Home / 2018 / July (page 21)

Monthly Archives: July 2018

There’s one media stock that’s outperforming Netflix

Netflix may have surged 110 percent so far this year, but World Wrestling Entertainment (WWE) has been giving the streaming giant a run for its money and market watchers believe the stock will continue to clean house. Shares of WWE rallied 3 percent Friday as Morgan Stanley raised its price …

Read More »

Bond market sounds alarm on economy but it may be a false one for now

However, many in the markets are taking the message seriously. Joseph LaVorgna, Natixis chief economist Americas, said the flattening curve is sending a warning, and many investors will see it that way. The financial sector is among the first areas to be pinched when the curve inverts. “In general terms, …

Read More »

Amazon to take almost 50 percent of US e-commerce market by year’s end

You knew Amazon was big. But did you know it was this big? Amazon’s e-commerce sales in the U.S. are expected to reach a staggering $258.2 billion this year, up nearly 30 percent from a year ago, according to a new survey from eMarketer that looks at the company’s sales …

Read More »

Retailers get ready for the holidays at the Christmas in July festival

Christmas in July Festival Holiday decorations from Danish retailer Flying Tiger shown at the Christmas in July Festival in London, July 11 2018 For British pottery company Emma Bridgewater, personalization will be hugely popular, but not just for holiday gifts. The company now offers mini mugs with people’s names on …

Read More »

PNC shares gain after higher commercial lending leads to better-than-expected earnings report

Shares of PNC Financial Services rose nearly 2 percent in premarket trading Friday after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared …

Read More »

Morgan Stanley raises its price target on WWE

Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 World Wrestling Entertainment shares triple-digit return so far this …

Read More »

US and UK have agreed to pursue an ‘ambitious’ trade deal

BRENDAN SMIALOWSKI | AFP| Getty Images British Prime Minister Theresa May and US President Donald Trump wait for a meeting at the Palace Hotel in New York. President Donald Trump sought to walk back some of his scornful rhetoric towards U.K. leader Theresa May Friday morning. “Whatever you do is …

Read More »

Goldman Cybersecurity stocks present tactical opportunity

Cybersecurity stocks present a compelling short-term bet for investors ahead of the 2018 midterm elections, Goldman Sachs advised clients Thursday. Pointing to an expected uptick in security spending in the run-up to November, analyst Arjun Menon told clients that the select group of stocks are likely to see upside in …

Read More »

Citigroup earnings Q2 2018

Citigroup shares fell on Friday after the banking giant reported weaker-than-expected quarterly revenue, driven by a decline in corporate lending. The company’s earnings per share, however, topped estimates. Here is how Citigroup’s second-quarter results fared against Wall Street estimates: Earnings: $1.63 per share vs $1.56 forecast by Thomson Reuters Revenue: …

Read More »

Thousands gather to protest Trump in the UK

Dan Kitwood | Getty Images Protesters seen from a coach window hold up placards along the route at Blenheim Palace prior the arrival of U.S. President Donald Trump and First Lady Melania Trump on July 12, 2018 in Woodstock, England. Protests have kicked off for the second day of President …

Read More »