AMERICAN EXPRESS EARNINGS BEAT, REVENUE MISSES IN Q2

Posted by Research Desk in Trade Ideas on July 24, 2020

Payments Giant American Express reported mixed second-quarter results on Friday, amid concerns that the economic recovery is stalling after a resurgence in coronavirus cases. American Express shares are down 22% from the beginning of the year, still down 30.02% from its 52 weeks high of $138.13 set on January 24. They are underperforming the S&P

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TWITTER SHARES RISE ON RECORD YEARLY GROWTH IN DAILY USERS

Posted by Research Desk in Trade Ideas on July 23, 2020

Twitter Inc on Thursday reported its highest-ever yearly growth of daily users who can view ads, beating analysts’ estimates on usage and sending its shares up 6% in pre-market trading. Twitter’s average monetizable daily active users (mDAU) increased 34% year over year to 186 million, above analysts’ estimate of 176 million, in a rise it

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COCA-COLA EARNINGS BEAT, REVENUE MISSES Q2 ESTIMATES

Posted by Research Desk in Trade Ideas on July 21, 2020

Coca-Cola Co reported a 28% drop in adjusted quarterly revenue on Tuesday as sales of its sodas were battered by the closure of restaurants, theaters, and sporting venues due to lockdowns to contain the spread of the novel coronavirus. Coca-Cola shares are down 16% from the beginning of the year , still down 23.30% from

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HALLIBURTON POSTS THIRD-STRAIGHT QUARTERLY LOSS ON SHALE SLUMP

Posted by Research Desk in Trade Ideas on July 20, 2020

Oilfield services giant Halliburton Co posted its third straight quarterly loss on Monday as it took a $2.1 billion impairment charge amid a slump in oil prices and the resulting collapse in drilling by North American customers. Demand for drilling services and oilfield equipment offered by Halliburton and rivals Schlumberger and Baker Hughes sank after

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MORGAN STANLEY PROFIT JUMPS 45% ON TRADING BOOM

Posted by Research Desk in Trade Ideas on July 16, 2020

Morgan Stanley on Thursday posted second-quarter results that blew past analysts’ estimates on stronger-than-expected trading revenue. Morgan Stanley’s report follows earnings beat by JP Morgan on Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B. Investment banking revenue climbed 39% to $2.05 billion, fuelled by

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