(Boursier.com) – Wall Street posted a slight consolidation Tuesday after record close yesterday. Dow currently decreased by 0.21% at 18 598 pts, while the Nasdaq loses 0.36% to 5.243 pts. The S & amp; P500 flexes from 0.27% to 2.184 pts. On the Nymex, a barrel of crude remains strong at approximately $ 46.5 (1.7%) …
According to the government of the day compared to the USA, housing starts for the month of July 2016 were established at a rate of 1.21 million units against 1.18 million and 1.19 million consensus a month before. Building permits came out at a rate of 1.15 million units against 1.16 million and 1.15 million consensus in June 2016.
The consumer price index to States STATES for the month of July 2016 stood stable compared to the previous month, in line with consensus (+ 0.8% compared to July 2015). Off food and energy CPI rose 0.1% from the previous month, against 0.2% consensus. He climbs 2.2% compared to last year.
According to the Fed on Tuesday, US industrial production in July 2016 increased 0.7% compared to the previous month, against 0.3% consensus. Manufacturing output rose 0.5% against 0.2% consensus. The capacity utilization rate stood at 75.9%, against 75.5% consensus.
VALUES OF THE DAY
Apple (stable). The firm Berkshire Hathaway of billionaire investor Warren Buffett has increased its stake in the group with apple, also selling securities on the Wal-Mart . Regarding Apple, Berkshire increased its share to more than 15 million shares, according to the last statement. The company has purchased approximately 5.4 million additional shares Apple in the second quarter.
Berkshire initially unveiled a participation in the capital in May Apple. For cons, the company Buffett has reduced by almost 30% position on Wal-Mart, to just over 40 million pieces.
Kraft Heinz (stable) remains the leading position of Berkshire and represents over 20% of the portfolio. Berkshire Hathaway also reduced its holdings of Suncor Deere or during the second quarter. The firm of Buffett finally broadly retained its positions in American Express, IBM, Coca-Cola and Wells Fargo.
Apple also put on the Chinese market. The California group will increase its investment in the country and build its first research and development. Tim Cook said the center would be built by the end of the year, reports Reuters, citing a Chinese state agency. This commitment comes after the Chinese regulator had said in May that he hoped Apple deepen its cooperation with the countries in research and development, and emphasized the security of information. The firm Apple has seen its sales fall by a third in China in the second quarter, but Apple relies on this market as evidenced by this information.
Home Depot ( stable), the leading distributor of furniture products, reported revenues of $ 26.5 billion for the second fiscal quarter 2016, up 6.6% compared to the second quarter 2015. sales for comparable the second quarter 2016 increased 4.7%, while the comparable performance to the USA came out positive 5.4%. Net income for the second quarter 2016 amounted to $ 2.4 billion and $ 1.97 per share, against $ 2.2 billion and $ 1.73 per share a year ago. Diluted earnings per share increased 14% yoy.
The Group reaffirms its sales estimates for the year 2016, and expects revenue growth of about 6.3% and an increase comparable to 4.9%. Home Depot raises its EPS expectations diluted for the year and now expects diluted earnings per share increase of approximately 15.6% compared to the level of fiscal 2015 to $ 6.31.
Coty (-6%) announced its financial results for the fourth quarter of financial year ending 30 June 2016. quarterly revenues came out to $ 1.08 billion, up 6% on a consolidated basis and by 1% decline in organic. The net loss was $ 31 million, against a net profit of $ 21 million a year earlier, while adjusted net income stood at $ 45.7 million, an increase of 6% compared to a level of 43 $ 1 million in the fourth quarter of last year
According to Bart Becht, chairman and interim CEO. “the 2016 financial year showed continued progress as part of our strategy of building a . healthier and improved activity to support this strategy, we are actively preparing for the merger ‘transforming’ with P & activities;. G Beauty Brands “
Monsanto (+ 1%). The series Monsanto / Bayer could move up a gear. Whereas the German group saw its two friendly proposals rejected by the American giant, the company Leverkusen could decide to launch a hostile bid for its target if it came again to repel his advances. “The talks are entering a decisive phase,” the German newspaper Handelsblatt.
Bayer could thus apply directly to the shareholders of Monsanto although he would prefer always find common ground with management Monsanto. If forced passage, Bayer should probably raise its offer again. The latest, up to $ 125 per title Monsanto, was deemed insufficient by the direction of the US group.
AIG (stable) signed the transfer agreement its subsidiary United Guaranty Corporation to Arch Capital for $ 3.4 billion. UGC is the US leader in mortgage insurance. AIG has received $ 2.2 billion in cash, $ 250 million of perpetual preferred new shares and $ 975 million new convertible non-voting stock. The transaction is subject to clearance from regulatory authorities.
Dick’s Sporting Goods (+ 7%) jumped on Wall Street. The sports products retailer announced profits and higher income expectations. The retailer also boosted its forecast. Quarterly net income stood at $ 91 million and 82 cents per share, stable year on year, against 69 cents consensus. Revenues totaled $ 1.97 billion in the period, against $ 1.82 billion a year earlier and $ 1.88 billion consensus. The comparable growth reached 2.8%, while the consensus was that of a decline.
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