Nordstrom Inc (JWN) added $1.52 to $47.61 despite mall-store layoffs, as the apparel retailer reported 8% higher fourth-quarter online sales from a year ago.
S&P 500 businesses held more than $1.5 trillion in cash in third quarter 2016, up 7.6% from a year earlier. Business consolidation is seen strong in Internet, tech-enabled services, financial technology, and healthcare IT sectors.
The computing industry is looking to the consumer technology summit Asia pending on June 7–9 in Shanghai, China. The consumer electronics expo is held in Beijing, China on July 8–10, 2017. The international consumer electronics expo is on July 13–15 in Chengdu, China.
The annual conference of international leadership is held on October 12–15 in Brussels, Belgium. The international youth leadership conference is held in Kuala Lumpur, Malaysia on April 23–28. The digital financial world event is held on March 1–2 in Frankfurt, Germany.
Double-digit stock market gains have recently come from 3D Systems Corp (DDD), Acadia Pharmaceuticals Inc (ACAD), and Priceline Group Inc (PCLN) since early January. The three companies will report financial results next week.
Select emerging stock markets are performing better than the average wiping out losses from 2010 to early 2016. So far this year the Dow Jones is up 5% in comparison to 9.80% return from the MSCI Emerging Markets Index.
Larger cash assets at Genesis Healthcare Inc (GEN) lifted net income in fourth quarter to $41.31 million compared to loss of $312,640 in prior-year quarter.
In UK Microsoft Corp (MSFT) is raising prices of products and services in view of weaker British pound after the country voted to leave the European Union.
HSBC Holdings Plc (HSBC) eased 78 cents to $40.80 in pre-market after the British bank said fourth-quarter net loss widened on lower revenue and write-downs.
Layoffs in the computer sector were up 7% last year, and the trend may continue. Intel Corp (INTL) laid off 12,000 employees or 11% its workforce. Meanwhile Amazon.com Inc (AMZN) is adding three new British warehouses: based in Tilbury, Doncaster and Daventry.
Air Methods Corp (AIRM) jumped 2.65% to $38.70 after the medical helicopter company nominated four candidates to its board of directors, in favor of seeking merger opportunities.
Marathon Oil Corp (MRO) eased 11 cents to $16.30 after the fuel producer forecast higher production available for sale.
The S&P 500 index is twice higher than levels in 2000 and even 2008, factually meaning that companies attract more investor attention thanks to improved quality of earnings, consumer confidence in oil prices and multi-currency deals.