Minnie Arwood, Author at In Class Book

February 1, 2022

Capital One Financial Equities Analysts Reduce Earnings Estimates for Rattler Midstream LP (NASDAQ:RTLR)

Rattler Midstream LP (NASDAQ:RTLR) – Analysts at Capital One Financial lowered their FY2021 EPS estimates for Rattler Midstream in a note issued to investors on Monday, January 31st. Capital One Financial analyst K. May now anticipates that the company will earn $0.90 per share for the year, down from their prior estimate of $0.91. Capital One Financial also issued estimates for Rattler Midstream’s Q1 2022 earnings at $0.27 EPS, Q3 2022 earnings at $0.29 EPS, Q4 2022 earnings at $0.30 EPS, FY2022 earnings at $1.13 EPS and FY2023 earnings at $1.27 EPS.

RTLR has been the topic of several other reports. Credit Suisse Group increased their price target on shares of Rattler Midstream from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 12th. Zacks Investment Research lowered shares of Rattler Midstream from a “hold” rating to a “sell” rating in a research note on Thursday, January 6th. Finally, TheStreet upgraded shares of Rattler Midstream from a “d+” rating to a “c-” rating in a research report on Wednesday, October 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.17.

Shares of Rattler Midstream stock opened at $13.00 on Tuesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.48 and a beta of 3.88. Rattler Midstream has a 52 week low of $9.22 and a 52 week high of $13.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.93 and a quick ratio of 3.70. The company has a 50 day moving average of $11.45. Rattler Midstream (NASDAQ:RTLR) last announced its quarterly earnings results on Wednesday, November 3rd. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The company had revenue of $96.57 million during the quarter, compared to analysts’ expectations of $102.61 million. Rattler Midstream had a net margin of 9.01{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 2.93{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the prior year, the company earned $0.20 earnings per share.

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The firm also recently announced a quarterly dividend, which was paid on Monday, November 22nd. Stockholders of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.69{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Rattler Midstream’s dividend payout ratio (DPR) is presently 119.05{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In related news, Director Steven E. West sold 18,175 shares of the stock in a transaction on Monday, November 8th. The stock was sold at an average price of $11.47, for a total transaction of $208,467.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several hedge funds and other institutional investors have recently modified their holdings of RTLR. Macquarie Group Ltd. lifted its holdings in Rattler Midstream by 793.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Macquarie Group Ltd. now owns 2,266,628 shares of the company’s stock valued at $24,752,000 after acquiring an additional 2,013,028 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in Rattler Midstream by 27.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Kayne Anderson Capital Advisors LP now owns 2,065,968 shares of the company’s stock valued at $24,254,000 after acquiring an additional 444,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Rattler Midstream by 201.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Renaissance Technologies LLC now owns 459,067 shares of the company’s stock valued at $5,013,000 after acquiring an additional 306,594 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Rattler Midstream by 14.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Goldman Sachs Group Inc. now owns 1,757,214 shares of the company’s stock valued at $19,189,000 after acquiring an additional 219,009 shares during the period. Finally, FMR LLC lifted its holdings in Rattler Midstream by 280.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. FMR LLC now owns 279,205 shares of the company’s stock valued at $3,049,000 after acquiring an additional 205,747 shares during the period. 21.25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

About Rattler Midstream

Rattler Midstream LP operates as a holding company. It engages in the operation, development and acquisition of midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. The firm provides crude oil, natural gas and water related midstream services including fresh water sourcing and transportation and saltwater gathering and disposal.

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February 1, 2022

Who benefits from Japan’s panic over ageing?

Last 12 months, Japan’s inhabitants shrank by 630,000 people today, or one particular Luxembourg. Between now and 2040, it is forecast to have declined by a additional 16mn, or just one Cambodia. The rivulet of younger Japanese reaching the official age of adulthood is at a write-up-war very low and the tide sweeping into the around-65 age bracket is at a report high.

There is no upbeat discussion to be had on Japan’s demographics. But neither is there a way to avoid speaking about the subject matter, significantly the situation of how corporate Japan can hope to perform as it has till now but with relentlessly less human beings.

Developments taking place behind the scenes in one particular portion of the financial state, even so, do at minimum offer you a new way of thinking about the difficulty.

A standard reaction to Japan’s workforce scarcity has been to choose consolation in the notion that scene-shifting technology is either here or just close to the corner. Buzzy expense narratives all around synthetic intelligence have presented this a new edge of plausibility.

