17/07/2018
DilshodToday's Markets
In Asia, Japan +0.4%. Hong Kong -1.3%. China -0.6%. India +0.5%.
In Europe, at midday, London -0.2%. Paris -0.4%. Frankfurt -0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.3%. Crude flat at $68.03. Gold +0.2% to $1242. Bitcoin -0.2% to $6716.
Ten-year Treasury Yield flat at 2.85%
Today's Economic Calendar
8:55 Redbook Chain Store Sales
10:00 Powell to deliver semi-annual monetary policy testimony
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital
IQ iQIYI acquires Skymoons for RMB 1.27 bln at closing (36.93)
Headquartered in Chengdu, China, Skymoons focuses on the development and global publishing of mobile games. Skymoons has entered into cooperation agreements with a number of renowned international IP powerhouses with respect to the synchronized development and promotion of mobile games, films, anime and comics based on the same source materials. The aggregate consideration consists of a fixed payment of RMB1.27 billion, as well as additional consideration valued at RMB730 million as of June 30, 2018 to be delivered in the event the acquiree satisfies the agreed upon performance benchmarks in the next two years
NFLX Netflix earnings follow up: Down 14% after reporting Q2 results shy of its own forecast and guiding Q3 below estimates (400.48 +4.68)
- Netflix is down 13% after the company reported second quarter revenue and subscribers below its own forecast.
- Revenue came in at $3.91 bln vs. the $3.93 bln forecast, subscriber additions came in at 5.1 mln vs. 6.2 mln forecast.
- EPS of $0.85 included a FX gain so you could make the case that EPS missed as well: $0.66 ex-that item vs. $0.79 forecast.
- Netflix also guided Q3 EPS revenue and subscribers just below the Street's expectations.
- Netflix stock was 'priced to perfection' and Wall Street analysts warned about risk to Q2 subscriber estimates in recent sessions.
AMZN Amazon's first 3 hours of Prime Day sales rise 54% YoY despite glitches on website, according to Bloomberg
EOLS - commences proposed underwritten public offering of 5 mln shares of common stock
RDFN - proposed public offerings of 3.5 mln shares of common stock and $125 million aggregate principal amount of convertible senior notes due 2023
JNJ +/+ 8:30 conference call
UNH +/- inline guid 8:45 conference call
GS +/+ 9:30 conference call