American Express just posted its first net loss since 1992.
In its latest quarterly earnings report on Thursday, the firm reported that it was $1.1 billion in the red. Spokesperson Marina Norville confirmed it’s the first time the company has posted a quarterly loss in about 25 years.
In a press release, the company said the recent tax code overhaul was the culprit. American Express said it currently estimates that it will face a $2.6 billion “charge” because of the new law. Most of the $2.6 billion will go toward paying repatriation taxes, or taxes paid on profits that were earned overseas.
Companies used to be able to keep those earnings offshore and avoid paying U.S. taxes, but the Republican-backed tax code eliminated that. Most major U.S. corporations are expecting to be hit with a big one-time tax bill in order to bring that money home.
The loss prompted American Express to suspend its share buyback plans while it “rebuilds” its cash stockpile, the company said. Eventually it plans to “more than make up” for the pause in buybacks, an executive told investors during a conference call.
Top 10 Stocks To Watch For 2019: First Cash Financial Services, Inc.(FCFS)
Advisors’ Opinion:
- [By Logan Wallace]
First Cash Financial Services, Inc. (NYSE:FCFS) shares hit a new 52-week high and low during trading on Thursday . The company traded as low as $88.95 and last traded at $88.70, with a volume of 371494 shares traded. The stock had previously closed at $87.80.
Top 10 Stocks To Watch For 2019: TravelCenters of America LLC(TA)
Advisors’ Opinion:
- [By Stephan Byrd]
Shares of TransAlta (TSE:TA) (NYSE:TAC) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$8.25.
- [By Lisa Levin] Companies Reporting Before The Bell
Tyson Foods, Inc. (NYSE: TSN) is projected to report quarterly earnings at $1.32 per share on revenue of $9.89 billion.
Sysco Corporation (NYSE: SYY) is estimated to report quarterly earnings at $0.64 per share on revenue of $14.34 billion.
Louisiana-Pacific Corporation (NYSE: LPX) is expected to report quarterly earnings at $0.67 per share on revenue of $692.63 million.
Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is estimated to report quarterly earnings at $1.06 per share on revenue of 3.90 billion.
Manchester United plc (NYSE: MANU) is estimated to report quarterly loss at $1.35 per share on revenue of $193.67 million.
Sempra Energy (NYSE: SRE) is expected to report quarterly earnings at $1.66 per share on revenue of $3.24 billion.
Willis Towers Watson Public Limited Company (NYSE: WLTW) is projected to report quarterly earnings at $3.01 per share on revenue of $2.23 billion.
Green Plains Inc. (NASDAQ: GPRE) is estimated to report quarterly loss at $0.28 per share on revenue of $922.42 million.
TravelCenters of America LLC (NASDAQ: TA) is projected to report quarterly loss at $0.16 per share on revenue of $1.59 billion.
Gannett Co., Inc. (NYSE: GCI) is expected to report quarterly earnings at $0.03 per share on revenue of $723.93 million.
Welbilt, Inc. (NYSE: WBT) is estimated to report quarterly earnings at $0.11 per share on revenue of $329.71 million.
Horizon Pharma Public Limited Company (NASDAQ: HZNP) is projected to report quarterly earnings at $0.07 per share on revenue of $234.17 million.
Top 10 Stocks To Watch For 2019: Baidu Inc.(BIDU)
Advisors’ Opinion:
- [By Motley Fool Staff]
In this segment of the Motley Fool Moneypodcast, host Chris Hill and senior Fool analysts Jason Moser, David Kretzmann, and Jeff Fischer put Baidu(NASDAQ:BIDU) under the microscope. The Chinese search leader has a massive presence in the world’s most populous market, and with revenue up 31%, it’s apparent that it is putting its troubles with the government in Beijing in the rearview mirror. But the stock is still only trading for six times revenue. Time to give it a look?
- [By ]
Alibaba began quietly testing autonomous driving technologies last year, led by Wang Gang, the chief scientist of Alibaba’s A.I. Labs. Despite its late start, Alibaba appears to be moving quickly. Although it will be playing catch up to Baidu (BIDU) and Tencent (TCEHY) , which already have approval from Chinese regulators for open-road testing.
- [By Lisa Levin] Gainers
Genprex, Inc. (NASDAQ: GNPX) jumped 46.7 percent to $16.1331. The low-float small-cap clinical stage gene therapy company saw its stock rally nearly 150 percent from Monday through Thursday. Formal news hasn't been announced this week that would support a triple-digit percentage rally (including more than 200 percent at one point on Thursday) but the quiet period following its initial public offering will expire on May 8.
