Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.
Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


Twitter beats analysts' earnings–Here's what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

16 Hours Ago

Twitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys


Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys
Stocks in Asia jump following better-than-expected Chinese economic data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March.

Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. The Shenzhen composite jumped 3.571 percent to 1,755.67.

Over in Hong Kong, the Hang Seng index was up 1.66 percent in its final hour of trading.

Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analysts.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.94 percent, as of 3:18 p.m. HK/SIN

The Nikkei 225 in Japan jumped 1.43 percent to close at 21,509.03 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also gained 1.52 percent to finish at 1,615.81.

Apple supplier Japan Display saw its stock surge 10.14 percent after the embattled company said it aimed to reach a financing agreement this week that would lead to a 60 to 80 billion yen (approx. $540 to $720 million) stock and bond issuance. Previous reports in January had suggested that Japan Display — suffering the impact of disappointing sales for Apple’s iPhone XR — was in advanced talks with an investor group from Taiwan and China to bail out the company.

The closely watched “tankan” survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country’s big manufacturers in the first quarter.

“The large manufacturing weakness is probably worrying for (the Bank of Japan) … in the sense that the economy isn’t picking up as quickly as perhaps as had been anticipated but the bigger issue … is not the economy,” Mitul Kotecha, senior emerging markets strategist at TD Securities, told CNBC’s “Squawk Box” on Monday.

Instead, Kotecha said inflation continues to be a bugbear for the Japanese central bank, where its target rate of 2 percent remains ever elusive.

Over in South Korea, the Kospi added 1.29 percent to finish at 2,168.28 as chipmaker SK Hynix saw its stock jump 3.23 percent.

Meanwhile, Australia’s ASX 200 rose 0.59 percent to close at 6,217.00, with most sectors seeing gains.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Lyft, DowDuPont, Wells Fargo & more

CarMax reported earnings of $1.13 per share, 9 cents higher than expected. BlackBerry reported earnings of 11 cents per share, 5 cents higher than a Refenitiv estimate, and revenue of $255 million, $13.2 million higher than estimates. Lyft — Shares of the ride-sharing company surged nearly 20 percent in its initial public offering. Progress Software — Shares of the software company surged nearly 17 percent after it posted better-than-forecast earnings. Progress reported earnings of 50 cents per


CarMax reported earnings of $1.13 per share, 9 cents higher than expected. BlackBerry reported earnings of 11 cents per share, 5 cents higher than a Refenitiv estimate, and revenue of $255 million, $13.2 million higher than estimates. Lyft — Shares of the ride-sharing company surged nearly 20 percent in its initial public offering. Progress Software — Shares of the software company surged nearly 17 percent after it posted better-than-forecast earnings. Progress reported earnings of 50 cents per
Stocks making the biggest moves midday: Lyft, DowDuPont, Wells Fargo & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: fred imbert, shannon stapleton
Keywords: news, cnbc, companies, shares, earnings, moves, midday, share, wells, reported, surged, cents, nearly, lyft, making, dowdupont, company, stocks, higher, fargo, vote, biggest


Stocks making the biggest moves midday: Lyft, DowDuPont, Wells Fargo & more

Check out the companies making headlines midday Friday:

Celgene — Shares of Celgene rose 6.58 percent after proxy advisors Institutional Shareholder Services and Glass Lewis recommended that Bristol-Myers Squibb shareholders vote in favor of its bid to buy Celgene. The recommendations come weeks before shareholders vote on the $74 billion buyout of the biotechnology company.

CarMax — CarMax jumped 8.37 percent after it reported better than expected fourth-quarter earnings. CarMax reported earnings of $1.13 per share, 9 cents higher than expected.

BlackBerry — Shares of BlackBerry surged 14.19 percent after the company reported fourth-quarter results that beat analyst expectations. BlackBerry reported earnings of 11 cents per share, 5 cents higher than a Refenitiv estimate, and revenue of $255 million, $13.2 million higher than estimates.

RH —Shares of the luxury home goods retailer plummeted nearly 20 percent after the company issued full-year earnings guidance that widely missed expectations. RH said it expects adjusted earnings per share to range between $8.41 and $9.08, well below a FactSet consensus of $10.11.

Wells Fargo — The bank’s stock dipped 2 percent after CEO Tim Sloan announced on Wednesday he would retire from his post. Sloan took over as chief executive in 2016 after news that employees created millions of fake accounts to inflate sales numbers.

Lyft — Shares of the ride-sharing company surged nearly 20 percent in its initial public offering. The IPO priced at $72 per share, well ahead of an initial range of $62 to $68.

Comcast — Comcast shares slipped 1.6 percent after RBC downgraded them to sector perform from outperform, citing worries over households dropping cable in favor of streaming services and slower household growth.

