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Dow today, July 30, 2014: U.S. markets were mixed Tuesday, with Europe and the United States expanding sanctions against Russian interests, and sales of new single-family homes dipping in May. Investors anxiously await the conclusion of the two-day Fed Open Market Committee meeting later this afternoon, as the central bank could provide some insight into plans on interest rates and updates on the conclusion of stimulus efforts.
Here's what you should know to make your Wednesday profitable:
- Earnings Bonanza: Shares of Twitter Inc. (NYSE: TWTR) soared 26% on Tuesday evening and in premarket hours after the company surprised Wall Street and beat second-quarter earnings estimates. The company can thank the 2014 World Cup for a strong quarter, but growth concerns remain central moving forward. The microblogging site showed revenues of $312.2 million, or $0.02 per share. That beat expectations of $283 million, and a per-share loss of $0.01.
- Dollar Dissolving: After earning more than $175 million in just a few short weeks, activist investor Carl Icahn slashed his stake in Family Dollar Stores Inc. (NYSE: FDO) after the company announced it would be purchased by its rival Dollar Tree Inc. (Nasdaq: DLTR) for $8.5 billion. Icahn, who adamantly pushed for the merger, said he would take money off the table now instead of waiting for the merger to close.
- Indian E-Com: In one of the world's most interesting emerging market profit races, Amazon.com Inc. (Nasdaq: AMZN) announced plans to invest $2 billion in India this year. The decision comes as domestic competition is on the rise from players like SnapDeal and Flipkart. The announcement comes the day after Flipkart announced it had raised $1 billion from investors, prompting Amazon to make a statement by upping the ante. The Indian e-commerce market is currently growing each year by 50%, according to Crisil Research, creating a gold rush for e-com companies eager to tap into the emerging market potential.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.