Markets News 

How Microsoft could become a $1 trillion company

“Analysts are beginning to think that Microsoft is close to being worth $1 trillion, given the company’s latest earnings results” writes Jordan Novet for cnbc.com. Deutsche Bank’s Karl Keirstead and Taylor McGinnis in a Friday note raised their target price from $120 to 130.Following the release of the company’s fiscal fourth-quarter earnings and guidance for the quarters ahead, some analysts raised their price targets on Microsoft stock, reaching as high as $130.”Q418 was a very strong quarter for Microsoft with demand for both the company’s cloud offerings and its on-premises…

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GE beats on EPS but trims cash flow target; shares fall

“GE cut the industrial free cash flow target to $6 billion from a range of $6 billion to $7 billion” writes Midwest Communications Inc for 95kqds.com. GE’s power unit is relying on services revenue to offset declining sales of new equipment.In June, it announced a $3.25-billion sale of its distributed power unit to U.S. buyout group Advent.Though GE affirmed that target on Friday, many analysts see it as unrealistic and have cut their estimates to less than $1.00. One positive for GE: Adjusted free cash flow from industrial activities swung…

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News Stocks 

Microsoft stock adds to gains after strong outlook complements earnings beat

“Microsoft Corp. stock gains accelerated in after-hours trading Thursday, after the tech giant added a strong outlook to quarterly results that topped Wall Street estimates” writes Wallace Witkowski for marketwatch.com. Revenue rose to $30.09 billion from $25.61 billion in the year-ago period, compared with FactSet-polled analysts expecting an average $29.21 billion.On average, analysts polled by FactSet expected adjusted earnings of $1.08 a share.Hood also said the company expects “Intelligent Cloud” revenue of $8.15 billion to $8.35 billion, with Wall Street targeting $8.15 billion; and “Productivity and Business Processes” revenue between…

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Markets News Oil 

The oil market is becoming increasingly dangerous, analysts say — and crude prices are feeling the pressure

“The oil market is likely to become progressively more unpredictable over the coming months, analysts have told CNBC, in the latest sign dynamics shaping crude futures have dramatically shifted since the crude rally began” writes unknown author for cnbc.com. International benchmark Brent crude has tumbled nearly 9 percent from last week’s high of more than $79 a barrel.It’s most recent dip comes amid emerging evidence of higher crude production from OPEC kingpin Saudi Arabia and other members of the Middle East-dominated cartel — as well as Russia and the U.S.…

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Toy maker earnings: Will Toys ‘R’ Us liquidation continue to squeeze Hasbro and Mattel?

“Stock price: Hasbro shares are up 2.8% for the year so far, while Mattel stock is up 4.8% for the period” writes Tonya Garcia for marketwatch.com. Toy giants Hasbro Inc. and Mattel Inc. are facing a number of headwinds when they report second-quarter earnings, scheduled for July 23 and July 25 respectively.Sixteen FactSet analysts have an average hold rating on Mattel stock and an average target price of $16.54. Source: marketwatch.com Share This:

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EBay earnings: Supreme Court sales tax decision is just one of a few headwinds

“Ebay Inc. is scheduled to report second-quarter earnings on Wednesday after the closing bell with the online retailer facing a number of headwinds, including the recent Supreme Court decision in South Dakota vs” writes Tonya Garcia for marketwatch.com. The Supreme Court ruled in June that states can collect sales tax from e-commerce retailers even if the vendor doesn’t have a physical presence in the state.EBay met earnings expectations last quarter and exceeded them each quarter before that since the third quarter of 2013.EBay missed the FactSet revenue estimate last quarter,…

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Johnson & Johnson profit beat fueled by strength in pharma business

“Total sales rose to $20.83 billion from $18.84 billion a year ago, above analysts’ estimates of $20.39 billion” writes Midwest Communications Inc for 95kqds.com. The company’s multiple myeloma drug, Darzalex, had sales of $511 million, above analysts’ consensus estimate of $453 million.Excluding items, the company reported a profit of $2.10 per share, beating analysts’ average estimate of $2.07. Source: 95kqds.com Share This:

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Netflix shares tank after big miss on subscriber growth

“Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index” writes Midwest Communications Inc for 95kqds.com. In after-hours trading on Monday, Netflix shares sunk 14 percent to $343.60, eroding $24.2 billion in market capitalization and down from an earlier close of $400.48.For the current quarter, Netflix projected it would add 5 million customers.(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the…

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Some Netflix analysts cautious ahead of its next quarterly earnings

“The company is also projected to add 5.11 million subscribers internationally and 1.23 million subscribers domestically per FactSet and Street Account, slightly more than its guidance” writes unknown author for cnbc.com. It may be a bumpy road for Netflix as the streaming giant prepares to report its latest quarterly earnings. Source: cnbc.com Share This:

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Deutsche Bank projects Q2 profit above consensus

“Deutsche Bank’s announcement Monday shed some light on the bank’s efforts to reduce costs and in turn boost profit” writes Anthony Shevlin for marketwatch.com. The bank said it expects net income of around EUR400 million ($663.4 million) for the period, compared with a consensus estimate of EUR159 million, and pretax profit of about EUR700 million versus expectations of EUR321 million. Deutsche Bank also said its Common Equity Tier 1 capital ratio, a measure of a bank’s capital strength, is expected to be around 13.6% compared with the average consensus estimate…

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