NEW YORK, November 16, 2018 /PRNewswire/ --
After facing a shaky week, U.S. stocks began to rebound on Thursday led by higher bounces from J.P. Morgan Chase and Apple.
Stocks were pushed into bear market territory early on the week driven by a stronger dollar fear and Brexit drama. Global markets
began to rebound quickly after the U.S. and China continued efforts to mend relations as the
trade wars continue. Despite the rebound on Thursday, the Dow Jones Industrial Average fell by 2.9% or approximately 734.15
points, slightly recovering from a low of 24,835.48 this week. The S&P 500 rose by 0.87% on Thursday, while the Nasdaq
Composite gained 1.4%. YY Inc. (NASDAQ: YY), Canada Goose Holdings Inc. (NYSE: GOOS), Cisco Systems, Inc. (NASDAQ: CSCO), Walmart
Inc. (NYSE: WMT), KB Home (NYSE: KBH)
"The hard part for most investors is not so much that earnings are disappointing or not, the real issue is what's going to
happen next year," said Bruce McCain, Chief Investment Strategist at Key Private Bank, according
to CNBC. "There's a sense that it can't get too much better. Looking forward, with the market turmoil overseas and the
recognition that the effect of the tax cuts will begin to wane, it's hard to think it'll get better."
YY Inc. (NASDAQ: YY) reported its third quarter financial results after market close on Monday. Despite topping
estimates, shares fell by 5.65% during after hours. Although, YY shares quickly recovered, recovering nearly 13%. For the third
quarter, YY reported net revenue of USD 597 Million, increasing 32.6% year over year. The Company
reported earnings per share of uSD 1.76, increasing 11.1% year over year and beating estimates of
USD 1.73.
Canada Goose Holdings Inc. (NYSE: GOOS) reported its second quarter financial results and topped estimates, sending
shares rocketing by 9.2% during Wednesday's premarket hours. For the second quarter, Canada Goose reported revenue of
CAD 230.3 Million, beating estimates of CAD 200.6 Million. The
Company reported earnings per share of CAD 0.46 cents, topping estimates of CAD 0.26.
Cisco Systems, Inc. (NASDAQ: CSCO) reported its first quarter financial results on Wednesday after market close and
topped estimates, sending shares 5% higher. Cisco also provided guidance that fell in-line with estimates. For the third quarter,
Cisco reported revenue of USD 13.07 Billion, beating estimates of USD 12.87
Billion. The Company reported earnings per share of USD 0.75 cents, also beating estimates
of USD 0.72 cents.
Walmart, Inc. (NYSE: WMT) reported its third quarter financial results before the opening bell on Thursday. Walmart
reported weaker-than-expected earnings, sending shares down by over 2% at the opening bell. For the third quarter, Walmart
reported revenue of USD 124.9 Billion, increasing 1.4% year over year. Walmart comp sales increased
by 3.4% year over year, due to stronger sales across its stores and Sam's Club locations.
KB Home (NYSE: KBH) shares plummeted by 17.4% on Thursday after the Company provided a lower-than-expected guidance of
its fourth quarter financial results. Chief Executive Officer Jeff Mezger said in a conference
call that KB Home's fourth quarter revenue will be in the range of USD 1.31 Billion to USD 1.34 Billion, lowered from its previous guidance of USD 1.39 Billion to
USD 1.45 Billion. Analysts are forecasting revenue of USD 1.43
Billion.
Follow us on Twitter for real time Financial News Updates: https://twitter.com/FinInsiders
Follow and talk to us on Instagram: https://www.instagram.com/financialinsiders/
Facebook Like Us to receive live feeds: https://www.facebook.com/financialinsiders/
About FinancialInsiders.com
Financialinsiders.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially-driven digital space, video production and integration of social media,
FinancialInsiders.com creates 100% unique original content. FinancialInsiders.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: Financialinsiders.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.Financialinsiders.com (the "site") is either original financial
news or paid advertisements provided [exclusively] by our affiliates (sponsored content), Financialinsiders.com, a financial news
media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles
posted on the Site or other editorials for advertising such companies. Financialinsiders.com has not been compensated directly by
any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not
represent or warrant that the information posted on the Site is accurate, unbiased or complete. Financialinsiders.com receives
fees for producing and presenting high quality and sophisticated content on Financialinsiders.com along with other financial news
PR media services. Financialinsiders.com does not offer any personal opinions or bias commentary as we purely incorporate public
market information along with financial and corporate news. Financialinsiders.com only aggregates or regurgitates financial or
corporate news through our unique financial newswire and media platform. For this release, Financialinsiders.com has not been
compensated for financial news dissemination and PR services by any parties. Our fees may be either a flat cash sum or negotiated
number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly
paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the
engagement. Financialinsiders.com will always disclose any compensation in securities or cash payments for financial news PR
advertising. FinancialInsiders.com does not undertake to update any of the information on the editorial or Site or continue to
post information about any companies the information contained herein is not intended to be used as the basis for investment
decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer
or solicitation to buy, hold or sell any security. Financialinsiders.com, members and affiliates are not responsible for any
gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. Financialinsiders.com. By accessing this editorial and website and any pages thereof, you agree to be
bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by
Financialinsiders.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a
particular investment strategy or that any security is suitable for any investor. This publication is provided by
Financialinsiders.com. Each investor is solely responsible for determining whether a particular security or investment strategy
is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult
with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to
the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information
is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer,
disclosure and Terms of Use, please visit: http://www.Financialinsiders.com .
Media Contact:
info@Financialinsiders.com
+1-212-381-6028
SOURCE FinancialInsiders.com