2 December 2019

1) Deere & Co., the famous manufacture of green and yellow tractors, reported lower earnings blaming trade tensions and poor weather in the U.S. farm belt. Last year’s difficult growing and harvesting conditions have made farmers cautious about investing in new farm equipment. Sales of the construction and forestry division are expected to be down by 10% to 15%, while agricultural is down 5% to 10% next year.

2) Texas oil explorers say predictions of shale production isn’t reflecting the industry’s slowdown. Producers are being starved of funding, stocks have plunged and little interest in public offerings, which may cause a downturn to be more enduring. Seeking to cut costs, drillers have laid off 1,000 workers. There are predictions that U.S. oil production growth will flatten as early as 2021. There is a rapid decline of shale well production, partly a result of placing wells too close together.

3) Global manufacturing has been dragging the world economy down this last year. Weak auto sales have added to the problem, with China’s auto market the worst with a 11% decline in sales. Slow auto sales have cut production at auto plants, with Audi cutting 7,500 jobs. U.S. dealerships are struggling to clear inventory for the new year, with a 12% rise in incentive spending in November, compared to a typical 4%.

4) Stock market closings for – 29 NOV 19:

Dow         28,051.41    down    112.59
Nasdaq      8,665.47    down      39.70
S&P 500     3,140.98    down      12.65

10 Year Yield:    up   at    1.78%

Oil:    down   at    $55.42

ALIBABA CLOBBERS EARNINGS, MORE GROWTH EXPECTED!!!!!!!!!!!!!!!!!!!!!

Image Photo Credit: Asia.Nikkei.com

By: Economic & Finance Report

Alibaba Holdings LTD (BABA) surpassed earnings expectations. The Asian e-commerce giant, stated that their retail business and their cloud business, were huge components in their earnings viability, while also beating estimates.

Their retail commerce business (BABA) spurned over $14 billion USD in revenue, while thier (BABA) cloud business did over $1 billion USD in revenue. At the end of the Friday Oct. 31, 2019 business day, BABA’s stock was up over 3%. Not a bad day for a major Chinese e-commerce business..SB

2 January 2019

1) Analysis estimate there is a 40% chance of a recession in 2019.

2) Analysis cut the 2019 earnings forecast by more than half. While still growing, earnings are growing at a slower rate than expected from 2018.

3) This next year will be a make or break for fifteen international corporations. They are Bayer, Sears, BT, Tesco, Deutsche Bank, GlaxoSmithKline, Tat Motors, Ford, EDF, Goldman Sachs, General Motors, Huawei, Facebook, Air France – KLM, and RWE. Of interest is the number of automotive manufactures in trouble.

4) 31 DEC 18 Stock market closing:

Dow            23,327.46 up 265.06
Nasdaq 6,635.28 up       50.76
S&P 500   2,506.85      up    21.11

10 Year Yield: down at 2.69%

Oil: up at $45.81

AMAZON CEO (JEFF BEZOS) BECOMES RICHEST MAN IN THE WORLD FOR HALF A DAY….

By: Economic & Finance Report

On Thursday July 27, 2017, Amazon head honcho/founder and CEO, Mr. Jeff Bezos surpassed Microsoft founder Bill Gates, as the richest person in the world, he toppled Mr. Gates with an estimated net worth of $90 billion.

Later on Thursday July 27, 2017 Amazon stocks missed quarterly (Q2) estimates, Bezos net worth declined to $85.9 billion making him #2 richest person (After Bill Gates), thus allowing Bill Gates to reclaim his “richest person mantle” again.

Mr. Bezos and Amazon have had a productive year so far, having purchased Whole Foods, a middle eastern online retail giant Souq.com, and a host of other investments; such as the expansion of warehouses, streaming/content services, as well as marketing and promoting in house products such as the Echo Fire Stick. The Amazon brand remains a strong brand and even a more competitive household name. Successful contributions by an even more accomplished man.

-SB

AT&T BEAT EXPECTATIONS & SHARES RISE BECAUSE OF RESULTS!!!!!!

at&t pic

By:  Economic & Finance Report

AT&T beat analysts expectations Wednesday, when their reported company earnings came out, beating analysts expectations of $.62 cents a share. Revenue from the company came in at $32.57 billion. It seems that the first quarter for AT&T was a productive year for the telecom giant, and its subsidiaries.

AT&T is the #2  wireless carrier and they are gearing up for their acquisition in DirecTv. The acquisition is supposed to be completed by the second quarter of 2015, if all goes well by federal regulators and federal proceedings. AT&T has already acquired NII Holdings in January 2015,  parent company of Nextel Mexico for a reported $1.88 billion dollars. The deal is to give AT&T an extra three million subscribers in Mexico terrain. -SB

ASIAN SHARES RISE HIGHER FOR THE 3RD CONSECUTIVE MONTH…..

asian shares market

By: Economic & Finance Report

 Asian shares heeded higher for the third consecutive month as stocks moved higher for the past couple of days. Bulls seem to be reigning in as prices and stock indexes continue to go to a higher direction. Oil seems to be gaining ground higher as well, the uptrend on stocks and prices is viewed by how well oil can maintain its run upwards.

The Nikkei  posted higher on Wed Feb. 4, 2015, up 1.8% because of banking sector performing unusually well for the day and also very strong company earning reports from Mitsubishi .

Australia’s index also outperformed  climbing 1.2% because of the interest cut instituted by the Federal Reserve Bank of Australia.

-SB

BLACKBERRY MIXED EARNINGS REPORT BRING A DIP TO THE STOCK

 

Blackberry pics

BY: Economic and Finance Report

Blackberry shares dipped a bit on Friday  because of their mixed earning report for the end of the year quarter. Finishing down to $9.99. There seems that there is still a lot more work to be done as Blackberry is restructuring the company.

The company did below what analysts had predicted of $1 billion dollars in revenue. Blackberry reported losing  $148 in revenue in the 3 quarter. Blackberry executives expect the company to continue with either “break-even” or a little better route in their cash flow for 2015, but the Chairman/CEO John Chen expects Blackberry to hit profitability in the beginning of 2016.

-SB