The Dow Jones, the S & P 500 Index and the Nasdaq Composite retreated into a volatile market as Trump's trade war fears increased and decreased, with [NASA] and bank stocks refueling on a Friday rebound. Crude oil prices reached multi-year highs. General Electric (GE), thrown out of the Dow Jones, announced a partial separation. Amazon.com (AMZN) is moving the pharmacy and the shipping industry. Harley-Davidson (HOG) said that due to tariffs, it would relocate some production to Europe, angering President Donald Trump.
Trump-Fed Stocks, Fed
The Dow Jones, S & P 500 Indexes and Nasdaq Composite were sold on Monday and Wednesday, with important support levels broken or tested as concerns over Trump trade wars movements passed against Chinese investment. All three fell for the week, even with gains on Thursday and Friday. In 2018, the Dow Jones fell 1.8%, while the S & P 500 rose 1.7% and the Nasdaq 8.8%. The Treasury yield curve continued to lull, signaling concerns over Fed interest rate hikes on the road. Banks, which had been under pressure for weeks on the flattening yield curve, rebounded on Friday after the Fed cleared most to earn dividends and buybacks. Energy stocks rebounded as crude oil prices rose. GE has published its restructuring plan. Nike embarked on a US sales revival and a large buyback.
Crude oil prices rose more than 8% to $ 74.15 a barrel, their highest level since 2014 on supply issues from North America and Iran. The Trump administration warned the Allies to stop importing Iranian crude oil by November. Meanwhile, an important oil sands facility in Canada will be shut down by August. US crude oil inventories fell 9.9 million barrels, more than expected, while gasoline shipments rose 1.2 million barrels, according to weekly data from the Energy Information Administration. Domestic output was flat at 10.9 million barrels a day last week.
GE Plans Big Shakeup to Dow Exit
General Electric (GE) ended the Dow Jones Industrial Average over a century saying it wants to shrink even further. The industrial giant, which seeks to reduce and simplify debt, will divest GE Healthcare and divest its majority holding in the Oilfield Services Company Baker Hughes (BHGE). After previous, smaller divestments, GE now focuses on aviation, electricity and renewable energy. The decisions followed a one-year "deep dive" of new CEO John Flannery, a period in which GE's stock crashed in two. Analysts warned of another cut in dividends and the second, as both payout and earnings outlook were disrupted last year. GE's share rebounded after plummeting to multi-year lows
Nike rose to profit, US sales, repurchase
Nike earnings rose 15% to 69 cents a share at 13% revenue growth to 9, $ 79 billion EPS and $ 9.39 billion in sales. Sales in North America increased 3% from three direct quarters year-over-year. The world's largest sportswear brand also announced a $ 15 billion share buyback program. Nike shares rose 11% on Friday, reaching a new high.
Harley-Davidson's Week: A Savage
Harley-Davidson was beaten last week by a 25% tariff from The European Union is then defeated by President Trump for having named the "White Flag." "has panned. The legendary motorcycle manufacturer said the EU tax – retaliation for Trump's steel and aluminum tariffs – would cost around $ 100 million a year. After announcing a plan to relocate production to Europe to avoid the blow, Harley took fire from Trump's tweets. Analysts see some risk that Harley-Davidson could sustain a long-term reputation. The Harley stock has withdrawn.
Amazon upsets two other industries
Amazon turned into small business on Thursday to disrupt two key industries. Its offer to buy the online pharmacy PillPack with a turnover of 100 million US dollar in the year 2017 helped Amazon to a conversion of 300 billion US dollar. But it has shaken many health supplies. New Dow Jones Share Walgreens Boots Alliance (WBA) lost 9.9% on Thursday. CVS Health (CVS), which buys insurers Aetna (AET) has fallen in part in anticipation of Amazon's entry into the pharmacy space by 6.1%. Drug Distributor McKesson (MCK) fell 6.1%. Amazon also said that it would help entrepreneurs to launch local companies that deliver Amazon packages with fleets of up to 40 vehicles. The plan helped reduce UPS 'holdings by 2.3% on Thursday and 1.3% on FedEx.
