Market Update

HSBC Ramps Up Share Buy Back, Sanofi Lifts Earnings Outlook

Sarla Buch
31 Jul, 2017
New York City

bet-at-home.com profit doubled on 18% jump in revenues. Coats Group raised dividend after increase in earnings. HSBC beats profit estimate and announced third share buyback in a year. Sanofi lifted earnings outlook.

Redfin IPO Surges 36%; Chevron, Exxon Net Jump, Amazon Net Drops

Mukesh Buch
28 Jul, 2017
New York City

Amazon net tumbled on higher spending but revenues surged. American Airlines net declined 16%. Chevron net swung to profit on cost reduction. Exxon Mobil net doubled. Merck lifted revenue forecast. Rockwell net plunged 16%. Redfin surged on the first day of trading.

Barclays Swings to Loss; Credit Suisse, Renault Net Jump

Sarla Buch
28 Jul, 2017
New York City

BT blamed profit decline in the first-half on accounting scandal in Italy. Barclays swung to net loss on charges related to Africa operations and rising claims linked to fraudulent insurance selling. Credit Suisse posted better-than-expected profit. Eni swung to profit.Renault lifted sales forecast.

Facebook Net Soars 70%, MasterCard Revenues Rise 13%

Mukesh Buch
27 Jul, 2017
New York City

American Tower net soared. Bristol-Myers lowered earnings outlook after profit plunged. Celgene net surged. Comcast revenues jumped 10%. ConocoPhillips net loss widened. Dow Chemical net tumbled. Facebook advertising revenues surged. MasterCard net soared. P&G net jumped.

AstraZeneca Falls on Cancer Drugs Trial Failure; LVMH and Dior Soar

Sarla Buch
27 Jul, 2017
New York City

AstraZeneca tumbled 16% after the company said its lung cancer trials failed to meet expectations. Christian Dior net surged. Diageo jumped on higher margin and buyback plan. Deutsche Bank profit surged but warned on revenue outlook. LVMH sales soared. Lloyds Banking set aside additional

AMD, Boeing, General Dynamics Lift Outlook, Coca-Cola Net Tumbles

Mukesh Buch
26 Jul, 2017
New York City

AMD stock surged on better-than-expected sales. Boeing lifted fiscal outlook. Coca-Cola net tumbled 59% on charges associated with the refranchising of bottling territories. Ford net jumped. General Dynamics lifted earnings outlook.

Daimler Reports Record Sales, Glaxo Trims Earnings Outlook

Sarla Buch
26 Jul, 2017
New York City

Atos reaffirmed fiscal outlook. BASF net declined 15% on 24% plunge in revenues on substantially lower contributions in the Oil & Gas segment. Daimler net rose 2% and forecasted fiscal 2017 growth of about 3%. Glaxo net swung to profit. ITV net plunged 15%.

Alphabet Advertising Revenues Soars, 3M Lifted Outlook

Mukesh Buch
25 Jul, 2017
New York City

3M net soared and lifted outlook. Alphabet net declined but revenues jumped after advertising revenue soared. Caterpillar net surged 46%. Domino''s domestic sales jumped.

Jimmy Choo in

Sarla Buch
25 Jul, 2017
New York City

Covestro net profit more than doubled on 20% surge in revenues. Dassault revenues and profit jumped. Groupe Eurotunnel net tumbled 41% but the transportation company held out for improved results. Jimmy Choo agreed to be acquired by Michael Kors for

WebMD Accepts $2.8 B Deal, Halliburton Swings to Profit

Mukesh Buch
24 Jul, 2017
New York City

Cal-Maine Foods net loss widened on 9% decline in revenues. Halliburton net swung to profit after 31% increase in revenues. Hasbro revenues surged. Illinois Tool lifted fiscal outlook. ManpowerGroup net rose. VF Corp net more than doubled.

Reckitt Sales Slump on Cyber Attack, Ryanair Warns Softer Prices

Sarla Buch
24 Jul, 2017
New York City

Partners Group agreed to buy the U.K.-based Civica for

GE Sales Down 12%; Honeywell, Microsoft, Visa Net Surge

Mukesh Buch
21 Jul, 2017
New York City

Colgate-Palmolive net declined 13% on disappointing sales. eBay profit tumbled but met revenues expectations. GE continued to struggle with revenues and quarterly sales fell 12%. Microsoft net more than doubled. Visa net surged.

Vodafone Battles Global Fall in Rates, Paysafe Receives Takeover Offer

Sarla Buch
21 Jul, 2017
New York City

France based auto equipment maker Faurecia lifted fiscal forecast. Paysafe received a conditional takeover offer for

Abbott Lifted Forecast; BNY Mellon Net Soars, Qualcomm Net Declines

Mukesh Buch
20 Jul, 2017
New York City

Abbott net plunged but revenues soared and lifted profit forecast. BNY Mellon net surged on higher clearing services. Danaher net slumped but revenues jumped. Kinder Morgan net rose. Philip Morris net slid. Qualcomm net and revenues tumbled. Travelers net declined.

Publicis Lifted by U.S. Business, Unilever Revises Margin Target Higher

Sarla Buch
20 Jul, 2017
New York City

easyJet lifted fiscal profit forecast. Publicis revenues rose after improved performance in the U.S. Premier Foods sales declined on weak grocery sales. Sports Direct profit tumbled. Unilever net soared.