TheStreet TV show

TheStreet TV

Summary: Financial news and analysis from TheStreet

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 Midday Report: United Technologies Eyes Rockwell Collins; Dow's Streak on the Line | File Type: | Duration: 01:00

The Dow's record-breaking streak was in jeopardy to begin the week. The blue-chip index ended Friday with its eighth record close in a row. Broader markets were under pressure as a selloff in crude oil weighed on the energy sector. United Technologies Corp. was the biggest weight on the Dow, declining on reports it could make a play for Rockwell Collins Inc. United has a market cap of roughly $97 billion, while Rockwell sits at just over $19 billion. Tyson Foods Inc. rose after topping third-quarter estimates and guiding for an in-line full year. Strength in its beef and pork segments led to a nearly 5% increase in sales over its recent quarter. Netflix Inc. announced that it had bought comic book publisher Millarworld, its first acquisition in its history. Millarworld is the company behind popular titles including Kick-Ass and Kingsman. Netflix did not detail the costs of the deal.

 Midday Report: Pershing Square Shows Interest in ADP; Jobs Report Kicks Off Small Gains | File Type: | Duration: 01:04

The U.S. economy added more jobs than anticipated in July, while earnings growth continued to rise as expected. The jobs report inspired slight gains on Wall Street to end the week, putting the Dow Jones Industrial Average on track to close at its eighth straight record. GoPro Inc. rocketed higher after issuing an upbeat outlook for its third quarter. The action camera maker also topped estimates over second quarter with a far narrower loss than anticipated and a 34% increase in sales. Automatic Data Processing Inc. was active after confirming interest from Bill Ackman's Pershing Square. The activist investor seeks control of the company by way of five board seats and a change in CEO. ADP has rebuffed the advances. Weight Watchers International Inc. surged after posting growth in earnings and revenue over its second quarter. The weight loss company also issued solid forecasts "reflecting continued momentum."

 Midday Report: Dow Struggles After Days of Records; Square Halves Quarterly Net Loss | File Type: | Duration: 01:02

The Dow Jones Industrial Average struggled for direction after six straight days of record closes. Should the blue-chip index end higher, that will mark its longest record-breaking streak since mid-February. The tech sector weighed on the rest of markets. Services activity in the U.S. weakened in July to its lowest level in 11 months. However, the measure remained above the 50 level indicative of expansion for its 91st straight month. Factory orders in June rebounded at a slightly faster-than-expected pace. The Commerce Department reported a 3% increase in orders, reversing a 0.8% drop in May. Square Inc. halved its quarterly net loss and increased its outlook for the full year. A second-quarter loss of 4 cents a share beat estimates by a penny, while adjusted revenue surged 41%.

 Closing Bell: AMC Entertainment Tanks; Dow at Another Record, Sixth in a Row | File Type: | Duration: 01:07

It was another record close for the Dow, its sixth in a row. A positive quarter from Apple sent its shares higher and pushed the Dow to end with slight gains. The blue-chip index surpassed its 22,000 milestone earlier. AMC Entertainment lost a quarter of its value after warning of a loss in its second quarter far wider than consensus. The theater chain said the U.S. film industry suffered a weak second quarter and anticipates a "very challenging" third quarter. Mondelez topped profit estimates over its recent quarter and announced a dividend hike. The company also said long-time CEO Irene Rosenfeld would step down, though continue on as chairman through to March. Garmin rose after adjusted profit and revenue came in higher than expected. The GPS tech company got a boost from fitness products, which offset weakness in its vehicle navigation unit.

 Midday Report: Rio Tinto Pulls Materials Lower; Dow Hovers Around 22,000 Milestone | File Type: | Duration: 01:02

An early-morning rally proved short-lived as a sharp decline in materials stocks overshadowed a positive earnings report from Apple Inc. . The Dow reached its never-before-seen 20,000 level earlier. Crude oil prices were in flux even after a decline in domestic inventories. The EIA reported a drop in crude supplies of 1.5 million barrels in the past week. Distillate and gasoline stockpiles also declined. Rio Tinto PLC weighed on the materials sector following a disappointing first half of the year. The mining company earned underlying profit of $3.94 billion over the first half of the year, lower than consensus. Time Warner reported a better-than-expected second quarter thanks to the box-office success of Wonder Woman. The media company expects its merger to AT&T to be completed by year's end.

