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Reuters BusinessJul 23, 2019
Stocks rise on upbeat earnings, sterling drops on Brexit prospects
A host of strong earnings boosted U.S. stocks on Tuesday and world stocks edged higher in anticipation of central bank easing, while sterling fell after Brexit hardliner Boris Johnson won the leadership of Britain's Conservative Party, clearing the way for him to become prime minister.

Google Business NewsJul 23, 2019
Coca-Cola will sell an alcoholic drink nationwide in Japan after a successful test run - CNN
Coca-Cola will sell an alcoholic drink nationwide in Japan after a successful test run  CNNCoca-Cola Sales Boosted by Soda Gains, Coffee Push  The Wall Street JournalCoca-Cola raises revenue forecast after earnings beat, sending shares higher  CNBCStock Market News: Coke Is It; Harley Whiplashes Shareholders  Yahoo FinanceCoca-Cola earnings get a jolt from ready-to-drink Costa Coffee  MarketWatchView full coverage on Google News

MarketWatchJul 23, 2019
NewsWatch: Stocks mostly higher as earnings season ramps up; Coke shares prop up the Dow
U.S. stocks were rising Tuesday, with Wall Street building on the previous session's modest gains as earnings season picks up steam.

Reuters BusinessJul 23, 2019
Stocks rise on earnings; sterling falls
A host of upbeat earnings pushed U.S. stocks higher on Tuesday and world stocks rose in anticipation of central bank easing, while pound sterling fell on the expected confirmation of hard-Brexit advocate Boris Johnson as Britain's next prime minister.

MarketWatch MarketPulseJul 19, 2019
Skechers upgraded on growth potential in the second half, shares soar
Skechers USA Inc. stock soared 14% in Friday trading after blowout earnings were followed by a stock upgrade at Wedbush to outperform from neutral. Wedbush raised its price target to $46 from $31. "In our view, international wholesale and global direct-to-consumer can continue to outperform into the second half of 2019, driving improved leverage and earnings per share upside," wrote Wedbush analysts led by Christopher Svezia. Analysts are also encouraged by the U.S. business based on off-price comparisons, growth in the wholesale Amazon.com Inc. account, and the product pipeline. Skechers also saw its price target raised at at least three research groups: Susquehanna Financial Group (up to $42 from $37), Cowen (up to $40 from $32) and Stifel (up to $44 from $35). "We are highly encouraged by the combination of strong end-market demand and SG&A [sales, general and administrative expenses] efficiency," Stifel wrote. "While still mindful of necessary systems investments and process improvements to support the current scale of the business, we see double-digit growth and leverage capacity as deserving of a higher multiple." Stifel rates Skechers stock buy. Skechers shares have soared 73.5% in 2019 so far while the S&P 500 index is up 19.8% for the period.

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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