Sunday, July 12, 2015

Wall Street: weekend on a high note. – Express Your … – The Express

The US stock markets ended the session sharply higher. Late in the session, the Dow Jones ahead by 1.21% to 17,760.41 points while the Nasdaq Composite gained 1.53% to 4997.7 points.

Investors are increasingly many to hope that the latest proposals submitted by Athens will help Greece avoid leaving the eurozone.

‘Analysts agree that the new Greek plan – completely identical to that which had been denied to this there are several weeks – could mean that Athens is willing to take a stand more conciliatory in negotiations, “commented ADS Securities.

Always on the side of the good news, the Shanghai Stock Exchange has offered a 4.5% gain in the night, while shares in mainland China had lost a third of their value in the within three weeks.

Only day statistics, inventories of US wholesalers rose 0.8% in May, after rising 0.4% the previous month, according to the Commerce Department.

The consensus of economists had forecast a rather slower growth in sequential around + 0.3%.

In terms of values, Gap was down 0.5% after it reported sales of $ 1.5 billion in June, a stable figure year on year, although at constant exchange rates, the American group of clothing stores posted a 2% increase.

Netflix wins 1.5% after a research note from Morgan Stanley analysts have raised their price target on the title to 750 dollars. Morgan Stanley – which confirms its recommendation “overweight” on the American specialist in video on demand – says even consider a goal of $ 940 under a positive scenario (‘bull case’).

The research department has decided to raise its estimates on the group, mainly perspective first anticipated price increases in the United States.

Google (+ 1.8%) also outperformed the Nasdaq Friday after Credit Suisse raised its marginal price target on the title, from 690 to 700 dollars. The intermediary – an opinion that shows “outperform” on the search engine – justified his optimism by the favorable prospects of its YouTube subsidiary.

‘We believe that the contribution to consolidated revenues of YouTube and Google Play climbed 4% of gross income in 2010 to 15% in 2015 and should reach 24% of 2020 in view of the growth trajectory compared to the search, “he wrote.

United Airlines recorded a 2.6% increase in passenger traffic last month to 17,191,313. The US airline has recorded 8,674,038 passengers in the domestic market and internationally 8,517,275, or increases of respectively 3.8 and 1.4% yoy.

Copyright (c) 2015 CercleFinance.com. All rights reserved.

LikeTweet

No comments:

Post a Comment