 Closing Bell: GM, Ford Report Disappointing July; Dow at New Records | File Type: | Duration: 01:05

The Dow entered the new month with a bang. The blue-chip index scored a new record close for its fifth session in a row after hitting an intraday higher earlier in the day. The s and p and Nasdaq were also higher. Sprint Corp. rallied after returning to profit for the first time in three years, surprising analysts looking for a small loss. Sprint's gains boosted the telecom sector. Dow component Verizon Communications Inc. also made strides higher. It was a disappointing July for automakers. Ford Motor Co. , General Motors Co. and Fiat Chrysler Automobiles each reported worse-than-expected sales for the month, largely tied to lower fleet sales. Toyota Motor Corp. was the only automaker to beat estimates. Under Armour Inc. tumbled after cutting its full-year sales growth forecasts. The retailer also announced a restructuring plan involving job cuts that is expected to rack up charges of at least $110 million.

 Closing Bell: Boeing Leads Dow Gains; Dow Ends With Fourth Record in a Row | File Type: | Duration: 01:03

The Dow Jones Industrial Average notched a new record for its fourth day in a row. The blue-chip index also closed out July with its best gains since February. The S&P 500 dipped into the red in the closing minutes. Boeing Co. led the Dow after issuing a positive outlook for sales in India. The aircraft manufacturer expects regional airlines to order up to 2,100 new models over the next two decades, a record forecast for India. Sprint Corp. declined after Charter Communications Inc. said it wasn't interested in buying the company. That follows on from reports last week that Sprint had been in talks with Charter and Comcast. HSBC Holdings PLC was higher after posting stronger-than-expected first-half earnings. Pretax profit rose just over 5% from a year earlier. The bank also launched an additional $2 billion share buyback program.

 Midday Report: Discovery Snaps Up Scripps; Mixed Day for Wall Street | File Type: | Duration: 01:03

Stocks were sent in two directions to begin the week with the Dow Jones Industrial Average hitting new highs, the S&P 500 holding near flat and the Nasdaq lower. Boeing Co. gains led the Dow again. Business activity in the Chicago region declined to its lowest level in three months, though held in expansion territory for its seventeenth month. Sentiment declined for the first time after five months of increases. Pending home sales rose in June for the first time in four months and at a faster pace than anticipated. Gains were broad with only the Midwest seeing a small dip. The measure monitors sales in which a contract has been signed but deal not yet closed. Discovery Communications Inc. agreed to acquire Scripps Networks Interactive Inc. in a cash-and-stock deal worth $14.6 billion. However, Discovery shares declined after a disappointing second quarter.

 Closing Bell: Mattel Falls on Weak Barbie Sales; Dow at New Records Again | File Type: | Duration: 01:01

Quarterly disappointments from Starbucks Corp. and Amazon.com Inc. weighed on markets to end the week. The Nasdaq and S&P 500 fell, while the Dow Jones Industrial Average logged another record close with small gains. Crude drilling activity rose in the past week with the number of active rigs rising for their 26th time in 27th weeks. Even so, crude oil held onto gains and settled at its highest level since late May. Wells Fargo slid after admitting it pressured roughly 570,000 customers into auto loan policies that were needed. The bank will pay $80 million in refunds. Mattel Inc. was sharply lower after a slowdown in sales of its iconic Barbie doll contributed to a disappointing quarterly performance. Barbie sales fell 5% over the recent three-month period, the third straight decline in a row.

 Midday Report: Tobacco Stocks Take a Dive; Amazon, Starbucks Sink Nasdaq | File Type: | Duration: 01:03

The Nasdaq retreated further from records following disappointing earnings from Amazon.com Inc. and Starbucks Corp. . The S&P 500 joined the tech-heavy index to trade in the red. Consumer sentiment retreated in July, though not as fast as analysts anticipated. Sentiment has remained robust since the November election, though measure remains sharply divided between Republicans and Democrats. Tobacco companies such as Philip Morris International Inc. PM and British American Tobacco PLC took a dive after the FDA announced plans to pursue lowering nicotine content in cigarettes. The FDA's strategy aims to limit the substance amount to combat U.S. addiction rates. Chevron Corp. moved higher after swinging to a quarterly profit of $1.5 billion over its recent quarter. Revenue of $33 billion was in-line with estimates.

