Stocks making the biggest moves premarket: American Express, Coca-Cola, E*Trade & more

Coca-Cola – The beverage maker reported adjusted quarterly profit of 56 cents per share, in line with forecasts. Schlumberger – The oilfield services company beat forecasts by 3 cents with adjusted quarterly profit of 43 cents per share. E*Trade Financial – E*Trade reported quarterly earnings of $1.08 per share, 7 cents a share above estimates. Intuitive Surgical – Intuitive Surgical reported adjusted quarterly profit of $3.43 per share, beating the consensus estimate of $2.99 per share. The mak


Coca-Cola – The beverage maker reported adjusted quarterly profit of 56 cents per share, in line with forecasts.
Schlumberger – The oilfield services company beat forecasts by 3 cents with adjusted quarterly profit of 43 cents per share.
E*Trade Financial – E*Trade reported quarterly earnings of $1.08 per share, 7 cents a share above estimates.
Intuitive Surgical – Intuitive Surgical reported adjusted quarterly profit of $3.43 per share, beating the consensus estimate of $2.99 per share.
The mak
Stocks making the biggest moves premarket: American Express, Coca-Cola, E*Trade & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, premarket, american, reported, beat, surgical, cocacola, revenue, forecasts, cents, estimates, express, etrade, quarterly, biggest, share, stocks, making, profit


Stocks making the biggest moves premarket: American Express, Coca-Cola, E*Trade & more

Check out the companies making headlines before the bell:

American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.

Coca-Cola – The beverage maker reported adjusted quarterly profit of 56 cents per share, in line with forecasts. Revenue was higher than expected. Coca-Cola also reported organic sales growth of 5%, beating forecasts, and also raised its full-year guidance for revenue and operating income.

Schlumberger – The oilfield services company beat forecasts by 3 cents with adjusted quarterly profit of 43 cents per share. Revenue also came in above analysts’ forecasts amid strong international growth.

E*Trade Financial – E*Trade reported quarterly earnings of $1.08 per share, 7 cents a share above estimates. The brokerage firm’s revenue also beat Wall Street forecasts. The company said it would move to take more market share in the new zero commission environment.

Intuitive Surgical – Intuitive Surgical reported adjusted quarterly profit of $3.43 per share, beating the consensus estimate of $2.99 per share. The maker of robotic surgical devices also saw revenue beat estimates, with procedures involving its flagship Da Vinci growing nearly 20% from a year earlier.

General Motors – GM workers will remain on the picket lines until a ratification vote is complete. GM and the United Auto Workers union announced a tentative labor agreement earlier this week.

InterContinental Hotels Group – The hotel operator reported a 0.8% decline in the key metric of revenue per available room during the third quarter. The Holiday Inn and Crowne Plaza owner’s business was impacted by the Hong Kong protests, among other factors.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, premarket, american, reported, beat, surgical, cocacola, revenue, forecasts, cents, estimates, express, etrade, quarterly, biggest, share, stocks, making, profit


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Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.” “We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect


Citi upgraded Altria and said it thinks cigarette volumes will “improve.”
“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook.
However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes.
The stock is below our target and we think it no longer looks expensive relative to overseas peers.
Unfortunately we expect
Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


Here are the biggest analyst calls of the day: Macy's, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.”

“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect the short-term newsflow (on FDA regulation and earnings) to be difficult.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


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Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.” “We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect


Citi upgraded Altria and said it thinks cigarette volumes will “improve.”
“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook.
However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes.
The stock is below our target and we think it no longer looks expensive relative to overseas peers.
Unfortunately we expect
Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


Here are the biggest analyst calls of the day: Macy's, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.”

“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect the short-term newsflow (on FDA regulation and earnings) to be difficult.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


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Stocks making the biggest moves midday: Johnson & Johnson, Coca-Cola, L Brands & more

In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California. Intuitive Surgical — Intuitive Surgical popped more than 5.5% after it reported quarterly profit of $3.43 per share, beating consensus estimates. The designer of robotic surgical devices saw sales beat estimates, with procedures involving its flagship Da Vinci growing nearly 20% on a year-over-year basis. Johnson & Johnson — The Dow component


In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California.
Intuitive Surgical — Intuitive Surgical popped more than 5.5% after it reported quarterly profit of $3.43 per share, beating consensus estimates.
The designer of robotic surgical devices saw sales beat estimates, with procedures involving its flagship Da Vinci growing nearly 20% on a year-over-year basis.
Johnson & Johnson — The Dow component
Stocks making the biggest moves midday: Johnson & Johnson, Coca-Cola, L Brands & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: thomas franck
Keywords: news, cnbc, companies, midday, shares, stock, estimates, share, brands, biggest, stocks, firm, moves, company, surgical, saw, johnson, cocacola, making, sales


Stocks making the biggest moves midday: Johnson & Johnson, Coca-Cola, L Brands & more

In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California.

