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Dow slides 250 points after 3M earnings miss

Guggenheim Partners analyst Michael Morris wrote in a note to gain comfort with the incremental financial risk. "The company is proactively and definitively addressing these issues while expanding core monetization and new initiatives." The analyst also raised his price target on Facebook to $ 220 per share from $ 200. Microsoft, meanwhile, climbed more than 4% as its better-than-expected earnings were driven by a 41% surge in its commercial cloud revenue business. Azure's growth was 73%, which saw sales skyrocket by 73%. Of those companies, 78% have posted better-than-expected earnings. "The company is proactively and definitively addressing these issues while expanding core monetization and new initiatives. " With the earnings season approaching the halfway mark, the news has been good enough to keep bulls committed to their positions and there have been few examples or genuinely troubling news, "said Michael Shaoul, chairman and CEO of Marketfield Asset Management, in a note." The worst we could say is that investors are drawing in some cases on a greater degree than normal, particularly in the key semiconductor. sector where a strong second half rebound has been priced into many issuers, but this seems unlikely to be a factor over the near term. " S&P 500 notched an all-time closing high and remains about half a percent below its intraday record. Source link

Guggenheim Partners analyst Michael Morris wrote in a note to gain comfort with the incremental financial risk. “The company is proactively and definitively addressing these issues while expanding core monetization and new initiatives.”

The analyst also raised his price target on Facebook to $ 220 per share from $ 200.

Microsoft, meanwhile, climbed more than 4% as its better-than-expected earnings were driven by a 41% surge in its commercial cloud revenue business. Azure’s growth was 73%, which saw sales skyrocket by 73%. Of those companies, 78% have posted better-than-expected earnings. “The company is proactively and definitively addressing these issues while expanding core monetization and new initiatives.

” With the earnings season approaching the halfway mark, the news has been good enough to keep bulls committed to their positions and there have been few examples or genuinely troubling news, “said Michael Shaoul, chairman and CEO of Marketfield Asset Management, in a note.” The worst we could say is that investors are drawing in some cases on a greater degree than normal, particularly in the key semiconductor. sector where a strong second half rebound has been priced into many issuers, but this seems unlikely to be a factor over the near term. ” S&P 500 notched an all-time closing high and remains about half a percent below its intraday record.
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