LIVE – Floor of the NYSE! Mar. 15, 2019 Financial News – Business News – Stock News – Market News
Financial News – Business News – Stock News – Market News – Stock Exchange
CLICK HERE➡ ➡ http://FinancialBuzz.com
Business News – Financial News – Stock News — New York Stock Exchange — Market News 2019
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2019
On Monday retail sales for January increased .2% compared to the prior month’s 1.6% decline. Business inventories for December increased .6%. Markets rose on perceived economic strength as well as strength in the tech sector after gains from Apple and Nvidia. The Dow Industrials closed 200 points higher and the Nasdaq composite advanced over 2%.
On Tuesday the NFIB small business optimism index rose five-tenths of a point to 101.7, lower than expected. The consumer price index for February rose .2% compared to the prior month’s 0% change. The Dow Industrials was pulled down by Boeing as it struggled with the aftermath of two deadly crashes within six months, however, broader markets gained. Ten year Treasuries yielded 2.6% and U.S. crude finished at .37 a barrel.
On Wednesday durable goods orders for January rose .4% compared to the prior month’s 1.3% gain, and the producer price index for February gained .1% compared to the prior month’s .1% decline. Construction spending for January rose 1.3% and the EIA petroleum status report for the week ending March 8th saw crude oil inventory decline 3.9 million barrels. Markets had solid gains on the news, with the Dow Industrials finishing up 148 points.
On Thursday jobless claims for the week ending March 9th rose 6,000 to 229,000 and import prices for February rose .6% while export prices also rose .6%. New home sales for January fell 6.9% to an annualized 607,000 units.
On Friday industrial production for February increased .1% compared to the prior month’s .6% decline. Markets opened mixed, however, volatility is expected due to multiple expirations of futures and options. Now let’s take a look at some stocks.
Stitch Fix, Inc. (NASDAQ: SFIX) reported its second quarter financial results after market close on Monday and beat earnings estimates, sending shares surging as high as 30% on Tuesday morning. For the quarter, Stitch Fix reported earnings of 12 cents per share on revenue of 0 million. The company also provided a higher-than-expected third-quarter and full-year guidance.
Cloudera, Inc. (NYSE: CLDR) shares plunged by 15% on Thursday morning after providing a disappointing forecast. Cloudera reported its fourth quarter results on Wednesday, disclosing a loss of 45 cents per share on revenue of 4.5 million. Analysts expected an adjusted loss of 11 cents per share on revenue of 1 million. Cloudera said that earnings next quarter won’t improve as much as previously anticipated.
MongoDB, Inc. (NASDAQ: MDB) shares soared by over 25% on Thursday after crushing its fourth quarter earnings. For the quarter, MongoDB reported a loss of 17 cents per share on revenue of .5 million. Analysts had expected a loss of 38 cents per share on revenue of million. The Company reported that its subscription revenue increased by 73% for the quarter while services revenue grew by 37% year-over-year.
Domo, Inc. (NASDAQ: DOMO) reported its fourth quarter financial results after market close on Wednesday and surpassed its estimates, sending shares almost 27% higher at Thursday’s opening. The company reported a loss of 94 cents per share on revenue of .4 million, beating analysts’ expected loss of .24 per share on revenue of .8 million.
Adobe Inc. (NASDAQ: ADBE) reported its first quarter financial results after market close on Thursday. Adobe beats on the top and bottom line for the quarter, reporting earnings of .71 per share on record quarterly revenue of .6 billion. For next quarter, the company expects earnings of .77 per share on revenue of .6 billion, primarily led by the growth in its digital media and digital experience segments.
© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.