Trading Ideas

(Bloomberg) — Verizon Communications Inc. missed profit estimates while adding more than a million new wireless subscribers, a possible precursor to challenges ahead as the company races against rivals in a costly nationwide expansion of next-generation 5G wireless services.Earnings, excluding some items, totaled $1.13 a share. The number of regular monthly wireless subscribers rose by 1.25 million, which includes new phones, hot spots, smartwatches and other connected devices, according to the statement. Analysts expected earnings of $1.15 a share and 1.23 million new wireless subscribers. Revenue of $34.8 billion was ahead of estimates.Verizon’s gains in regular monthly subscribers were boosted …read more […]

The company’s biggest customer, Boeing, said on Wednesday it was expecting to resume MAX production ahead of a regulatory approval for the jet’s return to service by mid-2020. Spirit also replaced its Chief Financial Officer Jose Garcia with Mark Suchinski, who was vice president of quality at the company, after identifying non-compliance in certain accounting processes. Spirit’s stock fell more than 7% in premarket trade. …read more […]

Headlines moving the stock market in real time. …read more […]

Blackstone Group Inc, the world’s largest alternative asset manager, said on Thursday its fourth-quarter distributable earnings rose 27 percent year-on-year, as strong growth in its real estate and hedge funds businesses offset declines in its private equity and credit divisions. During the quarter, Blackstone sold off its remaining 10.8 percent stake in Invitation Homes, the largest single-family rental home operator in the U.S., raking in more than $1.7 billion. The buyout firm also completed the sale of its 61 percent stake in Swedish property firm Hembla AB to German real estate giant Vonovia SE for about $1.3 billion. …read more […]

Coca-Cola earnings are out. Here’s the analysis you need to know. …read more […]

(Bloomberg) — United Parcel Service Inc.’s profit outlook fell short of analyst estimates, held back by declines in global industrial production and spending to cope with soaring e-commerce deliveries.Earnings will be $7.76 to $8.06 a share this year, UPS said in a statement Thursday as it reported earnings. Analysts had predicted $8.07 a share on average, higher than the $7.91 midpoint of the UPS forecast.Key InsightsWhile the forecast was weak, UPS logged a third consecutive quarter of gains in profit margins. That reversed a slide that began at the end of 2016, when rising e-commerce deliveries started jacked up costs. …read more […]

The largest U.S. wireless carrier by subscribers has cut prices and made its offerings more attractive by bundling services such as Apple Music to battle intense competition in the industry. In October, Verizon said it would offer a year-long subscription to Walt Disney Co’s Disney+ with its unlimited plans, a move aimed at rival AT&T Inc, which is expected to launch its own streaming platform, HBO Max, in May. Revenue in Verizon’s media unit, which includes Yahoo, HuffPost and TechCrunch, was nearly flat at $2.1 billion from a year earlier. …read more […]

At the same time, rival PepsiCo is preparing for the launch of its own coffee-cola beverage that has double the caffeine punch as regular soda. Coca-Cola sells the product in some international markets and is yet to make a U.S. entry. Coca-Cola’s shares were up about 2% in trading before the bell. …read more […]

Top news and what to watch in the markets on Thursday, January 30, 2020. …read more […]

Every investor on earth makes bad calls sometimes. But really big losses can really drag down an overall portfolio. So… …read more […]

Swiss drugmaker Roche is struggling to deliver diagnostic tests for the coronavirus to large Chinese cities after Communist Party rulers halted people from entering and leaving in a bid to halt the spreading outbreak. “Getting the goods to hospitals has been a real challenge,” Roche diagnostics boss Thomas Schinecker told reporters on Thursday. Chief Executive Severin Schwan said Roche was the first company to supply tests to diagnose the virus, thought to have originated in a food market in the city of Wuhan with about 11 million people, and has now seen thousands of cases and at least …read more […]

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the… …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BT Group Plc is expecting a 500 million-pound ($650 million) hit over the next five years from the U.K.’s decision to restrict Huawei Technologies Co. in the nation’s broadband infrastructure.Chief Executive Officer Philip Jansen said Thursday the telecommunications company is reviewing the government’s guidance to determine the full impact on its plans. Huawei is one of BT’s biggest suppliers of telecom equipment, and in the U.K. has a 44% market share in full-fiber components.BT shares fell 6.3% at 9:37 a.m. in London …read more […]

(Bloomberg) — The coronavirus death toll rose to 170 and confirmed cases in China soared past 7,700, as the outbreak spread to India and the Philippines for the first time.Asian and European stocks slumped with U.S. futures amid mounting evidence that the outbreak is disrupting China’s economy. Economists have started cutting growth forecasts as authorities tighten travel restrictions and lock down cities, while companies suspend their China operations.With the disease spreading across the globe, the World Health Organization is gathering Thursday to consider issuing a health emergency.Death toll rises to 170, China cases jump to 7,711Bloomberg is tracking the outlook …read more […]

Avast allegedly collected data on what many of its users did online and sent it to its unit, which then offered to sell the information to clients, according to the media reports earlier this week. Jumpshot, which Avast started in 2015, and the company acted “fully within legal bounds” in the years since then, Avast Chief Executive Officer Ondrej Vlcek said in a blog post https://blog.avast.com/a-message-from-ceo-ondrej-vlcek shortly after its trading update on Thursday. Vlcek said the decision to close Jumpshot would affect “hundreds” of employees and was taken after a review that the company did not want continue …read more […]