UPS Earnings Delivered, Stock Slumps on Spending
UPS delivered positive earnings, but the stock slumped – shares are not cheap, with an elevated P/E ratio of 31.40.
UPS delivered positive earnings, but the stock slumped – shares are not cheap, with an elevated P/E ratio of 31.40.
Price has fallen to four-month lows and while a near-term reprieve may be in the cards, the broader risk remains lower. Here are the updated targets & invalidation levels.
The London market sank deeper into the red as investors punished outsourcing stocks amid persistent concerns over Capita’s financial strength. The FTSE 100 Index closed down 43.16 points to 7,490.39, with Capita continuing feel the impact of Wednesday’s trading update when it warned over profits, …
There’s a line in Warren Buffett’s 2000 letter to Berkshire Hathaway shareholders, where he says: “Nothing sedates rationality like large doses of effortless money.” *
At the time, of course, Buffett was reflecting on two years of “irrational exuberanc…
Over the month, the FTSE 100 fell 1.96%, the FTSE All-Share was down 1.93%, while the FTSE 250 index fell further, dropping 2.24%, all leading to negative returns for UK invested funds. The worst hit was the IA UK Equity Income sector, where the averag…
LONDON, Feb 1 (Reuters) – Vodafone posted a disappointing trading update on Wednesday and dragged British shares into a third day of losses as outsourcing firms failed to recover after Capita’s profit warning during the previous session. The FTSE 100 fell 0.6 percent to a six-week low with most …
A total of 746,000 people missed the deadline to file their self-assessment tax return, risking a £100 fine.
The near-term rally in AUD/USD unravels just ahead of the RBA meeting, with the pair at risk for further losses as it snaps the upward trend from the December-low (0.7501).
… in 2018 and 2019 (Image: Dominic Lipinski / PA Wire). The national minimum wage is currently £7.05 for under 25s and £7.50 for over 25s, making the Real Living Wage considerably higher. It is currently voluntarily paid by over 3,800 UK employers, including IKEA, Oxfam and a third of the FTSE 100.
Construction spending in the U.S. climbed to a new record high in the month of December, the Commerce Department revealed in a report on Thursday.
The Commerce Department said construction spending increased by 0.7 percent to an annual rate of $1.253…
I have long been a fan of FTSE 100 share InterContinental Hotels Group (LSE: IHG), thanks to the splendid profits prospects being created by its growing footprint across the globe. But before I continue with the hotels giant, I would like to look at an…
Growth in U.S. manufacturing activity saw a modest slowdown in the month of January, according to a report released by the Institute for Supply Management on Thursday.
The ISM said its purchasing managers index edged down to 59.1 in January from 59.3…
The mother of a teenager who drowned said she was “shocked” when she saw the advert.
CURRENCIES: The dollar rose to $109.41 yen from 109.11 yen on Wednesday. The euro strengthened to $1.2449 from $1.2410. MARKETS OVERSEAS: Major stock indexes in Europe declined. Germany’s DAX lost 1.1 percent, while France’s CAC 40 slid 0.5 percent. Britain’s FTSE 100 fell 0.2 percent.
Alphabet stock continues to surge, and its P/E ratio has declined to 39.50 from 50.77 toward the end of 2017.
U.S. Construction Spending Climbs 0.7% In December
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ISM U.S. Manufacturing Index Slips To 59.1 In January
The material has been provided by InstaForex Company – www.instaforex.com
These indices are more domestically focused, as they include fewer global companies than the FTSE 100. For example, they contain familiar names such as Topps Tiles (TPT), Mothercare (MTC), Foxtons (FOXT), Games Workshop (GAW) and Mr Kipling cakes maker…
The U.S. Dollar remains very weak on a longer-term basis, but bears have been unable to break below last week’s support. Non-Farm Payrolls can motivate matters a bit, and is on the calendar for tomorrow morning.
Germany’s benchmark stock barometer was on track for its biggest fall in two months, declining more than 1 per cent with every member of the index in the red. The gauge was recently down 1.4 per cent, which would be the biggest fall since the 1.7 per cent drop on December 1, 2017. Germany’s fall was …
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in U.S. labor productivity in the fourth quarter, although the report also showed a sharp jump in labor costs.
The report said labor productivity edged down b…
Facebook stock rallied to channel resistance above $190 after fourth quarter results and could trap late-to-the-party buyers in a reversal.
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With the release of the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a slight drop in first-time claims for U.S. unemployment benefits in the week ended January 27th.
The re…
FTSE 100 consumer goods giant Unilever (LSE: ULVR) has had a turbulent year. Less than 12 months ago, its board was fighting off an aggressive £115bn bid from US group Kraft Heinz and Warren Buffett. Chief executive Paul Polman then had to find a way to deliver faster profit growth and higher …
Over the long run, equal-weight ETFs offer outperformance potential over cap-weighted rivals.
Aussie Slides To 2-day Low Of 87.57 Against Yen
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Aussie Declines To 8-day Low Of 1.0868 Against NZ Dollar
The material has been provided by InstaForex Company – www.instaforex.com
Aussie Hits 1-1/2-month Low Of 1.5576 Against Euro
The material has been provided by InstaForex Company – www.instaforex.com
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in U.S. labor productivity in the fourth quarter, although the report also showed a sharp jump in labor costs.
The report said labor productivity edged down b…