Is a Surprise Coming for Gentiva Health Services (GTIV) This Earnings Season? – Yahoo Finance
jobs data and the bailout of a Portuguese bank. Portugal’s central bank on Sunday announced a plan to rescue the troubled lender Banco Espirito Santo (BES) to protect taxpayers and senior creditors. In a 4.9 billion euros bailout that will leave junior bondholders with losses, the lender will be split into a “good bank” with the healthy assets and “bad bank” with the riskier ones under a state rescue plan. The U.S.
climbed 2.6 percent on plans for their parent company to become a joint stock company. China Citic Bank Corp. and Citic Securities Co., part of Citic Group, also advanced at least 0.9 percent. China Shenhua Energy Co., the biggest Chinese coal producer, drove a rally for energy shares. The Shanghai Composite Index (SHCOMP) rose 0.6 percent to 2,199.28 at 10:18 a.m.
China’s Stocks Rise as Financials Rally on SOE Reform Prospects – Bloomberg
jumped 3.6 percent to lead gains on the Hang Seng China Enterprises Index. (HSCEI) Anton Oilfield (3337) Services Group slid 5 percent after saying it expects first-half profit to drop. The Hang Seng China Enterprises Index of mainland shares traded in the city, also known as the H-share index, rose 0.7 percent to 11,062.54 as of 10:51 a.m. in Hong Kong.
Hong Kong H-Shares Rebound From Biggest Loss in 3 Weeks – Bloomberg
The default triggers payments to holders of credit insurance. ANALYST TAKE: As a result of Argentina’s default, “we get skittish investors preferring to stay out of the market,” said analyst Desmond Chua of CMC Markets in a report. PORTUGESE BANK BAILOUT: Portugal’s central bank announced late Sunday it will provide 4.9 billion euros ($6.6 billion) in an emergency rescue to prevent the collapse of ailing bank Banco Espirito Santo, one of the country’s biggest financial institutions. Banco Espirito Santo’s share price plunged by 75 percent last week after the bank reported a half-year loss of 3.6 billion euros following an audit that revealed previously undisclosed debts.
Stocks tempered by Argentina default, Portugal – Quincy Herald-Whig | Illinois & Missouri News, Sports
Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ). Given that GTIV has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Gentiva Health Services, and that a beat might be in the cards for the upcoming report.