US stocks: slightly wavy indices, on Tiffany and Guess shields. HP badly – La Stampa

US stocks: slightly wavy indices, on Tiffany and Guess shields. Male HP

          

On the eve of the meeting in Jackson Hole the New York Stock Exchange moves around the parity. Dow Jones and S & amp; P 500 yield 0.02% while the Nasdaq Composite slipped 0.03%.
From the speech of the number one of the Federal Reserve, Janet Yellen, expect an indication of upcoming policy moves.
for Esther George, president of the Kansas City Fed, there are the conditions for a gradual increase in rates.
The new applications for unemployment benefits in the week ending August 19 totaled 261,000 units, below expectations (265,000) and the figure reported the previous week (262,000). The total number of people requesting unemployment benefits stood at 2.145 million, 2.153 million less than expected.
In July, orders for durable goods showed an increase of 4.4% MoM after a decline of 3.9% recorded in June, revised from -4%. The “core” index increased by 1.5% on a monthly basis, from -0.4% in the previous survey. Orders excluding means for the defense were up 3.8% on a monthly basis.
Markit Economics reported that the PMI index of services in August and ‘decreased to 50.9 points from 51.4 points July, staying just above the level of no change (50 points) which separates from an expansion in a situation of contraction of activities. Today’s reading confirms therefore a further slowdown in growth of service industries.

On the corporate front HP Inc. -4%. The PC maker and printer closed the third quarter with an adjusted earnings per share of $ 0.48 on revenues of 11.89 billion. The company expected an EPS of $ 0.44 on revenues of 11.46 billion. For the current quarter, HP estimates adjusted earnings per share of between 0.34 and 0.37 US dollars, lower than the 41 cents consensus indicated by FactSet.
Guess + 22%. The clothing group announced a higher than expected quarterly. Second-quarter profit rose to 32.3 million from 18.3 million a year earlier. On an adjusted basis Eps it came in at $ 0.14. Analysts had expected an EPS of $ 0.06.
Tiffany & amp; Co. + 6%. The luxury group closed the second quarter with earnings per share increased to $ 0.84 from a surprise $ 0.81 a year earlier and compared to 72 cents set by consensus. Revenues fell to 931.6 million from 990.5 million (933 million consensus). sales at constant decreased by 8% against the -7.8% expected by analysts.
Dollar General -12%. The discount retailer announced a quarterly below expectations. In the second quarter, earnings per share stood at $ 1.08 on revenues of 5.39 billion. Analysts had expected an EPS of $ 1.09 on revenues of 5.50000000000. sales worse than expected even on a comparable basis, increased by 0.7% against + 2.7% indicated by the consensus.

(RV)