Honeywell profit beats on strong aerospace and warehouse automation sales

Honeywell beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production. Sales in safety and productivity solutions unit, which houses the warehouse automation business, climbed 11 percent to $1.58 billion, while margins jumped 150 basis points to 16.6 percent. Excluding items, Honeywell earned $2.03 per share, beating analysts’ average estimate of $1.99 per sha


Honeywell beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production. Sales in safety and productivity solutions unit, which houses the warehouse automation business, climbed 11 percent to $1.58 billion, while margins jumped 150 basis points to 16.6 percent. Excluding items, Honeywell earned $2.03 per share, beating analysts’ average estimate of $1.99 per sha
Honeywell profit beats on strong aerospace and warehouse automation sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: alwyn scott
Keywords: news, cnbc, companies, company, unit, profit, aerospace, aircraft, strong, honeywell, share, sales, business, margins, beats, automation, billion, fullyear, warehouse


Honeywell profit beats on strong aerospace and warehouse automation sales

Honeywell beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production.

Shares of Honeywell, which makes everything from aircraft engines to catalysts used in petroleum refining, were up 2.5 percent at $159 in premarket trading.

Honeywell has benefited from a rise in global travel that has driven record orders for jets, leading to robust demand for its avionics, braking systems and other aircraft parts.

Recovering demand for business jets, for which the company makes engines, thanks to a tax windfall handed to Corporate America by President Donald Trump in January, has also helped the company.

Sales at the aviation unit, the company’s biggest business, rose 10 percent to $4.03 billion. Margins expanded by 80 basis points to 22.1 percent in the third quarter ended Sept. 30.

Honeywell’s results come a day after Cessna jet maker Textron, one of its customers, reported a 12.5 percent growth in its backlog at $1.8 billion, citing an improving business jet market.

The company has also taken advantage of a boom in e-commerce as it supplies warehouse automation equipment and software to customers such as Amazon.com.

Sales in safety and productivity solutions unit, which houses the warehouse automation business, climbed 11 percent to $1.58 billion, while margins jumped 150 basis points to 16.6 percent.

Excluding items, Honeywell earned $2.03 per share, beating analysts’ average estimate of $1.99 per share, according to Refinitiv data.

The company’s revenue rose 6.3 percent to $10.76 billion, topping the consensus of $10.75 billion.

Honeywell increased the low end of its 2018 adjusted free cash flow to $5.8 billion from $5.6 billion, while keeping the top end unchanged at $6.2 billion.

The company now expects full-year margins to rise 19.5-19-6 percent, up from 19.4-19.6 percent. Excluding the impact of divestitures, Honeywell said its full-year earnings will be in a range of $7.95 to $8.00 per share.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: alwyn scott
Keywords: news, cnbc, companies, company, unit, profit, aerospace, aircraft, strong, honeywell, share, sales, business, margins, beats, automation, billion, fullyear, warehouse


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Dow rises more than 100 points as Procter & Gamble surges on earnings

The 30-stock index climbed 109 points, led by a 7.8 percent surge in Procter & Gamble shares. The stock surged after Procter posted better-than-expected earnings. American Express, PayPal and Skechers all posted on Thursday earnings that topped analyst expectations. Their shares rose 3.9 percent, 8.2 percent and 13 percent, respectively. “The underpinnings of the economy are still in place and earnings are still good,” said Quincy Krosby, chief market strategist at Prudential Financial.


The 30-stock index climbed 109 points, led by a 7.8 percent surge in Procter & Gamble shares. The stock surged after Procter posted better-than-expected earnings. American Express, PayPal and Skechers all posted on Thursday earnings that topped analyst expectations. Their shares rose 3.9 percent, 8.2 percent and 13 percent, respectively. “The underpinnings of the economy are still in place and earnings are still good,” said Quincy Krosby, chief market strategist at Prudential Financial.
Dow rises more than 100 points as Procter & Gamble surges on earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, procter, surges, earnings, sp, shares, gamble, 100, market, points, posted, rises, reported, strong, rose, dow, topped


Dow rises more than 100 points as Procter & Gamble surges on earnings

Lebenthal says we’re in a rolling bear market right now 2 Hours Ago | 03:33

The Dow Jones Industrial Average rose on Friday on the back of strong earnings from Procter & Gamble as Wall Street tried to regain its footing after a sharp sell-off in the prior session.