Projections of technology’s job as saviour assortment from real looking forecasts of better automation of factories and other labour-intense industries to a lot more fanciful robo-scapes where by automatons populate the assistance sector, cook, cleanse, hold out on tables, patrol places of work following hours and have a tendency to the elderly as nurses.

Even though some genuinely think that robots will presume far more and more roles at present occupied by human beings, some others see the gain of robots as handily suspending an immigration debate which helps make the country’s overall body politic collectively wince. The two are strangely outdated-fashioned strategies to technique the difficulty.

Takafumi Yano’s start off-up may have uncovered a further way. In Japan, the organization of outsourcing work abroad stands fairly ambiguously at the rear of these debates: while a excellent a lot of of its providers have embraced the possibilities (specifically by offshoring production), for a lot of other people the perceived threats all around excellent, status, purchaser associations, language and oversight outweigh the positive aspects. The work have stayed at dwelling.

A single aspect-impact of this has been to stifle significant discussion about how significantly of the work carried out by Japan’s workforce could in truth be finished by yet another country’s.

But engineering is now giving that oxygen, claims Yano, a 31-year-old from Kyoto who founded a firm though completing a doctorate in brain sign imaging. His business, Rutilea, is mulling designs for a listing in Tokyo and is in talks with some of Japan’s premier industrial names, which includes Toyota.

The idea behind Rutilea stems from a see that significantly much too lots of Japanese employees — Yano estimates about 500,000 — are engaged in some part of excellent checking and inspection. These jobs, which variety from inspecting really engineered elements to guaranteeing that lunch packing containers are laid out effectively, tie up a sizeable chunk of a shrinking workforce. If produced and redeployed, argues Yano, those people 500,000 individuals would be several situations more successful than the greatest robots on the sector.

To make this materialize, Yano is providing to established up a program that combines AI — which at this stage, he claims, is only partially effective as a quality inspector — supplemented with eye-checks by people, outside Japan, working with their mobile telephones. Cameras positioned in factories and production lines deliver more than enough element, he says, for a extremely massive proportion of these tasks. Gig personnel all over the entire world — Turkey and Indonesia, he claims, stand out — networked jointly as a solitary but fluid workforce can carry out the inspections from their properties at several hours that fit them.

Is Japan prepared for the cultural modify that would accompany this shift? For a long time, it has sought to make its consideration to top quality a distinctive providing point of its manufacturing industries, a crucial aspect of the monozukuri (point-generating) ethos that underpins so a lot of nationwide delight.

As these types of, the plan of outsourcing this component of the producing process goes some way further than regardless of whether the know-how is all set, the value is appealing and the practical end result the identical as if it experienced been performed at home. In fact, for Yano, the situation of outsourcing top quality regulate signifies a particular Rubicon for company Japan to cross.

It is why the progress of Rutilea and the deals that it strikes with Japanese organizations in the coming months and years are such an essential index. The more seriously Japan can take the strategy of working with tech to redeploy its human workforce, the a lot less time it will waste waiting around for a robot military that might under no circumstances come.

Leo Lewis is the FT’s Asia business editor

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February 1, 2022

Hightower Invests in Business Management Firm

Hightower has produced a strategic financial investment in Grant Tani Barash & Altman, a company administration firm in Los Angeles. In contrast to Hightower’s common discounts exactly where it acquires registered expense advisor companies, this assists the agency construct out a business enterprise management vertical, bringing Grant Tani Barash & Altman’s own main money officer expert services to Hightower advisors.

“Most of our bargains are RIAs introducing scale, indicating advisors, assets, shoppers to the system,” Hightower CEO Bob Oros said in an unique interview. “Our strategic financial investment in Grant Tani Barash & Altman is really an expenditure in including new abilities for our advisors and their clients.”

All those personalized CFO services include things like bookkeeping and accounting, monthly bill payment, tax preparation and other concierge fiscal management abilities, Hightower explained.

Grant Tani Barash & Altman will go on to operate independently and will leverage Hightower’s middle and back again-office environment companies. Their presenting will also be built-in into Hightower’s suite of services.

“We’ll construct a vertical in the company to provide the ultra-high-net-really worth clients of Hightower Advisors, so it’s truly leveraging everything they now do for their market, and providing it to a new established of purchasers that they can serve,” Oros reported.