Check out the companies making headlines in midday trading:

Coca-Cola — Shares of Coca-Cola jumped more than 2.5% in midday trading after the beverage company said in its third-quarter earnings report that demand for Coke Zero Sugar is driving better revenues. Despite as-expected profit figures, investors snapped up KO shares after its sugarless drink again saw double-digit volume growth.

L Brands — The retailer plunged more than 7.5% following a downgrade to underperform at Credit Suisse. The firm said the company is currently facing a “multitude of challenges,” particularly when it comes to underperforming Victoria’s Secret where the space “is getting more competitive by the day.” The firm also downgraded Macy’s and Gap to underperform.

Intuitive Surgical — Intuitive Surgical popped more than 5.5% after it reported quarterly profit of $3.43 per share, beating consensus estimates. The designer of robotic surgical devices saw sales beat estimates, with procedures involving its flagship Da Vinci growing nearly 20% on a year-over-year basis. UBS raised its price target on the stock to $590 following the results, implying 11% upside from Thursday’s close.

Johnson & Johnson — The Dow component’s stock fell more than 4% on news the company is recalling baby powder after discovering traces of asbestos in it. Johnson & Johnson also said it is working with the Food and Drug Administration in its investigation on the matter.

Chipotle Mexican Grill — Shares of the restaurant chain gained more than 1% after Bank of America upgraded the stock to a neutral rating. The firm said that sales momentum and a drop in avocado prices will power the stock higher.

E*Trade Financial – E*Trade jumped 5% after the brokerage reported quarterly earnings of $1.08 per share, 7 cents a share above estimates. The company, which also topped revenue expectations, said it plans to take more market share in the new zero-commission landscape.

CrowdStrike – Shares of cybersecurity technology company CrowdStrike fell to a 52-week low of $46.90 on Friday after Citi initiated coverage of the stock with a sell rating. The brokerage said CrowdStrike won’t be able to sustain the current pace of growth and is likely too expensive relative to normal software multiples. The stock was last seen down 6.7% after falling more than 7% at its lows.

– CNBC’s Pippa Stevens and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: thomas franck
Keywords: news, cnbc, companies, midday, shares, stock, estimates, share, brands, biggest, stocks, firm, moves, company, surgical, saw, johnson, cocacola, making, sales


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A therapist shares the biggest mistake people with low emotional intelligence make: ‘It always backfires’

When I ask people what comes to mind when they think about “emotional intelligence,” their answers are often centered around themselves. It all adds up to the common misconception that emotional intelligence is about examining oneself — my emotions, my feelings, my approach to others. EQ = self + relationships + environmentThis isn’t surprising: Most of the literature out there focuses on how people can build emotional intelligence for their own benefit. People with low emotional intelligence (o


When I ask people what comes to mind when they think about “emotional intelligence,” their answers are often centered around themselves.
It all adds up to the common misconception that emotional intelligence is about examining oneself — my emotions, my feelings, my approach to others.
EQ = self + relationships + environmentThis isn’t surprising: Most of the literature out there focuses on how people can build emotional intelligence for their own benefit.
People with low emotional intelligence (o
A therapist shares the biggest mistake people with low emotional intelligence make: ‘It always backfires’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kerry goyette
Keywords: news, cnbc, companies, shares, low, alex, change, work, mistake, biggest, team, environment, intelligence, needed, feedback, wanted, backfires, therapist, emotional


A therapist shares the biggest mistake people with low emotional intelligence make: 'It always backfires'

When I ask people what comes to mind when they think about “emotional intelligence,” their answers are often centered around themselves. I hear things things like “knowing my personal competencies,” “being self-aware” or “managing my emotions.” It all adds up to the common misconception that emotional intelligence is about examining oneself — my emotions, my feelings, my approach to others.

EQ = self + relationships + environment

This isn’t surprising: Most of the literature out there focuses on how people can build emotional intelligence for their own benefit. The typical advice often follows a similar pattern: do some soul-searching to understand yourself better, practice expressing empathy, then benefit by earning the trust of your employees or getting a promotion. People with low emotional intelligence (or lack it entirely) often make the mistake of only recognizing and exercising their own emotional strengths. As a result, they fail to truly connect with their environment and the people around them — and it always backfires in one way or another. The most emotionally intelligent people know that in addition to understanding their own emotions, it’s important to perceive the emotions of others, and the way that their environment impacts those emotions.

