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Archive US: Trading

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • *Europe stock index drops, Germany's DAX down nearly 2 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • July 21- U.S. stock indexes were lower in late morning trading and pulled back from record levels as weak earnings from industrial heavyweight General Electric weighed. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, as the company reported a nearly 60 percent slump in profit and its 2017 profit forecast came in at the low end.

  • NEW YORK, July 21- U.S. Treasury yields fell on Friday in step with European yields as the euro hit a near two-year high against dollar, raising doubts whether the European Central Bank would scale back its bond purchases later in 2017. The U.S. and Bunds spread is moving on that after the ECB meeting, " Subadra Rajappa, head of U.S. rates strategy at SG Corporate&...

  • *GE falls as quarterly profit slides nearly 60 pct. July 21- U.S. stock indexes opened lower on Friday, as industrial heavyweight General Electric's tepid results weighed on investor sentiment. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, despite the results beating estimates, as the company reported a nearly 60 percent slump in...

  • Helmerich& Payne dropped 5.5 percent. General Electric fell 2.9 percent after a disappointing profit forecast. European stocks tumbled following a report the European Central Bank will make a decision about reducing its economic stimulus in October.

  • *GE lower after profit slumps nearly 60 pct. July 21- U.S. stock indexes looked set to open slightly lower on Friday, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell. The Nasdaq notched its 10th straight record close on Thursday, marking its best streak since February 2015.

  • KANSAS CITY, Mo. _ Kansas City Southern on Friday reported second-quarter earnings of $134.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. Kansas City Southern shares have climbed 23 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 10 percent.

  • COLUMBUS, Ohio _ Huntington Bancshares Inc. on Friday reported second-quarter earnings of $271.7 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Huntington Bancshares shares have climbed roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • July 21- U.S. stock index futures were slightly lower on Friday, but continued to hover around record levels, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell. *The tech sector has been the best performing S&P sector this year, despite concerns over stretched valuation, as investors look for growth in an...

  • NEW YORK _ Moody's Corp. on Friday reported second-quarter profit of $312.2 million. Moody's expects full-year earnings in the range of $5.35 to $5.50 per share. Moody's shares have risen 35 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10 percent.

  • NEW YORK _ Colgate-Palmolive Co. on Friday reported second-quarter earnings of $524 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 72 cents per share. Colgate-Palmolive shares have climbed 10 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 10 percent.

  • General Electric slumped after the company issued a weak forecast. European stocks fell and European government bond prices rose after a report said the European Central Bank will make a decision about reducing its economic stimulus in October. POWER DOWN: General Electric tumbled after the company disappointed investors by saying it expects to reach only...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • This is what investors should watch in the homebuilder sector (Hint: it's not Amazon)

    The latest housing starts data was positive but news from Amazon sent shares of home improvement retailers tumbling. Matt Maley of Miller Tabak reminds investors of what's really important.

  • Why a stock that’s quadrupled this year could rise even higher

    There could be much more upside for surging shares of Applied Optoelectronics, according to Raymond James analyst Simon Leopold. He discusses with Eric Chemi.

  • The stock that’s surged 300 percent this year

    Shares of obscure technology company Applied Optoelectronics are on an incredible heater. Raymond James analyst Simon Leopold discusses the move with Eric Chemi.

  • SUNNYVALE, Calif. _ Intuitive Surgical Inc. on Thursday reported second-quarter earnings of $221.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.74 per share. Intuitive Surgical shares have climbed 53 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10...