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AMX
Comcast America Movil Jointly Bid For Mexico Football Right
Comcast Corp NASDAQ CMCSA and Mexican telecom behemoth America Movil SAB NYSE AMX have submitted joint bids to the Mexican Football Federation for rights to telecast the men s and women s Mexico national team over the next two World Cup cycles in the United States and rest of the world excluding Mexico The p...
AMX
Why America Movil AMX Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and America Movil S A B de C V NYSE AMX may be one such company The firm has earnings coming up pretty soon and events are shaping up quite nicely for their report That is because America Movil is seeing favorable earnings estim...
AMX
Foreign Stock Roundup Novartis Bayer Glaxo Total Beat On Earnings
The ECB s policy announcement and tensions in Catalonia were the major events dominating the European landscape last week However investors chose to focus on earnings numbers on several occasions though the ECB s dovish stance gladdened them Japan s markets received a boost after prime minister Abe s ruling coalitio...
AMX
Mexico s 2 5 GHZ Wireless Spectrum Auction In Q1
Mexico s telecom regulatory authority the Federal Telecommunications Institute IFT recently confirmed that it will start the auction process of the 2 5 GHz 2500 2690 MHz wireless frequency band before March 2018 The auction process was deferred thrice due to the bidding schedule for 4G LTE shared wireless network...
AMX
Mexico stocks lower at close of trade IPC down 1 16
Investing com Mexico stocks were lower after the close on Wednesday as losses in the Healthcare Financial Services and Materials sectors led shares lower At the close in Mexico the IPC lost 1 16 The best performers of the session on the IPC were Grupo Aeroportuario Del Pacifico MX GAPB which rose 1 56 or 1 ...
AMX
Mexico stocks lower at close of trade IPC down 0 07
Investing com Mexico stocks were lower after the close on Wednesday as losses in the Healthcare Consumer Goods Services and Materials sectors led shares lower At the close in Mexico the IPC declined 0 07 The best performers of the session on the IPC were Grupo Financiero Inbursa SAB De CV MX GFINBURO wh...
AMX
America Movil to invest 6 billion in next three years still studying asset sale
MEXICO CITY Reuters Mexican telecoms giant America Movil which is controlled by billionaire Carlos Slim will invest 6 billion over the next three years Chief Executive Officer Daniel Hajj said on Thursday America Movil was still looking at how to sell some assets but was in no rush said Hajj at an event in Me...
AMX
Mexico stocks lower at close of trade IPC down 0 37
Investing com Mexico stocks were lower after the close on Tuesday as losses in the Consumer Goods Services Telecoms Services and Financial Services sectors led shares lower At the close in Mexico the IPC lost 0 37 The best performers of the session on the IPC were Mexichem S A B De C V MX MEXCHEM whic...
AMX
Mexico stocks higher at close of trade IPC up 0 86
Investing com Mexico stocks were higher after the close on Friday as gains in the Telecoms Services Materials and Consumer Staples sectors led shares higher At the close in Mexico the IPC rose 0 86 The best performers of the session on the IPC were Grupo Carso S A B De C V MX GCARSOA1 which rose 3 99 or ...
MS
Morgan Stanley Cuts Global Growth Outlook Even Amid Trade Truce
Bloomberg Morgan Stanley NYSE MS lowered its growth forecast for the global economy despite U S President Donald Trump and his Chinese counterpart Xi Jinping agreeing over the weekend to resume trade talks Economists led by Chetan Ahya said the truce wasn t enough to remove the uncertainty around trade polic...
MS
Saudi Aramco to Restart Preparations for Mega IPO
Bloomberg Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco months after putting the planned listing on hold people familiar with the matter said Aramco the world s most profitable company recently held talks with a select group of investment banks to discuss ...
MS
Gaming Industry Outlook Macau Volatility Continues To Hurt
The Zacks industry includes companies which primarily own and operate integrated casino hotel and entertainment resorts Some of the companies in the industry also deliver technology products as well as services across lotteries electronic gaming machines sports betting and interactive gaming Let s take a look at ...
MS
USD Repatriation No Brexit Clarity
The US Dollar has been the absolute dominator attracting the most buying flows in the currency market in the last 24h Amid the absence of fundamental drivers this week to understand what s been the catalyst of its ascendancy this week we need to resort to the information I am getting from various institutional sour...
