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BlackRock , Netflix , Goldman Sachs, Brexit, AT&T – PRE-MARKET

Monday, July 17, 2017 5:41
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As futures point to a higher start on Wall Street after finishing  strongly Friday, traders will be eying some big names reporting numbers this week.

Asset management behemoth BlackRock Inc (NYSE:BLK) is in focus early doors, after it posted second-quarter earnings and revenue that missed expectations, sending shares lower in pre-market.

The stock is currently down 0.81% at the time of writing.

Earnings per share (EPS) for the three months was $5.24 versus $5.40, which was expected by analysts, while revenue was $2.965bn, against expectations of $3.019bn

But the group’s second-quarter assets under management rose 16% year-on-year to $5.689 trillion, which topped analyst expectations.

Today, also sees results from streaming giant Netflix Inc (NASDAQ:NFLX) after the close, which are sure to be very closely scrutinised, and make the start of tech earnings season.

Wall Street sell-siders are expecting the group to report earnings of $0.16 per share on revenues of $2.76bn for the three months to end June.

Shares are nudging 1.10% higher in  pre-market.

Also this week,  big  banks are expected to roll into view with quarterly earnings from heavyweights Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS), which will be sure to put the spotlight on the American economy.

Continued Brexit negotiations are also likely to never be far from headlines as the UK begins the second round of talks with the EU.

Elsewhere today, J B Hunt Transport Services Inc (NYSE: JBHT) shares are down 1.86% as the trucking titan is due to report its quarterly earnings before the bell.

AT&T Inc (NYSE:T) shares are 0.41% higher in pre-market after it emerged on Friday that the telecoms conglomerate will reportedly run its wireless and DirecTV satellite television businesses separately from Time Warner’s media assets following the $85.4bn acquisition of the entertainment group.

The purchase of Time Warner gives AT&T control of highly popular cable TV channels HBO and CNN, and famous film studio Warner Bros.

Story by ProactiveInvestors


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