Global equities have held up fairly well in light of the generally negative news flow, entirely driven by the United States, where stocks are up 9.6% year to date, while the euro area, Japan and emerging markets have underperformed. Broader style and sector leadership remains intact with cyclicals and growth outperforming defensives and value. In this context, the Research team from AXA IM points that earnings momentum remains “robust” with the second quarter earnings season posting “positive growth” and “surprising” on the upside across most major regions.
Southwestern Energy (NYSE:SWN) – Equities research analysts at Capital One Financial raised their Q3 2018 earnings estimates for shares of Southwestern Energy in a report issued on Tuesday, September 4th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.18. Capital One Financial also issued estimates for Southwestern Energy’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.89 EPS and FY2019 earnings at $1.14 EPS.
A new report from a government watchdog concludes that Equifax left information vulnerable on several fronts that led to hackers getting access to the sensitive personal information of millions of Americans.
Oil prices fell on Friday for the third straight session, weighed down by a strong dollar, weakness in the equity markets, and Tropical Storm Gordon’s smaller-than-expected impact on U.S. Gulf Coast oil production.
A weaker dollar is not the ingredient for a gold rally.
U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, the clearest signs that the economy was so far weathering the Trump administration’s escalating trade war with China.
A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
Emerging-market stocks briefly fell into bear-market territory on Thursday amid tighter U.S. monetary policy, worries about global trade and economic meltdowns in Argentina and Turkey.
The Federal Reserve should continue to raise rates at a gradual pace should the U.S. economy continue to do well, Boston Fed President Eric Rosengren said Friday.
Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.