AMX
Mexico To Issue Tender For Nationwide Trunking Services
Mexico s telecom regulatory authority the Federal Telecommunications Institute IFT has launched a call for expressions of interest in a total of 21 blocks of wireless frequencies for trunking services across the country The frequencies will be within the spectrum band of 400 450 MHz Of the 21 blocks three are re...
AMX
Here s Why Investors Should Buy America Movil AMX Stock
On Sep 14 we issued an updated research report on Mexican telecom behemoth America Movil SAB NYSE AMX The price performance of the company has been encouraging for the last six months The stock price increased 38 8 compared with the s gain of 3 7 over the same time period This Zacks Rank 2 Buy compa...
AMX
America Movil Faces Objections For 2 5 GHz Airwave Auction
Mexican telecom behemoth America Movil SAB NYSE AMX is aggressively being resisted by its rivals from taking part in the upcoming 2 5 GHz wireless spectrum auction in the country Last month Mexico s telecom regulatory authority the Federal Telecommunications Institute IFT had started public consultations for t...
AMX
AT T to buy NII Holdings wireless business in Mexico
By Supantha Mukherjee and Liana B Baker Reuters AT T Inc N T said on Monday it would buy bankrupt NII Holdings Inc s PK NIHDQ wireless business in Mexico for 1 875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No 1 America Movil MX AMXL NII ...
AMX
Mexico stocks lower at close of trade
Investing com Mexico stocks were lower after the close on Wednesday as losses in the Industrials Health Care and Consumer Goods Services sectors led shares lower At the close in Mexico the IPC fell 1 65 The best performers of the session on the IPC were Grupo Bimbo S A B De C V MX BIMBOA which rose 2 24...
AMX
Carlos Slim bank unit pledges America Movil stock for new loans
MEXICO CITY Reuters A subsidiary of Mexican billionaire Carlos Slim s Grupo Financiero Inbursa MX GFINBURO bank has entered two loan agreements for nearly 700 million pledging America Movil stock as collateral according to a filing published on Thursday The unit Control Empresariales de Capitales agreed ...
AMX
Mexico stocks lower at close of trade IPC down 0 06
Investing com Mexico stocks were lower after the close on Wednesday as losses in the Consumer Goods Services Healthcare and Financial Services sectors led shares lower At the close in Mexico the IPC declined 0 06 to hit a new 3 months low The best performers of the session on the IPC were PINFRA SAB De CV MX...
AMX
AT T to invest 3 billion to boost Mexico mobile network
MEXICO CITY Reuters AT T Inc N T plans to invest around 3 billion in its high speed mobile Internet network in Mexico the company said on Thursday AT T which owns Mexico s No 3 and No 4 wireless carriers Iusacell and Nextel said in a statement it expects to cover 40 million people about one third of the p...
MS
Flows into Asian money market funds jump on trade growth worries
By Patturaja Murugaboopathy and Gaurav Dogra Reuters More money is flowing into safer assets such as money markets and bonds in Asia data shows as investors worry over slowing global growth trade frictions and easier monetary policies Data from Refinitiv Lipper showed investors bought 30 billion of Asian money...
MS
UBS Seeks to Defuse Chinese Pig Outcry in Regulator Meetings
Bloomberg UBS Group AG is taking steps to ensure its head start over competitors in China isn t jeopardized by controversial comments by a senior economist that already cost the firm at least one bond deal In meetings with Chinese regulators this week senior Asia based executives said that economist Paul Donovan...
MS
Italy pushing telecoms merger to break broadband logjam sources
By Elvira Pollina Stefano Bernabei and Stephen Jewkes MILAN ROME Reuters Italy s sovereign wealth fund is maneuvering to pull off a multibillion euro telecoms merger and end a prolonged corporate stalemate that has held up Rome s plans to create a national broadband network sources say Cassa Depositi e Prestiti ...
MS
Australia central bank seen cutting rates to 0 75 this year
By Swati Pandey SYDNEY Reuters Australia s central bank is widely expected to cut its benchmark cash rate two more times this year to an unprecedented 0 75 in a bid to boost growth and inflation Nearly 70 of 40 economists surveyed this week including those from the country s biggest banks expect the Reserve Ba...
