbing amid the U.S.-China trade war and signs of slowing economic growth. There’s also mounting regulatory pressure on the sector around antitrust and privacy concerns. One player that’s avoided the recent scrutiny is Microsoft Corp., whose quarterly profit just topped estimates on the strength of its cloud-computing business.For hardware companies like Texas Instruments Inc. and Intel, the focus will be on the loss of market share in China as the companies grapple with a ban on exports to Huawei Technologies Co., a key customer.Amazon’s Prime Day got scads of attention last week, but it won’t be reflected in the company’s upcoming results. Investors in the e-commerce giant will be paying close attention to the fast-growing advertising and cloud business units.BankingEurope’s banks are expected to trail their U.S. peers for yet another quarter as global trade tensions continue to weigh on client activity. And unlike American banks, the Europeans don’t have a healthy stream of income from lending to fall back on due to negative interest rates.Deutsche Bank AG has already announced a loss for the quarter as it embarks on massive cutbacks, and investors will press for more details. France’s BNP Paribas SA has agreed to take on Deutsche’s hedge-fund and electronic-trading clients, but the integration is proving difficult and BNP will have to show progress in turning its own stocks trading unit around following embarrassing losses last year.Finally, Credit Suisse Group AG will have to answer questions about the surprise exit of a key wealth management executive who was seen as a potential successor to CEO Tidjane Thiam.\--With assistance from Brendan Case, Craig Giammona, Joe Deaux, Molly Schuetz, Craig Trudell, John J. Edwards III, Christian Baumgaertel, Eric Pfanner, Ville Heiskanen, Reed Stevenson and Christopher Palmeri.To contact the reporters on this story: Matthew Boyle in New York at firstname.lastname@example.org;Anne Riley Moffat in New York at email@example.comTo contact the editors responsible for this story: Kevin Miller at firstname.lastname@example.org, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- This summer, European vacationers are being brought down to earth. A campaign, marked by hashtags such as stayontheground and flightshame, is pressuring travelers to think twice about the carbon impact of their air travel. Even airlines are joining in the public shaming. KLM Royal Dutch Airlines is encouraging people to fly less, and Deutsche Lufthansa AG's CEO recently declared that cheap fares are "economically, ecologically and politically irresponsible." Whether connected or not, there’s been a surge in European train passenger traffic this summer.None of this well-meaning effort will amount to much, however, unless the industry grapples with the environmental impact of its fastest-growing market: Asia.Aviation industry estimates suggest that global passenger numbers will double by 2037, led primarily by new middle-class consumers in China, India and Southeast Asia. Sometime in the next decade, China will surpass the U.S. as the world's biggest aviation market.This growth has been driven partly by population size -- China’s middle class alone includes at least 400 million members -- and partly by strategy. Rather than waiting for these consumers to become rich enough to afford traditional airfares, Asian low-cost carriers sprung up to meet them where they were economically. In 2008, airlines in Southeast Asia flew 200 million seats. A decade later, they flew 530 million seats; during that time, low-cost carriers expanded their market share from 30% to nearly 50%. The region’s leading such airline, Malaysia-based AirAsia Group Bhd., uses the slogan, "Now Everyone Can Fly!." It’s on track to become Southeast Asia’s largest carrier -- period -- in 2019.Neither the airline industry, passengers -- many of whom are flying for the first time -- nor local governments have any intention of slowing this growth. To the contrary, by 2035, India plans to build 100 new airports and China plans over 200 of its own. Meanwhile, developed countries including Singapore and South Korea are upgrading and expanding airports to prepare for the expected deluge of new passengers.East Asia already has the world's fastest-growing tourist industry and planemakers are salivating at the potential for more growth. The Boeing Co. predicts that Asia-Pacific will account for around 40% of the 44,000 commercial aircraft it expects to sell through 2038.The environmental costs of this growth are very real. An individual