Listen To Tuesday’s Investor’s Edge Radio Show: 01/31/2017

Listen To Tuesday’s Investor’s Edge Radio Show: 01/31/2017

Click Here: http://archives.warpradio.com/btr/investorsedge/013118.mp3

Fed Gives Break to Regional Banks in Annual Stress-Test Demands

Are they serious?

https://www.bloomberg.com/news/articles/2017-01-30/fed-gives-break-to-regional-banks-in-annual-stress-test-demands

Square Wants to Make Mobile Payments Ubiquitous With Apple Pay

Smart play and helps both Square stay relevant…

https://www.bloomberg.com/news/articles/2017-01-30/square-wants-to-make-mobile-payments-ubiquitous-with-apple-pay

How Much Can Apple’s Services Drive Profit Growth? @FoxBusiness

Apple is expected to report earnings of $3.22/share on $77.04 billion in revenue. Meanwhile, the so-called Whisper number is $3.23. The Whisper number is the Street’s unofficial view on earnings.

http://www.foxbusiness.com/markets/2017/01/30/how-much-can-apples-services-drive-profit-growth.html

Mylan Faces U.S. Antitrust Investigation on EpiPen Practices

https://www.bloomberg.com/news/articles/2017-01-30/mylan-faces-u-s-antitrust-investigation-on-epipen-practices

Trump’s Labor Secretary Pick Fast-Food CEO Puzder Finds Fast Friends @FoxBusiness

http://www.foxbusiness.com/politics/2017/01/30/trumps-labor-secretary-pick-fast-food-ceo-puzder-finds-fast-friends.html

Monday’s Closing Look

Stocks experienced the worst trading day in 2017 after Trump immigration backlash. The Dow negated its latest breakout and fell below 20,000. The S&P 500 also negated its latest breakout and is in pullback mode. The good news is that the market closed off its lows and the Dow, S&P 500 and Nasdaq, at this point, are still above their 50 day moving average lines. Meanwhile, the small-cap Russell 2000 closed just below its respective 50 DMA line.

Gary’s Thoughts:

Crappy day. Worst day since early November. One day does not mean much but could be a wake up call. Watching the 50 day for any number of areas now. OILS get in bigger trouble here. Nothing to do with them. RETAIL dead. Watching GOLD/SILVER as they potentially set up for higher prices.

Deutsche to pay $425 million to New York regulator over Russian ‘mirror trades’

http://www.reuters.com/article/us-deutsche-mirrortrade-probe-idUSKBN15E2SP

Tuesday’s Pre-Market Look: Stocks In The News Before The Open

Under Armour — The sports apparel’s maker fourth-quarter revenue and profit missed Wall Street estimates, sending the firm’s Class A shares tanking around 20 percent before the bell. Under Armour also said CFO Chip Molloy would be leaving the company because of personal reasons.

Exxon Mobil — The energy giant’s stock dropped around 1 percent after the company reported earnings per share well below estimates. Exxon’s profit totaled 41 cents per share, while analysts polled by Reuters had forecast earnings of 70 cents per share. The firm said its U.S. upstream business lost $2.3 billion in the fourth quarter of 2016, while its downstream segment made $1.2 billion.

MasterCard — The credit card giant reported fourth-quarter earnings that topped analysts’ expectations by a penny a share, marking a 4.8 percent year-over-year increase. The company also said its gross dollar volumes — the total value of transactions made by customers — rose 9 percent to $1.2 trillion on a local currency basis.

UPS — Shares of UPS dipped around 3 percent in the premarket after the logistics giant posted disappointing quarterly results. UPS reported adjusted earnings per share of $1.63, on revenue of $16.931 billion. Analysts polled by Reuters expected the company to post a profit of $1.69 per share on sales of $17.008 billion.

Eli Lilly — The pharmaceutical firm reported a 7.2 percent quarterly revenue jump, as demand for its diabetes drug Trulicity and other new treatments increased.

Harley-Davidson — The motorcycle maker posted quarterly earnings per share and sales that disappointed Wall Street analysts, as motorcycle revenue declined 8.8 percent year over year. Harley’s stock declined around 2 percent in the premarket.

Pfizer — The Dow component’s stock fell around 1 percent in the premarket after the pharmaceutical giant reported weaker-than-expected fourth-quarter results. Pfizer posted adjusted earnings per share of 47 cents and revenue of $13.60 billion, with analysts expecting a profit of 50 cents per share and sales of $13.63 billion.

Xerox — Shares of Xerox fell more than 2.5 percent before the bell after the company posted mixed quarterly results. Xerox reported adjusted earnings per share of 25 cents, in line with expectations, while revenue of $2.70 billion was below analysts’ estimates of $2.77 billion.

AmerisourceBergen — AmerisourceBergen said fiscal first-quarter adjusted earnings per share came in at $1.36, above a consensus estimate of $1.23. Sales, however, missed expectations, totaling $38.20 billion versus an expected $38.97 billion.

Coach — Coach posted fiscal second-quarter adjusted earnings of 75 cents per share on revenue of $1.322 billion, topping analysts’ expectations. The handbag maker also said its North America same-store sales rose 3 percent, above an expected increase of 2.2 percent.

Werner Enterprises — The transportation and logistics company’s stock popped more than 5 percent in the premarket on the back of better-than-expected fourth-quarter results. Werner’s earnings per share totaled 30 cents while sales came in at $518 billion. Analysts polled by Reuters expected the company to post earnings of 26 cents per share on revenue of $510 billion.

 

Source: FBN, Barchart, CNBC, & Reuters contributed to this report