News 

There’s a company reporting after the bell that’s beat the Street every quarter for 8 years straight

“Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates” writes Source Logmein for cnbc.com. One would think Wall Street would take a hint and raise their EPS by a penny or two after the company beats estimates for 32 quarters straight.Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm Bespoke Investment Group.Regular traders and investors polled by Estimize believe the company…

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Markets News Stocks 

Bridgewater’s Ray Dalio still long on stocks, and sees ‘significant’ risk in bonds

“In an interview on Bloomberg Radio, the hedge fund manager was asked if he is predicting a bear market” writes Cameron Costa for cnbc.com. Schumer directly attacked Treasury Secretary Steven Mnuchin for his claims the tax reform proposal would reduce the country’s budget deficit. Bridgewater is the world’s largest hedge fund, managing about $160 billion, according to its website.Dalio also explained why the Republican tax reform plan is negative for bond prices.The hedge fund manager’s view is similar to Senate Minority Leader Chuck Schumer’s position that the Republican tax reform…

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Larry Summers: Here’s what I would put in a tax-reform plan

“Other tax shelters such as carried interest, tax free like kind exchanges of real estate, and special treatment of option based executive compensation should scaled back or closed. 5” writes Larry Summers for cnbc.com. This would increase revenue, fairness and for those who see a strong distinction remove a current subsidy to the paper pushing economy vis-à-vis the real economy.At a minimum, public companies should be required by the IRS to publicly reconcile their publicly reported income and their tax reported income.I have been very sharply critical of what I…

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Congressman: The budget bill is a ‘stunt’ and a ‘gimmick.’ Here’s why I voted for it anyway

“With that in mind, the House of Representatives voted Thursday on the Senate’s budget plan, called a budget “blueprint” in Washington-speak” writes Chris Maddaloni for cnbc.com. In other words, the budget blueprint is simply a necessary procedural step required under Washington’s rules to eliminate a filibuster from Democrats and move forward with badly needed tax relief for families and businesses.It’s called a “blueprint” because in reality it’s just a proposal, not an actual budget like the ones families and businesses use in the real world.Yet as a member of Congress…

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Wall Street expects smaller profit from Amazon, but still plenty of growth

“Wall Street expects Amazon to report another quarter with plenty of growth but little profit, as the e-commerce giant ramps up its investment in areas like warehouses, content, and international markets” writes Mike Kane for cnbc.com. Amazon is expected to post third-quarter earnings of 3 cents a share after the bell Thursday, according to analysts polled by Thomson Reuters, down from 52 cents a year ago.Meanwhile, Goldman Sachs analysts expect operating expenses at Amazon to jump 40 percent to $15.3 billion. Here are the topics that will likely be of…

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Deutsche Boerse CEO to step down amid insider trading probe

“Kengeter and Deutsche Boerse have been dogged by an insider trading investigation since early this year” writes unknown author for cnbc.com. Deutsche Boerse’s embattled chief executive Carsten Kengeter is stepping down amid continuing allegations of insider trading, the German exchange operator announced on Thursday.The probe stems from shares Kengeter bought in December 2015, just months before formal merger talks with London Stock Exchange were announced. Source: cnbc.com Share This:

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Dollar’s gain on euro should make UnitedHealth and these other Dow…

“The euro sank about 1 percent against the dollar after the European Central Bank announced plans to trim its monthly asset purchase program” writes Alessia Pierdomenico for cnbc.com. The dollar spiked higher versus the euro on Thursday, a move that should boost domestically focused stocks but hurt large multinationals such as Caterpillar, if history is any guide.Boeing, which led the Dow higher Thursday morning, also tends to benefit from a weaker euro.Both stocks were up about 0.2 percent Thursday after the greenback gained ground over the euro. Source: cnbc.com Share This:

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BofA CEO Moynihan predicts ‘immediate impact’ if tax reform is passed

“Bank of America CEO Brian Moynihan said Thursday he expects “immediate impact” if Congress passes tax reform” writes Jeff Cox for cnbc.com. Yes, we need to have a lower tax rate to be competitive.”. The bank did say it had seen a 22 percent slide in bond trading, mirroring a broader industry trend.The second-largest U.S. bank by assets reported third-quarter earnings of 48 cents a share, ahead of Wall Street estimates.His comments come the same day the House passed a budget that helps pave the way for a Republican-sponsored plan…

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Markets News Stocks 

Amazing! American investors are really happy, report finds

“A raging stock market has investors more satisfied with their finances than they have been in decades” writes unknown author for cnbc.com. The primary contributor to the boost is the stock market, measured by a proprietary large-cap stock index.AICPA’s real estate index made the largest gain this quarter, thanks to gains in the market value of real estate that exceeded increases in outstanding payments on mortgages.The index tracks data such as large-cap stock movement, personal taxation rates and the expectations of corporate executives and CPAs.That index is composed of the…

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