Posted on 07/25/2018 1:47:42 PM PDT by Red Badger
Here Are Three Hot Things to Know About Stocks Right Now
The Dow Jones Industrial Average shot higher at the close on reports of a U.S. deal with the EU to avoid a trade war. Facebook (FB) slides in after-hours trading after revenue miss. General Motors Co. (GM) slumped 4.3% after the automaker issued an outlook for 2018 that was below analysts' estimates.
Wall Street Overview
Stocks surged in late trading on Wednesday, July 25, to end sharply higher on reports the U.S. and Europe have reaced an agreement to avoid a trade war
The Dow Jones Industrial Average rose 172 points, or 0.68%, to 25,414, the S&P 500 rose 0.91% and the Nasdaq was up 1.17%.
The surge came amid reports European Commission President Jean-Claude Juncker and President Trump have reached agreement on a deal to avoid a trade war.
Sergio Marchionne, the legendary auto industry executive, died Wednesday, just days after he stepped down as CEO of Fiat Chrysler Automobiles NV (FCAU) following medical complications linked to an earlier surgery. Shares of the company fell 11% on disappointing earnings.
Sergio Marchionne Dies After Complications From Earlier Surgery
Marchionne, who assumed the role of Fiat Chrysler CEO when the U.S. carmaker emerged from Chapter 11 bankruptcy in 2009, has been widely credited with steering the company into profitability thanks to a shift toward larger vehicles in the U.S. market and a focus on cost cuts.
AT&T Inc. (T) fell 4.4% after the newly constructed digital advertising, media and telecom machine got a cool reception, despite an earnings beat.
The parent of Time Warner, DirecTV and AT&T communications networks earned an adjusted 91 cents a share in the second quarter, topping analysts' estimates of 87 cents. Revenue in the quarter fell 2.1% from a year earlier to $39 billion and missed analysts' estimates.
AT&T Media Ambitions Draw Cool Response
Boeing Co. (BA) posted second-quarter adjusted earnings of $3.33 a share, higher than estimates of $3.25. Revenue of $24.26 billion topped forecasts of $24.04 billion.
Shares fell 0.7%, however, as the company cut its defense operating margins and its full-year earnings guidance didn't meet analysts' expectations.
Boeing's Earnings Soar, but Here Is Where Wall Street Is Focused
Coca-Cola Co. (KO) earned 61 cents a share on an adjusted basis in the second quarter, beating estimates by 1 cent. Revenue fell 8% to $8.9 billion but topped analysts' forecasts. Shares rose 2%.
Coca-Cola Shares Edge Higher After Solid Q2, Full Year Guidance Boost
General Motors Co. (GM) posted adjusted profit in the second quarter of $1.81 a share, beating estimates by 3 cents. Revenue fell 3.1% to $36.8 billion. The automaker said it expects adjusted earnings in 2018 of $6 a share, below estimates of $6.42. Shares declined 4.3%.
General Motors Just Served Up a Reality Check to Team Trump GM Slashes Guidance After Mixed Second Quarter
United Parcel Service Inc. (UPS) shares rose 7% on Wednesday as it reported top- and bottom-line beats for the second quarter.
Earnings reports are expected after Wednesday's closing bell from from Facebook Inc. (FB) and Advanced Micro Devices Inc. (AMD) .
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MAGA
Wow. Wait until the GDP figures come out Friday morning!
It’s time for the hot-house flowers in the media to begin to think the unthinkable: maybe, just maybe (I know this is pretty off the wall but bear with me), maybe Trump actually knows what he’s doing. OK, crazy talk...
The winning is exhausting.
X NOT tired of WINNING
Ought to surge 400-500 points for sure. Hope my Deferred Comp gains back what I have put in! I am confident that it will!
Whooop!
Next the left will be looking for who in the admin is long.
Won’t predict or count chickens but as the trade deals clean up i’m expecting a time of growth.
Funny thing though is we are only seeing the effect of doing the right thing to level the playing field for US.
America even if not first. Level the playing field and we can kick ass. We always have in the past.
Government Motors issued a pitiful whine about raw materials going up. GM should be on the way to yesterday’s trash.
Others make better cars for better value.
I hope so. The DOW still has another thousand points before getting back to where it was.
I haven’t owned a GM product in almost fifty years.
So far, so good.
Facef**t down about 35 nice points.
If they're between 3.5-4% hang on to your hats! The lids gonna blow off the top of the market. It's gonna be a great ride!
No it's not! I'm still not tired of winning!!
I'm calling my broker in the morning and going all-in on the market tomorrow morning. When the GDP numbers come out on Friday it's gonna be a wild and run ride up, up and away!
Levin does grate on one's nerves with his smug, superior attitude.
I found myself doing the same thing to the Mark Levin show today as I did during the lead up to the general election. I had to shut off Levin’s pompous position on tariffs, spouting his ‘I told you so attitude.’ You will recall, it took Levin a long, long time to begrudgingly come around to vote for Trump in the election and I believe it was more a default vote against HRC. Now, Levin’s stubborn position on tariffs remains his carry over complaint. Seemingly, he either refuses to or ignorantly fails to bite his tongue regarding Trump on trade, despite having witnessed Trump’s brilliant achievements over the last eighteen months. Levin doesn’t have a clue what Trump’s strategy is in using tariffs as a bargaining chip to gain an international fair trade playing field. All he knows is to lecture Trump on the time worn mantra that tariffs are always bad. In Levin’s simplistic world, slapping tariffs on products is the end that ends all beneficial trade. By deduction, Levin’s position must be there is nothing that can be done to end the historical unfair trade imbalance and America must continue to eat its huge annual trade deficits. Today with Trump’s apparent early success in gaining concessions from the EU head to forgo tariffs on some goods, Levin has the audacity to try and hijack this success by insinuating that Trump has come around to Levin’s no tariff position. Truth be known, Trump has never been an advocate for tariffs, except as leverage to level the international trade playing field. Levin is going down the same twisted road on faulting Trump on his tariff strategy as he did in the lead up to the general election. This tells me that Levin harbors a deep seated notion that Trump is a doofus and that Trump is out of his league on these matters. As before, it will be Levin who will be eating crow when this one is over.
Levin is a lawyer, not a business man.................
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