The 30-stock index climbed 109 points, led by a 7.8 percent surge in Procter & Gamble shares. The stock surged after Procter posted better-than-expected earnings. The company said it got a boost from strong beauty-product sales.

Honeywell and Schlumberger also reported better-than-forecast profits. American Express, PayPal and Skechers all posted on Thursday earnings that topped analyst expectations. Their shares rose 3.9 percent, 8.2 percent and 13 percent, respectively.

The corporate earnings season is off to a strong start. With more than 15 percent of S&P 500 companies having reported, 83 percent have topped analyst expectations, according to FactSet.

The S&P 500, meanwhile, climbed 0.2 percent as the consumer staples sector outperformed. The Nasdaq Composite fell 0.1 percent, however, giving up a more than 1 percent gain.

“The underpinnings of the economy are still in place and earnings are still good,” said Quincy Krosby, chief market strategist at Prudential Financial. “The market is not going to have an immediate recovery; it tends to bounce.”


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: fred imbert, brendan mcdermid
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Skechers jumps after strong third-quarter profits and future guidance

Skechers shares jumped as much as 8 percent in after-hours trading Thursday following the release of the company’s third quarter earnings report that beat profit estimates. Revenue missed expectations however, with Skechers reporting $1.18 billion, while Wall Street expected $1.22 billion, according to a Refinitiv consensus estimate. Skechers also offered strong future guidance for revenue and earnings per share in the fourth quarter. The company expects earnings between 20 cents and 25 cents pe


Skechers shares jumped as much as 8 percent in after-hours trading Thursday following the release of the company’s third quarter earnings report that beat profit estimates. Revenue missed expectations however, with Skechers reporting $1.18 billion, while Wall Street expected $1.22 billion, according to a Refinitiv consensus estimate. Skechers also offered strong future guidance for revenue and earnings per share in the fourth quarter. The company expects earnings between 20 cents and 25 cents pe
Skechers jumps after strong third-quarter profits and future guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: carmin chappell, scott mlyn
Keywords: news, cnbc, companies, analysts, guidance, expected, jumps, skechers, quarter, strong, future, earnings, according, cents, revenue, billion, thirdquarter, profits, share


Skechers jumps after strong third-quarter profits and future guidance

Skechers shares jumped as much as 8 percent in after-hours trading Thursday following the release of the company’s third quarter earnings report that beat profit estimates.

The shoe company reported earnings of 58 cents per share for the third quarter, higher than the 51 cents analysts had expected, according to a Refinitiv consensus estimate. Revenue missed expectations however, with Skechers reporting $1.18 billion, while Wall Street expected $1.22 billion, according to a Refinitiv consensus estimate.

Skechers also offered strong future guidance for revenue and earnings per share in the fourth quarter. The company expects earnings between 20 cents and 25 cents per share, compared to the 18 cents per share expected by analysts polled by Refinitiv.

For revenue, Skechers expects to bring in $1.1 billion to $1.125 billion in the fourth quarter, while analysts had estimated just $1.08 billion, according to Refinitiv.

Shares of Skechers closed down 2 percent on Thursday at $26.12 per share. The stock is down 30 percent this year.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: carmin chappell, scott mlyn
Keywords: news, cnbc, companies, analysts, guidance, expected, jumps, skechers, quarter, strong, future, earnings, according, cents, revenue, billion, thirdquarter, profits, share


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United Airlines’ shares surge as strong travel demand offsets higher fuel prices

“As was the case in July, we’re struggling to find things to complain about, despite our most cantankerous efforts. United expects to offset about 90 percent of the increase in fuel prices this year, the airline said in a presentation its executives will discuss with analysts on a 10:30 a.m. The airline’s shares are up more than 30 percent so far this year, an outlier among carriers that have largely struggled as investors fretted about fuel costs, generally big airlines’ second-largest expense


“As was the case in July, we’re struggling to find things to complain about, despite our most cantankerous efforts. United expects to offset about 90 percent of the increase in fuel prices this year, the airline said in a presentation its executives will discuss with analysts on a 10:30 a.m. The airline’s shares are up more than 30 percent so far this year, an outlier among carriers that have largely struggled as investors fretted about fuel costs, generally big airlines’ second-largest expense
United Airlines’ shares surge as strong travel demand offsets higher fuel prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: leslie josephs
Keywords: news, cnbc, companies, far, united, offset, higher, shares, strong, travel, airline, surge, offsets, airlines, increase, fuel, trading, prices, demand


United Airlines' shares surge as strong travel demand offsets higher fuel prices

The biggest winner among U.S. airline stocks this year just got another boost.

