1. Stocks surge: U.S. stock indexes look set to build on their record-setting performances.
The Dow Jones industrial average and S&P 500 have both added more than 2.5% since the start of the year. The Dow is now trading near the 20,300 point level.
The tech-heavy Nasdaq index has also turned in a very strong performance, gaining 6.5% since the start of 2017.
U.S. stock futures were inching up on Monday and could be on track for new all-time highs.
Most European and Asian markets were also positive.
2. OPEC oil report: Investors will be watching to see if OPEC cut crude production in January.
OPEC and other major producers agreed to slash oil production late last year and it looks like they’re sticking to the plan. Last week, the International Energy Agency announced the cartel was 90% in compliance.
OPEC will release its own report on Monday.
The agreement to cut production has helped boost crude prices. Crude oil futures are currently trading around $53.50 per barrel, more than double their lowest level of 2016.
investment definition: China Mobile (Hong Kong) Ltd.(CHL)
- [By Lisa Levin]
In trading on Thursday, telecommunications services shares fell 0.12 percent. Meanwhile, top losers in the sector included China Mobile Ltd. (ADR) (NYSE: CHL), down 3 percent, and Partner Communications Company Ltd (ADR) (NASDAQ: PTNR), down 1.5 percent.
- [By David Goodboy]
Rumors are that Apple will use this opportunity to announce the long-awaited deal with China Mobile (NYSE: CHL), which is the world's largest cellphone carrier with more than 700 million active users. Clearly, there are impediments in the way, but the potential for a lower-priced iPhone for this market means strong possibilities remain. This deal would be a major upside catalyst for Apple shares.
- [By Motif Investing]
The most heavily weighted names in the motif are China Mobile Ltd. (ADR) (NYSE: CHL), Aibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), India's HDFC Bank (NYSE: HDB) and Russia's Mobile TeleSystems PJSC (NYSE: MBT).
investment definition: Fastenal Company(FAST)
- [By Monica Gerson]
Shares of Alcoa Inc (NYSE: AA) dropped over 7 percent in pre-market trading after the company reported Q3 results. Alcoa posted Q3 adjusted earnings of $0.32 per share on sales of $5.2 billion.
Fastenal Company (NASDAQ: FAST) released third quarter financial results, reporting an earnings miss while revenue came in line with Street estimates. To read the full news, click here.
Twilio Inc (NYSE: TWLO) announced preliminary results for the third quarter that came in above the Street estimates. To read the full news, click here.
According to the Associated Press, Samsung Electronics (OTC: SSNLF) said it will no longer manufacturer its Galaxy Note 7 smartphones. The permanent discontinuation follows a round of reports saying customer's replacement phones have caught fire. To read the full news, click here.
- [By Monica Gerson]
Fastenal Company (NASDAQ: FAST) is estimated to report its quarterly earnings at $0.45 per share on revenue of $988.60 million.
Perry Ellis International, Inc. (NASDAQ: PERY) is projected to report its quarterly earnings at $0.35 per share on revenue of $214.26 million.
investment definition: AbbVie Inc.(ABBV)
- [By George Budwell]
Keeping this theme in mind, I think the Dividend Aristocrats AbbVie (NYSE:ABBV), Johnson & Johnson (NYSE:JNJ), and Medtronic plc (NYSE:MDT) are three outstanding stocks to steady any portfolio during these uncertain times. Here’s why.
- [By Kumar Abhishek]
The lower number of patient starts and rising competition has been a major worry for Gilead Sciences Inc. Most of the patients with serious Hep-C conditions have already been cured.It is estimated that more than 1 million Hep-C patients have been cured worldwide. And the entry of competitively priced drugs will further dent the growth of this segment. Gilead’s HCV drugs are facing tough competition from Merck (NYSE:MRK), AbbVie (NYSE:ABBV) and Bristol-Myers Squibb (NYSE:BMY). For example, initially, the price difference between Merck’s treatment plan and Gilead’s plan was a whopping $40,000. The rising competition is also impacting the HCV segment’s margins.
