Here are five things you need to know for Thursday, July 19:
1. – Inventories of trade fears are sinking
U.S. Stock futures pointed to Thursday, July 19, and global equities were trading lower, as trade war concerns dampened gains.
Data from Japan on Thursday showed greater trade concerns with exports from the world's third largest economy in the United States fell 0.9% in June – the first decline in 17 months – even as the country's trade surplus thanks to slowing imports US goods rose to 5.24 billion dollars.
US Businesses have begun to question the implications of Donald Trump's trade policy, according to the Federal Reserve's "Beige Book" study of the regional business climate for June. The Fed said manufacturers in all 1
Fed Chairman Jerome Powell reiterated these concerns during his second day of testifying to Congressman in Washington, telling the House Financial Services Committee that while we still do not see it in the numbers collected, there is a $ 20 trillion Dollar economy is and these things take time to perform … we hear many stories from companies that are worried and are now starting to make investment decisions or not to hit them.
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2 – IBM Rises as Profit Top Forecasts
International Business Machines Corp. (IBM) rose 3% in pre-IPO trading, after $ 3.08 in the second quarter of adjusted earnings surpassed estimates and revenues increased from $ 19.3 billion a year ago to $ 20 billion USD Raised.
IBM also reiterated its full-year guidance for earnings of "at least" $ 13.80 per share and free cash flow of approximately $ 12 billion.
The driving force behind the technology giant's second quarter was the system gloom nt, which covers the sale of hardware and related operating systems. Sales increased 25% to $ 2.18 billion, exceeding expectations of $ 1.85 billion.
But while the systems segment outperformed, the IBM cognitive solutions segment, which covers much of the company's software business and is by far the most profitable segment, posted a small revenue of $ 4.58 billion Fourth of a year ago and below consensus, $ 4.76 billion
At a conference call, Chief Financial Officer Jim Kavanaugh said that revenue in the IBM cognitive solutions segment was driven by "transitions" in talent, collaboration and commerce -Softwaregeschäften was loaded. IBM insisted on modernizing its offerings in these areas. Regardless, the performance of cognitive solutions remains that of software peers such as Microsoft Corp. (MSFT) and SAP SE (SAP) far ahead of Eric Jhonsa of TheStreet.
. 3 – Microsoft, Danaher, Nucor Report Income
Income reports will be filed Thursday by Microsoft, Bank of New York Mellon Corp. (BK), Danaher Corp. (DHR), Domino's Pizza Inc. (DPZ), Nucor Corp. (NUE), Travelers Cos. (TRV), Union Pacific Corp. (UNP) and Philip Morris International Inc. (PM).
Microsoft, Nucor and Danaher are on Jim Cramer's Action Alerts PLUS member club. Would you like to be warned before Jim Cramer buys or sells the stocks? Learn more now.
4. – John Schnatter Held Talks on Merging Papa Johns with Wendy's
John Schnatter, Papa Johns International Inc. (PZZA) Founder and recently ousted chairman, held talks to open the pizza company with Wendy's Co . (WEN), The Wall Street Journal reported citing persons who were familiar with the matter.
The conversations between Wendy's officials and Schnatter, who remains on the board and owns 29% of Papa Johns, were preliminary and started before resigning as chairman last week for making racist comments on a media training call. The conversations that Papa John's board was aware of have cooled off since the incident, one of the people told the journal.
Separately, Schnatter said it was "a mistake" for him to step down as chairman. In a letter to the board, he accused him of forcing him to resign without conducting any inquiries. Schnatter also accused the board of acting on the basis of "rumors and allusions".
. 5 United Health Health Eyes Tenet's Subsidiary in Conifers Report
UnitedHealth Group Inc. (UNH) is a healthcare subsidiary of Tenet Healthcare Corp. (THC), Conifer, in a $ 2 billion business, a report said.
A story in the online edition of The Wall Street Journal citing people with the matter reported late Wednesday, July 18, that it was not known who the other potential candidates for Conifer were for a business , which accounted for 8% of Tenet's sales last year. The report also stated that there is no assurance that UnitedHealth will enter into a contract with Conifer and that Tenet may not sell the deal.
UnitedHealth is a holding company in Jim Cramer's Action Alerts PLUS member club. Would you like to be warned before Jim Cramer buys or sells UNH? Learn more ..
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