Heads-up News 

Tokyo Trading Session Heads Up Tuesday, February 13, 2018

Tokyo opening news digest

Major Averages Posting Modest Losses In Mid-Day Trading – U.S. Commentary

After showing a lack of direction earlier in the session, stocks are seeing modest weakness in mid-day trading on Tuesday. The pullback comes after the major averages moved notably higher over the two previous sessions.

 

Major Averages Turn Mixed After Seeing Initial Weakness – U.S. Commentary

After moving to the downside at the open, stocks have regained ground over the course of the morning. The major averages have climbed off their worst levels of the day, with the Nasdaq bouncing into positive territory.

 

Under Armour Inc. (UA) Is Climbing On Strong Q4 Revenues

Under Armour Inc. (UA) reported fourth quarter non-GAAP EPS of $0.00 Tuesday morning, which was in line with analysts’ estimates. Revenues rose to $1.37 billion from $1.

 

Henry Schein Inc. (HSIC) Is Sinking On FTC Allegations

The FTC has accused Henry Schein Inc. (HSIC) of participating in a conspiracy to refuse to provide discounts to, or compete for, the business of buying groups. The company announced Tuesday morning that it believes that the FTC allegations are meritless and intends to defend itself vigorously.

 

Aqua Metals Inc. (AQMS) Has Broken Out To Over A 2-Month High

Aqua Metals Inc. (AQMS) has been climbing steadily since the open of trade Tuesday and is now up 0.58 at $2.78 on above average volume. The stock has broken out to over a 2-month high.

 

Veeco Instruments (VECO) Is Up Sharply After Better Than Expected Q4 Report

Veeco Instruments (VECO) reported fourth quarter EPS of $0.19 after the bell Monday, up from $0.09 in the previous year. Analysts expected EPS of $0.09. Veeco Instruments gaped up sharply Tuesday morning and has continued to rise in early trade.

 

RingCentral Inc. (RNG) Has Jumped To A New High After Q4 Profit Beat

RingCentral Inc. (RNG) reported fourth quarter non-GAAP EPS of $0.07 after the bell Monday, up from $0.03 a year ago. Analysts expected EPS of $0.06. The company expects to report first quarter EPS of $0.

 

GNC Holdings Inc. (GNC) Has Risen To A 2-Month High On Q4 Results

GNC Holdings Inc. (GNC) reported fourth quarter EPS of $0.25 Tuesday morning, up from $0.07 a year ago. The result was in line with analysts’ expectations. The company also announced it has also agreed to a strategic partnership and China joint venture agreement with Harbin Pharmaceutical Group Holding Co.

 

Chegg Inc. (CHGG) Has Broken Out To A New High On Q4 Earnings

Chegg Inc. (CHGG) reported fourth quarter non-GAAP EPS of $0.15 after the bell Monday, up from $0.10 a year ago. The consensus estimate was for EPS of $0.08. Chegg gapped up at the open Tuesday and has spiked higher in early trade.

 

Stocks May Give Back Ground In Early Trading – U.S. Commentary

Following the strength seen in the previous session, stocks may move back to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 147 points.

 

JetBlue Airways January Traffic, Load Factor Down; Capacity Edges Up

JetBlue Airways Corp. (JBLU) reported that its traffic and load factor decreased, while capacity edged up slightly in the month of January 2018 from the prior-year period.

 




Tower International Posts Loss In Q4, Sees 9% Increase In FY18 Earnings

Tower International Inc. (TOWR) Tuesday reported a fourth quarter net loss attributable to the company of $3.867 million compared to $16.88 million in the prior year.

 

Citi Bank India Bans Use Of Debit, Credit Cards To Buy Cryptocurrency

Citi Bank India has banned the purchase of cryptocurrency using its debit or credit cards. The Indian subsidiary of the multinational Citi group informed the decision in an e-mail sent to all its cardholders Tuesday citing concerns expressed by the Reserve Bank over virtual currencies.

 

Under Armour Announces Additional 2018 Restructuring Plan – Quick Facts

While reporting its fourth-quarter financial results today, Under Armour Inc. (UA) announced an additional 2018 restructuring plan that identifies further opportunities to optimize operations.