Forty p.c of Hightower’s belongings come from households with $15 million or far more. As of Dec. 31, 2021, Hightower had $144 billion in assets below administration and $117.8 billion in assets underneath administration. Oros expects the agency to keep on to grow in the extremely-large-web-well worth phase.

This acquisition adds to Hightower’s present services for ultra-superior-net-worthy of customers, including its tax and estate setting up capabilities, by means of its April 2020 investment in Wellspring Associates. Hightower is also performing on giving personalized have confidence in products and services and acquired conditional approval this summer season to covert its Texas-based mostly trust corporation into a nationally chartered believe in corporation.

“This matches in extremely nicely with all individuals abilities in conditions of holistically staying equipped to provide the requires of the ultra-superior-internet-truly worth and definitely bringing a correct stop-to-conclusion spouse and children business office variety of product,” Oros stated.

Grant Tani Barash & Altman, which was founded in 1992, has 80 staff members bringing these services to its present shoppers. The firm specializes in serving the leisure sector, such as actors, actresses, directors and producers.

The corporations would not disclose the terms of the offer, other than to say that it included a blend of dollars and equity.

February 1, 2022

Taiwan wafer company takeover collapses after Germany withholds approval

The prepared acquisition of German chip provider Siltronic by its larger Taiwan rival GlobalWafers has collapsed soon after Berlin did not approve the deal, highlighting how countrywide safety problems about source chains are shaping bargains in the marketplace.

“The takeover offer by GlobalWafers and the agreements which arrived into existence as a result of the offer will not be completed and will lapse,” the Taiwanese business said on Tuesday following Germany did not make a choice on the offer by the January 31 deadline.

Berlin’s failure to crystal clear the proposed €4.35bn transaction prevented consolidation in a significant section of the extended and intricate source chain for semiconductors. The chips are essential elements to a vary of solutions which includes cars and trucks and smartphones and have been in extreme lack for extra than a year.

With each other GlobalWafers, the world’s 3rd-biggest manufacturer of silicon wafers, and Siltronic, which ranks fourth, would have grow to be the sector’s next-major participant and a significant rival for Japan’s Shin-Etsu, the major manufacturer. In individual, GlobalWafers had aimed at strengthening its presence in Europe, where by Siltronic is the top supplier.

Germany’s economics ministry mentioned it could not entire all necessary actions in its review by January 31. German media quoted a ministry spokesperson declaring that the conditional approval from Chinese antitrust regulators, granted on January 21, experienced occur way too late for Berlin to assessment.

Chinese regulators experienced offered a environmentally friendly light for the acquisition on the situation that GlobalWafers spun off Topsil, a Denmark-based mostly unit, and ongoing to market wafers to Chinese clientele without discrimination. The calls for could have intricate functions for the mixed enterprise if a 3rd country, these as the US, imposed sanctions necessitating providers to lower provides to China in the future.

But government officials and industry observers also observed broader factors behind Berlin’s failure to crystal clear the offer. In new yrs, the German authorities has toughened guidelines for overseas takeovers of domestic providers, introducing protection evaluations for offers in a selection of industries including semiconductors, and letting the condition to get a stake in companies if required to defend them.

“The most probable genuine purpose this fell by means of is that Germany is concerned about their technological innovation sovereignty,” mentioned a senior Taiwanese govt official. “We comprehend these factors, they are not the only kinds who are progressively searching at this sort of variables now. But it can make the world ecosystem for our providers more complicated, just as they look to diversify their footprint.”

Taiwan dominates semiconductor manufacturing, generally through TSMC, the world’s most significant deal chipmaker, which accounts for additional than 50 percent of the international market for manufactured-to-buy chips. But the region is keen to greatly enhance its position in other segments of the industry.

GlobalWafers mentioned it was “very unhappy about this outcome”. The corporation additional that it would analyse the German government’s determination and think about its effect on its future financial investment tactic.

Doris Hsu, main govt, has reported in the earlier that GlobalWafers would pursue investments outdoors Europe if the Siltronic offer could not be completed.

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January 31, 2022

Here’s what 7 rate hikes from the Fed may do to the stock market

If the Federal Reserve raises fascination costs seven instances this yr as Bank of America head of international economics Ethan Harris predicted in a new contact, the stock market place won’t be immune from these hikes.