MS
Weakening Thai Economy Suggests Trouble for Asia s Top Assets
Bloomberg June is shaping up to be one of the best months for investors in Thailand as the nation s currency bonds and stocks outperform in Asia but the market rally now faces formidable economic and political risks Thailand s markets have been boosted by almost 4 billion of foreign inflows this month as the c...
MS
Is The U S Growth Slowdown Stabilizing
Bloomberg reports that there are reasons to expect the current slowdown in the global economy will prove short lived The same analysis may also apply for the US economy according to The Capital Spectator s business cycle analytics Let s start with considering the global macro trend According to Bloomberg Bloo...
MS
Can EQM Midstream Gain From 1B Pipeline Asset Purchase
EQM Midstream Partners LP NYSE EQM announced its decision to purchase controlling stakes in two key pipelines that are connecting major natural gas producing shale plays like Utica and Marcellus The TransactionFor the transaction with Morgan Stanley NYSE MS Infrastructure Partners EQM Midstream is willing to pa...
MS
Morgan Stanley MS Inks Deal With FinTech Firm ICapital
Morgan Stanley NYSE MS recently entered into an agreement with iCapital a financial technology firm FinTech platform According to the agreement iCapital will become the exclusive feeder fund service provider for the wealth management alternative investments group of Morgan Stanley Morgan Stanley has transfer...
MS
The Daily Fix A Focus On Implied Volatility In The Week Ahead
In G10 FX this week the focus falls on the GBP USD and EUR with the fundamental drivers being the Third Brexit vote the March FOMC meeting and European PMI I explore the expected moves on the week in major currency pairs which are derived from implied volatility This expected move is a reflection of traders r...
MS
Opt For Responsible Investment With These 3 Mutual Funds
Socially responsible investment is much in vogue now given the influx of millennials seeking to incorporate sustainable investment and value in their portfolio In fact 86 of young investors are interested in responsible investing according to a 2017 Morgan Stanley NYSE MS Awareness about social issues has grow...
MS
Will Recessionary Pressures Stop The Fed Put From Working
Ever since the 1980s when Alan Greenspan was Federal Reserve chairman investors have accepted the idea that the Fed acts to increase market liquidity during significant market downturns NY Fed president John Williams recently announced that If economic conditions dictate a policy change to lower rates to zero or e...
AMX
Why Should You Dump America Movil AMX From Your Portfolio
On Jul 18 2017 Mexican telecom behemoth America Movil SAB NYSE AMX was downgraded to Zacks Rank 5 Strong Sell The company follows an aggressive promotional strategy which includes discounts and subsidized offers to increase its smartphone sales figures which is driving down margins The expansion of low ma...
AMX
Will Telefonica Brasil VIV Disappoint In Q2 Earnings
Brazilian telecom carrier Telefonica MC TEF Brasil SA NYSE VIV is expected to report second quarter 2017 financial numbers on Jul 26 before market opens Last quarter the company posted a negative earnings surprise of 5 00 Moreover earnings failed to surpass the Zacks Consensus Estimate in three of the last...
AMX
Here s Why Investors Should Hold America Movil Amid Risks
On Aug 14 Mexican telecom behemoth America Movil SAB NYSE AMX was upgraded to Zacks Rank 3 Hold The price performance of the company has been encouraging for the last six months While the stock price increased 37 8 the gained 7 3 over the same time period In fact America Movil has been systematically ...
AMX
AT T T Launches Primetime Offers Unlimited Entertainment
U S telecom behemoth AT T Inc NYSE T has unveiled its own Android tablet Primetime thus expanding its product portfolio Notably the company s exclusive tablet s key feature is TV Mode which allows the customer to access their favorite pre installed video apps like DIRECTV and DirecTV Now in a touch or swi...
AMX
AT T Unveils G fast Expands High Speed Broadband Services
U S telecom behemoth AT T Inc NYSE T has initiated the deployment of G fast based services which is in line with its efforts to expand its high speed broadband services In fact after a recent successful completion of field trial of G fast in Minneapolis the company has commenced the roll out of the service in ...
AMX
America Movil AMX Inks Roaming Deal With AT T In Mexico
Mexican telecom behemoth America Movil SAB s NYSE AMX wireless wing Telcel recently entered into a wireless roaming agreement with AT T Inc NYSE T for its Mexican users Notably Telcel is the undisputed leader in the Mexican wireless market with almost 68 of the market share In 2015 the United States telec...
