“Cyclical stocks are moving out of favour.”
Analysts expected a hike of 14 cents per share in Twitter’s Q3 earnings, but Twitter upped that to 21 cents per share. Refinitv ran a speculative survey that proposed revenues of $702.6 million but again, Twitter overreached, coming in at $758 million. Twitter’s user base is well below Facebook, but the platform is taking measures to enhance active use. It was thought user numbers for Q3 would hit 330.1 million, but they fell behind at 326 million.
While it’s all well and good to set lofty goals, it’s the (seemingly) small and positive habits that we adhere to on a daily basis that will give us the best chance of success in the long run.
Microsoft (MSFT) is making serious efforts to enter the world of “cloud computing,” the business of large companies using third-party servers and software instead of running their own data centers. It’s a broad shift that’s been occurring in the world of tech for most of the decade.
Airlines are one of the best-performing groups recently, according to TradeStation’s uber-useful
RadarScreen app. They’ve risen 3 percent in the last week and 6 percent in the last month, while the broader S&P 500 is down over both those time frames.
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