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MarketWatch MarketPulseJan 18, 2018
Boeing stock falls to be the biggest reason for Dow's decline
Boeing Co.'s stock slid 1.7% in morning trade, and was the biggest reason for the Dow Jones Industrial Average's decline early Thursday, as it took a breather following its recent stellar run to record highs. Boeing's price decline of $5.86 was shaving about 40 points off the Dow's price, which was down about 4 points. Despite the pullback, the aerospace and defense contractor's stock was still the best performer in 2018, with a 16.6% gain. The stock's $50.24 price gain year to date has added about 346 points to the Dow, which is up about 1,393 points so far this year. The next-best year-to-date performer was International Business Machines Corp. shares , which had climbed 11% so far this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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U.S. stocks open lower, but Dow industrials hold 26,000 level (MarketWatch Breaking News)

MarketWatch MarketPulseJan 18, 2018
Marathon Patent shares surge 19% premarket on news of blockchain and cryptocurrency patents
Marathon Patent Group Inc. shares surged 19% Thursday, after the company said it has agreed to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers. The Los Angeles-based intellectual property licensing company said the patents 'afford us a unique and leverageable position, in addition to complementing our efforts as we enter into the digital asset and cryptocurrency business.' In November, the company said it was acquiring 100% of Global Bit Ventures Inc., a digital asset technology company that mines cryptocurrencies. Marathon shares have fallen 53% in the last 12 months, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 18, 2018
Wyndham Worldwide to pay $1.95 billion for La Quinta's hotel business
Wyndham Worldwide Corp. said Thursday it will pay $1.95 billion in cash to buy La Quinta Holdings Inc.'s hotel franchise and management businesses. Under terms of the deal, La Quinta shareholders will receive $8.40 a share in cash, a total of about $1 billion, Wyndham will repay about $715 million in La Quinta debt and Wyndham will set aside $240 million in reserves for estimated taxes in connection with the spinoff of La Quinta's owned real estate assets. La Quinta's stock closed Wednesday at $19.45, giving the company a market capitalization of $2.28 billion. 'La Quinta will immediately become one of our flagship brands,' said Wyndham Chief Executive Geoff Ballotti. 'It is an exceptionally strong brand that is led by service-minded associates who deliver some of the highest customer engagement levels in our industry.' Wyndham and La Quinta shares were not active in premarket trade. La Quinta's stock has run up 35% over the past 12 months, while Wyndham shares have soared 52% and the S&P 500 has climbed 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJan 18, 2018
Asia Markets: Hong Kong, Chinese stocks advance while Nikkei pulls back after topping 24,000
Asia-Pacific stocks were mostly higher Thursday, aided by strength in Chinese banks and regional tech companies, after equities hit fresh record highs on Wall Street overnight.

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London Markets: FTSE 100 faces 4th loss as pound rises, Primark-owner falls (MarketWatch)

MarketWatch MarketPulseJan 18, 2018
Stock indexes open flat as Dow holds above 26,000
Stock indexes opened near break-even levels on Thursday amid growing concerns of a partial government shutdown at the end of the week. The Dow Jones Industrial Average was up 3 points to 26,119. The S&P 500 was down 2 points, or 0.1%, to 2,801. The Nasdaq Composite Index fell 6 points, or 0.1%, to 7,292. All three benchmark indexes rallied to end at record highs on Wednesday, with the Dow leading the way. Morgan Stanley rose 1% after its earnings beat estimates.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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There's Nothing Pushing Stocks Down (WSJ MoneyBeat)

MarketWatch MarketPulseJan 18, 2018
Public cloud spending to grow 23% this year, says IDC
Spending on public cloud services and infrastructure is expected to grow 23% this year, to $160 billion, according to research firm IDC. Analysts at IDC predict the discrete manufacturing, professional services, and banking industries will spend the most on public cloud services in 2018. They believe that spending will slow a bit through 2021 but still achieve a 22% annualized growth rate over the period spanning from 2016 to 2021. The firm sees China accelerating its public-cloud spending the most over that five year span, a trend that's already started to play out and benefit Alibaba Group Holding Ltd. . 'Digital transformation is driving multi-cloud and hybrid environments for enterprises to create a more agile and cost-effective IT environment in Asia/Pacific,' IDC research manager Ashutosh Bisht said in a release.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsJan 18, 2018
Morgan Stanley earnings: 84 cents per share, vs 77 cents EPS expected - CNBC

CNBC


Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue. Here's how the
Morgan Stanley quarterly profit tanks; adjusted profit beats viewReuters
Morgan Stanley profit rise despite trading woesFinancial Times
Morgan Stanley (MS) Tops Q4 EPS by 7cStreetInsider.com
Benzinga -The Globe and Mail -BNN -


