Financialbuzz.com: 'Trade War Cease Fire' Video Recap Week Ending December 7th, 2018

NEW YORK, December 7, 2018 /PRNewswire/ --

U.S. stocks rallied on Monday after trade war tensions settled at the G-20 Summit over the past weekend in Buenos Aires. U.S. President Donald Trump met with Chinese President Xi Jinping to discuss trade matters regarding trade war tensions. Trump said that China and the U.S. have mutually agreed to 'reduce and remove' tariffs on vehicles coming into China, now settling tariffs at 40%. However, if the U.S. and China do not reach a deal, the 10% tariff on the USD 200 Billion Chinese goods import can raise to 25%, which caused the Dow Jones to fall by almost 800 points on Tuesday, marking the fourth worst day in history. U.S. markets were closed on Wednesday to honor the passing of former 41st President George H.W. Bush, but the bearish market continued on Thursday. The major selloff continued following the arrest of Huawei executive Meng Wanzhou in Canada, elevating trade war fears again. The Dow Jones fell by 495 points during early morning trading sessions, before a sharp rebound to close the day. The Dow Jones Industrial Average fell as much as 1690.73 points or 6.5% this week. The S&P 500 Index declined by 6.1%, while the Nasdaq Composite slipped by 6.2%. Tesaro, Inc. (NASDAQ: TSRO), Tribune Media Company (NYSE: TRCO), Cronos Group Inc. (NASDAQ: CRON), Movado Group, Inc. (NYSE: MOV), Lululemon Athletica Inc. (NASDAQ: LULU)

"The timing of the arrest is key here. Markets are already incredibly nervous over slowing economic growth thanks to the inverted U.S. yield curve. Relations between the U.S. and China were supposed to be on the mend after a productive G-20. However, the arrest has the potential to shatter very fragile U.S.-Sino relations which will weigh further on global trade and growth concerns," said Jasper Lawler, Head of Research at London Capital Group, in a note to clients, according to MarketWatch.

For our latest "Buzz on the Street" Show featuring the "Trade War Cease Fire" Between President Trump and Xi Jinping please visit: https://www.youtube.com/watch?v=Hp7wsTEil68

Tesaro, Inc. (NASDAQ: TSRO) shares surged on Monday after GlaxoSmithKline plc (NYSE: GSK) announced it will acquire the Company. Tesaro shares surged by 58.7% on Monday. GSK agreed to acquire Tesaro for USD 5.1 Billion to strengthen its pharmaceutical business, accelerating the build of GSK's pipeline and commercial capability in oncology.

Tribune Media Company (NYSE: TRCO) shares rose on Monday by 9.9% after Nexstar Media Group (NASDAQ: NXST) agreed to acquire Tribune. Nexstar agreed to acquire all outstanding shares of Tribune for USD 46.50 per share in a cash transaction valuing USD 6.4 Billion. Nexstar will also assume all of Tribune's outstanding debt.

Cronos Group Inc. (NASDAQ: CRON) shares jumped intraday on Monday after the Company confirmed reports that it is in talks with Altria (NYSE: MO) about a potential investment. Cronos shares rose by as high as 31.2%. Cronos said that although the two are in talks about an investment, no agreement has been reached and that there is no assurance that the two will reach one.

Movado Group, Inc. (NYSE: MOV) shares surged by 14.7% on Tuesday after the Company topped its third quarter financial results. For the quarter, Movado reported earnings per share of USD 1.18 on sales of USD 208.9 Million. Analysts forecasted earnings per share of USD 1.12 on sales of USD 205.4 Million. The Company reiterated its 2019 forecast, now projecting earnings per share between USD 2.45 to USD 2.55 on sales between USD 660 Million to USD 675 Million.

Lululemon Athletica Inc. (NASDAQ: LULU) reported its third quarter financial results after market close on Thursday. Lululemon topped analysts' estimates in both earnings and revenue, despite the beat, shares went spiraling down by 4.9% shortly after reporting. For the third quarter, Lulu reported earnings per share of USD 75 cents, beating estimates of USD 69 cents, on revenue of USD 747.66 Million, also beating estimates of USD 737.52 Million.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBu zz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has not been compensated for financial news dissemination and PR services by any parties. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.FinancialBuzz.com.

For further information:
Media Contact:
[email protected]
+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com