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Trade optimism fuels new four-year high in European stocks

European stocks rose on Thursday for a fifth straight session, getting a boost from a report about the U.S. and China agreeing on how they would remove tariffs. After closing on Wednesday at the highest level since July 20, 2015, the Stoxx Europe 600 SXXP, +0.37%  added 0.38% to 406.59. The German DAX DAX, +0.83%  added 0.78% to 13282.39, the French CAC 40PX1, +0.41%  added 0.28% to 5883.33 and the U.K. FTSE 100 UKX, +0.13% gained 0.36% to 7423.35. Thursday’s rise occurred after a report in Bloomberg News cited a…

10-year Treasury yield on track for biggest one-day surge since Trump election

After months of staying pessimistic about global economic growth, amid the U.S. - China trade war, traders of long-term government bonds succumbed to a burst of investor optimism after reports said an agreement had been reached on a framework for rolling back import duties. The result was the biggest selloff in the U.S. Treasury 10-year note since President Donald Trump’s election in Nov. 2016, when his victory sent long-term bond yields skyrocketing on the expectation that his administration would embark on pro-cyclical…

Pinterest Is Clearly Overvalued and a Stock That’s Best Avoided

Pinterest  (PINS) delivered Q3 2019 earnings that left investors shocked. Why? It was not so much its poor results, but the mismatch between extremely high investor expectations with unimpressive growth prospects. Will Pinterest reignite its growth rates any time soon? Presently, it is difficult to know the answer, but one thing is clear -- this stock is incredibly overvalued and should be avoided. Lackluster Guidance Pinterest has an appealing narrative that is backed by impressive numbers. Given this, why did…

Shares of Weight Watchers Parent Slump After Third-Quarter Report

Shares of WW International (WW) fell double digits in after-hours trading after the operator of the Weight Watchers program reported third-quarter net income fell 32% on 4.7% lower revenue. The New York company earned 68 cents a share in the quarter, compared with $1 in the year-earlier quarter. Revenue fell to $348.6 million from $365.8 million. Analysts surveyed by FactSet were expecting net income of 65 cents a share, or an adjusted 66 cents, on revenue of $352.7 million. At the end of the quarter WW had 4.4…

Coke and Pepsi Dump Sugar, Sweeten Earnings Prospects as Consumer Habits Change

Coca-Cola (KO) joined rival PepsiCo Inc. (PEP) in riding a renewed wave of demand for sugar-free and low-calorie soft drinks to firmer-than-expected sales this quarter, confirming the industry's focus on healthier snacks and changing consumer habits. Coke Zero, the iconic soft drink maker's no sugar alternative, notched "double-digit" sales growth in the three months ending near the end of September, helping boost overall group revenues 8.5% to $9.5 billion. Coke Zero volumes, the company told investors on a conference…

Schlumberger Stock May Have Finally Bottomed

Shares of Schlumberger (SLB)  weren't exactly shooting the lights out Friday, up just 1.9% to $32.50 after reporting its quarterly results. However, the stock was rising and that's giving investors hope that the stock may have finally bottomed. Schlumberger has been on a brutal decline, falling 9.9% in 2019 and more than 45% over the past 12 months. Even with Friday's modest post-earnings pop, you can see why investors may be thinking more optimistically about the stock now. While the charts aren't pretty, there are…

Asian markets mixed after decades-worst GDP growth by China

Asian markets were mixed in early trading Friday, as new data showed worse-than-expected economic growth in China. China’s economy expanded at a 6% rate year-over-year, official data showed, less than the median 6.1% forecast by economists polled by the Wall Street Journal, and the worst pace of growth since the first quarter of 1992. It was the second straight month of weaker year-on-year data. China expects annual GDP growth of 6% to 6.5% this year, down from last year’s 6.6% growth. Still, investors appeared…

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