DowDuPont — The Dow component fell 1.4 percent after cutting its sales forecast for the first quarter. DowDuPont noted its agricultural business took a hit from floods in the Midwest.

Progress Software — Shares of the software company surged nearly 17 percent after it posted better-than-forecast earnings. Progress reported earnings of 50 cents per share, while analysts polled by Refinitiv expected a profit of 47 cents a share.

—CNBC’s Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: fred imbert, shannon stapleton
Keywords: news, cnbc, companies, shares, earnings, moves, midday, share, wells, reported, surged, cents, nearly, lyft, making, dowdupont, company, stocks, higher, fargo, vote, biggest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’

Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions. It’s acted as a resistance level at times and support as well.” He also said this pattern is pattern “is not just specific to the


Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions. It’s acted as a resistance level at times and support as well.” He also said this pattern is pattern “is not just specific to the
Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, 500, 2800, level, headandshoulders, pattern, index, surged, forms, inverse, sp, chances, analysts, chart, rally, resistance, past, sectors, big


Chart analysts like chances for a big rally after S&P 500 forms 'inverse head-and-shoulders'

Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street.

The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. An inverse head and shoulders pattern is used by chart analysts as a sign that a stock or an index could rise further after forming a bottom.

The index tried to break above 2,800 — a closely watched resistance level by traders and technicians — twice between late February and early March before sliding back down to around 2,730 by March 8. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions.

“This has been building since the comeback started,” said Frank Cappelleri, executive director at Instinet. “We didn’t know how fierce it was going to be and the extent of it. But needless to say 2,800 is on a lot of screens for numerous reasons. It’s acted as a resistance level at times and support as well.”

Cappelleri added the recent formation is part of a bigger head-and-shoulders pattern that has been forming since last October.

He also said this pattern is pattern “is not just specific to the S&P 500. It’s seen in a lot of different places. Some areas are leading; some are lagging, but in general the shape that has developed over the past six months.”

The S&P 500 is down more than 2.5 percent over the past six months, but it is up more than 20 percent since bottoming in late December. The index closed at 2,832.57 on Tuesday, about 3.7 percent away from its all-time high of 2,940.91.

Stocks are not completely out of the woods yet, however. The utilities and real estate sectors — which are often referred to as bond proxies for their low volatility compared to other parts of the market — are the best performers over the past six months.

“I don’t know if that type of leadership can continue if this risk-on mentality continues as it is,” Cappelleri said. However, “they haven’t had to advance as much from the lows since they didn’t get as beat up on the way down. What we want to see is if other sectors can take the baton.”

The S&P 500 is up more than 12 percent so far this year and is on pace for its biggest one-year gain since 2017, when it surged 19.4 percent.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, 500, 2800, level, headandshoulders, pattern, index, surged, forms, inverse, sp, chances, analysts, chart, rally, resistance, past, sectors, big


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks

The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent. Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Meanwhile, France’s EDF slumped towards the bottom of the index a


The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent. Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Meanwhile, France’s EDF slumped towards the bottom of the index a
European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith
Keywords: news, cnbc, companies, shares, higher, weekend, territoryeuropes, merger, surged, stocks, jump, commerzbank, markets, stock, morning, deutsche, talks, tinto, stoxx, edge, european


European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks

The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory.

Europe’s basic resources led the gains shortly after the opening bell, up more than 1.4 percent. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent.

Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Shares of both banks jumped more than 3 percent on the news.

Meanwhile, France’s EDF slumped towards the bottom of the index after HSBC cut its rating on the stock to “hold” from “buy.” Shares of the Paris-listed firm dipped over 1 percent.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith
Keywords: news, cnbc, companies, shares, higher, weekend, territoryeuropes, merger, surged, stocks, jump, commerzbank, markets, stock, morning, deutsche, talks, tinto, stoxx, edge, european


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa


Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa
Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Check out the companies making headlines midday Thursday:

Career Education Corporation —The for-profit education company reported better-than-expected adjusted earnings per share and revenue for the fourth quarter, sending its stock up more than 21 percent. The company’s full-year operating income guidance also topped analyst expectations.

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. Although the company posted a $0.42 loss per share, the result was better than the estimate of $0.6 loss per share.

Avis Budget Group — Shares of Avis Budget surged 16.56 percent after the car rental company posted fourth-quarter results that easily beat analyst expectations. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Avis’ revenue also beat estimates.

Kandi Technologies Group — Shares of the Chinese electric car maker rose nearly 7 percent, adding to a 34.3 percent gain from the previous session. Kandi recently got approval to import two of its electric cars to the U.S.

Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company said fourth-quarter comparable store sales grew by 1.9 percent, topping an estimate of 0.8 percent.

Domino’s Pizza — Domino’s Pizza shares dropped more than 9 percent after delivering fourth-quarter results that disappointed investors. The company’s adjusted earnings per share missed a Refinitiv estimate by 7 cents; its same-store sale also grew by 2.4 percent versus expected growth of 4.1 percent.