Shares of United Continental Holdings, the parent of United Airlines, surged more than 5 percent in morning trading Wednesday after the carrier lifted its profit outlook for the third time this year and said it was able to offset a more than 30 percent increase in its fuel bill thanks to strong demand and higher airfares.

“As was the case in July, we’re struggling to find things to complain about, despite our most cantankerous efforts. With many investors having questioned whether [United’s] sector-trouncing equity outperformance might stall into year-end, we believe these results strongly suggest the contrary,” said J.P. Morgan Chase senior airline analyst Jamie Baker.

United expects to offset about 90 percent of the increase in fuel prices this year, the airline said in a presentation its executives will discuss with analysts on a 10:30 a.m. ET call on Wednesday.

The airline’s shares are up more than 30 percent so far this year, an outlier among carriers that have largely struggled as investors fretted about fuel costs, generally big airlines’ second-largest expense after employee salaries. The NYSE Arca Airline Index, which tracks 15 carriers, is down more than 14 percent so far this year, while the S&P 500 is up more than 5 percent.

Recent airline reports could give the sector a lift.

Delta Air Lines also noted sharp increase in demand, particularly for its premium seats such as those in business class, that is helping it offset higher fuel costs.

On Wednesday, Deutsche Bank upgraded Delta, whose shares are down more than 3 percent so far this year and American Airlines, whose shares are off more than 34 percent, to “buy,” citing solid travel demand from consumers and the recent stock slide as “attractive entry point.”

Delta shares were up 1.7 percent in morning trading, while American was up by roughly 2 percent.

American Airlines reports its third-quarter earnings on Oct. 25.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: leslie josephs
Keywords: news, cnbc, companies, far, united, offset, higher, shares, strong, travel, airline, surge, offsets, airlines, increase, fuel, trading, prices, demand


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The stock market’s all-time highs are behind it, Invesco warns

Stocks may be coming off their best day in almost seven months, but Invesco has a warning for investors: Don’t get too complacent. “I don’t think we’re going to hit any new highs this year, and I do expect a lot of turbulence,” Hooper said Tuesday on CNBC’s “Futures Now.” But she doesn’t see strong numbers as a powerful enough catalyst to return stocks to new highs. “I do think stocks will ultimately end higher than where we are today because of earnings,” said Hooper. “I do believe it could hav


Stocks may be coming off their best day in almost seven months, but Invesco has a warning for investors: Don’t get too complacent. “I don’t think we’re going to hit any new highs this year, and I do expect a lot of turbulence,” Hooper said Tuesday on CNBC’s “Futures Now.” But she doesn’t see strong numbers as a powerful enough catalyst to return stocks to new highs. “I do think stocks will ultimately end higher than where we are today because of earnings,” said Hooper. “I do believe it could hav
The stock market’s all-time highs are behind it, Invesco warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: stephanie landsman, getty images, susana vera, drew angerer, getty images news, david a grogan
Keywords: news, cnbc, companies, thats, earnings, hooper, invesco, alltime, months, stocks, market, strong, markets, think, lot, trade, highs, stock, warns


The stock market's all-time highs are behind it, Invesco warns

Stocks may be coming off their best day in almost seven months, but Invesco has a warning for investors: Don’t get too complacent.

According to the firm’s chief global market strategist, Kristina Hooper, the comeback will be short-lived.

“I don’t think we’re going to hit any new highs this year, and I do expect a lot of turbulence,” Hooper said Tuesday on CNBC’s “Futures Now.”

Those thoughts came as the Dow surged 547 points, or 2.17 percent, on strong quarterly earnings results from names such as Goldman Sachs, Morgan Stanley and Johnson & Johnson. The Dow closed at 25,798.42, and the S&P 500 jumped, closing up 2.1 percent to 2,809.92.

Hooper expects earnings to be a positive near-term market force. But she doesn’t see strong numbers as a powerful enough catalyst to return stocks to new highs.

She believes the trade war remains the elephant in the room despite the recent progress the U.S. made with Mexico and Canada.

“The U.S. has now cleared the deck and can focus more entirely on China. That’s not a good thing, and so I would expect there to continue to be heat,” Hooper said.

