Sunday, September 17, 2017
Thursday, September 3, 2015
Dow nose dives 470 points on more China fears
Here we go again. Stocks took another nosedive Tuesday following more fears about a slowdown in China's economy.
The Dow Jones Industrial Average plunged 470 points, or 2.8%, and is 12.5% below the all-time high it set in May. The S&P 500 fell 3% and is once again in a so-called correction. It's down more than 10% from the record that it hit in May.The tech-heavy Nasdaq sank nearly 3% as well and is 11% below its July peak. The Nasdaq also lost its gains for the year Tuesday and is now 2% lower in 2015.
It's an ominous start to September, which is historically the worst month for stocks. (Investors may be singing "Wake Me Up When September Ends" by Green Day if this keeps up.)
And it comes after the market suffered a miserable August. The Dow had its worst month in more than 5 years while the S&P 500 had its biggest monthly drop since May 2012.
Weakness in China, the world's second-largest economy, is a major concern for traders. Two separate reports that came out Tuesday morning showed continued sluggishness in China's manufacturing sector.
The IMF also warned Tuesday that China's slowdown will have an impact on the rest of the global economy.
Related: China's factory sector is running out of steam
Shares of U.S. companies with big exposure to China -- Apple (AAPL, Tech30), mobile chip giants Qualcomm (QCOM, Tech30) and Avago (AVGO), KFC owner Yum Brands (YUM) and Macau casino operators MGM (MGM), Las Vegas Sands (LVS) and Wynn (WYNN) -- all took a noticeable hit Tuesday.
Oil stocks fell sharply as well as crude prices tumbled 7%. Oil prices spiked dramatically on Monday on hopes of production cuts after OPEC said in a report that it was "ready to talk" to other oil producers about how to stabilize prices.
An oil supply glut is the main reason crude prices have fallen off a cliff during the past year. But fears about slowing demand from China have put pressure on oil as well lately.
Related: Oil prices pull back after climbing to near $50
So any new fears that hint at more weakness in China will likely put more pressure on oil and many other commodities.
To that end, oil giant ConocoPhillips (COP) announced it was cutting about 1,800 jobs Tuesday and cited the "dramatic downturn" in the energy sector as the reason.
It didn't help that a key gauge of manufacturing in the United States also missed Wall Street's forecasts Tuesday. The ISM manufacturing index for August fell from July and hit its lowest level since May 2013.
But on the positive side, construction spending in July grew at a higher rate than expected.
Still, the global market turmoil and mixed bag of U.S. economic data may further complicate things for the Federal Reserve, which will meet in two weeks to discuss whether or not to raise interest rates.
Worries about when the Fed will finally hike rates, which it hasn't done since 2006, have also weighed on market sentiment.
Rates have been near zero since December 2008 and there are fears that many traders won't be able to cope in an environment where the Fed is boosting rates.
Investors will have a better sense of what the Fed might do after the U.S. government reports the August jobs figures on Friday. Strong payroll gains and a pickup in wage growth could keep the Fed on track to raise rates this month.
Related: 7 events to keep an eye on in September
Related: A big bank's glitch adds to confusion on Wall Street
Dow Jones Charts One Year September-03-2015
16,374.76
Change:  +23.38 | Open:
16,364.34
| High:
16,550.07
| Low:
16,317.31
| Volume:
109,729,970
| |
| Percent Change:
+0.14%
| Yield:
n/a
| P/E Ratio:
n/a
| 52 Week Range:
15,370.33 to 18,351.36
| ||
http://money.cnn.com/data/markets/dow/
http://www.marketwatch.com/investing/index/djia/charts
Monday, June 29, 2015
Qualcom Corporation
The following data should be read in conjunction with the annual consolidated financial statements, related notes and other financial information appearing elsewhere herein.
Years Ended (1)
| |||||||||||||||||||
September 29, 2013
|
September 30, 2012
|
September 25, 2011
|
September 26, 2010
|
September 27, 2009
| |||||||||||||||
(In millions, except per share data)
| |||||||||||||||||||
Statement of Operations Data:
| |||||||||||||||||||
Revenues
|
$
|
24,866
|
$
|
19,121
|
$
|
14,957
|
$
|
10,982
|
$
|
10,387
| |||||||||
Operating income
|
7,230
|
5,682
|
5,026
|
3,727
|
2,542
| ||||||||||||||
Income from continuing operations
|
6,845
|
5,283
|
4,555
|
3,520
|
1,792
| ||||||||||||||
Discontinued operations, net of income taxes
|
—
|
776
|
(313
|
)
|
(273
|
)
|
(200
|
)
| |||||||||||
Net income attributable to Qualcomm
|
6,853
|
6,109
|
4,260
|
3,247
|
1,592
| ||||||||||||||
Per Share Data:
| |||||||||||||||||||
Basic earnings (loss) per share attributable to Qualcomm:
| |||||||||||||||||||
Continuing operations
|
$
|
3.99
|
$
|
3.14
|
$
|
2.76
|
$
|
2.15
|
$
|
1.08
| |||||||||
Discontinued operations
|
—
|
0.45
|
(0.19
|
)
|
(0.17
|
)
|
(0.12
|
)
| |||||||||||
Net income
|
3.99
|
3.59
|
2.57
|
1.98
|
0.96
| ||||||||||||||
Diluted earnings (loss) per share attributable to Qualcomm:
| |||||||||||||||||||
Continuing operations
|
3.91
|
3.06
|
2.70
|
2.12
|
1.07
| ||||||||||||||
Discontinued operations
|
—
|
0.45
|
(0.18
|
)
|
(0.16
|
)
|
(0.12
|
)
| |||||||||||
Net income
|
3.91
|
3.51
|
2.52
|
1.96
|
0.95
| ||||||||||||||
Dividends per share announced
|
1.20
|
0.93
|
0.81
|
0.72
|
0.66
| ||||||||||||||
Balance Sheet Data:
| |||||||||||||||||||
Cash, cash equivalents and marketable securities
|
$
|
29,406
|
$
|
26,837
|
$
|
20,913
|
$
|
18,402
|
$
|
17,742
| |||||||||
Total assets
|
45,516
|
43,012
|
36,422
|
30,572
|
27,445
| ||||||||||||||
Loans and debentures (2)
|
—
|
1,064
|
994
|
1,086
|
—
| ||||||||||||||
Capital lease obligations
|
17
|
60
|
170
|
221
|
187
| ||||||||||||||
Other long-term liabilities (3)
|
533
|
366
|
450
|
540
|
665
| ||||||||||||||
Total stockholders’ equity
|
36,087
|
33,545
|
26,972
|
20,858
|
20,316
| ||||||||||||||
(1)
|
Our fiscal year ends on the last Sunday in September. The fiscal years ended September 29, 2013, September 25, 2011, September 26, 2010 and September 27, 2009 each included 52 weeks. The fiscal year ended September 30, 2012 included 53 weeks.