flying roundtrip between New York and London generates the same level of emissions as a person heating their home for a year. That adds up: The airline industry emits nearly 1 billion tons of CO2 annually. If aviation were a country, it'd be a top 10 emitter, bigger than such notable polluters as Brazil, Canada, South Korea and the U.K.The few conscientious Europeans who choose not to fly will in all likelihood be vastly outnumbered by the Asians who do, even if the latter are often flying shorter distances within the region. While environmental consciousness is growing across Asia, sustainable consumption -- and especially the notion that consumers should opt out or pay more for the benefits of a consumer economy -- remains an idea largely embraced by the already affluent.That means airlines and local governments are going to have to find other ways to mitigate the impact of air travel in Asia. There are no easy solutions, of course. But governments can and should take tangible steps now. For instance, China and India could join the over 70 states participating in the Carbon Offsetting and Reduction Scheme for International Aviation, or CORSIA, a market-based program in which airlines buy "offsets" for their emissions. Its idealistic goal is to make aviation carbon-neutral by 2020.Greater government support for biofuels and other sustainable fuels, especially by flag carriers and state-supported airlines, would reduce emissions and create economies of scale that would make it more affordable for other airlines to adopt such cleaner-burning fuels. Airlines could work together to establish and maintain "green" flight routes that reduce fuel use and climate impacts.Finally, countries with an interest in developing plane manufacturing sectors could increase investments in electric and hybrid propulsion. Governments won’t get far if they try to tell eager new consumers they can’t fly. The key is to make all those trips a lot less damaging than they currently are.To contact the author of this story: Adam Minter at email@example.comTo contact the editor responsible for this story: Nisid Hajari at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Boeing Co. stock rises to its highest level in nearly a month on Friday after Wall Street breathed a collective sigh of relief after the aircraft maker put a relatively paltry price on its 737 Max debacle.
Boeing Co. is expected to report second-quarter earnings before the bell Wednesday as the aircraft maker’s stock continues to show resilience against the 737 Max problems.
Half a century after Apollo 11, these legacy space companies and upstarts are working to return astronauts to the moon and venture onward to Mars.
Boeing is in the news a lot, but investors wondering if the stock is a good buy now should also look at the aerospace giant's fundamentals and its chart.
U.S. stocks closed lower Friday following a report that Federal Reserve officials would only cut interest rates by a quarter percentage point in late July, and after Iran said it seized a British-flagged oil tanker in the Strait of Hormuz.
Stocks traded lower Friday amid more geopolitical tensions with Iran. Oil prices jumped after Iran's Revolutionary Guard Corps captured a British oil tanker in the Strait of Hormuz, a major thoroughfare for global oil shipments.Source: Shutterstock Geopolitical tensions, however fleeting, often prompt traders to move into safer assets, such as the dollar or U.S. government bonds, pressuring riskier assets, like stocks, along the way.To close the week, the Nasdaq Composite fell 0.74% while the S&P 500 lost 0.62%. The Dow Jones Industrial Average declined by 0.25% with fewer than a third of its 30 members trading higher on Friday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn more encouraging geopolitical news, President Donald Trump said U.S. Treasury Secretary Steve Mnuchin had a positive conversation with his Chinese counterpart. * 10 Tech Stocks That Are Still Worth Your Time (And Money) "U.S. and Chinese officials spoke by phone on Thursday as the world's two largest economies seek to end a yearlong trade war, with Mnuchin suggesting in-person talks could follow," according to Reuters. Marvelous MicrosoftWe mentioned here yesterday that Microsoft (NASDAQ:MSFT) had the potential to be a big mover today following its Thursday earnings report. While the stock rose just 0.15% today, the report was spectacular. Microsoft said it earned $1.37 a share on revenue of $33.72 billion. Analysts were expecting earnings per share of $1.21 on revenue of $32.77 billion.A slew of positive analyst chatter on Microsoft ensued due in large part to the company's encouraging commentary on Azure, its cloud computing business. If Azure can steal some market share from Amazon Web Services (AWS), Microsoft can add to its $1 trillion-plus market value. Boeing: When Bad News Is Good NewsBoeing (NYSE:BA), the largest component in the Dow, surged 4.48% after the company said it's going to take a $5 billion after-tax charge to compensate airline customers related to the grounding of the 737 MAX jet."For purposes of the second-quarter financial results, the company has assumed that regulatory approval of 737 MAX return to service in the U.S. and other jurisdictions begins early in the fourth quarter 2019," according to a Boeing statement.Doling out $5 billion for a situation that could have been avoided would appear to be bad news, but Boeing's Friday price action suggests investors like the effort by the company to start putting this situation in the rear view mirror. When Rewards Aren't RewardingAmerican Express (NYSE:AXP) slid 2.79%, good for one of its worst intraday performances this year. The problem wasn't earnings. It was rising expenses tied to cardholder rewards. Those expenses checked in at $2.65 billion for the second quarter, above the Wall Street estimate of $2.64 billion. There is, however, some good news."American Express revenue may rise 7-8% long term, our scenario analysis shows, driven by high-spending U.S. consumers and the ability to use its position as the dominant business-card issuer to boost B2B payments," according to Bloomberg Intelligence. Bottom Line: All About Earnings Next Week While chatter about Fed rate cuts and geopolitical events will remain in the picture, next week brings a tidal wave of earnings reports. Let's get into some of those numbers by pointing out that about 32% of the S&P 500 reports earnings the week starting July 22.At the sector level, that works out to be over 16% of technology companies, more than 30% of healthcare firms and over 22% of the financial services sector reporting next week. Those three sectors are the largest sectors to weight in the S&P 500.We'd be remiss if we did not point out that more than 60% of the communication services sector, half the industrial sector and more than 47% of the consumer discretionary group are delivering results for the week commencing July 22. In other words, we should be treated to plenty of action next week.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Dow Jones Today: Oil Slicks Trip up Stocks appeared first on InvestorPlace.
Boeing will release its Q2 earnings before the market opens Wednesday after the aerospace giant announced it would book a massive charge the grounded 737 Max.
The stock market pulled back for the week amid heavy earnings. Netflix dived, Microsoft rose, Facebook Libra faced critics. Some top stocks broke out.
(Bloomberg) -- U.S. stocks extended weekly losses amid mounting tension in the Persian Gulf and as investors speculated the Federal Reserve will limit a rate cut to a quarter-point. Treasury yields spiked and the dollar rose.The S&P 500 Index erased gains after reports that Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. President Donald Trump said he’ll be “working with the U.K.”“Clearly the market values certainty and any conflict in the Middle East -- especially one which could restrict the flow of oil and goods throughout the world -- would be a negative for the global economy and stocks,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. “That’s why the market sold off on the news.”Traders on Friday rushed away from bets that the Fed will slash rates by a half-point this month, a day after clamoring for them. James Bullard, one of the most dovish members of the U.S. central bank, favors a cut by a quarter point in July. The Fed “must stop with the crazy quantitative tightening,” Trump said on Twitter. Trade tensions also remained in focus, with Trump saying the U.S. has had conversations with Chinese representatives.In company news, American Express Co. slid as spending on cardholder rewards soared, while Boeing Co. rallied after a $4.9 billion charge on the grounding of the 737 Max jets met some expectations.These are the main moves in markets:StocksThe S&P 500 fell 0.6% to 2,976.61 as of 4 p.m. New York time.The Dow Jones Industrial Average lost 0.3% and the Nasdaq-100 Index slid 0.9%.The Stoxx Europe 600 Index rose 0.1%.The MSCI Asia Pacific Index surged 1.2%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.4%.The euro decreased 0.5% to $1.1219.The Japanese yen slid 0.4% to 107.72 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 2.05%.Germany’s 10-year yield fell one basis point to -0.32%.Britain’s 10-year yield dipped three basis points to 0.734%.CommoditiesThe Bloomberg Commodity Index rose 0.6%.West Texas Intermediate crude climbed to $55.63 a barrel.