News 

President might have a solid case for emergency declaration, analysts say

“Many legal analysts who watched Donald Trump declare a national emergency over immigration on Friday thought the president had weak legal grounds for doing so” writes Tom Mccarthy for theguardian.com. According to a running list of national emergency declarations compiled by the Brennan Center for Justice, presidents have declared emergencies in 59 instances since the 1976 law was enacted.Legal challenges to Trump’s emergency declaration quickly materialized, with three Texas landowners and an environmental group suing on Friday, 16 state attorneys general suing on Monday and Democrats in Congress promising at…

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Medtronic quarterly profit beats on strength in surgical products

“Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group” writes David Paul Morris for cnbc.com. Revenue rose 2.4 percent to $7.55 billion and beat analysts’ estimate of $7.52 billion.Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion.Excluding items, the company earned $1.29 per share, beating analysts’ expectations of $1.24 per share, according to IBES data from Refinitiv.Medtronic…

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SoftBank’s high leverage is another warning sign on the growing corporate debt crisis

“However, one of the company’s key rating metrics, loan-to-value, has been a negative for credit rating analysts at Moodys and S&P, as reported by Bloomberg” writes Callum Burroughs for businessinsider.com. SoftBank, the giant fund behind investments including Uber, Slack, and WeWork, is under pressure from analysts with a negative sentiment on the company’s net debt and leverage.”It would be a very challenging step to upgrade this company to investment grade.”. Last month the company significantly scaled back planned investment into WeWork amid questions about the viability of the loss-making office…

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News Stocks 

Nvidia surges after beating on profits and sales expectations

“Nvidia shares have fallen 47% from their record high last October, though have climbed 16% so far this year” writes Rebecca Ungarino for businessinsider.com. Shares of semiconductor manufacturer Nvidia surged 8% in after-hours trading on Thursday after the company reported quarterly earnings that topped analysts’ expectations on the top and bottom lines.Here’s what Nvidia reported for its fourth-quarter 2019 results, compared to what analysts surveyed by Bloomberg expected: Nvidia reported record full-year revenue of $11.72 billion.Read more: ‘The crypto-GPU hangover continued’: Here’s what Wall Street is saying about AMD earnings…

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News Stocks 

CenturyLink’s stock plummets to 2-decade low after dividend chopped in half

“But the company said it was lowering its annual dividend rate to $1.00 a share from $2.16 a share, beginning with the next dividend declaration” writes Reporter Editor for marketwatch.com. Based on Wednesday’s stock closing price of $14.70, the previous rate implied a dividend yield of 14.69%.No less than two analysts followed by downgrading the stock and at least eight analysts cut their price targets.At the new annual dividend rate, the yield would still be the highest in the S&P 500 at 7.67% at current prices.The dividend cut will reduce…

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Cisco beats with Q2 revenue of $12.45B, up ~5% YoY, Infrastructure Platforms revenue of $7.13B, up 6% YoY, and Applications revenue of $1.47B, up 24% YoY

“Cisco shares rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that beat analysts’ estimates” writes Jordan Novet for cnbc.com. Cisco said it expects third-quarter revenue to increase 4 percent to 6 percent and for adjusted earnings to come in at 76 cents to 78 cents a share.Applications revenue, including AppDynamics and WebEx, came in at $1.47 billion, topping the $1.35 billion FactSet consensus estimate.Cisco’s largest business segment, which includes data center switches and routers, came in at $7.13 billion, above the…

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Qualys, Twilio shares drop following outlooks that miss Street view

“Qualys shares fell 14% to $82.60, after touching an intraday low of $80.26” writes Wallace Witkowski for marketwatch.com. Twilio shares dropped 6.6% to $107.69 after touching an intraday low of $105.60.Qualys QLYS, -14.59%  shares started falling late Tuesday after the cloud-security company’s forecast for the first quarter fell below Wall Street expectations.Qualys Inc. and Twilio Inc. shares fell Wednesday after each company reported quarterly earnings late Tuesday and forecast a weaker-than-expected first quarter, but analysts saw different reasons for the respective stock selloffs.Of the 20 analysts who cover Twilio, 18…

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Crypto Markets News 

Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices

“New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8” writes Ana Berman for cointelegraph.com. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies.The outlook further states that much anticipated institutional investments will also increase in 2019 due to the developments in custody solutions and over-the-counter (OTC) trading, thus contributing to the crypto price recovery.Fundstrat’s analysts also believe that emerging market equities will outperform U.S. stocks and bonds, thus creating a friendly environment for crypto.He posted an introduction to…

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News Stocks 

Amazon is down since woes for Bezos began, but analysts say not to worry

“The personal woes for Bezos began when he announced the plans to divorce his wife of 25 years on Jan.9, leaving the whole industry speculating how it could impact Amazon shareholders and Bezos own 16 percent stake” writes Andrew Harrer for cnbc.com. “I would be surprised if it had a negative impact on Amazon.Bezos, Amazon’s single largest shareholder and the world’s richest man, revealed in a personal online post Thursday night that the Enquirer allegedly tried to blackmail him, showing emails threatening to publish nude selfies and details of his…

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