AMX
Telecom Italia to go ahead with bid for Vivendi s GVT
By Stefano Rebaudo Stephen Jewkes and Pamela Barbaglia MILAN Reuters Telecom Italia MI TLIT will make a bid valued at roughly 7 billion euros 9 2 billion for Vivendi s Brazilian broadband unit GVT PA VIV which would leave Vivendi with a 15 to 20 percent stake in the Italian group said four people familiar...
AMX
Brazil telecom battle heats up as Oi tries to buy split TIM
By Luciana Bruno and Leila Abboud RIO DE JANEIRO PARIS Reuters Brazil s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia s local mobile unit in a move sources said was aimed at breaking up the country s second biggest wireless carrier and upstaging merger bids by foreign rivals Oi said on Wed...
AMX
Telefonica prevails in battle for Vivendi s Brazil unit GVT
By Leila Abboud PARIS Reuters French media company Vivendi PA VIV picked Telefonica MC TEF for exclusive talks over the sale of its Brazilian broadband unit GVT spurning a rival bid from Telecom Italia MI TLIT Telefonica will fold GVT into its Brazilian mobile phone carrier Vivo SA VIVT3 to create the c...
AMX
Downsized Nextel operator is not giving up the fight in Brazil
By Brad Haynes and Guillermo Parra Bernal SAO PAULO Reuters Nextel operator NII Holdings Inc O NIHD is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations To pull off a turnaround in Bra...
AMX
Oi America Movil Telefonica to bid for TIM sources say
By Guillermo Parra Bernal and Danilo Masoni SAO PAULO MILAN Reuters Brazil s Grupo Oi SA Mexico s America Movil SAB and Spain s Telefonica SA agreed to place a joint bid worth around 32 billion reais 13 billion for TIM Participa es SA SA TIMP3 two sources with direct knowledge of the matter said on Friday ...
AMX
KPN s America Movil board member sells part of KPN stake
BRUSSELS Reuters The Chief Financial Officer of Mexico s America Movil MX AMXL has reduced his personal stake in Dutch telecoms group KPN AS KPN of which he is a supervisory board member by more than a quarter regulatory filings showed on Saturday Carlos Garcia Moreno Elizondo one of two America Movil memb...
AMX
AT T s Mexico deal a cheap foothold outside saturated U S market
By Marina Lopes and Christine Murray WASHINGTON MEXICO CITY Reuters AT T s 1 7 billion agreement to buy Iusacell Mexico s No 3 cellular operator puts it in the unfamiliar position of market underdog owning an asset that may require billions in investment to catch up to the market s two larger players But anal...
AMX
Telecoms group Altice set to buy Oi s Portugal operations
By Leila Abboud and Guillermo Parra Bernal PARIS SAO PAULO Reuters Telecoms group Altice SA AS ATCE has agreed to buy the Portuguese operations of Brazil s Grupo Oi SA OIBR3 for about 7 4 billion euros 9 2 billion in what will be its third large acquisition this year Franco Israeli billionaire entreprene...
AMX
Uber signs Latin America tie up with Slim s America Movil
MEXICO CITY Reuters Uber Inc has signed a deal with billionaire Carlos Slim s America Movil to bring its app which allows users to summon a car on their smartphones to new customers in Latin America in a move it says could be a model for other regions Starting on Tuesday the Uber app will be promoted on millio...
MS
The Goldilocks Era May Be Soon Be Over for Europe s Star Economy
Bloomberg Boasting the surging growth of an emerging economy alongside inflation more akin to a developed market Poland has for years been the envy of Europe That Goldilocks combination however won t be around much longer The shift driven by resurgent consumer prices marks the end of an era for the only E...
MS
Sotheby s snapped up by French tycoon Drahi for 3 7 billion
By Sudip Kar Gupta Svea Herbst Bayliss and Mathieu Rosemain PARIS BOSTON Reuters Franco Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby s in a deal worth 3 7 billion marking the art auction house s return to private ownership after 31 years The acquisition allo...
MS
UBS Can Ride Out the Pig Controversy
Bloomberg Opinion Expect Pig gate to blow over UBS Group AG s ultra rich Chinese clients are unlikely to desert the Swiss bank for local rivals whatever the level of outrage over language used by its chief economist in a research report last week The bank s potential loss of Chinese share sale mandates isn t ...