Fed Shortens Morgan Stanley, Goldman Payouts
The Federal Reserve released the second and final round of its annual stress tests, sparking most of its shareholders' distribution plans for the country's largest financial firms. Wells Fargo (WFC) raised its buyback and dividend plan on Friday. But JPMorgan Chase (JPM) and many other bank stocks cut gains or closed lower. However, the Fed limited the disbursement plans of Morgan Stanley (MS) and Goldman Sachs (GS) and failed at the US division of the contested Deutsche Bank (DB) , The Fed said Morgan and Goldman would "maintain their capital distributions at the level of recent years" after their capital ratios fell below the Fed's minimum – the result of a one-off reduction due to the tax reform. Goldman and Morgan were close to missing the Fed's minimum on an important leverage ratio in the first round of testing.
Busy week for IPOs in 3 years
Last week, 11 initial public offerings brought in around $ 2.8 billion. Several IPOs posted double-digit gains on the first day of trading. Among biotech new orders, Neuronetics (STIM) collected 63% in their debut and Tricida (TCDA) rose by 37%. The largest IPO was BJ's Wholesale Club (BJ), which raised $ 637.5 million as stocks rose 29% on the first day. Furniture Dealer Lovesac (LOVE) jumped 50% on the first day of trading.
Canopy Growth, Constellation Disbursement
Canadian Marijuana Producer Canopy Growth Corp. (CGC) reported its first quarterly profit as a US-listed company. Canopy lost a steeper loss than a year ago, spending more on investment before the exposure analysis in Canada. Beer-and-wine giant Constellation Brands (STZ), which has participated in Canopy, reported earnings per share for the first quarter that missed the estimates, with sales remaining nearly flat. Constellation shares crashed on Friday.
Sonic Sales, Leadership Hit Stock
Sonic's profit rose 21% to 52 cents a share, better than the consensus for 49 cents EPS, but sales slipped more-than-expected and dropped nearly 5% to $ 118 million Analysts for $ 120 million in sales. The fast-food drive-in chain now projects full-year earnings of $ 1.45 to $ 1.49, compared to $ 1.43 to $ 1.50 in the past. The narrower guidelines imply a consensus Q4 EPS. Shares decline.
Homebuilder Top Views
Lennar (LEN) picked up after earnings estimates were pulled down on Tuesday, even though the largest US homebuilder declined during the week. Meanwhile KB Home (KBH) rose Friday after the builder had scored a double hit on Thursday
Breaking News  Carnival (CCL) – shares dropped to the lowest level more than a year after the cruise line reduced its year-round EPS outlook from $ 4.20 – $ 4.40 to $ 4.15 – $ 4.25. Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL) stocks also fell as Carnival warned of fuel costs and foreign exchange rates.
Paychex (PAYX) retreated from a potential of 73.20 buy points after reaching the quarterly earnings and sales below the estimates. The payroll service provider expects revenue growth of 6% to 7% for fiscal year 2019 and EPS growth of 11% as it counters existing and new competitors such as cloud-based Paycom Software (PAYC).
Walgreens Boots Alliance announced a $ 10 billion buyback and a quarterly dividend increase to 44 cents. The drugstore also outperformed the earnings outlook and moderately higher. Same-store sales, however, declined. Following the purchase of PillPack from Amazon, stocks plunged to their lowest levels in three years.
Akamai Technologies (AKAM) lowered its revenue guidance due to the headwind of the currency, but increased its EPS forecast to higher than expected operating efficiencies] Accenture (ACN) posted a profit trend in the third quarter. The global IT services company has made acquisitions to develop digital, cloud and cybersecurity products.
GW Pharmaceuticals (GWPH) rose as the FDA approved its cannabis-based drug Epidiolex for the treatment of two seizure disorders. 19659027] WWE exploded after it arrested larger than expected deals with 21st Century Fox (FOX) and Comcast (CMCSA) to broadcast its shows.
Boeing (BA) raised a sell-off after China had "strengthened" the purchase commitments of its European rival Airbus (EADSY) in the face of continued trade tensions with the US during the week, staying below its 50 Day moving average.
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