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Silence, for now. Revenues lower than expected in Japan
NTT Data
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Fast Retailing
(9983.JPG), the owner of the Uniklo brand, helped reduce Asian stocks. European stocks are more modest, but the United States markets have shrugged that positive sign. Futures on Dow Jones industrial average were 0.4% lower, Composite futures were down 0.3%, and S & P 500 futures were close to the fracture line. In today's Morning Movers, we …
- … re-test your earnings;
- … Sign up for upcoming events;
- … and comfort on high school students.
Barron's Briefs
- Buffett Delivers: In other news on earnings,
Berkshire Hathavai(BRK.B) published results during the weekend. Do not forget to have more industrial income than
Honeivell(HON) and more revenue from the railroad than
Union Pacific(UNP). Margins in industrial business were less than a year, as higher costs for raw materials and logistics affected the results. This is in line with what other industrial companies have reported in this quarter.
- Watch sellers: About 25% of S & P 500 companies have not yet reported earnings. Retailers are the group with the highest percentage remaining in line. As for wage growth and lower line estimates, the third quarter was as good as the second quarter. This is probably part of the reason S & P jumped last week and closing at 2.4%.
- Conference Carousel: As the earning season ends, the conference season begins. Managing teams meet with investors who will pump companies for information about 2019. Banks of America Merrill Linch, R.V. Baird and Stifel host this week's conference. Also, DovDuPont (DVDP) will host investor days to provide further details of three separate companies that will become next year.
- And Breaking Nevs! The election, which this week will dominate the newspapers, Tuesday. The focal point is the House of Representatives. RealClearPolitics says that 202 homesteads are safe in the Democratic Community camp, 196 safe in the republican camp and 37 places are closely opposed. It takes 218 to have the majority in the House. In the Senate, these are indicators in RealClearPolitics 44 Democratic cities, 50 republican sites with 6 tables in the Senate. Sign up with Barron on Wednesday to find out how the outcome will affect the markets.
Numbers Bi Barron is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher and wherever you get your podcasts – as well as on your smartphone Amazon Alec
Morning Movers
Apple
(AAPL) drops 1.5% to $ 204.30 in reports of the abolition of an increase in iPhone XR production.
Berkshire Hathavai rose 2.8% to $ 212.30 after it reported earnings in the third quarter. Holden's Varren Buffetta said the operating profit amounted to $ 6.88 billion, more than $ 3.44 billion last year.
Diamond Offshore
(DO) rose 3.5% to $ 14.70 after reporting the third quarter revenue. Oilfield companies lost 26 cents a share of $ 286 million. Analysts called for a loss of 35 cents to revenue of $ 281.74 million.
General Electric
(GE) rose 1.1% to $ 9.40 after executive director Larri Culp discovered the acquisition of 225,000 shares of the company.
Spotifi Technologi
(SPOT) rose 2.2% to $ 142 after approving a new $ 1 billion buyback program.
-Teresa Rivas
To write Al Root at [email protected]
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