MS
Japan exports slide for 6th month as trade troubles knock demand weaken outlook
By Tetsushi Kajimoto and Daniel Leussink TOKYO Reuters Japan s exports fell for a sixth straight month in May as China bound shipments of semiconductor manufacturing equipment and car parts weakened in a sign of a deteriorating outlook for growth as the trade reliant economy faces persistent pressure from slowing ...
MS
Is 1 280 The New Floor For Gold
With little fanfare gold is staging a nice consolidation in the 1280 1350 price zone A breakout from this 70 trading range would usher in a fresh target of 1400 and perhaps 1420 Note the superb position of the 14 7 7 series Stochastics oscillator at the bottom of the chart Its great positioning is just one of...
MS
Will The Fed Put Work On The Next Go Around
The Federal Reserve s 180 degree turn has worked swimmingly for borrowers and risk takers alike The 10 year yield has dropped from 3 24 to 2 62 That may encourage households and businesses to lever up with more debt Meanwhile stocks are surging upward reaching for the record heights experienced during the Sept...
AMX
Here s Why You Should Hold Onto Telefonica Brasil SA VIV
On Jun 2 2017 Brazilian telecom carrier Telefonica MC TEF Brasil SA NYSE VIV was downgraded by a notch to Zacks Rank 3 Hold You can see The price performance of Telefonica Brasil was depressing for the last three months The stock witnessed a loss of 2 51 while the Zacks categorized industry gained 5 48 ...
AMX
Why Should Investors Dump Level 3 Communications Stock
On Jul 5 2017 Level 3 Communications Inc NYSE T was downgraded to Zacks Rank 4 Sell from Zacks Rank 3 Hold You can see Shares of Level 3 Communications have underperformed the Zacks categorized industry s gain over the past six months The stock price inched up 0 9 but failed to beat the industry s g...
AMX
Here s Why You Should Add Telefonica TEF To Your Portfolio
On Jul 10 Spanish telecom giant Telefonica MC TEF S A NYSE T was upgraded by a notch to a Zacks Rank 2 Buy You can see We believe that the upgrade came on the back of Telefonica s business strategies which included the launch of video services in several Latin American markets widespread adoption of broa...
AMX
What s In Store For America Movil AMX In Q2 Earnings
Mexican telecom behemoth America Movil SAB NYSE AMX is slated to report second quarter 2017 results after market close on Jul 18 Last quarter America Movil delivered a positive earnings surprise of 65 62 However the company s earnings lagged the Zacks Consensus Estimate in three of the previous four quarter...
AMX
SCENARIOS Alternative tie ups if MTN Bharti exclusivity ends
By Georgina Prodhan LONDON Sept 29 Reuters A proposed 24 billion tie up between telecoms groups MTN and Bharti Airtel faces more regulatory uncertainty as a self imposed deadline for the exclusivity of talks between the groups expires on Sept 30 Last week India s market regulator unexpectedly altered the cou...
AMX
EMERGING MARKETS Latam stocks hit 3 month high on US jobs data
U S payroll data spurs optimism about recovery Industrial output in Brazil higher than expected Brazil Bovespa up 0 99 pct Mexico IPC up 0 89 pct Updates to close By Michael O Boyle and Lorena Segura MEXICO CITY April 1 Reuters Latin American stocks rose to their highest level since the start of the...
AMX
EMERGING MARKETS Latam stocks mixed as technicals downbeat
JPMorgan Chase earnings lift sentiment Technicals for local indexes suggest uncertainty ahead Brazil s Bovespa sideways Mexico s IPC up 0 41 pct By Luciana Lopez and Silvio Cascione SAO PAULO April 13 Reuters Latin American stocks traded mixed on Wednesday as a boost to investor confidence from JPMorgan...
AMX
EMERGING MARKETS Latam stocks tumble in biggest drop since Oct
S P cuts U S outlook China reserve requirements up Brazil s OGX plummets 17 3 pct on crude reserves doubts Brazil s Bovespa off 1 9 pct Mexico s IPC off 1 77 pct Adds comments and closing prices MEXICO CITY SAO PAULO April 18 Reuters Latin American stocks slumped on Monday as tighter Chinese lending...
AMX
European stocks lower as debt concerns persist DAX down 0 84
Investing com European stock markets were lower on Tuesday as concerns over the debt crisis in the euro zone persisted after weekend elections in Greece and France sparked fears that recent austerity plans will be abandoned During European morning trade the EURO STOXX 50 dropped 0 86 and Germany s DAX 30 fell 0 84...
