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Honeywell shares surge 3% premarket after company tops estimates and raises guidance

“The company raised its 2018 guidance, and now expects EPS of $8.05 to $8.15, ahead of the FactSet consensus of $8.03” writes Ciara Linnane for marketwatch.com. Aerospace and defense company Honeywell Inc.’s shares HON, -1.08% rose 3% in premarket trade Friday, after the company beat estimates for the second quarter and raised its guidance for the full year.Sales rose 8% to $10.919 billion from $10.078 billion, also ahead of the FactSet consensus of $10.805 billion.Adjusted per-share earnings came to $2.12, ahead of the FactSet consensus of $2.01. Source: marketwatch.com Share This:

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The S&P 500 is now just 2% from a record and tech earnings could push it over the top

“Recently, United Airlines, Textron, WW Grainger, and CSX all beat and raised guidance (CSX raised revenue guidance)” writes David Paul Morris for cnbc.com. They key will be technology earnings.”The earnings season indicates that the combination of tax cuts and a strong economy are clearly more powerful than trade worries,” Young told me.Tech is 26 percent of the weighting in the S&P 500, and Christine Short from Estimize told me they are looking for 25 percent earnings growth and 15 percent revenue growth in technology alone. Source: cnbc.com Share This:

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United shares higher on earnings beat, upped 2018 guidance

“United said it expects full-year 2018 adjusted earnings between $7.25 and $8.751 a share, from previous expectations of earnings between $7 and 8.50 a share” writes Claudia Assis for marketwatch.com. UAL, +0.50% rose more than 3% late Tuesday after the company reported better-than-expected second-quarter earnings and upped its projections for this year’s profits. Source: marketwatch.com Share This:

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Infosys’s stock set to pull back sharply from from 18-year high after Q1 results

“Separately, the company said it approved a bonus issue of one equity share for each equity share held, as well as a stock dividend of one American Depositary Share (ADS) for every ADS held” writes Reporter Editor for marketwatch.com. Operating margins of 23.7% was at “the upper quartile of the guidance,” while fiscal 2019 guidance was maintained at 22% to 24%. Source: marketwatch.com Share This:

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Asylum seekers, refugees will be turned away before they can plead their case under new border policy

“Thousands of asylum seekers and refugees at the U.S. border could be turned away before having the ability to plead their case in court under a new Trump administration policy” reports washingtonexaminer.com. The guidance also instructed officers to consider if the immigrant crossed the border illegally when weighing in on their claim for asylum, which could lead to asylum seekers and refugees with legitimate fears of persecution to be turned away if they crossed the border illegally.The announcement of this new policy comes shortly after Attorney General Jeff Sessions said…

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Delta’s guidance comes up short as rising fuel costs weigh

“Delta Air Lines reported better-than-expected second-quarter results Wednesday morning, but guided earnings below Wall Street estimates because of rising fuel costs” writes Jonathan Garber for businessinsider.com. Delta says its pre-tax income of $1.6 billion was hampered by a $600 million impact from higher fuel prices.Delta sees fuel its fuel price in a range between $2.32 and $2.37 in the third quarter, and $2.20 to $2.30 for the full year. Source: businessinsider.com Share This:

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70 education leaders ask Betsy DeVos, Jeff Sessions to preserve guidance on racial disparities in school discipline

“Dozens of leaders from across the country sent a letter to Education Secretary Betsy DeVos and Attorney General Jeff Sessions on Tuesday, asking them not to remove an Obama-era federal guidance that sought to eliminate racial disparities in school discipline” reports washingtonexaminer.com. She replaced the guidance, which required a “preponderance of evidence,” with a “clear and convincing” evidentiary standard.DeVos rescinded an Obama-era guidance last year regarding how schools should handle sexual assault allegations on campus. Source: washingtonexaminer.com Share This:

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Weak sales of Samsung smartphones drag down profits 

“Samsung Electronics forecasted its first profit decline in seven quarters on Friday, with analysts pinning the blame on weak sales of its smartphones” writes James Cook for telegraph.co.uk. The Korean giant issued profit guidance on Friday of 14.8 trillion Korean won (£10bn) in operating profit for the April-June quarter, down from 15.6 trillion in profit from the previous quarter.The guidance ends a lengthy run of record profits for the Korean electronics company, which has seen a downturn in sales of its flagship smartphone products, analysts said. Lee Won-sik, an analyst at…

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