Month: July 2019

Credit: AFP/Getty Images Getty The stock market has had a good run this year, although there has been one worrying spell as the weather warmed. From the look of things so far, is the old maxim is wrong, that summer is a bad time for equities? Well,  perhaps the current rally is due to one-off circumstance,
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Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
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Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through
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Halfway through the year real estate markets across the country hold different potential for investors, and favor different investment strategies. Some markets are over-priced—are they bubbles waiting to burst? Some boast strong demand, reflected in high home price increases—will they soon become over-priced? Some currently see moderate demand but have good economic growth—how will that
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Istvan Kadar Photography | Moment | Getty Images Nearly 40,000 Con Edison customers were left without power Saturday after massive outages hit New York City. The utility company said it was responding to “extensive outages” on the westside of Manhattan and would share more information as it becomes available. The power outage was apparently caused
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Water Pepsi Getty PepsiCo, Inc. is beating the Coca-Cola Company on Wall Street. PepsiCo’s shares have gained 19.45% for the last twelve months and 49.20% for the last five years, compared to 15.75% and 22.13% for Coca-Cola. But both companies have underperformed the overall market—see table 1. Table 1 Pepsi’s Shares Outperform Coke’s On Wall
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An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. “Earnings
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