AMX
Am rica M vil Ponders Its Post AT T Future
By MEXICO CITY As consumers government regulators and Wall Street grapple with the proposed megadeal between AT T Inc NYSE T and DirecTV NASDAQ DTV AT T s longtime partner in Latin America is trying to make sense of a future without the U S based telecom giant America Movil MX AMXL Latin America s large...
MS
What to Watch at the G 20 Finance Meetings This Weekend
Bloomberg Central banks are coming to the rescue and the trade war is topic number one Those are among the early themes emerging from talks as finance and central banking chiefs from the Group of 20 gather this weekend in Fukuoka Japan Central banks are heroes Angel Gurria secretary general of the Organisat...
MS
Take Five Enter the dragon
Reuters CROUCHING DRAGON There s plenty of life left in the Chinese dragon but after roaring for three decades it s certainly lost some of its puff Markets are primed for exports from the world s second largest economy to show weakness and for investment and lending data to show Beijing s stimulus efforts in the ...
MS
European shares up on China stimulus post holiday surge for Frankfurt
By Amy Caren Daniel and Agamoni Ghosh Reuters A surge for Frankfurt s DAX drove European stock markets higher on Tuesday as German and Swiss investors returned from a holiday extended weekend and signs of more government stimulus in China bolstered commodities markets Optimism over President Donald Trump s decisio...
MS
Berlin startup Adjust raises 227 million in bet on mobile ad growth
By Douglas Busvine FRANKFURT Reuters Adjust a Berlin startup specializing in audience measurement and fraud prevention in mobile advertising said on Wednesday it had raised 227 million to invest in expanding its platform and growing in new markets The funding round Germany s second largest this year after Berl...
MS
Morgan Stanley wants majority stake in Chinese joint venture CEO
By Allison Lampert MONTREAL Reuters Morgan Stanley NYSE MS wants to obtain majority ownership of a joint venture in China but regulators there have not signed off on the idea Chief Executive Officer James Gorman said on Wednesday Morgan Stanley the sixth largest U S bank by assets has a mutual funds joint...
MS
ETF Watch Considering China
China stocks surged Monday following Trump s announcement that he will be delaying US tariffs on China Prospects for a trade agreement between China and the US are now looking very good It is evident that both sides need a positive resolution and are willing to compromise Last year China s stock markets experienced...
MS
One Year Of Trade Spat 5 ETF Winners
Trade war tensions have been the biggest worry for the global stock market in recent times It all started last March On Mar 1 2018 President Donald Trump announced his plan to impose a 25 tariff on steel and a 10 tariff on aluminum imports Then the move against China was at fever pitch over the course of the ye...
MS
Revealed The One CEF Picking Strategy I Use Every Day
Today I m going to peer into my crystal ball and give you the scoop on where high yield closed end funds CEFs might be headed in 2019 Then I ll give you a proven way to zero in on the ones that are the best bargains for your portfolio now CEFs Come Out Flying First if you own stocks through CEFs you re already ou...
AMX
America Movil To Offer Mobile Roaming To Telefonica Mexico
Mexican telecom behemoth America Movil SAB NYSE AMX has entered into an agreement with its closest rival Telefonica MC TEF SA NYSE T to offer nationwide mobile roaming service to the latter Notably America Movil currently commands more than 66 share of Mexico s wireless market while Telefonica comes second...
AMX
Mexico s Telecommunications Industry s Bull Run Continues
According to a recent report by The Competitive Intelligence Unit CIU Mexico s telecom sector witnessed 10 9 growth in revenues year over year in 2016 This growth rate is highest among all other sectors of the economy Remarkably the telecom sector s growth rate is more than four times higher than the 2 3 overal...
AMX
Can Telefonica Brasil VIV Q1 Earnings Pull A Surprise
Brazilian telecom carrier Telefonica MC TEF Brasil SA NYSE VIV a subsidiary of Spanish telecom giant Telefonica SA NYSE T is scheduled to report first quarter 2017 results on May 9 after market closes In the previous quarter the company posted a positive earnings surprise of 15 79 Telefonica Brasil s...