Nike — Shares of Nike dropped 1.34 percent after Zion Williamson, a star basketball player at Duke University, broke his shoe less than a minute into a highly anticipated game against the University of North Carolina. The break led Williamson to sprain his right knee and was unable to continue playing the game.

Coca-Cola — Coca-Cola shares rose nearly 1 percent after the company raised its annual dividend to 40 cents from 39 cents a share. The company also said it will buy back 150 million shares once the current 500 million share buyback program is completed.

Boston Beer – Shares of the Sam Adams brewer surged more than 13 percent Thursday after reporting better-than-expected earnings. Though quarterly revenue come in below Wall Street estimates, the company issued an upbeat outlook for 2019, forecasting an 8 to 13 percent increase in shipments. The stock is on pace for its best day of trading since July 2017.

—CNBC’s Nadine El-Bawab, Yun Li and JR Reed contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more

Check out the companies making headlines midday Wednesday:CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. Charles Schwab — UBS downgra


Check out the companies making headlines midday Wednesday:CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. Charles Schwab — UBS downgra
Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, stocks, cvs, surged, biggest, moves, making, health, company, charles, revenue, stock, shutdown, reported, midday, southwest, earnings, maker, shares, schwab


Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more

Check out the companies making headlines midday Wednesday:

CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. The company also posted mixed results for the fourth quarter of 2018.

Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. The airline said the 35-day government shutdown stalled the launch of new jets and routes. Southwest also said the shutdown contributed to lower-than-expected passenger revenues.

Garmin — Shares of Garmin surged more than 15 percent after the maker of GPS devices posted adjusted quarterly earnings of $1.02 per share, 22 cents above estimates. Revenue also came in above Wall Street forecasts, with Garmin reporting strength in its fitness and outdoor product lines.

Walmart — Shares of Walmart fell nearly 3 percent on Wednesday, giving back Tuesday’s rally that was sparked by better-than-expected earnings and revenue for the holiday quarter.

Kandi Technologies Group —Shares of the Chinese electric auto maker surged more than 36 percent after receiving approval to import two of its models to the U.S. The stock’s jump would be the biggest since June 10, 2013, when it surged 37.96 percent.

Charles Schwab — UBS downgraded Schwab’s stock to sell, sending it down about 2 percent in midday trading. “The company has a strong customer franchise, but is facing headwinds to [balance sheet] growth from yield sensitive customers, an increasing regulatory burden, and limited rate upside,” UBS says.

Transocean — The world’s largest offshore driller rose more than 1 percent after Barclays upgraded it to overweight, noting that “a transformed offshore industry is starting to emerge.”

Magellan Health — Shares of the healthcare plan and pharmacy benefits manager surged more than 8 percent after Reuters reported that company is exploring a potential sale. The company has come under pressure from activist hedge fund Starboard Value to sell itself, and is in the early stages of considering acquisition interest, Reuters reported, citing people familiar with the matter.

Cadence Design Systems — Shares of the electronics design software maker surged more than 5 percent to a record high after reporting better-than-expected earnings and a 14 percent jump in revenue growth compared to last year. The company also raised its full-year forecast.

Devon Energy — Shares of the oil and natural gas giant rallied more than 9 percent after announcing it plans to spin off its Canadian assets from its core business. The Oklahoma City-based company also raised its quarterly dividend by a penny to 9 cents and increased its stock buyback program by $1 billion. The stock is on pace for its best day of trading since November 2016.

LaZBoy — The furniture maker jumped 10 percent after beating Wall Street’s expectations for fiscal third-quarter sales and earnings. La-Z-Boys reported a 13 percent sales increase year over year.

IMAX — Shares of IMAX rose 4 percent after an analyst at MKM Partners suggested Sony might be “better off” acquiring the company than building out its own “premium large format” movie theater business. Neither company returned CNBC’s request for comment.

—CNBC’s Yun Li, Nadine El-Bawab, Kate Rooney, Michael Bloom and JR Reed contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, stocks, cvs, surged, biggest, moves, making, health, company, charles, revenue, stock, shutdown, reported, midday, southwest, earnings, maker, shares, schwab


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o


Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o
Thailand property: Chinese buying interest has surged in recent years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays. According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.”

“While the election is momentous for Thailand, most of the buyers we work with are unconcerned about the outcome,” she told CNBC.

Thailand’s economy has been powering ahead since its 2014 coup, reaching 3.9 percent GDP growth in 2017. That was its best in five years, but that growth is expected to slow a bit this year due to weaker global growth, the World Bank projected.

Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases.

In fact, Sansiri — one of Thailand’s biggest developers — set up its international business unit in 2014 after seeing growing interest from foreign buyers, said Nanmanas Jiwattanakul, the company’s assistant executive vice president of international business development.

