Author: AnswerStock

Levi Strauss Investors Are Frustrated

By AnswerStock•

The company’s shares fell after a disappointing earnings report.

On Tuesday, Levi Strauss released its second-quarter earnings report and the results weren’t quite what investors were expecting. The company’s shares fell 6% after investors learned it had fallen short on profit expectation.

During the second quarter, Levi Strauss earned 7 cents per share in comparison to earnings of 19 cents per share a year earlier.

So, what’s happening?

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US Seeks Military Coalition for Waters Off Iran, Yemen

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Gulf tanker tensions are rising…

The United States is enlisting military allies in the Gulf and Yemen waters.

Vital marine trade locations for oil exports in the Middle East include the Straits of Hormuz (south of Iran), and Bab al-Mandab (south of Yemen). 

Daily, over 4 million barrels of oil travel from the Straits of Hormuz and Bab al-Mandab to the rest of the world. Even after the U.S. blamed Iran for two attacks on U.S. tankers in June (denied by Iran), a U.S. drone was later shot down by Iranian military forces. 

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Chewy’s Success Shows Growing Demand for Pet Retailers

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Chewy’s shares continue to trade above its IPO price of $22.

Online pet retailer Chewy made an impressive debut during its initial public offering on June 14. The company’s shares rose 88% from its offering price of $22 per share and ended the day at $34.99.

The stock has fallen since then, though Chewy’s shares continue to trade for about their IPO price. On Tuesday, JP Morgan Chase initiated the stock as overweight. 

Here’s what Chewy’s doing well, and why it’s a great sign for the pet industry…

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Pepsi EPS Up in Q2 Earnings Report

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Pepsi did it again…

This morning, Pepsi announced that earnings per share once again beat expectations, marking a 13-quarter run for the soda pop blue chip.

PepsiCo’s second-quarter core earnings per share (EPS) were reported at $1.54, beating predictive estimates of $1.49. Even though core EPS declined 7.2% year over year, the current numbers show Pepsi is returning value to shareholders.

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Jim Beam Fire Runoff Kills Thousands of Fish

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The Jim Beam warehouse fire’s effects have hit the rivers…

The runoff from last week’s fire at the Jim Beam warehouse near Frankfort, Kentucky has traveled more than 20 miles along the Kentucky River, killing thousands of fish. And now the contaminated liquor is traveling into the Ohio River. 

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Kelly Services Wins on Jobs Numbers

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A new U.S. jobs report contains both good news and bad news for investors…

The strength of contributing 224,000 jobs to the market, which substantially beat analysts’ expectations, is traditionally a good sign for the American economy.

The twist here is that the strong jobs report actually sent markets down, because it decreases the chances that in the short term, the Federal Reserve central bank will rush in and cut interest rates to help prop up the economy.

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Citi: Rough Road Ahead for Verizon

By AnswerStock•

Verizon’s shares fell on Monday after being downgraded by Citi.

Verizon’s shares fell more than 1% on Monday after being downgraded by Citi. Citi downgraded the company from buy to neutral but maintained its $62 price target.

Verizon is the second-largest wireless carrier in the U.S. The company’s shares have done well over the past year and are up more than 12% from a year earlier. But according to Citi analyst, Michael Rollins, this may not be enough for the company to remain competitive long-term.

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Netflix Loses Rights to Air “The Office”

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The company will lose the rights to air its most popular series in 2021…

Providing great content is everything for Netflix so the company was under pressure when it came out that Netflix will lose one of its most popular series. “The Office” will be removed by NBC in 2021. 

Netflix offered to pay NBC $90 million per year to continue airing the show but NBC declined. “The Office” is one of the most-watched shows on Netflix so it will be a major blow for the company to lose the series.   Continue reading “Netflix Loses Rights to Air “The Office””

Delta’s Plan to Make Long-Haul Economy Travelers Feel Like VIPs

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Delta Air Lines is on a mission…

Launching in November 2019, Delta Airlines is providing some new benefits to main-cabin economy passengers on international routes (6-hour flights and longer).

New services begin with how guests are greeted at the gatehouse, and at the boarding door. Here’s how it starts…

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New Auto Numbers Reveal Mixed Success for Domestic, International Firms

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Automakers announced U.S. vehicle sales numbers. The winners and losers are…

Some of the winners include Tesla, where record deliveries of 95,200 units (77,550 Model 3 cars, and 17,650 Model S and Model X electric vehicles) pushed the company’s stock price up 6 percent.

Fiat Chrysler also fared well, with the best sales numbers for the June month in over a decade. This news drove the car maker’s stock up .2 percent, reversing a trend where the company has lost almost 10 percent of its value during the past three months.

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