AMX
Will Telefonica TEF Pull A Surprise This Earnings Season
Spanish telecom behemoth Telefonica MC TEF SA NYSE T is scheduled to report first quarter 2017 results on May 11 before the market opens The company delivered an average positive earnings surprise of 75 00 in the trailing four quarters Let s see how things are shaping up for this announcement Factors Likely to ...
AMX
Telefonica Brasil VIV Q1 Earnings Lag Revenues Grow Y Y
Brazilian telecom carrier Telefonica MC TEF Brasil SA NYSE VIV recently reported mixed financial results in the first quarter of 2017 First quarter net income was approximately 316 9 million down 18 2 year over year Earnings per ADR American Depository Receipt were 19 cents a penny shy of the Zacks Consens...
AMX
Telefonica TEF Well Poised On Solid Q1 Debts Prevail
On May 25 2017 we issued a full earnings update research report on Spanish telecom giant Telefonica MC TEF S A NYSE T The company reported strong financial results in the first quarter of 2017 wherein both the top line and bottom line grew year over year Quarterly net income was 779 million approximately...
MS
Growth in China s services sector eases in May on slower export sales Caixin PMI
BEIJING Reuters China s services activity grew at the slowest pace in three months in May hit by a marked cooling in export sales a private survey showed on Wednesday as escalating Sino U S trade tensions weighed on a key industry Beijing is counting on to support a stuttering economy The Caixin Markit servic...
MS
Trade Tremors Deepen Biggest Stock Dislocation in Generation
Bloomberg Growth is so precious in stock markets these days that a millennial stock picker can hardly remember the last time investors were so enamored of it In Europe as in the U S stocks promising high earnings and sales growth have hit a new record high relative to value stocks newly dubbed a widowmaker ...
MS
Sterling to slide on no deal Brexit Reuters Poll
By Jonathan Cable LONDON Reuters Sterling would weaken considerably against both the dollar and euro if Britain left the European Union without a deal according to strategists in a Reuters poll with many saying the pound could reach parity with the common currency The pound had its biggest monthly loss against t...
MS
Oil Prices Down Amid U S Inventories Surge Trade Tension
Investing com Oil remained bearish on Thursday morning in Asia as the U S reported record inventories while demand continues to be threatened by economic slowdown and trade disputes U S Crude Oil WTI Futures were at 51 71 per barrel at 1 25 AM ET 05 25 GMT after dipping to 51 31 earlier on Thursday Brent Oil ...
MS
Oil prices firm above January lows but concerns grow about demand
By Ron Bousso LONDON Reuters Oil prices rose on Thursday after falling to near five month lows in the previous session but sentiment stayed weak due to rising U S supply and a stalling global economy Front month Brent crude futures were at 61 23 a barrel at 1046 GMT up 60 cents or 1 U S West Texas Intermed...
MS
Why Is Morgan Stanley MS Down 1 3 Since Last Earnings Report
A month has gone by since the last earnings report for Morgan Stanley NYSE MS Shares have lost about 1 3 in that time frame underperforming the S P 500 Will the recent negative trend continue leading up to its next earnings release or is Morgan Stanley due for a breakout Before we dive into how investors and an...
MS
The Reluctance To Sell Gold
Twas almost as if listening to oneself on the radio cept that twasn t oneself With that tease let s first roll back to this bit we penned last autumn when writing from across the pond at our favourite beach side bistro You may recall the owner whom we ve know for better than 30 years asked me Which do you...
MS
OPEC s Nemesis Shale Oil Is Back Setting New Production Records
Shale oil is setting new production records threatening the Organization of the Petroleum Exporting Countries with another showdown that could upend the market as U S crude prices cross 55 per barrel To complicate matters Saudi Arabia which dominates OPEC has become so aggressive in cutting production that it s ...
MS
EUR USD Fed Is A Shoulder For USD
The central bank may continue normalizing its monetary policy A split inside the Fed and unexpected information about potential return of the Fed s policy course if the uncertainty settles down provided a temporary support to the EUR USD bears The Federal Reserve is going to finish balance sheet normalization in 2019 ...
AMX
Telefonica Suffers A Major Setback Scraps Telxius IPO
Spanish telecom behemoth Telefonica MC TEF SA NYSE T recently suffered a serious jolt as it was forced to abandon its plan to conduct an IPO initial public offering for its infrastructure division Telxius Just a couple of weeks ago Telefonica had filed an IPO prospectus with the Spanish stock market regulator...
