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T3's Take 3: Twitter Clobbered After Earnings on User Growth Concerns


Today's financial recap and tomorrow's financial outlook.

Today at T3 Live

T3 Live is hosting its first annual Finance Festival and you're invited!

The event will be held November 6-8 at the Mayfair Hotel & Spa in Miami, Florida, just minutes from Miami beach.

We'll kick off Friday evening with a VIP dinner followed by a weekend full of insightful keynote discussions, great food, and what promises to be the party of the year!

Click here to learn more about T3 Live's Finance Festival

FOMC Rate Decision

The Fed released its policy statement today.

As expected, there was no rate change and there were no surprises in terms of commentary.

The Fed once again said it will take into consideration labor market conditions, and indicators of inflation pressure and inflation expectations in order to decide the timing of rate hikes. It was acknowledged that the labor market continued to improve, showing solid job gains and declining unemployment.

While there was no clear indication of when an increase would occur, the consensus calls for a 25 basis point hike in September.

Equities popped and dropped on the release before regaining their gains into the close.

The S&P 500 rose 0.7%, while the NASDAQ was up just 0.4%.

International Equities Rally

Global equities rose today. European markets gained on strong earnings reports and ongoing merger activity. The French CAC 0.81%, and the German DAX rose 0.34%. European bond yields rose slightly as investors moved money into equities from bonds.

Meanwhile, Asian markets rallied, aided by expectations government intervention in Chinese markets, and generally oversold conditions from an intermediate perspective. The Shanghai Composite jumped 3.4%.

The Chinese government recently promised to crack down on "malicious share dumping," and to buy stocks to calm the market.


Twitter (TWTR) shares a hit a new 52-week low. The company released its earnings report after the close yesterday, beating Wall Street estimates. Despite struggling to attain new users, Twitter generating more revenue per user, allowing revenues to jump 61%.

While investors initially viewed the report as strong, driving the stock up through $40, shares began to tumble on the conference call. Interim CEO Jack Dorsey stated that growth would not return any time soon, saying the company is facing a turnaround that will take a considerable amount of time.

Twitter shares closed down 14.5% today at $31.24.

Thursday's Financial Outlook

US economic data for tomorrow will feature GDP, personal consumption, jobless claims, bloomberg consumer comfort, and EIA natural gas storage numbers

Overseas economic data will include Germany's employment report and CPI, and Japan's CPI.

Nokia(NOK), Procter & Gamble (PG), Royal Dutch Shell (RDS.A), and Sony (SNE) will announce earnings before the open tomorrow.

After the close, Expedia (EXPE), Hanesbrands (HBI), and Ingram Micro (IM) will release their earnings numbers.
No positions in stocks mentioned.
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