Trading Ideas

President Donald Trump said the U.S. economy is on track to reach an annual growth rate of more than 3 percent, as he celebrated a report Friday that the economy expanded in the second quarter at the fastest pace in four years. “As the trade deals come in one-by-one, we’re going to go a lot higher than these numbers, and these are great numbers,” Trump said Friday at the White House. The Commerce Department said Friday that the economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014. …read more […]

Bank of America Merrill Lynch downgraded shares of Intel on Friday to “neutral” from “buy.” …read more […]

Higher segment earnings from all segments contributed to the increase in second quarter earnings of Phillips 66 (PSX). …read more […]

Yahoo Finance’s LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET. …read more […]

Twitter Inc (TWTR.N) on Friday reported fewer monthly active users than analysts expected and warned that the closely-watched figure could keep falling as it deletes phony accounts, sending shares sharply lower in early trading. The company said the work it was doing to clean up Twitter by purging automated and spam accounts had some impact on its user metrics in the second quarter, and that it would prioritize improving suspicious accounts and reducing hate speech and other abusive content over projects that could attract more users. Twitter, like bigger rival Facebook Inc (FB.O), has been under pressure from …read more […]

China’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short. U.S.-based Qualcomm abandoned on Thursday what would have been the world’s biggest ever semiconductor sector takeover after a deadline the companies set passed without the deal winning China’s approval. China’s State Administration for Market Regulation (SAMR) said in a statement on Friday that proposals put forth by the firms to resolve Chinese antitrust concerns were insufficient, but it hoped to continue communicating with …read more […]

China’s regulators said it’s unfortunate that Qualcomm Inc. decided to scrap its $44 billion bid to acquire rival chipmaker NXP Semiconductors NV, a surprise statement a day after the two companies abandoned their deal because they hadn’t received regulatory approval by a deadline Wednesday. China’s State Administration for Market Regulation said its deadline for the current Qualcomm review is Aug. 15, with an extended deadline of Oct. 14. The statements appear to be aimed at shifting blame for the deal’s failure to the companies, though Qualcomm and NXP said the reason was China’s failure to give clearance more …read more […]

Despite sagging sales for Amgen’s cash cow, a handful of younger drugs kept the needle moving forward. …read more […]

Sales to data centres that power mobile and web apps, which bring more profit than chips for personal computers, rose 26.9 percent to $5.55 billion in the second quarter ended June 30. Intel has been increasingly catering to data centres as revenue from PCs has flattened since shipments peaked in 2011. “We believe performance within Intel’s data centre business largely dictates the performance in the shares and view the slight miss versus consensus as a negative,” said CFRA Research analyst Angelo Zino. …read more […]

Amazon (AMZN) just released its latest quarterly results, posting diluted earnings of $5.07 per share and revenues of $52.9 billion. Get the full rundown here! …read more […]

The U.S. administration got more out of a trade deal with the European Union than it had expected and the two will work together to deal with China’s market abuses, a top White House official told Reuters on Thursday. President Donald Trump and Jean-Claude Juncker, president of the European Commission, the EU’s executive body, struck a surprise deal on Wednesday that ended the risk of an immediate trade war between the two powers. Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers. …read more […]

Sales to data centers that power mobile and web apps, which bring more profit than chips for personal computers, rose 26.9 percent to $5.55 billion in the second quarter ended June 30. Intel has been increasingly catering to data centers as revenue from PCs has flattened since shipments peaked in 2011. AMD, which has been gaining ground with its new server chips, beat estimates for quarterly profit and revenue on Wednesday, powered by its EPYC server processors. …read more […]

SAN FRANCISCO/NEW YORK (Reuters) – Wall St breathed a sigh of relief on Thursday after Amazon.com’s quarterly results beat estimates, sending the online retailer’s stock to a record high and alleviating fears of deepening troubles across the FANG group after Facebook’s results sent its shares reeling. A 19 percent plunge in Facebook shares rattled Amazon.com investors earlier in the day, with traders in Amazon’s options displaying heightened defensiveness ahead of its June-quarter report after the bell. Facebook late on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb. …read more […]

U.S. oil and gas producer ConocoPhillips posted better-than-expected quarterly profit on Thursday thanks to rising crude prices, prompting executives to boost capital spending and production targets for the year. The new targets are a bullish bet that oil prices, which have surged more than 15 percent since January, are not likely to drop in the near future, helping Conoco exploit its lucrative shale acreage around the United States. Houston-based ConocoPhillips, the world’s largest independent oil and gas producer, is one of the first major U.S. oil producers to report …read more […]

Serious question marks emerge in Europe as Jean-Claude Juncker and Donald Trump’s agreement delays trade war between the EU and the US. …read more […]