“I consider it’s a flattish sector, to be genuine,” Harris explained to Yahoo Finance Reside on Monday. “I feel for now we have experienced the close to-term corrections and the marketplaces had to offer with the actuality that the Fed is just not heading to be completely pleasant likely ahead. They helped push the inventory marketplace. Now they are using again that promise. I believe the sector will do Ok. I don’t consider it will be a great year.”

Goldman Sachs Jan Hatzius lifted his have charge hike anticipations to five this yr from four soon after Harris’ get in touch with a 7 days back, which involved a slash to BofA’s 2022 GDP expansion estimate to 3.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from 4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Marketplaces have waded by an unsightly get started to the calendar year as traders handicap calls by strategists this sort of as Harris and Hatzius for a great deal larger fascination fees.

The Nasdaq Composite is headed for its worst start to a January ever. At a 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} fall by Monday afternoon, the Nasdaq’s January could surpass the 9.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} decrease noticed in January 2008, which had been the worst.

U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022. U.S. Federal Reserve Board/Handout via REUTERS — U.S. Federal Reserve Chairman Jerome Powell addresses an online only news convention in a body seize from U.S. Federal Reserve movie broadcast from the Federal Reserve making in Washington, U.S., January 26, 2022. U.S. Federal Reserve Board/Handout by means of REUTERS

About 46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the Nasdaq’s associates are down at the very least 50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from their 52-7 days highs, according to Charles Schwab chief expense strategist Liz Ann Sonders. Zooming out doesn’t paint a superior image. Approximately 76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the Nasdaq’s members are down at the very least 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from their 52-week highs.

In the meantime, shares trading on sky-higher valuations have been slammed as traders product in reduce than expected future returns due to soaring premiums. AMD (AMD) shares have plunged 23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in January, Etsy (ETSY) has lose 33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and Netflix (NFLX) is off by 36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

To be positive, not absolutely everyone on the Road is risk off on what is a more affordable inventory industry nowadays as compared to a single thirty day period in the past.

Goldman Sachs strategist Peter Oppenheimer contends this time period of heightened volatility is typical market actions in advance of a shift in Fed policy.

“This is a correction in a bull marketplace cycle. In our look at, we remain in the early section of the advancement phase — returns will probably be reduced but the bull industry really should continue (so very long as economies grow). In common with earlier cycles, we assume this section will be a lot less bifurcated in phrases of component and sector management,” Oppenheimer claimed in a recent observe.

Brian Sozzi is an editor-at-significant and anchor at Yahoo Finance. Observe Sozzi on Twitter @BrianSozzi and on LinkedIn.

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January 31, 2022

Stocks week ahead: Warren Buffett has the last laugh as Berkshire Hathaway beats the market

But that’s not creating Berkshire Hathaway’s Warren Buffett to lose any snooze.

Banking companies, vitality corporations and other price stocks have rallied this calendar year, which is good information for Buffett because the Oracle of Omaha’s conglomerate invests in several of these businesses. Benefit stocks normally have lower rate-to-earnings ratios, and they are unquestionably not stylish.

Berkshire Hathaway (BRKB) shares are up about 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} this year and near an all-time large, whilst all the FAANGs, Microsoft (MSFT) and Tesla (TSLA) are deeply in the red. FAANG refers to Facebook, Amazon, Apple, Netflix and and Google.

Lots of of Berkshire’s top investments are economic corporations which have started off the 12 months in the inexperienced, including Lender of The united states (BAC), American Express (AXP) and US Bancorp (USB).

Berkshire’s portfolio has also gotten a improve from Chevron (CVX), which is Buffett’s twelfth-largest keeping. The oil giant’s shares are up 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} this calendar year, making it the top rated performer in the Dow.

If this retains up, Dave Portnoy of media firm Barstool Sporting activities, who has positioned himself as an investing guru for a new generation of traders, will have to try to eat these terms from a June 2020 tweet: “I’m positive Warren Buffett is a great guy but when it comes to shares he is washed up. I am the captain now.”

It is as well shortly to say regardless of whether the present market place tendencies will hold. But price buyers who showed patience are searching quite very good so significantly in 2022.

“Buffett’s the tortoise. Benefit buyers just plod alongside,” explained John Buckingham, a value stock fund portfolio supervisor at Kovitz. “Indeed, the Portnoys and Cathie Woods will have their working day. But so numerous view investing as a on line casino. The important is to be patient and accept volatility.”

