By SIMON CONSTABLE Home improvement tools maker Stanley Black & Decker smashed earnings expectations with improved sales and reduced overhead driving the results. In the second quarter, the company reported adjusted earnings per share of $2.66 vs. Wall Street expectations of $2.55. Earnings a year earlier were $1.93 a share. Read more here.
By SIMON CONSTABLE Swiss-based financial services company UBS posted a slight increase in second-quarter earnings though the results were hampered in part by its sluggish wealth management and investment banking divisions. The bank also warned that lower interest rates and politics could impede growth in future profits. Read more here.
By SIMON CONSTABLE A White House tech summit scheduled for Monday could be a make or break for U.S. companies wanting to do business with China-based telecom firm Huawei Technologies. The meeting, which is expected to be attended by tech bosses from Google-owner Alphabet and computer memory manufacturer Micron Technology as well as others, will discuss whether U.S. companies will be able to sell their products and services to Huawei, according to a report from Reuters. Huawei is the world's largest supplier for telecom technology. Read more here.
By SIMON CONSTABLE Walt Disney had a heck of a weekend at the box office. In its debut weekend, "The Lion King" took in a staggering $185 million of theater receipts, easily beating estimates of $150 million. Read more here.
NEW PODCAST
One-On-One -- Simon Constable joins Hedgeye
Topics include:
🇮🇹Why default may lie ahead in Italy
🥇Bullish Gold catalysts
💻Concerns around crypto
🇬🇧Why Britain's inept govt benefits its economy
💲Risks of cannabis ETFs https://t.co/wcYVJGBR3R
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