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Macro Focus
All eyes will be on Jackson Hole, Wyoming, on Friday as Federal Reserve chair Janet Yellen delivers a speech at the annual
Economic Symposium. Traders will be paying close attention to any indication from Yellen of whether or not a September rate hike
could be on the table and what type of long-term plan the Fed has to normalize interest rates.
BZ News Desk
GameStop (NYSE: GME) Reports Q2 EPS $0.27
vs. Est. $0.27, Rev. $1.631B vs. Est. $1.72B
Autodesk (NASDAQ: ADSK) Reports Q2
non-GAAP EPS $0.05, Revenue $551M vs $512.07M Est
Splunk (NASDAQ: SPLK) Reports Q2 Adj.
EPS $0.05 vs $0.03 Est., Sales $212.8M vs $200.5M Est.
Ulta Beauty (NASDAQ: ULTA) Reports Q2
EPS $1.43 vs. Est. $1.40, Rev. $1.069B vs. Est. $1.06B
Big Lots (NYSE: BIG) Q2 EPS $0.52 vs $0.46
est, Revenue $1.20B vs $1.22B est
Sell-Side's Most Noteworthy Calls
B. Riley downgraded Nike (NYSE: NKE) to
Neutral.
Citi downgraded Signet (NYSE: SIG) to
Neutral.
HSBC upgraded Southern Copper (NYSE: SCCO)
to Hold.
Credit Suisse upgraded Petrobas (NYSE: PBR)
to Neutral.
Raymond James started Intuitive Surgical (NASDAQ: ISRG) at Outperform.
Deal Talk
Belgium’s Anheuser-Busch InBev (NYSE: BUD)
warned Friday its beer megamerger with SABMiller (OTC: SBMRY) could lead to thousands of job losses in coming years, according to documents
related to the transaction.
Carl Icahn has recently discussed selling his stake in Herbalife (NYSE: HLF) to a group including the company’s arch-nemesis Bill Ackman. Jefferies has been
seeking over the past month to find buyers for Icahn’s 18 percent stake, which is worth roughly $1 billion, people familiar with
the matter told WSJ. The status of the talks and which other investors may be involved wasn’t clear and Icahn may sell nothing in
the end.
In The News
A top executive at a South Korean company facing a corruption investigation was found dead early Friday just hours before he was
due to be questioned by prosecutors. Lee In-won, vice president of the conglomerate Lotte Group, was discovered lying on the ground
with a necktie around his throat, according to local police.
When the Democratic National Committee announced its $32 million fundraising haul last month, it touted the result as evidence
of “energy and excitement” for Hillary Clinton’s nomination for the White House and other races down the ballot. The influx of
money, however, also owes in part to an unprecedented workaround of political spending limits that lets the party tap into millions
of dollars more from Clinton’s wealthiest
donors.
Blogosphere
Most first-time workers accumulate stuff, dine out, and spend a lot to keep appearances. They want the latest gadgets and that
trip of a lifetime to the Caribbean. They work hard to sustain their comfortable lifestyle.
When you’re in your 20's, there’s no urgency to think about retirement. The deadline is decades away, so why worry now? Wrong.
Here are six things
you should consider in money budgeting.
Trending
NUGT HLF DG TLND SWHC ULTA ADSK SPLK BIG PVH SIG GDX MYL
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