Celyad SA (NASDAQ: CYAD) shares gained 24.7 percent to $36.17. Celyad reported the publication of THINK study case report of CYAD-01 Induced Complete Remission in relapsed/refractory AML patient in haematologica.
DMC Global Inc. (NASDAQ: BOOM) shares jumped 23.2 percent to $39.00 after the company reported upbeat Q1 results and issued upbeat Q2 guidance.
eHealth, Inc. (NASDAQ: EHTH) gained 21.8 percent to $19.58 as the company posted upbeat Q1 results.
Enova International, Inc. (NYSE: ENVA) climbed 20.4 percent to $27.20 following Q1 results.
SVB Financial Group (NASDAQ: SIVB) shares jumped 18.2 percent to $304.135 following strong quarterly results.
Knowles Corporation (NYSE: KN) gained 13.9 percent to $12.70 as the company reported Q1 results.
Zymeworks Inc. (NYSE: ZYME) gained 13.8 percent to $17.36.
Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 11.8 percent to $2.336 after declining 25.09 percent on Thursday.
ImmunoGen, Inc. (NASDAQ: IMGN) shares surged 11.7 percent to $11.75 after the company announced 'successful completion of interim analysis' for FORWARD I Phase 3 mirvetuximab soravtansine trial.
Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) gained 9.5 percent to $12.70.
Expedia Group, Inc. (NASDAQ: EXPE) shares rose 8.5 percent to $115.3801 after the company reported stronger-than-expected earnings for its first quarter on Thursday.
Sprint Corporation (NYSE: S) shares rose 8.3 percent to $6.50. The stock moved higher after a Reuters report suggested ongoing merger talks with T-M
- [By Garrett Baldwin]
Shares of Apple Inc. (Nasdaq: AAPL) may face additional pressure today after another surprise update from one of its biggest suppliers. Austria-based supplier AMS, a maker of optical sensors for the iPhone X, warned that sales for the second quarter will fall by roughly 50% from the first quarter. This comes not long after Taiwan Semiconductor Manufacturing Co. Ltd.(ADR) (NYSE: TSM) offered a lower-than-expected Q2 revenue forecast. Now, Wall Street analysts could soon follow with cuts to iPhone sales forecasts, especially after rival Samsung warned of a slowdown in display panel sales.
This morning, the European Central Bank announced it will maintain its record-low interest rates and accommodating monetary policy. At a time when the U.S. central bank is raising rates, the ECB failed to provide a timeline on when it will end its massive stimulus package, which features monthly bond purchases of $37 billion.
Four Stocks to Watch Today: DNKN, QSR, GM, FB
Hedge fund manager and notable short-seller Jim Chanos is lining up positions against two of the restaurant industry’s best-known firms. Shares of Dunkin Brands Group Inc.(Nasdaq: DNKN) and Restaurant Brands International Inc. (NYSE: QSR), which owns Burger King, were both sliding after Chanos said he was short the firms over sales concerns. The news comes the same morning that DNKN topped Wall Street profit estimates of $0.62 by $0.11. However, DNKN quarterly revenue fell short of expectations.
Facebook Inc. (Nasdaq: FB) stock doesn’t appear to be facing any significant fallout due to its ongoing data scandal. The social media giant shattered revenue expectations after the bell Wednesday. Shares popped 7% after the company reported a 50% year-over-year revenue surge. The firm reported 1.45 billion daily active users and 2.2 billion monthly users. This was the first earnings report since the Cambridge Analytica scandal that happened in March. Shares are rebounding, as the firm had lost billions in
Top 10 Stocks To Watch For 2019: Cimpress N.V(CMPR)
Advisors’ Opinion:
- [By Joseph Griffin]
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
Get Cimpress alerts:
Cimpress (CMPR) Earns Hold Rating from SunTrust Banks (americanbankingnews.com) Katryn Blake Sells 9,297 Shares of Cimpress (CMPR) Stock (americanbankingnews.com) Insider Selling: Cimpress (CMPR) CEO Sells 4,648 Shares of Stock (americanbankingnews.com) Cimpress’ (CMPR) “Sell” Rating Reiterated at Aegis (americanbankingnews.com) Cimpress (CMPR) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities analysts recently weighed in on the company. SunTrust Banks reaffirmed a “hold” rating and issued a $144.00 price target on shares of Cimpress in a report on Tuesday. ValuEngine raised Cimpress from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Aegis reaffirmed a “sell” rating and issued a $114.00 price target on shares of Cimpress in a report on Tuesday. BidaskClub cut Cimpress from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $165.00 price target on shares of Cimpress in a report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $140.00.