Chinese buyers make up 70 percent of Sansiri’s international sales, she said.

The development — not spurred by any marketing efforts — prompted the developer to set up showrooms in Thailand and overseas catering to such investors, she told CNBC.

“We started to drive (international sales) and also because we started seeing a number of foreign buyers in Thailand,” said Nanmanas.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more

Check out the companies making headlines midday Wednesday:Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. — The flow


Check out the companies making headlines midday Wednesday:Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. — The flow
Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kate rooney, andrew renneisen, getty images
Keywords: news, cnbc, companies, moves, stock, surged, quarterly, ups, expectations, making, ferrari, biggest, shares, stocks, facebook, company, 2019, quarter, midday, earnings, revenue


Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more

Check out the companies making headlines midday Wednesday:

Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Average revenue per user, a key metric for Facebook, came in at $7.37, above an estimate of $7.11.

Avon Products — Shares of the beauty company jumped 20 percent after well-known portfolio manager Bill Miller told CNBC it was the most interesting stock he has added recently. The former Legg Mason star money manager, known for beating the S&P 500 for 15 years straight until 2005, said the stock could rally 10 times higher in the next three to five years.

Coty — Shares of Avon’s rival also spiked after Miller told CNBC he was buying a personal position in the company at around $8 per share. Coty had tried to buy Avon for $10 billion in 2012, but it was Avon rejected the takeover offer.

Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. Ferrari reported earnings that were mostly in line with expectations as well as better-than-forecast earnings guidance.

UPS – Shares of the parcel-delivery company jumped more than 5 percent in intraday trading after it said it carried more package and generated higher prices from shipments in the fourth quarter. While it posted earnings per share of $1.94 in the last quarter, UPS also said it expects its bottom line to improve in 2019 thanks to operational strategies.

PayPal — The payment company’s stock stumbled after reporting lower revenue and lighter 2019 outlook than Wall Street was expecting on Wednesday. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. It notched record growth in its peer-to-peer payments app Venmo.

Charter Communications – Charter stock was up more than 15 percent in midday trading Thursday after the company topped quarterly sales estimates and lured more customers for its internet platform. More and more subscribers are switching from its pay TV bundles in favor of cheaper streaming services.

General Electric — Shares of the embattled industrial conglomerate surged as much as 18 percent, its biggest gain in 9 years, after the company reported year-end revenue that was stronger than expected. CEO Larry Culp also hinted at an improving 2019 forecast, although GE did not provide earnings guidance for the year ahead.

1-800 Flowers.com. — The flower delivery company surged 19 percent Thursday after beating analysts’ expectations for the fourth quarter and issuing upbeat guidance for 2019. Revenue growth was helped by its Harry & David business, the CEO said.

— CNBC’s Thomas Franck , Fred Imbert and Michael Sheetz contributed reporting.

Programming Note: For more on PayPal, watch CFO John Rainey’s interview on “Mad Money” tonight at 6 p.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kate rooney, andrew renneisen, getty images
Keywords: news, cnbc, companies, moves, stock, surged, quarterly, ups, expectations, making, ferrari, biggest, shares, stocks, facebook, company, 2019, quarter, midday, earnings, revenue


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Roku, which surged 25% Monday, falls again after Citron calls it ‘uninvestable’

Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape. The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. As part


Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape. The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. As part
Roku, which surged 25% Monday, falls again after Citron calls it ‘uninvestable’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: lauren feiner, david orrell
Keywords: news, cnbc, companies, falls, streaming, stock, surged, roku, samsung, citron, uninvestable, customers, week, 25, tv, content, calls, services


Roku, which surged 25% Monday, falls again after Citron calls it 'uninvestable'

Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape.

The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Roku, which offers streaming players and TV models that allow customers to stream content from various services, also announced Monday that Westinghouse Electronics would license Roku’s TV software. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share.

But on Tuesday, Citron said in the tweet it has “to recognize when the story has changed. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. Risk/reward no longer there. Expect big retracement.”

Apple and Samsung, typically fierce rivals, surprised the public by announcing a deal on Sunday to offer Apple services on Samsung devices. As part of the deal, some Samsung smart TVs will be able to access movie and TV content through iTunes, giving customers another streaming alternative to Roku. Customers will also be able to send content to their TV screens through AirPlay 2 on iPhone and iPad, according to the announcement Sunday.

Roku’s stock was still up more than 16 percent for the week Tuesday morning with a market value of about $4.3 billion. The company is expected to report its fourth quarter 2018 and full year earnings in February.

Subscribe to CNBC on YouTube.

Watch: Here are the tech stocks to watch heading into 2019


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: lauren feiner, david orrell
Keywords: news, cnbc, companies, falls, streaming, stock, surged, roku, samsung, citron, uninvestable, customers, week, 25, tv, content, calls, services


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post