Hooper’s assessment of the markets has been on target. On “Futures Now” last month, she said the record stock market run could end in October. She predicted a 5 to 10 percent downdraft that would be followed by a “swift recovery.

And, she’s sticking with that forecast.

“I do think stocks will ultimately end higher than where we are today because of earnings,” said Hooper.

Yet, she went on to call next year “incredibly murky” for the market.

“There’s not a lot of visibility about next year because we have one key issue standing between us and next year, and that’s the midterm elections,” Hooper said. “I do believe it could have an impact on how events unfold over the next several months — particularly trade.”


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: stephanie landsman, getty images, susana vera, drew angerer, getty images news, david a grogan
Keywords: news, cnbc, companies, thats, earnings, hooper, invesco, alltime, months, stocks, market, strong, markets, think, lot, trade, highs, stock, warns


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Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high

The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market. Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Rates have moved 22 basis points higher in the past four weeks and have jumped 96 points in the past year. Mortgage applications to purchase a home also fell sharply, down 6 percent for the week. Homebuyer


The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market. Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Rates have moved 22 basis points higher in the past four weeks and have jumped 96 points in the past year. Mortgage applications to purchase a home also fell sharply, down 6 percent for the week. Homebuyer
Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: diana olick
Keywords: news, cnbc, companies, interest, rates, mortgage, 8year, volume, strong, weekly, applications, surge, near, tank, high, fell, points, week, supply, rate, higher


Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high

The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market.

Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. There was no adjustment made for the holiday. Volume was 15 percent lower compared with the same week one year ago.

Applications to refinance a home loan, which are highly sensitive to even the smallest rate moves, fell 9 percent for the week and were 33.5 percent lower than a year ago. Rates have moved 22 basis points higher in the past four weeks and have jumped 96 points in the past year. With fewer borrowers now able to benefit, refinance volume, which had been the majority of mortgage business following the recession, fell to 38.1 percent of total applications from 39 percent the previous week.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since February 2011, 5.10 percent, from 5.05 percent, with points increasing to 0.55 from 0.51 (including the origination fee) for loans with 20 percent down payments.

“Treasury rates increased over the week, mainly as communication from Federal Reserve officials pointed to a continued path of rate hikes, based on the strength of the economy and hot job market,” said Joel Kan, an MBA economist. “Furthermore, four out of the five rates tracked in our survey increased.”

Mortgage applications to purchase a home also fell sharply, down 6 percent for the week. They were 2.5 percent higher compared with the same week one year ago. Homebuyer demand is strong, but affordability was weakening even before rates began to rise, as tight supply pushed home prices sharply higher. The combination now of high prices and rising rates is clearly throwing cold water on the heat in housing earlier this year.

Mortgage bankers meeting at the MBA’s annual convention this week expressed concern about shrinking volume and shrinking profits, but the association’s new CEO, Robert Broeksmit, had a brighter outlook.

“Well of course I’m concerned, but I’m optimistic because the economy is so strong and the millennials are out buying houses and the demand is so high. We do have to work on the supply side,” said Broeksmit. “I think what you’ll see is as the rates continue to tick up, home price appreciation, the pace will slow, and there will be an equilibrium over time.”


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: diana olick
Keywords: news, cnbc, companies, interest, rates, mortgage, 8year, volume, strong, weekly, applications, surge, near, tank, high, fell, points, week, supply, rate, higher


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Amazon, Illumina among Wall Street analysts’ favorite stocks to buy on this market dip

This comes with a bullish $375 price target (15 percent higher than its current trading price). In the last three months, analysts have published seven buy ratings and one hold rating. Meanwhile the average analyst price target stands at $350 (7 percent upside potential). Stifel Nicolaus analyst Scott Devitt (Track Record & Ratings) is now out with the stock’s highest price target, at $2,525. These analysts have a $2,195 price target on AMZN (19 percent upside potential).


This comes with a bullish $375 price target (15 percent higher than its current trading price). In the last three months, analysts have published seven buy ratings and one hold rating. Meanwhile the average analyst price target stands at $350 (7 percent upside potential). Stifel Nicolaus analyst Scott Devitt (Track Record & Ratings) is now out with the stock’s highest price target, at $2,525. These analysts have a $2,195 price target on AMZN (19 percent upside potential).
Amazon, Illumina among Wall Street analysts’ favorite stocks to buy on this market dip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: harriet lefton, lucas jackson, sam hodgson, jaap arriens, nurphoto, getty images, josh edelson, afp
Keywords: news, cnbc, companies, target, amazon, price, strong, sequencing, stocks, wall, buy, stock, analysts, market, devitt, street, analyst, illumina, favorite, ratings, dip


Amazon, Illumina among Wall Street analysts' favorite stocks to buy on this market dip

Illumina (ILMN)

Illumina is a global leader in genomics, grappling with questions like ‘what causes cancer cells to mutate.” Its sequencing technologies enable us to understand genetic variations in health, disease and drug response.

