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Trade War - SERIES 285 {15 articles}

UPS Stock Drops Because It Can’t Dodge a Trade War

10/24/2018, 3:11:33 PM
The logistics giant reported generally upbeat third-quarter earnings but commentary about softness and a strong dollar sent the shares down. ✔ The fact that revenue came in a little light, and the midpoint of its guidance is below the Street’s expectations could have been enough to knock the stock if UPS didn’t offer any other good news ✔ Make the Connection Bulls have said to look through the third-quarter when it comes to UPS


UPS profit gain overshadowed by trade war worries, shares fall

10/24/2018, 3:13:09 PM
United Parcel Service Inc's reported a 20 percent rise in quarterly profit ... ✔ Brexit refers to Britain’s exit from the European Union ✔ Operating profit was down 6.1 percent for the U.S. package segment during the latest quarter ✔ UPS is spending billions of dollars to upgrade and expand its network to address competition from FedEx Corp (FDX.N) and Amazon.com (AMZN.O) and is in the early stages of its largest capital spending campaign since the 1980s ✔ Our Standards:The Thomson Reuters Trust Principles


Boeing Stock Is Taking Off as Earnings Show It’s Surviving the Trade War

10/24/2018, 2:43:38 PM
The aerospace giant has floated serenely above the tariff worries that have clobbered other industrial giants this year. ✔ For the full year, it sees earnings per share of $14.90 to $15.10 on revenue of $98 billion to $100 billion, above prior guidance of $14.30 to $14.50 and $97 billion to $99 billion ✔ Wells Fargo ’s Sam Pearlstein reiterated a Market Perform rating on the shares and called the quarter a noisy one, but highlighted Boeing’s commercial business’s 13.2% marginthe highest reported figure in at least 20 yearsand higher reported sales, which suggests better pricing for the latest deliveries ✔ Make the Connection Boeing remains popular among analysts


China yuan 'could fall FURTHER against US dollar within the next SIX MONTHS'

10/24/2018, 1:11:02 PM
CHINA could be set to see its yuan crippled further within the next six months, after a year which has seen the Chinese currency lose around 6 percent already against the US dollar. The gloomy prediction came from a Goldman Saches analyst, who told CNBC a decline against the American greenback is looking more likely after a turbulent few months for the yuan. ✔ Chris Leung, China and Hong Kong economist at DBS Bank, said: Some central banks see the uncertainty emanating from the trade war as temporary only, and remain positive over China’s long-term outlook ✔ The US also wants Beijing to rein in high-technology industrial subsidies, open its markets to more foreign competition and take steps to cut a $375 billion (£283 billion) US goods trade surplus


Chip stocks fall after Texas Instruments, STMicro warn on slowing...

10/24/2018, 1:08:59 PM
Semiconductor stocks slumped on Wednesday after Texas Instruments Inc and Franco... ✔ Chipmakers in recent quarters have struggled with oversupply, a problem that could worsen if demand for automobiles in China keeps weakening, or if U.S. President Donald Trump places tariffs on smartphones, televisions or other Chinese products manufactured with semiconductors


Freeport copper and gold productions top forecasts

10/24/2018, 1:17:18 PM
undefined ✔ In the three months to September, Freeport reported adjusted net income of $514m, or 35 cents a share, up from $492m and 34 cents in the same period a year earlier ✔ Chief executive Richard Adkerson said Freeport had delivered a solid performance, during a quarter that saw copper prices fell sharply on concerns the US-China trade war could hit global growth and therefore demand for commodities


Boeing raises earnings outlook on strong defence spending, plane sales

10/24/2018, 12:34:08 PM
undefined ✔ That’s up from its previous guidance of $14.30 to $14.50, with the upward revision driven by a lower than expected tax rate and strong performance in its commercial aeroplanes division ✔ Airbus alone doesn’t have the capacity to keep up with China’s aeroplane demand


Freeport CEO says company is not for sale

10/24/2018, 3:52:25 PM
undefined ✔ I certainly don’t consider it to be something that we would look at in the near term given our share price, Mr Adkerson said ✔ They will want to see the operations run with stability because they’ll need cash flows to fund this significant debt they’re taking on, he said


Opinion | Does Claire McCaskill have one more trick up her sleeve?

10/24/2018, 1:34:53 PM
The Democratic Party is counting on her to flip control of the Senate. ✔ By David Von Drehle David Von Drehle Columnist focusing on national affairs and politics Email Bio Follow Columnist October 23 at 5:16 PM KANSAS CITY, Mo ✔ Though Hawley embraces the voluable Trump, who has already been to Missouri three times to campaign for him, he eschews Trump’s style of blunt force trauma in favor of a more polished approach


Boeing Shares Surge on Earnings, Guidance

10/24/2018, 2:46:16 PM
Boeing is expecting record revenue in 2018. ✔ Both numbers topped consensus analyst estimates of $3.47 and $24.1 billion, respectively ✔ Commercial airplane operating margin was 13.2 percent, up from 9.8 percent in the same quarter last year ✔ We expect these results to be positively received by the market, he says ✔ Bank of America has a buy rating and $450 price target for BA stock


U.S. dollar rises on weak euro zone data

10/24/2018, 3:56:07 PM
The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesda... ✔ REUTERS/Kai Pfaffenbach Weakness in the single currency supported the dollar index, which rose 0.45 percent against a basket of six rival currencies to 96.351 .DXY ✔ The euro also fell 0.4 percent against the Swiss franc to 1.137 francs EURCHF=, a two-week low ✔ Our Standards:The Thomson Reuters Trust Principles


Mahathir and Prayuth urge ASEAN unity amid US-China fight

10/24/2018, 3:24:33 PM
Malaysian and Thai leaders seek better connectivity via bridges and open borders ✔ Mahathir said the two neighbors have agreed to build two new bridges for better connectivity and will open their trade border for 24 hours a day, to promote cross-boarder trading ✔ Mahathir is scheduled to stay in Thailand until Thursday, when he will give a special lecture to students of Thailand's Chulalongkorn University on Malaysia-Thailand relations in the context of ASEAN


Boeing shares surge after the company reports blowout results and raises 2018 forecast 

10/24/2018, 2:20:27 PM
The company reports strong third-quarter earnings on the back of a robust defense business and more efficient commercial aircraft production. ✔ Boeing is very in tune with the administration and customer base, says Jefferies analyst    1 Hour Ago | 01:46 What really surprised us to the upside was aerospace margins in the 13 percent range and they're raising their guidance for that, Jefferies analyst Sheila Kahyaoglu said on CNBC's Squawk Box


Here’s How The Turkey Crisis Can Spark Contagion In Global Markets

10/24/2018, 2:27:46 PM
Hugh Johnson sees parallels in the Turkey financial crisis and the crisis that engulfed Southeast Asia in 1997-98, and talks of the implications for global markets and investors. ✔ Photo: REUTERS/Osman Orsal The fourth transmission mechanism is capital flows ✔ He says that confidence in investing in Turkey has been eroding for a long time because of the leadership and policies which cannot be changed in a short time, just as it couldn't be done in Thailand


Analysis | The Finance 202: Trump tariffs start biting U.S. companies

10/24/2018, 12:22:27 PM
The trade skirmish could go on for a long time. ✔ THE TICKER David Thompson, a driver for Herlihy Mid-Continent Construction, loads a Caterpillar Inc ✔ (Leah Millis/Reuters)   WTO confronts existential crisis ✔ Those ideas and others will be discussed when Canada hosts a dozen trade ministers in Ottawa on Wednesday and Thursday


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