In this series, we’ll discuss the September FOMC meeting minutes in detail and decide how the meeting minutes have changed the outlook for markets.
Johnson & Johnson (JNJ) is set to release its 3Q17 earnings on October 17. Analysts expect JNJ’s 3Q17 revenues to rise ~8.3% to ~$19.3 billion compared to ~$17.8 billion for 3Q16.
Twitter (TWTR) is scheduled to release its 3Q17 results on October 26. In 2Q17, its adjusted EPS (earnings per share) of $0.08 beat the consensus estimate by a margin of $0.03.
The last few days have seen a rise in precious metal prices. However, on Wednesday, October 11, 2017, the prices of these loved metals fell.
Of the three analysts covering Sanofi in October 2017, two have rated the stock a “strong buy,” and one has rated it a “hold.”
The Minneapolis-based Supervalu (SVU) is slated to report its second-quarter 2018 earnings results on Wednesday, October 18.
On October 12, 2017, US crude oil (USO) (DBO) (USL) active futures fell 1.4% and settled at $50.6 per barrel.
November WTI (or West Texas Intermediate) crude oil (USO)(UCO) futures contracts fell 1.4% and closed at $50.60 per barrel on October 12.
ConocoPhillips (COP) is set to report its 3Q17 earnings on October 26, 2017, before the market opens.
Seadrill (SDRL) filed for Chapter 11 bankruptcy protection in September. The company had applied for a “first-day” motion, and on September 13, it got approval from the court.
In this series, we’ll look at Wall Street analysts’ recommendations for auto stocks before the auto industry’s 3Q17 earnings season begins.
Analysts expect the US-based (SPY) Juniper (JNPR) to post revenue of $1.29 billion in 3Q17. Wall Street has a high revenue estimate of $1.35 billion and a low estimate of $1.25 billion for 3Q17.
The AAR’s weekly data reflected a 6.3% rise in overall rail freight traffic in the US, reaching ~555,000 intermodal units and carloads in the 40th week of 2017.
Edwards Lifesciences (EW) has scheduled its 3Q17 earnings release for October 24, 2017. This leading player in the artificial heart valves market has been gaining momentum and trading near its 52-week high.
William Companies has been underperforming the Alerian MLP ETF (AMLP) since the beginning of this month. Williams Companies has risen 0.5% in October.
In September 2017, Genesee & Wyoming (GWR) reported a rise of 0.2% in its North American carloads—compared to the same period last year.
So far, agricultural fertilizer stocks haven’t delivered impressive returns this year. Most of the stocks have been in negative territory in 2017.
Whiting Petroleum will release its 3Q17 earnings on October 25 after the market closes. Analysts’ consensus revenue estimate for 3Q17 is $328.5 million.
On October 4, 2017, the European Commission ordered Amazon (AMZN) to pay $294.0 million in back taxes to Luxembourg, stating that “Luxembourg gave illegal tax benefits to Amazon.”
So far in October, of the 22 analysts covering Eli Lilly (LLY), four have suggested a “strong buy,” while ten analysts have suggested a “buy.”