Sentiment this morning . Australian shares have opened lower on the Escalatin Lower on the escalating tensions. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think will see volatility, i think think will see volatility, i think that will be on the framework for that is a word to be some framework for that is a word to be some sort of counter move by israel be some sort of counter move by israel i be some sort of counter move by israel i think that would rock it markets very much to the upside it markets very much to the upside is it markets very much to the upside is far as crude oil in the upside is far as crude oil in the us upside is far as crude oil in the us dollar as a safe h
Some of these names, court, have had a crazy morning already. Thats exactly right and its only going to get crazier. Next week is black friday, so walmart shares higher, almost 9 after another quarter of what the company is calling broad based strength so profit and revenue beating estimates. The retailer also raising its full year guidance to a range above the current consensus. U. S. Comp store sales up 2. 7 . Thats the best number in eight years. 13 straight quarters of growth there. Now, theres an estimated 30 to 50 basis point hurricane benefit with that stock up on replenishment or purchases after the hurricane, but even without it youd be looking at a 2. 2 to 2. 4 comp and that would still be the strongest in years. So walmarts u. S. Ecommerce sales contributed 80 basis points to the total comp pretty typical net u. S. Online sales grew 50 from last year that growth rate is down slightly from the growth rates of the last two quarters as anniversary of that jet acquisition that h
Economistewinning says it should be outlawed. All that to come in the next 30 minutes at first a market check. Fang not doing well, nor are semiconductors. A very interesting divergence for the major averages. The dow up 2 10 of 1 and the tech heavy nasdaq down 1. 7 with the s p 500 down fractionally with a divergence between the s p 500 and the dow, on the one hand a huge selloff for the nasdaq, down 1. 7 . The chip index down 5. 23 , the worst day since brexit in 2016. Seeing a big selloff for the fang and in the chip stocks. A look at the nasdaq 100, big tex is getting hit. Getting hit. Here is the chart. A steady decline on the day, down 2. 2 on pace for its worst day since august. Someone thinks it was not triggered by janet yellen but by bearish or cautious research out of Morgan Stanley, including a few days ago. Lets look at the drags on the nasdaq 100. Apple, amazon, facebook, nvidia. Nothingmazon, facebook, to dismiss nothing too specific outside of cautious comments but in v
Snap spiked after a blow away report,uarter earnings with revenues topping estimates for the First Time Since the company went public on most a year ago. The earnings were buoyed by momentum in the ad business and user growth. Fourthquarter sales jumped 72 to 785 million. We broke it down with the with alyst market analyst and a bloomberg reporter. What did snap get right this quarter . Well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. Down,ice of ads has gone but the volume in the amount of time people look at these ads is going up, so snap has been able to make this work for them this quarter for the first time. Deborah, what is jumping out to you . We know they have been doing a lot, the whole redesign, perhaps we are seeing some of the results of that, but what do you think is really driving these results . You know, i think it is a couple fac
But first, to our lead. Snap spiked after a blowaway fourthquarter earnings report, with revenues topping estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the ad business and user growth. Snap said fourthquarter sales jumped 72 to 785 million. Its daily active users are up 18 from one year ago. We broke it down with a market analyst, deborah, and a bloomberg reporter sarah frier, who covers snap. What did snap get right this quarter . Well, they have been transitioning their advertising business to make it more automatic, more programmatic, selling ads automatically, which means they can have a bigger base of advertisers. The price of ads has gone down, but the volume in the amount of time people look at these ads is going up, so snap has been able to really make this work for them this quarter for the first time. Emily deborah, what is jumping out to you . We know they have been doing a lot, the whole redesign, perha