Case study: when ‘we’ works for everyone

Recently, I was called in to work with an engineering plant to help them improve their teams and systems. The products this company makes have very little room for error, and the stakes are high. If the team isn’t accurate, then errors can cause a lot of harm. One of the company’s problems had to do with a manager, whom I’ll call “Alex.” Alex was a people-pleaser — a nice guy who connected his self-worth to whether or not people liked him.

Our emotional intelligence exists within an ecosystem.

When his team members wanted feedback to improve their work and reduce errors, they went around Alex and asked his boss or other employees for help. They knew that going to Alex would mean only praise, whether or not it was warranted. He failed to give constructive feedback, which inevitably resulted in problems. Alex had, in effect, lost credibility and trust with his team, so everything around him had started to unravel. At first it was slow, but like water swirling around a drain, it started to move more and more quickly. If we were to apply the common misconception about emotional intelligence here, we might say Alex needed to take a hard look at himself and realize that he was people-pleasing because of a need to be liked, and that need was harming the work culture and the company. We might even remind Alex that it’s impossible to please everyone, and that trying to do so was damaging his work and his relationships with others. This strategy might work — but only for a short amount of time. In fact, the team leaders had already tried telling Alex to change. It failed for a predictable reason: telling someone to change without helping them to change their environment rarely leads to success. If you wanted to quit eating junk food, for example, would you continue to buy chips and candy? Or would you try to change what’s in your kitchen? What wasn’t being considered was the “why” behind Alex’s people-pleasing. They didn’t have a system in place to show him the impact and cost of covering for his employees. He needed to change, but he needed his environment to support that change. By the time I was asked to work with the executives at Alex’s company, they were facing high rates of turnover and low employee engagement across the board.

…telling someone to change without helping them to change their environment rarely leads to success.

One executive voiced her lack of trust in Alex because he had attempted to protect an employee by covering up their error-ridden work. Alex had claimed, “We can’t expect this person to be perfect.” It left the other executives wondering if they could trust Alex at all. They felt they needed a management team that consistently held people accountable. The company had invested a lot of time, energy and resources in Alex. They didn’t want to see him go; they just wanted to see some improvement. So we focused on the three core elements of change: Self-recognition: We spent time doing one-on-one individual work so that Alex could begin to recognize when he was engaging in counterproductive behavior. Was he doing what was needed or was he just telling people what he thought they wanted to hear? Social recognition: Alex’s first assignment was to observe and investigate how his people-pleasing was impacting his team. After requesting feedback from one of the supervisors that reported to him, he was surprised and disappointed by what he heard. The supervisor recounted a recent situation when Alex reversed a tough decision to send an employee home after a safety incident. The supervisor told Alex how this had undermined him, and Alex started to see the impact of his actions. Design structure: Finally, I worked with Alex and his colleagues to create structure within his environment for addressing his people-pleasing tendencies. We designed a system for tracking accountability. Alex liked metrics, so he began to track when an issue first surfaced, the number of days until it was resolved, the resolution, and the impact to the team. The final piece was getting feedback from his team to determine if they felt the issues were resolved. Alex began to see the value in feedback and recognized that it was key to keeping him from avoiding issues. Avoiding the hard stuff was his emotional reaction — and it was a reaction rooted in fear. Once he was finally resolving issues, his team and the CEO recognized his efforts. Suddenly, positive reinforcements began coming in from all over — other executives, me, his team members. Alex started to rely less on his need for people to like him. Why? Because the environment had changed; it was now a place where objective decisions were rewarded. These weren’t earth-shattering changes. They were just relatively small habits that made a big difference.

Emotional intelligence matters


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kerry goyette
Keywords: news, cnbc, companies, shares, low, alex, change, work, mistake, biggest, team, environment, intelligence, needed, feedback, wanted, backfires, therapist, emotional


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These are the changes and challenges keeping top advisors up at night

Financial advisors do their best to counsel clients on sound approaches to financial decision making, yet no good wealth manager would claim to have a crystal ball. We asked advisors from firms that made the FA 100 list what challenges or changes they foresee. California Financial Advisors, San Ramon, California• Mark Pitre, principal: “The biggest challenge going forward is trying to educate younger generations that there is no short cut to financial independence. I think for asset managers you


Financial advisors do their best to counsel clients on sound approaches to financial decision making, yet no good wealth manager would claim to have a crystal ball.
We asked advisors from firms that made the FA 100 list what challenges or changes they foresee.
California Financial Advisors, San Ramon, California• Mark Pitre, principal: “The biggest challenge going forward is trying to educate younger generations that there is no short cut to financial independence.
I think for asset managers you
These are the changes and challenges keeping top advisors up at night Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, financial, changes, advisory, managers, list, biggest, keeping, going, challenges, younger, night, advisors, investment, firms


These are the changes and challenges keeping top advisors up at night

Financial advisors do their best to counsel clients on sound approaches to financial decision making, yet no good wealth manager would claim to have a crystal ball. The only certainty is that no one can predict the future or time the market.

