Financial News – Business News – Stock News – Market News – Stock Exchange
CLICK HERE http://FinancialBuzz.com
Business News – Financial News – Stock News — New York Stock Exchange — Market News 2018
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2018
On Monday the ISM non-manufacturing index for October slowed slightly by 1.3 points to 60.3. Markets were mixed on weakness in the tech sector and as investors waited for election results.
On Tuesday the JOLTS job openings report for September fell 3.9% to a little over 7 million, lower than expectations. Markets rose, however, trading volume was light as voters hit the polls. Ten year Treasuries yielded 3.22% and oil fell 1.5% to $62.18 a barrel.
On Wednesday the EIA petroleum status report for the week ending November 2nd saw crude oil inventory surge 5.8 million barrels. Market rallied strongly with the Dow Industrials closing up 545 points. Investors believed a gridlocked Congress with power divided between the two parties will be better for the economy. Marijuana stocks rallied after Attorney General Jeff Sessions, a legalization critic, resigned.
On Thursday jobless claims for the week ending November 3rd fell 1,000 to 214,000 and the Fed finished their meeting and did not change interest rates. In the Fed’s announcement, they downgraded business investment saying it has moderated from its strong level. Markets ended the day mostly lower.
On Friday the producer price index for October showed a large jump of .6%, much higher than expectations and its largest monthly gain in six years. Markets opened lower as crude oil continued to fall which prompted worries of a global slowdown. Now let’s take a look at some stocks.
Booking Holdings Inc. (NASDAQ: BKNG) reported its quarterly results on Monday, topping revenue estimates but missing on earnings. However, shares jumped by 7%, breaking $2,000. Revenue increased 11% year over year to $4.8 billion.
Etsy Inc.’s (NASDAQ: ETSY) third quarter results, topped its estimates, reporting revenue of $150 million increasing 41% year over year. Net income declined by almost 23% year over year to 21 cents per share. Active sellers increased by 8% and active buyers increased by 17% year over year. Shares rose 10% after the release.
Twilio Inc. (NYSE: TWLO) released its third quarter results after market close on Tuesday. Twilio beat estimates as well as provided a revised guidance, sending shares surging over 30%. The company reported revenue of $168 million, increasing 68% year over year and topping estimates of $150 million, with earnings per share of 7 cents, compared to a loss of 8 cents per share a year ago.
Roku, Inc. (NASDAQ: ROKU) reported its results after market close on Wednesday. For the quarter, Roku reported revenue of $173 million with a per share loss of 9 cents. Active accounts outpaced estimates, reporting 23.8 Million. Despite topping estimates in both revenue and earnings, shares plunged by over 18%.
TripAdvisor, Inc. (NASDAQ: TRIP) reported results on Wednesday and surpassed analysts’ estimates, sending shares surging over 15%. TripAdvisor reported revenue of $458 million, increasing 4% year over year and earnings per share of 72 cents, increasing 100% year over year and crushing estimates of 24 cents per share.
© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.