- [By Logan Wallace]
SunTrust Banks reaffirmed their hold rating on shares of Cimpress (NASDAQ:CMPR) in a research note published on Tuesday. SunTrust Banks currently has a $144.00 price objective on the business services provider’s stock.
- [By Steve Symington]
Cimpress NV(NASDAQ:CMPR)announced fiscal third-quarter 2018 results on Wednesday after the market closed, detailing the continued fruits of last year’s Vistaprint restructuring and steady growth at each of its three core business segments.Still, shares of the mass customization specialist were down on Thursday in response to the news.
Top 10 Stocks To Watch For 2019: Equinix Inc.(EQIX)
Advisors’ Opinion:
- [By Beth McKenna]
Equinix (NASDAQ:EQIX) reported robust first-quarter 2018 financial results after the market close on Wednesday.
Shares closed down 6.1% on Thursday, which we can probably attribute to the company revising slightly downward its full-year 2018 adjusted funds from operations (AFFO) outlook, as we’ll get to in a moment. (AFFO is aclosely watched metric for companies organized as real estate investment trusts, or REITs. It’s akin to “earnings” for REITs.)
- [By Lee Jackson]
This is one of the larger capitalization companies in the data center industry. Equinix Inc. (NASDAQ: EQIX)provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa and the Asia-Pacific.
- [By Craig Jones]
Kevin Kelly spoke on Bloomberg Markets about a bullish options trade in Equinix Inc (NASDAQ: EQIX).
He wants to buy the September 400/450 call spread in the name for $15.50. The trade breaks even at $415.50 or 5.41 percent above the current market price. It can maximally make a profit of $34.50. The payoff ratio is roughly 2.5 to 1, explained Kelly. He sees this as a derivative play on Microsoft Corporation's (NASDAQ: MSFT) cloud computing.
Top 10 Stocks To Watch For 2019: RenaissanceRe Holdings Ltd.(RNR)
Advisors’ Opinion:
- [By Logan Wallace]
RenaissanceRe (NYSE: RNR) is one of 73 publicly-traded companies in the “Fire, marine, & casualty insurance” industry, but how does it compare to its rivals? We will compare RenaissanceRe to similar companies based on the strength of its dividends, earnings, analyst recommendations, institutional ownership, valuation, risk and profitability.
Top 10 Stocks To Watch For 2019: National Western Life Group, Inc.(NWLI)
Advisors’ Opinion:
- [By Logan Wallace]
National Western Life (NASDAQ: NWLI) and Brighthouse Financial (NASDAQ:BHF) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, risk, profitability and dividends.
Top 10 Stocks To Watch For 2019: Mimecast Limited(MIME)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares rose 14.1 percent to $3.65 in the pre-market trading session after reporting 2017 year-end results.
LightPath Technologies, Inc. (NASDAQ: LPTH) rose 13.3 percent to $2.43 in pre-market trading after reporting a third-quarter earnings beat.
MYnd Analytics, Inc. (NASDAQ: MYND) rose 10.5 percent to $3.49 in pre-market trading. MYnd Analytics reported a Q2 net loss of $2.7 million on revenue of $459,900.
SORL Auto Parts, Inc. (NASDAQ: SORL) shares rose 8.4 percent to $5.68 in pre-market trading after reporting upbeat Q1 results.
Famous Dave's of America, Inc. (NASDAQ: DAVE) shares rose 7.7 percent to $8.40 in pre-market trading after the company reported upbeat earnings for its first quarter on Monday.
Xenon Pharmaceuticals Inc. (NASDAQ: XENE) rose 7.5 percent to $6.45 in pre-market trading after the company presented XEN901 Phase 1 clinical update and XEN1101 TMS pharmacodynamic Phase 1 data.
Mimecast Ltd (NASDAQ: MIME) rose 6.5 percent to $43.50 in pre-market trading following a first-quarter sales beat.
Boxlight Corporation (NASDAQ: BOXL) rose 6 percent to $12.50 in pre-market trading after surging 77.44 percent on Monday.
Intellia Therapeutics, Inc. (NASDAQ: NTLA) shares rose 6 percent to $26.05 in pre-market trading after climbing 3.58 percent on Monday.
