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Alphabet earnings: Google will offer a gander at its Uber investment

“Earnings: On average, analysts polled by FactSet model earnings of $9.28 a share and adjusted earnings of $11.75” writes Tech Reporter for marketwatch.com. That change begins Monday, when the Google parent company expects to report first-quarter earnings after the bell.Revenue: For the first quarter, analysts model sales of $24.26 billion after accounting for traffic-acquisition costs.Lastly, Google said it would begin providing cost-per-impression data from Google’s network revenue instead of the cost-per-click data it has provided investors.Contributors to Estimize, which crowdsources estimates from analysts, fund managers and academics, predict earnings of…

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Skechers downgraded as ‘growth at any cost’ approach creates too much uncertainty

“Wells Fargo rates Skechers shares outperform with a $40 price target, down from $47” writes Tonya Garcia for marketwatch.com. Steve Madden shares are up 1.2% for the year so far; Skechers shares are down nearly 19% for the period; and the S&P 500 index SPX, -0.85%   is about breakeven for 2018 to date. Source: marketwatch.com Share This:

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G.E. Earnings Show Some Signs of a Turnaround

“In its jet engine business, revenue rose 7 percent, to $7.11 billion, and operating profits rose 26 percent to $1.60 billion” writes Steve Lohr for nytimes.com. But G.E.’s revenue from its industrial operations, excluding acquisitions and currency swings, fell 4 percent, to $23.8 billion.Flannery warned the that it might take a year or two to fix the power business, prompting G.E. to cut its dividend for only the second time since the Great Depression.G.E.’s power turbine business remains weak, with revenue down 9 percent, to $7.22 billion, and orders down…

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TSMC’s smartphone warning points squarely at Apple: analysts

“Apple represents nearly 20 percent of TSMC’s revenue so the outlook potentially points to weaker-than-anticipated iPhone demand,” Atlantic Equities analyst James Cordwell told Reuters” writes Midwest Communications Inc for 95kqds.com. Data provider TrendForce had earlier estimated 2018 global smartphone production at around 1.5 billion units, 2.8 percent up on 2017 but down from a previously expected 5 percent. Source: 95kqds.com Share This:

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For embattled GE, first-quarter earnings may bring more questions than answers

“GE is expected to report first-quarter earnings before the bell on Friday amid serious questions about its cash flow levels and potential asset sales” writes Claudia Assis for marketwatch.com. Overall, Daiwa analysts expect a 6% decline in revenue, led by a sharp decline in revenues from GE’s power business.It doesn’t take much to send embattled GE’s stock GE, +0.44%  tumbling these days, but shares were taking a breather Thursday, heading toward their 50-day moving average.Revenue: The analysts polled by FactSet expect first-quarter sales of $27.44 billion for GE, which would…

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This is the one retail category that doesn’t have too many stores

“The latest Forrester data forecasts U.S. online retail sales north of $506 billion in 2018, and sales exceeding $712 billion by 2022” writes Tonya Garcia for marketwatch.com. Technology and positive face-to-face interactions will be critical as well. “Retailers are trying to figure out the purpose of [their] stores,” said Melina Cordero, CBRE’s head of retail research in the Americas.Experts say more than $1.3 trillion of the total $3.7 trillion U.S. retail sales will be impacted by smartphones by the end of this year. “Further, should e-commerce penetration reach 25% by…

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Goldman was king of the quarter, but Morgan is the one to buy, analysts say

“The Wall Street Journal reported earlier in May that the company had recruited a banker from JPMorgan Chase & Co” writes Andrea Riquier for marketwatch.com. While the FactSet consensus for both companies is a “buy” rating, price targets suggest about 7% upside for Goldman and nearly double that, 13%, for Morgan.Also read: Tax cuts were supposed to juice the economy, but banks aren’t seeing it For now, Goldman CEO Lloyd Blankfein is still viewed as the dean of Wall Street. Source: marketwatch.com Share This:

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Morgan Stanley is gaining ground after a record-setting quarter

“Shares of Morgan Stanley popped more than 2.5% Wednesday morning after the bank posted a big earnings beat” writes Graham Rapier for businessinsider.com. Here are the key numbers (emphasis added): “It shouldn’t surprise anyone as it’s now become the norm: With Morgan Stanley, there is always something good under the bank’s earnings tree,” Axel Pierron, managing director at Opimas, a capital markets consultancy, said in an email.”Morgan Stanley’s earnings have again beaten market expectations.”.  Source: businessinsider.com Share This:

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Twitter surges after Morgan Stanley raises from ‘underweight’

“Investors are likely to continue to pay a premium for Twitter’s stock due to expectations of faster revenue growth in 2018 and signs of progress in a company turnaround, Morgan Stanley analyst Brian Nowak wrote in a report” reports businessinsider.com. A surprise return to revenue growth sent Twitter’s stock 12 percent higher after its last quarterly report on Feb. 8 and it is up 32 percent year to date.On average, they expect Twitter’s stock to decline to $27.58.The stock is trading at 45 times expected earnings, compared with Facebook’s valuation…

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Another blowout quarter for Netflix, but a couple of analysts see some risks for the stock

“Netflix reported strong numbers for its first quarter, but a couple of Wall Street analysts see risks for the company moving forward” writes unknown author for cnbc.com. The company’s forecast for a 12 percent operating margin in the first half of this year compares with its full-year forecast of 10 to 11 percent, given increased spending on content and marketing, Janedis said in the note. Source: cnbc.com Share This:

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