 Closing Bell: Tech Takes a Tumble to Spoil Nasdaq's Record Run; Facebook Stays Higher | File Type: | Duration: 01:02

The tech sector took a surprise turn lower this afternoon, dragging the Nasdaq and S&P 500 from records. The Dow Jones Industrial Average held higher, though, notching a new all-time closing high. Facebook Inc. managed to hold onto gains on investor optimism over growth in advertising revenue. The social network also reported just over two billion monthly active users in the second quarter, a level it had never reached before. PayPal Holdings Inc. also shook off the tech selloff after a solid three-month performance and a positive outlook for the full year. Transactions rose 23% over its recent quarter. Nordstrom Inc. was higher on reports the family is in talks with private-equity firms to take the company private. The department store is reportedly giving preferential terms to those which fund the purchase.

 Midday Report: Twitter Sells Off on Worries Over User Growth; Wall Street at Intraday Records | File Type: | Duration: 01:04

It's the busiest day of the second-quarter earnings season with a bunch of companies having reported before the bell and just as many set for this afternoon. Positive earnings from Facebook Inc. boosted markets, sending the Nasdaq to intraday highs. Comcast Corp. moved higher after it turned out a strong quarterly performance tied to solid box office, TV and theme park results. Overall revenue jumped nearly 10% with the largest gains seen in filmed entertainment. Twitter Inc. sold off on worrying signs of slowing user growth. The social network reported 328 million monthly active users over the second quarter, a flat reading from the first three months of the year. Anheuser-Busch InBev led the consumer sector higher on better-than-expected earnings. Strong performances in Mexico, Australia and South Africa offset weakness in Brazil.

 Midday Report: McDonald's, Caterpillar Drive Triple-Digit Dow Gains; Alphabet Sinks | File Type: | Duration: 01:04

The Dow Jones Industrial Average held onto triple-digit gains through the morning session, while the S&P 500 reached a new intraday record. The Nasdaq had a tougher time as Alphabet Inc. fell on traffic acquisition costs. McDonald's Corp. was one of the best performers on the Dow following a better-than-expected quarterly performance. Global same-store sales increased 6.6%. U.S. same-store sales climbed nearly 4% and came in 100 basis points above estimates. Caterpillar Inc. , another Dow component, rallied on an upbeat outlook. The heavy machinery company said it was seeing improved demand for construction across most regions. The U.S. consumer remains confident even as spending remains tepid. The Conference Board's consumer confidence index hit its second-highest level since 2000 in July.

 Midday Report: Sears Rockets Higher on Amazon Deal; Materials Weigh on Wall Street | File Type: | Duration: 01:04

Stocks were in flux with investors hesitant to pull benchmark indexes to new records. All three indexes had closed Wednesday at all-time highs. Materials were the biggest losers, while consumer names led gains. Sherwin-Williams was the biggest drag on materials after a disappointing quarterly performance. The paint and coating company also guided for below-consensus third-quarter earnings. Sears Holdings rocketed higher after sealing a deal to sell Kenmore appliances through Amazon.com . This marks the largest distribution network for Kenmore products outside of Sears stores. The deal sent Home Depot and Lowe's lower. T-Mobile reported a jump in quarterly earnings. The telecom also added 1.3 million customers over the three-month period, its 17th consecutive quarter with growth of more than one million.

 Closing Bell: Vertex Pharmaceuticals Up on String of Upgrades; Records for Wall Street | File Type: | Duration: 01:03

The Nasdaq and S&P 500 ended at records for the second day in a row. Broadcast stocks rose after deal talks between Discovery Communications and Scripps Networks , while tech names continued their recovery. Morgan Stanley was one of the only banks to rise following its second-quarter report. Investment banking revenue was 27% higher. Like other banks, bond trading revenue did get hit. CSX Corp. declined after projecting full-year earnings growth below Wall Street estimates. The railroad company did top profit and sales estimates over its second quarter, though, while adding another $500 million to its share buyback program. Vertex Pharmaceuticals rocketed higher after a series of analyst upgrades. Raymond James, Cowen and Barclays bumped up their ratings following positive mid-stage results for Vertex's cystic-fibrosis combination treatments.

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