News Stocks 

Maersk Stock Rises As It Defies Trade Tensions

“Maersk is seen as a bellwether for global trade and it has managed to boost profitability against a tough trade backdrop” writes Callum Keown for nasdaq.com. A.P. Moeller-Maersk’s stock rose on Friday as the Danish shipping line beat profit expectations despite global trade tensions.A.P. Moeller-Maersk’s stock rose on Friday as the Danish shipping group beat profit expectations despite global trade tensions.The profit rise came despite global container trade growth softening to 1.5%, from 2% in the second quarter, because of escalating trade restrictions.The world’s largest container shipping company continued to…

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Maersk profit beats, but shipping giant cuts container outlook on weak economies, trade dispute

“Globally, implemented trade restrictions have likely reduced container trade by 0.5%-1.0% in 2019, Maersk said” writes Dominic Chopping for marketwatch.com. Maersk MAERSK.B, +2.54%  reported a total quarterly net profit of $520 million from $396 million in the year-earlier period.A FactSet analyst poll had expected a net profit of $359 million.Maersk, which is considered a barometer of global trade, confirmed that revenue slipped 1% to $10.06 billion, as guided in a recent announcement.Net profit attributable to shareholders totaled $506 million. Source: marketwatch.com

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News Stocks 

Viacom’s stock jumps after profit, revenue fall less than expected

“VIAB, -2.24% rallied 3.6% in premarket trading Thursday, after the media network and filmed entertainment company reported fiscal fourth-quarter profit and revenue that beat expectations” writes Reporter Editor for marketwatch.com. Revenue slipped 1.5% to $3.43 billion but topped the FactSet consensus of $3.42 billion, as media networks revenue of $2.61 billion beat expectations of $2.58 billion but filmed entertainment revenue of $851 million missed expectations of $865 million. Source: marketwatch.com

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Merck posts higher profit and revenue as it lifts sales forecast

“Merck KGaA said Thursday that net profit for the third quarter increased marginally, while an increase in revenue was supported by the health-care and life-science divisions” writes Carlo Martuscelli for marketwatch.com. On an organic basis net sales grew 5.7%. The company said it forecasts Versum to contribute EUR80 million-EUR90 million to Ebitda pre. Source: marketwatch.com

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Burberry profit and revenue up, but warns of hit from Hong Kong unrest

“Burberry said its revenue was dragged by a double-digit drop in revenue in Hong Kong, where protests hurt sales” writes Cristina Roca for marketwatch.com. Burberry Group PLC on Thursday reported higher pretax profit and revenue for its first fiscal half, but struck a cautious tone for the rest of the year, warning that Hong Kong protests should continue to drag its performance. Burberry backed its fiscal 2020 targets of stable revenue and adjusted operating margin at constant exchange rates.The British luxury-goods company BRBY, +5.34%  posted pretax profit of 193 million…

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Crypto News 

Morning Brief 11.13.19: Libra exec says the project won’t profit off of data

“Boosted by streaming content companies such as Netflix, digital payment technology for subscription services has expanded in the past few years” writes John Adams_kate Fitzgerald for paymentssource.com. Alibaba’s Ant Financial Starts Pre-Launch Testing of Business Blockchain Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its blockchain network aimed to support small and medium-sized businesses.Ingenico, Pundi X dive into crypto payments at POS Multichannel payment technology provider Ingenico Group is partnering with Singapore fintech Pundi X to deliver a point-of-sale terminal that…

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News Stocks 

Surging Earnings Estimates Signal Good News for Teradyne

“Current Quarter Estimates for TER In the past 30 days, six estimates have gone higher for Teradyne while none have gone lower in the same time period” writes Zacks Equity Research for nasdaq.com. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance.These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TER’s earnings for the coming quarter and year.Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge…

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News Stocks 

Canada Goose’s stock surges after profit and revenue rise well above expectations

“Wholesale revenue rose 22% to CAD$219.8 million, above the FactSet consensus of CAD$193.5 million, and direct-to-consumer (DTC) revenue jumped 47% to CAD$74.2 million to beat expectations of CAD$73.7 million” writes Reporter Editor for marketwatch.com. GOOS, -0.28% surged 5.3% in premarket trading Wednesday, after the Canada-based luxury outdoor apparel maker reported fiscal second-quarter earnings that rose well above expectations. Source: marketwatch.com

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