AMX
America Movil AMX Lags Earnings Tops Revenues In Q3
AmericaMovil S A B de C V NYSE AMX reported mixed financial results in third quarter 2016 While the top line improved on a year over year basis the bottom line missed the same Quarterly earnings per ADR American Depository Receipt of 3 cents were below the Zacks Consensus Estimate of 17 cents Total revenue of...
AMX
Telefonica TEF Beats Earnings Revenues Estimates In Q3
Spanish telecom giant Telefonica MC TEF S A NYSE T reported strong financial results in the third quarter of 2016 Quarterly net income increased 38 5 year over year to 983 million approximately 1 097 million Moreover third quarter earnings per ADR American Depository Receipt came in at 21 cents up 75 ...
AMX
Mexico To Complete Switchover Of TV Signals By 2016 End
Mexican telecom regulator Federal Telecommunications Institute IFT recently reaffirmed that the conversion of analog TV signals to digital signals across the nation will be completed by the end of this year The process will come to a conclusive end when a total of 460 low power TV stations will switch off the...
AMX
Mexican Telecom Industry Enjoys Bull Run
In 2014 the government of Mexico initiated major reforms within its telecommunications sector Mexico s telecom regulatory authority the Federal Telecommunications Institute IFT had taken several steps to instil competition in the highly monopolistic industry Those reform initiatives have started bearing the desi...
MS
Global recession fears grow as factory activity shrinks
By Jonathan Cable and Marius Zaharia LONDON HONG KONG Reuters Factory activity contracted across Asia and Europe last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers to roll out more stimulus Such growth indicators are l...
MS
Bonds on fire as flight to safety gathers momentum
By Marc Jones LONDON Reuters A stampede to safety sent benchmark government bond yields tumbling on Monday hoisted the Swiss franc to its highest in nearly two years gold to a 10 week peak and left oil heading for bear market territory After a torrid May that wiped 3 trillion off global equities the worsening ...
MS
China s Plan to Boost Baby Formula Output Hits Foreign Suppliers
Bloomberg A2 Milk Co led declines among infant formula providers in Australia and New Zealand after China unveiled a plan to boost local output and reduce reliance on imports China aims to exceed 60 self sufficiency for baby formula and improve the quality of domestic brands in its 27 billion infant formula in...
MS
Global energy prices pummeled by economic slowdown forecasts
By Henning Gloystein and Susanna Twidale SINGAPORE LONDON Reuters Energy markets are being battered across the board as negative data fuels concerns that consumption of oil natural gas and coal will be hit hard by a global economic slowdown Oil the world s most used fuel has seen prices fall by 20 from their 2...
MS
Morgan Stanley MS Agrees To Buy Canada s Solium Capital
Morgan Stanley NYSE MS has agreed to acquire Solium Capital Inc a leading Canadian employee stock plans manager for C 1 1 billion 900 million The transaction which is expected to be completed in the second quarter of 2019 will only have a minimal impact on Morgan Stanley s earnings and capital ratios Per th...
MS
6 Leveraged ETFs To Play Trade Oil And Shutdown Hopes
U S China trade tensions unexpectedly brought the much needed short relief for Wall Street President Donald Trump said for new tariffs on China if negotiations between the two countries get somewhere Both parties are currently in the middle of a 90 day partial trade truce which is due to end on Mar 1 read Th...
MS
Global Equities Mostly Higher But Earnings Recession May Be On Horizon
Summary It s looking more likely that we ll see an earnings recession soon Global equity markets are mostly higher over the last month The markets had a solid move higher today Is an earnings recession on the horizon From the NY Times emphasis added But warning signs keep flashing about the shaky fundamentals o...
MS
3 Global Mutual Funds To Buy Now
According to Lipper s latest fund flow report stock funds investing globally registered strong inflows in 2018 At the same time global equity funds reported inflows of 0 13 billion for the week ending Jan 23 Despite the global economic downturn and persistent trade war issues a few economies still present decent ...
AMX
Level 3 Communications LVLT Beats On Earnings In Q2
Level 3 Communications Inc NYSE T reported mixed financial results in the second quarter of 2016 wherein the top line missed the Zacks Consensus Estimate while the bottom line outpaced the same Level 3 Communications operates in a highly competitive enterprise communications market This Zacks Rank 2 Buy compan...