Canaccord Genuity’s Mark Massaro (Track Record & Ratings) has just reiterated his buy rating on the stock. This comes with a bullish $375 price target (15 percent higher than its current trading price).

The analyst recently wrote: “No fault of its own, ILMN is down 21% since reaching $372/share just 9 days ago. We would buy ILMN right here, as ILMN, the dominant leader in sequencing, is powering huge population sequencing projects around the world at a scale never seen before.”

Overall, this stock earns a strong buy consensus rating on TipRanks. In the last three months, analysts have published seven buy ratings and one hold rating. Meanwhile the average analyst price target stands at $350 (7 percent upside potential).

Amazon (AMZN)

E-commerce giant Amazon has slipped recently. The shares are down 8 percent in the last month, but the fundamental outlook remains as strong as ever.

Stifel Nicolaus analyst Scott Devitt (Track Record & Ratings) is now out with the stock’s highest price target, at $2,525. That is 38 percent above from current levels. Devitt also added the stock to the firm’s elite Select List, bumping out Alibaba in the process.

“We are replacing Alibaba with Amazon on the Stifel Select List in light of greater near-term optimism for Amazon, an uncertain China macro environment, and the opportunity created by recent AMZN price movement” Devitt wrote on October 11.

As Devitt noted, Amazon is a leader in two large and rapidly growing markets, e-commerce and cloud services. Moreover, its developing ad business is well-positioned to deliver strong revenue growth over the intermediate to long term.

“Strong momentum in the higher-margin cloud services and advertising business are elevating the near/intermediate-term margin trajectory for the company” the Stifel analyst told investors in the report.

He sees strategic investments (think Prime membership, emerging geographies and video content) both supporting long-term growth and advancing the company’s leadership position.

In the last three months, 36 out of 37 analysts have made bullish calls on the stock. These analysts have a $2,195 price target on AMZN (19 percent upside potential).


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: harriet lefton, lucas jackson, sam hodgson, jaap arriens, nurphoto, getty images, josh edelson, afp
Keywords: news, cnbc, companies, target, amazon, price, strong, sequencing, stocks, wall, buy, stock, analysts, market, devitt, street, analyst, illumina, favorite, ratings, dip


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Strong economy is not helping GOP with gender gap

But when broken down by gender, a 50 percent majority of women say the economy is fair or poor, and 48 percent of women say the state of the economy is excellent or good. This gender gap comes despite a booming economy, with the unemployment rate near 50-year lows and gross domestic product soaring above trend to 4.2 percent in the last quarter. This will bring little cheer to the Republicans who have been struggling with a gender gap for decades. The strong economy does not seem to be helping b


But when broken down by gender, a 50 percent majority of women say the economy is fair or poor, and 48 percent of women say the state of the economy is excellent or good. This gender gap comes despite a booming economy, with the unemployment rate near 50-year lows and gross domestic product soaring above trend to 4.2 percent in the last quarter. This will bring little cheer to the Republicans who have been struggling with a gender gap for decades. The strong economy does not seem to be helping b
Strong economy is not helping GOP with gender gap Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: hailey lee, geoff robins, afp, getty images
Keywords: news, cnbc, companies, economic, women, voters, strong, say, gender, helping, economy, gap, thats, men, optimism, gop


Strong economy is not helping GOP with gender gap

With just a few weeks left before voters head to the polls, the CNBC All-America Economic Survey finds a widening gender gap in views on the economy as well as on the midterm election.

Overall, economic optimism in the country is at historic highs. The poll of 800 voting-age Americans finds that 48 percent are optimistic about the economy now and for the future, which is a record high in the poll’s 11-year history.

But when broken down by gender, a 50 percent majority of women say the economy is fair or poor, and 48 percent of women say the state of the economy is excellent or good. That’s compared with a 70 percent majority of men who say the economy is excellent or good, and 28 percent of men saying the economy is fair or poor.

