Financial Review

Jan 29, 2019 – Links

Jan 29, 2019 – Links

What we are reading:

Apple reports earnings today, after the closing bell. Bespoke studied three FANG-related stocks reporting earnings this week, and it found Apple has a strong record of beating earnings per share estimates — 88 percent of the time — and its stock averaged a 1.2 percent gain on the day its stock reacted to its report. If history is a guide, there’s a very good chance Apple’s earnings will be better than expected, but the stock may not perform all that well. Facebook FB has the best track record, with a 96 percent earnings beat rate and the best post-earnings stock performance. Amazon.com, AMZN which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time.

Justice Dept. charges Huawei with fraud, ratcheting up U.S.-China tensions – Washington Post.

Bankrupted by deadly wildfires, PG&E vows to keep the lights on – Reuters. Is this the first major corporate bankruptcy caused by climate change?

A nation with two presidents: How a political crisis has unfolded in Venezuela – Los Angeles Times.

U.S. sanctions on Venezuelan oil reverberate globally – Reuters.

‘5,000 troops’: Photo of John Bolton’s notes raises questions about U.S. military role in Venezuela crisis – Washington Post. What is the plan here?

US consumers rattled by shutdown, roiling markets – CNBC. An isolated reading or more systemic?

Recession odds spike to their highest in three years: CNBC survey – CNBC.

Scientists Say They’ll Have Cancer Cure in Next Year – US News & World Report. Let’s hope for the best.

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