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Dow profits for the first time in 5 sessions, with Government Shutdown seem unlikely



Dow Jones industrial average is trading sharply up on Tuesday after US lawmakers have reached a pre-deal that will avoid a new government closure and there are signs of progress in US trade with China.
  • Under Armor Inc. (UAA) gained 9 cents per share in the fourth quarter on a revised basis on $ 1.39 billion in revenue, surpassing analysts' estimates both at the bottom and top. Shares rose 4.5 percent.
  • Molson Coors Brewing Co. (TAP) reported a stronger than expected earnings for the fourth quarter but said its financial statements for 2016 and 2017 would have to be recalculated due to accounting errors related to income taxes. Wall Street shares rallied sharply on Tuesday, February 1
    2, after lawmakers in Washington made a preliminary deal that would prevent a re-closing of the government later this week.

    Republican Senator Richard Shelby of Alabama said a preliminary deal had been reached with Democratic Party MPs to fund the US government in the current financial year ending in September. He noted, however, that the deal did not include $ 5.7 billion to fund border walls requested by Donald Trump. Legislation still needs to be written, adopted by both the Parliament and the Senate, and signed by Trump, by midnight on Friday to avoid a second closure this year.

    Investors also welcomed positive signals from the trade talks between Washington and Beijing. Trump said on Tuesday he would consider postponing the deadline of 1 March to raise China's tariffs if the US and China soon reached a trade agreement, CNBC said. , "CNBC reported. He also said that Beijing "very much wants to make a deal" and has a "big team" in China trying to reach a solution.

    Finance Minister Steven Munchin and US Trade Representative Robert Lighthezher are expected to arrive in Beijing on Thursday. for higher-level discussions when negotiators compete to meet the deadline when $ 200 billion Chinese goods tariffs can rise to 25% of 10%. S & P 500 rose 1.3% and Nasdaq rose 1.46%. Dow closed a lower Monday for a fourth consecutive session.

    Under Armor Inc. (UAA) earned an adjusted 9 cents per share in the fourth quarter of $ 1.39 billion in revenue. Analysts expected earnings of 4 cents per share on revenues of 1.38 billion dollars.

    The company also confirmed it expects its revenue for the next fiscal year from 31 cents to 33 cents per share, with revenue growth from 3% to 4%.

    The shares of Molson Coors Brewing Co. (TAP) earned more than expected in the fourth quarter, but noted that the "significant weakness" in the way it deferred deferred tax liabilities in 2016 and 2017 accounts would mean a collective $ 247.7 million hit for retained earnings for the entire 2017.

    Shares fell 9.44%.

    Electronic Arts Inc. (EA) rose 5.2 percent on Tuesday after closing at the highest level in nearly four months on Monday as analysts continue to cite the surprising success of its multiplayer Apex Legends.

    Revenue reports are expected after Tuesday's closure by Activision Blizzard Inc.'s competitor (ATVI) and Twilio Inc. Shares of Coty Inc. (COTY) rose 12.5 percent to $ 10.87 on Tuesday after investor JAB Holding Co. said it plans to increase its stake in the company by acquiring another 150 million units.

    Aurora Cannabis Inc. Canadian cannabis producer reported a second-quarter fiscal loss of C $ 237.8 million, with C $ 54.2 million in revenue, compared to the earlier C $ 7.7 million profit, with C $ 11.7 million in revenue.

    The shares of Aurora Cannabis were flat on Tuesday.

    Aurora is one of the three Canadian cannabis companies to report their earnings. this week. Tilray Inc. (TLRY) plans to report on fourth-quarter results on Tuesday, while Canopy Growth Corp. (CGC) will release the results of the third quarter on Thursday. Jimmy Cramer's daily NYSE exhibition and repetitions below



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