|
(2)
|
Loans and debentures were included in liabilities held for sale in the consolidated balance sheet as of September 30, 2012.
|
(3)
|
Other long-term liabilities in this balance sheet data exclude capital lease obligations and unearned revenues. Capital lease obligations are included in other liabilities in the consolidated balance sheets.
/////
|
Wednesday, July 31, 2013
Companies in the Dow Jones Industrial Average
Companies in the Dow Jones Industrial Average
| Company | Price | Change | % Change | Volume | YTD change |
|---|---|---|---|---|---|
| MMM 3M Co | 117.43 | +0.59 | +0.50% | 2,693,963 | +26.47% |
| AA Alcoa Inc | 7.95 | -0.08 | -1.00% | 14,878,980 | -8.41% |
| AXP American Express Co | 73.77 | -1.42 | -1.89% | 10,322,871 | +28.34% |
| T AT&T Inc | 35.27 | -0.15 | -0.42% | 21,328,717 | +4.63% |
| BAC Bank of America Corp | 14.60 | +0.08 | +0.55% | 128,080,526 | +25.75% |
| BA Boeing Co | 105.10 | -0.63 | -0.60% | 4,488,246 | +39.46% |
| CAT Caterpillar Inc | 82.91 | -0.28 | -0.34% | 7,012,868 | -7.48% |
| CVX Chevron Corp | 125.89 | +0.11 | +0.09% | 5,401,647 | +16.41% |
| CSCO Cisco Systems Inc | 25.59 | -0.08 | -0.31% | 30,711,452 | +30.23% |
| DD E. I. du Pont de Nemours and Co | 57.69 | +0.01 | +0.02% | 5,915,836 | +28.26% |
| XOM Exxon Mobil Corp | 93.75 | -0.06 | -0.06% | 14,404,069 | +8.32% |
| GE General Electric Co | 24.37 | -0.11 | -0.45% | 38,960,027 | +16.10% |
| HPQ Hewlett-Packard Co | 25.68 | -0.10 | -0.39% | 18,053,291 | +80.21% |
| HD Home Depot Inc | 79.03 | +0.43 | +0.55% | 5,914,986 | +27.78% |
| INTC Intel Corp | 23.34 | -0.04 | -0.19% | 27,680,306 | +13.17% |
| IBM International Business Machines Co... | 195.04 | -0.97 | -0.49% | 3,809,982 | +1.82% |
| JNJ Johnson & Johnson | 93.50 | +0.33 | +0.35% | 11,365,794 | +33.38% |
| JPM JPMorgan Chase and Co | 55.73 | +0.40 | +0.72% | 19,406,143 | +26.75% |
| MCD McDonald's Corp | 98.08 | -0.29 | -0.29% | 5,343,015 | +11.19% |
| MRK Merck & Co Inc | 48.17 | +0.12 | +0.25% | 21,579,484 | +17.66% |
| MSFT Microsoft Corp | 31.84 | -0.01 | -0.03% | 43,900,015 | +19.21% |
| PFE Pfizer Inc | 29.23 | -0.20 | -0.68% | 31,310,610 | +16.55% |
| PG Procter & Gamble Co | 80.30 | -0.14 | -0.17% | 11,864,451 | +18.28% |
| KO The Coca-Cola Co | 40.08 | -0.24 | -0.60% | 13,557,688 | +10.57% |
| TRV Travelers Companies Inc | 83.55 | +0.16 | +0.19% | 2,481,723 | +16.33% |
| UTX United Technologies Corp | 105.57 | 0.00 | 0.00% | 3,157,193 | +28.73% |
| UNH UnitedHealth Group Inc | 72.85 | +0.58 | +0.80% | 5,964,715 | +34.31% |
| VZ Verizon Communications Inc | 49.48 | -0.94 | -1.86% | 14,436,336 | +14.35% |
| WMT Wal-Mart Stores Inc | 77.94 | +0.05 | +0.06% | 6,042,731 | +14.23% |
| DIS Walt Disney Co | 64.65 | +0.47 | +0.73% | 7,155,261 | +29.85% |
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