“The environment that women are perceiving [is] way different from what men are perceiving,” said Micah Roberts, partner at Public Opinion Strategies and the Republican pollster on the survey.

This gender gap comes despite a booming economy, with the unemployment rate near 50-year lows and gross domestic product soaring above trend to 4.2 percent in the last quarter. This will bring little cheer to the Republicans who have been struggling with a gender gap for decades. The strong economy does not seem to be helping bridge that gap.

The poll, conducted Oct. 4 through Oct. 7, also finds there is a 17-point lead among female voters who say they will vote for the Democratic candidate over female voters who plan to vote for the Republican candidate.

The gap in the economic exuberance felt among men and women did not happen overnight, according to Jay Campbell, partner with Hart Research Associates and the Democratic pollster for the CNBC survey. In fact, the gap “has been growing. Women seem to be locked in and men have been growing a little bit each quarter” in their economic optimism.

While men and women both increased in their economic optimism, the 15-point gap from a year ago between the percentage of men and women who said the economy was excellent or good has now widened to 22 points. This means that men’s optimism continued to grow, while women’s optimism was more static.

And although PresidentDonald Trump isn’t on the ballot in November, the gender gap persists with voters’ views on his economic policies and temperament. Forty-three percent of women say they do not like his economic policies and they are concerned about his temperament. That’s compared with 29 percent of men who say the same.

“There’s kind of a steel wall between what the GOP can say on the economy and the perception that women have on the current state of the economy. That’s been there for awhile,” said Roberts. “Even with economic optimism growing, women are pretty much dug in. It’s an important understanding to have ahead of the election.”

WATCH: Women aren’t saving enough for retirement


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: hailey lee, geoff robins, afp, getty images
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Netflix shares soar as Wall Street gushes over strong subscriber growth

Netflix shares soared nearly 7 percent Wednesday as Wall Street gushed about its third-quarter earnings beat. Multiple analysts revised their stock price target for Netflix, with Goldman Sachs being among the most bullish, lifting its target to $480 from $430. Here’s a rundown of some other price target hikes:Morgan Stanley raised its target price to $475 from $450. Raymond James raised its target price to $435 from $400. Canaccord Genuity raised its target price to $470 from $450.


Netflix shares soared nearly 7 percent Wednesday as Wall Street gushed about its third-quarter earnings beat. Multiple analysts revised their stock price target for Netflix, with Goldman Sachs being among the most bullish, lifting its target to $480 from $430. Here’s a rundown of some other price target hikes:Morgan Stanley raised its target price to $475 from $450. Raymond James raised its target price to $435 from $400. Canaccord Genuity raised its target price to $470 from $450.
Netflix shares soar as Wall Street gushes over strong subscriber growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: ryan browne, robyn beck, afp, getty images
Keywords: news, cnbc, companies, netflix, raised, subscriber, target, users, shares, street, strong, sachs, james, price, thirdquarter, million, gushes, stock, wall, growth, soar


Netflix shares soar as Wall Street gushes over strong subscriber growth

Netflix shares soared nearly 7 percent Wednesday as Wall Street gushed about its third-quarter earnings beat.

Shares rose as much as 10 percent to $380 in morning trading before paring some gains. The stock was last seen around $368.

The U.S. streaming giant on Tuesday revealed that it had picked up 6.96 million subscribers in the third quarter of the year, against analyst expectations of a more than 5 million increase in users. The company is seeing massive growth beyond its home market, according to the numbers. Out of the 6.96 million additional users it reported, 5.87 million of those came from overseas.

Netflix’s third-quarter revenues came in line with expectations, at $4 billion, while earnings per share (EPS) beat estimates, at 89 cents versus the 68 cents forecast by analysts.

Multiple analysts revised their stock price target for Netflix, with Goldman Sachs being among the most bullish, lifting its target to $480 from $430. Here’s a rundown of some other price target hikes:

Morgan Stanley raised its target price to $475 from $450.

J.P. Morgan raised its target price to $450 from $415.

Raymond James raised its target price to $435 from $400.

Canaccord Genuity raised its target price to $470 from $450.