- [By Craig Jones]
Jon Najarian noticed high options volume in the November 205 calls in NVIDIA Corporation (NASDAQ: NVDA) ahead of earnings. He also spoke about unusual activity in AbbVie Inc (NYSE: ABBV). Traders were buying the November 91 calls in the name.
investment definition: Synacor, Inc.(SYNC)
- [By Lisa Levin]
Synacor Inc (NASDAQ: SYNC) shares dropped 18 percent to $3.42. Synacor priced 5.715 million shares at $3.50 per share.
Shares of Resources Connection, Inc. (NASDAQ: RECN) were down around 15 percent to $13.65 after the company posted downbeat quarterly results.
- [By Monica Gerson]
Synacor Inc (NASDAQ: SYNC) is projected to post a quarterly loss at $0.03 per share on revenue of $30.00 million.
VAALCO Energy, Inc. (NYSE: EGY) is expected to post a quarterly loss at $0.11 per share on revenue of $18.59 million.
investment definition: Time Warner Inc.(TWX)
- [By Matthew Briar]
The phrase “over the top television” – or its acronym “OTT” – aren’t necessarily newly-coined ones. The phrase/abbreviation materialized shortly after Netflix, Inc. (NASDAQ:NFLX) became a viable alternative to traditional cable television services less than a decade ago. The over-the-top race didn’t really heat up, however, until the past few months. Once it did heat up though, sparks started to fly in earnest.
They’re still flying too, and will be for a while if a small startup called Viva Entertainment Group Inc (OTCMKTS:OTTV) has anything to say about it. Netflix, Hulu [jointly owned by Walt Disney Co (NYSE:DIS) and Twenty-First Century Fox Inc (NASDAQ:FOXA)] and all the rest of the relatively new players in this space may want to look over their shoulder. In the meantime, investors may want to take a step back and look at where the real money in the OTT industry is going to be made during the next 10 years. OTTV plays a prominent role in that picture.
Contrary to popular belief, Netflix isn’t the totally dominant name it used to be in the Internet-delivered television industry. It was admittedly the first on the scene, and therefore was able to carve out the biggest piece of the market (which it still holds to this day). It’s largely become a commoditized business though.
Case in point? Aside from Hulu and Netflix, CBS Corporation (NYSE:CBS) has jumped into the game with its product called CBS All Access. The service allows subscribers, for a nominal monthly fee, to access a variety of CBS programming via the Internet. HBO, from Time Warner Inc (NYSE:TWX), has found respectable success with its subscription-based Internet television service called HBO Go.
Sling TV, from DISH Network Corp (NASDAQ:DISH), has really broken new ground in the over the top market by aggregating a variety of television channels into an entire package and then selling that package at a rate that’s much less than what it would cost a cable subscriber
- [By Benzinga News Desk]
It took a “Wonder Woman” not only to jump-start the summer box office, but end Time Warner Inc (NYSE: TWX)'s critically maligned skid as it tries to approximate the success of the rival Marvel Cinematic Universe franchise run by Walt Disney Co (NYSE: DIS): Link
- [By Brian Stoffel]
It’s important to remember that AT&T (NYSE:T) is more than just the namesake brand. The company also owns DirecTV, and it may soon acquireTime Warner (NYSE:TWX)if regulators approve the deal.
- [By Keith Noonan]
Time Warner (NYSE:TWX) has signed Avengers series director Joss Whedon to make a Batgirl movie that’s part of its DC Extended Universe (DCEU) movie franchise. In addition to television series including Buffy: The Vampire Slayer and Firefly, Whedon is known for writing and directing Disney’s (NYSE:DIS) first two Avengers films, so the director’s move to the DCEU franchise presents a notable creative shakeup in the cinematic superhero competition.