S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

AmEx Lifts Estimates, BB&T Loan Growth Improves; IBM Net Rises
Jul 19, 12:51 PM EDT 
Alcoa plunged on flat profit. American Express lifted revenues estimate. The BNY Mellon net jumped. Blackstone profit surged 120%. BB&T net jumped on improved loan growth. IBM net rose. Philip Morris shipment increased. Union Pacific net surged.
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Unilever Battles Volatile Prices and Currencies; ABB Wins More Orders
Jul 19, 12:32 PM EDT 
ABB profit surged 30%. Alstom revenues jump and new orders soared 38%. Publicis reported disappointed first-half results. SAP reported better-than-expected results. Unilever profit and revenues declined as the consumer products group faces price war, truck strike in Brazil and volatile currencies.
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STOCK MOVERS

U.S. Movers: Alcoa, AmEx, The BNY Mellon, BB&T, IBM, Union Pacific
Jul 19, 12:52 PM EDT 
Alcoa plunged on flat profit. American Express lifted revenues estimate. The BNY Mellon net jumped. Black...
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U.S. Movers: Abbott, Grainger, Intuit, Morgan Stanley, M&T Bank, US Bancorp
Jul 18, 12:45 PM EDT 
Abbott net soared and lifted fiscal outlook. Grainger surged on strong profit and guidance. Intuit out so...
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U.S. Movers: Comerica, Charles Schwab, Goldman Sachs, Netflix, UnitedHealth
Jul 17, 1:11 PM EDT 
Comerica net jumped after loan losses declined. Charles Schwab said new accounts openings jumped to a rec...
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U.S. Movers: Allied Universal, Bank of America, Blackrock, Black Box, JB Hunt
Jul 16, 1:00 PM EDT 
Allied Universal agreed to acquire domestic rival U.S. Security Associates for $1 billion. Bank of Americ...
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U.S. Movers: Citi, First Republic Bank, JPMorgan, PNC Financial, Wells Fargo
U.S. Movers: Bank of the Ozarks, Commerce Bancshares, Delta, T. Rowe, Valmont
U.S. Movers: AngioDynamics, AAR, Fastenal, MSC Industrial Direct, WD-40
U.S. Movers: AAR, PepsiCo, The Simply Good Foods, WD-40
U.S. Movers: Canada Pension Plan, Groupon, Helen Of Troy, Vista Outdoor
U.S. Movers: Bristol-Myers, Pricesmart, Silicon Motion Technology, Sonos
Mutual funds Q&A

Not All Earnings Are Equal
RBC Global Opportunities Fund
Habib Subjally
“The market values a dollar of earnings generated from extra financial borrowing in the same way as it va...

Investing in Cash Generators with Temporary Problems
The GoodHaven Fund
Larry Pitkowsky, Keith Trauner
“Being contrarian and value-oriented means finding investments that are misunderstood or under a cloud. N...

Harnessing the Rising Middle Class Across the Globe
MassMutual Premier International Equity Fund
Jason Marino
“Structural growth is our thematic approach to investing. We look at dynamic areas of the market that are...
MANAGEMENT TALK Q&A

Quality, Cash Flow and Relative Value for Income
Brant Houston, Gary Pzegeo
“Clients and investors were searching for more income and we felt that income was going to be a key compo...

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...
RBC Global Opportunities Fund
Habib Subjally
“The market values a dollar of earnings generated from extra financial borrowing in the same way as it values a dollar of earnings created after investing and creating extra financial or contingent assets. That’s the inefficiency of the market that we seek to exploit.”
The GoodHaven Fund
Larry Pitkowsky, Keith Trauner
“Being contrarian and value-oriented means finding investments that are misunderstood or under a cloud. Negativity or disinterest in a company or an industry is not a sufficient condition to invest, but is often a good starting point.”
MassMutual Premier International Equity Fund
Jason Marino
“Structural growth is our thematic approach to investing. We look at dynamic areas of the market that are set to benefit from the rising middle class.”
Oppenheimer Emerging Markets Innovators Fund
Heidi Heikenfeld
“There is significant wealth creation in the emerging universe and the number of companies with market cap of more than $500 million has tripled over the last 10 years and doubled over the last five years.”
ATAC Inflation Rotation Fund
Edward Dempsey
“We are always guided by the fact that success isn’t about the money we make on the upside, but about not losing on the downside. Most of our return is generated through the correct allocation and by the decision when to invest in stocks and when to avoid them.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Jobless Claims 2018-07-19 8:30 AM
Housing Starts 2018-07-18 8:30 AM
EIA Petroleum Status Report 2018-07-18 10:30 AM
Industrial Production 2018-07-17 10:00 AM
Retail Sales 2018-07-16 8:30 AM
Business Inventories 2018-07-16 10:00 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc