Image Source: Pixabay For the quarter ended September 2023, Paypal (PYPL – Free Report) reported revenue of $7.42 billion, up 8.4% over the same period last year. EPS came in at $1.30, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +0.37% over the Zacks Consensus Estimate of $7.39 billion. With the consensus EPS estimate being $1.22, the EPS surprise was +6.56%.While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a b...
Image Source: Pixabay Escalating geopolitical tensions and the risk of aggravation in the context of the Israeli-Palestinian conflict are adding new challenges to a fragmented world. The international economic and financial system can only emerge from this situation weaker, as inflation persists and growth remains weak.The Hamas attack on Israel on October 7 is a reminder of the 1970s and the sharp rise in oil prices that followed. But, as always, history only repeats itself. The current period is singular and deserves to be analyzed in the long term. It marks the end of an economic cycle that began in the aftermath of the World War II and ...
Image Source: Pexels David Zervos, Jefferies chief market strategist, and Barbara Doran, BD8 Capital Partners CIO, join ‘Closing Bell Overtime’ to talk about today’s Federal Reserve decision, the day’s market action, the latest batch of earnings and more.Video Length: 00:03:29More By This Author:Treasury To Borrow $776 Billion In The Fourth Quarter American Airlines Posts Third-Quarter Loss And Trims 2023 Profit Forecast Morgan Stanley Tops Profit Estimates On Better-Than-Expected Trading Results...
Image Source: Pixabay After the September to forget, October was another weak month for markets, with several factors driving losses across different asset classes. In particular, as DB’s Henry Allen notes, the attack by Hamas on Israel on October 7 led to significant concerns about geopolitical risk, and investors remained cautious given concerns about a wider escalation.Alongside that, October saw another strong round of US economic data, which helped drive a fresh rise in long-dated borrowing costs and added to fears about the impact of higher rates on the broader economy. That meant the S&P 500 lost ground for a 3rd consecuti...
Image Source: Pixabay The Dividend Aristocrats are among the best stocks for long-term income investors. Dividend Aristocrats have excellent business models that have produced annual dividend increases, even during recessions.The following 3 dividend stocks have increased their payouts for over 25 consecutive years, placing them on the exclusive Dividend Aristocrats list. They also have high expected total returns over the next five years. 3M Company (MMM) 3M is a global industrial manufacturer with more than 60,000 products that are used every day in homes, hospitals, office buildings and schools around the world. It has about 95,000 employ...
Image Source: Unsplash Silver is expected to play a significant role as the “green economy” evolves. The Silver Institute recently participated in a panel discussion titled “Silver’s Role in the Green Economy” at the London Bullion Market Association’s Global Precious Metals Conference in Barcelona, Spain.This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.Silver Institute Chairman Phillips Baker emphasized that silver is a vital component in solar panel production and demand is expected to increase significantly in the coming years. While there are efforts ...
Image Source: Pixabay BlackRock recently launched the industry’s first suite of 10 target-date ETFs that hold a mix of stock and bond funds and automatically adjust asset allocation over time. The world’s largest asset manager had previously offered target-date ETFs but shuttered them in 2014 due to a lack of investor interest.Target-date funds, earlier offered only as collective investment trusts or mutual funds, are designed for specific retirement dates and are very popular in 401(k) plans. These funds are meant for ‘set it and forget it’ investors as the exposure shifts from riskier to more conservative over ̵...
Image Source: Unsplash Qualcomm (QCOM – Free Report) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $3.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.21%. A quarter ago, it was expected that this chipmaker would post earnings of $1.81 per share when it actually produced earnings of $1.87, delivering a surprise of 3.31%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Qualcomm, which belongs to the Zacks Wireless Equ...
Image Source: Pixabay In today’s video we look at the bullish response to the Fed leaving rates unchanged. We discuss peak interest rates. We also discuss how the Fed signaled justification to raise rates and the reason why they didn’t raise rates.Video Length: 00:17:34More By This Author:Fed And Earnings – And Plenty More Volatility Financials Pump Ahead Of FOMC… What Do They Know?Are Markets Headed Off The Magnificent Seven Cliff?...
ASIA:The Bank of Japan has removed its 10-year bond yield ceiling of 1%, challenging the long-standing belief in a central bank ‘put.’ This belief, dating back to the days of Alan Greenspan, suggested that central banks like the Federal Reserve would always step in to support falling asset markets with monetary easing. The distinction between maintaining financial stability and bolstering asset markets became less clear after the 2008 financial crisis.The major Asian stock markets had mixed day today: NIKKEI 225 increased 742.80 points or 2.41% to 31,601.65 Shanghai increased 4.31 points or 0.14% to 3,023.08 Hang Seng decreased 10.70 poin...