What Caught Our Attention in the Investment World? – Week of July 29-August 2, 2019

By Anil K. Ambastha and Kuldip K. Ambastha The second-quarter earnings report and guidance process parade is continuing. This week, reports from engineering and construction companies such as McDermott International (MDR) and Fluor Corporation (FLR) reflected large losses, revenue misses, and uncertain futures. Following its earnings report, shares of McDermott International (MDR) dropped 35.3% on …

What Caught Our Attention in the Investment World? – Week of July 15-19, 2019

By Anil K. Ambastha and Kuldip K. Ambastha Second-quarter earnings season started in earnest this week and will continue for the next 3-4 weeks. This week, the S&P 500, Dow 30, and Nasdaq indices respectively dropped by 1.23%, 0.65%, and 1.18%. Thus, movement of the indices was fairly benign and insignificant. However, individual stocks can …