\--With assistance from Adam Haigh, Laura Curtis, Samuel Potter, Namitha Jagadeesh, Todd White and Nancy Moran.To contact the reporters on this story: Rita Nazareth in New York at email@example.com;Vildana Hajric in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It was another mixed trading session, with U.S. stocks falling in the final hours of trading. How much will the Fed cut rates? What will so-and-so report on earnings? Investors have a lot of questions, but on the plus side, the markets are still holding up pretty well. Let's look at a few top stock trades going into next week. Top Stock Trades for Tomorrow 1: Boeing Click to EnlargeShares of Boeing (NYSE:BA) bounced more than 4% on Friday as the company announced a $4.9 billion charge related to the 737 MAX. With earnings next week, that announcement is somewhat surprising to me.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock held and is bouncing off the key $360 to $362 area now. $380 has been a trouble spot for BA, but should it continue higher into earnings, the setup will get interesting. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If the stock climbs to the $396 to $400 level ahead of earnings, investors may consider taking profits ahead of the report. A move over $400 puts the ~$413 gap on the table.On a pullback, see that $356 to $360 holds as support. Below puts $337 to $340 on the table. Top Stock Trades for Tomorrow 2: Chewy Click to EnlargeChewy (NYSE:CHWY) stock looked like it was going to rally on Friday morning. The company reported strong revenue growth, but couldn't hold onto its gains.With shares falling -- down over 4.5% on the day -- the stock lost its 8-day and 20-day moving averages. It briefly broke below its post-IPO lows, although $31 is buoying the name for now.On the upside, see if CHWY can breakout over downtrend resistance (blue line). On the downside, see if $30.78 to $31 holds as support. If it doesn't hold, Chewy is a no-touch for now. Top Stock Trades for Tomorrow 3: Skechers Click to EnlargeShares of Skechers (NASDAQ:SKX) are exploding higher on the day, jumping 12% on better-than-expected earnings.From here, I would love to see SKX hold above the $38 level. If it can, it puts the $41.50 to $42 level on the table, an area that stymied SKX's run for months in early 2018.If $38 gives way, we'll need to see if $35 holds as support. Top Stock Trades for Tomorrow 4: AMC Click to EnlargeShares of AMC Entertainment (NYSE:AMC) are jumping more than 8% on better-than-expected earnings. While the gains are nice, the stock was swiftly knocked lower after testing $11. This coincides with a test of the 50-day moving average and 10-week moving average.It would be disappointing to see AMC give up all of its post-earnings gains, but it will still look okay if it holds above $10. Over $11 and it could regain some upside momentum. If it can, keep in mind the 200-day is up at $13.86, while the 61.8% retracement is at $13.59. Top Stock Trades for Tomorrow 5: Crowdstrike Click to EnlargeWhat a beauty of chart Crowdstrike (NASDAQ:CRWD) has. Shares are up 13% on the day after strong earnings results, and the stock is ripping to new highs as a result. * 10 Tech Stocks That Are Still Worth Your Time (And Money) The stock was forming a tightening wedge and is now breaking out higher. Look to see that CRWD holds up over $80. If it does, investors can stay long. Below and it will need to be re-evaluated.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Top Stock Trades for Monday: BA, CHWY, SKX appeared first on InvestorPlace.
Aerospace and defense sector-related ETFs took flight Friday after market observers looked favorably at Boeing's (BA) new charge on the grounding of the 737 Max jets. Boeing Co. took a $4.9 billion charge on its 737 Max jets, which was considered a "positive" and met Morgan Stanley analyst Rajeev Lalwani’s expectations, Bloomberg reports. Lalwani was optimistic about the tentative promise of the jetliners’ return ahead of some investors estimates, alongiwht the 2020 production goals.
The Dow Jones Industrial Average is showing mettle, cutting its weekly losses. Cloud security firm CrowdStrike broke out. Growth stocks show healthy action.