 

PepsiCo Q4 Results Beat View; Hikes Dividend, Announces $15 Bln Share Buyback

Snack and beverage giant PepsiCo Inc. on Tuesday reported a net loss for the fourth quarter, reflecting flat revenues and a net tax expense related to the U.S. tax reform.

 

UK Inflation Remains Stable At 3%

UK inflation remained stable in January as downward pressure from auto fuel and food prices was offset by upward effect from recreational and cultural goods. Inflation came in at 3 percent in January, the same rate as seen in December, the Office for National Statistics reported Tuesday.

 

French Payroll Employment Rises In Q4

French payroll employment continued to increase in the fourth quarter, data from the statistical office Insee showed Tuesday. Private payroll employment climbed 53,300 or 0.

 

South Korea Considers Licensing System For Cryptocurrency Exchanges

The South Korean authorities are mulling a licensing system for cryptocurrency exchanges based on the Bitlicense model, a report said. “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies.

 

European Shares Subdued As Euro Gains Ground

European stocks were subdued on Tuesday despite Wall Street striving to recoup more of last week’s heavy losses and Asian markets finishing mostly higher today after the announcement of U.

 

Himax Technologies Q4 Profit Surges

Himax Technologies Inc. (HIMX) Tuesday reported a surge in fourth-quarter net income attributable to the company to $23.549 million from $4.439 million in the prior year.

 

South Africa Jobless Rate Declines In Q4

South Africa’s unemployment rate decreased in the three months ended December, figures from Statistics South Africa showed Tuesday. The jobless rate dropped to 26.

 

FTSE 100 Lackluster After Inflation Data

U.K. shares were subdued on Tuesday after data showed U.K. consumer price inflation held steady at 3.0 percent in January year-over-year, missing expectations of 2.

 

UK House Price Inflation Accelerates In December

British house price inflation accelerated slightly in December, after easing in the previous month, figures from the Office for National Statistics showed Tuesday.

 




CAC 40 Subdued As Euro Strengthens

French shares were marginally lower on Tuesday despite Wall Street striving to recoup more of last week’s heavy losses and Asian markets finishing mostly higher today after the announcement of U.

 

DAX Drifts Lower As Dollar Falls

German stocks opened a tad lower on Tuesday despite Wall Street striving to recoup more of last week’s heavy losses and Asian markets finishing mostly higher today after the announcement of U.

 

Hungary Inflation Remains Stable In January

Hungary’s consumer price inflation held steady at the start of the year, figures from the Hungarian Central Statistical Office showed Tuesday. The consumer price index rose 2.

 

Hungary Dec Industrial Production Growth Unrevised

Hungary’s industrial production growth improved as initially estimated in December, latest figures from the Hungarian Central Statistical Office showed Tuesday. The volume of industrial production climbed a working-day-adjusted 4.

 

Earnings In Focus: Feb. 13 (BIDU, DVA, FOSL)

Check out the few notables companies that are scheduled to release their financial results on Tuesday, February 13, 2018..

 

BHP Billiton Expects Income Tax Expense Of $1.8 Bln Due To U.S. Tax Reform

Anglo-Australian mining giant BHP Billiton plc (BHP.AX, BLT.L, BBL, BHP) said that it expects to recognize an income tax expense of $1.8 billion. The income tax expense is as a result of the U.

 

European Shares Set To Follow Wall Street Higher

European stocks may follow their U.S. and Asian peers higher on Tuesday after the Trump administration unveiled a long-awaited infrastructure plan that includes $200 billion in federal infrastructure spending over 10 years.

 

Yamaha Motor FY17 Profit Up 60.9% – Quick Facts

Yamaha Motor Co. (YAMHF.PK) reported Tuesday that its fiscal 2017 net income attributable to parent company shareholders rose 60.9 percent to 101.6 billion yen from 63.

 

RBA’s Ellis Says Firms Reluctant To Raise Wages

Australian companies are reluctant to grant wage rises as this would increase prices of their products in the face of competitive landscape, Reserve Bank of Australia Assistant Governor Luci Ellis said Tuesday.

 

TUI Q1 Loss Narrows; Affirms FY18 Outlook – Quick Facts

Tour operator TUI AG (TUIFF.PK, TT.L) said Tuesday that its group loss for the first quarter attributable to shareholders was 99.6 million euros, narrower than loss of 117.