Any advisor worth his or her salt — including the leading wealth managers that made the CNBC FA 100 list for 2019 — can make an educated guess or two about where the financial advice industry might be headed.

We asked advisors from firms that made the FA 100 list what challenges or changes they foresee. Their replies follow.

California Financial Advisors, San Ramon, California

• Mark Pitre, principal: “The biggest challenge going forward is trying to educate younger generations that there is no short cut to financial independence. Many 35-year-old, and younger, individuals have never seen a down market … and they have grown up embracing debt. As such, they are ill prepared to endure any challenging economic [or] financial time.

“They need to follow three guiding principles: One, work hard. Two, save money. And three, spend on needs, not wants. The ability to educate younger individuals about these principles is an ongoing struggle.”

More from Financial Advisor 100:

CNBC FA 100 2019 list of top-rated financial advisory firms

Top-ranked advisory firms help meet their client’s financial goals

‘Personal touch’ will still dominate financial advice space

Dana Investment Advisors, Waukesha, Wisconsin

• Mark Mirsberger, CEO: “The biggest challenge is probably dealing with significant fee compression in the face of rapidly rising research, regulatory and technology costs. You saw it [recently] with the brokers eliminating trade commission so … they’re going to have to find different revenue streams. I think for asset managers you’ve seen it within mutual funds and ETFs and now even with advisory firms, fees are going down … and pretty quickly. People are even discounting, at some level, how they even value advice. ‘I’ll just buy this basket of ETFs; what could be wrong with that?’

“The biggest change and opportunity is investors looking to invest according to their values, and managers’ ability to integrate ESG analysis to improve investment research and improve risk adjusted returns. The next generation, and even the older generations, are understanding that, whether you completely buy into global warming or not, there are trends. People want to make a difference and leave the world better. They want to be consistent with their values. I think that’s consistent with social networking and people wanting to be with people like them and live and breathe their beliefs.”

Gofen & Glossberg, Chicago

• Charles S. Gofen, principal: “One of the biggest challenges facing investment advisory firms today is disintermediation. People can invest by themselves rather than hiring an investment professional to manage their money. They can use exchange-traded funds to achieve diversification at a low cost, and as of – I don’t know, last week? — they don’t even have to pay trading commissions anymore.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, financial, changes, advisory, managers, list, biggest, keeping, going, challenges, younger, night, advisors, investment, firms


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Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS


Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.
Brendan McDermid | REUTERS
Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.

Brendan McDermid | REUTERS


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


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Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS


Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.
Brendan McDermid | REUTERS
Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.

Brendan McDermid | REUTERS


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


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Stocks making the biggest moves midday: Netflix, Morgan Stanley, IBM, Honeywell & more

Even as the stock rose, Macquarie Research downgraded its rating of the streaming service to neutral from outperform, saying the company’s quarterly results were “comforting, but competition is coming.” Morgan Stanley – The bank’s stock rose 2% after reporting third-quarter profits of $2.2 billion, beating expectations set by a Refinitiv survey of analysts. Morgan Stanley delivered $10.1 billion in revenue for the quarter, topping expectations by about half a billion dollars, which the bank said


Even as the stock rose, Macquarie Research downgraded its rating of the streaming service to neutral from outperform, saying the company’s quarterly results were “comforting, but competition is coming.”
Morgan Stanley – The bank’s stock rose 2% after reporting third-quarter profits of $2.2 billion, beating expectations set by a Refinitiv survey of analysts.
Morgan Stanley delivered $10.1 billion in revenue for the quarter, topping expectations by about half a billion dollars, which the bank said
Stocks making the biggest moves midday: Netflix, Morgan Stanley, IBM, Honeywell & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, stock, morgan, earnings, wall, revenue, biggest, netflix, moves, stanley, rose, thirdquarter, quarter, expectations, honeywell, analysts, streets, ibm, midday, making


Stocks making the biggest moves midday: Netflix, Morgan Stanley, IBM, Honeywell & more

Check out the companies making headlines in midday trading:

Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth. Even as the stock rose, Macquarie Research downgraded its rating of the streaming service to neutral from outperform, saying the company’s quarterly results were “comforting, but competition is coming.”