PPDAI Group Inc. (NASDAQ: PPDF) rose 4.7 percent to $7.20 in pre-market trading following Q1 results.
Xunlei Limited (NASDAQ: XNET) rose 4.1 percent to $13.88 in pre-market trading after gaining 2.54 percent on Monday.
Valeant Pharmaceuticals International, Inc. (NYSE: VRX) shares rose 4.5 percent to $21.73 in pre-market trading. Mizuho upgraded Valeant from Neutral to Buy.
Bovie Medical Corporation (NYSE: BVX) rose 4.1 percent to $3.80 in pre-market trading after reporting a first-quarter sales beat.
Myomo, Inc. (NYSE: MYO) rose 3.4 percent to $4.00 in pre-market trading after jumping 23.25 percent o
- [By Todd Campbell]
Investing in emerging growth stocks for the long haul can be a great way to produce market-beating returns, but with thousands of stocks to choose from, it can be tough figuring out which are worth owning. To help, I went searching for growth stocks that can be added to portfolios and pickedAtlassian Corp. (NASDAQ:TEAM), Mimecast (NASDAQ:MIME), and 2U Inc. (NASDAQ:TWOU) as my favorite stocks to buy in May. Read on to learn if these stocks are right for your portfolio, too.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Mimecast (MIME)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Garrett Baldwin]
Eight Seconds… $1,260 Richer: Words can’t describe what you’ll see in this shocking footage – because you’ll witness, live on camera, one man become $4,238 richer with just three clicks of a mouse. And if you follow the simple instructions in this video, you’ll learn how to set yourself up for an instant $2,918 payday opportunity. You need to see this to believe it…
Three Stocks to Watch Today: COP, HD, HSBC
ConocoPhillips (NYSE: COP) has seized assets from the Venezuelan-owned firm PDVSA in the Caribbean. The company won a court case that will allow it to take over assets owned by the Venezuelan government. The court enabled the seizures as part of a broader plan to allow the firm to recoup roughly $2 billion following the 2007 nationalization of its assets in Venezuela by the huge Castro-led government.
Monday will be a quiet day on the earnings front. Investors are looking to Tuesday’s calendar, when The Home Depot Inc. (NYSE: HD) reports earnings. Tomorrow, Wall Street analysts expect that Home Depot will report earnings per share of $2.07 on top of $25.2 billion in revenue. Investors will be hoping that the company reports strong profits thanks to an improving U.S. economy and the recent tax reform law.
Expect a lot of chatter today about blockchain technology. That’s because ING Bank and HSBC Holdings Plc.(NYSE: HSBC) announced over the weekend that they engaged in their first trade ever using blockchain technology. The two engaged in a trade on behalf of Cargill to finance a shipment of soybeans from Argentina to Malaysia.
Today, look for earnings reports from Agilent Technologies (NYSE: A), Itron Inc.(Nasdaq: ITRI), Vipshop Holdings Ltd.(Nasdaq: VIPS), Amyris Biotechnologies Inc. (Nasdaq: AMRS), Sky Solar Holdings Ltd.(Nasdaq: SKYS), Mazor Robotics Ltd.(Nasdaq: MZOR), China Lodging Group Ltd. (Nasdaq: HTHT), and Mimecast Ltd.(Nasdaq: MIME).
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- [By Todd Campbell and Timothy Green]
Buying and holding shares in great companies like eBayfor the long haul has proven to be very profit-friendly, but identifying growth stocks early on isn’t easy. To help find tomorrow’s winners, we asked two Motley Fool investors which burgeoning growth stocks are on their radar right now. They responded with Skechers (NYSE:SKX)and Mimecast (NASDAQ:MIME). Read on to find out if these stocks deserve a spot in your portfolio.
Top 10 Stocks To Watch For 2019: Surgery Partners, Inc.(SGRY)
Advisors’ Opinion:
- [By Stephan Byrd]
Tenet Healthcare (NYSE: THC) and Surgery Partners (NASDAQ:SGRY) are both medical companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, dividends, earnings, valuation, profitability and analyst recommendations.
Top 10 Stocks To Watch For 2019: Haverty Furniture Companies, Inc.(HVT)
Advisors’ Opinion:
- [By Ethan Ryder]
Havertys (NYSE:HVT) – Stock analysts at KeyCorp dropped their Q2 2018 earnings per share estimates for Havertys in a research report issued on Wednesday, May 2nd. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.31. KeyCorp also issued estimates for Havertys’ Q3 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.45 EPS.