 

Dutch Retail Sales Growth Eases In December

Dutch retail sales growth moderated in December after accelerating sharply in the previous month, figures from the Central Bureau of Statistics showed Tuesday. Retail sales climbed 3.

 

European Economics Preview: UK Inflation Data Due

Consumer and producer prices from the UK are due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Hungary’s Central Statistical Office releases consumer prices for January.

 




Chipotle just hired Taco Bell’s CEO to run the company — here are the changes to expect

Chipotle’s new CEO is coming from a very different type of Mexican chain — fast-food icon Taco Bell. Here are the changes you should expect.

 

Ripple CEO: Most cryptocurrencies will go to $0

BI PRIME: Ripple CEO Brad Garlinghouse thinks most alt-coins don’t offer enough value to stick around longterm.

 

Here’s a great explanation of what the blockchain is from the person tasked with explaining it to the world

Jamie Smith, CEO of the Global Blockchain Business Council, talks about blockchain’s development, potential applications, and biggest challenges.

 

BARCLAYS: Oracle just needs one ‘last missing piece’ in its cloud business — but it’s a big one

BI PRIME: Oracle Cloud has strengths in enterprise that its competitors don’t, according to analysts.

 

A new lawsuit casts doubt on what billionaire Steve Cohen’s deputies have been saying for years

BI PRIME: Two senior men named in the lawsuit, Doug Haynes and Mark Herr, have for years pushed a public narrative that Point72 is a welcome place for women – c

 

JPMORGAN: Bitcoin miners are in a ‘hash rate arms race’

Bitcoin miners are in a ‘hash rate arms race’ and that’s driving the cost of minting new bitcoin to all-time highs.

 

Chipotle pops after naming Taco Bell CEO as new head boss (CMG) | Markets Insider

Current Taco Bell CEO Brian Niccol will be the new CEO of Chipotle on March 5.
Shares of Chipotle climbed as much as 10% on the news. 

Shares of Ch…

 

Chipotle taps Taco Bell’s CEO to turn around the struggling chain

Chipotle’s new CEO comes from another Mexican chain — Taco Bell.

 

Smart Valor CEO says you can ‘tokenize’ everything, even her coat

CEO of Smart Valor Olga Feldmeier talks about the tokenization of everything and the future of bitcoin.

 

Trump held a freewheeling White House meeting on trade — and it sounds like some of economists’ worst fears could come true

Lawmakers repeatedly attempted to urge caution on the use of tariffs, while Trump complained about unfair trade praticies by foreign countries.

 

Chipotle chooses Taco Bell CEO as new leader, stock soars 12%

Chipotle Mexican Grill Inc. CMG, -1.23% named Taco Bell Chief Executive Brian Niccol as its new CEO on Tuesday, and shares jumped more than 10%. Chipo

 

Kemper to buy Infinity Property and Casualty in $1.4 billion cash and stock deal

Kemper Corp. KMPR, -0.35% said late Tuesday it has agreed to buy Infinity Property and Casualty Corp. IPCC, -1.03% in a cash-and-stock deal worth abou

 




CafePress announces layoffs, CEO pay cut in effort to return to profit

CafePress Inc. PRSS, +14.29% said late Tuesday it had laid off about 5% of its workforce at its Louisville, Ky., headquarters and given chief executiv

 

Twilio shares rise on earnings beat

Twilio Inc. TWLO, +2.52% shares shot up in the extended session Tuesday after the company beat earnings expectations. Twilio shares surged 5.3% to $27

 

API data reportedly show a rise in U.S. crude supplies

The American Petroleum Institute reported Tuesday that U.S. crude supplies rose 3.947 million barrels for the week ended Feb. 9, according to sources.

 

Baidu shares rise after earnings beat

Baidu Inc. BIDU, +1.79% U.S. shares rose in the extended session Tuesday after the Chinese internet company topped Wall Street estimates for the quart

 

Aflac’s board declares two-for-one stock split

Aflac Inc. AFL, +1.10% said late Tuesday its board of directors has declared a two-for-one stock split in the form of a stock dividend payable March 1

 

MetLife shares lower as company misses EPS expectations

Shares of MetLife Inc. MET, +1.30% fell more than 2% late Tuesday after the insurer reported adjusted fourth-quarter per-share earnings below expectat

 

Cheer Up

Adage:

Money can buy a House…………But not a Home

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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