News Stocks 

Splunk stock rises more than 6% after earnings beat

“SPLK, +0.02% stock rose more than 6% in the extended session Thursday, after the software company topped Wall Street expectations for earnings and sales” writes Max A for marketwatch.com. Analysts surveyed by FactSet expected adjusted earnings of 54 cents a share on sales of $604.6 million. Splunk stock has gained 21% this year, as the S&P 500 index SPX, -0.16% rose 24%.For the fiscal fourth quarter, analysts expect earnings of $1.03 a share and sales of $770 million. Source: marketwatch.com

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News Stocks 

Gap stock bounces back after earnings beat diminished expectations

“GPS, -0.37% earnings beat diminished expectations Thursday afternoon in the wake of a shakeup, sending shares higher in late trading” writes Jeremy C for marketwatch.com. After adjusting for separation and restructuring costs, the company reported earnings of 53 cents a share, down from 68 cents a share a year ago. In after-hours trading Thursday, shares gained more than 3%.On Thursday, the company reported third-quarter earnings of $140 million, or 37 cents a share, on sales of $4 billion, down from $4.09 billion a year ago.Analysts on average projected adjusted earnings…

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News Stocks 

Cubic’s stock suffering worst day in 32 years after earnings miss, J.P. Morgan downgrade

“J.P. Morgan analyst Mark Strouse to downgraded Cubic to neutral from overweight and slashed his stock price target to $67 from $78” writes Reporter Editor for marketwatch.com. The stock was still up 11% year to date, while the S&P 500 SPX, +0.00% has gained 24%.That would be the biggest one-day drop for the stock since it tumbled 22.4% on Oct. 20, 1987. Source: marketwatch.com

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Markets News Stocks 

U.S. leading indicators fall for third straight month, adding more evidence of slowing economy

“The leading economic index fell 0.1% in October to mark the third straight decline, the Conference Board said Thursday” writes Jeffry Bartash for marketwatch.com. The numbers: Economic growth in the U.S. has softened considerably since the end of the summer, according to an index that measures the nation’s economic health.What’s kept the economy going is strong consumer spending, the byproduct of the best labor market in decades.The U.S. is unlikely to grow much faster until trade tensions with China are either reduced or resolved.The LEI is a weighted gauge of…

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Markets News Stocks 

AMD share gains will start getting harder, analyst says in downgrade

“Richard said that AMD has been successful in growing its market share in recent quarters” writes Emily Bary for marketwatch.com. AMD’s stock is up 122% on the year, while Lam shares are up 101% and KLA shares are up 94%.AMD shares are off about 2.1% in Thursday morning trading but have retained the top spot on the S&P 500’s SPX, -0.13%  year-to-date leaderboard for the time being.He estimates that PC and server revenue increased 81% on a year-over-year basis in the third quarter, while Intel Corp.’s INTC, +0.22%  fell by…

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GBP News Stocks 

British stocks close lower on China trade concerns; Centrica rallies

“British stocks closed lower Thursday amid worldwide concern over the state of U.S.-China trade talks” writes European Markets Editor for marketwatch.com. Of stocks on the move, Centrica CNA, +9.11%  rallied 8% as the electricity and gas supplier said third quarter trading was stable and it cut its capital investment budget. Source: marketwatch.com

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Brokers News Stocks 

Here’s how U.S. brokerage companies rank by one very important measure

“The list also excludes asset managers and life insurance companies, many of which provide investment management and brokerage services to their customers” writes Investing Columnist for marketwatch.com. These three companies have relied heavily on interest income from deposits that their brokerage customers place in their subsidiary banks.For Schwab, TD Ameritrade and E-Trade, low commissions are nothing new, although Schwab’s recent push to eliminate most online commissions has pushed the entire industry in that direction. Source: marketwatch.com

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News Stocks 

Xerox says it’s ‘determined’ to pursue HP buyout and ‘confused’ that its offer was rejected

“Our offer represents a 57% premium to Goldman’s price target and a 29% premium to HP’s 30-day volume weighted average trading price of $17.”” writes Emily Bary for marketwatch.com. In the letter from Xerox Chief Executive John Visentin, he said he was “confused” that HP’s board rejected Xerox’s acquisition offer of $22 a share, which consisted of $17 a share in cash and 0.137 Xerox shares for each HP share.XRX, +1.44% sent a letter to HP Inc.’s HPQ, +0.69% board on Thursday, writing that it is “determined to expeditiously pursue”…

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Markets News Stocks 

The world’s best-performing stock just became the world’s worst overnight

“Shares of marble-miner ArtGo 3313, -97.94% were down 98% Thursday, shedding $5.7 billion in market value in the process” writes Shawn Langlois for marketwatch.com. A day later, and the stock, which had rallied 3,800% since the beginning of the year, is in a death spiral.Among global companies with a market cap of at least $1 billion, ArtGo, prior to Thursday’s brutal session, had enjoyed the biggest gain of the year, according to Bloomberg. Source: marketwatch.com

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Brokers News Stocks 

Schwab and Ameritrade in the spotlight: Are broker stocks worth buying?

“Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies” writes Nigam Arora for marketwatch.com. When we give a buy signal, we will give a buy zone, stop zone and target zone.One of The Arora Report portfolios also has a long-term position in broker-dealers and securities-exchange ETF IAI, +0.49%. Source: marketwatch.com

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