MarketWatch MarketPulseJan 18, 2018
Amazon names 20 finalists for second headquarters
Amazon.com Inc. announced Thursday a short-list of 20 metropolitan areas that it has chosen to move to the next phase of the selection process for the e-commerce giant's second headquarters, or HQ2. Amazon said it narrowed the list from the 238 communities that submitted proposals. The areas that made the list, in alphabetical orders: Atlanta; Austin; Boston; Chicago; Columbus; Dallas; Denver; Indianapolis; Los Angeles; Miami; Montgomergy County, Maryland; Nashville; Newark, NJ; New York City; Northern Virginia; Philadelphia; Pittsburgh; Raleigh, NC; Toronto; and Washington, D.C. Amazon said it would invest over $5 billion in the city where it opens HQ2, and create 50,000 'high-paying jobs.' Amazon's stock slipped less than 0.1% in premarket trade. It has rallied 30% over the past three months through Wednesday, while the S&P 500 has gained 9.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 18, 2018
Morgan Stanley shares climb after earnings top estimates
Morgan Stanley shares rose 1.3% premarket Thursday, after the bank's fourth-quarter earnings topped estimates. The bank said it had net income of $516 million, or 29 cents a share, in the quarter, down from $1.509 billion, or 81 cents a share, in the year-earlier period. Excluding a $990 million tax provision, the bank had EPS of 84 cents, ahead of the FactSet consensus of 64 cents. Revenue rose to $9.5 billion from $9.0 billion, also ahead of the FactSet consensus of $9.2 billion. 'We enter 2018 with strong momentum aided by rising interest rates, tax reform and an evolving regulatory framework,' Chief Executive James Gorman said in a statement. Institutional securities revenue edged down to $4.5 billion from $4.6 billion, as fixed income sales and trading fell. Investment banking revenue came to $1.4 billion, up from $1.3 billion as equity and debt underwriting rose. Sales and trading revenue fell to $2.7 billion from $3.2 billion. Wealth management revenue rose to $4.4 billion from $4.0 billion, while investment management revenue rose to $637 million from $500 million. Shares have gained 29% in the last 12 months, while the S&P 500 has gained 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Asian shares nudge higher following US gains; China GDP is coming - CNBC (Google Business News)

Reuters BusinessJan 18, 2018
Wall Street opens flat as energy stocks weigh
(Reuters) - Wall Street's main indexes opened little changed on Thursday as energy stocks took a hit from lower oil prices.

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Asia stocks touch record highs after Wall St. surge, dollar edges back (Reuters Business)

MarketWatch MarketPulseJan 18, 2018
Trump says his view of Mexico border wall has not changed
President Donald Trump in early tweets Thursday denied he has changed his views on the Mexico border wall. The president's response comes after his chief of staff, John Kelly, said Wednesday that the president's opinions had evolved since his original campaign promises. 'The Wall is the Wall it has never changed or evolved from the first day I conceived of it,' Trump tweeted. 'Parts will be of necessity see through and it was never intended to be built in areas where there is natural protection such as mountains wastelands or tough rivers or water...' Trump had earlier tweeted that Mexico would still 'directly or indirectly' pay for the wall. Kelly told a caucus of Hispanic lawmakers on Wednesday that he has persuaded Trump that building a wall along the U.S.-Mexico border is unnecessary, signaling a possible reversal on the key campaign promise. Kelly, who was secretary of Homeland Security before taking over as chief of staff in July, said that candidate Trump had not been 'fully informed' about the border situation when he pledged repeatedly to build a 2,200-mile physical wall and get Mexico to pay for it.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Market NewsJan 18, 2018
OPEC Frets About Flood of US Shale - Bloomberg

Bloomberg


OPEC increased its forecast for rival oil-supply growth for a second month running after a recovery in prices sent Brent crude to $70 a barrel. OPEC's output cuts -- now entering a second year -- have been successful in eroding bloated stockpiles and
Oil up on threats of rebel attacks in Nigeria, falling US crude stocksNasdaq
Prospect of shale wave looms over resurgent oil pricesCBC.ca
Oil Briefly Weakens, But $80 Brent Is PlausibleSeeking Alpha
ForexLive -gulfnews.com -MoneyWeek -


MarketWatch MarketPulseJan 18, 2018
PayPal price target raised to Street-high $95 at Jefferies
Shares of PayPal Holdings Inc. were little changed in premarket trading Wednesday after Jefferies analyst Ramsey El-Assal raised his price target on the stock to $95, a new Street high. He's upbeat about broad consumer spending trends toward the end of last year, ahead of PayPal's fourth-quarter earnings release. 'Particularly robust eCommerce figures in October/November/December... mirror the structural shift from in-store to online spending,' El-Assal wrote, citing SpendTrend data. He also likes the company's free-cash-flow positioning as a result of selling its loan portfolio to Synchrony Financial . ' We continue to view PayPal as a compelling long term opportunity given scarcity value among large-caps due to growth/profitability profile, global secular tailwinds, and an enviable cash flow/balance sheet position,' he wrote. The stock closed at a new record high on Tuesday. PayPal shares are up 99% over the past 12 months, while the S&P 500 Index is up 23% in that time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsJan 18, 2018
GLOBAL MARKETS-Asia stocks touch record highs after Wall St surge, dollar edges back
* MSCI Asia-Pacific index hits record high, 26-yr peak for Nikkei
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