Sign in Subscribe
Facebook (Online social network)

10 Key Takeaways for Wednesday, July 29: Market Insights and Earnings Reports

Strategic Insights

— 2 min read

The markets are entering a busy day ahead of the Federal Reserve's FOMC announcement, with corporate earnings and mergers & acquisitions (M&A) deals driving European stocks higher. Twitter's recent earnings report has investors on edge despite beating revenue expectations, while Cytec Industries is being acquired by Solvay for $5.5 billion. Facebook is set to release earnings after the closing bell, and Stripe is raising a new round of funding, with Visa investing in the company. Amazon continues to explore drone delivery options, and several major companies are releasing earnings reports on Wednesday.

Key Takeaways:

  • U.S. stock futures are rising modestly ahead of the Federal Reserve's FOMC announcement.
  • European stocks rose on Wednesday, driven by earnings from companies including Royal KPN and LVMH Moët Hennessy Louis Vuitton.
  • Twitter (TWTR) reported earnings on Tuesday, beating revenue expectations but disappointing investors with stagnant user growth.
  • Cytec Industries (CYT) is being acquired by Belgian company Solvay (SVYSF) for $5.5 billion.
  • Facebook (FB) is set to release earnings after the closing bell, with analysts expecting revenue of $3.98 billion.
  • Stripe is raising a new round of funding at a valuation of $5 billion, with Visa investing in the company.
  • Amazon (AMZN) continues to explore drone delivery options, working on longer-range drones to operate at 200 to 400 feet up.
  • Several major companies, including Anthem (ANTM), Carlyle (CG), Hess (HES), Humana (HUM), and MasterCard (MA), are releasing earnings reports on Wednesday.
  • The Federal Reserve's FOMC releases the notes from its two-day meeting at 2 p.m. on Wednesday.
  • Investors should be looking closely at the minutes for signs of when the rate hike might come, possibly September, and likely before the end of the year.

Statistics:

  • Twitter (TWTR) reported second-quarter revenue of $502.4 million, 61% higher than in the quarter a year prior.
  • Cytec Industries (CYT) is being acquired by Solvay (SVYSF) for $5.5 billion, a 29% premium to the shares' closing price on Tuesday.
  • Amazon (AMZN) stock was rising by 1.04% in premarket trading.
  • Facebook (FB) stock was rising by 1.25% in premarket trading.
  • Stripe is raising a new round of funding at a valuation of $5 billion.
  • PayPal (PYPL) stock was rising by 1.3% in premarket trading.

Sources:

  • TheStreet (http://www.thestreet.com)
  • Bloomberg (http://www.bloomberg.com)
  • Reuters (http://www.reuters.com)
  • NY Times (http://www.nytimes.com)
  • Fortune (http://fortune.com)
  • PC World (http://www.pcworld.com)

Read more