Wall Street processes many quarterly figures


The stock markets in New York are expected to face a slightly higher opening on Tuesday. Investors on Wall Street receive a slew of corporate figures, with social media company Twitter appearing to be well received. Big names such as Coca-Cola, Procter & Gamble, Lockheed Martin and United Technologies also opened the books.

Twitter was the first of the well-known social media companies to launch quarterly figures. The number of daily users who see advertisements has risen faster than experts had anticipated. As a result, the revenues were also higher than expected. Nabeurs comes Snap, creator of the Snapchat app, with numbers and later this week industry colleague Facebook comes with results.

Of the large companies, Coca-Cola had a good start to the year, in which sales and profits increased. Care and cleaning product group Procter & Gamble increased its forecasts for organic revenue growth. Industrial conglomerate United Technologies and telecom company Verizon also look ahead more positively, as do defense group Lockheed Martin.

Toy maker Hasbro was surprised by the loss of a year earlier and turned into a profit and made a head start before the stock market. In previous periods, the company struggled as a result of the collapse of toy store chain Toys ‘R’ Us. Paintmaker Sherwin-Williams, motorcycle manufacturer Harley-Davidson and white goods manufacturer Whirlpool also opened the books.

Oil prices continued to rise slightly following news that the US government does not want to extend certain oil exemptions from sanctions with Iran, while Tehran threatens to close the Strait of Hormuz. Oil and gas companies ConocoPhillips, Chevron and ExxonMobil stood at modest profit before the opening of the stock exchange.

Tesla can also count on attention. The company will start rolling out a taxi service with self-driving cars in a number of states in the United States next year, said Elon Musk, CEO at an investor day. The electric car manufacturer unveiled a new microchip that allows a car to drive without a driver.

In the macro-economic area, data on the sale of new-build homes in the US is coming soon after the start.

The stock markets in New York closed on Monday with small gains. The Dow-Jones index closed 0.2 percent lower at 26,511.05 points. The broad S&P 500 won 0.1 percent to 2907.97 points and the Nasdaq technology fair rose 0.2 percent to 8015.26 points.

By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.dekramer@economicinform.com

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