Both Goldman Sachs and Raymond James cut their price targets for Netflix on Tuesday, ahead of the company’s financial results.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: ryan browne, robyn beck, afp, getty images
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Dow jumps 500 points in best day since March on strong earnings

The S&P 500 gained 1.9 percent as the tech and health care sectors jumped more than 2 percent each. Both the Dow and S&P 500 were on track to post their best day since March. In the previous earnings season, the streaming giant fell sharply as its subscriber growth was less than expected. Analysts polled by FactSet expect third-quarter S&P 500 earnings to have grown by 19 percent. The Dow and S&P 500 fell more than 4 percent last week as worries over higher borrowing costs sent equities tumbling


The S&P 500 gained 1.9 percent as the tech and health care sectors jumped more than 2 percent each. Both the Dow and S&P 500 were on track to post their best day since March. In the previous earnings season, the streaming giant fell sharply as its subscriber growth was less than expected. Analysts polled by FactSet expect third-quarter S&P 500 earnings to have grown by 19 percent. The Dow and S&P 500 fell more than 4 percent last week as worries over higher borrowing costs sent equities tumbling
Dow jumps 500 points in best day since March on strong earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: fred imbert
Keywords: news, cnbc, companies, season, dow, points, earnings, fell, 500, strong, sp, tech, report, results, week, jumps, best, day


Dow jumps 500 points in best day since March on strong earnings

Why you shouldn’t panic when stocks are getting slammed 9:47 AM ET Fri, 12 Oct 2018 | 02:11

Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week’s sell-off.

The Dow Jones Industrial Average surged 500 points, with UnitedHealth outperforming. The S&P 500 gained 1.9 percent as the tech and health care sectors jumped more than 2 percent each. Both the Dow and S&P 500 were on track to post their best day since March. The Nasdaq Composite advanced 2.6 percent.

With Tuesday’s sharp gains and following a rally on Friday, the Dow has risen more than 4 percent from the lows seen last week.

Morgan Stanley jumped more than 5.5 percent after reporting better-than-expected earnings. Goldman Sachs’ profits also beat estimates, sending the stock up 2.6 percent. Dow-members Johnson & Johnson and UnitedHealth both posted better-than-expected earnings, sending their shares higher.

Kim Forrest, senior portfolio manager at Fort Pitt Capital, said more companies should report stronger-than-expected earnings moving forward. “We were overly worried about the economy at the start of October,” Forrest said. “I think the bar has been set pretty low by sell-side analysts.”

Investors will turn their eyes to Netflix after the close on Tuesday, as the company releases its quarterly results. In the previous earnings season, the streaming giant fell sharply as its subscriber growth was less than expected. The stock rose more than 2 percent ahead of the report’s release.

Investors came into the earnings season with high hopes. Analysts polled by FactSet expect third-quarter S&P 500 earnings to have grown by 19 percent.

However, Dow-component Walmart slashed its fiscal 2019 earnings forecast on Tuesday, citing its Flipkart acquisition. The earnings season comes as Wall Street tries to recover from sharp losses seen last week.

The Dow and S&P 500 fell more than 4 percent last week as worries over higher borrowing costs sent equities tumbling. The Nasdaq also fell 3.7 percent last week as tech shares dropped broadly.

But Bill Nygren, portfolio manager and chief investment officer at Harris Associates, said these worries about higher rates are misplaced.

“Over the past 50 years the 10-year bond has averaged about 6 percent and it’s at about 3 percent today,” Nygren told CNBC’s “Halftime Report” on Tuesday. “This concern about the jiggles in the 10-year rate going up 20 or 30 basis points I think is disconnected from 50 years of history of living with a bond [yield] that was much, much higher than it is today.”

Tuesday’s moves come after fell in the previous session, led by tech, continuing from their overall trend last week. The S&P 500 slipped by 0.6 percent to close at 2,750.79 while the Nasdaq composite fell by 0.9 percent to end the trading day stateside at 7,430.74. The Dow also shed 89.44 points to close at 25,250.55.

Morgan Stanley’s quarterly results were driven by a 15 percent jump in investment-banking revenue. Goldman Sachs’ investment banking business also drove it to a better-than-expected profit.

In data, job openings hit a record by surging above 7 million in August, according to the Labor Department.

“That’s very encouraging,” said Forrest of Fort Pitt Capital. “That’s the utmost in confidence, when you put up the ‘Help Wanted’ sign. It means your business is demanding growth.”

—CNBC’s Spriha Srivastava contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: fred imbert
Keywords: news, cnbc, companies, season, dow, points, earnings, fell, 500, strong, sp, tech, report, results, week, jumps, best, day


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