JD.com (NASDAQ:JD) shares made small gains as noon approached on Friday.
The company reported third-quarter earnings of 29 cents per share on Friday, which beat the analyst consensus estimate of 17 cents by 70.6%. This is a 141.7% increase over earnings of 12 cents per share from the same period last year JD, which boasts a status as China’s leading technology driven e-commerce company and retail infrastructure service provider, reported quarterly sales of $18.865 billion, which beat the analyst consensus estimate of $18.13 billion by 4.1%. This is a 23.7% increase over sales of $15.255 billion the same period last year Mobile monthly active users in September 2019 increased by 36% as compared to September 2018. In the third quarter, over 70% of new customers were...
U.S. stock index futures were higher Friday after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal.
Futures for the Dow Jones Industrials took on 82 points, or 0.3%, early Friday to 27,828.
Futures for the S&P 500 gained 7.5 points, or 0.2%, at 3,104.50 The NASDAQ Composite added 32 points, or 0.4%, to 8,297.50 The S&P 500 has advanced 3.4%, and Dow is up 2.8%, over the past month. The tech-rich NASDAQ has gained 4.1% in that time J C Penney and JD.com are among the firms reporting earnings Friday officials have sent positive signs about trade talks with China. Kudlow, the National Economic Council director, said Thursday that a deal between the two nations was...
Thursday, November 14, 201912:09 PM EST - The Yield Growth Corp. : Announced that pursuant to its previously announced distribution agreement with Melorganics it has shipped nearly 2,500 Urban Juve products to Greece this week, marking its first export of products to Europe. Further, Yield Yield Growth subsidiary Urban Juve has agreed to expand the exclusive distribution territory granted to Melorganics to include Bulgaria, Romania and Serbia, in addition to Greece and Cyprus. "We are impressed with the speed with which Melorganics was able to get all our products approved for sale in Greece," says Yield Growth CEO Penny White. "We are excited to begin selling our Urban Juve products in pharmacies throughout Greece, Cyprus, Bulgaria, Romania and Serbia as we work with...
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Hold at Maxim with analyst Nehal Chokshi saying his survey data lead him to project iPhone revenue in fiscal Q2 that is 14% below consensus iPhone revenue that is 6% below below consensus for fiscal year 2020. He also expects operating profit to decline year-over-year due to his below consensus iPhone view. 2. Kraft Heinz (KHC) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying shares are up 15% since the company reported Q3 results on October 31. 3. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) downgraded to Hold from Buy at HSBC. 4. Myomo (MYO) downgraded to Neutral from Buy at Roth below consensus for fiscal year 2020. He also expects operating profit...
Testimony from Fed Chair Jerome Powell Before the Joint Economic Committee, U.S. Congress, Washington, D.C.: The Economic Outlook. Excerpts: The U.S. economy is now in the 11th year of this expansion, and the baseline outlook remains favorable. Gross domestic product increased at an annual pace of 1.9 percent in the third quarter of this year after rising at around a 2.5 percent rate last year and in the first half of this year. The moderate third-quarter reading is partly due to the transitory effect of the United Auto Workers strike at General Motors. But it also reflects weakness in business investment, which is being restrained by sluggish growth abroad and trade developments.These factors have also weighed on exports and manufacturing this year. In contrast, household consumption has continued to rise solidly, supported by a healthy job market, rising incomes, and favorable...
The Walt Disney Company’s (NYSE:DIS) entry into the world of television and movie streaming did not go smoothly.
The company’s new streaming service, called "Disney Plus," went live Tuesday after months of promotion but encountered several problems in its debut. Only hours after its launch customers across the United States and Canada were reporting technical difficulties, after receiving multiple “unable to connect” error messages when trying to watch various shows.The service confirmed the glitches on Twitter, simply stating that demand "exceeded expectations." Disney added that they are working to resolve the problems. Most problems were focused in Eastern parts of Canada and the United States. Many Canadian users tweeted about the trouble — showing error messages along...
From Dodge Data Analytics: Dodge Momentum Index Moves Higher in OctoberThe Dodge Momentum Index increased 6.9% in October to 152.6 (2000=100) from the revised September reading of 142.7. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. October’s increase was due entirely to a recovery in institutional planning projects, which had stepped back over the previous few months. Institutional planning moved 22.8% higher in the month while commercial planning lost 0.5% Despite the October increase, institutional projects entering planning remain 4.3% lower on a year-over...
CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the "Single Most Important Problem".From the National Federation of Independent Business (NFIB): October 2019 Report: Small Businesses Continue to Push the Economy Forward. The small business half of the economy continued its remarkable economic streak,posting a 0.6 point gain in October’s Optimism Index.The 102.4 reading was buoyed by eight of the 10 Index components advancing, as talk of a recession waned in October. The Uncertainty Index declined 4 points but remains historically high heading into an election year.Twenty-five percent of the owners selected “finding qualified labor” as their top business probl...
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