Economic Data

Q4 Results Remain Positive, Market Dips

Stock market futures are down pretty deeply into the red this morning, after an average close on the main indexes of roughly half a percentage point. However, no blame can be placed on Q4 earnings season, which continues to bring about robust results from companies across the spectrum of industries. Asian markets were down slightly overnight, and later this evening we await President Trump’s initial State of the Union address […]

Technicals

Nucor’s (NUE) Q4 Earnings and Sales Beat Estimates

Nucor Corporation NUE is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. Earnings Nucor’s adjusted earnings for the fourth quarter came in at 65 cents per share, which surpassed the Zacks Consensus Estimate of 55 cents. Revenues Nucor reported revenues of $5,092.3 million for the quarter, up roughly 28.7% year over year from $3,956.5 million […]

Stock Analysts

Higher Consumer Spending Indicates Solid Retail Earnings

After a blissful holiday season, retailers got another reason to smile. Per Bureau of Economic Analysis, consumer spending increased $54.2 billion or 0.4% in the final month of 2017, following the revised upward reading of 0.8% growth registered in November. Meanwhile, personal income surged $58.7 billion or 0.4% in December, following an increase of 0.3% in the month of November […]

Stock Analysts

Roche Gets Breakthrough Therapy Designation For ASD Drug

Roche Holdings AG RHHBY announced that the FDA has granted Breakthrough Therapy Designation for its experimental drug oral medicine balovaptan (previously known as RG7314), a vasopressin 1a (V1a) receptor antagonist for individuals with autism spectrum disorder (ASD). The designation from the FDA is intended to expedite the development and review of drugs with early evidence of substantial potential clinical benefit to patients, or benefit patients without current treatment options. […]

Stock Analysts

Disney (DIS) Q1 Earnings: Parks & Resorts, Studio Holds Key

With media giant, The Walt Disney Company DIS slated to report first-quarter fiscal 2018 results on Feb 6, investors are hoping for change in fortune after a disappointing 2017. In fiscal 2017, the company not only witnessed decline in both the top and bottom lines but also witnessed sharp fall in the operating income. Let’s find out how the company is going to fare in the quarter to be reported. […]

Technicals

Pentair???s (PNR) Q4 Earnings In Line, Revenues Beat Estimates

Pentair Plc PNR , a diversified industrial manufacturing company, reported fourth-quarter 2017 results, wherein adjusted earnings of 93 cents came in line with the Zacks Consensus Estimate. Revenue: Pentair posted revenues of $1.26 billion, beating the Zacks Consensus Estimate of $1.24 billion. Earnings Estimates Revision: The Zacks Consensus Estimate for fourth quarter has been stable over the past 30 days […]