Morgan Stanley – The bank’s stock rose 2% after reporting third-quarter profits of $2.2 billion, beating expectations set by a Refinitiv survey of analysts. Morgan Stanley delivered $10.1 billion in revenue for the quarter, topping expectations by about half a billion dollars, which the bank said was its best third quarter for revenue in a decade.

International Business Machines – Shares of IBM fell 5.5% after the company reported third-quarter revenues that missed Wall Street’s expectations for the fifth straight quarter, according to analysts surveyed by Refintiv. IBM’s software business performed notably worse than expected, even as its recently-acquired Red Hat saw solid revenue growth.

Honeywell – The aerospace giant’s stock rose 3% after Honeywell raised its forecast for fiscal year earnings after reporting better than anticipated third-quarter earnings. Even as Honeywell saw lower organic sales growth, analysts were upbeat about the company’s strong guidance according to FactSet.

Chipotle Mexican Grill – Chipotle’s share rose 1.2% in midday trading after Evercore said a “reasonable” five-year price target for the stock is $1,600 per share, about double its current price of $830. Analyst David Palmer wrote that the company should be able to generate better financial results thanks to the development of its digital platform.

CSX – Shares of CSX rose 2.7% after beating Wall Street’s expectations for earnings and operating income, as revenue came in as expected, according to analysts surveyed by Refinitiv. The rail company saw its operating ratio fall to 56.8% in the third quarter, which is a key measure of profits for railroads.

– CNBC’s Tom Franck and Hugh Son contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, stock, morgan, earnings, wall, revenue, biggest, netflix, moves, stanley, rose, thirdquarter, quarter, expectations, honeywell, analysts, streets, ibm, midday, making


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Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more

The online brokerage firm posted earnings of $1.08 per share on revenue of $767 million, while Wall Street expected earnings of $1.01 per share and revenue of $743 million. The company’s shares are down more than 25% year to date and reports fourth-quarter earnings on Oct. 22. Intuitive Surgical shares jumped nearly 4% after the company announced better-than-expected earnings for its third quarter. The robotic surgical device company reported earnings of $3.43 per share, far exceeding analyst ex


The online brokerage firm posted earnings of $1.08 per share on revenue of $767 million, while Wall Street expected earnings of $1.01 per share and revenue of $743 million.
The company’s shares are down more than 25% year to date and reports fourth-quarter earnings on Oct. 22.
Intuitive Surgical shares jumped nearly 4% after the company announced better-than-expected earnings for its third quarter.
The robotic surgical device company reported earnings of $3.43 per share, far exceeding analyst ex
Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: ganesh setty
Keywords: news, cnbc, companies, hours, cents, shares, company, wall, att, etrade, revenue, quarter, making, billion, million, biggest, surgical, share, intuitive, earnings, stocks, moves


Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more

Check out the companies making headlines after the bell:

Shares of E-Trade whipsawed during extended trade Thursday, initially climbing 4% before settling more than 1% below its closing price following the company’s third-quarter earnings beat. The online brokerage firm posted earnings of $1.08 per share on revenue of $767 million, while Wall Street expected earnings of $1.01 per share and revenue of $743 million.

Shares of TD Ameritrade similarly dipped 1% in extended trading. Immediately after the market close, shares first briefly rose. The company’s shares are down more than 25% year to date and reports fourth-quarter earnings on Oct. 22.

AT&T shares rose 1% following a Wall Street Journal report that the company is in talks with Elliott Management to resolve the activist hedge fund’s campaign for change at the telecom and media giant. Elliott took a $3.2 billion stake in AT&T in September and said the company could be worth at least $60 per share if it trimmed unneeded assets.

Intuitive Surgical shares jumped nearly 4% after the company announced better-than-expected earnings for its third quarter. The robotic surgical device company reported earnings of $3.43 per share, far exceeding analyst expectations of $2.99 per share. Revenue came in at $1.13 billion, compared to the $1.06 billion projected by analysts, according to Refinitiv.

Atlassian shares dropped 6% after the bell before rising 2% above its closing price when the company improved its second-quarter outlook and reported better-than-expected earnings for its first quarter. The Australia-based software company projects revenue in the second quarter between $386 million and $390 million and adjusted earnings of approximately 27 cents per share, compared to Wall Street’s forecast of $382 million in revenue and earnings of 26 cents per share, according to Refinitiv consensus estimates.

For its first quarter, Atlassian posted an EPS of 28 cents on revenue of $363 million, exceeding analysts’ expectations of 24 cents per share and revenue of $352 million, according to Refinitiv.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: ganesh setty
Keywords: news, cnbc, companies, hours, cents, shares, company, wall, att, etrade, revenue, quarter, making, billion, million, biggest, surgical, share, intuitive, earnings, stocks, moves


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