Guaranteed, the 91-year-old Buffett’s greatest keeping is Apple (AAPL). which is down 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} so significantly in 2022 but just reported stellar earnings and potent Apple iphone gross sales. Berkshire even has a tiny stake in Amazon (AMZN), which has fallen 15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. So Berkshire has not avoided the Nasdaq meltdown totally.

But Berkshire would not own Facebook (FB) dad or mum Meta, Netflix or Google (GOOGL) owner Alphabet. It also doesn’t devote in Microsoft (MSFT), owing to Buffett’s friendship with Microsoft co-founder Bill Gates. Berkshire does not have a stake in Elon Musk’s Tesla (TSLA), but it has invested in Chinese electrical car company BYD (BYDDF).

Berkshire isn’t really just an investing organization. It owns perfectly-recognized corporations ranging from battery maker Duracell and the Burlington Northern Santa Fe railroad to Dairy Queen, Fruit of the Loom and paint vendor Benjamin Moore.

However, Berkshire is mainly a economic companies organization many thanks to the reality that it owns insurance policy big Geico and a number of other companies in the sector.

Berkshire has also benefited from the truth that investors have flocked to financial stocks thanks to expectations that the Federal Reserve will quickly begin increasing desire premiums. Berkshire is the biggest keeping in the Financial Find Sector SPDR (XLF) exchange-trade fund.

“When investors gravitate in direction of price they will get financial shares and Buffett will get his share,” Buckingham stated. “Berkshire is benefiting for the reason that increased curiosity prices enable Buffett’s insurance plan business enterprise.”

All eyes on the BoE and ECB

Talking of costs, the Fed has strongly advised that a hike is coming in March. Investors will be viewing the January positions report on Friday for wage expansion and inflation details, which could impression potential Fed selections.

Some central banks have already hiked premiums to battle increasing inflation. The Lender of England, which increased premiums from zero in December, is widely anticipated to increase them once more at its up coming assembly on Thursday.

Nearly two-thirds of the economists surveyed by Reuters are predicting that the central financial institution will increase prices a different quarter of a percentage level, to .5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Several central banking companies in made economies are anticipated to adhere to fit and start climbing fees later on this calendar year.

“They are all going to move step by step if they can. Central banking institutions don’t want to be overly aggressive. It can be systematic,” claimed Anthony Saglimbene, world wide sector strategist with Ameriprise Monetary.

The one particular possible exception to the rule? The European Central Bank. The ECB also meets Thursday and is unlikely to elevate prices. Its critical refinancing level is most likely to continue being at zero and will almost certainly remain there for the foreseeable foreseeable future.

ECB President Christine Lagarde is arguably the most dovish of the main central lender chiefs all over the globe. She has argued that the ECB is not likely to increase fees at any stage in 2022 as the Covid pandemic continues to be a important financial obstacle.

“The ECB will want to make it possible for for additional time just before level hikes,” Saglimbene said. “Growth is slower.”

Saglimbene noted that southern European nations even now have to have tremendous-very low premiums to enhance their economies though EU powerhouse Germany is becoming impacted by a slower world wide trade and manufacturing surroundings.

Up next

Monday: Chinese inventory markets closed all 7 days for Lunar New Year

Tuesday: US ISM producing December JOLTS Earnings from Exxon Mobil (XOM), UPS (UPS), UBS (UBS), Alphabet, Starbucks (SBUX), GM (GM), PayPal (PYPL) and Digital Arts (EA)

Wednesday: US ADP employment report Earnings from Marathon Petroleum (MPC), AbbVie (ABBV), Humana (HUM), New York Times (NYT), Meta Platforms, T-Cellular (TMUS), Metlife (Satisfied), Allstate (ALL), Qualcomm (QCOM), Aflac (AFL) and Spotify (Location)

Thursday: Financial institution of England and European Central Bank price decisions US weekly jobless statements US ISM providers: Earnings from Shell (RDSA), Cigna (CI), ConocoPhillips (COP), Merck (MRK), Honeywell (HON), Hershey (HSY), Amazon, Ford (F), Prudential (PRU), Activision Blizzard (ATVI), News Corp (NWS), Clorox (CLX), Snap (SNAP) and Pinterest (PINS)

Friday: US work report Earnings from Bristol-Myers (BMY)

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All eyes on the BoE and ECB

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