News 

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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United’s shares surge after second-quarter profit tops Wall Street estimates

“United Continental Holdings shares surged more than 8 percent Wednesday morning after the third-largest U.S. airline raised its 2018 profit outlook and said higher fares are helping to recover most of the surge in fuel costs over the past year” writes Leslie Josephs for cnbc.com. Munoz has also struggled to convince investors that the airline’s aggressive growth plan wouldn’t spark a fare war among airlines. Source: cnbc.com Share This:

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World Cup and warm weather boost growth at Ladbrokes owner GVC 

“Punters having a flutter on the World Cup and the recent run of hot weather helped revenues at gambling giant GVC surge in the three months to June” writes Jack Torrance for telegraph.co.uk. GVC, which was recently promoted to the FTSE 100 after its £4bn acquisition of Ladbrokes Coral, saw an 11pc hike in net gaming revenues – a measure of the amounts wagered minus the cost of paying out winnings.The company said it benefitted from both an overall increase in the bets and an increase in gross win margin,…

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Crypto News 

Bitcoin prices sees biggest daily surge in three months, up more than 10%

“Bitcoin prices surged more than 10% Tuesday, taking the No. 1 digital currency back above $7,000 for the first time in five weeks and on track to record its biggest daily gain since April 12” writes Aaron Hankin for marketwatch.com. In doing so, bitcoin BTCUSD, +0.72% traded above its 50-day moving average, a closely watched momentum indicator.The rally for bitcoin has been aided by four consecutive winning days, which if gains hold also would represent its longest stretch since April.A single bitcoin last changed hands at $7,371.87, up 10.7% since…

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First Words: America Can Never Sort Out Whether ‘Socialism’ Is Marginal or Rising

“In 1912, 6 percent of the presidential vote went to the socialist candidate Eugene V. Debs, setting off predictions of, well, a socialist uprising” reports nytimes.com. “Can you donate $5 NOW to defeat the socialist uprising?” a Republican congressional candidate tweeted in late June — just after Alexandria Ocasio-Cortez, a self-identified democratic socialist, won a New York congressional primary. Source: nytimes.com Share This:

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Cellectar Biosciences shares surge 65% on results of one cancer patient in mid-stage trial

“Cellectar shares have surged 519% over the last three months, compared with a 3.4% rise in the S&P 500 SPX, -0.10% and a 1.1% rise in the Dow Jones Industrial Average DJIA, +0.18%” writes Emma Court for marketwatch.com. CLRBZ, -5.26% shares rose 65% in Tuesday premarket trade after the company announced that one patient in a phase 2 trial for its cancer therapy had a major improvement in the amount of tumor material in her body, or an about 94% reduction. Source: marketwatch.com Share This:

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Markets News Stocks 

FANG surge leads stock market recovery, putting Netflix in spotlight

“Stock valuations are more reasonable now than back in January, with the S&P 500 price-to-earnings multiple at 16, roughly its five-year average” writes Midwest Communications Inc for 95kqds.com. S&P 500 companies are expected to post 20.9 percent earnings per share growth for the second quarter, according to Thomson Reuters data.”They have the kind of top-line growth that is the envy of the rest of the companies in the S&P 500.”.  Source: 95kqds.com Share This:

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News Oil 

Oil could surge to $250 a barrel if Iran follows through with its threat to close a key choke point, analyst says

“Expectations of a sharp increase in international oil prices are only normal in the current geopolitical situation, and yet these expectations tend to be predominantly hypothetical” writes Irina Slav for businessinsider.com. Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RT reports, quoting analysts.This would certainly push prices higher, but hardly as high as US$250 a barrel.What’s more, the U.S. Fifth…

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