Alibaba cuts revenue targets amid economic uncertainty in China
11/2/2018, 5:26:46 PMAlibaba has trimmed its revenue expectations amid concerns about the economic fallout from the US-China trade war. ✔ Chief financial officer Maggie Wu said profits in the latest quarter, through to the end of September, had remained tempered ✔ Amazon, Alibaba's main rival in Western markets, has seen its share price drop 6.5pc since its results last week, which missed Wall Street expectations
Week’s Best: Recession Talk, Sad News at BofA
11/2/2018, 9:19:43 PMThe U.S. economy is growing at a torrid pace, but interest rates are on the rise and President Trump’s trade war policies could dampen growth. ✔ Terry Laughlin was a close advisor to the bank’s CEO, Brian Moynihan, and played a key role in getting the company back on its feet following the financial crisis ✔ More in Advisor Center SEC Busts More RIAs This Year Vanguard CEO Tim Buckley to Become Chairman Merrill Lynch Plan Could Reduce Advisor Pay
Trump's suddenly talking about a big new trade deal with China, but analysts say it's just 'pre-election hype designed to make the markets happy'
11/2/2018, 9:47:39 PMPresident Donald Trump's sudden talk of a trade deal could be a political ploy to boost the stock market before the midterm elections, analysts say. ✔ Given that tariffs are generally inflationary and bad for economic growth, investors have not been particularly pleased with the idea of a drawn-out trade war or the possibility of more tariffs ✔ At worst, this was a maneuver to goose the market a few days before the midterms
USDA, farm businesses head to South Korea in trade mission
11/2/2018, 9:45:06 PMThe U.S. Department of Agriculture (USDA) said on Friday it will lead a trade de... ✔ 24 and at a time when American farmers have been struggling due to the absence of Chinese buyers, their largest export market, due to a trade war between Washington and Beijing ✔ USDA’s Foreign Agriculture Service (FAS) Administrator Ken Isley will be heading the mission with nearly 50 U.S. agriculture businesses which will hold one-to-one meetings with potential customers ✔ Our Standards:The Thomson Reuters Trust Principles
Trump admin sends mixed signals on China
11/2/2018, 8:02:43 PMPresident Donald Trump says his trade negotiations with China are going swimmingly, but his chief economic adviser says they're nowhere close to a deal. ✔ Midday Thursday: Kudlow tells reporters i n the White House driveway that there may be a thaw between the United States and China on trade ✔ CNN White House reporters Jeff Zeleny and Abby Phillip contributed to this report from Washington, and reporter Nanlin Fang contributed from Beijing
Walmart sues former credit card issuer as bitter feud escalates
11/2/2018, 4:34:36 PMThe retail giant alleges its ex-lender has breached terms of its contract. ✔ This lawsuit is nothing more than an attempt by Walmart to exert leverage and avoid the contractually defined process for valuing the loan portfolio that Synchrony has serviced on behalf of millions of Walmart customers for the last 20 years, the statement said
Nvidia and two other chip names could be a buy amid the big tech volatility
11/2/2018, 5:20:33 PMSemiconductor stocks took a hit Friday amid a sweeping technology rout, but were still on track for their best week in more than two years. ✔ 22 Hours Ago | 03:04 Semiconductor stocks took a hit Friday amid a sweeping technology rout, but were still on track for their best week in more than two years ✔ Other strategists agree that investors may want to play the semiconductor space highly selectively, rather than buying up a broad vehicle like the semiconductor-tracking SMH ETF
Alibaba Stock Takes a Hit but Analysts Keep the Faith
11/2/2018, 7:59:00 PMAlibaba stock fell as management reduced its guidance on revenue. Analysts are still upbeat about the long-term outlook. ✔ Consumer staples, cosmetics, and apparel remained strong ✔ The potential for a rocky ride in the near term doesn’t detract from Alibaba’s strong competitive position, he says ✔ Make the Connection Analysts have been dialing back expectations due to macro headwinds
Best week since Dec 2016 for European shares as trade hopes fuel rally
11/2/2018, 5:18:48 PMEuropean shares had a third day of gains on Friday after U.S. President Donald T... ✔ Other luxury stocks such as LVMH (LVMH.PA) and Moncler (MONC.MI) also climbed 3.3 and 5.5 percent ✔ Europe’s tech stocks .SX8P rose 1 percent, shrugging off Apple’s (AAPL.O) disappointing results which drove the iPhone maker’s shares down 7 percent ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar up as U.S.-China trade tensions linger, jobs data helps
11/2/2018, 7:39:32 PMThe dollar rose against the yen and the euro on Friday in a choppy session, as w... ✔ On Friday, the dollar was also supported by data that showed U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, which could keep the Federal Reserve on track to raise interest rates in December ✔ GRAPHIC-World FX rates in 2018 - tmsnrt.rs/2egbfVh Our Standards:The Thomson Reuters Trust Principles
Stocks Slump Into the Weekend as Early Optimism Fades Away
11/2/2018, 9:31:30 PMStocks ended the week on a downbeat note, hurt by Apple’s post-earnings slump, which overshadowed early optimism about trade and jobs. ✔ Text size Slouching Toward the Weekend ✔ While we noted that a strong report could catapult the market higher after three days of gains, the flip side of that argument was that Apple could weigh on stocks ✔ That was the case today as the Street fretted not only about the company, its suppliers and tech in general, but also about emerging markets and less transparency
U.S. job growth soars; annual wage gain largest since 2009
11/2/2018, 5:32:57 PMU.S. job growth rebounded sharply in October and wages recorded their largest an... ✔ The dollar .DXY was trading higher against a basket of currencies ✔ The risk in 2019 is that the Fed will increase the pace of rate hikes, said Joe Brusuelas, chief economist at RSM in New York ✔ Market participants will likely need to adjust their expectations going forward ✔ Our Standards:The Thomson Reuters Trust Principles
Cramer Remix: McDonald's is on fire with no end in sight
11/2/2018, 11:12:20 PMJim Cramer explains why he thinks McDonald's has even more upside after its latest earnings report. ✔ Remember, Apple has the world's biggest buyback and next week I bet you they will be in there repurchasing this stock right alongside you ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
The ‘smart money’ is staying neutral on Apple
11/2/2018, 5:11:24 PMMomentum money flows are negative, but the smart money is shrugging off Apple’s decision to no longer disclose iPhone unit sales. ✔ I also stated that tech stocks were likely to be the big beneficiaries of a market rally ✔ Please see How one investor sidestepped this week’s stock-market decline ✔ Nigam can be reached at Nigam@TheAroraReport.com We Want to Hear from You Join the conversation Comment
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